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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD stuck hopelessly between strong resistance and support levels

After three consecutive bearish days, BTC/USD bulls are mounting a weak comeback. So far this Thursday, they managed to pick up the price from $8,085 to $8,102. The daily confluence detector shows us that currently, the price is stuck ...

More Bitcoin News

Litecoin price analysis: LTC/USD trends in a downward channel formation

LTC/USD is currently priced at $55 and has had a bullish start to this Thursday. The daily price chart is still trending in a downward channel formation. The hourly chart for Wednesday and Thursday shows us that the price  ...

More Litecoin News

Tron price analysis: TRX/USD must defend the falling channel for dear life

Tron is disintegrating within a falling wedge pattern. The declines come after a failed attempt to rise above the resistance at $0.023. A lower high and lower low pattern has been the norm in the last three weeks.

More TRON news

Bitcoin Cash price update: BCH/USD future is still bright, $300 is the rendezvous

Bitcoin Cash recently tested $230 during the slump that shuttered various tentative support areas including $280, $260 and $240. Ranging channel support ($270) was also broken. Following the drop, an effort has been made to ....

More Bitcoin Cash News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: In the middle of nowhere

Bitcoin has been drifting down since the beginning of the week, as the bulls have no luck with the recovery campaign launched during the previous weekend.

Read the weekly forecast

BTC

ETH

XRP