Preparing data for you could take a moment.
Thank you for your patience.
It is worth the wait.
We frequently make our website faster.
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.

Source

Litecoin Price Prediction: LTC/USD Breaks Overhead Resistance at $84 but Shows Little Strength on the Upside

Litecoin Price Prediction: LTC/USD Breaks Overhead Resistance at $84 but Shows Little Strength on the Upside

Litecoin (LTC) Price Prediction – November 23, 2020
LTC/USD has broken above the overhead resistance at $84. The uptrend has been repelled as price fluctuates between $78 and $87.50.In a nutshell, the LTC/BTC is in an uptrend as the crypto reached a high of Ƀ0.004600.

LTC/USD Market

Key Levels:
Resistance Levels: $80, $100, $120
Support Levels: $50, $40, $20

LTC/USD – Daily Chart

On November 21, LTC rebounded to break the overhead resistance at $84. The bulls could not continue with the uptrend as it was repelled at $87.50. In the meantime, price is fluctuating between $78 and $87.50. For the upside momentum to resume, buyers have to sustain the bullish momentum above the $84 support. A rebound above the $84 support will propel price to reach the $100 high. Conversely, if they fail to hold the $84 support, the crypto will slide down to $76 support.

Subsequently, the downtrend will resume. Presently, LTC is fluctuating in the price range as the bulls and bears decide the next move.Meanwhile, there is a possibility of the coin rising if the current resistance is broken. On November 18 uptrend the coin was resisted. The retraced candle body tested the 78.6% Fibonacci retracement level. This implies LTC will rise and reverse at level 1.272 Fibonacci extensions. That is the high of $86.84

Litecoin Indicator Analysis
The price bars are well above the SMAs which indicates a possible rise of the coin. However, if price breaks below the SMAs the coin is likely to fall. LTC is above the 40% range of the daily stochastic. It implies that the coin is in a bullish momentum.

LTC/BTC – 4 Chart

On the LTC/BTC chart, the crypto is in an uptrend. The price of the coin is making a series of higher highs and higher lows. The crypto has risen to level Ƀ0.004600. There are chances of further upward movement of the coin. On the November 19 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. It indicates that the market will rise to level 2.0 Fibonacci extension or Ƀ0.005283 high.

Source