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Price analysis 11/24: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

source: coin360
  • The overall market condition is bullish as BTC hitting a new 52-week high, and the Altcoins are also performing well
  • Bitcoin is sustaining above the price level of $18.4k, and Ethereum is holding the level of $560.
  • The‌ ‌global‌ ‌market‌ ‌capitalization‌ ‌has‌ ‌dropped‌ ‌to‌ ‌$569.39B ‌resulting‌ ‌in‌ ‌a‌ gain of‌ ‌4.06%‌ ‌over‌ ‌the‌ day
  • The total volume traded over the last 24 hours is recorded as over $275.78B resulting in an increment of +27.68% over the day
  • The Dominance of crypto king declines to 61.77% resulting in a loss of -1.44%

BTC/USD

Source: Coinmarketcap

Bitcoin is today’s trading session hit a new 52-week high of $19,050 with an intraday gain of 2.20%; after clearing the resistance of $18,950, it is heading towards the level of $19K.The volume recorded in the last 24-hours is of $52,023,265,743 and while the market capitalization of $349,228,253,454. Over the daily chart, BTC, after testing the level of $19k, faced some profit booking. 

ETH/USD

Source: Coinmarketcap

Ethereum on today’s trading session shows the bullish movement and makes the new intraday high of $609.99, after hitting the level of $609.99 is slipped from days high and currently trading at $598.85 with the minor gain of 1.77%, supported by the volume recorded in the last 24-hours $30,489,428,659 and the market capitalization stands at $68,923,508,614. The positive bump over the day can result from the total quantity required in the deposit contract for Ethereum 2.0 finally met with complete staking counting to 525,120 ETH and counting this means that the threshold to launch the ETH 2.0 mainnet has been reached.

XRP/USD

Source: Coinmarketcap

 XRP, after hitting the high of $0.7680, the profit booking pulls the coin to the level of $0.5800 and again heading towards the level of $0.7500. XRP is currently trading at $0.6375, with a massive gain of 36.80% in today’s trading session. The volume recovered in the last 24-hours $30,786,083,792 and while the total market capitalization $28,981,894,109.

LINK/USD

Source: Coinmarketcap

Link slips from the days high of $93.58 and currently trading at the level of $88.88 with a marginal gain of 1.50% in the last 24-hours supported by the volume of $9,499,917,469 and the total market capitalization of $5,871,454,056. The coin participated in the bull run of the market as gains around 22.83% over the last seven days, and it is consolidating after the sharp dip of $86.10. 

BCH/USD

Source: Coinmarketcap

BCH’s intraday chart reflects on the significant bullish move made by the price levels, which included a positive breakout against $300.00 and further capitalization on the move by bringing the CMP to $335.76. The crypto asset has a massive overall gain of 12.58% over the day, with BCH/BTC pair performing positive by 10.61%, bringing the current level down to 0.01773573 BTC. The market capitalization has reached to $ 6,237,167,784 with the 24-hour volume traded of $ 8,202,855,864. 

LTC/USD

Source: Coinmarketcap

Litecoin again retested the resistance level of $90.00 and faced negative reversals. However, the price levels maintained its positive move by having an overall gain of 1.84%, bringing the CMP to $89.48. The LTC/BTC pair also performed positively with a marginal gain of 0.25%, bringing the current level to 0.00472311 BTC. The market capitalization has reached to $5,885,742,936 and the 24-hour volume traded to $9,527,557,225. 

BNB/USD

Source: Coinmarketcap

Binance coin was able to perform positive after breaking above the resistance mark of $30.00 and further moving towards significant resistance placed at $33.00. The CMP is positioned at $32.88 with a significant overall gain of 7.02%, bringing the market capitalization to $4,762,909,188 with the 24-hour volume traded of $754,725,904. The BNB/BTC pair is also performing positive by 6.17%, bringing the current level to 0.00174497. The price behavior of BNB, around $33.00, has been volatile on previous occasions spreading a word of caution for the investors. 

DOT/USD

Source: Coinmarketcap

After breaking above the bullish mark of $6.00, Polkadot started to face negative reversals, resulting in a retracement of around 1.00% on Tuesday’s market session. The CMP is now placed at $5.71 with market capitalization at $5,047,024,339 and the 24-hour volume traded of $ 1,254,401,963. The DOT/BTC pair is also performing negative with a loss of -2.845, bringing the current level down to 0.0029615 BTC. The negative performance of the DOT/BTC pair might provide more negative momentum to the price levels. 

ADA/USD

Source: Coinmarketcap

Cardano price levels have sustained the positive momentum of Tuesday’s market session. The CMP is placed at $0.156502 with an overall gain of 2.21%, bringing the market capitalization to $4,890,194,891 with the 24-hour volume traded to $2,866,575,038. However, the ADA/BTC pair faces a marginal loss of -0.12%, bringing the current level to 0.00000822 BTC. 

BSV/USD

Source: Coinmarketcap

Bitcoin SV had a positive breakout against the crucial mark of $200.00 on Tuesday’s market session. However, the crypto asset’s positive move was not sustainable and resulted in a negative breakout against the same mark. The CMP is now placed at $198.03 with an overall gain of 7.54%, bringing the market capitalization to $ 3,860,245,891 with the 24-hour volume traded of $ 1,906,265,568. The BSV/BTC pair is also performing positive by 4.535, bringing the current level to 0.01036179 BTC. Overall, the coin’s positive sentiment is still sustained in the market, and a retest of $200.00 is pretty much expected again. 

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.