Price Analysis 20/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA

Contrary to our assumption, if the bears sink the price below the triangle and $9,080, a drop to $7,451.

We expect the next leg of the up-move to start after the price breaks out and closes above $235.70.

LTC/USDLitecoin broke out and closed above the overhead resistance of $76.7143 on Sept. 18, which triggered our buy recommendation given in the previous analysis.

If bulls can push the price back above $81, the pair is likely to pick up momentum.

The first target is $106 and above it the rally can extend to $125. However, if bears sink the price below $67.4314, it will be a negative development.

If the price slips below the moving averages and $3.6232, it can drop to the critical support of $3.1534.

If bears sink the price below $19.65, the decline can extend to the critical support of $18.30.

If bulls can push the price above the 50-day SMA, it will indicate an end of the downtrend.

If bulls can push the price above the moving averages, it can move up to $150, which is likely to act as a stiff resistance.

If the price slips below the moving averages, it can dip to the yearly lows once again.