June 19, 2021

Crypto Price Analysis & Overview December 4th: Bitcoin, Ethereum, Ripple, Bitcoin Cash & Litecoin

4 min read

Bitcoin experienced a strong 10.6% cost surge this past week as the cryptocurrency is trading at $19,000. It had recovered from the $17,186 level last Friday and started to press greater over the weekend. The coin went on to scratch the previous ATH level of $19,907 (Coinbase price) on Monday.

Unfortunately, it turned away from the ATH and headed lower on Tuesday into the $18,330 support (.236 Fib Retracement). It has given that bounced greater to re-test the ATH-day closing rate at $19,646 but might not break there and dropped to $19,000 today.

Looking ahead, if the purchasers can hold $19,000 and press higher, the very first level of resistance lies at $19,656 (ATH-day closing rate). The ATH expense follows this at $19,907. Above it, resistance lies at $20,000, $20509, $20,881, $21,000, and $21,162.

On the other side, if the sellers push below $19,000, assistance lies at $18,330 (.236 Fib), $18,999, $17,186 (2018 Highs), and $16,567 (.5 Fib Retracement).

BTC/USD Daily Chart

Source: TradingView Ethereum saw a strong 13.2% rate hike today as it presently trades at$ 586. The coin had rebounded from the assistance at$ 520 last Friday as it rose into the resistance at $620 again today. ETH made two efforts to break the resistance at $620 and quit working on both events. It has really considering that dropped to trade at around$ 585 today.

Looking ahead, if the sellers break$ 585, the first level of support lies at$ 560 (.236 Fib). Above this, resistance lies at$ 620( 1.414 Fib Extension),$ 650,$ 665, and$ 675( bearish.786 Fib Retracement). Source: TradingView Versus Bitcoin, Ethereum managed to rebound from the assistance at 0.03 BTC(.5 Fib) last Friday as it pushed higher to reach throughout the December duration so far, Etheruem has actually been rangebound in between 0.032 BTC and 0.0308 BTC and must break this range to figure out the marketplaces next guidelines. Above this, resistance lies at 0.033 BTC, 0.0337 BTC (March 2018 Support ), and 0.035 BTC. On the other side, the first level of support lies at 0.0308 BTC(.382 Fib). underneath this, support is found at 0.0305 BTC (100-day EMA), 0.0299 BTC(.
.5 Fib ), and 0.0291 BTC(.618 Fib).

ETH/BTC Daily Chart. Source: TradingView Ripple saw a smaller sized 7.6% rate hike over the previous week however came over a steel 10% over the previous 24 hours as it trades at$ 0.55( 2019 Highs ). The coin attempted to press greater throughout the week after rebounding from $ 0.5 last Friday. It handled to break as high as $0.67 but was unable to close a daily candle light above here. Yesterday, it pleased resistance at$ 0.648( bearish.786 Fib) and rolled over to strike the $0.556 support today. Proceeding, if the sellers break the 2019 highs at$ 0.556, the really first level of assistance lies at $0.5(.5 Fib). Underneath.

On the other side, the first level of resistance lies at $0.6. This is followed by$ 0.648( bearish.786 Fib ),$ 0.68,$ 0.718 (bearish.886 Fib ), and$ 0.75. The coin began the week by trading near the 3600 SAT level however has considering that dropped to 3000 SAT.

Today, it broke below crucial support at 3220 SAT(.382 Fib) to strike 3000 SAT. Looking ahead, if the sellers break 3000 SAT, the very first level of assistance lies at 2900 SAT(.5 Fib). Below this, support is discovered at 2585 SAT(.618 Fib), 2450 SAT, and 2200 SAT the support around above this,$ 318.90( bearish.5 Fib),$ 341( 1.272 Fib Extension), and $351( March High-Day Closing Price). Source: TradingView Against Bitcoin, BCH dropped lower from 0.016 BTC to reach the existing support at 0.0148(.786 Fib Retracement). Looking ahead, if the sellers press underneath 0.0148 BTC, the really first level of assistance lies at 0.0142 BTC (.886 Fib )
, resistance is first anticipated at 0.016 BTC. This is followed by resistance at 0.017 BTC( bearish.236 Fib), 0.018 BTC, and 0.0191 BTC( bearish.382 FIb and 100-days EMA). By Tuesday, it had actually reached the resistance at $89.35 (1.618 Fib Extension).

When Litecoin re-attempted to break $89.35, the really exact same thing happened today. The buyers were not able to close an everyday candle light above the resistance, which activated it to roll over and reach the existing $83.10 level.

Progressing, if the sellers drop the price lower, the first level of support lies at $80. Beneath this, $77.75 (.382 Fib), $72.65 (.5 Fib), an increasing pattern line, and $69 will supply support.

On the other side, resistance lies at $84.22. Above this, resistance is discovered at $89.35, $96, $100, and $101.
Source: TradingView Against Bitcoin, Litecoin had risen higher from 0.004 BTC just recently as it broke above the 100-days EMA to reach the resistance at 0.00462 BTC( bearish.5 Fib Retracement). This is followed by 0.00434 BTC(.5 Fib), 0.00417 BTC(.618 Fib ), and 0.004 BTC. On the other side, resistance is initially anticipated at 0.00462 BTC. This is followed by 0.0047 BTC (.200- days EMA), 0.00486 BTC (bearish.618 Fib Retracement), and 0.005 BTC.

LTC/BTC Daily Chart. Source: TradingView

Above this, resistance lies at$ 620( 1.414 Fib Extension),$ 650,$ 665, and$ 675( bearish.786 Fib Retracement). Above this, resistance lies at 0.033 BTC, 0.0337 BTC (March 2018 Looking ahead, if the sellers press underneath 0.0148 BTC, the extremely first level of assistance lies at 0.0142 BTC (.886 Fib ). This is followed by resistance at 0.017 BTC( bearish.236 Fib), 0.018 BTC, and 0.0191 BTC( bearish.382 FIb and 100-days EMA).

Source: TradingView Against Bitcoin, Litecoin had increased higher from 0.004 BTC just recently as it broke above the 100-days EMA to reach the resistance at 0.00462 BTC( bearish.5 Fib Retracement).