Alt Coins Price Forecast – continuing to fall again on Wednesday

Updated : Jun 14, 2018, 05:47 UTC•1min read

The alt coins that we follow here at FX Empire are all struggling, and it looks likely that we are going to continue to go lower at this point. I think that rallies are to be looked at with suspicion, and I believe that there are plenty of sellers out

BTG/USD

Bitcoin Gold fell again during the trading session on Wednesday, losing over 3%. The market looks likely to continue to go down to the downside, perhaps reaching towards the $30 level next. I believe that the $36 level above is going to continue to offer a lot of resistance. If we were to break above there, then the $38 level will also offer plenty of resistance.

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DASH/USD

The DASH market broke down during the day as well, losing almost 2% as we continue to see alt coins struggle in general. This makes sense, because both Bitcoin and Ethereum are struggling overall, and it makes sense that the larger markets are weighing upon the smaller ones such as DASH. I think that rallies are to be sold, and that the $275 level will continue to be a bit of a ceiling. In general, I anticipate that the market is probably going to break down below the $250 level, perhaps reaching down to the $225 level.

XMR/USD

Monero markets fell significantly during the day as well, losing over 5%. In fact, we reached towards the $100 level. The $100 level of course is psychologically important, but I think it’s only a matter of time before we break down below that level. Every time we rally, I look for a reason to start shorting Monero, because it has underperformed so many other of the crypto currencies.

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