bitcoin charting graph

← Back to articles

Technical Charts: BTC, LTC, ETH, XRP for 27 Aug

August 27, 2017 9:30 am Published by

The Weekly technical outlook for Ripple, Ether, Bitcoin and Litecoin as of 27 August 2017:

Ripple XRPXBT Heiken Ashi Weekly Shows Reversal In Progress

Easy pick at this point is Ripple (despite not liking it for being centralized bankster blockchain) it probably has legs for the medium-term at least and currently painting a Weekly Reversal candle. We need to wait until the current candle closes to confirm.

ETHUSD Weekly Shows Strong Momentum

The challenge for Ethereum right now is that it’s used for so many ICOs, so price fluctuates simply based on how many people are moving cash out of Eth into the ICO tokens.

So assuming there’s not too many big ICOs in the next week or two, Eth should be able to push past previous ATH according to the current Weekly chart. Strong MACD. Strong Heiken Ashi. Above 1SD Bollginer.

BTCUSD Weekly Forecast Is FOMO

The weekly on bitcoin shows all previously projected rockets to the moon have been exceeded by a long shot. We’re in unchartered and un-charted territory. Technical Analysis simply shows the strong upwards trend with extreme short-term volatility possible at any point.

The only way to trade this for medium-term trading would be FOMO: Fear Of Missing Out.

Litecoin Breaking Through Consolidation

Litecoin’s technicals are strong. Several weeks of consolidation, resting against the 1SD Bollinger , and this weeks candle ends with a decisive break to the upside, touching the previous ATHMACD is positive.

Fundamentals: With news on Atomic Swaps now beginning to emerge, litecoin has legs.

Crypto in Canada

Canada is a significant player in the global cryptocurrency market. Although the UK and US are marginally ahead in the rankings for traditional blockchain adoption, Canada leads the way in Ethereum blockchain technology. This can be attributed in-part to Vitalik Buterin, the prodigious Russian-Canadian programmer who founded Ethereum. Buterin, energy and the crypto miners Buterin… View Article

The big EOS freeze

Less than 48hrs after its launch, the EOS blockchain froze. The cause of the freeze was resolved within a few hours of being reported. However, this momentary hiccough was sufficient to spark another emotional debate about security in the crypto arena. EOS blockchain was set up to rival Ethereum. It boasted BPs (block producers) to… View Article

A beginners guide to Litecoin

With over 1000 cryptocurrencies now available, there are plenty of options for those looking to diversify their holdings. One of the most popular altcoins is Litecoin. Here are the basic facts you should know about Litecoin. Litecoin is almost identical to Bitcoin Litecoin is a peer to peer cryptocurrency which works in pretty much the same way as… View Article

Is Litecoin set to outperform Bitcoin this year?

That’s the question many cryptocurrency investors and traders will no doubt be scratching their heads over as the market heats up this summer. Some say Bitcoin has already gone too far. Just one Bitcoin costs many thousands of dollars. Many feel they’ve missed the boat already. Litecoin has considerable potential as an everyday payment currency,… View Article