Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Tether, Litecoin, Bitcoin SV, TRON, Cardano, IOTA: Price Analysis, Dec. 20

When the crypto-favored regulations are on the verge of finalizations from the authorities worldwide and besides this, the macro factors that are amenable to the new age currencies – digital currency have caused a slight uptrend in most of the cryptocurrencies which can be discussed later in this analysis. While analyzing the current scenario, the investors’ capital are gaining in value where the top twelve cryptocurrencies have started gaining momentum to all those that have invested. Let us have a look at the current scenario of all these currencies.

Bitcoin Price Analysis – BTC/USD

The 1st largest cryptocurrency – Bitcoin having its market cap stands at the level of $65,996,858,694,03:41 UTC on December 20 has experienced a dip in current value by 40% relative to the level of November 13, however at present it is believed to have created a dramatic trend by soaring high by 17% relative to December 16 as analyzed from the aforesaid graph. The major causes for the decline in value relative to recent all-time high were, of course, the competitive pressure, the bearish moments, and macro factors from around the world. But the current value trade above the EMA signifies an “uptrend” in value. The “descending channel” signifies and explains the scenario in a much better way as to how the BTC/USD pair created downtrend since its all-time high till date. Those involved in trading activities, are better to trade today to reap the rise in value as the current price trade above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The BTC/USD remained range bound from September 09 to October 14 this year, as the cryptocurrency rallied from a low of $6183 to a high of $7775 which is a 25.74 percent return within 35 days. However, based on the current trend, the next support level could be $4200.

Ripple Price Analysis – XRP/USD

XRP/USD

The 2nd largest cryptocurrency – Ripple having its market cap stands at the level of $14,549,548,855, 03:41 UTC on December 20 has plunged in current value by 34.28% relative to the level of November 06, however it experienced gain in value by 28% relative to December 15 as analyzed from the aforesaid graph. It seems that Ripple has followed the footsteps of the crypto major – Bitcoin! The major causes for the decline in value relative to recent all-time high were, of course, the competitive pressure and the strong bearish trends from around the world. But the current value trade above the EMA signifies an “uptrend” in value. The “descending channel” signifies and explains the scenario in a much better way as to how the XRP/USD pair created downtrend since its all-time high till date. Those involved in trading activities, are better to trade today to reap the rise in value as the current price trade above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The XRP/USD remained range bound from September 09 to October 14 this year, as the cryptocurrency rallied from a low of $0.38 to a high of $0.57 which is a 50 percent – an extraordinary return within 25 days. However, based on the current trend, the next support level could be $0.40.

Ethereum Price Analysis – ETH/USD

ETH/USD

The 3rd largest cryptocurrency – Ethreum having its market cap stands at the level of $10,641,832,942, 03:41 UTC on December 20 has experienced a dip in current value by 51.35% relative to the level of November 06 as analyzed from the graph above. The major causes for the decline in value are of course the competitive pressure, the bearish moments, and macro factors from around the world which make it the lowest low of the day before exhaustion set in. As we can analyze from the graph above that both moving averages signify a negative trend as the declining 20-day EMA shows that the balance is tilted in favor of sellers. The “descending channel” signifies and explains the scenario in a much better way. Those involved in trading activities, are better to remain on the sidelines until the current value starts trading above the EMA. However, those that would like to invest in this cryptocurrency, the current fall represent the best opportunity to invest. The ETH/USD remained range bound from September 12 to September 20 this year, as the cryptocurrency rallied from a low of $184 to a high of $255 which is a 38.5 percent return within eight days. However, based on the current trend, the next support level could be $116.

Bitcoin Cash Price Analysis-BCH/USD

BCH/USD

The 4th largest cryptocurrency – Bitcoin Cash having its market cap stands at the level of $2,434,503,929, 03:41 UTC on December 20 has declined in current value by 77.32% relative to the level of November 06 as analyzed from the graph above. The strong bearish pressure has caused a drop in current value by making it the lowest low of the day before exhaustion set in. As we can analyze from the graph above that both moving averages signify a negative trend as the declining 20-day EMA shows that the balance is tilted in favor of sellers. The “descending channel” signifies and explains the scenario in a much better way. However, let us not forget that even though the moving averages continue to fall, the 14-day RSI has been forming a “positive divergence” for the past few days. This is a bullish sign. Traders are advised to remain on the sidelines until the current value start trading above the EMA. However, those that would like to invest in this cryptocurrency, the current fall represent the best opportunity to invest. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The BCH/USD remained range bound from October 29 to November 04 this year, as the cryptocurrency rallied from a low of $408 to a high of $642 which is a 57 percent – an extraordinary return within six days. However, based on the current trend, the next support level could be $170.

EOS Price Analysis – EOS/USD

EOS/USD

The 5th largest cryptocurrency – EOS having its market cap stands at the level of $2,292,366,984, 03:41 UTC on December 20 has slipped in current value by 54.7% relative to the level of November 06, however it traded with gained by 52% relative to December 07 as analyzed from the graph above. But the current value trade above the EMA signifies an “uptrend” in value. The “descending channel” signifies and explains the scenario in a much better way as to how the EOS/USD pair created downtrend since its all-time high till date. Those involved in trading activities, are better to trade today to reap the rise in value as the current price trade above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The EOS/USD remained range bound from September 09 to October 14 this year, as the cryptocurrency rallied from a low of $4.5 to a high of $6.8 which is a 51 percent – an extraordinary return within 15 days. However, based on the current trend, the next support level could be $2.82.

Stellar Price Analysis – XLM/USD

XLM/USD

The 6th largest cryptocurrency – Stellar having its market cap stands at the level of $2,232,138,660, 03:41 UTC on December 20 has experienced a dip in current value by 57.48% relative to the level of November 11, however it soared high by 25% relative to December 16 as analyzed from the aforesaid graph. Let us not forget that the strong bearish pressure has caused a drop in current value by making it the lowest low of the day before exhaustion set in. As we can analyze from the graph above that both moving averages signifies a negative trend as the declining 20-day EMA shows that the balance is tilted in favor of sellers. The “descending channel” elaborates the scenario in a much better way. Those involved in trading activities, are better to remain on the sidelines until the current value start trading above the EMA. However, those that would like to invest in this cryptocurrency, the current fall represent the best opportunity to invest. Amid the entire scenario, the XLM/USD pair remained range bound from September 10 to September 23 this year, as the cryptocurrency rallied from a low of $0.191 to a high of $0.303 which is a 58.6 percent – an extraordinary return within 13 days. However, based on the current trend, the next support level could be $0.130.

Tether Price Analysis – USDT/USD

USDT/USD

The 7th largest cryptocurrency – Tether having its market cap stands at the level of $1,891,227,431, 03:41 UTC on December 20 has experienced again by 4.25% relative to the level of December 05 as analyzed from the graph above. Those involved in trading activities, are better to reap the benefits from trading this currency, as the current value traded above the 20-day EMA signifies “uptrend” in value. It seems that the bullish patterns created as of now. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The USDT remained range bound from December 14 to December 17 this year, as the cryptocurrency rallied from a low of $1.015 to a high of $1.043 which is a 2.75 percent return within three days. However, the preceding ranged from November 30 to December 08 offered an enormous return to the investors. However, based on the current trend, the next support level could be $1.130.

Litecoin Price Analysis – LTC/USD

LTC/USD

The 8th largest cryptocurrency – Litecoin having its market cap stands at the level of $1,771,000,963, 03:41 UTC on December 20 has plunged in current value by 46.42% relative to the level of November 06, however it traded with gained by 34.5% relative to December 13 as analyzed from the graph above. Let us not forget that the current value traded above the EMA signifies an “uptrend” in value. The “descending channel” signifies and explains the scenario in a much better way as to how the LTC/USD pair created downtrend since its all-time high till date. Those involved in trading activities, are better to trade today to reap the rise in value as the current price trade above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The LTC remained range bound from October 29 to November 06 this year, as the cryptocurrency rallied from a low of $48.57 to a high of $57.223 which is a 17.8 percent return within eight days. However, based on the current trend, the next support level could be $34.

Bitcoin SV Price Analysis – BSV/USD

BSV/USD
The 9th largest cryptocurrency – Bitcoin SV having its market cap stands at the level of $1,581,124,908, 03:41 UTC on December 20 has slashed in current value by 35.6% relative to the level of November 17, however it traded with gained by 31.6% relative to December 15 as analyzed from the aforesaid graph. Let us not forget that the current value traded above the EMA signifies an “uptrend” in value. Those involved in trading activities are recommended to buy today to reap the rise in value as the current price trade above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The BSV remained range bound from November 23 to December 7 this year, as the cryptocurrency rallied from a low of $43.36 to a high of $114 which is a 162.9 percent – an extraordinary return within 14 days. However, based on the current trend, the next support level could be $105.

Tron Price Analysis – TRX/USD

TRX/USD

The 10th largest cryptocurrency – Tron having its market cap stands at the level of $1,065,975,659, 03:41 UTC on December 20 has experienced a dip in current value by 35% relative to the level of November 06, however it started soaring high with gained by 37.5% relative to November 26 as analyzed from the aforesaid graph. Let us not forget that the current value traded above the EMA signifies an “uptrend” in value. With this, the TRX/USD created “Triangle” experiencing fluctuated trends till date which can be interpreted from the graph above. Those involved in trading activities are recommended to trade and by more of the currency to reap the rise in value as the current price trade above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The TRX remained range bound from September 18 to October 14 this year, as the cryptocurrency rallied from a low of $0.0181 to a high of $0.0280 which is a 54.69 percent – an extraordinary return within 26days. However, based on the current trend, the next support level could be $0.020.

Cardano Price Analysis – ADA/USD

ADA/USD

The 11th largest cryptocurrency – Cardano having its market cap stands at the level of $910,124,226, 03:41 UTC on December 20 has experienced a dip in current value by 57.65% relative to the level of November 06, however it gained in current value by 31.5% relative to December 15. It seems that the present value starts trading above the EMA thereby increasing the value of the investors’ capital soon. The major causes for the decline in current value since its all-time high level were, of course, the competitive pressure, the bearish moments, and macro factors. With this, the ADA/USD pair created “descending channel” signifies and explains the scenario in a much better way. However, let us not forget that even though the moving averages continue to fall, the 14-day RSI has been forming a “positive divergence” for the past few days. Besides this, the ‘upper price range’ and ‘lower price range’ mid-October until November 12 observed the fluctuated flat trends. However, based on the current trend, the next support level could be $0.040.

IOTA Price Analysis – MIOTA/USD

MIOTA/USD

The 12th largest cryptocurrency – IOTA having its market cap stands at the level of $788,619,998, 03:41 UTC on December 20 has experienced a dip in current value by 44.73% relative to the level of November 06 as however at present it is believed to have created a dramatic trend by soaring high by 35.13% relative to December 14 as analyzed from the aforesaid graph. The major causes for the decline in value relative to recent all-time high were, of course, the competitive pressure, the bearish moments, and macro factors from around the world. But the current value trade above the EMA signifies an “uptrend” in value. The “descending channel” signifies and explains the scenario in a much better way as to how the IOTA/USD pair created downtrend since its all-time high till date. Those involved in trading activities, are better to trade today to reap the rise in value as the current price trade above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The IOTA/USD remained range bound from September 09 to October 14 this year, as the cryptocurrency rallied from a low of $0.4345 to a high of $0.80 which is an 84 percent – an extraordinary return within 12 days. However, based on the current trend, the next support level could be $0.35.

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