Cryptocurrencies Price Prediction: Bitcoin, Chainlink & Ripple – Asian Wrap 30 Nov
|Bitcoin Price Analysis: Bulls meet resistance, bears on guard
BTC/USD has started the week off with a bid, rallying near to 2% on the day so far. However, until the bulls have conquered the near term resistance, the downside is still a scenario worth preparing for. The daily chart has extended through a 61.8% Fibonacci retracement which makes the likelihood of a downside extension somewhat less likely.
Chainlink Price Forecast: LINK has a clear path to $16
Chainlink has rallied 122% from September’s lows at $7.2. The spike above $16 last week saw bears swing into action, leading to a correction towards $11. LINK’s bulls appear to have regained most control over the price and are ready for another liftoff above $16.
Ripple Price Prediction: XRP’s rise to $1 hinges on one crucial upside barrier
Ripple (XRP/USD) sellers have returned this Sunday, as the recent recovery from sub-$0.50 levels appears to lose steam. However, from a technical perspective, it looks like the bulls have taken a breather before the bullish reversal picks up pace.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.