USD/SGD Price Forecast H2 2021: Keeping Range Bound Since 2015

Daily Price Prediction: 1.2860 SGD

Weekly Price Prediction: 1.2850 SGD

Prices Forecast: Technical Analysis

For the USD/SGD, the daily closing price is predicted to be around 1.2860, with a range between 1.2800 and 1.2900. On a weekly basis, the closing price is expected to be approximately 1.2850, with a range from 1.2780 to 1.2920. The RSI at 40.1783 suggests a bearish trend, indicating potential downward pressure. The ATR of 0.0083 points to moderate volatility, while the ADX at 29.3407 reflects a weakening trend. The MACD line is below the signal line, reinforcing the bearish sentiment. The economic calendar shows a stable outlook for the USD, with no significant disruptions expected. These technical indicators collectively suggest a cautious approach, with potential for slight declines in the short term.

Fundamental Overview and Analysis

Recently, USD/SGD has shown a downward trend, reflecting broader market concerns about the USD’s strength. Factors such as the JOLTs Job Openings data, which indicates a slight decrease in job openings, could weigh on the USD. Investor sentiment appears cautious, with a focus on upcoming economic data releases. Opportunities for growth in USD/SGD may arise from improved US economic indicators or shifts in Singapore’s monetary policy. However, risks include potential USD weakness due to economic slowdowns or geopolitical tensions. Currently, the asset seems fairly priced, with no significant overvaluation or undervaluation. Traders should monitor economic indicators closely to gauge future movements.

Outlook for USD/SGD

The future outlook for USD/SGD suggests a continuation of the current bearish trend, influenced by moderate volatility and weakening trend strength. Short-term price movements (1 to 6 months) may see the pair trading within a narrow range, with potential declines if US economic data disappoints. Long-term forecasts (1 to 5 years) depend on broader economic conditions, including potential USD recovery or further declines. External factors such as geopolitical tensions or significant policy changes could impact the pair significantly. Overall, the outlook remains cautious, with traders advised to stay informed about economic developments and adjust strategies accordingly.

Technical Analysis

Current Price Overview: The current price of USD/SGD is 1.2869, slightly below the previous close of 1.2895. Over the last 24 hours, the price has shown a slight downward trend with moderate volatility, lacking any significant patterns.
Support and Resistance Levels: Key support levels are at 1.2800, 1.2780, and 1.2750, while resistance levels are at 1.2900, 1.2920, and 1.2950. The pivot point is at 1.2900, with the asset trading below it, indicating bearish sentiment.
Technical Indicators Analysis: The RSI at 40.1783 suggests a bearish trend. The ATR of 0.0083 indicates moderate volatility. The ADX at 29.3407 shows a weakening trend. The 50-day SMA is below the 200-day EMA, indicating a bearish crossover.
Market Sentiment & Outlook: Sentiment is currently bearish, as the price is below the pivot, the RSI is low, and the ADX indicates a weak trend. The moving average crossover supports this bearish outlook, with moderate volatility as per the ATR.

Forecasting Returns: $1,000 Across Market Conditions

Investing $1,000 in USD/SGD under different market scenarios can yield varying returns. In a Bullish Breakout scenario, a 5% increase could raise the investment to approximately $1,050. In a Sideways Range, the investment might remain around $1,000, reflecting minimal change. In a Bearish Dip, a 5% decrease could reduce the investment to about $950. These scenarios highlight the importance of understanding market conditions and adjusting strategies accordingly. Investors should consider their risk tolerance and market outlook when deciding to invest in USD/SGD.

Scenario	Price Change	Value After 1 Month
Bullish Breakout	+5% to ~$1,350	~$1,050
Sideways Range	0% to ~$1,000	~$1,000
Bearish Dip	-5% to ~$1,230	~$950

FAQs

What are the predicted price forecasts for the asset?

The daily closing price for USD/SGD is predicted to be around 1.2860, with a range between 1.2800 and 1.2900. The weekly closing price is expected to be approximately 1.2850, with a range from 1.2780 to 1.2920.

What are the key support and resistance levels for the asset?

Key support levels for USD/SGD are at 1.2800, 1.2780, and 1.2750. Resistance levels are at 1.2900, 1.2920, and 1.2950. The pivot point is at 1.2900, with the asset currently trading below it.

Disclaimer

In conclusion, while the analysis provides a structured outlook on the asset’s potential price movements, it is essential to remember that financial markets are inherently unpredictable. Conducting thorough research and staying informed about market trends and economic indicators is crucial for making informed investment decisions.

GBP/JPY Price Forecast Q4 2020: The Downtrend Has Resumed Again

Daily Price Prediction: 193.91 GBP

Weekly Price Prediction: 194.28 GBP

Prices Forecast: Technical Analysis

For the daily forecast, GBP/JPY is expected to close around 193.91, with a potential range between 193.08 and 194.28. The weekly forecast suggests a closing price near 194.28, with a range from 192.62 to 194.74. The RSI is currently at 52.1896, indicating a neutral trend, while the ATR at 1.7265 suggests moderate volatility. The ADX at 23.1601 shows a weak trend, implying potential sideways movement. The MACD line is positive, indicating bullish momentum, but the histogram shows a slight decrease, suggesting caution. The pivot point at 193.45 is crucial, as the asset is trading slightly above it, indicating a potential bullish bias. The economic calendar shows stable conditions, with no major disruptions expected, supporting a steady price outlook.

Fundamental Overview and Analysis

Recently, GBP/JPY has shown a stable trend with minor fluctuations. The pair’s value is influenced by macroeconomic factors such as interest rates and economic data from the UK and Japan. Investor sentiment remains cautiously optimistic, with traders watching for any shifts in monetary policy. Opportunities for growth are present, but risks include potential economic slowdowns or geopolitical tensions. The asset appears fairly priced, with no significant overvaluation or undervaluation. Market participants are likely to remain watchful of economic indicators and central bank announcements, which could impact future price movements.

Outlook for GBP/JPY

The future outlook for GBP/JPY suggests a stable trend with potential for moderate gains. Historical price movements indicate a tendency for the pair to remain within established ranges, with occasional breakouts. Economic conditions, particularly in the UK and Japan, will play a significant role in influencing the pair’s price. In the short term (1 to 6 months), the pair is expected to trade within a range, with potential upward movement if economic data supports growth. Long-term forecasts (1 to 5 years) suggest gradual appreciation, contingent on economic stability and policy decisions. External factors, such as geopolitical events or market disruptions, could impact the pair’s trajectory.

Technical Analysis

Current Price Overview: The current price of GBP/JPY is 193.545, slightly below the previous close of 193.545. Over the last 24 hours, the price has shown minor fluctuations, indicating a stable trend.
Support and Resistance Levels: Key support levels are at 193.08, 192.62, and 192.25, while resistance levels are at 193.91, 194.28, and 194.74. The pivot point is at 193.45, with the asset trading above it, suggesting a bullish bias.
Technical Indicators Analysis: The RSI at 52.1896 suggests a neutral trend. The ATR at 1.7265 indicates moderate volatility. The ADX at 23.1601 shows a weak trend, implying potential sideways movement. The 50-day SMA and 200-day EMA do not show a crossover, indicating no significant trend change.
Market Sentiment & Outlook: Sentiment is cautiously bullish, with the price trading above the pivot and RSI indicating neutrality. The lack of a moving average crossover suggests stability, while moderate ATR-based volatility supports a steady outlook.

Forecasting Returns: $1,000 Across Market Conditions

The table below outlines potential returns on a $1,000 investment in GBP/JPY under various market scenarios. In a Bullish Breakout scenario, a 5% price increase could result in an estimated value of ~$1,050. In a Sideways Range scenario, a 0% change would maintain the investment at ~$1,000. In a Bearish Dip scenario, a 5% decrease could reduce the investment to ~$950. These scenarios highlight the importance of market conditions in determining investment outcomes. Investors should consider their risk tolerance and market outlook when deciding to invest in GBP/JPY.

Scenario	Price Change	Value After 1 Month
Bullish Breakout	+5% to ~$203.22	~$1,050
Sideways Range	0% to ~$193.54	~$1,000
Bearish Dip	-5% to ~$183.87	~$950

FAQs

What are the predicted price forecasts for the asset?

The daily forecast for GBP/JPY suggests a closing price around 193.91, with a range between 193.08 and 194.28. The weekly forecast indicates a closing price near 194.28, with a range from 192.62 to 194.74.

What are the key support and resistance levels for the asset?

Key support levels for GBP/JPY are at 193.08, 192.62, and 192.25. Resistance levels are at 193.91, 194.28, and 194.74. The pivot point is at 193.45, with the asset trading above it, suggesting a bullish bias.

What are the main factors influencing the asset’s price?

GBP/JPY’s price is influenced by macroeconomic factors such as interest rates, economic data from the UK and Japan, and investor sentiment. Market participants are also attentive to central bank announcements and geopolitical events.

What is the outlook for the asset in the next 1 to 6 months?

In the short term, GBP/JPY is expected to trade within a range, with potential upward movement if economic data supports growth. The pair’s price will be influenced by economic conditions and policy decisions in the UK and Japan.

Disclaimer

Dash (DAS) Price Prediction Q4 2020: Will the Support Hold?

The cryptocurrency, Dash, which started as a fork of Bitcoin in 2014, called XCoin, Darkcoin and finally Dash, surged more than $ 1,500 higher in 2017 as did all cryptocurrencies, led by Bitcoin, having started that year at around $ 10 and rising above $ 1,600, as the gold rush for digital currencies reached its peak. But, the gold rush ended as soon as 2018 started, and since then, the price of the DASH/USD has been declining, and it is now facing the long-term support zone at around $ 37 to $ 38.

The technical picture doesn’t look promising for Dash bulls; the highs have been getting lower and the technical indicators are providing resistance on higher time-frame charts. One of the most bearish signs is the fact that, while other major cryptocurrencies like Bitcoin and Ethereum have been increasing since March, Dash has been stagnant, and sellers tested the downside in September. This leaves us with a bearish bias for Dash.

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Read the latest Update at the Dash Price 2021 Forecast

Current [[DAS/USD-name]] Price: [[DAS/USD-price]]

Recent Changes in the Dash Price

Period	Change ($)	Change %
30 Days	-4.52	-6.7%
3 Months	-3.22	-4.7%
6 Months	-14.45	-21.2%
1 Year	+10.30	+15.1%
3 Years	+62.40	+91.8%

So, the price action and the [[DAS]] charts point down, and the fundamentals are not very promising either. The Dash team said in October that Dash should not be seen as a privacy currency, which is in stark contrast to what Dash stood for in the beginning. That didn’t have a major impact though, although the pressure to the downside still remains.

So, despite Dash partnering with Secure Digital, in order to offer trading facilities over their OTC desk, making some further improvements and the crypto market increasing since March, buyers are not showing much confidence in this altcoin, which doesn’t indicate a bright future as things stand right now.

Dash Forecast: Q4 2020

Dash Forecast: 1 Year

Dash Forecast: 3 Years

Price: $ 80 – $ 85

Price drivers: Dash Sentiment, USD correlation, Technical Indicators

Price: $ 40 – $ 45

Price drivers: Technical Analysis, Crypto Market Sentiment

Price: $ 180 – $ 200

Price drivers: Dash Developments, Crypto Market Sentiment, Dash Sentiment, Global Events

Dash Live Chart

[[DAS/USD-graph]]

Dash Price Prediction for the Next 5 Years

Recent Developments for DASH/USD

There have been both positive and negative developments for Dash, although markets haven’t been too concentrated on fundamentals. As mentioned above, Dash has been considered as an anonymity-focused cryptocurrency, together with Monero and ZCash, but the Dash team threw that all away at the beginning of October. Fernando Gutierrez, CMO of the Dash Core Group, made the following statement on the Cointelegraph when asked if Dash should retain its privacy status:

“No, Dash is a payments cryptocurrency, with a strong focus on usability, which includes speed, cost, ease of use and user protection through optional privacy.”

That doesn’t bode well with the safety status it once had, but it appears that Dash officials are shifting it from a safe/anonymous cryptocurrency to an easier one, with which one can make transactions. They have entered into a new liquidity partnership with the Secure Digital Markets. SDM is regulated by FINTRAC in Canada, and it is a globally focused digital asset trading platform for institutions. SDM has completed over $ 2 billion in Over-the-Counter (OTC) digital asset transfers. With this new partnership, SDM will help institutional investors to buy, sell and trade Dash through the Secure Digit Markets OTC desk.

Pasta, one of the Dash Core Group’s developers, explained the development of Dash Core v0.16.0.1, which is ready for deployment by node operators. These improvements will be mandatory for all Dash masternodes and miners, and it includes confirmation methods for the appropriate masternode holder software and higher levels of anonymity when using PrivateSend and wallet interface enhancements. Dash has also partnered with Taurus.io, which is a Mexican cryptocurrency exchange, to release the first crypto Visa debit card in Latin America, but as we said, this has no impact on the price action.

Technical Analysis – Will MAs Push the DASH/USD Below the Support?

As the monthly chart at the top of this article shows, the DASH/USD surged more than 15,000% in 2017, from around $10 to $1,570. But the surge ended with that year, and in 2018, the crypto market crashed, pulling Dash down with it. The DASH/USD lost almost all of its gains in 2018, but a base formed at around $37 to 38. Apart from the spike in December last year, highs continue to get lower, and the 20 SMA (gray) is providing resistance on the monthly chart. It has been pierced a couple of times, but it hasn’t been broken, since we don’t see any candlesticks that have closed above it. So, the 20 SMA is keeping pressure to the downside for the DASH/USD.

The range is getting narrower for Dash

On the weekly time-frame chart, the 20 SMA was providing support during the bullish move, before 2018. But that moving average was broken after the big reversal in February 2018, and the price for the DASH/USD has remained below all moving averages since then. Now, the 100 SMA (green) remains the ultimate resistance on the weekly chart. It rejected the price in July/August and reversed Dash lower. The support at $ 37 held again this time, but the pressure remains to the downside, so we don’t think that it will last for too long, since Dash hasn’t benefited from the bullish momentum in the crypto markets of the last several months.

USD/MXN Price Forecast Q4 2020: Will the Uptrend Resume Soon?

The US Dollar has been gaining against the Mexican Peso for decades, one of the reasons for this being the increasing US imports from Mexico, which keep the MXN under pressure. The chart above shows that the USD/MXN was trading at around $ 2.50 in the early 1990s, while at some point during Q2 of this year, it was trading above $ 25, which means a 10-fold increase in three decades. The notable thing here has been that buyers haven’t had much opposition; the uptrend has been pretty much heading forward, with no major setbacks. The pressure has been on the upside all the time, with the usual surge every few years, the last time being during the first few months of this year. Since then, we have seen a retrace lower, but it seems like the retrace might have ended now, although it is not certain whether the uptrend is going to resume soon.

Read the latest Update at the USD/MXN Price 2021 Forecast

Current [[USD/MXN-name]] Price: [[USD/MXN-price]]

Recent Changes in the MXN Price

Period	Change ($)	Change %
30 Days	-0.27	-1.2%
6 Months	+2.23	+10.3%
1 Year	+2.86	+13.2%
5 Years	+4.69	+21.7%
Since 2000	+12.30	+56.9%

Mexico is a developing nation and the Mexican Peso is a risk currency. But, Mexico is directly on the US border, and given the huge size of the US economy, the impact on the Mexican economy is also immense. As a result, the Mexican Peso is sensitive to the US economy, as is the US Dollar. This means that when the USD is strong, such as during February and March, when traders were turning to the greenback as a global reserve currency, it had an impact on the Mexcan Peso. When the USD is weak, the MXN is not the currency that benefits the most.

USD/MXN Forecast: Q4 2020	USD/MXN Forecast: 1 Year	USD/MXN Forecast: 3 Years
Price: 21 Price Drivers:USD correlation, US politics, COVID-19	Price: 25-26 Price Drivers: Global economic recovery, Risk sentiment, Post-US elections.	Price: 30 Price Drivers: Global economy, Market sentiment, USD correlation, Fundamentals in Mexico

USD/MXN Live Chart

[[USD/MXN-graph]]

USD/MXN Price Prediction for the Next 5 Years

COVID-19 and Fundamentals

The fundamentals have been quite solid for Mexico, as this emerging economy keeps growing, and exports to the US are also increasing constantly. Mexico has been the largest or the second largest US trade partner in total trade since 2019, at a total of $ 614.5 billion. Imports from the US amounted to $ 256.4 billion, while exports totaled $ 358.1 billion. This means that Mexico has a $ 100 billion surplus with the US, therefore it needs a strong USD, otherwise the revenue will decline in value. However, the fundamentals have skewed somewhat since the start of the coronavirus pandemic. The USD/MXN surged more than 7 cents during the initial panic, but it has been retreating lower since April. Although, as we mentioned, the retrace down has been much weaker than in other USD pairs. One of the reasons for the surge was the fear of what might happen to the emerging markets, since they don’t have as much to fall back on as the developed economies and governments have. The uncertainty is still high, hence the slow retreat during periods of USD weakness since April. So, overall the Mexican economy is at the mercy of the US economy, which will keep the trend bullish for a long time for this pair, despite the recent pullback.

Inflation and Bank of Mexico Policy

Interest rates were above 8% in Mexico last year, but the Bank of Mexico started cutting them at the end of 2019, and this year, they slashed them drastically, as the global economy sank. As of September 2019, the main interest rate stands at 4.25%, while the FED has interest rates at 0.10%, as we have covered in our Economic Calendar. This difference in interest rates looks to be in favour of the Mexican Peso, but the higher rates in Mexico leave more room for the central bank to cut them further. Markets trade on expectations more than on the actual events, so this leaves the MXN vulnerable to more rate cuts from the Bank of Mexico. Some economists expect more cuts from them in the next few meetings, so the pullback lower in the USD/MXN should end soon.

EUR/MXN Technical Analysis – A Pullback Expected Before the Assault on All-Time Highs

September’s candlestick points to a bullish reversal on the monthly chart

As we mentioned, the USD/MXN was trading between $ 2 and $ 3 in the early “90s, but it has been on a bullish trend since then, having gained around 1,000%. During this time, moving averages have been doing a good job of providing support during pullbacks lower, or during consolidations, on both the monthly and weekly charts. The smaller moving averages have been taking over this job when the trend has picked up pace, while larger MAs have provided support when pullbacks have been deeper. On the monthly chart above, we see that the price in USD/MXN has gone up in legs, with the last surge being in the first few months of this year. This pair was trading in a triangle from 2017, but it broke out early this year, after the price bounced off the 50 SMA (yellow) when the coronavirus broke out. It has retreated lower since April, but the retrace might have come to an end now. The 20 SMA (gray) is providing support on the monthly chart, while September’s candlestick closed as a doji, both of which point to a bullish reversal, since the retrace seems complete and the main trend remains bullish.

The retrace lower is not over yet on the weekly chart

On the weekly chart, we saw a jump of the 50 SMA in the last week of September, from below 21 to 22.60. But, the 20 SMA (gray) stopped the climb once again, providing resistance for the second time this year. The USD/MXN has reversed lower again, but the bearish move should end at some point, and the bullish trend will resume, as the monthly chart suggests. The reversal might happen in the area around 21, or at one of the moving averages below that, such as the 200 SMA (purple) which has been the ultimate support on the weekly chart. So, we will follow the latest bearish move lower, to see where it will end, so that we can open a long term buy forex trade.

GBP/INR Price Forecast Q4 2020: Retrace Underway on Bullish Trend

Daily Price Prediction: 115.50 INR

Weekly Price Prediction: 115.55 INR

Prices Forecast: Technical Analysis

For the daily forecast, the GBP/INR is expected to close around 115.50 INR, with a potential range between 115.44 INR and 115.61 INR. The weekly forecast suggests a closing price of approximately 115.55 INR, with a range from 115.47 INR to 115.58 INR. The RSI at 62.729 indicates a bullish momentum, suggesting that the asset is not yet overbought. The ATR of 1.3428 points to moderate volatility, which could lead to price fluctuations within the predicted range. The MACD line above the signal line supports a bullish outlook, while the ADX at 39.1471 suggests a strong trend. These indicators collectively imply a continuation of the current upward trend, albeit with some potential for short-term corrections.

Fundamental Overview and Analysis

Recently, GBP/INR has shown a steady upward trend, reflecting positive market sentiment. Factors such as the UK’s economic stability and India’s inflationary pressures have influenced this movement. The asset is perceived positively by investors, with expectations of continued growth. Opportunities for GBP/INR include potential economic reforms in India and stable UK economic policies. However, risks such as geopolitical tensions and regulatory changes could pose challenges. Currently, the asset appears fairly valued, with room for growth if economic conditions remain favorable. Market participants are optimistic, but cautious of potential volatility due to external factors.

Outlook for GBP/INR

The future outlook for GBP/INR remains positive, with expectations of continued growth driven by stable economic conditions in the UK and potential reforms in India. Historical price movements show a consistent upward trend, supported by strong technical indicators. In the short term (1 to 6 months), the asset is likely to experience moderate growth, with potential fluctuations due to market volatility. Long-term forecasts (1 to 5 years) suggest sustained growth, contingent on economic stability and favorable market conditions. External factors such as geopolitical events or market crashes could significantly impact the asset’s price, but current sentiment remains bullish.

Technical Analysis

Current Price Overview: The current price of GBP/INR is 115.5166 INR, slightly above the previous close of 115.3512 INR. Over the last 24 hours, the price has shown an upward trend with moderate volatility, indicating a bullish sentiment.
Support and Resistance Levels: Key support levels are at 115.49, 115.47, and 115.44 INR, while resistance levels are at 115.55, 115.58, and 115.61 INR. The pivot point is at 115.53 INR, with the asset trading slightly above it, suggesting a bullish bias.
Technical Indicators Analysis: The RSI at 62.729 suggests a bullish trend. The ATR of 1.3428 indicates moderate volatility. The ADX at 39.1471 confirms a strong trend. The 50-day SMA and 200-day EMA show no crossover, indicating a stable trend.
Market Sentiment & Outlook: Sentiment is currently bullish, supported by price action above the pivot, a positive RSI, and a strong ADX. The absence of a moving average crossover suggests stability, while moderate ATR-based volatility indicates potential for continued upward movement.

Forecasting Returns: $1,000 Across Market Conditions

Investing $1,000 in GBP/INR under different market scenarios can yield varying returns. In a Bullish Breakout scenario, a 5% increase could raise the investment to approximately $1,050. In a Sideways Range, the investment might remain around $1,000, reflecting minimal change. In a Bearish Dip, a 3% decrease could reduce the investment to about $970. These scenarios highlight the importance of market conditions on investment outcomes. Investors should consider current trends and technical indicators when making decisions. A cautious approach, with attention to economic news and technical signals, can help navigate potential volatility and maximize returns.

Scenario	Price Change	Value After 1 Month
Bullish Breakout	+5% to ~$121.29	~$1,050
Sideways Range	0% to ~$115.53	~$1,000
Bearish Dip	-3% to ~$112.05	~$970

FAQs

What are the predicted price forecasts for the asset?

The daily forecast for GBP/INR suggests a closing price around 115.50 INR, with a range between 115.44 INR and 115.61 INR. The weekly forecast indicates a closing price of approximately 115.55 INR, with a range from 115.47 INR to 115.58 INR. These predictions are based on current technical indicators and market conditions.

What are the key support and resistance levels for the asset?

Key support levels for GBP/INR are at 115.49, 115.47, and 115.44 INR, while resistance levels are at 115.55, 115.58, and 115.61 INR. The pivot point is at 115.53 INR, with the asset currently trading above it, indicating a bullish sentiment.

Disclaimer

EUR/CHF Price Forecast Q4 2020: Will Retrace End Below 1.10?

The Euro continues to lose ground against the CHF on longer time-frame charts, declining from around 1.90 in the 1990s, when it was still called the ECU, to 1.05 earlier this year, when the attention turned towards safe havens, due to the coronavirus outbreak. That seems to be the bottom for now, although this pair declined to 0.87 when the SNB removed the peg for this pair at 1.20. That was a one-off situation, but it opened the door for this pair to fall below parity. However, since the middle of May, we have seen the EUR/CHF retrace higher, as the sentiment improved in financial markets, but the retrace seems pretty weak, and moving averages are standing above to provide resistance at around 1.10, so the retrace might end soon, just a few weeks before the end of the year.

Read the latest Update at the EUR/CHF Price 2021 Forecast

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Current [[EUR/CHF-name]] Price: [[EUR/CHF-price]]

Recent Changes in the Ripple Price

Period	Change ($)	Change %
30 Days	-0.01	-1.0%
6 Months	+0.21	+19.4%
1 Year	-0.07	-6.5%
5 Years	-0.06	-5.5%
Since 2000	-0.53	-49.1%

The EUR/CHF is a strange pair, because while the two currencies spread on the opposite sides of the forex spectrum, the CHF being a safe haven, while the Euro is a risk currency to some degree, the two are closely related to each other, because Switzerland is in the middle of the Eurozone, and therefore conducts most of its international trade in Euros. As a result, the Swiss National Bank SNB is trying to hold this pair stable, but without much success so far. It continuously intervenes by buying EUR/CHF, in order to weaken the CHF. The last time was in May this year, which was one of the main reasons for the reversal from 1.05, and the retrace is still on, but it seems like it will end soon, because the price has stalled in the last several weeks and the retrace wasn’t convincing to begin with. So, 1.10 seems like the target for this pullback, before heading to parity.

EUR/CHF Forecast: Q4 2020	EUR/CHF Forecast: 1 Year	EUR/CHF Forecast: 3 Years
Price: 1.08 – 1.10 Price Drivers: COVID-19 in EU, Brexit, Risk Sentiment	Price: 1.70 – 1.75 Price Drivers: ECB, SNB, Post Brexit, Global Risk Sentiment, Post-US Elections, Global Economic Recovery	Price: 1.40-1.50 Price Drivers: Market Sentiment, Global Economy, Global Politics, ECB, SNB

EUR/CHF Live Chart

[[EUR/CHF-graph]]

EUR/CHF Price Prediction for the Next Five Years

Market Sentiment and COVID-19

This pair is quite affected by the market sentiment; since the Euro and the CHF move in opposite directions, regardless of whether the risk is on or off. The risk sentiment has been negative since early 2018, due the trade war between the US and China, hence the bearish move down from 1.20 in the last two years. But, the sentiment has improved somewhat since May, as the world reopened after the 2 to 3-month lockdowns, and the Eurozone economy began to rebound. This pair has retraced higher, as mentioned above, but the sentiment is softening again now, with all the talk about the second wave of the coronavirus and the occasional regional restrictions and possibly lockdowns. This does not help improve the sentiment, so as long as the coronavirus and restrictions are hanging over our heads, traders will turn to safe havens and the EUR/CHF will resume its bearish trend.

The ECB, the SNB and the Eurozone Economy

Central banks were already on an easing cycle last year, as the global economy was slowing down. But they pressed the panic button in March after the coronavirus breakout, which forced governments to close borders. The European Central Bank set Refinancing Rates at 0.00% and deposit rates at -50%, while the Swiss National Bank Policy Rate stands at -0.75%. But they introduced some extreme measures, such as the EUR 1.35 billion pandemic emergency purchase programme (PEPP), in an attempt to make funds more available by providing lower lending costs for European citizens and businesses. The M3 money supply increased drastically, from around 4% before March to above 10% in August. The Swiss National Bank and the Swiss Government also introduced some major programmes to help the economy in such times. But, the Eurozone economy is slowing down again, with the service sector falling into contraction in September. This means that the ECB will keep the easing measures, while the US economy is keeping the rhythm of the rebound. This will lead to a weaker Euro eventually, sending EUR/CHF down. But the SNB keeps intervening in the markets, buying this pair and they will do so if the Euro weakens, as they have promised. So, the decline won’t be too smooth and I hope that not many traders get caught on the DNB bounces.

EUR/CHF Technical Analysis – The Pullback Seems Exhausted

The technical analysis for this pair is quite straightforward. This pair has been on a bearish trend and we have tried to sell the retraces higher. The decline has been imminent since the early 1990s, when it was trading at around 1.90. The steepest decline took place from the financial crisis in 2008 until 2011, when this pair lost more than 60 cents. In January 2011 we saw another steep decline, after the SNB removed the peg for this pair at 1.20, sending it crashing lower to 0.87. But the price pulled back up, and it has been above parity since then – although, that’s where the EUR/CHF seems to be headed.

This has been the weakest retrace in EUR/CHF

During this time, moving averages were doing a great job in providing resistance for this pair during pullbacks, and right now, the price is trading right below the 20 SMA (gray) on the monthly chart. The pullback seems to have stopped now, so it might as well be over. Just in case, the 50 SMA (yellow) stands at 1.10, which is a big round level, so that looks like a good place to open a long term sell signal. Although, if the global economy improves, which will lead to the risk sentiment improving in financial markets as well, then safe havens will retreat and the EUR/CHF might reach 1.15, where the 100 SMA (purple) lies in wait. But I think that the most likely scenario is that the reversal will take place at around 1.10, and the larger bearish trend will resume once again.

GBP/AUD Price Forecast Q4 2020: Bouncing in a Triangle

In the late 1990s and early 2000s, the GBP was quite overvalued in comparison to the AUD, but over time, the [[GBP/AUD]] exchange rate has moved lower, losing over half its value at some point and bottoming out at 1.43-44 in 2013-2014, after a decade-long downtrend. This represents a drop from 3.04 in 2011. Since then, buyers have come back to the scene, as the GBP/AUD makes higher lows, but on the other hand, the highs are getting lower as well, as can be seen in the monthly chart. This indicates uncertainty in the long run, but the moves are becoming less severe, with the price heading towards the tip of the triangle in GBP/AUD.

Read the latest Update at the GBP/AUD Price 2021 Forecast

Current [[GBP/AUD-name]] Price: [[GBP/AUD-price]]

Recent Changes in the Ripple Price

Period	Change ($)	Change %
30 Days	+0.01	+1.0%
6 Months	-0.20	-10.5%
1 Year	+0.02	+1.0%
5 Years	-00.33	-15.3%
Since 2000	-1.18	-39.0%

Both the GBP and the AUD are quite volatile, but the GBP is taking the upper hand, especially since Brexit. However, as far back as the chart shows, the GBP/AUD has never lacked volatility. In fact, this is one of the most volatile forex pairs out there, together with the GBP/JPY and a handful of other pairs. What’s interesting in this pair, is the fact that while other pairs are driven by fundamentals, and technical indicators are used as trading levels, here the price follows the technical picture, namely the triangle and moving averages, and fundamentals only serve to move the price between the technical indicators. The Aussie benefited from the great expansion of the Chinese economy in the 2000s, while Brexit sent this pair down after 2016. At the moment, the coronavirus is driving the sentiment for this pair.

GBP/AUD Forecast: Q4 2020	GBP/AUD Forecast: 1 Year	GBP/AUD Forecast: 3 Years
Price: 2.0 – $ 2.3 Price Drivers: Brexit, COVID-19 Measures in Australia, Risk Sentiment, Technicals	Price: 1.70 – 1.75 Price Drivers: Post Brexit, Global Risk Sentiment, Post-US Elections, Global Economic Recovery	Price: 1.40-1.50 Price Drivers: EU-UK Trade Relations, Market Sentiment, Global Politics

GBP/AUD Live Chart

[[GBP/AUD-graph]]

GBP/AUD Price Prediction for the Next 5 Years

COVID-19 and China for the AUD

As mentioned above, Australia is a close trading partner of China, having benefited from the economic boom over there. Exports abroad, mainly to China, have helped the Australian Dollar since 2000, as the Chinese economy has been growing. The trade relations with China have been helping to improve the sentiment for the AUD again since March, as China began to leave the COVID-19 pandemic behind, while it was just starting for the rest of the world. But the trade war between the US and China, which, incidentally, is still on the go, is not very favorable for the Australian economy and the AUD. If Donald Trump wins the election in November, the trade war is expected to continue.

By the way, Australia was one of the countries least affected by the coronavirus, and it was not affected by lockdowns initially. That was positive for the AUD, and as a result, the Aussie has turned quite bullish since March, with the AUD/USD gaining around 19 cents until September. The GBP/AUD lost around 25 cents during this time. But then the restrictions were implemented, and the Aussie began showing signs of weakness, hence the bounce-off from the bottom line of the triangle in September, as we will explain in the technical analysis section below.

Brexit and COVID-19 in the UK

In Britain, the coronavirus situation doesn’t seem very promising for businesses who want to make plans for the future. When the coronavirus began spreading in the UK, Boris Johnson refused the lockdowns at first, but he subsequently began to support them after falling victim to the virus himself. The UK saw some severe lockdowns from March to May, and the economy went through a major contraction, but then it bounced back after the reopening. Right now, the UK economy is keeping up the pace, and services haven’t fallen into contraction as they have elsewhere in Europe, which is a good sign, as the global economy is slowing down again. But, threats of continuous lockdowns harm the economic sentiment and the GBP. The Brexit situation doesn’t seem too positive either, as Britain edges closer to a no-trade-deal Brexit scenario, with both sides holding onto their positions, while the clock continues to tick. Even if they got together, they would need years to reach a trade deal, which is a very complicated matter. So, 2021 should be bearish for the GBP, but the technicals and fundamentals might not always agree, so let’s have a look at the technical picture.

Technical Analysis – Will the GBP/AUD Respect the Triangle?

The [[GBP/AUD]] was trading above $ 3 back in 2000, following a strong bullish trend that began in 1996. But the 2000s were a terrible decade for this forex pair, as the GBP lost considerable value against the AUD and across the board after the 2007 financial crisis. The 200 SMA (purple) provided some support by the middle of the decade, but after the 100 SMA (green) turned into resistance on the monthly chart, the pressure to the downside accumulated in this pair, and it crashed lower until 2013, falling to 1.44. This means that the GBP/AUD lost more than half its value during that decline, but it subsequently turned higher, and until late 2015, the pair surged.

The 100 SMA has turned into support now on the monthly chart

However, the 200 SMA has turned into resistance this time, rejecting this pair, which turned bearish after forming a few hammer candlesticks below that moving average, signaling a bearish reversal. Sellers pushed the price lower, but they couldn’t resume the larger bearish trend. The higher lows in 2016 killed hopes of a further bearish move. The price moved above $ 2 again early this year, but the coronavirus outbreak turned the AUD extremely bearish until September and the price turned back down. But the ascending trend line and the 50 and 100 SMAs were too much, causing the price to pull back up above the moving averages. This pin candlestick from September and the triangle itself indicate a bullish reversal now, and it is very likely that the GBP/AUD will bounce to the top of the triangle at around $ 2 until the end of 2020. But then, the price will probably reverse down and break the triangle to the downside, as the UK heads out of the EU with no trade deal.

USD/INR Price Forecast Q4 2020: Will the Pullback Continue?

India is a developing economy, and as such, it attracts foreign direct investments (FDI). This should keep the Indian Rupee well supported, much like the Chinese Yuan, which has forced the People’s Bank of China to peg its currency to the USD. The foreign investments are made in a foreign currency, mainly in USD outside of Europe, yet the Rupee has been declining against the USD throughout the previous decade. While the USD index was bullish until 2017, it doesn’t explain the 200% appreciation of the USD/INR since 2010. Inflation explains it partly, because, at above 6%, which is supposed to be the ceiling set by the Reserve Bank of India, it is pretty high in that country. Recent coronavirus events have not been very positive for the Rupee either.

Read the latest Update at the USD/INR Price Forecast

Current [[USD/INR-name]] Price: [[USD/INR-price]]

Recent Changes in the USD/INR Price

Period	Change ($)	Change %
30 Days	-0.05	-0.7%
6 Months	-0.02	-0.3%
1 Year	+0.31	+4.2%
5 Years	+0.73	+9.9%
Since 2010	+2.94	+39.9%

Recently, most trading assets have been moving, based on the sentiment in financial markets, especially from February until April, while since then, the weakness of the USD has dominated markets. The Indian Rupee took a big hit during the panic period at the end of February and the beginning of March, as almost everything crashed, apart from the USD. But, while other assets have turned tail against the USD, and have gained considerable value, the Rupee has remained largely stagnant. This sort of price action, coupled with the long-term uptrend in the USD/INR, is making the outlook for the Indian Rupee negative, as we look to the years ahead.

USD/INR Forecast: Q4 2020	USD/INR Forecast: 1 Year	USD/INR Forecast: 3 Years
Price: $ 78-80 Price drivers: Covid-19, Risk Sentiment, RBI Rates	Price: $ 82-84 Price drivers: Market Sentiment, Economic Recovery, Developing Markets, USD Correlation	Price: $ 88-90 Price drivers: Drivers: Inflation, Economic Recovery, Developing Markets, RBI Actions, Inflation

USD/INR Live Chart

[[USD/INR-graph]]

In this article, we will take a look at the Indian Rupee, from both a fundamental and a technical point of view. The fundamentals look pretty gloomy for the Rupee right now, due to the uncertainty about the future of the global economy, as a result of the coronavirus pandemic and the lockdowns. The world has changed, and this increases the uncertainty further, especially for risk currencies, such as those of the emerging markets. Inflation has surged in India since Q4 of last year, which goes in the opposite direction to the other developed countries, while the RBI is still cutting interest rates. The technical analysis also points down for the Rupee, with the USD/INR having been bullish since the 1990s.

Price Prediction for the Indian Rupee for the Next Five Years

Market Sentiment and Covid-19

With India being an emerging market, the Rupee is a risk currency, just like the commodity currencies. It usually increases during times of economic expansion and falls during global economic hardships. The Rupee has been on a long-term downtrend, but the market sentiment is still an issue for those who trade the Indian Rupee in the short to mid-term. The sentiment was quite negative from February until April, when the uncertainty hit the markets. The level of uncertainty is still pretty high, but at least the sentiment in financial markets has improved since the end of the lockdowns. Risk assets have turned quite bullish during the last three months, and the Rupee has made some advances against the USD. But, those advances have been quite small, compared to other risk currencies, which means that the better way to trade the sentiment in the USD/INR would be to buy this pair in times of uncertainty, since it is guaranteed to move higher, as it gets a double kick.

Inflation and RBI Policy

As a developing nation, the inflation in India is higher than in other countries. While in developed countries, the target rate for CPI (Consumer Price Index) inflation is around 2% for central banks, the Reserve Bank of India (RBI) holds the ceiling at 4%. The problem is that the inflation rate has increased considerably since the last few months of 2019. Inflation increased to 3.99% in September last year, then it increased to above 4% in October last year. At some points, inflation reached 7.59%, as coronavirus lockdowns disrupted supply chains globally, especially from China, since India is a major importer of Chinese goods, after the EU and the US. Inflation obviously weakens the currency, although the decline in oil prices might make up for some of it, but even crude oil has bounced back up now. The RBI cut interest and deposit rates in the first half of 2020, and some are expecting further cuts here, despite the high inflation rate. This will result in further weakness for the Rupee

Release Date	Time	Actual	Forecast	Previous
Jul 13, 2020 (Jun)	08:00	6.09%	5.30%	5.84%
May 12, 2020 (Apr)	08:00	5.84%	5.68%	5.91%
Apr 13, 2020 (Mar)	08:00	5.91%	5.93%	6.58%
Mar 12, 2020 (Feb)	08:00	6.58%	6.80%	7.59%
Feb 12, 2020 (Jan)	08:00	7.59%	7.40%	7.35%
Jan 13, 2020 (Dec)	08:00	7.35%	6.20%	5.54%
Dec 12, 2019 (Nov)	08:00	5.54%	5.26%	4.62%
Nov 13, 2019 (Oct)	08:00	4.62%	4.25%	3.99%
Oct 14, 2019 (Sep)	08:00	3.99%	3.70%	3.28%
Sep 12, 2019 (Aug)	08:00	3.21%	3.30%	3.15%
Aug 13, 2019 (Jul)	08:00	3.15%	3.20%	3.18%
Jul 12, 2019 (Jun)	08:00	3.18%	3.20%	3.05%

Source: Bank of India

USD/INR Correlation

While every currency has its own mind, and should be judged according to its own actions, the currencies in the developing markets are prone to any price action in the USD, since they are usually traded against the USD, just like commodities. In order to see the difference in performance between the USD index DXY and a certain currency, we should put the DXY and the cross currency index, in this case, the USD/INR, on top of each other. This way we can see their differences on the charts. Looking at the two monthly charts below, from 2007 onward, we can see that while the DXY traded sideways until July 2014, and the USD/INR surged higher in 2013. That was due to a number of factors, namely the FED tapering the excessive cash outflow, a bottleneck in FDIs and a growing current account deficit in India. This shows that the Rupee has been quite weak on its own, despite the appreciation in the USD. Another example is the DXY pullback from January 2017 until 2018, when it lost around 15% of its value, as the DXY fell around 16 points. On the other hand, the USD/INR only lost around 7% of its value during 2017. This shows that the pressure for the Rupee has been towards the downside. So, while the USD might still weaken, as the US elections approach and the political war gets tougher, don’t expect this pair to fall too much, since it didn’t decline much, even when the USD crashed lower from May to July this year.

The US index was trading sideways from 2009 until 2014

The USD/INR on the other hand, has been bullish

Developing, Import Oriented Market

India is a developing nation, and one of the major emerging markets, which makes it an attractive location for Foreign Direct Investment. The average estimate in recent years ranges from $ 50 billion to $ 70 billion, adding up to around $ 1.5 trillion since 1995, which is a massive amount. But, India is still an import economy, mainly in terms of petroleum, jewelry, machinery, chemicals etc. That creates some negative difference in import/export for the economy, and puts the Indian Rupee under pressure, since imports require large amounts of domestic cash (Rupee) to be exported, in exchange for foreign currency. That’s one of the main reasons why the Indian Rupee has been in constant decline since the peg to the USD was removed. Unfortunately, the trade deficit has only been increasing, despite the FDIs, which doesn’t paint a bright picture for the future as far as the Rupee is concerned. India will have to go through some more structural changes in order to balance import-exports, which is not so easy to do, even though production within the country has increased, partly due to cheap labour. Although India might be a net profiteer from the trade war between the US and China, Rupee traders will have to watch how much investment India attracts during this period, and whether this increases disproportionally or not at all.

Summary table of recent Indian Foreign Trade (in billion $)

Year	Export	Import	Trade Deficit
1999	36.3	50.2	-13.9
2000	43.1	60.8	-17.7
2001	42.5	54.5	-12.0
2002	44.5	53.8	-9.3
2003	48.3	61.6	-13.3
2004	57.24	74.15	-16.91
2005	69.18	89.33	-20.15
2006	76.23	113.1	-36.87
2007	112.0	100.9	-11.1
2008	176.4	305.5	-129.1
2009	168.2	274.3	-106.1
2010	201.1	327.0	-125.9
2011	299.4	461.4	-162.0
2012	298.4	500.4	-202.0
2013	313.2	467.5	-154.3
2014	318.2	462.9	-144.7
2015	310.3	447.9	-137.6
2016	262.3	381	-118.7
2017	275.8	384.3	-108.5
2018	303.52	465.58	-162.05
2019	330.07	514.07	-184
2020	314.31	467.19	-152.88

Source: Wikipedia

Technical Analysis – Will Moving Averages Keep Pushing the USD/INR Up?

The most visible thing that catches your eye on the USD/INR monthly chart is the undisputed bullish trend. This means that the Indian Rupee has been bearish as long as the chart shows. This forex pair was bearish even before that, beginning in 1990, but the trend has been picking up pace since 2007. There haven’t been many times, if any, when sellers have questioned the uptrend. The bullish trend has unfolded in the most normal way possible, with buyers pushing higher, retreating to regain strength and then making a new high. This has been going on forever, and it seems like it will continue for a while longer, as the monthly USD/INR chart suggests.

MAs have been supporting the USD/INR during the uptrend

During this time, moving averages have been doing a great job in providing support for this pair during pullbacks lower. The smaller 20 SMA (gray) has pushed the price higher when the trend has picked up pace, then the 50 monthly SMA (yellow) has taken over when the pace has slowed. On the last two occasions, the pullback has ended and the uptrend has resumed, after the price formed a pin or a doji candlestick at these moving averages. In the first instance, the USD/INR formed a doji right at the 50 SMA in January 2018, before making a strong bullish move in February that year. In July, the price formed a pin this time, which was followed by an even stronger bullish candlestick in August. The USD/INR made another strong move higher in March 2020, as traders panicked, and this was followed by several bearish reversing candlesticks, although, there was no real follow-through, and his pair remains bullish, which is yet another signal from the USD/INR technical analysis, that points to a further upside in the coming years.

NZD/USD Price Forecast Q4 2020: Is the Retrace Higher Over?

Daily Price Prediction: 0.6015

Weekly Price Prediction: 0.6030

Prices Forecast: Technical Analysis

For the daily forecast, the NZD/USD is expected to close around 0.6015, with a potential range between 0.5980 and 0.6050. The weekly forecast suggests a closing price near 0.6030, with a range from 0.6000 to 0.6100. The RSI at 60.27 indicates a bullish momentum, suggesting the price might continue to rise. The ATR at 0.0073 points to moderate volatility, which supports the potential for price fluctuations within the predicted range. The MACD line is above the signal line, reinforcing the bullish sentiment. However, the ADX at 13.56 suggests a weak trend, indicating that while the price may rise, the strength of the trend is not robust. The economic calendar shows no major disruptions, allowing technical indicators to play a significant role in price movements.

Fundamental Overview and Analysis

Recently, the NZD/USD has shown a steady upward trend, supported by positive technical indicators. The asset’s value is influenced by macroeconomic factors such as the US job market and China’s manufacturing sector, which indirectly affect the NZD through trade relations. Investor sentiment appears cautiously optimistic, with traders eyeing potential gains. Opportunities for growth include favorable economic conditions in New Zealand and stable demand for the NZD. However, risks such as global economic uncertainty and potential regulatory changes could pose challenges. Currently, the asset seems fairly priced, with room for growth if economic conditions remain stable. The market’s focus on economic indicators like the JOLTs Job Openings and China’s PMI will likely continue to influence the NZD/USD’s performance.

Outlook for NZD/USD

The future outlook for NZD/USD appears moderately bullish, with potential for gradual appreciation. Historical price movements show a consistent upward trend, supported by technical indicators. Economic conditions, particularly in the US and China, will play a crucial role in shaping the asset’s price. In the short term (1 to 6 months), the NZD/USD is expected to trade within a range of 0.6000 to 0.6100, driven by stable economic indicators and moderate volatility. Long-term forecasts (1 to 5 years) suggest potential growth, contingent on global economic stability and trade relations. External factors such as geopolitical tensions or significant market events could impact the asset’s price, but current trends suggest a positive trajectory.

Technical Analysis

Current Price Overview: The current price of NZD/USD is 0.6017, slightly above the previous close of 0.6015. Over the last 24 hours, the price has shown a slight upward trend with moderate volatility, as indicated by the ATR. Support and Resistance Levels: Key support levels are at 0.6000, 0.5980, and 0.5960, while resistance levels are at 0.6050, 0.6080, and 0.6100. The pivot point is at 0.6000, and the asset is trading above it, suggesting a bullish sentiment. Technical Indicators Analysis: The RSI at 60.27 indicates a bullish trend, while the ATR suggests moderate volatility. The ADX at 13.56 shows a weak trend strength. The 50-day SMA and 200-day EMA do not show a crossover, indicating no significant trend reversal. Market Sentiment & Outlook: Sentiment is currently bullish, supported by the price action above the pivot, a positive RSI, and moderate ATR-based volatility. The lack of a moving average crossover suggests stability rather than a strong trend.

Forecasting Returns: $1,000 Across Market Conditions

Investing $1,000 in NZD/USD under different market scenarios can yield varying returns. In a Bullish Breakout scenario, a 5% price increase could raise the investment to approximately $1,050. In a Sideways Range scenario, with a 0% change, the investment remains at $1,000. In a Bearish Dip scenario, a 3% decrease could reduce the investment to about $970. These scenarios highlight the importance of market conditions in determining investment outcomes. Investors should consider current market trends and technical indicators before making decisions. Practical steps include monitoring economic indicators, setting stop-loss orders to manage risk, and diversifying investments to mitigate potential losses.

Scenario	Price Change	Value After 1 Month
Bullish Breakout	+5% to ~$0.6318	~$1,050
Sideways Range	0% to ~$0.6017	~$1,000
Bearish Dip	-3% to ~$0.5836	~$970

FAQs

What are the predicted price forecasts for the asset?

The daily forecast for NZD/USD suggests a closing price around 0.6015, with a range between 0.5980 and 0.6050. The weekly forecast anticipates a closing price near 0.6030, with a range from 0.6000 to 0.6100.

What are the key support and resistance levels for the asset?

Key support levels for NZD/USD are at 0.6000, 0.5980, and 0.5960, while resistance levels are at 0.6050, 0.6080, and 0.6100. The pivot point is at 0.6000, and the asset is currently trading above it.

Disclaimer

Litecoin (LTC) Price Prediction Q4 2020: Is the Uptrend over for LTC/USD?

Litecoin, the digital silver answer to Bitcoin, has seen a rise in activity over the past few weeks, as the new MimbleWimble update is due to be launched in September this year. On August 6, Litecoin Foundation Director David Schwartz said that the cryptocurrency, Litecoin, had over 92,278 active wallets in the past 24 hours, which was more than both Bitcoin Cash and BSV combined, at 90,446. It indicated that Litecoin was resurging in terms of investment, transaction and transfers. The significant reason behind the strong activity could be the upcoming launch of MimbleWimble, which will bring privacy features to Litecoin. The implementation will be made in September as directed by the lead developer, David Burkett, who confirmed this in a July project update. The new MimbleWimble will provide the benefit of privacy and enable faster transactions on the Litecoin Network. Therefore, MimbleWimble will have a different verification mechanism than Bitcoin.

Read the latest Update at the Litecoin Price Forecast

Furthermore, the Creator of Cardano and the CEO of IOHK, Charles Hoskinson, revealed his intentions to establish cooperation with the creator of Litecoin, Charlie Lee. He sent his intentions via Twitter, stating that he loved the idea of a cross-chain communication between Litecoin and Cardano. He added that there were many possible ideas to be discussed. In response to this, the creator of Litecoin replied with the word “sure”, indicating that he approved of the idea of working together. Therefore, it is expected that the relevant persons from both foundations will get together to discuss the matter soon.

Where to buy Litecoin Click Here

Current [[LTC/USD-name]] Price: [[LTC/USD-price]]

Recent Changes in the Litecoin Price

Period	Change ($)	Change %
30 Days	-18.20	-41.3%
3 Months	-5.13	-11.7%
6 Months	+5.40	+12.3%
1 Year	-14.30	-24.8%
3 Years	-17.20	-28.2%

Litecoin posted losses this week, after posting gains for the previous two consecutive weeks. The value over the past two weeks was up by 45.13%. However, this week it declined by 5.18%. The LTC/USD pair reached a high of 65.098 in the previous week, for the first time after six months. At its highest, Litecoin’s market capital was $ 14.099 Billion.

In the current session, Litecoin was dropping, as it faced a massive resistance for a breakout. LTC printed a so-called bearish engulfing candle in the latest session, which indicated a downside risk for the cryptocurrency. Now the question arises, what is the Litecoin price forecast likely to be?

Litecoin Forecast: Q4 2020

Litecoin Forecast: 1 Year

Litecoin Forecast: 3 Years

Price: $ 84 – $ 100

Price drivers: Choppy Trading Range, Boosted safe-haven appeal in gold, Bullish Bitcoin (positive correlation).

Price: $ 145.235

Price drivers: Bullish Breakout, Double Bottom Support

Price: $ 221

Price drivers: Completion of W Pattern, ABCD Pattern completion, Bounce of Over Fibonacci 61.8% Support

Litecoin Live Chart

[[LTC/USD-graph]]

LTC/USD – Factors Impacting Litecoin Prices

Litecoin is a cryptocurrency with an enormous long-term projected growth, just like Bitcoin. The first-ever cryptocurrency that sparked an entire industry of altcoins was the Bitcoin; however, the most common improvement over Bitcoin, attempted by Litecoin, was the transaction speed. Litecoin was the first crypto asset to do so successfully. This has placed Litecoin in the crypto market, as a strong financial asset with long-term growth potential. Let’s discuss the Litecoin price projections from different sources for 2020 – 2025 and beyond.

WalletInvestor – Litecoin Projection

WalletInvestor has given a negative long-term projection for Litecoin prices, saying that by the end of 2020, Litecoin would drop to $ 40 per coin. For 2021, they suggested that LTC would start falling gradually, and would reach $ 4 in August. However, for December 2021, LTC will start rising again towards $ 25, according to WalletInvestor.

For the end of 2022, they projected $ 10, and – $ 3 for 2023. Their projection for 2024 was – $2 and for 2025, it was – $2. From WalletInvestor’s projection, iIt can be clearly seen that they believe that LTC will not grow up in the future. However, the FXLeaders analysts think otherwise, and we will share our thoughts at the end of this update.

Digital Coin Price – Litecoin Projection

Digital Coin Price gave a moderate price forecast for Litecoin, saying that the coin would grow year by year into the future. Though in their projection, prices may drop severely, but the trend remained positive.

The following are the projections for Litecoin prices by Digital Coin Price for 2020-2025. In 2020 – $ 58, In 2021 – $ 59, In 2022 – $ 66, In 2023 – $ 62, In 2024 – $ 61, In 2025 – $ 69

Longforecast – Litecoin Projection for 2020-2023

Longforecast believes that the Litecoin will drop to $ 40 by the end of 2020, and it will fluctuate between $ 25 and $ 50 throughout the year. However, in 2021, LTC will continue to drop, ending the year at about $ 20. For 2022, LongForecast projects growth for the LTC, saying it will move within a range of $ 18 to $ 46. The bullish move of LTC will continue in 2023, according to LongForecast, achieving $ 58 in December 2023.

Trading Beasts – Litecoin Projection for 2020-2023

For the next four years, Trading Beasts see Litecoin as a good asset. However, for December 2020, they project that Litecoin prices will drop to $ 32. In 2021, LTC will grow to $ 52, and the positive momentum will continue over the next two years. Trading Beasts suggest that in 2022 and 2023, LTC prices will grow to $ 53 and $ 80 respectively.

CoinPrice – Litecoin Forecast

The long-term forecast for Litecoin provided by CoinPrice, over a period of 10 years, suggests that Litecoin will reach $ 136 by the end of the decade. They gave this projection according to the Bitcoin prices, which are also expected to rise in the future. In 2020 to $ 57, in 2025 to $ 100 and in 2030 to $ 136.

Crypto Research Report Group – Litecoin forecast

A cryptocurrency research firm by the name Crypto Research Report Group has given its projection for Litecoin for ten years. This firm has provided a strong bullish forecast for LTC, as it sees the digital currency exceeding $ 1,000 in just five years, and rising above $ 2,000 in 10 years. The projection for Litecoin prices, by Crypto Research Report Group, is as follows:

In 2020, $ 83, in 2025, $ 1,200 and in 2030, $ 2,250.

GovCapital – Litecoin Forecast

The future prices of the Litecoin after a year are predicted as $ 87.407 in 2021, and for 2025 they are expected to grow at a rapid pace, reaching $ 641.899, according to GovCapital’s predictions.

Bitcoin vs. Litecoin

For the past three consecutive weeks, Bitcoin has been rising, having surged to its 2020 high of $ 11,392. The trend is still positive for Bitcoin, as the global economies face the disruption caused by the COVID-19 pandemic, and investors are seeking safer investment assets, like gold or cryptocurrencies. On the other hand, Litecoin has also surged in the past three weeks, but the third week was not that bullish, as the prices began to decline. The LTC/USD surged above $ 60 last week, but after that, it retreated back to near $ 57, perhaps due to technical correction or profit-taking.

According to Coin Predictor, Bitcoin and Litecoin have a correlation of 0.83; this correlation was calculated on the basis of the price dynamics of both cryptocurrencies over the previous 100-days.

The Bloomberg team used the number of active BTC addresses to predict a value of $ 12,000. The project director at Litecoin Foundation, David Schwartz, used the same analysis, but with LTC transactions. He said that the number of daily Litecoin transactions had reached levels last seen in early December 2017. As per his analysis, the use of Litecoin will continue to increase with time, and the price of LTC should follow a similar upward path.

The upcoming update of Litecoin, MimbleWimble, which is named after a Harry Potter spell, will make the network more private, unlike Bitcoin, which is a publicly viewable blockchain. This factor has made the Litecoin more attractive, and investors have started taking it seriously. Litecoin founder Charlie Lee talked about these improvements to the network back in early 2019, and now it is due next month, in September 2020. The chances are that after this update – digital silver to Bitcoin – Litecoin will gain more traction in the market.

The founder of Litecoin, Charlie Lee, said that digital silver to Bitcoin once again served as a leading indicator of Bitcoin prices in the last week of July. This means that Litecoin was moving ahead of Bitcoin, instead of trailing behind the pioneer. He even posted a screenshot in his twitter account, proving that Litecoin has a habit of leading BTC.

Meanwhile, in previous weeks, Grayscale Investments, a New York firm that makes cryptocurrencies available in the form of stocks, declared that regulators have given a go-ahead for the sale of two new cryptocurrencies to the public.

The newly listed stocks represented the shares of Litecoin and Bitcoin Cash, a controversial spinoff of Bitcoin. According to Coinmarketcap, the Litecoin is in 9th position, and Bitcoin Cash is 5th – making it the biggest cryptocurrency, with a market cap of $ 3.71 B and $ 5.52 B. The stocks will trade under the symbols of LTCN and BCHG, and they will be available to the general public in 1-2 weeks.

Technical Analysis – Eyes on a Sideways Range Breakout – LTC/USD?

Regarding the technical side of the market, Litecoin is trading on a neutral bias, within a sideways trading range of 25 to 145. In the monthly time-frame, the Litecoin is facing double bottom support, at 25.33, and closing of Doji and bullish engulfing candles confirms further buying trends in the LTC/USD pair.

Taking a look at the long-term forecast for Litecoin, the leading crypto pair seems bullish, especially due to the W pattern, where a partial W is already complete. On the higher side, Litecoin may find its next resistance within the $ 85 range, while a bullish crossover of $ 85 could lead Litecoin prices towards $ 145. Below this, $ 85 is likely to work as the support level.

LTC/USD Sideways Pattern – Traders Eyes Watching for a Breakout

On the monthly chart, the MACD suggests a neutral bias among traders – in fact it’s exhibiting indecision, as traders are waiting for a bullish or bearish breakout in LTC/USD. Taking a closer look at the monthly chart, the pair seems likely to break out on the higher side. After completing the yearly forecast target at the $ 145 level, the prices may drop again, until $ 85 in order to achieve a 61.8% Fibonacci retracement, until $ 85. This is the same level that should have extended resistance to Litecoin beforehand, but later, after the breakout, this level is likely to work as a support.

LTC/USD Fibonacci Retracement

Speaking about the Litecoin price forecast until 2023, we can expect Litecoin prices to soar further until $ 145, where the bullish crossover of $ 145 could lead the LTC/USD pair further upwards, until $ 221, the level which is extended by the high of March 1, 2018. That’s where the LTC/USD is likely to complete the ABCD and W patterns. A lot of exciting aspects have been thrown into the pot by some of the famous specialists within the crypto space. Each team appears to have a strong argument in store, making it all the more fascinating to observe what’s about to unwind towards the end of 2020. Those who see a bullish event are currently playing tug of war with those who foresee a bearish development. Let’s brace for the second half of the year, keeping a closer eye on the fundamental side of the market, in order to capture any change in Litecoin sentiments. Good luck!