Market Overview

Bitcoin, Ripple & Litecoin - American Wrap: 12/2/2019

Share:
Bitcoin, Ripple & Litecoin - American Wrap: 12/2/2019

Bitcoin Technical Analysis: BTC/USD Extends To Three-Day Losses Out Of A Bearish Flag

Bitcoin price is trading in negative territory, down some 1.45% in the second half of the session. 

BTC/USD failed to break down chunky supply heading into the $8000 price territory. 

The price is running at three consecutive sessions in the red, following a bearish flag breach.

Ripple Technical Analysis: XRP/USD Important Support Level In Focus

Ripple is looking bearish today and on the hourly chart the previous wave low is under threat.

On the chart there is also a converging channel line to be aware of for support.

The market has rejected the lows and pushed up higher over 2 candles but this happens in cryptos watch out for a break.

Litecoin Price Prediction: The Bears Are In Control

Litecoin is still in a depressed state. The bears have come into control once again after 50.00 was rejected.

The next level on the downside that will give us clues is 42.50.

The RSI is also looking to move into an oversold zone.

Image Sourced from Pixabay

Posted-In: Bitcoin FXStreetCryptocurrency News Forex Global Markets General

 

Related Articles

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

USD/JPY Forecast: Turned Bearish In The Short-Term

South African Airways Teeters On Financial Precipice