Downtrend

Following the recent breakdown on November 26, buyers have been attempting to push BTC to the previous high above $19,400. Bitcoin has earlier plunged to $16,400 for failing to breach the $19,400 resistance.

The biggest altcoin has been in a downward move soon after its rejection at the $620 resistance. Ether fell and found support above the $480 price level.

Ripple has fallen and found support above $0.52. On November 24, XRP declined because of the presence of a long candlestick wick which suggested a downward movement of the coin.

Following the recent price surge above $360 resistance on November 24, the Bitcoin Cash (BCH) uptrend has been terminated.

On November 24, Litecoin rallied to $94 high but could not continue the uptrend. LTC retraced to the $86 low and resumed consolidation between $84 and $90.

Following its impressive bullish run and rally to $620 high, Ethereum faces strong selling pressure from the recent high.

Ripple bulls have recovered from an earlier downtrend as the coin rebounded on November 19 to rally above $0.305 resistance. In other words, the bulls buy the dips to push XRP above the $0.305 high.

Ripple (XRP) price analysis, November 19, 2020. For the past week, Ripple has been making positive moves up to November 17 when it reached a high of $0.305.

Yesterday, the bulls retested the $260 minor resistance but failed to break above it. The retest was counterproductive as bears were seriously defending the resistance zone. Consequently, today, BCH plunged to a low of $241 but the price corrected upward.