Bitcoin price & Altcoin analytics

Selling has been relatively stable as XRP traded for the past four days. Ripple traded above $0.18 in the last few days as it moves up to retest the $0.20 resistance level. The relative stability of the coin means that the selling pressure subsided above $0.18. The bulls could have used that period to buy at the upper price level. Hopefully, Ripple is making an impressive move as it climbs above $0.19.

In the last 24 hours, buyers came back to stop the bearish run at $120. Interestingly, buyers are fully committed as the market moves and approach the $131. The bottom line is that buyers intend to move above the $140 where the coin had an initial breakdown. The coin's inability to go up has been held back because of a lack of demand at higher levels.

Interestingly, BCH is making another impressive move to get to the supply zones. Can it breach the $197 supply zone? After the coin dropped to $170 low, the bulls were repelled at the $197 supply zone. The coin drops to $184 low. Today the bulls are making a repeat attempt on the supply zones.

Undeniably, the downward move has become unavoidable as the coin continues to fall. The bulls have made two unsuccessful attempts at the $135 supply zone. After the first attempt, the ETH found support at $127.50 price level but the coin moved up for a second retest. The second retest was repelled as the coin fell to a low of $125.

Today, Ripple is trading at $0.18 after establishing a price range of between $0.17 and $0.20. In the last one week, XRP has neither traded above $0.20 nor fallen below $0.17. Three days ago, the coin has been making gradual fall after facing resistance from the $0.20 supply zone. This has been the scenario for the past one week. As the coin moves downward, two things are likely to happen. One, the bears may want to break the $0.17 low and resume the downtrend

Currently, BCH is fluctuating over $187 after testing the $200 supply zone. Previously, BCH had traded in the previous price range before its eventual breakdown. Two days ago, the bulls were unsuccessful at breaking the $200 resistance. The coin was resisted and it retraced to the $187 low.

Disappointingly, the pair was repelled after testing the  $7,600 resistance and slumped to $7,200. It appears the buying power of the coin is not sufficient at the upper price level to propel the coin. Assuming the market is ready; a break over $7,800 will achieve a minimum target of $9,200. Once more, if the uptrend is sustained above $9,200, there is no doubt the coin will surpass the $10,000 mark.

About 48 hours ago, the downtrend corrected as the coin headed to the $42 supply zone. Previously, LTC dropped to $39 on November 20 but has moved up to $41. The price movement has been insignificant because of the low volatility. Litecoin is in the bearish trend zone and if defended aggressively by the bears the downtrend will continue.

A week ago, XRP was in a bearish run as Ripple reached the $0.17600 low. Proficiently, the bulls defended the $0.17 low as more buyers at a lower demand zone were encouraged. The eventual rise was interrupted at $0.20 supply zone. The bulls were not able to break through the $0.20 price level.