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Bitcoin Price Analysis – December 11, 2019: BTC Trades around $7,200

11.12.2019
Bitcoin is currently trading around $7,200, drawing a slow declining trading channel BTC seems to have been facing moderate volatility as compared to other altcoins in the market, as they trade stably The lowest in the said time frame is hit around $7,000, and in the past two days BTC has notably...

Litecoin (LTC) Resumes Yesterday’s Rebound; Yet to Hit the $45 Price Mark

11.12.2019
Litecoin has formed a bullish trendline over a day; the coin gears up to trade above $45 LTC seems to have support levels at $43 along with its 23.60% Fib level Technical indicators are giving negative signals except for SMA lines Despite the recent rebound, the coin is yet to carry out a full...

NEO Trades Bearishly; Looking for an Active Support at $8.38

11.12.2019
NEO is trading downwards, just like any other altcoin in the crypto market. Within the past two days, the coin has experienced a fall from $8.9 to $8.6 trading price area. NEO, at the beginning of December, has fallen from the major resistance price area around $10. NEO currently trades with utter...

Stellar Exhibits a Cumulative Downtrend, But Holds a Bullish Crossover

11.12.2019
Stellar trades at $0.053, after marking a fresh 7-day low at $0.0521 The coin is facing major resistance from $0.0562 after it records a fall from $0.0582 XLM coin gains no active support from the moving averages Stellar’s downtrend is quite emphasized, as observed from the 10-day movement of...

Tron’s Price Recovery Slows Down; Bears Persist

11.12.2019
Tron trades on a mixed note; price rebound has been halted at present TRX coin seems to have a support level at $0.013 The coin has noted a decline of 2.92% over a day; TRX faces market pressure Technical indicators give negative signs largely; shows no sign of volatility Tron (TRX) price saw...

EOS Trades Directionless; Cements Stability Around $2.60

11.12.2019
EOS trades at $2.60 and forms the major support at $2.49 The current trading price area lacks support from the short-term moving averages and trades with immense selling pressure The current price trend of EOS/USD has been consolidating below $2.8 since past 10 days now The EOS price has been...

Verge (XVG) Witnesses a Strong Pullback; Now Looking for a Bottom

11.12.2019
Verge coin may soon find support level at $0.0038 The XVG coin has pulled back heavily after a price rise above $0.0052 Technical indicators look bearish while the coin trades under selling pressure Verge cryptocurrency has somewhat controlled the price decline yesterday; however, the coin has...

Bitcoin Cash’s (BCH) Momentum Looks Bleak

11.12.2019
Bitcoin Cash is the cryptocurrency that was created by the Fork of Bitcoin; Bitcoin Cash is considered as one of the best Blue Chips of cryptocurrencies. It has a Market Cap of 3.7 Billion and ranks number 5 on CoinMarketCap, just behind BTC, ETH, XRP, and Tether. Bitcoin Cash is traded across...

Ethereum Price Unmoved by ‘Missing Link to Mass Adoption’

10.12.2019
It's been almost a week since an important Ethereum (ETH) scalability solution was announced, but the market is still unimpressed by the “missing link to mass adoption of Ethereum.” On December 5, Matter Labs, a developer of scaling and privacy engine for Ethereum, announced this “link”...

Stellar (XLM) Starts the Day on a Bearish Note; Drops by More Than 1%

10.12.2019
Stellar has recently started an uptrend; may cross the 38.20% Fib level The bullish trendline has just been breached with a bearish candle XLM coin seems to have a support level at $0.0536; rebound lacks momentum Technicals look bearish while the coin carries selling pressure Yesterday, in...

Ethereum (ETH) May Have a Bullish Crossover; Hints at Reversal of the Trend

10.12.2019
Ethereum started the trading at $150.97, in the last trading month of 2019. Currently, ETH against USD is trading at $146.93. The king of altcoins—Ethereum has been trading with more volatility as compared to other altcoins in the global crypto market. In the past two days, Ethereum has even...

Monero’s Price Rally Pauses with a Consolidation

10.12.2019
Monero price has been consolidating for the last three days; coin trades above the 61.80% Fib level The XMR coin is trading within the price range of $53 to $55 Technical indicators appear bearish while the coin holds a stable momentum Monero seems to have a support level at $52.01 The crypto...

Dogecoin (DOGE) Trades Bearishly; Hits the Uptrend to Bottom Out at $0.00214

10.12.2019
DOGE/USD is currently trading at $0.00214, as per the data feed on HitBTC Dogecoin trades in the utter selling zone with no immediate support The upward forming trendline was hit by a downside breakout which led the coin to trade around the current trading area Dogecoin, just like any other...

Ripple (XRP) Price Declines Over a Day by More Than 3%

10.12.2019
Ripple price is down by more than 3%; consolidates today The coin is trading below the 23.60% Fib level; recently formed bullish candles The 5-day chart looks positive; however, the XRP coin has corrected down after the notable surge The coin has formed a bearish trendline over the last couple...

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