Cryptocurrencies price prediction: Bitcoin, Ethereum & Monero - Asian Wrap 12 Dec


BTC/USD springs upwards after refreshing $7,100 support

Bitcoin once again forced to deal with losses after opening the trading on Thursday at $7,202.85 and hit an intraday high of $7,294.85. However, because of the diminishing buying power, BTC dropped to $7,076.67 (intraday low). The price has adjusted to $7,182 (current market value).

 

ETH/USD gravitates targeting $130

Ethereum is among the cryptocurrencies painting the market red. The price action has been bearish since the commencement of the Asian trading session. Ethereum is exchanging hands at $142 in the wake of losing 0.96% of its value on Thursday. The trend is strongly bearish amid the expanding volatility.

 

XMR/USD finds resistance at the SMA 20 curve

Following a slightly bullish Wednesday, the XMR/USD bears have taken control of the market in the early hours of Thursday. Monero fell from $53.15 to $52.65. XMR/USD has been trending in a narrow range between $56 and $52.65. The 20-day Simple Moving Average (SMA 20) acts as the immediate market resistance, while the 20-day Bollinger Band has narrowed, indicating decreasing price volatility.

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Editors’ Picks

Ethereum Classic price lags behind Bitcoin and XRP despite upcoming rally

Ethereum Classic price action for the Thursday trade session has been the definition of a whipsaw. The daily candlestick open has dropped as much as 9.5% and spiked higher by as much as 10.5% - big swings in all directions.

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VeChain price nears a 120% bullish breakout

VeChain price has made significant gains during the Thursday trade session, capitalizing on Ethereum’s bullish move to new all-time highs. VeChain itself has traded higher than 10% on the day, outperforming the majority of its peers. VeChain is likely to convert to bull-market conditions ahead of most altcoins.

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Polkadot price sees bullish breakout, but risks fading

Polkadot (DOT) has made another attempt to break out of the bullish triangle. This is the fourth time already in just one month that price has tried to break to the upside, making it primed to likely succeed at the next attempt.

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Litecoin bears want to take over, but LTC price still eyes $400

Litecoin price attempts to outperform Bitcoin and Ethereum. A rally of over 100% is likely if Litecoin can crack above some key resistance levels ahead. Litecoin is on target to make its own, new all-time highs if conditions are favorable.

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