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Price Analysis: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, November 13

The opinions and opinions expressed herein are those of the authors / contributors and do not reflect not necessarily the views of Cointelegraph.com. Every movement of investment and trading involves risks; you should do your own research by making a decision.

* Market BTC / USD, ETH / USD and LTC / USD Data are provided by HitBTC Exchange.

The material fork SegWit2x expected from Bitcoin did not materialize, which led to a large-scale dumping of cryptocurrency. This woke the sleeping giant, Bitcoin Cash, who surprised everyone with his huge vertical gathering.

Instead of Ethereum flying Bitcoin for the leading position, Bitcoin Cash returned Ethereum to take second place. However, gravity has caught Bitcoin Cash helping Ethereum to regain its second place

Meanwhile, experts continue to provide optimistic forecasts for Bitcoin, in the short and long term.

Let's see what the graphics predict

BTC / USD

After the rally of $ 650 to $ 2,969.99, cryptocurrency took over from 50% Fibonacci retracement. In the second stage of the rally, which brought Bitcoin from $ 1,752 to $ 4,975, the correction spread to 61.8% of Fibonacci retracement levels. The current fall traced about 50% of the rally, from $ 2,974 to $ 7,875

 BTC / USD "src =" https://cointelegraph.com/storage/uploads/view/ 1baf40cd6690eed9e22914d37fcc0307.png "title =" BTC / USD "/> The upward momentum of today is very similar to the price action over the last two long distance formations </p>
<p dir=the current rally is facing a resistance to the trend line, which had previously served as a support. The 20-day EMMA is also at the same levels. Therefore, we must carefully monitor the levels of 6,500 $.

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If Bitcoin is able to evolve above the trend line, the chances of retesting the ups rise.Otherwise, if the digital currency is turning away from the line of trend, a new test of the lows of yesterday is likely.

have a good signal of purchase with a good risk / reward ratio. the moment

ETH / USD

A few months ago, Ethereum was the darling of the traders. However, in recent times, it has not generated any significant buying interest. The scenario is about to change?

 ETH / USD "src =" https://cointelegraph.com/storage/uploads/view/e20c5f2897138e075ecdeebd024cc554.png "title =" ETH / USD "/> </p>
<p dir= Ethereum was trading between $ 280 and $ 315, but the bulls managed to burst and close twice over resistance to overhead, but they could not sustain the rally

It is therefore recommended to buy cryptocurrency at a close of over $ 315, and the loss of stop should be maintained at $ 280

The first objective Target is $ 353. Therefore, once prices have rallied to $ 353, please increase the stops to balance.Preserve 50% of profits at $ 367 and follow the higher stops.

BCH / USD

We had correctly spotted the rally in Bitcoin Cash in the initial stages., In general, end up doing fair e hurt a lot of buyers arriving late to the party, fearing they missed the rally. Therefore, many times, we prefer to miss a rally if we do not have a good risk / reward ratio, rather than jump in and repent later.

 BCH / USD "src =" https: //cointelegraph.com/storage/uploads/view/75bbdd1c68e56448f55b06fe81fc4a.png "title =" BCH / USD "/> </p>
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Currently , Bitcoin Cash corrects the staggering rally, which took him from under $ 300 levels to $ 2,799, an 833% rally in 21 days.

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The usual levels of Fibonacci retracement could offer no support During the correction, we expect the digital currency to find support at the level of $ 972. The highest precedent, created on August 19

If the support is maintained, we can witness a recovery the uptrend, but there will be a huge door-to-door sellers, stuck at higher positions.We do not expect a repeat vertical rally.

If, however , the support of $ 972 breaks, the cryptocurrency is likely to fall to $ 611. We do not find any a purchase configuration on Bitcoin Cash; therefore, we do not recommend any trade on it.

XRP / USD

Ripple was a latecomer. The bulls showed no interest in buying even when the other altcoins were on fire.

 XRP / USD "src =" https://cointelegraph.com/storage/uploads/view/f6ab9af366cb3661216b675e87c358bc. png "title =" XRP / USD "/> Ripple was traded in the narrow range of $ 0.18 at the lower end and $ 0.22 at the top end. Escape and distribution of this fork have failed. </p>
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In addition, the previous rally attempt was met with strong resistance to the downtrend line, therefore, unless cryptocurrency does $ 0.22 escapes, it is unlikely that she finds support.

Ripple flow at levels of $ 0.166

It might be a good idea to buy Ripple on an escape and close above $ 0.22. The stop loss for the trade should be maintained at $ 0.17

we expect a rally at levels of $ 0.3.

LTC / USD

Although we I have not seen any fireworks at Litecoin, it has at least broken the fo range from $ 44 to $ 57.7 Should we buy it now?

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 LTC / USD "src =" https://cointelegraph.com/storage/uploads/view/eb73b971f2957f38cfab00530ac49d9e.png "title =" LTC / USD "/> Litecoin's attempts to get out of the fork However, the bulls have maintained their buying pressure, increasing the chances of a rally </p>
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The target of the fork breakout is $ 71

suggest to buy Litecoin at current levels of $ 60.4, with a stop loss of 52. We do not want to keep the stock if it falls back into the range once again.

Please reserve 50% of profits at $ 71 and increase the stops on the remaining position to reach the breakeven point, as we expect a rally at $ 80.