Demand

Litecoin rebounds above $132 as the altcoin resumes upward move. The price is fluctuating between $132 and $147 as buyers fail to take firm control of price upward move.

For the past week, Bitcoin bulls have failed to break above the $24,000 overhead resistance. A successful breakout will catapult the coin to rally above $25,000.

Tezos (XTZ) has been making an upward move for the past four days. The crypto is facing another rejection at the $2.40 resistance.

EOS commenced trading in January in a bullish trend. Before January 2020, the altcoin had been in a bear market for seven months. The coin has an opening balance of $2.59 but it rallied to $4.39 in the same month.

In a nutshell, Bitcoin Cash has been in price consolidation all through the year. In January, BCH reached its peak price at $405, and in the subsequent months of February and March, there was a bearish reaction as the coin slumped to $133 low.

Since November 24, Ethereum bulls have failed to break above $620 overhead resistance. Now, on December 7, there is overwhelming selling pressure above the $620 resistance which has compelled Ether to a range-bound movement.

Following its rejection from the $360 and $320 resistance zones, BCH now consolidates in a tight range between $280 and $300 price levels.

Tezos is still trading in a sideways move since September. The altcoin is fluctuating between levels of $1.95 and $2.50.

Following its rallies to $3.80 high, buyers could not continue with the uptrend. At the recent high, the candlesticks possess long wicks.