Research

Litecoin (LTC) has continued its rallies as bulls broke above the previous peak price of $82. Initially, the LTC price was making a series of higher highs and higher lows.

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Binance Coin has been in a sideways move between $27 and $29 in November. Yesterday, the coin rebounded as it reached a high of $31.

Yesterday, buyers made concerted efforts to break the three months old sideways trend of the coin. BSV has not been able to trade above the $180 overhead resistance since September.

Despite the breakdown on November 18 and the subsequent downward correction, Ethereum rebounded above $470 to reach the previous high.

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.

Yesterday, LTC rebounded above the $63 support as price broke the $68 overhead resistance. Buyers have retested the overhead resistance in August to break above it.

Today, BTC has rallied to $16,385 high but faces rejection at the $16,400 resistance zone. In retrospect, on November 13, Bitcoin faced similar rejection at this price level as the king coin plunged to $15,725 low.

For the past 48 hours, Ethereum has been in a downward move after failing to break the overhead resistance at $480. Yesterday, Ether fell to $440 low but the coin closed above $450 support at the time of writing.