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Litecoin Price Prediction: LTC/USD Aims to Make a Breakout Attempt Above $90 Level

Litecoin Price Prediction: LTC/USD Aims to Make a Breakout Attempt Above $90 Level

LTC Price Prediction – November 30

LTC/USD may continue to set a bullish run if the market can climb back above the $90 resistance level.

LTC/USD Market

Key Levels:

Resistance levels: $95, $100, $105

Support levels: $70, $65, $60

LTCUSD – Daily Chart

According to the daily chart, LTC/USD is currently showing a positive movement over the past few hours. The market is actually running a little retracement move towards $90 with price growth of 9.18%. Apart from today’s gain, Litecoin (LTC) is still maintaining an upward movement within the channel and traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.

What to Expect from Litecoin (LTC)

If the price can keep respecting the upward movement, we can then expect a bullish continuation after testing the $75 support. As the technical indicator, RSI (14) crosses above the 9-day moving average; the potential resistance levels are located at $95, $100, and $105 in the long-term.

However, should in case the coin continues to maintain the rising channel pattern, traders may witness a more bullish trend. Meanwhile, looking at the price formation, a bearish breakout may likely play out for this market and this could roll the coin back to the long-term support at $70, $65, and $60 levels. Therefore, a continuous fall might further lead to a violent break below $55.

Against Bitcoin, the buyers are gradually stepping back into the market as the coin is trying to show some promising signs that could make higher highs should it continue to move above the 9-day and 21-day moving averages. From the upside, the nearest level of resistance lies at 4800 SAT and above this, higher resistance lies at 5000 SAT and 5200 SAT.

LTCBTC – Daily Chart

In other words, from the downside; the nearest support level is below the moving averages at 4100 SAT and beneath this, further support lies at 4000 SAT. If the price drops further to create additional low, lower support may be located at 3800 SAT and 3600 SAT. The RSI (14) has already crossed above the 50-level which shows that the bulls are building up.

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Bitcoin Price Prediction: BTC/USD Rebounds above $17,000 Low, Revisits the $19,400 High

Bitcoin Price Prediction: BTC/USD Rebounds above $17,000 Low, Revisits the $19,400 High

Bitcoin (BTC) Price Prediction – November 29, 2020
On November 26, after the breakdown, the bearish candlesticks were closed with long tails. The long tails indicate that the bulls have bought the dips as the support level holds. Today, BTC/USD is trading above the $18,000 price level. Bitcoin is moving up to retest the previous highs.

Resistance Levels: $13,000, $14,000, $15,000
Support Levels: $7,000, $6,000, $5,000

BTC/USD – Daily Chart

Bitcoin upward move above $18,000 is facing rejection. Today, a candlestick with a long wick pointing at $18.300 is facing resistance. It indicates that there is selling pressure at that price level. Similarly, on November 18, at that price level, buyers were repelled. However, after a pullback the resistance level was retested and broken. On the upside, if the bulls can push BTC above $18,300, a rally above $19,000 is likely. However, if buyers fail to resume the upside momentum, Bitcoin will be compelled to a sideways move. Perhaps a downward movement of the coin is likely.

Bitcoin (BTC) Indicator Reading
The 21-day SMA and the 50-day SMA are pointing northward indicating the uptrend.The 21-day SMA is acting as a support for the BTC price. A break below the SMAs means a downward movement of the coin.Meanwhile, BTC price is above 80% range of the daily stochastic. It indicates that the coin is trading in the overbought region of the market.

BTC/USD – 4 Hour Chart

Nevertheless, buyers are attempting to push BTC on the upside. The Fibonacci tool indicates a possible move of the coin. On November 18 uptrend; the retraced candle body tested the 78.6% Fibonacci retracement level. This retracement indicates that the market will rise to level 1.272 Fibonacci extensions. In other words, Bitcoin will rise to $19,145 and reverse. BTC price will reverse and return to the 78.6% Fibonacci retracement level where it originated.

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Bitcoin Price Prediction: BTC/USD Back Above $17,500 Level as the King Coin Recovers

Bitcoin Price Prediction: BTC/USD Back Above $17,500 Level as the King Coin Recovers

Bitcoin (BTC) Price Prediction – November 27

According to the daily chart, the Bitcoin (BTC) remains bullish but could still see some sideways movement before it takes off again.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $19,500, $19,700, $19,900

Support Levels: $16,200, $16,000, $15,800

BTCUSD – Daily Chart

BTC/USD is now back on track as the market price trades near the previous resistance level of $18,000, after sharply correcting to a low of $16,200 a few days ago. More so, the first digital asset appears unstoppable in the last couple of weeks, climbing higher every single day with only a few retracement periods. The volatility in the cryptocurrency market is extremely high right now with some altcoins jumping up and down as the RSI (14) remains above the 60-level.

Would Bitcoin (BTC) Keep the Uptrend?

BTC/USD has been outperforming pretty much almost any other asset in the market. Bitcoin seems to be only facing one major barrier at $19,890 and cracking the all-time high could be a major achievement for the bulls which may potentially push the Bitcoin price towards the $20,000 level. However, if the bulls refused to reclaim the $18,000 level in the near-term, it could mean that a decline towards the support at $16,500 is imminent.

Therefore, if this level is broken, it could strike a serious blow to the cryptocurrency’s technical outlook. Meanwhile, an increase in selling pressure could see the Bitcoin drop to the supports of $16,200, $16,000, and $15,800 respectively. In other words, if the bulls continue to push the coin, crossing above the 9-day moving average may likely reach the resistance levels of $19,500, $19,700, and $19,900 as reveals by the technical indicator.

BTC/USD Medium-Term Trend: Bearish (4H Chart)

According to the 4-hour chart, BTC/USD may continue to move sideways as the technical indicator RSI (14) is seen moving in the same direction above the 50-level. If the market price stays above the 9-day and 21-day moving averages, it may persistently trade above the $18,500 resistance level in the nearest term.

BTCUSD – 4 Hour Chart

Meanwhile, BTC/USD is currently trading above the moving averages. The upward movement is likely to push the price to the resistance levels of $19,200 and above while the immediate support lies below the moving averages at $16,700, $16,500, and $16,300 levels.

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Bitcoin Price Prediction: BTC/USD Resumes Rally, Reaches a Striking Distance Against the $20,000 Psychological Price Level

Bitcoin Price Prediction: BTC/USD Resumes Rally, Reaches a Striking Distance Against the $20,000 Psychological Price Level

Bitcoin (BTC) Price Prediction – November 25, 2020
Yesterday, Bitcoin rebounded above $18,400 as price broke the $18,800 overhead resistance. BTC price rallied to $19,400. The king coin is now a striking distance to the psychological price level. Today, BTC/USD is trading at $19,144 at the time of writing.

Resistance Levels: $13,000, $14,000, $15,000
Support Levels: $7,000, $6,000, $5,000

BTC/USD – Daily Chart

On November 24, Bitcoin resumed its rally as price rallied to $19,400. Before now BTC has been in a downward correction. The price has been fluctuating below the $18,800 resistance for the past four days. Buyers were unable to push BTC above the overhead resistance. Yesterday, a strong bounce above $18,400 propels the price to break the $18,600 and 18,800 resistances.

BTC is now trading above $19,000. After reaching the $19,400 resistance zone, BTC retraced and found support above the $18,850 price level. The coin has resumed upward move to retest the recent high. On the upside, if buyers can push BTC above $19,400, the coin will rally above $20,200. In the previous price action at the $18,800 resistance, BTC took more than three days of correction before resuming upside momentum.

Bitcoin (BTC) Indicator Reading
Bitcoin is at level 80 of the Relative Strength index period 14. Since October 21, BTC has been trading in the overbought region of the market. The coin has been trading in a strong bullish momentum. However, the overbought conditions do not hold as BTC has been trading in a strong trend market. The 21-day and 50-day moving averages are pointing northward indicating the uptrend

BTC/USD – 2 Hour Chart

Nevertheless, Bitcoin has resumed the upside momentum as bulls break the $18,800 resistance. Meanwhile, the Fibonacci tool indicates a possible upward move of the coin. On November 24 uptrend; the retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the market will rise to level 1.618 Fibonacci extensions. In other words, Bitcoin will rise to $20,205 high.

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