Price analysis 11/20: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

  • The overall market condition is bullish as Bitcoin reclaims the level of $18k and the altcoins turn green with an intraday gain of 0.5%-15%
  • Besides BTC and ETH rallying positive, some of the altcoins have also made it to the day’s top-performing list. 
  • The global market cap is increased over 3.94% stands at $511.95B
  • The total crypto market volume is trading around $146.28B, with a minor drop of 0.75% over the last 24-hours 
  • The dominance of Bitcoin drops by -0.17% stands at 66.05%

BTC/USD 

source: coinmarketcap

Bitcoin is consolidating in the range of $17.4K to $18.4k, moving towards the resistance of 18,400. BTC still regains the crucial level of $18,000 after the sharp correction to the level of $17,400. It is currently trading at the price level of $18,250 with an intraday gain of 3.51% and increases over 12.42% in the last seven days. If the price level is continuously sustaining above the level of $18,000, we can expect the new all; time highs in the coming trading sessions, with the support levels of $17,400 and $16,800 on the downside. 

ETH/USD

source: coinmarketcap

Ethereum over the intraday gains about 5.80%, currently trading at the price level of $497.45. It gave a bullish move on Friday’s trading session as the crypto market traded over the bullish note. ETH has support on the downside at $450 and $395; on the other hand, the resistance is placed at $560 and 590$. The volume traded in the last 24-hours is $15,788,494,850 and the total market capitalization at $56,423,187,772.

XRP/USD 

source: coinmarketcap

Ripple finally had a positive breakout above the significant resistance and crucial mark of $0.30. The price levels are on significant bullish momentum bringing the CMP to $0.302859, having a significant overall gain of 5.94%, with XRP/BTC pair having a gain of 1.25%, getting the current level to 0.00001658 BTC. A positive breakout above 0.00002000 BTC will surely provide more positive momentum to the crypto asset in the upcoming trading sessions. 

LINK/USD 

source: coinmarketcap

Chainlink retested the bullish mark of $ 14.00 again of Friday’s market session and had a positive breakout. The coin will be targeting sustainability above the obtained mark and gain new levels from now on. The CMP is placed at $14.06 with an overall gain of 6.87%, bringing the market capitalization to $ 5,552,928,645 with the 24-hour volume traded of $ 1,697,240,522. The LINK/BTC pair is also performing positively, with the current level of 0.00077040 BTC having an overall gain of 2.23%. 

BCH/USD 

source: coinmarketcap

Bitcoin Cash has also given a positive breakout against the significant resistance level of $254.67, resuming back to its bullish levels after facing volatility in the levels after its hard forks rolled out in the market. The CMP is now placed at $255.01, with an overall gain of 5.08%. The BCH/BTC pair is also performing positive with an overall gain of 0.22%, bringing the current level to 0.01392888 BTC. Now the bulls will be facing significant resistance at $260.00 and $280.00 respectively on the upside. 

LTC/USD 

source: coinmarketcap

Litecoin, after having a positive breakout against the significant resistance level of $ 75.00, is gaining a significant positive move and had a break above $ 80.00 on Friday’s market session. The CMP is now placed at $ 81.63 with a significant gain of 10.57%, with LTC/BTC pair performing positive with the current level of 0.00447005 BTC and having a 5.49% gain over the day. If the crypto asset sustains the current positive momentum, it can have a long-term target at $100. 

BNB/USD 

source: coinmarketcap

Binance coin is moving positively for the second consecutive day after touching the support level of $27.00 on the downside. The price levels are looking to have a positive breakout above $29.00 and eyeing the resistance level of $30.00. The CMP is now placed at $ 28.97 with an overall gain of 4.39%, bringing the market capitalization to $ 4,183,621,950 and the 24-hour volume traded of $ 311,262,703. The BNB/BTC turned negative, facing a marginal loss of -0.30%, bringing the current level to 0.00158562 BTC. 

DOT/USD 

source: coinmarketcap

Polkadot has been one of the top performers on Friday’s market session by having a massive gain of 18.52% over the day, bringing the CMP to $5.42. The DOT/BTC pair is also performing significantly positively with an overall gain of 12.405, bringing the current level to 0.00029546 BTC. The crypto asset is looking to recover its bullish levels, and if the price levels sustain the recent positive move, it can be reaching its all-time high of around $8.00. 

ADA/USD 

source: coinmarketcap

Cardano is also looking to build its positive momentum in the market with the help of aggregate bullish waves in the altcoins as the levels had an overall gain of 5.27% over the day. However, the crypto asset has failed to attain any new levels for the year resulting in CMP to stand at $0.110080, and a resistance level of $ 0.13 is yet to be tested. The market capitalization is at $ 3,430,096,039 and the 24-hour volume traded at $ 592,189,319. 

BSV/USD 

source: coinmarketcap

After touching the support level of $ 158.00 on the downside, BSV was able to revive its positive momentum having an overall gain of 4.225 over the day, bringing the CMP to $165.70 and looking to retest the resistance level at $170.00. The BSV/BTC is still performing negatively, having a marginal loss of -0.48%, bringing the current level to 0.00906554 BTC.