Cardano, Litecoin, Monero, EOS, Stellar Lumens Price Analysis

Generally, altcoins are on a downtrend and as long as Bitcoin is under immense sell pressure then they shall continue printing lower lows that’s unless there are specific coin news to jolt prices altering our Litecoin, Stellar Lumens, EOS, Monero or Cardano price analysis

Let’s have a look at these charts:

EOS Price Analysis

Even though EOS is now the fourth valuable coin in the space thanks to the upheavals at Bitcoin Cash, the coin’s valuation is on a decline just like the market is.

After all, as far as altcoin and EOS trading is concerned, investors and general market participants are trending on tight margins and lose ground. By all accounts, bears might be slowing down but our previous EOS/USD trade plan is still valid as long as prices are below $4—our immediate resistance line and previous support.

Like before, it will be ideal if we see a pullback towards $4 providing another opportunity for traders to unload their EOS further fueling drops towards our ideal bear target at $1.5. However, drops below Nov 25 lows of $3 could invite more sell pressure fast-tracking drops towards our bear target.

Litecoin Price Analysis

You can now buy Litecoin and other cryptocurrencies using your credit card at Coingate.

 

LTC/USD Price Analysis

There is a temporary reprieve for Litecoin investors. After days of unforgiving lower lows, LTC/USD is now stable and ranging along $30, our minor support line.

In line with our previous LTC/USD trade plan, we shall retain a bearish outlook but before bears resume trend, LTC might consolidate or bounce back towards $40 before slumping.

But, should that not be the case and prices drop below $30, then we suggest traders to unload LTC once there is a full bar closing below $30. Once that prints then it is likely that LTC will drop to $20.

Stellar Lumens Price Analysis

XLM/USD Price Analysis

After months of horizontal consolidation within a 15 cents range with caps at 30 cents and support at 15 cents, Stellar Lumens finally broke below 15 cents confirming the bear breakout pattern of early June.

Because we now have a clean break below 15 cents support, both set of traders can begin unloading Stellar Lumens according to the last XLM/USD trade plan with first targets at 8 cents despite XLM dropping 90 percent from 2017 peaks.

Safe stops will be at Nov 25 highs at 17 cents but if this stop is hit then we shall revert to neutral.

Cardano Price Analysis

ADA/USD Price Analysis

ADA is down to 10th on the liquidity list following 13 days of declines that has since seen ADA/USD print new lows. From previous ADA/USD price analysis, we had recommended that traders unload their holdings once there are strong losses below the main support—now resistance level at 6 cents.

Now that this has come to pass, traders can continue selling at spot with stops at 4.5 cents and let the trade roll with no definite target. The only time we shall cancel this bearish preview is when there is a clear bullish pump with strong market participation.

Monero Price Analysis

XMR/USD Price Analysis

Yesterday’s nine percent loss mean Monero—XMR is down to 11th and poised for more losses as XMR/USD broke from $70—previous support now resistance.

In a clear bear breakout pattern, we expect bears to step up and drive prices towards Q2 2017 lows of $30. In that case and as the path of least resistance is clear, traders ought to unload XMR with stops at $70 with first targets at $30.

All Charts Courtesy of Trading View

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.



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Ethereum Classic Price Analysis: ETC/USD At Risk Of Break Below $4.00

Key Highlights

  • Ethereum classic price is under pressure below the $5.00 resistance against the US dollar.
  • There is a major bearish trend line formed with resistance at $4.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair is likely to struggle above $4.50 and it could even break the $4.10 low in the near term.

Ethereum classic price declined further against the US Dollar and Bitcoin. ETC/USD could accelerate losses below $4.10 and $4.00 if it fails to climb above $5.00.

Ethereum Classic Price Analysis

During the past few days, there was a sharp decline in ETC price below the $6.00 support against the US dollar. The ETC/USD pair even broke the $5.00 support area and settled well below the 100 hourly simple moving average. The recent rise in selling pressure on Ethereum, ripple and bitcoin sparked more losses in ETC below $4.50. The price even broke the $4.20 support level and formed a new yearly low at $4.08.

At the moment, the price is consolidating losses above the $4.10 level. An initial resistance is the 23.6% Fib retracement level of the recent decline from the $4.91 high to $4.08 low. More importantly, there is a major bearish trend line formed with resistance at $4.50 on the hourly chart of the ETC/USD pair. The trend line is close to the 50% Fib retracement level of the recent decline from the $4.91 high to $4.08 low. Therefore, if the price corrects higher, it may face a strong resistance near the $4.40 and $4.50 levels.

The chart suggests that ETC price is struggling to stay above the $4.10 and $4.08 levels. If there is a downside break below $4.08, the price is likely to accelerate losses below the $4.00 level in the near term.

Hourly MACD – The MACD for ETC/USD is slightly placed in the bullish zone.

Hourly RSI – The RSI for ETC/USD is flat below the 50 level.

Major Support Level – $4.00

Major Resistance Level – $4.50

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Ripple Price Analysis: XRP/USD Could Resume Decline Below $0.34

Key Highlights

  • Ripple price failed to move above the $0.3900 and $0.4000 resistance levels against the US dollar.
  • Yesterday’s crucial bearish trend line is active with resistance at $0.3620 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could decline once again as long as it is below the $0.3620 and $0.3720 resistances.

Ripple price failed to gain traction above key resistances against the US Dollar and Bitcoin. XRP/USD is likely to slide again below $0.3400 in the near term.

Ripple Price Analysis

Yesterday, we saw a minor upside recovery above the $0.3600 level in ripple price against the US Dollar. The XRP/USD pair even traded above the $0.3800 level, but it struggled to clear the $0.3850 and $0.3900 resistances. There was also a rejection noted near the $0.3850 level and the 100 hourly simple moving average. Besides, the price failed to stay above the 61.8% Fib retracement level of the last drop from the $0.4140 high to $0.3125 low.

As a result, there was a fresh decline below $0.3700 and the price moved back in a bearish zone. During the decline, the price broke the 61.8% Fib retracement level of the last wave from the $0.3133 low to $0.3850 high. The price tested the $0.3300 level where buyers emerged. Moreover, the 76.4% Fib retracement level of the last wave also acted as a support near $0.3302. On the upside, an initial resistance is near the $0.3600 level. More importantly, yesterday’s crucial bearish trend line is active with resistance at $0.3620 on the hourly chart of the XRP/USD pair.

Looking at the chart, ripple price is clearly facing a lot of hurdles on the upside near the $0.3600 and $0.3620 levels. On the downside, a break below the $0.3400 level could really increase selling pressure.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slightly placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is just around the 50 level.

Major Support Level – $0.3400

Major Resistance Level – $0.3620

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Ethereum Price Analysis: ETH/USD Resumes Decline Below $110

Key Highlights

  • ETH price failed to break the $119 resistance level and later declined against the US Dollar.
  • There is a crucial bearish trend line in place with resistance at $113 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to extend the current decline below the $105 and $102 support levels.

Ethereum price failed to gain traction and declined against the US Dollar and bitcoin. ETH/USD could even break the $98 low and extend losses in the near term.

Ethereum Price Analysis

Yesterday, we saw a decent recovery above the $115 level in ETH price against the US Dollar. However, the ETH/USD pair failed to gain traction above the $118 and $119 resistance levels. It was rejected near the 61.8% Fib retracement level of the last drop from the $127 high to $98 low. More importantly, there was no close above $118-120 and the 100 hourly simple moving average.

The price was rejected, resulting in a fresh decline below the $115 and $110 levels. Besides, there is a crucial bearish trend line in place with resistance at $113 on the hourly chart of ETH/USD. The pair recently broke the 50% Fib retracement level of the last wave from the $98 low to $119 high. At the outset, the price is following a declining channel with resistance at $106 on the same chart. In the short term, there could be a minor upward move, but upsides are likely to be capped near $110 or $113. On the downside, an immediate support is at $102 followed by $100.

Looking at the chart, ETH price is likely to extend the current decline if sellers remain in control below $110. The price may even break the $100 and $98 levels to post new 2018 lows in the near term.

Hourly MACDThe MACD is currently in the bearish zone.

Hourly RSIThe RSI settled below the 50 level with a negative angle.

Major Support Level – $100

Major Resistance Level – $113

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Bitcoin Cash Price Analysis: BCH/USD Could Climb Again Above $200

Key Points

  • Bitcoin cash price traded higher recently, but it failed to stay above $200 against the US Dollar.
  • There is a key bullish trend line formed with support at $170 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is likely to climb higher once again above $185 as long as it is above $170.

Bitcoin cash price is trading with a positive bias above $160 against the US Dollar. BCH/USD must settle above $185 and $200 to gain bullish momentum.

Bitcoin Cash Price Analysis

There was a solid upward move above the $170 resistance in bitcoin cash price against the US Dollar. The BCH/USD pair broke the key $185 resistance to move into a positive zone. There was a proper break above the 76.4% Fib retracement level of the last slide from the $209 high to $146 swing low. The price spiked above the $200 resistance and traded towards the $209 high.

A new intraday high was formed at $206 and later the price started a downside correction. It declined heavily and trimmed gains below $200 and $185. There was a break below the $180 level and the 100 hourly simple moving average. Moreover, the price breached the 50% Fib retracement level of the last wave from the $146 low to $206 high. On the downside, there is a decent support formed near $170. Besides, there is a key bullish trend line formed with support at $170 on the hourly chart of the BCH/USD pair.

Looking at the chart, BCH price must stay above the $165 and $170 support levels to bounce back once again. On the upside, a proper close above $185 and then $200 is needed for bullish continuation.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is currently flat in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is just above the 50 level.

Major Support Level – $165

Major Resistance Level – $185

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Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 26

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

The digital currencies were relatively stable from early September of mid-November, after which the decline started. Since then, incessant selling dragged the total market capitalization of cryptocurrencies from above $210 billion on Nov. 14, to just below $116 billion on Nov. 25, a fall of close to 45 percent.

After such a waterfall decline, an equally sharp pullback is probable. However, the markets will not switch over from a strong bear phase to a bull phase instantly. Mike Novogratz, ex-Goldman Sachs partner and founder of Galaxy Digital, believes that the cryptocurrencies will stage a turnaround next year.

While the fall has hurt traders’ accounts, it has not stopped the adoption of cryptocurrencies. In an apparent first, businesses in the U.S. state of Ohio will be able to pay their taxes in Bitcoin. This facility may possibly be extended to the individual taxpayers in future, according to the Wall Street Journal (WSJ).

BTC/USD

Bitcoin dropped to a low of $3,620.26 on Nov. 26, from where the bulls attempted a pullback that hit a roadblock just above the $4,200 level. Currently, the bears are attempting to resume the downtrend. The zone between $3,000–$3,500 is an important support and we expect it to hold.

The fall in the last few days has plunged the RSI into deeply oversold levels. Though in a bear phase the RSI frequently stays close to the oversold zone, a reading of 11 on the RSI indicates capitulation.

Usually, such a sharp decline is followed by an equally sharp throwback rally. The BTC/USD pair will face minor resistance at the downtrend line but we expect it to be crossed. The upside targets are a pullback to 38.2 percent Fibonacci retracement level of $4,712.89 and a 50 percent retracement level of $5,050.40. The 20-day EMA is also just above this level and might act as a stiff resistance.

It is difficult to trade the rebound, hence, only experienced traders willing to take a risk should attempt to go long, if the virtual currency sustains $4,250 for about four hours. The stop loss can be kept just below $3,500. As this is a risky trade, use only 30 percent of the usual allocation. On the downside, if the digital currency breaks below $3,620.26, a fall to $3,000 is likely.

XRP/USD

Ripple broke below the support of $0.37185 on Nov. 25, but buying at lower levels helped it recover most of the intraday losses. The bears are currently attempting a sell off once again.

XRP/USD

If successful, the XRP/USD pair can decline to the support line of the channel, which will act as a strong support. However, if the level fails to hold, a retest of $0.24508 is possible.  

On the other hand, if the bulls push prices above $0.37185, a pullback will begin that can extend to $0.43 where we anticipate a strong resistance from the 20-day EMA. We do not find any buy setups; hence, we are not suggesting a trade in it.

ETH/USD

The buyers seem to have deserted Ethereum because there is not even a reasonable attempt to pullback after such a decline.

ETH/USD

On Nov. 25, the bears easily broke below the support of $110. The ETH/USD pair found some support at $102.96 but the pullback has been weak. A break of the $102.96 level can drag the digital currency to $83.  

On the upside, the recovery will face roadblocks at $130 and $140. If these two levels are crossed, a pullback to $158 is possible. However, we do not find any reliable buy setups, hence, it is best to stay on the sidelines.

BCH/USD

As the hash war in Bitcoin Cash is over, we have reintroduced it in our analysis. Due to the fork, we will have to look at it afresh.

BCH/USD

Within a short span of 20-days, the decline has been massive. The bulls are attempting to provide support close to $148.27. If they succeed, a pullback to 38.2 percent Fibonacci retracement and 50 percent retracement of the recent fall is probable.

If the bulls fail, the BCH/USD pair might extend its downtrend. Though it is in uncharted territory, the next major support is at $100. Traders can wait for a bullish pattern to form before initiating any long positions.

XLM/USD

Stellar broke below the critical support of $0.184 and $0.1547188, which is a bearish sign. It found some buying at $0.13427050 but the bulls are struggling to sustain the pullback.

XLM/USD

A breakdown of the Nov. 25 lows will resume the downtrend and push the XLM/USD pair to the next support at $0.08. Any recovery will face a stiff resistance at the $0.184 level. We do not find any reliable buy setups, hence, are not proposing a trade in it.

EOS/USD

Though the RSI is in oversold territory, the bulls could not initiate a recovery in EOS as it continues to trade below the $3.8723 level.

EOS/USD

The immediate support is at $3. If the EOS/USD pair bounces off this support, it will face a minor resistance at the downtrend line, above which $3.8723 will act as a major resistance. If the bears plummet prices below $3, the next support is at $2.40. Traders should wait for a trend reversal before attempting to buy it.

LTC/USD

Litecoin is in a firm bear grip. It broke its support at $32 and fell to a low of $28 on Nov. 25. There has been no reasonable pullback since the decline started on Nov. 14, which shows a lack of buying interest by the bulls.

LTC/USD

Below $28, the next support is at $20, but considering the oversold readings on the RSI, we anticipate a pullback within the next few days.

On the upside, the recovery will face a stiff hurdle at the 20-day EMA. We expect the LTC/USD pair to form a range before starting a new uptrend. Until then, we suggest traders remain on the sidelines.

ADA/USD

Lack of buying pushed Cardano to $0.033065 on Nov. 25. If this support breaks, the slide can extend to the next support at $0.025954.

ADA/USD

The RSI is in deep oversold levels that can result in a pullback that will face resistance in the zone of $0.50 and the 20-day EMA. We shall wait for a confirmed bottom to form and the chart pattern to signal a reversal before suggesting a trade on the ADA/USD.

XMR/USD

Monero broke below the support of $60 and slipped to $54.081 on Nov. 25. If this level is broken, there is a psychological support at $50, below which the slide can reach the $40 level.

XMR/USD

If the bulls hold the support of $54.081 and begin a recovery, the XMR/USD pair can rise to $71 and above that to $81. We expect a strong resistance at $81. Due to the oversold readings on the RSI, we anticipate a recovery within the next few days. However, there are no buy setups yet, hence, we are not recommending a trade in it.

TRX/USD

TRON broke down of the support at $0.0122194 and dipped to an intraday low of $0.01089965 on Nov. 25. The bulls have managed to hold prices close to the Nov. 20 lows but they have not been able to push prices higher.

TRX/USD

The RSI is deeply oversold, which shows that selling has been overdone. A recovery from the current levels can carry the TRX/USD pair to the overhead resistance of $0.01587681, where we expect sellers to step in.

Contrary to our opinion, if the bears continue to pound the digital currency, a fall to $0.00844479 is possible. Traders should wait for a new buy setup to form before buying.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.



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Cardano Price Analysis: ADA/USD Eyeing Upside Break Above $0.042

Key Highlights

  • ADA price declined sharply below the $0.0400 support and traded towards $0.0340 against the US Dollar (tethered).
  • There is a key bearish trend line formed with resistance at $0.0400 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair is likely test the $0.0420 resistance level, which is a crucial barrier for buyers.

Cardano price extended losses before buyers appeared against the US Dollar and Bitcoin. ADA/USD must break $0.0420 to gain upside momentum in the near term.

Cardano Price Analysis

There were further losses below the $0.0450 support in cardano price against the US Dollar. The ADA/USD pair declined heavily below the $0.0400 support and settled below the 100 hourly simple moving average. The price even broke the $0.0360 support and traded close to the $0.0330 level. A new monthly low was formed at $0.0331 and later the price started an upside correction.

It climbed above the $0.0360 resistance and traded with a positive tone. Buyers pushed the price above the $0.0380 resistance. Moreover, there was a break above the 50% Fibonacci retracement level of the recent decline from the $0.0452 high to $0.0331 low. However, the price is now approaching the $0.0400 and $0.0420 resistance levels. There is also a key bearish trend line formed with resistance at $0.0400 on the hourly chart of the ADA/USD pair. A proper break above the $0.0400 and $0.0420 resistances is needed for buyers to gain traction. If they fail to clear the $0.0420 resistance, there could be a fresh decline towards the $0.0360 support.

The chart indicates that ADA price bounced back sharply from the $0.0331 low. There are high chances of more gains once buyers push the price above $0.0420. The next resistance is near the $0.0440 and $0.0450 levels.

Hourly MACD – The MACD for ADA/USD is currently placed in the bullish zone.

Hourly RSI – The RSI for ADA/USD is currently well above the 50 level.

Major Support Level – $0.0360

Major Resistance Level – $0.0420

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Ripple Price Analysis: XRP/USD Facing Uphill Task Near $0.40

Key Highlights

  • Ripple price fell sharply, traded below the $0.3500 support area, and later recovered against the US dollar.
  • There is a major bearish trend line in place with resistance at $0.3750 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to struggle to clear the $0.3900 and $0.4000 resistance levels in the near term.

Ripple price is under heavy selling pressure against the US Dollar and Bitcoin. XRP/USD must break the $0.3750 and $0.3900 resistances to recover further.

Ripple Price Analysis

There was a nasty downside move from well above the $0.4200 level in ripple price against the US Dollar. The XRP/USD pair tumbled and broke the $0.4000 and $0.3500 support levels. There was even a close below the $0.3500 level and the 100 hourly simple moving average. The decline was such that the price traded close to the $0.3100 level. A new monthly low was formed at $0.3126 before the price started an upside correction.

It recovered above the $0.3400 and $0.3500 levels. There was also a break above the 50% Fib retracement level of the recent decline from the $0.4143 high to $0.3126 low. However, the upside move was capped by the $0.3900 resistance and the 100 hourly SMA. Moreover, there is a major bearish trend line in place with resistance at $0.3750 on the hourly chart of the XRP/USD pair. The pair also struggled to settle above the 61.8% Fib retracement level of the recent decline from the $0.4143 high to $0.3126 low. It seems like the price must break the $0.3800, $0.3900 and $0.4000 resistance levels to move back in a positive zone.

Looking at the chart, ripple price is currently under pressure below the $0.3900 resistance. On the downside, the main supports are $0.3550 and $0.3400.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slightly placed in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is just near the 50 level.

Major Support Level – $0.3400

Major Resistance Level – $0.3900

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Ethereum Price Analysis: ETH/USD Rallies Into Resistance Near $118

Key Highlights

  • ETH price declined sharply and even broke the $100 level before recovering against the US Dollar.
  • There is a major bearish trend line formed with resistance at $116 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair needs to surpass the $116 and $118 resistance levels to recover further in the near term.

Ethereum price declined to new lows against the US Dollar and bitcoin. ETH/USD spiked below the $100 level before recovering above $110.

Ethereum Price Analysis

In the weekly analysis, we discussed a sharp downside move towards $100 in ETH price against the US Dollar. The ETH/USD pair did move down and traded below the $115 and $110 supports. The price even broke the $100 level and formed a new yearly low at $98. Later, there was a decent upside correction and the price moved above $100 and $110. There was also a break above the 50% Fib retracement level of the recent decline from the $126 high to $98 low.

However, the price rallied right into a major resistance near $118. Moreover, there is a major bearish trend line formed with resistance at $116 on the hourly chart of ETH/USD. It seems like the previous support near $118 is now acting as a solid resistance. The pair also struggled to settle above the 61.8% Fib retracement level of the recent decline from the $126 high to $98 low. At the moment, the price is moving down towards $112 and is following the same bearish trend line. If there is an upside break above $116 and $118, the price could recover towards the $125-126 zone.

Looking at the chart, ETH price is clearly under a lot of pressure below $118 and $126. If it resumes its slide, there could be more losses towards $100 and $95 in the near term.

Hourly MACDThe MACD is currently in the bullish zone.

Hourly RSIThe RSI is currently placed well above the 50 level.

Major Support Level – $105

Major Resistance Level – $118

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Bitcoin Cash Price Analysis: BCH/USD Rebound Facing Hurdle Near $185

Key Points

  • Bitcoin cash price declined heavily towards $150 before recovering a few points against the US Dollar.
  • There is a major bearish trend line in place with resistance at $185 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair must break the $185, $190 and $200 resistance levels to move into a positive zone.

Bitcoin cash price tumbled and tested the $150 level against the US Dollar. BCH/USD is currently recovering, but it is facing a solid resistance near $185-190.

Bitcoin Cash Price Analysis

There was a sharp downside move from the $200 swing high in bitcoin cash price against the US Dollar. The BCH/USD pair declined more than $50 and traded towards the $150 level. A new yearly low was formed at $147 and the price settled well below the 100 hourly simple moving average. Later, there was an upside correction and the price moved above $150 and $160.

There was a break above the 50% Fib retracement level of the last decline from the $209 high to $147 low. However, the upside move was capped by the $190 level, which was a support earlier. Moreover, there is a major bearish trend line in place with resistance at $185 on the hourly chart of the BCH/USD pair. The pair was also rejected near the 61.8% Fib retracement level of the last decline from the $209 high to $147 low. The price started a fresh decline and it is currently trading below $180. To jump higher, the price must break the $185, $190 and $200 resistance levels.

Looking at the chart, BCH price could decline towards $165 and $160 if there is a break above the $185 and $190 resistances. Above $190, the next hurdles is at $200.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is moving nicely in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is now well above the 50 level.

Major Support Level – $160

Major Resistance Level – $190

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