RATE Group | Ethereum, Ripple & Litecoin Charts Suggest More Pain Ahead
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Ethereum, Ripple & Litecoin Charts Suggest More Pain Ahead

31 Jul Ethereum, Ripple & Litecoin Charts Suggest More Pain Ahead

Posted at 09:00h in Ethereum News by

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Cryptocurrencies, outside of Bitcoin, have failed to garner much attention from buyers, and while the same can be said of sellers, the digestion of losses over the past month is likely to lead to more losses soon. Ethereum, Ripple, and Litecoin are all carving out a similar bear-flag pattern that should lead to another purge of speculative excesses.

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Ethereum selling to lead to April low at 358 and worse

Weak price action in ETH/USD has it set up to make another leg lower soon. It could continue to drift ever-so-slightly higher, but the developing bear-flag implies risk is skewed more heavily towards the downside. The April low at 358 and worse will be targeted once momentum finds its way back in the crypto sector on breaks of 417 and 405.

Check out this guide to learn more about how to trade Bitcoin and other cryptocurrencies.

ETH/USD Daily…

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