Litecoin price faces negative pressure – Analysis - 19-07-2018

Ripple price finds difficulty to surpass 0.52 level, which forced the price to rebound bearishly to head towards potential test to the recently recorded low at 0.42, and as long as the price is above this level, we believe that the chances will be valid to resume the positive attempts, waiting to breach 0.52 – 0.54 levels to confirm opening the way to head towards 0.61 followed by 0.73 levels on the near term basis.

Ethereum price trades negatively to move below 496.00 level, but we notice that the EMA50 attempts to protect the price from achieving more decline, while stochastic enters the oversold areas.

Bitcoin price shows some bearish bias now affected by stochastic negativity, which begins to get rid of its negative momentum and head towards the oversold areas, to support the chances of resuming the expected bullish trend for the upcoming period, supported by the EMA50.