A breakout of this resistance could resume the uptrend with the next target at $520 and then $550.XRP/USD. XRP attempted to break out of the range on Nov. 7 but the bears pushed the price right back in.
If the bulls can push the price above the overhead resistance zone, a rally to $300 and then to $326.30 is possible.
The positive thing is that the altcoin bounced off the 20-day EMA and the bulls are again trying to push the price above the overhead resistance.
The bulls attempted to push the price above the moving averages on Nov. 7 but they failed.
If the LTC/USD pair turns down from the current levels or the overhead resistance and plummets below the 20-day EMA, it will increase the possibility of a drop to the 50-day SMA. On the other hand, if the pair rebounds off the 20-day EMA, the bulls will make one more attempt to push the price above $64. If they succeed, a rally to $68.9008 is possible.
The bulls are trying to keep the price above the moving averages and the RSI has also taken support at the 50 level.
The positive thing is that the bulls have not allowed the price to dip below the moving averages.
The bulls will again attempt to push the price above the overhead resistance.
A break below the moving averages will signal weakness and the bears will then try to sink the pair below $0.0893.BSV/USD. Bitcoin SV continues to trade inside the broad range of $146 to $181. The price has been oscillating above and below the moving averages for the past three days, which shows that traders are undecided about the next move.
The trend will shift in favor of the bulls if they can push the price above the overhead resistance at $181. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.
Price analysis 11/9: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV
Udgivet den Nov 9, 2020
by Cointele | Udgivet den Coinage
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