Price Analysis 11/12: BTC and These 9 Cryptos Set to Resume Downtrend
Rakesh Upadhyay's original article for cointelegraph.com reduced by 73%
If the bears sink the price below the support at $42.0599, the LTC/USD pair will resume the downtrend, with the next support at $36. Alternatively, if the bulls defend the support at $42.0599, the pair might remain range-bound between $42.0599 and $50 for a few days. A breakout of $50 could carry the price to $66.1486.EOS/USD.
EOS has declined to the immediate support at $2.5804. BNB/USD. After failing to rise above the overhead resistance at $16.50, Binance Coin has dropped close to the critical support at $14.2555 in the past two days.
Our bullish view will be invalidated if the bears sink the price below $14.2555.BSV/USD. Bitcoin SV continues to trade near the support at $92.693. If the bears sink the price below $92.693, the decline can extend to the next support at $78.506.
If the bears succeed in breaking below the support at $0.051014, the XLM/USD pair will resume its downtrend. XTZ/USD. In an uptrend, the bulls provide support at the 20-day EMA.
That is what happened with Tezos as the drop on Dec. 10 found buying support just below the 20-day EMA. However, today's price action shows profit-taking at higher levels.
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CN [too long; didn’t read]
Summarised crypto news.