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Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 04 December

FXStreet Team FXStreet

Bitcoin technical analysis: BTC/USD heading for big bearish flag retest

Bitcoin price is trading in positive territory, up some 2.60% in the second half of the session.

BTC/USD price action is heading for a big retest of a breached flag structure.

There is a chunky barrier of resistance seen at $7500, in proximity to the lower of the noted flag.

Ethereum technical analysis: ETH/USD vulnerable to bear attack

Ethereum price is trading in the green, up 1.60% the session on Wednesday.

ETH/USD price action is moving within a bearish pennant structure via the daily.

ETH/USD is at risk of falling back down to the psychological $100 price mark.

Litecoin technical analysis: LTC/USD bearish flag structure subject to a breakout

Litecoin price is trading in the green, with gains of 2.25% the session on Wednesday.

LTC/USD is consolidating following the harsh selling through the month of November.

Price action is moving within a bearish flag structure, subject to a potential breakout south.

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FXStreet Team

FXStreet

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