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Thursday

26 November 2020

Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, DASH

Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, DASH


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If the bulls can now push the price above $18,695.75, a rally to the all-time high is possible.

If the buyers can drive the price above $20,000, the BTC/USD pair could pick up momentum and form a blow-off top.

If the pair turns down from the current levels and drops below $17,629, the decline could extend to the 20-day EMA.

If the bulls can sustain the price above the downtrend line, a retest of the overhead resistance at $18,965.75 is possible.

If the bulls can push the price above $561.223, the uptrend could resume with the next target objective at $625.

Conversely, if the price turns down from the current levels or the overhead resistance, the bears will try to sink the pair below the 20-EMA.

The 4-hour chart shows that the bulls are buying on dips closer to the $0.40 levels but they are struggling to sustain the price above $0.46.

If the bulls can push the price above $0.46, a retest of $0.495663 is possible.

Litecoin (LTC) is in a strong uptrend and the bulls had pushed the price above the overhead resistance of $84.3374 on Nov.

If the bulls can push the price back above $84.3374 and sustain the breakout, the LTC/USD pair could resume the uptrend and rally to $100.

The 4-hour chart shows that selling intensified after the bears dragged the price below $84.3374, but the sellers could not capitalize on the break below the 20-EMA.

If the bulls can sustain the price above $84.3374, the uptrend could resume.

On the other hand, if the price turns down from the current levels and breaks below $78, the pair could correct to the 50-simple moving average at $75.

This suggests that failure to sustain the price above $94.1813 could have attracted profit-booking by short-term traders.

If the price rebounds off this level, the bulls will again try to resume the uptrend by pushing the DASH/USD pair above $95.4549.

On the other hand, if the pair turns down from the current levels and the bears sink the price below the 20-EMA, the bulls will try to arrest the decline at the 50-SMA.

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cointelegraph.com
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