Price analysis 11/30: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM

Bitcoin (BTC) cost came inside hit distance of hitting a new all-fourth dimension loftier today. This shows that institutional and retail investors proceed to buy on every dip and BTC is in a strong uptrend. Hence, traders should not urgently looking to call a acme.

While Bitcoin has been creating new records, gold has corrected about 15% from its all-time high. This shows that traders are dumping their positions and this led to the largest weekly outflow in gold.

*Daily cryptocurrency market performance. Source:* *Coin360*

Analysts believe that some of the money flowing out of gold could enter Bitcoin as institutional interest continues to soar. A new high could likewise attract momentum traders who like to piggyback on a strong trend.

Traders are now wondering if Bitcoin'southward momentum will pull the whole crypto sector college or if it will continue to sus scrofa the limelight at the expense of the altcoins?

Permit'southward clarify the height-ten cryptocurrencies to find out.

BTC/USD

Corrections in a stiff uptrend usually final for one to 3 days and that is what happened with Bitcoin cost. The pullback from the intraday high of $xix,459.22 on Nov. 25 bottomed out at $xvi,191.02 on November. 26.

A shallow correction is generally a sign of strength. It shows that existing owners of the BTC/USD pair are in no hurry to book profits while traders who want to buy are not waiting for lower levels to enter.

The upsloping moving averages and the relative strength index near the overbought zone advise that bulls are in command. The momentum picked up today and the bulls pushed the toll above $19,459.22.

But the bears have not however given upwardly. They are trying to mountain a stiff resistance in the $xix,500 to $xx,000 zone. If the cost turns downwards sharply from this resistance, a drop to $17,200 is possible.

On the other hand, if the bulls can push the cost above $20,000, the momentum could option upwards farther and a rally to $22,727 and so to $25,000 will be on the cards.

ETH/USD

Ether's (ETH) stiff rebound off the $488.134 support shows that the bulls are ownership aggressively every bit they expect the next leg of the uptrend to resume.

If the bulls can button the cost to a higher place $625, the ETH/USD pair could first its journey towards the next major resistance at $800. The upsloping moving averages and the RSI near the overbought territory advise that bulls are in command.

Reverse to this supposition, if the price again turns down from $625, the pair may consolidate for a few days before resuming its up-movement. A break below the 20-solar day exponential moving average ($523) volition be the first sign of weakness.

XRP/USD

The pullback in XRP had been facing resistance at the 61.viii% Fibonacci retracement level of $0.649138 for the past two days. Today, the bulls pushed the cost above the resistance but failed to sustain the higher levels.

All the same, the upsloping moving averages and the RSI in the overbought territory advise that bulls take the upper hand. If they can push button the toll higher up $0.649138, the XRP/USD pair could rally to $0.706942 and then to $0.780574.

This bullish view will be invalidated if the price turns downwards from either overhead resistance and plummets below the 20-twenty-four hour period EMA ($0.47).

BCH/USD

Bitcoin Cash (BCH) rose above $280 on November. 29 and has picked up momentum today. Nevertheless, the relief rally could confront resistance at the 61.eight% Fibonacci retracement level at $324.01.

If the price turns downwards from the overhead resistance, it will suggest that the bulls who are stuck at higher levels are bailing out of their positions. The bears will then endeavour to sink the price to $280.

Opposite to this negative assumption, if the bulls can button the price above $324.01, the BCH/USD pair could move upwardly to $344.98 and and then to $371.seventy. The gradually rising moving averages and the RSI higher up 58 suggest that bulls take a modest reward.

LINK/USD

Chainlink (LINK) bounced off the fifty-mean solar day simple moving average ($12.25) on Nov. 26 and 27 and the bulls have pushed the price dorsum in a higher place the overhead resistance at $13.28. The recovery is currently facing resistance at the 61.viii% Fibonacci retracement level at $14.4433.

The flattish 20-day EMA ($13.forty) and the RSI but above the midpoint does not give a clear reward either to the bulls or the bears.

If the bears sink the cost back below $13.28, it will advise that sentiment has turned surly and the traders are selling on rallies. A interruption and close beneath the l-day SMA could starting time a deeper correction.

On the reverse, if the bulls push button the price to a higher place $xiv.4433, the LINK/USD pair could rally to $15.2994 and then to $xvi.39. A intermission in a higher place this resistance could resume the uptrend.

LTC/USD

Litecoin (LTC) plant support virtually the 61.eight% Fibonacci retracement level of $64.8317 on November. 26 and 27. The rebound since and so has been sharp only the bulls are currently facing resistance at $88.

Even so, the upsloping moving averages and the RSI in the positive territory suggest that bulls take the upper hand. If they can push the price to a higher place $88, a retest of $93.9282 volition be on the cards. Above this level, the rally could extend to $100.

On the other manus, if the price turns down from the overhead resistance, the LTC/USD pair could remain range-bound for a few days. The pair will turn negative if the bears sink the cost beneath $64.

ADA/USD

Cardano (ADA) surged back above the overhead resistance at $0.155 on Nov. 28, which shows aggressive buying at lower levels. Still, the bulls are struggling to sustain the price to a higher place $0.17 for the past 2 days.

This shows that the bears are defending the zone between $0.17 and $0.1826315. If the bears can sink the price below $0.155, a drop to the 20-day EMA ($0.137) is possible.

However, if the bulls buy the dips to $0.155, it will propose aggregating at this level. A consolidation near the overhead resistance is a positive sign as it shows that traders are non endmost their positions in a hurry and are not waiting for deep corrections to buy.

If the bulls tin propel the price above $0.1826315, the ADA/USD pair may get-go its journeying to $0.2129 and then to $0.235.

DOT/USD

Polkadot (DOT) bounced off the fifty-day SMA ($four.52), which shows that the bulls are defending this support. They will now try to push the price to a higher place the $5.5899 to $6.0857 resistance zone.

If they succeed, the DOT/USD pair could rally to $6.8619 and then to $7.64. The gradually upsloping moving averages and the RSI to a higher place 57 suggest that bulls are at a pocket-size reward.

However, if the price over again turns down from the overhead resistance zone, the pair could remain stuck in the range for a few more days.

BNB/USD

Binance Coin (BNB) remains range-leap between $25.6652 and $32. The bounce off the Nov. 26 low suggests that bulls continue to purchase virtually the support of the range. The cost has now reached close to the resistance of the range at $32.

If the price turns downwardly from $32, the BNB/USD pair may extend its stay inside the range. The moving averages are flat just the RSI has jumped into the positive territory, which suggests that the momentum favors the bulls.

If the buyers tin push the toll higher up $32, the BNB/USD pair could move up to $35.4338. A breakout of this resistance may issue in a retest of the all-time high at $39.5941.

XLM/USD

Stellar Lumens (XLM) is facing resistance at the downtrend line but the positive matter is that the bulls have non given up much footing. This shows that the buyers are accumulating on every pocket-size dip.

If the bulls can push the toll in a higher place the downtrend line, the XLM/USD pair could rally to $0.231655. The bears may again mountain a stiff resistance at this level and if the price turns downwardly from the overhead resistance, a few days of range-bound action is possible.

If the bulls can bulldoze the price above $0.231655, the next leg of the uptrend could begin. The next target to sentinel on the upside is $0.2933. Conversely, if the bears sink the price below $0.188, the pair may drib to $0.16.

The views and opinions expressed here are solely those of the author and practise not necessarily reflect the views of Cointelegraph. Every investment and trading move involves take a chance. You should deport your own research when making a decision.

Market data is provided by HitBTC exchange.