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

Source: Coin360
  • The overall market conditions have taken a significant positive turn as BTC again aims for reaching its ATH with Ethereum looking for a positive crossover above the bullish mark of $600
  • The global crypto market capitalization has reached $570.64B resulting in an increase of 1.25% over the day 
  • The total crypto market volume traded over the last 24-hours is $109.15B resulting in an increase of 1.50% over the day 
  • The dominance of the crypto king has reached 63.99% resulting in an increase of 0.51% over the day 

BTC/USD 

Source: coinmarketcap

The global crypto market has again put eyes on Bitcoin as the bulls prepare another rally for attaining the ATH again. The CMP is placed at $19766.42 with an overall gain of 3.14% adding the weekly gain to 7.19%. The market capitalization has reached $365,296,763,966 with a 24-hour volume traded of $26,023,646,644. Currently, the price levels are looking to sustain between the bullish range of $19.6K to $19.9K. 

ETH/USD 

Source: coinmarketcap

Ethereum is also performing positive on Wednesday’s market session with an overall gain of 1.82% looking for a positive breakout above $600. The CMP is placed at $595.95 with an overall gain of 1.73% bringing the market capitalization to $67,663,732,974 with the 24-hour volume traded of $8,305,958,631. However, the ETH/BTC pair is still performing negative with a marginal loss of -0.89% bringing the current level to 0.03015497 BTC. 

XRP/USD 

Source: coinmarketcap
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XRP continued its negative trend for the third consecutive day by facing an overall loss of -6.04% on Wednesday’s market session. The CMP is placed at $0.451970 with a weekly loss of -18.50% bringing the market capitalization to $20,571,959,690 with the 24-hour volume traded of $10,329,482,268. The XRP/BTC pair is also performing significantly negative with an overall loss of -8.60% bringing the current level to 0.00002299 BTC 

LINK/USD 

Source: coinmarketcap

Chainlink price levels were unable to have a sustainable positive crossover above the crucial resistance level of $13.00 on Wednesday’s market session. The CMP is placed at $12.54 with an overall loss of -1.565 bringing the market capitalization to $4,994,544,887 with the 24-hour volume traded of $845,321,403. The LINK/BTC pair is also performing negative with a loss of -3.27% bringing the current level down to 0.00063499 BTC. The price levels are building a new support point around $12.40. 

BCH/USD 

Source: coinmarketcap

Bitcoin Cash price levels looked for a positive crossover above the crucial mark of $300.00 on Wednesday’s market session. The CMP is placed at $290.99 with a marginal gain of 0.95% bringing the market capitalization to $5,468,895,138 with the 24-hour volume traded of $2,764,819,504. The BCH/BTC pair is still performing negative with a loss of -1.23% bringing the current level down to 0.01482012 BTC. The current price levels might face minor resistance at $295.00. 

LTC/USD 

Source: coinmarketcap

Litecoin has able to maintain sustainability above the crucial mark of $80.00 and again targeting the major resistance level of $90 during the market session. The CMP is placed at $86.92 with an overall gain of 6.50% adding the weekly gain to $7.81%. The market capitalization is at $5,458,944,622 with a 24-hour volume traded of $3,882,860,590. A positive breakout above the major resistance will provide a significant bullish signal for the upcoming trading sessions. 

BNB/USD 

Source: coinmarketcap

Binance coin targeted for a positive crossover against the resistance level of $30.00 on Wednesday’s market session. The CMP is placed at $29.56 with an overall gain of 1.56% adding the weekly gain to 4.98%. The market capitalization is at $4,247,104,895 with a 24-hour volume traded of $260,410,787. However, the BNB/BTC pair is still trading negative with a loss of -4.47% bringing the current level down to 0.00146559 BTC. 

DOT/USD 

Source: coinmarketcap

Polkadot price levels were able to provide a positive crossover above the crucial mark of $5.00. The CMP is placed at $5.27 with an overall gain of 2.56% adding the weekly gain to 8.13% and bringing the market capitalization to $4,707,197,154 with the 24-hour volume traded of $383,179,023. However, the DOT/BTC pair is still trading negative with a loss of -4.08% bringing the current level down to 0.00025509 BTC. 

ADA/USD 

Source: coinmarketcap

ADA price levels gave a positive crossover above the crucial mark of $0.16 on Wednesday’s market session with an overall gain of 3.16% over the day. The CMP is placed at $13.09 adding the weekly gain to 14.37% and bringing the market capitalization to $5,056,765,33 with the 24-hour volume traded of $773,569,272. However, the ADA/BTC pair is still trading negative with a loss of -1.06% bringing the current level to 0.00000790 BTC. 

BSV/USD 

Source: coinmarketcap

Bitcoin SV had a positive crossover against the major resistance level of $170.00 on Wednesday’s market session. The CMP is placed at $174.12 with an overall gain of 1.71% adding the weekly gain to 4.34%. The market capitalization has reached $3,238,388,126 with a 24-hour volume traded of $477,051,792. However, the BSV/BTC pair is still performing negative with a loss of -3.78% bringing the current level to 0.00850982 BTC. 

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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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