Bitcoin, Ethereum, Ripple, Litecoin and Polkadot

Bitcoin

Bitcoin underwent another steep 15% price hike this week, which saw the cryptocurrency climb over $ 18,000 and hit $ 18,800. It was trading at $ 16,400 on Friday and struggled to break through this resistance over the weekend.

This change on Monday, when Bitcoin began to climb higher. He quickly managed to push past $ 17,000 and break the resistance at the 2018 high at $ 17,186. The bullish run continued throughout the week until resistance was found around $ 18,200. From there it fell lower over the past two days but managed to hold support at $ 17,600.

Today, Bitcoin rallied above $ 18,000 and managed to push above $ 18,400 to reach its current level of $ 18,800.

Looking ahead, the first resistance level is expected at $ 18,933 (1,618 Fib Extension). Above $ 19,000, the resistance is therefore found at $ 19,262 (1,272 Fib Extension), $ 19,500, $ 19,646 (ATH day’s closing price) and $ 19,907 (ATH).

Above the ATH, the resistance is found at $ 20,000, $ 20,228 (1,618 Fib Extension – yellow), $ 20,500 and $ 20,600.

On the other hand, the first support level is found at $ 18,400. Below that, support is expected at $ 18,000, $ 17,600 (0.236 Fib), $ 17,186 (2018 highs) and $ 17,000. The added support is found at $ 16,766 (.382 Fib), $ 16,400 and $ 16,100 (100-day EMA).

Ethereum

Ethereum witnessed a 10% price hike this week, but still managed to break out of the $ 500 resistance level. The coin had risen to the closing price of the September high at $ 475 last Friday and fell back. during the weekend.

It managed to bounce off $ 438 (August 2018 highs) and climb over the course of the week. Today, Ethereum is back above $ 475 and broke the resistance at $ 490 and $ 500 to reach the current resistance at $ 511 (1,618 Fib Extension).

Looking ahead, if buyers continue above $ 511, resistance is expected at $ 528, $ 548 (long-term bearish .618 Fib), $ 568 (extension 1,414 Fib) and $ 580.

On the other hand, the first support level is at $ 500. Below that, support is at $ 490, $ 480, $ 456 (.382 Fib) and $ 438 (August 2018 highs).

Against Bitcoin, Ethereum actually created a new 3-month low this week after dropping below 0.0267 BTC to hit the low of 0.0264 BTC yesterday. It managed to bounce from here today as it rose as high as 0.02788 BTC. Sellers have since pushed it lower again to trade at 0.027 BTC.

Buyers will need to push higher and break the 200-day EMA at 0.0295 BTC for any hope of recovery.

Moving forward, if the bulls push higher, the first resistance level is located at 0.0278 BTC. Above this, resistance is found at 0.0284 BTC (February 2020 high), 0.029 BTC (downtrend line) and 0.0294 BTC (200-day EMA). This is followed by increased resistance at 0.03 BTC.

On the other hand, the first support level is found at 0.0267 BTC. Below that, support is found at 0.0264 BTC, 0.0262 BTC, 0.026 BTC and 0.0253 BTC.

Ripple

Ripple outperformed Bitcoin this week as the cryptocurrency rose a mighty 23.7% to hit $ 0.322 today. The coin has since fallen slightly to trade at $ 0.319. The coin was trading below $ 0.27 at the end of last week when it started to rise.

During the week, XRP struggled to close a daily candle above the resistance at $ 0.30. Today, the bulls managed to break out of the $ 0.3 level and push higher into the $ 0.321 resistance (.886 Fib bearish retracement).

Looking ahead, if buyers continue to break out of $ 0.322, resistance is expected at $ 0.33, $ 0.337, $ 0.341 (1.414 Fib Extension) and $ 0.35 (2020 high). Additional resistance is found at $ 0.354 (1.618 Fib Extension), $ 0.36 and $ 0.362 (1.272 Fib Extension).

On the other hand, the first support level is at $ 0.31. Below that, support is found at $ 0.30, $ 0.29 and $ 0.285 (.382 Fib).

Against BTC, the XRP bulls attempt to re-initiate a reversal from the 4-month downtrend it has undergone. The cryptocurrency rose from its 2020 low to 1555 SAT last week and hit 1800 SAT.

The market is now trading in a range of 1755 SAT to 1555 SAT and has been trading throughout November. The market will have to break this range to dictate the next direction for the coin.

If buyers push higher, the first resistance level is expected at 1755 SAT (.236 Fib bearish retracement). Above this, resistance is found at 1800 SAT, 1865 SAT (bearish .382 Fib), 1900 SAT (July 2020 low) and 1955 SAT (bearish .5 Fib).

On the other hand, the first support level is at 1650 SAT. Subsequently, support is found at 1610 SAT, 1555 SAT, 1490 SAT and 1450 SAT.

Litecoin

Litecoin is the strongest of the top 20 ranked coins after climbing a solid 41% to reach the current level of $ 81.90. The coin had risen from the $ 63 level last Friday when it started to rise.

Litecoin saw a massive surge on Monday that allowed the coin to break out of $ 64 and hit $ 74. Yesterday, Litecoin continued to break out of $ 76 and hit the resistance at $ 81.38. Buyers rose slightly today as they approached resistance at the 2020 high, around $ 84.22.

Looking ahead, if the bulls break out of the 2020 high, the first resistance level is at $ 85.88. Other than that, resistance can be found at $ 87.77, $ 90, $ 91.31, and $ 95.13. This is followed by a resistance at the $ 100 level.

On the other hand, the first support level is at $ 80. Below that, support is at $ 76 (0.236 Fib), $ 71.20 (.382 Fib), $ 68.97 and $ 67.35 (0.5 Fib).

Litecoin also rose against Bitcoin as it managed to break through its October highs today to hit 0.00467 BTC. The cryptocurrency had pushed higher from the 0.0038 BTC level last Friday when it began to skyrocket throughout the week.

It found resistance at 0.0044 BTC (bearish .382 Fib) on Monday and struggled to break through here until yesterday. Today, it continued to rise until it reached the resistance at 0.00467 BTC (0.5 Fib). It has since dropped from here and is trading at 0.00435 BTC.

Looking ahead, if buyers push up again, resistance is expected at 0.00444 BTC (bearish .382 Fib), 0.0046 BTC and 0.00467 BTC (bearish 0.5 Fib). Additional resistance is expected at 0.00478 BTC (1.272 Fib Extension), 0.0049 BTC (Bearish .618 Fib Retracement) and 0.00509 BTC (1.618 Fib Extension).

On the other hand, the first support level is found at 0.00429 BTC (.382 Fib). Below that, support is found at 0.00416 BTC (.5 Fib), 0.0040 BTC (.618 Fib) and 0.00385 BTC.

A pois

Polkadot saw a 22.9% price hike this week but still managed to outperform Bitcoin. The coin has been trading inside an ascending price channel since mid-October and has bounced higher from the lower bound of this channel this week.

The cryptocurrency rose today to reach $ 5.61 (bearish retracement .618 Fib). It has since fallen lower to trade around $ 5.41 (1,414 Fib Extension) near the upper limit of the price channel.

Looking ahead, if the bulls push higher, the first resistance level is at the upper end of the price channel. Above this, resistance is found at $ 5.61 (bearish .618 Fib), $ 5.86 (1.272 Fib Extension), $ 6.10 (1.414 Fib extension) and $ 6.18 (Bearish .786) Fib Retracement).

On the other hand, the first support level is found at $ 5.22. Below that, support is found at $ 5.00, $ 4.92 (.382 Fib), $ 4.70 (.5 Fib) and $ 4.50.

Against Bitcoin, DOT has been in free fall since September. The coin recently fell into support at 25,355 SAT (downward extension of FIb 1,618), which allowed the coin to bounce today. Regardless of the rebound, DOT remains trapped under a 3-month downtrend line and must break out of it to begin its recovery.

Moving forward, if DOT can break the trend line, the first resistance level is expected at 30,000 SAT. Above this, resistance is found at 32.855 SAT (.236 bearish Fib), 35.000 SAT and 37.480 SAT (.382 bearish Fib).

On the other hand, the first support level is expected at 27,590 SAT. Below that, support is found at 25,356 SAT (1,618 Fib Extension to the downside), 24,000 SAT and 22,060 SAT.