Bitcoin price & Altcoin analytics

Litecoin crashed to $43 after the last bearish impulse. Previously, the coin had been trading above $50 for over a month before the market went up. This sudden price jump hit resistance at $65. After a pullback, the bulls retested the resistance to form a bearish double top pattern. This pattern formation led to a further drop of Litecoin to a low of $43.

Regrettably, the pair shows no signs of recovery below the price at $150 and $160. Yesterday, the coin made a pullback and retested the price at $150 resulting in further depreciation. A retest is a confirmation that the bearish trend is ongoing. The bears have capitalized on this to sink the coin to the previous low.

Since November 29, the bears are in control of price as the selling pressure persists. The price movement has been insignificant as the coin gradually depreciates daily. On December 2, Bitcoin dropped to a low of $7,302, while today the market is approaching the low of $7,100 as at the time of writing.

Bitcoin Cash continues its bearish run but may revisit the price at $192. It has maintained its fluctuation within the price range of $200 and $240. Nevertheless, the bears had at one time broken the support as the price reaches another low of $192. There was a spontaneous pullback as BCH moved up toward the earlier range.

Ripple's impressive run is over as buyers are overwhelmed after an initial uptrend. Thereafter, the price commenced dropping gradually from $0.02330 to $0.22138. Ripple depreciated as a result of the absence of buyers. However, Ripple fell and found support at $0.22 which may face further selling.

As bulls and bears struggle below the resistance at $50, the bears seem to have the upper hand. On November 29, the bulls were resisted at $50, and the coin drops to a low at $46. The bulls pulled back and retested the resistance at $48. Litecoin is now in a downward move and it is likely to reach the previous low at $43. A break below the previous low at $43 will depreciate Litecoin to drop at $36. Meanwhile, a defense by the bulls at the current support will make the coin resumes a sideways move and probably form a price range. From every indication, the coin may fall since it is under bears’ control.

Ethereum has continued its gradual slide as the price drops from the previous high of $158. Sellers have formed a formidable resistance at the $150 and $160 which was once under buyers’ control. The selling is expected to continue to a low of $136. However, if the bears break the low at $136, Ethereum will continue its downtrend. Alternatively, if  ETH falls and finds support at $140, buyers will come in and take control of price. There are indications that if the downtrend resumes, ETH will nosedive to the low of $120.

The coin has continued to fall to a bullish falling wedge pattern. The price pattern widens from the top, and contracts as Bitcoin continues its downtrend. As Bitcoin falls and slopes down, this pattern may eventually reverse the current trend. Three days ago, the pair reached a high of $7,800 and began another downward move.

Recently, Monero, DASH, and NEO were making impressive moves. These cryptocurrencies made bullish adventures that resulted in stiff resistance causing the coins to drop. The coins dropped and made a pullback which was rejected as the coins face another selling. The Dogecoin and Maker have been relatively stable in price as the coins continue its sideways move.