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Cryptocurrency Price Daily Analysis 9 August: Ethereum, Bitcoin, Ethereum Classic, Litecoin Ripple Price Prediction

Bitcoin Against The US Dollar

With August 9, Segregated Witness has finally completely locked down today. For now the network has to be very certain that all transaction are being done clear and stable. There is approx a month left until the installment of SegWit.

bitcoin price chart

Bitcoin price is indicating the first signs that the trend might break. This can also mean that the trend of a larger scale is in place. But $3,220 will be the turning point, as this is the last mark of the $2,619 uptrend. If there’s no reversal down, the price rise is highly likely to last. Otherwise, Bitcoin will experience deeper correction.

Ethereum Against The US Dollar

While analyzing the chart you can notice a reversal-free structure but that might be ending with a bigger correction if everything goes for ethereum price as predicted.

ethereum price

The upwave might get higher. But it’s important this structure remains, as capital infusion at key points helps form this trend. If there is no infusion and profits are locked in, the trend ends. This is what may happen at the current key point, $280. With a major trader locking in their profits, Ethereum will undergo deeper correction. But without any reversal at this level, the price will rise.

Ripple Against the US Dollar – Prediction

Ripple price managed to make a new upwards wave but had no luck in settling. It looks like there’s no support during this daily price flow at $0.19, so it may lead to deeper fall.

ripple price analysis

After the price fell from $0.2, current growth can be considered a flat wave. So the present wave down is, in fact, the $0.17 to $0.19 flat wave too. For this wave to stop, it needs to have a reversal at  $0.186; we see large sell orders there. If Ripple fails to have a reversal upwards at this point, correction stays.

Litecoin Against the US Dollar

A sharp impulse up has ended the flat wave. The reversal at the lowest border did not happen, and this kept the trend-like structure going.

litecoin price analysis

Currently, Ripple price is in the correction and if the price settles here, the growth will keep on. In case the reversal at $45.5, the point with the biggest trading and pending purchase orders volume, does take place we’ll see the whole $38 upward trend break.

Ethereum Classic Against the US Dollar

Ethereum Classic flat has been going on for almost a week and its exit will form a trend of the same scale.

ethereum classic price analysis

Right now the volume of pending buy orders surpasses the amount of sell orders. It indicates strong resistance to the price falling in case of a downwards reversal. But without the reversal at the $15 flat border, the price rise is highly anticipated.


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Original Author: Denis Harrison

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About author

Writer, EthereumWorldNews | samquinn@ethereumworldnews.com - Sam is an electrical engineer with years of passion writing for subjects that target or approximately do, his field of study. Now he is a full time writer for the team of Ethereum World News.
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