Bitcoin, Ethereum, , and Litecoin: Price Analysis 17/10/2017

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·@aqbayli·
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Bitcoin, Ethereum, , and Litecoin: Price Analysis 17/10/2017
Wall Street is driving Bitcoin’s price rise this month according to Bloomberg, even as Goldman Sachs still picks gold over crypto.

In comments on Bloomberg TV, the publication’s analyst Edward Robinson said bank clients are “knocking on the door” after seeing charts showing Bitcoin’s 2017 growth.




After the positive news from china , cointelegraphe has reprted today that Russia will regulate Bitcoin and crypto curency  .



In this article we will try to find the best analyse of bitcoin, ethereum and litecoin price :

Bitcoin/USD  :

![bitcoin.png](https://steemitimages.com/DQmVVj2zTH7u7Nuq43uiu3jGcGSgDXkuu7cWbHN4vwtsvJ4/bitcoin.png)







The price of bitcoin face a huge resistance line around 5800 , today it is the 4 time that he try to break this resistance line, but it's has not break this resistance line, this is a signal that bitcoin is bearish and the sellers are more then the buyers, don't open a fresh trade in this level, there will be a huge correction of the price after the fork of 1 novembre.



Now we don’t recommend any trade on bitcoin , wait until the end of the fork of 25/10/2107 and 01/11/2017 and then open a trade .

Ethereum/USD

![ethereum.png](https://steemitimages.com/DQmNvWZmo5wH394aC46tsQKhfUsNrH9fTfpDLZDcKgWXxYZ/ethereum.png)


For ethereum, we don't recommend any trade also because we are in a difficult period of market , where everything is possible, for ethereum the hardfork will determinate the future of the price, if the hardfork happen without any difficult the ethereum will break the support line of 350 usd and the target price will be 500 usd, in the other scenario, it will return to be traded under 300 Usd .

Not difficult at all, if we break $395 even $400 and this become a support on 15min, you have a juicy long. Same for the support, if we break down, just leave and wait to find some bounce before buying again.


Never forget this is just some TA, fundamentals can hit, so care .



LTC/USD : 
![litecoin.png](https://steemitimages.com/DQmcLKWxuyNWYpKJ25A6q8xzuRg6RG29sZFTFcFD6x8e4zY/litecoin.png)


now at this levels we don't advice any trade , but if the price fall under 55 USD, i advice to open a buy order and  sell around 65 USD with a stop lose around 50 USD .
👍 ,