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Altcoins Price Analysis (Week of June 5th): Ethereum, Litecoin and DASH

The trends of Ethereum and Litecoin remain unchanged. DASHBTC has hit the lower bound of long-term dwelling it could recover from.


The price of Ethereum has formed an uptrend wave. The choice of direction was made at the USD 12.2 resistance level. The following direction was set on a plane we found earlier. At this point, a fortress and turn has formed during the fulfillment of the ongoing uptrend scenario.

The price of Ethereum strengthens at a major resistance level of $ 13.4. The future direction will most likely be determined at this level. If the upward wave that started at $ 11 is just a wave of flattening, then the structure of the uptrend is most likely to be disrupted at a level of $ 13.4. In order for the upward movement to continue, the structure must remain intact. In this case the odds are on the side of a weekly uptrend.

ETH / USD price chart 2


The price of Litecoin continues its upward trend. Without making a turn at the $ 4.5 level, Litecoin price has managed to create another upward wave within the trend.

LTH / USD price chart 1

If the structure of the uptrend is left intact, there is a higher chance that the current trend will continue. Last week’s momentum shows that the bulls retain the advantage. If the structure is disturbed, there is a possibility of a turn. This could happen at the point of highest activity by the bulls – the intersection of several key instruments at the $ 4.7 level.

LTH / USD price chart 2


The price of Dash is approaching the lower bound of the long-term apartment. The structure of the downward movement was not disturbed at the 0.0161 level. This means that the current movement is at least one wave of a plane.

DASH / BTC price chart 1

For the further formation of a downward movement, the price must stabilize at least at the lower limit of the apartment. Should the structure of the downtrend be disrupted at the 0.0147 level, a new wave of long-term sideways movement that began in April could emerge.

DASH / BTC price chart 2

The main levels at which current altcoin trends could change are:

$ 13.4 for Ethereum

$ 4.7 for Litecoin

0.0147 for Dash

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