Altcoins Price Analysis (Week of June 5th): Ethereum, Litecoin and DASH

The trends of Ethereum and Litecoin remain unchanged. DASHBTC has hit the lower bound of long-term dwelling it could recover from.

ETH / USD

The price of Ethereum has formed an uptrend wave. The choice of direction was made at the USD 12.2 resistance level. The following direction was set on a plane we found earlier. At this point, a fortress and turn has formed during the fulfillment of the ongoing uptrend scenario.

The price of Ethereum strengthens at a major resistance level of $ 13.4. The future direction will most likely be determined at this level. If the upward wave that started at $ 11 is just a wave of flattening, then the structure of the uptrend is most likely to be disrupted at a level of $ 13.4. In order for the upward movement to continue, the structure must remain intact. In this case the odds are on the side of a weekly uptrend.

ETH / USD price chart 2

LTC / USD

The price of Litecoin continues its upward trend. Without making a turn at the $ 4.5 level, Litecoin price has managed to create another upward wave within the trend.

LTH / USD price chart 1

If the structure of the uptrend is left intact, there is a higher chance that the current trend will continue. Last week’s momentum shows that the bulls retain the advantage. If the structure is disturbed, there is a possibility of a turn. This could happen at the point of highest activity by the bulls – the intersection of several key instruments at the $ 4.7 level.

LTH / USD price chart 2

DASH / BTC

The price of Dash is approaching the lower bound of the long-term apartment. The structure of the downward movement was not disturbed at the 0.0161 level. This means that the current movement is at least one wave of a plane.

DASH / BTC price chart 1

For the further formation of a downward movement, the price must stabilize at least at the lower limit of the apartment. Should the structure of the downtrend be disrupted at the 0.0147 level, a new wave of long-term sideways movement that began in April could emerge.

DASH / BTC price chart 2

The main levels at which current altcoin trends could change are:

$ 13.4 for Ethereum

$ 4.7 for Litecoin

0.0147 for Dash

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