Bitcoin price & Altcoin analytics

Ripple (XRP) is making an impressive move but may face resistance at $0.23.

Ethereum is out of the lower levels of price as it breaks the resistance at $150. Ethereum is expected to trade within the range-bound zones.

Despite its false breakdown, Bitcoin Cash had been relatively stable since September. The coin had been exceptional in its fluctuation within the price range of $200 and $240. Each time there is a break down the coin bounces back to its original price range.

Litecoin crashed to $43 after the last bearish impulse. Previously, the coin had been trading above $50 for over a month before the market went up. This sudden price jump hit resistance at $65. After a pullback, the bulls retested the resistance to form a bearish double top pattern. This pattern formation led to a further drop of Litecoin to a low of $43.

Regrettably, the pair shows no signs of recovery below the price at $150 and $160. Yesterday, the coin made a pullback and retested the price at $150 resulting in further depreciation. A retest is a confirmation that the bearish trend is ongoing. The bears have capitalized on this to sink the coin to the previous low.

Since November 29, the bears are in control of price as the selling pressure persists. The price movement has been insignificant as the coin gradually depreciates daily. On December 2, Bitcoin dropped to a low of $7,302, while today the market is approaching the low of $7,100 as at the time of writing.

Bitcoin Cash continues its bearish run but may revisit the price at $192. It has maintained its fluctuation within the price range of $200 and $240. Nevertheless, the bears had at one time broken the support as the price reaches another low of $192. There was a spontaneous pullback as BCH moved up toward the earlier range.

Ripple's impressive run is over as buyers are overwhelmed after an initial uptrend. Thereafter, the price commenced dropping gradually from $0.02330 to $0.22138. Ripple depreciated as a result of the absence of buyers. However, Ripple fell and found support at $0.22 which may face further selling.

As bulls and bears struggle below the resistance at $50, the bears seem to have the upper hand. On November 29, the bulls were resisted at $50, and the coin drops to a low at $46. The bulls pulled back and retested the resistance at $48. Litecoin is now in a downward move and it is likely to reach the previous low at $43. A break below the previous low at $43 will depreciate Litecoin to drop at $36. Meanwhile, a defense by the bulls at the current support will make the coin resumes a sideways move and probably form a price range. From every indication, the coin may fall since it is under bears’ control.