Home Price Analysis Market Analysis Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin - 02 December

Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin – 02 December

Bitcoin technical analysis: BTC/USD extends to three-day losses out of a bearish flag

  • Bitcoin price is trading in negative territory, down some 1.45% in the second half of the session. 
  • BTC/USD failed to break down chunky supply heading into the $8000 price territory. 
  • The price is running at three consecutive sessions in the red, following a bearish flag breach. 

BTC/USD daily chart

The price has breached a bearish flag structure and is extending to the downside. 

BTC/USD 60-minute chart

Price action via the 60-minute chart view has broken out to the downside from a pennant and is currently retesting. 

Spot rate:                  7300.02

Relative change:      -1.40%

High:                          7427.74

Low:                           7161.94

Ripple Technical Analysis: XRP/USD important support level in focus

  • XRP/USD trades 3% lower today as the crypto market turns bearish again.
  • The 0.2180 previous wave low support level will now be in focus.

Ripple is looking bearish today and on the hourly chart the previous wave low is under threat.

On the chart there is also a converging channel line to be aware of for support.

The market has rejected the lows and pushed up higher over 2 candles but this happens in cryptos watch out for a break.

XRP/USD Daily Chart 

This is how the level looks on the daily chart and if the wave low breaks it could open up a move to the lows near the 0.20 psychological level.

A move beyond that point to take Ripple to new lows. The price is really in a tough zone at the moment.

Litecoin Price Prediction: The bears are in control

  • Litecoin’s extreme downtrend could continue if the 42.50 level breaks.
  • Wave after wave is breaking on the downside and the bulls failed to break 50.00.

Litecoin is still in a depressed state. The bears have come into control once again after 50.00 was rejected.

The next level on the downside that will give us clues is 42.50.

The RSI is also looking to move into an oversold zone.

LTC/USD Additional Levels

LTC/USD

OVERVIEW
Today last price45.3386
Today Daily Change-2.2565
Today Daily Change %-4.74
Today daily open47.5951
TRENDS
Daily SMA2052.8429
Daily SMA5055.4214
Daily SMA10060.6261
Daily SMA20083.1739
LEVELS
Previous Daily High48.5063
Previous Daily Low45.619
Previous Weekly High49.439
Previous Weekly Low42.351
Previous Monthly High66.2492
Previous Monthly Low42.351
Daily Fibonacci 38.2%47.4034
Daily Fibonacci 61.8%46.722
Daily Pivot Point S145.974
Daily Pivot Point S244.3529
Daily Pivot Point S343.0867
Daily Pivot Point R148.8612
Daily Pivot Point R250.1274
Daily Pivot Point R351.7485

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