On 25 November, Bitcoin, the leading cryptocurrency, failed to break the $16,800 level and started a decline towards the 38.2% Fibonacci retracement level. Similarly, EthereumThe second most valuable cryptocurrency followed the lead of bitcoin and is currently trading bearish towards $1,160.
The reason for the risk-off sentiment in the market could be related to the recent HodlNotch update.
According to bloomberg newsThe Department of Commercial Affairs, the white-collar crime unit of the Singapore Police, is investigating HodlNot, a Singapore-based crypto lender that is currently under interim judicial management.
crypto market cap update
Major cryptocurrencies were trading unevenly globally early on Nov. 25 crypto market cap fell 1% to $828.27 billion on the previous day. In contrast, the total crypto market volume fell by 47% to $48.87 billion in the past 24 hours.
The total DeFi volume was $3.21 billion, which is 6% of the total 24-hour volume in the crypto market. The total volume of all stable coins was $44.98 billion, accounting for over 93% of the entire 24-hour volume of the crypto market.
Let’s take a look at the top 24-hour altcoin gainers and losers.
Top Altcoin Pros and Cons
binaryx (BNX), Huobi Token (HT), and stack (stx) Here are three of the top 100 coins that gained price in the last 24 hours. BNX is up over 7% to $169, HT is up over 5% to $5.65, and STX is up almost 1.5%.
Yunus Sed Leo (LEO), Clayton (KLAY), and Arviv (AR) Three of the top 100 coins lost value in the past 24 hours, with LEO and KLAY falling over 7% to trade at $3.88 and $0.17 respectively. At the same time, the price of AR is down by over 6% and is trading at $8.95.
bitcoin price
the current bitcoin price $16,418 with a 24-hour trading volume of $24 Billion. Over the past 24 hours, the BTC/USD pair has declined by approximately 1.5%, while coinmarket cap Currently in the first position with a live market cap of $346 billion, down from $350 billion yesterday. It has a total supply of 21,000,000 BTC coins and a circulating supply of 19,216,412 BTC coins.
Looking at the technology, Bitcoin It has yet to break the $16,785 resistance despite the dovish FOMC meeting minutes. Investors are experiencing FUD as a result of the FTX and now Hodlnaut news.
BTC/USD The pair is currently declining towards the 38.2% Fibonacci retracement level of $16,300. On the 4-hour time frame, it has already crossed below the 50-day EMA to signal a sell bias.
Similarly, key technical indicators such as the RSI and MACD are very close to entering the sell zone, and if it does, BTC could break below the $16,300 mark and reach the $16,000 support. The next level of support is set at $15,600.
On the other hand, a bullish breakout of the $16,785 level could expose BTC towards the $17,000 or $17,550 levels.
ethereum price
current price of Ethereum at $1,177 with a 24-hour trading volume of $9 billion. Ethereum is up more than 2% in the last 24 hours. Coinmarketcap is currently ranked #2 with a live market cap of $144 billion. It has a circulating supply of 122,373,866 ETH coins.
on the 4 hour chart, Ethereum It is trading bearish at $1,176 and has formed a bearish engulfing candle, indicating a potential bearish bias in the market.
ETH is currently testing the 50-day moving average line at $1,175 and a bearish crossover below this level could reach the 38.2% Fib level at $1,160.
Another break below this level could take ETH to the $1,145 or $1,130 levels, which correspond to the 50% and 61.8% Fibo levels, respectively.
On the upside, a key resistance for ETH remains at $1,216, and a break above it could take it towards the $1,250 level. Later today, investors should keep an eye on the $1,160 level, as a failure to break below this level could result in a bullish rally or vice versa.
Litecoin jumped 23%
current price of Litecoin $77, with a 24-hour trading volume of $1.1 billion. Litecoin is up more than 1% in the past 24 hours, but it has a weekly gain of more than 23%. Coinmarketcap is currently ranked 13th with a live market cap of $5.5 billion.
It has a maximum supply of 84,000,000 LTC coins and a circulating supply of 71,687,456 LTC coins.
Some of the most well-known experts in the cryptocurrency market have commented on Litecoin’s recent price surge, predicting that the cryptocurrency will undergo a massive breakout following a period of “large accumulation” that preceded its upcoming halving event.
The pseudonymous crypto analyst Kaleo recently told his over 500K Twitter followers that LTC’s recent surge appears to be the “real deal” as the cryptocurrency is “long overdue for a solid pump”.
According to Kallio, the price of Litecoin has a long trough, during which it moves slowly downwards, followed by sharp peaks.
Smart Contractor, another well-known crypto expert, observed that LTC is breaking out of its range after “accumulating a huge amount”.
According to the analyst, BTC moves to the bottom about 500 days before its next halving event, and LTC’s breakout is taking place 230 days before its own halving.
Litecoin Price Prediction
Litecoin was rejected below the $83.65 resistance on the technical front, and the candle closed below this level to start a bearish correction.
Litecoin has already completed the 23.6% Fibonacci retracement level and is now declining towards $74, which was boosted by the 38.2% Fibonacci retracement level. The LTC/USD pair is expected to witness a bullish reversal above the $74 or $68.75 (61.8% Fibo level) support.
Pre-Sold Cryptocurrency With Huge Potential Profits
Dash 2 Trade (D2T)
dash 2 business Ethereum-based trading intelligence platform that provides real-time analytics and social data to traders of all skill levels, allowing them to make more informed decisions.
D2T, developed by Learn2Trade Services, provides market driven insights, trading signals and forecasting services to investors. According to the cryptocurrency initiative, customers will be given enough information to make an informed decision.
D2T started its token sale three weeks ago and has raised over $6.9 million. Following the pre-sale, D2T will be listed on LBank and BitMart, with the asset expected to increase significantly in price.
The current price of 1 D2T is 0.0513 USDT but it is expected to rise to $0.0533 in the next phase of the sale and to $0.0662 in the final phase.
Find the best price to buy/sell cryptocurrency
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