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Litecoin Price Prediction: LTC/USD Breaks the Downtrend; Maintains the Price around $44

Litecoin Price Prediction: LTC/USD Breaks the Downtrend; Maintains the Price around $44

Last Updated on December 5, 2019

LTC Price Prediction – December 5

Litecoin maintains its price around $44 despite the 0.34% gain within the last 24 hours. The price may likely touch $46 as its next resistance.

LTC/USD Market

Key Levels:

Resistance levels: $50, $52, $54

Support levels: $40, $38, $36

LTCUSD – Daily Chart

LTC/USD is still trapped in an incredibly narrow trading range after a bullish rally failed to materialize. In fact, the cryptocurrency is trading in its tightest eleven days trading band since late last month year. An early day rally towards the $46 level failed to generate sustainable gains, with the LTC/USD pair soon slipping back under the $45 level.

The more the LTC/USD pair fails to recover from the current trading levels, the greater the chances that we will see cryptocurrency falling to a new multi-month trading low. A break below the $42 support level may provoke an even deeper decline towards the $40, $38 and $36 levels. Short-term technical analysis shows that the $44 and $43 levels are currently the strongest forms of technical support before the $41 level starts to come into focus.

Moreover, the daily chart highlights that the LTC/USD pair’s 9-day moving average, at the $46 level, is a key technical region which bulls need to break. The cryptocurrency’s 21-day moving average is located at the $50, $52 and $54 resistance levels, and a move above this key technical metric should encourage further LTC/USD buying.

Furthermore, the MACD for LTC is still in the negative zone, which still shows signs of weakness in the market.

Against BTC, looking at the price movement, we can see that Litecoin is significantly bearish on the daily price chart. Now that the price is falling, the sellers are posing more threat to the 6046 SAT support level where the nearest target lies. However, an eventual break may lead to the collapse of Litecoin.

LTCBTC – Daily Chart

However, a further bearish continuation will likely meet the major support at 5800 SAT before falling to 5700 SAT and 5600 SAT while the buyers may likely push the market to the critical potential resistance at 6400 SAT, 6500 SAT and 6600 SAT respectively. The stochastic RSI has remained inside the oversold territory. LTC will continue to drop if the sellers continue to release the pressure.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Bitcoin Cash Price Prediction: BCH/USD Remains Above $210 After Declining by More Than 0.89%

Bitcoin Cash Price Prediction: BCH/USD Remains Above $210 After Declining by More Than 0.89%

Last Updated on December 3, 2019

BCH Price Prediction – December 3

BCH/USD seems to have a support level at $210; gearing up for a rebound.

BCH/USD Market

Key Levels:

Resistance levels: $235, $245, $255

Support levels: $190, $180, $170

BCHUSD – Daily Chart

Since yesterday, Bitcoin Cash has been ranging between $212 to $224 levels and currently, the coin is aiming to trade above $215. Over the last two days, BCH/USD has gone through a substantial price fall. BCH coin was firmly above $223 when it opened on the last day of November, and it slipped below $221 before noon. Continuing the decline, the coin closed as low as $218.19. Yesterday, after touching a support level at $209, the Bitcoin Cash had shown a price escalation above $216.

Moreover, Bitcoin Cash has maintained a downward trend for the better part of today. Over the past few days, the highest recorded Bitcoin Cash (BCH) value was approximately $215 and it dropped almost suddenly in less than an hour to go below the $215 level. The market broke down today, reaching its lowest daily level at $211. The current performance of the coin in the market is below the normal expectations of traders and the coin could soon recover from these downtrends.

However, if the market drives below the $200 support, the BCH price may likely see support levels at $190, $180 and $170, bringing the price to a new low. Meanwhile, a strong buying pressure may take the price to $255 resistance. While trading at $255, a bullish continuation may likely reach the resistance levels of $235, $245 and $255. In other words, the RSI (14) is near 37 moving in the same direction.

Comparing with Bitcoin, the daily chart reveals that the traders are yet to show a strong commitment to buying in the market. Meanwhile, in as much as the bulls turn strong now, we may expect the market to skyrocket to the resistance levels of 0.0300 BTC and 0.0305 BTC.

BCHBTC – Daily Chart

In addition, the 0.0280 BTC and 0.0275 BTC levels may likely produce support for the market should in case the buyers couldn’t push the price to the north. The BCH/BTC pair may continue to remain in a downward range while the MACD signal lines are already on the negative side.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Ripple Price Prediction: New Month Low May Come to Play as XRP/USD Drops Below $0.230

Ripple Price Prediction: New Month Low May Come to Play as XRP/USD Drops Below $0.230

Last Updated on December 1, 2019

XRP Price Prediction – December 1

Currently, the Ripple price is following a downward movement, trading below the $0.230 resistance level.

XRP/USD Market

Key Levels:

Resistance levels: $0.240, $0.245, $0.250

Support levels: $0.200, $0.195, $0.190

XRPUSD – Daily Chart

XRP/USD price is slowly declining below the key supports as the price might revisit the $0.210 support before it could start a fresh increase for the new month. Notwithstanding, after struggling to stay above $0.228, XRP/USD started a slow and steady decline. The coin traded below the key $0.225 support level to move into a short term bearish zone.

Moreover, the pair is currently changing hands at $0.221 and as the coin is already trading below the 21-day moving average, any attempt to make it close below the 9-day moving average, this may open the doors for more downsides and the price could spike below the $0.215 support level.  However, we should keep an eye on the $0.230 and $0.235 before creating a new bullish trend at the resistance levels of $0.240, $0.245 and $0.250.

Furthermore, we may experience a quick buy once the trade reaches the support at $0.230. And if the price fails to rebound, then a bearish breakout is likely to trigger more selling opportunity for traders, which might cause the price to retest $0.210 and could further drop to $0.200, $0.195 and $0.190 support levels respectively. Meanwhile, the MACD indicator is extremely on the negative side. If the price moves downward, XRP may definitely fall more.

Comparing with Bitcoin, Ripple (XRP) is demonstrating some positive signs within the descending channel and trading below the 9-day and 21-day moving averages. More so, the buyers are trying to push the price towards the moving averages and the bullish continuation may likely take it to the resistance levels of 3150 SAT and 3250 SAT respectively.

XRPBTC – Daily Chart

However, looking at the daily chart, should in case the bulls failed to push the price to the north, then the bears may likely step back into the market and bring the price below the channel to the nearest support levels at 2850 SAT and 2800 SAT. Meanwhile, the RSI (14) moves above level 40, which indicates that the bullish movement may continue.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Ripple Price Prediction: XRP/USD Sustains the Rebound; Targets $0.25 Price Mark

Ripple Price Prediction: XRP/USD Sustains the Rebound; Targets $0.25 Price Mark

Last Updated on November 29, 2019

XRP Price Prediction – November 29

The technical indicator is set to enter the bullish zone as the Ripple price trades around $0.229.

XRP/USD Market

Key Levels:

Resistance levels: $0.25, $0.27, $0.29

Support levels: $0.20, $0.18, $0.14

XRPUSD – Daily Chart

After the November 25 bullish reversal, the XRP/USD has continued to post substantial growth. Earlier today, the price has gone up from $0.222 to $0.239 before reversing back to where it is currently trading at the time of writing. More so, although the market remains bullish in the near term as the price changes have caused the XRP to fall back to $0.229. Looking at the current price gain of 2.64%, the third-largest cryptocurrency may continue its upward trend if the $0.220 could continue to provide support.

Moreover, XRP/USD has consistently maintained a high rise and a minimal decline in recent days, causing the market to touch $0.240 on November 27. Ripple (XRP) is now trading around $0.229 after a slight downturn in the market. Despite this decline, the XRP/USD market moves around 9-day MA but below 21-day MA as the stochastic RSI indicator moves above 40-level. The daily breakdown shows that the intraday support and resistance lie between $0.210 and $0.240 respectively.

Therefore, since the XRP/USD is moving bullishly on short-term outlook, traders can expect the trend to keep advancing higher if the price actions still remain inside the channel. A channel breakout could strengthen bulls and push the price to the resistance levels of $0.250, $0.270 and $0.290 or a channel breakdown might lead the market in a bearish scenario if the price begins to fade and the closest supports to keep an eye on are $0.200, $0.180, and potentially $0.160.

When compared with BTC, the pair is following a downtrend within the channel and moving below the 9-day and 21-day moving averages. Meanwhile, should in case the movement continues as shown on the daily chart, breaking down the lower boundary of the channel may take the market price to the support levels of 2850 SAT and 2750 SAT respectively.

XRPBTC – Daily Chart

Moreover, if the bulls can hold the price as it is now and push it towards the north, the Ripple (XRP) may likely rise above moving averages and the nearest resistance levels for the coin are 3100 SAT and 3200 SAT but the stochastic RSI moves into the oversold zone, which indicates the continuation of the bearish movement.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Ethereum Price Prediction: ETH/USD Climbs Slightly Above $150; Will it Sustain or Fall Back?

Ethereum Price Prediction: ETH/USD Climbs Slightly Above $150; Will it Sustain or Fall Back?

Last Updated on November 28, 2019

ETH Price Prediction – November 28

Ethereum (ETH) is likely to have a bright future, and it may touch its high before this year ends.

ETH/USD Market

Key Levels:

Resistance levels: $170, $175, $180

Support levels: $130, $125, $120

ETHUSD – Daily Chart

Today, Ethereum is among the biggest single-digit gainers following a breakout. The breakout emanated from an inverted head-and-shoulders pattern that formed after a short-lived recovery from the recent low at $132.04. ETH/USD stepped above $150 and paced towards $160. However, a high formed at $156.31 stalled the momentum.

Currently, the price of Ethereum is trying to break the trend line above the 9-day moving average, gradually gaining to maintain its movement. Ethereum price action has formed a small uptrend as a result of the breakout above the 9-day moving average. This is an indication that there are predominantly buyers around market price and selling momentum has come to a halt. Looking at the daily chart, ETH/USD is initially supported by $130 and it is closely followed by $125.

Once these support levels are cleared, the sell-off is likely to gain traction with the next focus on $120. On the upside, the local resistance is created by psychological $170 and followed by the recent high of $175. This resistance level is likely to limit the recovery for the time being. However, once this is eliminated, the momentum should accelerate with the next focus on $180. The stochastic RSI is now in favor of the bulls, which is a good sign.

Against Bitcoin, Ethereum has clearly encountered difficulties, especially in recent weeks. Ethereum recently broke under solid support at 0.0202 BTC and could continue to subsequently decline to support levels below 0.0195 BTC and 0.019 BTC to reach its potential support around 0.0185 BTC and below. The arguments for the bulls seem very serious right now.

ETHBTC – Daily Chart

However, if the bulls manage to power the market, they may soon find the price at $0.0210 BTC, $0.0215 BTC, and $0.0220 BTC. Now, we can say the bulls may soon re-enter into the market once the stochastic RSI leaves the oversold zone after the price has fallen towards the support levels.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Litecoin Price Prediction: After Defending $45 Crucial Support, LTC/USD Get Ready for $50

Litecoin Price Prediction: After Defending $45 Crucial Support, LTC/USD Get Ready for $50

Last Updated on November 28, 2019

LTC Price Prediction – November 28

It is likely for the Litecoin (LTC) to settle in a range between $46 and $50 as the technical indicator RSI (14) moves in the same direction.

LTC/USD Market

Key Levels:

Resistance levels: $53, $55, $57

Support levels: $42, $40, $38

LTCUSD – Daily Chart

In the last few days, LTC/USD has managed to regain some ground amid technical correction from oversold territory to where it is currently. More so, after the coin recovered from the sharp sell-off, the range of the price swings has been between $43.90 and $47.94. Litecoin bulls took advantage of the low price to get more positions. For now,  the momentum has not been strong enough to convince the bulls that the reversal is significant.

Looking at the chart, the Litecoin has lost its value since June highs of about $146. Halving in August did little to stimulate growth. Instead, the coin continued to reduce its value below several key support levels, including $80, $60, and the recent break below $50. After the breakdown, the $42 level emerged as a critical support level.

Meanwhile, the perspective strong resistance is now created near the 9-day moving average at $48.19 level. It could go beyond this and take the price towards the potential resistance level of $53 around the 21-day moving average. The next resistance comes at $55 and $57 levels. On the other hand, a sustained move below the $43.90 intraday level will pave the way for $42 support.

However, the next support levels to watch for could be $40 and $38 respectively but the RSI (14) indicator moves in the same direction below the 40-level.

When compared with Bitcoin, the Litecoin price is making effort to push the price towards the 9-day moving average in other to reach the support turned resistance at 6553 SAT. Unless this resistance is effectively breached and the price ends up closing above it, there might not be any reason to expect the long-term bullish reversal.

However, trading under the 6341 SAT support level and crossing below the lower boundary of the channel may likely bring a possible bearish continuation that will meet the major support at 6150 SAT before falling to 6060 SAT and below while the buyers may push the market to the potential resistance level of 6700 SAT and above. Meanwhile, the stochastic RSI may soon be coming out of the oversold zone to give support to the bulls.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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