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In the daily chart, the LTC price trend shows a post-retest reversal gaining momentum. The broader price action of Litecoin shows a bullish breakout of a rising channel pattern, retesting the broken resistance trendline.
Along with the resistance trendline, the downfall also retested the 50% Fibonacci level at $82.57. However, the overnight surge of 7.40%, resulting in a bullish engulfing candle, highlights a quick reversal.
Currently, Litecoin is trading at $90.70 with an intraday gain of 1.18%. This prolongs the overnight rally and breaks above the 61.80% Fibonacci level at $88.84.
As the post-retest rally gains momentum, the bullish anticipation for a price jump above the $100 psychological mark increases.
The growing bullish demand has led to a golden crossover and is now resulting in a bullish crossover within the 100-day and 200-day AMA line. Supporting the bullish trend, the MACD and signal indicators avoid a bearish crossover and refuel the bullish momentum. Hence, technical indicators maintain a positive sign for Litecoin.
The price targets for the breakout rally are $109 and $123. Thus, the ongoing recovery rally shows massive potential for a new 52-week high. The ongoing recovery also teases a rounding momentum reversal with a neckline at the $109 mark. Hence, this level breakout will set Litecoin to explode in 2025. Currently, the crucial support levels for Litecoin are at $82 and $76.
Cardano’s price smashes new yearly highs at $0.92 for the first time since April 2022. Then the price continued to drain as the markets were stuck within a rising bear market, but now they are at the foothill of a huge bull run.
Now that the tokens are heading towards their psychological barrier, market participants are looking at $100K for Bitcoin, $265 for Solana, $100 for Litecoin and $1 for the ADA price rally.
After reaching the levels above $0.92, the bulls are expected to push the prices harder towards the interim milestone. However, they are expected to test some crucial resistance, which may be considered a strong barrier, before hitting $1. The token has not visited this range in the past 30 months and it’s quite obvious that the traders stuck at this range may intensify their activity. Previously, the barrier was around $0.8, which was held for nearly a week and now it has shifted to $0.95.
Hence, reaching the interim milestone at $1 could be delayed for a while, probably in the first few days of December, if the current trade plays out well.
Ripple Labs, the company behind XRP, is eyeing a new era of possibilities following Donald Trump’s recent presidential victory. Ripple CEO Brad Garlinghouse expressed optimism about the potential shift in U.S. cryptocurrency regulations under the new administration.
XRP skyrockets 188%, reaching $1.449 from $0.5031 in just two weeks under trumps victory.
Raoul Pal reveals he holds XRP tokens bought during 2020's legal battles.
Pal’s strategy focuses on XRP’s future growth potential, despite past underperformance.
Garlinghouse highlighted the inefficiencies in current cross-border payment systems, calling them “slow and expensive.” He believes Ripple’s blockchain-powered solutions, using XRP, could transform these outdated systems, offering faster and cheaper alternatives.
This strategic focus could position Ripple as a leader in financial innovation both in the U.S. and globally.
XRP’s Price Soars Over 188% XRP’s price performance has been extraordinary. Since Trump’s victory, the token has surged by an impressive 188%, rising from $0.5031 to $1.449 in just two weeks. This surge marks XRP’s highest price since September 2021, sparking investor interest.
As of now, XRP is trading at $1.48, solidifying its position as the sixth-largest cryptocurrency. However, it remains 130% below its all-time high of $3.317, set in January 2018
Bitcoin Surges to $98,000: A New Era for Cryptocurrency?
In a stunning turn of events, Bitcoin (BTC) has broken through the $98,000 barrier, leaving investors and analysts alike in awe. This monumental milestone marks a significant turning point in the cryptocurrency's history, sparking widespread excitement and speculation about what's to come. The Journey to $98,000 Current Trend: The overall trend for BTCUSDT is strongly bullish, with a clear breakout above the previous high ¹. The price is currently trading around $75,740 USDT. Key Support Zones:
- Support Areas: $0.0231, $0.0263, and $0.0314 - Resistance Levels: $0.0351, $0.0419, and $0.0448
Technical Indicators
- Relative Strength Index (RSI): 63.41 (neutral sentiment) - Moving Averages: MA50 ($0.0293) and MA200 ($0.0248) are both trending upward - Bollinger Bands: The price is touching the upper band, indicating a potential breakout
Bullish Scenarios
- Breakout Above Resistance: A breakout above $0.0351 could signal a strong bullish momentum - Rebound from Support: A rebound from the support level at $0.0231 could provide a buying opportunity
Bearish Scenarios
- Break Below Support: A break below the support level at $0.0231 could lead to a further drop - Correction Phase: The price has entered a correction phase after a big pump, which could lead to a diametric correction
Keep in mind that the cryptocurrency market is highly volatile, and TIA/USDT's value can fluctuate rapidly. Always do your own research and consider multiple sources before making investment decisions.
*YFIUSDT is looking promising, with several analysts predicting a bullish trend.* 📈🚀
The current price is hovering around $5,875, close to a major support level at $4,594. This support level has previously served as a rebound opportunity, suggesting that it could either provide a bounce or, if broken, lead to a further drop.
Some analysts see a potential breakout above the resistance level at $7,564, which could signal a strong bullish momentum. The Relative Strength Index (RSI) at 47.65 indicates a neutral sentiment, while the MACD hints at bearish momentum with possible room for a turnaround.
Bullish Scenarios:
- Breakout Above Resistance: A breakout above $7,564 could signal a strong bullish momentum. - Rebound from Support: A rebound from the support level at $4,594 could provide a buying opportunity.
Bearish Scenarios:
- Break Below Support: A break below the support level at $4,594 could lead to a further drop. - Correction Phase: The price has entered a correction phase after a big pump, which could lead to a diametric correction.
Keep in mind that the cryptocurrency market is highly volatile, and YFIUSDT's value can fluctuate rapidly. Always do your own research and consider multiple sources before making investment decisions.
*📈 The market capitalization of the stablecoin USDT has surpassed $130 billion.*
The market capitalization of Tether's USDT has indeed surpassed $130 billion, with the current market cap standing at $130.82 billion.
This milestone indicates a significant increase in demand for the stablecoin, which is widely used for trading and hedging in the cryptocurrency market.
USDT's growing market cap can be seen as a positive sign for the broader cryptocurrency market, as it suggests that investors are accumulating stablecoins in preparation for investing in other cryptocurrencies. Additionally, the increasing dominance of USDT in the stablecoin market, with a market share of over 60%, further solidifies its position as a leading stablecoin.
It's worth noting that the total market capitalization of stablecoins has also reached a new all-time high of $171 billion, surpassing the previous peak achieved in March 2022 ². This growth is attributed to increased adoption and usage of stablecoins across the crypto ecosystem.
*📊 The Fear and Greed Index has reached a value of 94 (extreme greed), the highest level since February 2021.*
This occurred as Bitcoin hit a new all-time high (ATH) of $99,300.
The Fear and Greed Index reaching 94, indicating extreme greed, is a significant development.
This level is the highest since February 2021, suggesting that investors are extremely optimistic about the market.
To put this into perspective, the Fear and Greed Index is a sentiment indicator that measures market emotions to gauge investor risk-taking behavior. It operates on a scale of 0 to 100, with 0 representing extreme fear, 50 denoting neutral sentiment, and 100 signifying extreme greed.
A value of 94 indicates that investors are aggressively seeking returns, potentially leading to overbought markets. Historically, extreme greed levels have been followed by market corrections or reversals.
Some possible interpretations of this extreme greed reading include:
- Overbought markets: Investors may be overly optimistic, leading to inflated asset prices. - Market reversal: Extreme greed can precede a market correction or reversal. - Increased volatility: High greed levels can lead to increased market volatility.
Keep in mind that the Fear and Greed Index should not be used as the sole determinant for making investment decisions. It's essential to consider multiple indicators and conduct thorough research before making any investment choices.
The current analysis for SAND/USDT on November 21, 2024, reveals mixed signals in the market:
Price Movement: SAND is trading around $0.34 to $0.35, with a 24-hour change of approximately -1.37%. Over the past week, it has risen by 14%, indicating positive momentum despite the recent dip
Technical Patterns:
A potential bullish reversal has been identified near a key support level, with some analysts pointing to an XABCD harmonic pattern as a trigger for upward movement
Others observe a falling wedge pattern, which could further support a bullish breakout if confirmed
Market Context: SAND's price has benefited from recent interest in metaverse and gaming tokens, recovering from extended bearish trends.
The coin has shown resilience, aligning with broader trends in its categoryVolatility and Risk: SAND's price remains highly volatile, typical of crypto assets.
While the technical outlook shows potential for growth, its long-term trajectory depends on broader market conditions and adoption in the metaverse ecosystem
Its price has touched a strong support level on the weekly chart and is bouncing back, indicating a potential bullish move from the current level. The Relative Strength Index (RSI) has dropped below 30 on the daily chart, which is another bullish sign for CKB.
Key Levels to Watch: - Support Area: $0.0079, $0.008700, and $0.010449 - Resistance Levels: $0.0135, $0.0158, $0.0181, $0.0192, $0.020, and $0.0208
Some analysts predict a 300-500% gain in the longer term, considering CKB's unique layer 1 solution, interoperability, growing developer community, and strategic partnerships. Others see a potential breakout above the channel and completion of the Inverted Head & Shoulders pattern, targeting $0.15 and $0.5.
Trade Ideas:
- Buy: Consider buying CKBUSDT around $0.011000, targeting $0.015500, $0.019000, and $0.02230 - Scalping Trade Setup: Entry at CMP, accumulate up to $0.0164, stop loss at $0.01572, leverage 5x-10x, targets at $0.0181, $0.0192, $0.020, and $0.0208
Keep in mind that cryptocurrency markets are highly volatile, and CKB's value can fluctuate rapidly. Always do your own research and consider multiple sources before making investment decisions.
"Unlocking the Trader's Mind: The Power of 'Why' in Journaling"
To rapidly improve your trading mindset you need to start journaling! Yet most don't do it right so here's how to do it correctly... When journaling your thoughts and emotions, it's essential to cultivate the habit of asking "Why." Merely stating your observations may create some awareness, but to truly overcome challenges, delving into the "Why" behind your behaviors is crucial. For instance, let's consider the following entries: a. Constantly watching the trade. b. Overthinking after entering
Its technical analysis gauge displays a neutral summary for the selected timeframe, based on popular indicators like Moving Averages, Oscillators, and Pivots.
Key Stats: - Market Capitalization: $114.30 million USD - Fully Diluted Market Cap: $121.27 million USD - Trading Volume (24h): $43.15 million USD - All-Time High: $8.4500 USD
Some analysts predict a potential 400% gain in the longer term, considering LQTY's activity in Russia and its recent breakout from a two-year downtrend. Others see a 100% return possibility, with an entry point at $1.431 and a stop loss at $1.172.
Trade Ideas:
- Buy: Consider buying LQTYUSDT around $1.264, targeting $1.9 and $3, with a stop loss at $1.172 - Possible Bottom: Enter around $2.98, with considerable upside potential if BTC runs, and a stop loss at $2.69
Keep in mind that cryptocurrency markets are highly volatile, and LQTY's value can fluctuate rapidly. Always do your own research and consider multiple sources before making investment decisions. Would you like to explore more cryptocurrencies or dive deeper into LQTYUSDT's analysis?
Its price has increased by 3.08% in the last 24 hours and 22.33% in the last week .
According to TradingView, two strong signals indicate that the bottom is in, suggesting a potential bullish breakout
Key Levels to Watch: - Support Area: $0.267, $0.255, and $0.21 - Resistance Levels: $0.3530, $0.38, and $0.3580-$0.3710
Some analysts predict a 500% to 1000% growth potential for CRVUSDT, while others suggest a more conservative 10-15% price movement .
The Relative Strength Index (RSI) and other oscillators indicate bullish momentum, with a potential breakout above $0.3530
Trade Ideas:
- Consider buying CRVUSDT around $0.267, targeting $0.38, with a stop loss at $0.255 - Look for a rebound to reach the resistance level of $0.3530, with a potential 100% rally in CRV
Keep in mind that the cryptocurrency market is highly volatile, and CRV's value can be influenced by broader DeFi market conditions, regulatory changes, and overall market sentiment .
Ethereum is currently trading at $3,105.32, showing a 1.1% increase in the past 24 hours but a 5.79% decline over the past week. Over the last month, ETH has risen by over 17%, supported by ecosystem developments and growing institutional interest 🥔
⚔️ The upcoming “Dencun” upgrade, including Proto-Danksharding (EIP-4844), aims to enhance scalability and reduce transaction costs. Meanwhile, the launch of spot Ethereum ETFs has boosted access for traditional investors, driving long-term demand .
☺️ Short-term projections place Ethereum’s price between $3,150 and $3,250, though market volatility remains a key factor .
Ethereum's current price is $3,336.47 per ETH, with a market capitalization of $401.6 billion. This represents a 7.57% increase in the last 24 hours and a 3.22% increase over the past week. The circulating supply of Ethereum is approximately 120.4 million ETH.
Looking at the bigger picture, Ethereum's price has increased by 25.10% in the past month and by 73.19% in the past year. The all-time high for Ethereum was $4,891.70, reached in November 2021.
Price Predictions:
- Optimistic Low for Q4 2024: $2,500 - Optimistic High for Q4 2024: $3,400
Keep in mind that cryptocurrency prices can be highly volatile, and predictions are subject to change. For the latest updates and more detailed analysis, I recommend checking out Binance..
*Will Bitcoin Price Hit $100k In Next 24 Hours?*❓❓❓
With a monthly gain of 44.38%, the largest cryptocurrency by market capitalization has achieved a new high by surpassing the $1.9 Trillion mark. Notably, with a trading price of $97,577.28, it is presently valued at $1.915 Trillion.
The EMA 50/200-day continues displaying an upward trend in the daily time frame. This suggests a bullish outlook for the BTC price in the upcoming time.
Further, the Relative Strength Index (RSI) continues hovering above the overbought range with its average trendline experiencing a similar trend action. This indicates a significant increase in the buying pressure for Bitcoin in the market.
How High Will The BTC Price Go? Maintaining its bullish sentiment could push the Bitcoin price toward its target price of $100k this weekend. Furthermore, if the bullish sentiment sustains, this could result in the market leader heading toward its upper high of $110,000 this month.
On the contrary, if a bearish trend reversal occurs, the BTC price will retest its $90,000 range. Moreover, if the bearish sentiment intensifies, this could pull the price toward its lower support level of $80,000.
Today's analysis of HIVE/USDT suggests mixed trends. Here’s a breakdown:
Price Action:
Current price ranges around $0.218-$0.22, showing a significant drop of about 13%-14% over the last 24 hours, depending on the exchange
HIVE is trading near key support levels, making this a potential area to watch for rebounds. Technical Indicators:
Oscillators: Indicate a neutral stance, reflecting indecision in the market.
Moving Averages: Lean towards a strong buy, suggesting positive momentum could be building. On the higher timeframe (weekly), HIVE appears to have broken out of a descending triangle pattern, signaling potential long-term bullish movements.
Resistance at $0.4136 could be the next target if momentum builds
Trading volume is sharply down by over 70%-80%, which may limit immediate price action
Trading volume is sharply down by over 70%-80%, which may limit immediate price action
ADA signals 35% correction on weaker technicals ADA’s price is showing signs of potential downside risk as a bearish “rising wedge” pattern forms on its four-hour chart.
The technical structure, defined by converging trendlines sloping upward, often signals a potential trend reversal to the downside.
If ADA breaks below the wedge’s lower trendline, the breakdown could be as deep as the height of the wedge’s widest part.
This projects a potential price target near $0.598 in the short term and $0.513 in a more extreme bearish scenario for November-December.
Interestingly, the $0.513 level, down about 35% from the current price levels, aligns with the 200-4H exponential moving average (200-4H EMA, the blue wave).
Volume has been declining during ADA’s recent upward move, which is another warning sign of a weakening rally. Bearish patterns, like the rising wedge, are more reliable when coupled with decreasing trading volumes.
Cardano’s chart also shows a growing deviation between rising prices and a falling relative strength index (RSI), indicating bearish divergence, which signals weakening upside momentum.
The RSI sits at 68, close to the overbought territory of 70, further suggesting that ADA is nearing an overextended phase, which may result in a price correction.
APT consolidates between $11 and $13.74, with a breakout likely determining the next trend.
Fibonacci levels highlight targets of $18.07, $19.48, and up to $39.83 in the long term.
A bullish engulfing candle and golden crossover maintain optimism, avoiding a bearish MACD signal.
However, with the broader market pullback, the APT price dropped to $15.03, accounting for a price drop of nearly 75%. Nevertheless, with the broader market recovery, the APT has now regained almost 70% of its lost value.
Currently, the APT price is trading at $12.65, accounting for a price jump of 151.30%. With an intraday gain of 7.11%, the APT price is currently consolidating between a price range of $11 and $13.74. These levels overlap with the 61.80% and 78.60% Fibonacci levels.
Hence, a bullish breakout of either of these levels will determine the upcoming price trend. With the current bullish engulfing candle at play, the upside chances are significantly higher.
The retracement tool highlights the next potential target for a new all-time high at $25.59, followed by $39.83.
These price targets seem unachievable in 2024 but could be possible in early 2025. Conversely, a slip below the 61.80% level is likely to pre-test the 50-day EMA at $10.
The next key levels to watch are $95k, $97k, and even $100k, but there’s no guarantee we’ll reach them yet. While Bitcoin is seeing some gains, altcoins aren’t doing much right now. If Bitcoin continues to climb, it may cause a shift in focus back to altcoins, but we need to be careful about a potential pullback.
If Bitcoin experiences a pullback, it might not be a sharp crash; it could just be a sideways correction, which would still allow for more upward movement after. The key here is to watch for a continuation above key levels and to keep an eye on the individual altcoins for any support breakdowns.
However, BTC is still looking for higher prices, as long as the support holds, but the market structure is a bit choppy and uncertain. Momentum isn’t too strong, and there’s a possibility this could be a temporary correction rather than a clear upward wave.
Bitcoin has been skyrocketing to all-time highs after the election. The price is up by more than three percent in the last 24 hours and is currently trading above the crucial $94,500 mark. Majority of the top 10 cryptocurrencies are trading in green, keeping the overall market sentiment positive.