Rajarshi Mitra
Independent Analyst
Top 3 coins daily confluence detector
Bitcoin
- Open: $7,704.30
- Current Price: $7,774.70
BTC/USD is on the verge of breaking above the key $7,800 psychological level but faces key resistance at $7,777.75. It has the 15-min and one-hour Previous Lows, 4-hour and one-day Previous Highs, 15-min, one-hour and 4-hour SMA 5, 15-min and one-hour SMA 20, 15-min SMA 50, 15-min SMA 100, 15-min and one-hour Bollinger Band middle curves. On the downside, healthy support lies at $7,380, which has the one-day Fibonacci 161.8% retracement level and daily Pivot Point support-three.
Ethereum
- Open: $197.75
- Current Price: $197.08
ETH/USD faces resistance at $199.75 before it could enter the $200 psychological level. The 199.75-level has the one-week Pivot Point resistance-one, one-day Fibonacci 23.6% retracement level, one-hour and one-day Bollinger Band upper curves. There aren’t any healthy support levels on the downside.
Ripple
- Open: $0.1965
- Current Price: $0.1977
XRP/USD faces no strong resistance levels on the upside. On the downside, there is healthy support at $0.1965, which has the one-hour Previous Low, 15-min and 4-hour Bollinger Band middle curves, one-day Fibonacci 38.2% retracement level, one-month Fibonacci 61.8% retracement level, one-hour SMA 5, one-hour SMA 10, one-hour SMA 50 and 15-min SMA 200.
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Ripple's XRP could face decline as percentage of supply in profit reaches very high levels
Ripple's XRP is down 6% on Tuesday following record profit-taking among investors as its percentage of total supply in profit reached very high levels in the past week. This follows Ripple Labs donating another $25 million to the pro-crypto Fairshake super PAC.
Litecoin Price Forecast: Whales invest $950M in 73-day buying spree amid LTC ETF approval rumours
Litecoin price hit $87.90 on Tuesday, down 17% from the recent high of $106 recorded on November 23. Despite the steep correction phase, on-chain data shows crypto whales have entered a 73-day buying spree.
Crypto Today: SEI, Fantom and SUI emerge as top gainers, while Morocco moves to legalize crypto
On Tuesday, BTC price struggled at the $93,000 support, while Ethereum fell 7% from $3,546 to $3,300. As BTC and ETH led the crypto market losses, mid-cap altcoins received considerable demand.
Bitcoin needs a further correction for sustained growth
After weeks of rapid growth, Bitcoin (BTC-USD) entered the maximum turbulence zone falling below $94,000. BTC is currently trading at $93,764 and continues to trend downward, having exited the ascending channel.
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Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week.
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