Bitcoin had another rally, but it looks like it is running out of steam. It started rounding off right around the technical and psychological $40K level. We could see lower prices soon, and a great chance to get in on a long trade. If we dip further, $36.3 is the nearest technical level. Next we will have support at $34.7K, then $33.4K, but of which are Fibonacci levels. The Kovach OBV is really strong however, so if we do see a dip, it will be momentary.
Ethereum looks like it is forming a bull flag. It has met resistance at $1211, one of our Fibonacci levels. Indeed, the apex of this bull flag is at this level exactly. The next major level from above is the relative high at $1347. From below we have support at $1105 and $1030. The Kovach OBV is relatively strong, but has flattened recently. This could indicate more ranging or a pullback to those support levels
Litecoin is facing some resistance at $151, one of our Fibonacci levels. This is the 50% Fibonacci level based on the retracement from highs. This is a fairly significant Fibonacci level, so if Litecoin cannot muster more strength here, we can anticipate a further retrace. The levels $141, $130, and $117 will all provide support. It looks like we are forming a head and shoulders pattern on 5 minute candles too. The Kovach OBV has flatlined which does not bode well in the near term. Longer term, LTC should make new highs within two weeks.
