The (crude oil) settles lower in its last intraday trading, breaking $57.65 support, amid the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, with its trading alongside minor bearish trend line on the steep short-term basis.
(Gold) reinforced its gains in its last intraday trading, breaching the key resistance at $4,245, which represents our expected target in our previous analysis, supported by its continued trading above EMA50, with its trading alongside minor bullish trend line, besides the emergence of the positive signals on the relative strength indicators.
Ripple (XRPUSD) held steady at a sharp decline in its latest intraday trading, under the full dominance of the main short-term downtrend, with the price moving alongside a descending trendline that reinforces this bearish structure. Continuous negative pressure persists as the price trades below its 50-day simple moving average, adding to the downside momentum. This is further supported by ongoing negative signals from the RSI indicators, despite their position in extremely oversold territory.
Therefore we expect the cryptocurrency to decline in its upcoming trading, as long as the resistance level at 2.095 remains intact, targeting the support level at 1.9030.
Expected trend for the upcoming trading: Bearish
Litecoin (LTCUSD) declined in its latest intraday trading, breaking below a short-term corrective ascending trendline, coinciding with a move beneath its 50-day simple moving average. This effectively ends any near-term recovery prospects, especially with negative signals flowing in from the RSI indicators despite their presence in extremely oversold territory.
Therefore we expect the cryptocurrency to fall in its upcoming trading, particularly if it breaks the key support level at 79.45, targeting thereafter the pivotal support at 75.20.
Expected trend for the upcoming trading: Bearish