• Latest
Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin: Price Analysis, Nov. 28

Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin: Price Analysis, Nov. 28

November 28, 2018
6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine

März 31, 2023
Judge denies SEC motion to keep Hinman docs secret in Ripple case

Judge denies SEC motion to keep Hinman docs secret in Ripple case

März 31, 2023
The ultimate guide to Miami – Cointelegraph Magazine

The ultimate guide to Miami – Cointelegraph Magazine

März 31, 2023
Dr. Jane Thomason – Cointelegraph Magazine

Dr. Jane Thomason – Cointelegraph Magazine

März 31, 2023
1658007797 celsius is bankrupt with 12b balance sheet hole su zhu.jpg

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

März 31, 2023
6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

6 Questions for Lisa Fridman of Quadrata – Cointelegraph Magazine

März 31, 2023
Jed McCaleb empties XRP wallet after eight-year selloff

Jed McCaleb empties XRP wallet after eight-year selloff

März 31, 2023
Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25

März 31, 2023
The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

März 31, 2023
SEC objects to XRP holders aiding Ripple defense

SEC objects to XRP holders aiding Ripple defense

März 31, 2023
Blockchain technology is transforming the real estate market – Cointelegraph Magazine

Blockchain technology is transforming the real estate market – Cointelegraph Magazine

März 31, 2023
1658612147 nfts banned in minecraft sec lists 9 tokens as securities.jpg

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockyness for company meltdown: Hodler’s Digest, July 17-23

März 31, 2023
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Litecoin

Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin: Price Analysis, Nov. 28

coinnewsdaily by coinnewsdaily
November 28, 2018
in Litecoin
0
Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin: Price Analysis, Nov. 28
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

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.

Related articles

Litecoin confidential transactions spook Korean exchanges

Litecoin confidential transactions spook Korean exchanges

Mai 23, 2022
Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

Mai 22, 2022

After the large-scale wealth disruption in the cryptocurrency space, many have started to question whether the asset class will survive or wither away. New York Stock Exchange (NYSE) chairman Jeffrey Sprecher is positive about the future of digital currencies, saying that their survival as an asset class is “unequivocal.”

Bakkt CEO Kelly Loeffler expressed confidence that the platform’s futures contract will help establish a trusted Bitcoin price for investors, unlike now, when Bitcoin trades at different prices on different exchanges.

Unperturbed by the slump in Bitcoin prices, Nasdaq plans to launch Bitcoin futures trading by Q1 2019, reports Bloomberg. Entry of both these large exchanges shows that there is sufficient demand for Bitcoin trading even after the current decline.

Many believe that the launch of Bitcoin ETFs can increase the demand for cryptocurrencies. SEC Chairman Jay Clayton said yesterday that the commission would need to see upgrades in market surveillance and custody before the regulator would be comfortable with a Bitcoin ETF. Both issues are currently being addressed by various firms, increasing the probability of a Bitcoin ETF in the near future.

A report by the World Trade Organization (WTO) has projected that Blockchain technology can add $3 trillion to the international trade by 2030. The technology will help cut costs by removing barriers, increasing transparency and facilitating process automation.

Though Bitcoin SV has made it into the top 10 cryptocurrencies, we have not included it yet due to its short trading history.  

BTC/USD

Bitcoin formed consecutive inside day candlestick patterns on Nov. 26 and 27. Today, the indecision resolved to the upside. The pullback might face minor resistance at the downtrend line.

 

A breakout of the resistance might attract buying by the aggressive bulls and short covering by the bears. Hence, we have retained the buy recommendation provided in our previous analysis. The key levels to watch on the upside are $4,712.89 and $5,050.40.

If the BTC/USD pair fails to find buyers at higher levels and turns down to break the support of $3,620.26, the downtrend will resume, pushing price to the major support of $3,000.

Though the trend is down, we believe that the pullback will be sharp and is tradeable, hence, we have recommended а long position.

XRP/USD

Ripple is attempting to bounce from the support line of the descending channel. It has been an outperformer during the recent decline as it is well above its year-to-date lows and RSI did not even enter the oversold territory.

XRP/USD

A breakout above $0.385 can result in a move to the 20-day EMA, which might act as a resistance. If both the moving averages are crossed, the XRP/USD pair can rally to the resistance line of the channel. Traders can buy a close (UTC time frame) above $0.385 and keep the stop loss at $0.30. The target objective is an up move to $0.50. This is a risky trade, so we recommend to keep the position size about 40 percent of the usual.

Contrary to our expectation, if the price turns down and slides below $0.31123, a retest of $0.24508 is possible.   

ETH/USD

Ethereum is trying to bounce after finding support at $102.20. It has a minor hurdle at $123, above which, it can rally to the 20-day EMA. As the trend is down and both the moving averages are sloping down, we anticipate a strong supply in the 20-day EMA zone and $167.32.

ETH/USD

If the next leg down holds above $102, it will point to a probable bottom. However, if the bears sink the ETH/USD pair below $102, the next support on the downside is $83.

We believe that the oversold readings on the RSI suggest that a pullback is likely. However, we do not see a reliable buy setup, so we are not recommending a trade in it.

BCH/USD

For the past three days, Bitcoin Cash has been consolidating in the tight range of $204.76–$148.27. It has also formed doji candlesticks in the past two days, which shows indecision. This state is unlikely to remain for long. We should soon see a breakout or a breakdown.

BCH/USD

In case of a breakdown, the fall can extend to the next support at $100. However, considering the oversold nature of the RSI, we anticipate a move up.

If the BCH/USD pair breaks out of $204.76, we expect the pullback to reach $242.90 and $272.14. Aggressive traders can try to trade the counter-trend rally by going long on a close (UTC time frame) above $205. The stop loss can be kept just below $147. This is a risky trade, so we recommend using 40 percent of the usual allocation size.

XLM/USD

Stellar is trying to bounce off $0.13427050. It might face stiff resistance in the $0.1547188–$0.184 zone.

XLM/USD

A failure to climb above the overhead resistance zone will attract selling that can push the XLM/USD pair to the Nov. 25 lows. If the support breaks, the drop can reach $0.08.

On the other hand, if the bulls scale to the $0.184 level, it will indicate that the current fall was a bear trap. Currently, we do not see any bullish patterns, so we are not suggesting a trade in it.

EOS/USD

Though EOS dipped below the support at $3, the bears could not sustain the lower levels. The bulls are currently attempting to pullback to $3.8723, but the virtual currency might face minor resistance at the downtrend line.

EOS/USD

The trend remains down. However, after the initial pullback, we expect the EOS/USD pair to trade in a range for a few days, trying to put a bottom in place. Traders should wait for a trend reversal to initiate long positions.

If the selling pressure during the next down leg is strong and it breaks below the Nov. 27 lows, the decline can stretch to $2.40.

LTC/USD

Litecoin is currently correcting deeply oversold readings on the RSI. The recovery can reach the 20-day EMA, which is likely to act as the first barrier.

LTC/USD

As the decline has been sharp, the recovery is also likely to be strong. Above the 20-day EMA, the LTC/USD pair can reach the $47 level. Aggressive traders can try to trade the counter-trend rally, keeping tight stops and aiming for small targets.

Contrary to our opinion, if the pullback fizzles and the bears resume the downtrend, the next support on the downside is $20.

ADA/USD

Cardano formed consecutive inside day patterns on Nov. 26 and 27 that indicate indecision. The uncertainty has resolved to the upside, which increases the probability of a pullback.

ADA/USD

The recovery will face a stiff resistance at the 20-day EMA and above it at $0.060105. If the next leg down from one of the resistances breaks below $0.033065, the downtrend can extend to $0.025954.

However, in the next fall, if the ADA/USD pair makes a higher low, it will signal the possibility of a trend change. Traders should wait for a reliable buy setup to form before going long.

XMR/USD

Monero held on to the support of $53.10 on Nov. 26 and 27. The bulls are currently attempting a pullback that might face hurdles at $71, the 20-day EMA and $81.  

XMR/USD

If the XMR/USD pair turns down from one of the overhead resistances and breaks below $53, the next support is way lower at $40.

The next correction following the pullback will confirm whether a bottom is in place. We expect the digital currency to enter into a range bound action for a few days before starting a new uptrend.

TRX/USD

The pullback in TRON has carried it to the overhead resistance at $0.01587681. The 20-day EMA is also located just above this level. We expect a stiff resistance at this level, but if the bulls break out of it, a rally to $0.0183 is possible.

TRX/USD

This should be treated only as a pullback because the trend remains down with both the moving averages sloping down. The next fall will confirm whether a bottom is in place.

A break below the Nov. 25 intraday low of $0.01089965 can sink the TRX/USD pair to the next support at 0.00844479. It is better to wait for a bottom to be confirmed before initiating any long positions.

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



Credit: Source link

Tags: Litecoin
Share76Tweet48
Previous Post

Amazon Has Launched a New Service for Building Blockchains

Next Post

The 6 Big Takeaways From SEC Chair Clayton’s Crypto Remarks

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Litecoin confidential transactions spook Korean exchanges
Litecoin

Litecoin confidential transactions spook Korean exchanges

Mai 23, 2022
Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21
Litecoin

Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

Mai 22, 2022
Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14
Litecoin

Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14

Mai 19, 2022
meta to launch metaverse hardware store, elon musk buys twitter for $44b and apecoin pumps to new highs: hodler’s digest, april 24 30
Litecoin

Meta to launch metaverse hardware store, Elon Musk buys Twitter for $44B and ApeCoin pumps to new highs: Hodler’s Digest, April 24-30

Mai 5, 2022
Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Load More
Next Post
The 6 Big Takeaways From SEC Chair Clayton’s Crypto Remarks

The 6 Big Takeaways From SEC Chair Clayton's Crypto Remarks

Kategorien

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • 6 Questions for Rene Reinsberg of Celo – Cointelegraph Magazine
  • Judge denies SEC motion to keep Hinman docs secret in Ripple case
  • The ultimate guide to Miami – Cointelegraph Magazine
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

Please enter CoinMarketCap Free Api Key to get this plugin works.
✕
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev