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Cryptocurrencies have been on a tear these days, but can bitcoin and its buddies bust through these long-term inflection points?

BTC/USD: 4-hour

BTC/USD 4-hour Chart
BTC/USD 4-hour Chart

Bitcoin seems unstoppable in its climb as it surged past the $9,000 major psychological level and has made its way to the key area of interest near the $10,000 barrier.

Applying the Fibonacci retracement tool on the swing high and low on the 4-hour time frame shows that the former support zone lines up with the 50% level, which might be enough to keep gains in check. At the same time, stochastic is dipping into overbought territory to indicate that buyers are feeling tired.

In that case, bitcoin could still resume its drop from here, probably setting its sights on the swing low or nearby support zones near the $8,000 level. A break past current levels, on the other hand, could spur a rally all the way up to the swing high near $12,000.

ETH/USD: Daily

ETH/USD Daily Chart
ETH/USD Daily Chart

Ethereum bulls continue to charge, taking it up to an area of interest visible on the daily time frame. This is around the $750-800 level that previously held as strong support.

This also coincides with the 61.8% Fibonacci retracement level that might hold as a ceiling and push ethereum back to the swing low. Stochastic is indicating overbought conditions, after all, so sellers could be eager to return.

LTC/USD: 1-hour

LTC/USD 4-hour Chart
LTC/USD 1-hour Chart

Litecoin has been forming higher highs and higher lows, moving inside an ascending channel formation on the 1-hour time frame. Price is currently testing the resistance and might be due for a dip soon.

Stochastic is moving up but nearing overbought levels, suggesting that bulls could take a break and let sellers take over. In that case, litecoin could retreat back to support near $152, which lines up with a short-term area of interest.

On the other hand, if bulls stay strong, price could break past the current consolidation pattern around $164 to start a steeper ascent.

XRP/USD: 4-hour

XRP/USD 1-hour Chart
XRP/USD 4-hour Chart

Ripple is in yet another triangle pattern on its short-term time frame as bulls and bears wait for the next big catalyst to determine direction. This time, price has formed higher lows and found resistance around .9350 to create an ascending triangle formation.

Stochastic has been hovering around overbought levels to signal exhaustion among buyers, so a move back to support could be seen. If selling pressure is strong enough, a break below the triangle bottom could be due, leading to a drop of the same height as the triangle.

A break past the resistance, on the other hand, could spur another leg higher if risk sentiment continues to support more gains.

A bit of fair warning, though. There is a considerable amount of risk in trading cryptocurrencies due to their inherent volatility and sensitivity to headlines. Be careful out there!