ZB Market Daily: BTC, LTC & BCH technical daily analysis


BTC decline by 16.97% yesterday after it printed a fake out with a high of $58,194.17 on the 21st of February at resistance of $57510.29.

BTC 4-hour chart


The bull’s fails to sustain LTC price above the $241.11 major resistance that was printed on the 2oth of February. Base on the bearish bias, traders liquidated their long position to short the LTC pairs, while spot traders resulted to profit booking as the bulls lack volume to further extend the rally during the course of the trading session.

LTC 4 hour chart


After 8 days of consolidation with range bound of $753.91 and $666.61, the bears finally have upper hand to the downside yesterday when the price tank below the $670 support.

BCH 4 hour chart



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