Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - Asian Wrap 11 Nov


Bitcoin price analysis: Bulls take a breather after the 4% surge, what’s next?

Bitcoin slumped on Friday last week breaking key support zones at $9,200, $9,000 and $8,800. Fortunately, the bulls gathered enough strength to for a shallow reversal on hitting a low at $8,670. Following the fall into the $8,000 range, BTC pulled upwards in a lethargic movement. 

 

Ethereum price analysis: ETH/USD embarks on the downtrend beneath $190

Ethereum like the other major cryptocurrencies tanked in value on Friday. The price annoyingly gravitated towards the key $180 support but formed a low at $180.69. A following shallow recovery stepped above $190. Further movement towards $200 fell short at $192 leaving the gate wide open for bearish action.

 

Ripple price analysis: XRP/USD hovers between SMA support and resistance

Ripple is pushing the weekend consolidation a notch higher on Monday. This follows Friday’s gravitational movement that touched $0.27 support. A shallow recovery took place over the weekend session but it was dominated by a sideways consolidative action. Besides, the upside was greatly capped at $0.2850.

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Looking for the best path to the Moon

The fight for dominance in the crypto market is at a new turning point. Yesterday at mid-morning, Ethereum showed intentions to move higher. A significant breakout of the long-term downtrend in the ETH/BTC pair can confirm the plans of Ethereum.

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XRP/USD trapped in a range, the range narrows

XRP/USD has stalled in a tight range limited by $0.1700 on the downside and $0.1800 on the upside. The coin  has stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday.

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ETH/USD retreats below 1-hour SMA200, more pain ahead

ETH/USD is changing hands at $228.60. The coin has lost over 1% since the start of the day and gained 1.4% on a day-to-day basis. Ethereum is the second-largest digital asset has the current market value of $25.6 billion and an average daily trading volume of $6.5 billion.

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LTC/USD to continue hibernating in a range

Litecoin is the seventh largest digital asset with the current market value of $2.7 billion and an average daily trading volume of $1.15 billion. The coin is locked in a tight range below $42.00.

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Bitcoin Weekly Forecast: US stocks and Bitcoin options to define Bitcoin's future

Bitcoin bottomed at $8,899 on Thursday, June 25, and recovered to $9,200 by the time of writing. While the pivotal $9,000 remains unbroken, the coin has been oscillating in a tight range for about two weeks now.

Read the weekly forecast

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