• Latest
Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, Dash: Price Analysis, Nov. 23

Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, Dash: Price Analysis, Nov. 23

November 23, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • 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, Stellar, EOS, Litecoin, Cardano, Monero, TRON, Dash: Price Analysis, Nov. 23

coinnewsdaily by coinnewsdaily
November 23, 2018
in Litecoin
0
Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, Dash: Price Analysis, Nov. 23
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

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

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

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

April 3, 2022

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.

Does a crash in prices indicate the decaying fundamentals of an asset class? In many instances it does, but the market usually gets the fundamentals of an emerging technology wrong, both in the short term and in the long term.

In May 1997, Amazon’s share price was quoting at $18. Short-term expectations propelled it to $300 by December 1998 and from there it slumped to $6 per share after the dotcom bubble burst. At that point, the market was severely underestimating its potential and the non-believers were claiming victory. However, the model proved everyone wrong, and Amazon became the second company in the history to reach a market capitalization of $1 trillion.

Blockchain entrepreneur and industry advisor, Vinny Lingham, said to Cointelegraph: “The climate can change once more companies with solid use cases emerge from their development cycles, gain traction and prove sound business value to make a difference.” Just because the prices have crashed, it doesn’t signal the end of an asset class.

As the price action in the near-term is dictated by technicals, let’s look at the charts and forecast the probable price action.

BTC/USD

During a waterfall decline, support levels are not honored, making it difficult to predict the bottom. The pullbacks also usually last only for about 1–3 days. Bitcoin attempted a recovery on Nov.r 21 that failed at $4,799.74.

Subsequently, the BTC/USD pair has resumed its downtrend, making a new low. Both the moving averages are sloping down and the RSI is deep in the oversold territory. This shows that the sellers are in command.

The immediate support on the downside is $4,100, below which, the fall can extend to $3,500– $3,000.  

Any recovery attempt will face stiff resistance at the downtrend line and $5,000. Though we want to use the current fall to buy, we believe that the traders should wait for a level to hold before initiating any long positions.  

XRP/USD

Ripple has broken down of the uptrend line, which shows that it is also being affected by negative sentiment. However, it remains well above its lows, which confirms its outperformance.

XRP/USD

The moving averages have started to turn down and the RSI has dipped below 40, which suggests that the supply is outpacing demand.

The next support on the downside is $0.37185 and below that, $0.26913. The XRP/USD pair will point to a consolidation if the prices quickly scale above the uptrend line and the moving averages flatten out. For now, it is best to stay on the sidelines.

ETH/USD

Ethereum is not finding buyers at higher levels. The pullback stalled at $141.91, which shows a lack of buying support.

ETH/USD

Currently, the bears are attempting to extend the decline to the next support level at $110. Though anything is possible in the markets, we believe that the oversold levels on the RSI point to a probable pullback. We don not recommend trading on hope, hence, we shall wait for a new buy setup to form before suggesting any trade in it.

On the upside, the ETH/USD pair will face a stiff hurdle at $167.32. The 20-day EMA is also close to this level, making it a critical resistance to cross for the bulls.

XLM/USD

Stellar is at a critical level. If the bears sustain prices below $0.184, it will be negative and can result in the start of a new down move. The lower levels to watch on the downside are $0.1547188 that is the intraday low of March 18 and $0.138565, which is the intraday low hit on Dec. 22 of last year.

XLM/USD

Conversely, if the bulls successfully defend the $0.184 level, the XLM/USD pair, might pull back to the 20-day EMA and above it to the downtrend line. We suggest traders wait for a new buy setup to form before entering any long positions.

EOS/USD

Though EOS has broken down of the critical support at $3.8723, it has not plunged. This shows some buying support at lower levels. The oversold reading on the RSI also points to a recovery attempt.

EOS/USD

If the bulls scale $3.8723, a move to the downtrend line and above it to $4.493 is probable. The 20-day EMA is also located close to this level, hence, $4.493 will act as a major roadblock.

If the EOS/USD pair fails to rise above $3.8723, it can slump to $3. We do not find any bullish patterns developing, hence, we are not proposing a trade in it.

LTC/USD

The bulls have been attempting to hold the support at $32 for the past three days, but have not been able to push Litecoin higher.

LTC/USD

Still, the oversold levels on the RSI point to a probable pullback. On the upside, the LTC/USD pair will face stiff resistance at the 20-day EMA and above that at the $47.246–$49.466 zone.

On the other hand, if the bears sink prices below the support zone of $32–$29.653, the fall can extend to the next support at $20.

ADA/USD

The pullback in Cardano could not scale the $0.05 level and the price is back at the support of $0.041.

ADA/USD

If the ADA/USD pair breaks down and sustains below $0.041, it can slide to the next lower target of $0.025954.

On the other hand, if the bulls succeed in rebounding from close to current levels, the digital currency will again attempt to break out of $0.05. If successful, the pullback can extend to $0.060105, which is likely to act a major resistance because this is the previous support and the 20-day EMA is also close to this level.

XMR/USD

Though the bulls attempted a pullback in Monero on Nov. 21 and 22, they could not push prices above $72. As a result, the price turned down once again.

XMR/USD

In this down leg, if the XMR/USD pair plunges below $60, the fall can extend to the next support at $46.

If the virtual currency finds buyers at the current levels, the bulls will again attempt to break out of the $72 level. If this level is crossed, the pullback can continue to next overhead resistance of $81.

TRX/USD

TRON could not scale above the previous support-turned-resistance of $0.01587681 in the past two days. However, a small positive is that the bulls have held prices above the Nov. 20 intraday low of $0.0122194.

TRX/USD

We anticipate the bulls to make another attempt to climb above $0.01587681 and reach the next resistance of $0.0183.

However, contrary to our expectation, if the TRX/USD pair plummets below $0.0122194, the fall can extend to the next lower level of $0.00844479.

DASH/USD

Dash continues to trade near the support of the descending channel. This shows that sellers have the upper hand.

DASH/USD

Any breakdown of the channel will be a negative development that can push the DASH/USD pair down to the next support at $75.

If the support of the channel holds, the bulls will attempt another pullback to scale $120 levels and reach the next overhead resistance of $129.58. We believe that the traders should wait for a trend reversal 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

Gibraltar Stock Exchange Wins License for Blockchain Subsidiary

Next Post

The SEC’s Recent Rulings Are More About Exchanges Than ICOs

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

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
Bull or bear market, creators are diving headfirst into crypto
Alt Coin

Bull or bear market, creators are diving headfirst into crypto

April 2, 2022
crypto listing and delisting announcements: week 9
Alt Coin

Crypto Listing and Delisting Announcements: Week 9

February 28, 2022
unstable markets how to invest in cryptocurrency
Alt Coin

How to invest in cryptocurrency when the market is uncertain, explained

December 21, 2021
be your own banker secrets
Alt Coin

Bitcoin and Crypto Wallet Hygiene 101

November 22, 2021
Load More
Next Post
The SEC’s Recent Rulings Are More About Exchanges Than ICOs

The SEC's Recent Rulings Are More About Exchanges Than ICOs

Categories

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

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

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

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

  • bitcoinBitcoin(BTC)$20,298.00-2.47%
  • ethereumEthereum(ETH)$1,142.45-3.84%
  • tetherTether(USDT)$1.000.08%
  • binancecoinBNB(BNB)$228.09-2.55%
  • rippleXRP(XRP)$0.339050-4.35%
  • cardanoCardano(ADA)$0.473159-2.47%
  • SolanaSolana(SOL)$35.67-7.15%
  • dogecoinDogecoin(DOGE)$0.066819-7.49%
  • polkadotPolkadot(DOT)$7.32-4.82%
  • daiDai(DAI)$1.00-0.02%
  • tronTRON(TRX)$0.066148-0.91%
  • Shiba InuShiba Inu(SHIB)$0.000010-8.49%
  • leo-tokenLEO Token(LEO)$5.750.16%
  • matic-networkPolygon(MATIC)$0.52-3.04%
  • litecoinLitecoin(LTC)$52.80-5.31%
  • FTXFTX(FTT)$25.63-5.92%
  • OKBOKB(OKB)$11.94-3.38%
  • CronosCronos(CRO)$0.119966-3.58%
  • chainlinkChainlink(LINK)$6.35-2.89%
  • stellarStellar(XLM)$0.114421-4.03%
  • algorandAlgorand(ALGO)$0.313591-5.04%
  • moneroMonero(XMR)$118.86-1.23%
  • cosmosCosmos Hub(ATOM)$7.36-5.93%
  • ethereum-classicEthereum Classic(ETC)$15.52-6.33%
  • bitcoin-cashBitcoin Cash(BCH)$103.77-6.86%
  • vechainVeChain(VET)$0.023501-4.48%
  • tezosTezos(XTZ)$1.54-3.50%
  • Internet ComputerInternet Computer(ICP)$5.51-5.46%
  • theta-tokenTheta Network(THETA)$1.28-6.06%
  • filecoinFilecoin(FIL)$5.55-4.24%
  • ElrondElrond(EGLD)$52.23-6.37%
  • bitcoin-cash-svBitcoin SV(BSV)$57.23-4.52%
  • eosEOS(EOS)$0.95-3.81%
  • paxos-standardPax Dollar(USDP)$1.00-0.15%
  • makerMaker(MKR)$951.76-5.07%
  • AaveAave(AAVE)$60.65-8.00%
  • huobi-tokenHuobi(HT)$5.19-2.52%
  • iotaIOTA(MIOTA)$0.276067-5.17%
  • zcashZcash(ZEC)$59.46-5.06%
  • neoNEO(NEO)$8.99-5.51%
  • zilliqaZilliqa(ZIL)$0.041571-7.77%
  • havvenSynthetix Network(SNX)$2.587.12%
  • basic-attention-tokenBasic Attention(BAT)$0.377692-5.84%
  • wavesWaves(WAVES)$5.40-8.28%
  • dashDash(DASH)$46.63-5.42%
  • PancakeSwapPancakeSwap(CAKE)$3.19-4.38%
  • KusamaKusama(KSM)$50.43-4.62%
  • nemNEM(XEM)$0.040250-4.22%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$48.02-5.74%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$2.93-2.67%
  • bitcoin-goldBitcoin Gold(BTG)$16.53-5.29%
  • omisegoOMG Network(OMG)$1.87-7.42%
  • golemGolem(GLM)$0.240939-2.10%
  • SushiSushi(SUSHI)$1.10-4.77%
  • ontologyOntology(ONT)$0.235676-5.14%
  • yearn-financeyearn.finance(YFI)$5,715.94-7.69%
  • umaUMA(UMA)$2.61-4.66%
  • digibyteDigiByte(DGB)$0.009416-7.14%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....