Bitcoin price analysis: BTC/USD bear flag pattern heightens the risk for more declines
Bitcoin price is still suffering the effects of breaking the falling triangle support as observed on the daily chart. Besides, the descending trendline resistance continues to limit movement to the north.
Litecoin price analysis: LTC/USD keeps trending sluggishly in a constricted range
Following a bearish Tuesday, the bulls have taken control of the market. The price of LTC/USD fell from $57 to $54.65 yesterday and has since recovered to around $54.80. Over the last three weeks, LTC/USD is trending in a constricted range of $60 and $54.
Ethereum Classic forcefully breaking away from other cryptocurrencies
Ethereum Classic is all over a sudden breaking away from the rest of the top 30 cryptocurrencies. The digital asset has sprung up recording a 2% increase in value at the beginning of the European session.
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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Why are altcoins down today?
Ethereum, Solana, XRP and the general altcoin market experienced a pullback on Monday, recording over $1.5 billion in futures liquidations. The correction shows that Bitcoin dominance is still outweighing altcoins despite speculations of an alt season.
Ethereum Price Forecast: Investors book over $2.5 billion in profits as ETH declines nearly 10%
Ethereum declined 10% on Monday after investors increased their profit-taking with over $2.5 billion in realized profits.
Crypto Today: MicroStrategy buys BTC again as Ethereum memes rally amid $103B market outflows
The cryptocurrency sector valuation dipped 2.8% to hit $3.46 trillion on Monday, reflecting $103 billion outflows within the daily timeframe.
How high Solana can rally in December, and can SOL beat XRP?
Solana is currently consolidating after hitting its all-time high at $264.39 on November 22. While SOL is consolidating, trade volume declined, however, total open interest remains above average levels. Funding rates aggregated by Santiment show derivatives traders are bullish on SOL.
Bitcoin: Long-awaited $100K milestone meets profit taking
Bitcoin ends the working week hovering around $98,000 after a very volatile Thursday when it surpassed the $100K milestone and underwent a sharp correction. Strong institutional demand, whale accumulation, and the choice of a pro-crypto figure to lead the US SEC fueled the rally this week.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.