Cardano (ADA)Crypto NewsEthereum (ETH)Ripple (XRP)

Crypto Price Analysis Nov-25: ETH, XRP, ADA, BNB and LTC

This week we’re taking a closer look EthereumRippleCardano, Binance Coin and Litecoin.

This is what awaits you in this article

Ethereum (ETH)

Ethereum failed to break the key resistance at $1,230 and is in one correction occurred which appears to be continuing the bearish price action. ETH has also lost 0.8% of its valuation over the past seven days and sellers have managed to keep the price in check.

Unfortunately for the bulls, they may have to defend ETH again at the key $1,000 support. Any weakness there could account for this cryptocurrency mean disaster as a drop to a triple digit valuation will wipe out any hope of a quick recovery from the current downtrend.

Looking ahead, Ethereum is having a difficult task as buyers are on the defensive and sellers control the price action. The key support at $1,000 must be defended as the alternative is a costly defeat. Volume continues to fall and remains firmly on the bearish side after 10 daily candles closed red in the last 11 days.
Crypto Price Analysis Nov-25: ETH, XRP, ADA, BNB and LTC, Crypto Trading NewsChart from TradingView

XRP continues to show strength while market leaders like ETH and BTC battle. In the past seven days, it is up 5.7%, setting it apart from other cryptocurrencies. After finding good support above $0.30, it entered a sustained uptrend for the past three days.

The current Resistance is trading at $0.45 and could leave the bulls in a difficult position if they fail to break to the upside. Momentum continues to favor them, but as volume decreases, confidence in this rally is waning. As the market remains highly volatile, bears could quickly capitalize on any weakness.

Looking ahead, XRP managed to set a higher low last week, suggesting an uptrend. However, until the price manages to make a higher high, it would be premature to celebrate as the action could quickly reverse. At the moment, the bias for XRP is a bit bullish, but it may change once the key resistance is hit.
Crypto Price Analysis Nov-25: ETH, XRP, ADA, BNB and LTC, Crypto Trading NewsChart from TradingView

Unfortunately for Cardano price action is looking pretty grim, with consistently lower lows over the past few months. The bulls failed to stop this downtrend and because of this, ADA lost 4.2% of its rating in the past seven days.

The current support levels are $0.30 and $0.28 while the resistance is $0.32 and $0.34. ADA must break these resistance levels if it hopes to halt the downtrend. The alternative is a quick fall to lower levels.

The main concern with Cardano is that during a bear market, altcoins are down over 90% from all-time high could correct. With low confidence in a reversal, the price could continue falling before finding a bottom. Because of this, the bias for ADA remains bearish.
Crypto Price Analysis Nov-25: ETH, XRP, ADA, BNB and LTC, Crypto Trading NewsChart from TradingView

Binance Coin (BNB)

Binance Coin remains one of the strongest performers of this bear market, managing to hold a price around $300 despite repeated attempts to lower it. BNB is up around 12% over the past seven days and remains a leading performer.

The current support is $260 and the main resistance is $300. The bulls tried to sustain the price above $300 in early November but failed to sustain it.

Looking ahead, BNB appears to be floating in a tight range between $260 and $300. Until one of these levels is broken, little is expected to change the price action significantly. This also makes the bias neutral.
Crypto Price Analysis Nov-25: ETH, XRP, ADA, BNB and LTC, Crypto Trading NewsChart from TradingView

Litecoin (LTC)

The best performer on our list this week is Litecoin, which surprised most of the market with an unexpected 22%. In doing so, LTC also broke its ascending triangle, setting it apart as one of the few cryptocurrencies to actually break out higher in this bearish market.

If the current support at $74 is successfully retested, Litecoin could surge higher and target a triple digit valuation (>$100). However, the resistance at just under $100 will be difficult to break and the bulls may need the overall market to succeed.

Litecoin has demonstrated as a proof-of-work that the coin released in 2011 can still attract the attention of the market and newer cryptocurrencies like Solana (estimated 2020) or Tron (estimated 2018) that are much younger. Looking ahead, the bias on LTC remains bullish with a positive outlook.
Crypto Price Analysis Nov-25: ETH, XRP, ADA, BNB and LTC, Crypto Trading NewsChart from TradingView

The post Crypto Price Analysis Nov-25: ETH, XRP, ADA, BNB and LTC appeared first on CryptoPotato.

Source: Crypto News Deutsch

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