Weekly review of 10 major cryptocurrencies 4.06.18 - 10.06.18

11 Jun 2018

Last week major cryptocurrencies resumed their decline reaching new local minimums and finished the week near them. Bitcoin reached the minimum of $ 6’620. Its share in total capitalization increased to 38,9 %.
The number of billionaire-coins decreased to 20, their total number (according to coinmarketcap.com) decreased to 1’634.
The total capitalization of cryptocurrencies decreased to $ 299 billion.

Bitcoin fell by 12% from $ 7’720 to $ 6’760 last week, the minimum was $ 6’620.

There was the resumption of medium-term downward trend with retesting $ 6’500 with a very possible further break of this level and with reaching new minimums of many months. The week closing around $ 6’500 makes it quite possible this week already.
Until $ 10’000 is overcome, long-term technical picture remains bearish.

Ethereum fell by 15% from $ 620 to $ 524 with the minimum of $ 496.

Ethereum has dropped and remains below both fast-moving and low-moving averages. Meanwhile low-moving average has been declining. Now we can speak of resumption of medium-term downward trend.The support on $ 360 is very likely to stand firm this week. The rise above $ 800 will be a signal of growth resumption.

Ripple (XRPUSD) decreased by 16% from $ 0,69 to $ 0,58 during last week with the minimum of $ 0,55.

The decrease resumed after unsuccessful attempt to rise above fast-moving average. Low-moving average has been declining. The further decrease is more likely.

BCHUSD fell by 20% from $ 1’170 to $ 934 last week with the minimum of $ 892.

The rate fell off from fast-moving average. This is a bearish sign. On the other hand, last week fast-moving average crossed the low one giving a signal to buy. The support is on $ 900 and $ 600. The resistance is $ 1’300 and $ 1’800.
The further decline is more likely.

Litecoin fell by 15 % from $ 125 to $ 106, the minimum was $ 102.

The decline stopped for a while before the support on $ 100. But after closing of last week near it, the further decline is more likely.

IOTA decreased by 24% from $ 1,80 to $ 1,37, the minimum was $ 1,30.

The consolidation around crossing moving averages into buy resolved to going down. The further decline to $ 1 as minimum is more likely.

NEO fell by 16% from $ 56 to $ 45 last week, the minimum was $ 43.

Retest of support near $ 45 has resumed. The further decline is more likely.

Monero declined by 17% from $ 168 to $ 139 with the minimum of $ 131.

The support above $ 150 is broken. The further decline with approximate target of around $ 80 is more likely.

DASH fell by 19% from $ 331 to $ 269, the minimum was $ 257.

The decrease resumed after weak rebound 2 weeks ago. The further decline is more likely.

NEM fell by 17% from $ 0,26 to $ 0,215, the minimum was $ 0,206.

The decrease resumed after weak rebound 2 weeks ago. The further decline is more likely.

Wish you profitable deals and follow our reviews!