Downtrend

Finally, the support at $200 has been breached as BCH makes a sharp drop to a low of $176. The support had been holding since September during which the coin was fluctuating between the levels of $200 and $240. In November the selling pressure becomes much as the coin concentrated its fluctuation between $192 and $227.

Suddenly, the low at $42 was beached after three weeks of defense by the bulls. Litecoin has been in a small range of $42 and $50 over a month ago. The bears have been longing at the edge of the support of $42 to break it. Now the low at $42 has been broken, the downtrend has resumed as expected.

Despairingly, Ripple drops again after failing to jump over $0.22. The Market has taken a new shape, as price broke the $0.20 support level. The bear movement is ongoing as the price reaches a low of $0.19. Without any doubt, the coin is likely to find support at a low of $0.18.From the look of things, the bears are still in control of price.

Notwithstanding the price fluctuation, XRP has been trading consistently above the $0.22 price level. This is an added advantage for the bulls to bounce at this price level. This can be done by the introduction of more buyers at this price level.

Litecoin is still crawling as market forces seem to be at equilibrium. The bulls and bears have no overwhelming authority over each other. The coin is still trading in a tight range of $42 and $50.

Ripple (XRP) is fluctuating below the resistance at $0.23. The XRP stands the risk of depreciation if the price at $0.20 is broken.

Bitcoin (BTC) makes a gradual decline to the previous low of $7,000. Now traders may expect Bitcoin to rebound if the market gets a low of $7,000.

Litecoin (LTC) is range-bound between the levels of $43 and $50. The market has been characterized by low price movement.

The XRP/USD pair is trading amid the levels of $0.20 and $0.23. It is assumed that consolidation may occur at a price of $0.22.