Bitcoin crossed the $19,000 mark on Tuesday, November 24 and after 4 days bitcoin price witnessed a 15% correction, after which the price of the remaining altcoin was seen to fall significantly. Today we will tell you about the Bitcoin Ethereum, XRP, Litecoin, Cardano and Electroneum current price analysis and prediction through Technical Analysis.
BTC overall trend is bullish. It is just a minor correction and real bearish on higher time frame correction will form only if it trades below $15967. IN order to be bullish it has to trade above $17535 and targets are mentioned and supports are 16480-16180$.
ETH my next views according to 1h time frame it is in triangle and still there are many sellers up at $552-$594 even if it breaks the triangle it may get rejected at $534. No bullish momentum yet. Next key support is $466-$478. If it breaks then $440-$417.
XRP/USDT please note that bullish not yet started and it is getting rejected from downward trend line. XRP is bullish above $0.58. Supports are $0.500-$0.457. But When we look at weekly chart and monthly chart ,they are yet to complete their monthly and weekly candle. In 2 days showing long wick rejections indicating more sellers at key areas.
If it tends to be positive it would still be bearish as we cannot anticipate where the top and bottom would be. Here are my next views on XRP.
LTC after a great fall, no sellers are active around $77-$80. They might push the price to $64 area support. Downward supports are mentioned as well. Current situation of Litecoin is in sideways from $72$-$65. Either side break out would possibly take price either down or up.
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If LTC break $72 then up targets.
If LTC break below $64 then down targets.
ADA/USDT after a fall, it is a pull back towards reversal zones slightly bullish above $0.146 towards $0.01533-$0.01613. Break down of the trend will lead to downward selling pressure and main key support here we see is $0.1148. Below this bearish momentum we might see.
ETN/USDT as we can see it is in a downward consolidating channel. Minor support would be $0.00423. Resistence at $0.0068-$0.070. It should break $0.006 to be bullish and if breaks trend line with in channel then down targets.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CoinGyaan. Every investment and trading move involves risk. You should conduct your own research when making a decision.