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Bitcoin
Bitcoin witnessed a sharp 10.6% price hike last week as the cryptocurrency is trading at $ 19,000. It had recovered from the $ 17,186 level last Friday and started pushing higher over the weekend. The coin continued to scratch the former ATH level of $ 19.907 (Coinbase price) on Monday.
Unfortunately, it moved away from the ATH and fell to the support of $ 18,330 (.236 Fib Retracement) on Tuesday. It has since bounced higher to retest the day’s closing price of ATH at $ 19,646, but failed to break out of that limit and dropped to $ 19,000 today.
Looking ahead, if buyers can hold $ 19,000 and push higher, the first resistance level is found at $ 19,656 (ATH day’s closing price). ATH’s price follows this at $ 19,907. Above it, resistance is found at $ 20,000, $ 20509, $ 20,881, $ 21,000 and $ 21,162.
On the other hand, if sellers push below $ 19,000, support is found at $ 18,330 (.236 Fib), $ 18,999, $ 17,186 (2018 highs) and $ 16,567 (.
Ethereum
Ethereum has seen a solid 13.2% rise in price this week as it is currently trading at $ 586. The coin had bounced off the $ 520 support last Friday while this week it climbed back into resistance at $ 620.
ETH attempted twice to break out of the overhead resistance at $ 620 and failed on both occasions. It has since dropped to trade at around $ 585 today.
Looking ahead, if the sellers break out of $ 585, the first support level is at $ 560 (0.236 Fib). Below that, support is found at $ 550, $ 524 (.382 Fib), and $ 500.
On the other hand, the first resistance level is now located at $ 600. Above this, the resistance is located at $ 620 (1,414 Fib Extension), $ 650, $ 665 and $ 675 (bearish .786 Fib Retracement) ).
Against Bitcoin, Ethereum managed to bounce off support at 0.03 BTC (0.5 Fib) last Friday, pushing higher to reach the 0.032 BTC resistance. During the December period so far, Etheruem has been limited to a range of 0.032 BTC to 0.0308 BTC and must break this range to dictate the next direction of the market.
Looking forward, if the bulls push higher, the first breakout resistance level stands at 0.032 BTC. Above this, the resistance lies at 0.033 BTC, 0.0337 BTC (March 2018 support) and 0.035 BTC.
On the other hand, the first support level is found at 0.0308 BTC (.382 Fib). Below that, support is found at 0.0305 BTC (100-day EMA), 0.0299 BTC (.5 Fib) and 0.0291 BTC (.618 Fib).
Ripple
Ripple has seen a 7.6% price increase in the past week, but has fallen by 10% on steel in the past 24 hours, trading at $ 0.55 (2019 highs). The coin attempted to rise during the week after bouncing off $ 0.5 last Friday.
It managed to break out as low as $ 0.67 but was unable to close a daily candle above. It met a resistance at $ 0.648 (bearish Fibonacci 0.786) yesterday and moved to the support of $ 0.556 today.
Going forward, if the sellers break out of the 2019 highs of $ 0.556, the first support level is at $ 0.5 (0.5 Fib). Below that, support is found at $ 0.435 (.618 Fib), $ 0.4 and $ 0.35.
On the other hand, the first resistance level is found at $ 0.6. This is followed by $ 0.648 (bearish .786 Fib), $ 0.68, $ 0.718 (bearish .886 Fib) and $ 0.75.
XRP started falling again against Bitcoin this week. The coin started the week trading near the 3600 SAT level but has since dropped to 3000 SAT. Today, it broke the crucial support at 3220 SAT (.382 Fib) to hit 3000 SAT.
Looking ahead, if the sellers break through 3000 SAT, the first support level is at 2900 SAT (0.5 Fib). Below that, support sits at 2585 SAT (.618 Fib), 2450 SAT, and 2200 SAT.
Alternatively, the first resistance level is found at 3200 SAT. Above this, resistance lies at 3360 SAT, 3600 SAT, and 3785 SAT (October 2019 highs).
Bitcoin Cash
Bitcoin Cash saw a small 6.3% price increase this week as the coin trades at the $ 289.50 level. It bounced off support around $ 260 last Friday and managed to climb as high as $ 318.90 on Monday where it met resistance with a 0.5 Fib bearish retracement.
From there, BCH has moved lower in the past few days to break below $ 300 and trade around $ 390.
Looking ahead, if the selling continues, the first support level is found at $ 280. Below that, $ 270 (.786 Fib), $ 256 (.886 Fib) and $ 240.
On the other hand, the first resistance level is found at $ 300. Above that, $ 318.90 (bearish 0.5 Fib), $ 341 (1.272 Fib Extension) and $ 351 (March high closing price).
Against Bitcoin, BCH fell from 0.016 BTC to reach the current support at 0.0148 (.786 Fib Retracement). The cryptocurrency had rebounded from 0.013 BTC in early November but was never able to break out of the 0.02 BTC resistance provided by the 100-day EMA.
From there, BCH dropped against Bitcoin to hit the current support of 0.0148 BTC.
Looking ahead, if sellers push below 0.0148 BTC, the first support level is found at 0.0142 BTC (0.886 Fib). This is followed by 0.014 BTC, 0.0136 BTC and 0.013.
On the other hand, resistance is first expected at 0.016 BTC. Resistance at 0.017 BTC (0.236 Fib bearish), 0.018 BTC and 0.0191 BTC (0.382 FIb bearish and 100-day EMA) follows.
Litecoin
Litecoin saw a robust 17.5% price increase this week, trading at the $ 83.10 level. The cryptocurrency rebounded from $ 69 last week as it started pushing higher. On Tuesday, it had reached resistance at $ 89.35 (1.618 Fib Extension). The currency attempted to break through this resistance in November but failed to break out of the level.
The same thing happened this week when Litecoin again attempted to break out of $ 89.35. Buyers were unable to close a daily candle above the resistance, which caused it to roll over and hit the current level of $ 83.10.
Moving forward, if the sellers lower the price, the first support level is at $ 80. Below that, $ 77.75 (.382 Fib), $ 72.65 (.5 Fib), a line of rising trend and $ 69 will provide support.
On the other hand, the resistance is at $ 84.22. Above this, resistance is found at $ 89.35, $ 96, $ 100 and $ 101.
Against Bitcoin, Litecoin was up from 0.004 BTC last week after breaking out of the 100-day EMA to reach resistance at 0.00462 BTC (0.5 Fib bearish retracement). It was unable to break through this level yesterday, which caused the coin to flip over and fall to the 0.00445 BTC level.
Looking ahead, if sellers drive lower, the first support level is found at 0.0044 BTC (100-day EMA). This is followed by 0.00434 BTC (.5 Fib), 0.00417 BTC (.618 Fib) and 0.004 BTC.
On the other hand, resistance is first expected at 0.00462 BTC. This is followed by 0.0047 BTC (.200-day EMA), 0.00486 BTC (.618 Fib bearish retracement) and 0.005 BTC.
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