Price analysis 12/11: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

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  • The overall market conditions looked for sustainability after gaining levels from yesterday’s market session and reaching above major support levels
  • Bitcoin is looking to build strong sustainability above the bullish price mark of $19K; meanwhile, Ethereum is still targeting a positive breakout above the crucial mark of $600 
  • The total market capitalization of the crypto world stands at $560.64B resulting in a decline of -0.07% over the day 
  • The total volume traded of the market over the 24 hours is at $104.89B resulting in a decline of -8.00%
  • The dominance of the crypto king remains at 63.45% resulting in a marginal gain of 0.11% over the day 

BTC/USD 

Source: Coinmarketcap

Bitcoin price levels made another retest of the major resistance level of $19500 on Tuesday’s market session and faced negative reversals again. The CMP is placed at $19195.58 with an overall gain of 0.34% over the day bringing the market capitalization to $356,173,183,951 with the 24-hour volume traded of $24,885,101,384. The current levels look to build sustainability above the bullish mark of $19K which is a positive sign for the world’s largest crypto asset in the upcoming trading sessions. 

ETH/USD 

Source: Coinmarketcap
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Ethereum price levels made an unsuccessful attempt for having a positive breakout above the bullish mark of $600 on Tuesday’s market session. The CMP is placed $584.15 with a marginal loss of -0.48% over the day bringing the market capitalization to $66,562,379,005 and the 24-hour volume traded of $8,859,816,616. The ETH/BTC pair has again turned negative while facing a loss of -0.57% bringing the current level to 0.0304724 BTC. The positive rally of the crypto asset was halted at $595.00 and faced negative reversals indicating a new resistance level build-up. 

XRP/USD 

Source: Coinmarketcap

XRP price levels suffered a negative breakout below the crucial support mark of $0.50 on Tuesday’s market session. The CMP is placed at $0.492619 with an overall loss of -2.68% adding the weekly loss to -18.72%. The market capitalization has reached $22,376,356,444 with a 24-hour volume traded of $8,427,619,515. The XRP/BTC pair has also turned negative while facing a loss of -2.98% bringing the current level to 0.00002569 BTC. 

LINK/USD 

Source: Coinmarketcap

Chainlink price levels made an unsuccessful attempt for having a positive breakout above the crucial bullish mark of $13.00 on Tuesday’s market session. The CMP is placed at $12.60 facing a marginal loss of -0.91% adding the weekly loss to 3.92%. The market capitalization is at $4,993,998,253 with a 24-hour volume traded of $923,873,736. The LINK/BTC pair has again turned negative with a loss of -1.19% bringing the current level to 0.00065729 BTC. 

BCH/USD 

Source: Coinmarketcap
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Bitcoin cash price levels managed to have a positive crossover above the resistance level of $270 and maintained sustainability above the gained levels on Tuesday’s market session. The CMP is placed at $277.35 with an overall gain of 1.60% reducing the weekly loss to -2.60%. The market capitalization has reached $5,123,500,605 with a 24-hour volume traded of $1,681,930,129. The BCH/BTC is also performing positive with a gain of 1.055 bringing the current level to 0.01443081 BTC. The levels will be facing minor resistance at $280 in the upcoming trading sessions. 

LTC/USD 

Source: Coinmarketcap

Litecoin price levels looked for sustainability above the crucial price mark of $80.00 on Tuesday’s market session. The CMP is placed at $81.70 with a marginal gain of 0.11% bringing the market capitalization to $5,393,846,129 with the 24-hour volume traded of $3,938,372,027. The LTC/BTC pair is still performing negative with an overall loss of -0.34% bringing the current level to 0.00425482. If the current bullish move is sustained by the crypto asset in the upcoming trading sessions, the levels will be facing major resistance at $90. 

BNB/USD 

Source: Coinmarketcap

Binance coin price levels strongly targeted for a positive breakout above the resistance mark of $30.00 on Tuesday’s market session. The CMP is placed at $29.85 with an overall gain of 3.56% over the day adding the weekly gain to 1.97%. The market capitalization has reached $4,311,423,402 with a 24-hour volume traded of $362,243,802. The BNB/BTC pair is also performing positive with a gain of 3.39% bringing the current level to 0.00155580 BTC. 

DOT/USD 

Source: Coinmarketcap

Polkadot price levels were unable to have a sustainability positive breakout above the crucial mark of $5.00. The CMP is placed at $4.90 with a marginal loss of -0.74% adding the weekly loss to -1.41%. The market capitalization has reached $4,347,491,474 with a 24-hour volume traded of $221,049,782. The DOT/BTC pair has again turned negative while facing a loss of -0.95% bringing the current level to 0.00025539 BTC. 

ADA/USD 

Source: Coinmarketcap
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ADA price levels were able to maintain sustainability above the crucial mark of $0.15 on Tuesday’s market session by having an overall gain of 2.37%. The CMP is placed at $0.155170 bringing the market capitalization to $4,834,897,048 with the 24-hour volume traded of $585,224,484. The ADA/BTC pair is also performing positive with an overall gain of 2.08% bringing the current level to 0.00000811 BTC. 

BSV/USD 

Source: Coinmarketcap

Bitcoin SV price levels are still engaged below the resistance level of $170.00 on Tuesday’s market session. The CMP is placed at $167.32 with a marginal gain of 0.19% bringing the market capitalization to $3,111,217,919 with the 24-hour volume traded of $335,989,935. The BSV/BTC pair is still performing negative with a marginal loss of -0.14% bringing the current level to 0.00872540 BTC. A positive breakout above the resistance mark of $170 can be bullish signal for the crypto asset in the upcoming trading sessions. 

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Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.

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