Bitcoin, Ripple, Ethereum, Stellar, Tether, EOS, Bitcoin Cash, Bitcoin SV, Litecoin, TRON, Cardano, Monero: Price Analysis, Dec. 13

Since crypto world manifests a variety of options for innovators besides community users and investors, it is worthwhile that the return on invested capital must reflect the true picture thereby offering a very good long-term return to all those that have invested in the digital currency world. While analyzing the top twelve cryptocurrencies through a variety of mechanism namely EMA, RSI which definitely helps users to understand as to how to go ahead with the current investments and what lies ahead. Let us discuss each of them one by one as follows:

Bitcoin Price Analysis – BTC/USD

The 1st largest cryptocurrency – Bitcoin having its market cap stands at the level of $59,898,432,176, 04:08 UTC on December 13 by CoinMarketCap has experienced a dip in current value by 47.37% relative to the level of November 07 as analyzed from the graph above. The major caused 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. Both moving averages have significantly down represented a negative sign and “downtrend.” With this, EMA shows that the bears have the upper hands as the BTC remains in a bearish trend in its medium-term outlook until the next “uptrend” takes place. There are no bullish patterns that suggest a buy; hence, it is best to remain on the sidelines. However, at present, those involved in trading activities should wait for the trend to rebound and a bottom to form before initiating any long positions in it. Amid this, the others, who believe in the story of blockchain and cryptocurrencies, the current fall offers a great opportunity to invest for the long term. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The BTC remained range bound from September 09 to October 15 this year, as the cryptocurrency rallied from a low of $6192 to a high of $7803 which is a 26 percent return within 16 days. If bulls succeed in rising and sustaining above the current resistance level $3485 and create “uptrend” in value (i.e. traded above the EMA) the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $3486.

Ripple Price Analysis – XRP/USD

XRP/USD

The 2nd largest cryptocurrency – Ripple having its market cap stands at the level of $12,453,107,503, 04:08 UTC on December 13 has slashed in current value by 45% relative to the level of November 06 as analyzed from the graph above. Since both moving averages have significantly down represented a negative sign. While both the EMA show that the bears have the upper hands as the XRP remains in a bearish trend in its medium-term outlook until the next “uptrend” takes place. While no bullish patterns that suggest a buy and so those involved in trading activities should wait for the trend to rebound and a bottom to form before initiating any long positions in it, the 20-day EMA is sloping down shows that the balance is tilted in favor of sellers. Besides this, the cryptocurrency range bound from August 15 to September 22 this year, as the cryptocurrency rallied from a low of $0.2733 to a high of $0.7990 which is a 192 percent – an extraordinary return within 38 days. If bulls succeed in rising and sustaining above the current resistance level $0.3098 and create “uptrend” in value (i.e. traded above the EMA) the investors will start buying more of this currency. However, based on the current trend, the next support level could be $0.3075.

Ethereum Price Analysis – ETH/USD

ETH/USD

The 3rd largest cryptocurrency – Ethereum with its current market cap stands at the level of $9,322,829,871, 04:08 UTC on December 13 has declined in current value by 61.68% relative to the level of November 06 as analyzed from the graph above. It seems 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 that both moving averages have significantly down, and the 14-day RSI has hit deeply oversold levels may represent the ‘downtrend’ in value. While both the EMA and the RSI in the oversold territory show that the bears have the upper hands as the ETH remains in a bearish trend in its medium-term outlook until the next “uptrend” takes place. Let us not forget that the 14-day RSI has declined deep into the oversold territory, which suggests a pullback is around the corner. Since no bullish patterns that suggest a buy, hence, it is best to remain on the sidelines. The 20-day EMA is slopping down, and the RSI is in the oversold territory, which shows that the balance is tilted in favor of sellers. Amid this, the others, who believe in the story of blockchain and cryptocurrencies, the current fall offers a great opportunity to invest for the long term. The ETH remained range bound from September 13 to October 15 this year, as the cryptocurrency rallied from a low of $183 to a high of $241 which is a 31.69 percent return within 32 days. However, if bulls succeed in rising and sustaining above the current resistance level $91.30 and create “uptrend” in value (i.e., traded above the EMA), the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $91.

Stellar Price Analysis – XLM/USD

XLM/USD

The 4th largest cryptocurrency – Stellar having its market cap stands at the level of $2,150,780,646, 04:08 UTC on December 13 has extended a drop in value since last support level as the current value down by 59.9% relative to the level of November 11 as analyzed from the graph above. The strong bearish pressures have been responsible for causing a drop in current value. Both moving averages have declined to represent a negative sign. While both the EMA and the RSI in the oversold territory show that the bears have the upper hands, and amid this, the XLM remains in a bearish trend in its medium-term outlook until the next “uptrend” takes place. The 20-day EMA is slopping down, and the RSI is in the oversold territory, which shows that the balance is tilted in favor of sellers. Amid this, the others, who want to invest in this cryptocurrency, the current fall offers a great opportunity to invest for the long term. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The XLM remained range bound from October 11 to November 11 this year, as the cryptocurrency rallied from a low of $0.205 to a high of $0.281 which is a 37.07 percent return within 31 days. If bulls succeed in rising and sustaining above the current resistance level $0.1135 and create “uptrend” in value (i.e. traded above the EMA), the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $0.1130.

Tether Price Analysis – USDT/USD

USDT/USD

The 5th largest cryptocurrency – Tether having its market cap stands at the level of -$1,873,954,828, , 04:08 UTC on December 13 has experienced a dip in current value by 0.88% relative to the level of December 08, however it soared high by 2.07% relative to December 05 as analyzed from the aforesaid graph. If we analyze the recent scenario, the USDT remained range bound from October 05 to December 07 this year, as the cryptocurrency rallied from a low of $0.999 to a high of $1.088 which is an 8.9 percent return within 33 days. If bulls succeed in rising and sustaining above the $15 and create “uptrend” in value (i.e. traded above the EMA), the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $16.

EOS Price Analysis – EOS/USD

EOS/USD

The sixth largest cryptocurrency – EOS having its market cap stands at the level of 1,755,150,230, 04:08 UTC on December 13 has plunged in current value by 66.39 relative to the level of November 06 as analyzed from the graph above. The major caused to decline in current value is none other than the bearish pressure which makes it the lowest low of the day before exhaustion set in. Since both moving averages have significantly down represented a negative sign. With this, the 14-day RSI has hit deeply oversold levels, which suggests that selling has been overdone and a pullback is likely. The 20-day EMA is sloping down, and the RSI is in the oversold territory, which shows that the balance is tilted in favor of sellers. Amid this, the others, who believe in the story of blockchain and cryptocurrencies, the current fall offers an excellent opportunity to invest for the long term. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The EOS remained range bound from September 17 to October 15 this year, as the cryptocurrency rallied from a low of $4.79 to a high of $6.09 which is a 27 percent return within 28 days. If bulls succeed in rising and sustaining above the current resistance level $1.02476 and create “uptrend” in value (i.e. traded above the EMA), the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $1.020.

Bitcoin Cash Price Analysis-BCH/USD

BCH/USD

The seventh largest cryptocurrency – Bitcoin Cash with its market cap stands at the level of $1,714,594,562, 04:08 UTC on December 13 has extended a drop in current value by 85.28% relative to the level of November 06 as analyzed from the graph above. Since both moving averages have significantly declined, represent a negative sign. The 14-day RSI has hit deeply oversold levels, which suggests that selling has been overdone and the balance is tilted in favor of the seller. There are no bullish patterns that indicate a buy. Hence, it is best to remain on the sidelines. The BCH remained range bound from October 12 to November 05 this year, as the cryptocurrency rallied from a low of $421 to a high of $626 which is a 48.69 percent – an extraordinary return within 24 days. If bulls succeed in rising and sustaining above the current resistance level $94.15 and create “uptrend” in value (i.e. traded above the EMA), the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $97.

Bitcoin SV Price Analysis – BSV/USD

BSV/USD

The eighth largest cryptocurrency – Bitcoin SV with its market cap stands at the level of $1,526,520,234, 04:08 UTC on December 13 has experienced a dip in current value by 20% relative to the level of November 26 as analyzed from the graph above. While the declining EMA show that the bears have the upper hands as the BSV remains in a bearish trend in its medium-term outlook until the next “uptrend” takes place. There are no bullish patterns that suggest a buy; hence, it is best to remain on the sidelines. However, at present, those involved in trading activities should wait for the trend to rebound and a bottom to form before initiating any long positions in it. The 20-day EMA is sloping down shows that the balance is tilted in favor of sellers. 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 November 26 this year, as the cryptocurrency rallied from a low of $38.73 to a high of $124 which is a 220 percent – an extraordinary return within three days. If bulls succeed in rising and sustaining above the $87.41 and create “uptrend” in value (i.e. traded above the EMA), the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $87.

Litecoin Price Analysis – LTC/USD

LTC/USD

The 9th largest cryptocurrency – Litecoin with its market cap stands at the level of $1,437,099,036, 04:08 UTC on December 13 has declined in current value by 57.8% relative to the level of November 06 as analyzed from the graph above. One can estimate that the strong bearish pressure has successfully caused a drop in current value thereby creating ‘downtrend.’ Since both moving averages have significantly down represented a negative sign. While both the EMA show that the bears have the upper hands, also note that the LTC remains in a bearish trend in its medium-term outlook until the next “uptrend” takes place. There are no bullish patterns that suggest a buy; hence, it is best to remain on the sidelines. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The LTC remained range bound from September 12 to September 27 this year, as the cryptocurrency rallied from a low of $50.65 to a high of $66 which is a 30.30 percent return within 15 days. If bulls succeed in rising and sustaining above the current resistance level $24.185 and create “uptrend” in value (i.e. traded above the EMA), the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $25.

Tron Price Analysis – TRX/USD

TRX/USD

The 10th largest cryptocurrency – Tron having its market cap stands at the level of $878,350,138, 04:08 UTC on December 13 has slashed in current value by 46.4% relative to the level of November 06 as analyzed from the graph above. Both moving averages have significantly down represented a negative sign, and it seems that the bears have the upper hands. The TRX remains in a bearish trend in its medium-term outlook until the next “uptrend” takes place. There are no bullish patterns that suggest a buy; hence, it is best to remain on the sidelines. However, at present, those involved in trading activities should wait for the trend to rebound and a bottom to form before initiating any long positions in it. The 20-day EMA is sloping down shows that the balance is tilted in favor of sellers. Amid this, the others, who believe in the story of blockchain and cryptocurrencies, the current fall offers a great opportunity to invest for the long term. 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 $0.0185 to a high of $0.0277 which is a 49.72 percent – an extraordinary return within 26 days. If bulls succeed in rising and sustaining above the current resistance level $0.0135 and create “uptrend” in value (i.e. traded above the EMA), the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $0.014.

Cardano Price Analysis – ADA/USD

ADA/USD

The eleventh largest cryptocurrency – Cardano having its market cap stands at the level of $783,190,760, 04:08 UTC on December 13 has experienced a dip in current value by 62% relative to the level of November 06 as analyzed from the graph above. Since both moving averages have significantly down represented a negative sign. The declining EMA shows that the bears have the upper hands as the ADA remains in a bearish trend in its medium-term outlook until the next “uptrend” takes place. There are no bullish patterns that suggest a buy; hence, it is best to remain on the sidelines. The 20-day EMA is sloping down shows that the balance is tilted in favor of sellers. Amid this, the others, who believe in the story of blockchain and cryptocurrencies, the current fall offers a great opportunity to invest for the long term. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The ADA remained range bound from October 12 to November 06 this year, as the cryptocurrency rallied from a low of $0.069 to a high of $0.082 which is an 18.84 percent return within 25 days. If bulls succeed in rising and sustaining above the current resistance level $0.031 and create “uptrend” in value (i.e. traded above the EMA), the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $0.032.

Monero Price Analysis – XMR/USD

XMR/USD

The twelfth largest cryptocurrency – Monero with its market cap stands at the level of $721,655,663, 04:08 UTC on December 13 has declined in current value by 62.63% relative to the level of November 06 as analyzed from the graph above. The major caused 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. We can easily analyze that both moving averages have significantly declined to represent a negative sign, and so much so that the 14-day RSI has hit deeply oversold levels, which suggests that selling has been overdone and a pullback is likely. While both the EMA and the RSI in the oversold territory show that the bears have the upper hands, however, at present those involved in trading activities should wait for the trend to rebound and a bottom to form before initiating any long positions in it. The 20-day EMA is sloping down, and the RSI is in the oversold territory, which shows that the balance is tilted in favor of sellers. Amid this, the others, who believe in the story of blockchain and cryptocurrencies, the current fall offers an excellent opportunity to invest for the long term. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The XMR remained range bound from August 14 to September 03 this year, as the cryptocurrency rallied from a low of $84.559 to a high of $143 which is a 70 percent – an extraordinary return within 19 days. If bulls succeed in rising and sustaining above the current resistance level $43.157 and create “uptrend” in value (i.e. traded above the EMA), the investors will start buying this currency more and more thereby increasing its value. However, based on the current trend, the next support level could be $43.

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