Home / Litecoin / Price analysis: December 25th – Bitcoin [BTC], XRP, Ethereum [ETH], Litecoin [LTC], Tron [TRX], Dogecoin [DOGE]

Price analysis: December 25th – Bitcoin [BTC], XRP, Ethereum [ETH], Litecoin [LTC], Tron [TRX], Dogecoin [DOGE]

After a spectacular upward trend in cryptocurrency markets, the markets crashed on December 25th. The markets were at $ 143 billion on December 24th, but are currently at $ 128 billion. One of the main reasons for the accident is probably the holiday sale season.

Bitcoin – BTC / USD

Bitcoin has a strong bearish trend. The cryptocurrency tried to break the $ 4,200 resistance line but it was interrupted. Bitcoin's inability to touch $ 4,200 yesterday combined with a holiday season in the West, saw a sharp decline in the price of Bitcoin.

The bear market is not finished yet. The main support for Bitcoin is currently $ 3,600 and the next major Bitcoin support is $ 3,480, $ 20 less than the $ 3,500 psychological support. The bearish trend is expected to continue until the new year.


The positive news of Binance that accumulate pairs of XRP bases pushed up XRP by increasing by 15% and reaching $ 0.42. But due to the correction of the cryptocurrency market, XRP is currently declining by 11%. The main support of $ 0.40 has been discontinued. XRP is currently trading at $ 0.38.

But a key trusting trend line is forming at around $ 0.375 in the hourly charts. Investors could see a possible increase in the XRP price. But for this to happen, XRP should not fall below the bullish support of $ 0.375.

Ethereum – ETH / USD

The price of Ethereum has touched $ 150, causing speculation on a race to the bull of Ethereum. The greatest resistance had formed at $ 165. But Ethereum could not reach that price. At $ 153, the price of Ethereum fell on a strong downward trend due to the correction of the cryptocurrency market.

The largest support (through the purchase of walls) was formed for ETH / USD in the price range between $ 110 – $ 115 [Source: Kraken]. If Ethereum breaks the psychological barrier of $ 100, it could experience strong downward trends.

Tron – TRX / USD

Tron is one of the hardest hit by today's market correction, despite the new TRX / XRP base pair on Binance. The cryptocurrency decreases by 15% in 24 hours. Tron is still trading above the $ 0.018 support level. Although it is interesting to note that the volume TRX / XRP is slowly increasing, so investors would see a small increase in the value of TRX anchored to XRP.

Litecoin – LTC / USD

After running for three weeks in green, Litecoin's price fell due to market correction. Litecoin failed to touch a crucial psychological price of $ 35. Litecoin should drop a little higher up to $ 30 and should see a small rise due to an important support that hovers between $ 29 and $ 30.

Dogecoin – DOGE / USD

Like the amusing community of Doge, Dogecoin is the least affected by the collapse of the market today. The cryptocurrency decreases by 6% and has a market capitalization of $ 282 million. The DOGE / USD pair has been bound by October 11 to October 14 of this year. So, following the October DOGE / USD scheme, it would see a small uptrend in the short term.

Read also:

Two thirds of the top 50 cryptocurrencies have plummeted by over 90% in 2018

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