Tesla and Elon Musk became cryptocurrency newsmakers today. Tesla’s reports about the purchase of bitcoin provoked the growth of the main cryptocurrency by 10%. After bitcoin, altcoins soared, but much more restrained.

Against this background, it’s not only the morning forecast for Ripple that worked out but also for Litecoin and Ethereum.

Thus, the XRP USD quotes, which were trading at the level of 0.4222 today, bounced up from it, but stopped by the resistance level of 0.4532.

What do we have now on the XRP USD chart? Both limits of the 0.3914 – 0.4532 range were confirmed by false shadow breakouts. This is a good signal of a strong confirmation of the level. From a technical point of view, the quotes are now open to its downward trend with the first target at the mirror horizontal of 0.4222. If it is broken from the top down, the next support level will be 0.3914. If the price bounces up from 0.4222, a return to 0.4532 is possible.

analytics60215f47b4341.jpg

Meanwhile, LTCUSD has reached the target of 163.64 and can now continue strengthening towards the upper limit of the technical range of 146.04 – 171.25. And if it does not consolidate above the level of 163.64 and bounces down, it will be possible to look at sales in the sideways direction.

analytics60215f6a83144.jpg

The ETH USD pair is about to gain a foothold above the level of 1697.27, which will allow the quotes to continue growing to the level of 161.8 on the Fibo Extension.

analytics60215f8d910f3.jpg

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.