Investing

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.

Expectantly, Bitcoin fell and rebounded above $6,500 on December 18. The $6,500 was the previous low of November 25. The market respected the historical price level and rebounded. Bitcoin would have been in a disadvantageous position if the previous low had been broken. The bears could have taken the price to a low of $5,500. The rebound or the upward movement is a positive move as it will clear any dent on sentiment.

Expectantly, the bears broke the price range between $42 and $50. Litecoin fell to the $36 low but instantly pulled back to retest the price at $42. LTC fell back to a sideways move. However, since the retest was repelled, LTC is likely to fall. The price action is expected to reach the $36 low.

Ethereum collapsed, as bears made a final downward push to the $120 support. The bears have been consistent in the downward move as ETH finds support at current level. The buyers had earlier curtailed sellers above $140 before the recent breakdown. Incidentally, as ETH reaches the currently low, it gets deeper into the $120 support level.

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.

Bitcoin dropped to the $7,000 low and moved up to retest $7,200 resistance. A possible rebound is expected as the coin finds support at $7,000 or $6,800

Ethereum falls but may find support at $140. Ethereum may risk depreciation if the low at $140 is breached

Buyers and sellers are unrelenting as the tussle for price possession continues unabated beneath the horizontal channel. Last week, the bearish trend was from a high of $152 to $140. The coin rebounded at $140 and moved up to $145.