ADA and BCH maintain bullish structures as LTC collapses

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Cardano (ADA) rebounded from the $ 1.05 long-term support area, which served as resistance in December 2017.

Bitcoin Cash (BCH) has declined significantly since early May, but has rebounded from the $ 450 horizontal support area.

Litecoin (LTC) declines towards a long term ascending support line.

ADA

The ADA has been down since May 16 when it hit a record high price of $ 2.46. The decline was marked and led to a low of $ 0.95 three days later. The decline was preceded by a significant bearish divergence in the RSI.

ADA rebounded immediately after, validating the $ 1.05 area as support. The same area acted as resistance during the previous all-time high in December 2019.

While the technical indicators are bearish as evidenced by the bearish reversal signal from the MACD and the bearish cross of the Stochastic Oscillator, the bullish structure remains intact as long as the token is trading above the horizontal support area of ​​1. , $ 05.

Long-term ADA

The ADA / BTC pair is not as bearish as its USD counterpart.

Although there is a downward movement underway since May 16, the token appears to be trading inside a symmetrical triangle, which is considered a neutral pattern. On top of that, the pattern comes after a bullish move, so a breakout would be more likely.

In addition, technical indicators are showing bullish signs. The MACD has given a bullish reversal signal, the Stochastic Oscillator has made a bullish cross and the RSI breaks above 50.

ADA / BTC triangle

Strong points

BCH

BCH has been dropping since it hit a high of $ 1,644 on May 12. The decline was steep and a low of $ 378 was hit seven days later.

The low and ensuing rebound validated the horizontal $ 450 area as support. Previously, BCH had accumulated below this level for 581 days.

As for ADA, technical indicators are bearish. However, the bullish structure remains intact as long as BCH is trading above this horizontal level.

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Unlike ADA, the BCH / BTC pair looks more bearish than the USD one.

While the token rose from an all-time low of â‚¿0.0085 in March, the rebound that followed failed to erase the â‚¿0.026 resistance area, which previously served as support.

Although the technical indicators are relatively bullish, the trend is considered bearish as long as the token is trading below this level.

BCH / BTC movement

Strong points

SLD

LTC hit a record price of $ 417. However, he fell immediately afterwards and has not found support since.

It is currently in the process of breaking away from the $ 140 horizontal support area.

Technical indicators are bearish and a breakdown could take LTC to the long term ascending support line at $ 80.

LTC backward support

LTC / BTC has been following a descending resistance line since April 2019.

Most recently, he made an unsuccessful attempt to break through (red icon) in May 2019.

Technical indicators are relatively neutral.

As long as LTC does not break out of this line, the trend cannot be considered bullish.

LTC resistance

Strong points

For the latest BeInCrypto bitcoins (BTC) analysis, Click here.



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