Bitcoin, Ripple, Ethereum, Stellar, Bitcoin Cash, EOS, Litecoin, Cardano, TRON, Monero: Price Analysis, Dec. 5

Published on by Cointele | Published on

Mike Kayamori, CEO of Quoine, expects Bitcoin to make new lifetime highs by the end of next year, and believes that the bottom is close to current levels.

In a recently published report, American global management consulting firm A.T. Kearney suggests that Bitcoin will reclaim two-thirds of crypto market capitalization by end of next year.

There is a possibility that the price will remain stuck around current levels for the next few days.

Traders can keep their stops on the long positions, as suggested in the previous analysis.

XRP/USDThe bulls have been trying to keep Ripple above the immediate support of $0.33108 for the past two days but they have not been able to secure a strong rebound.

Traders can close their long positions if the price sustains below the channel.

A breakdown of the lows will resume the downtrend and can plunge it to the next lower support at $83.If the bulls buy the drop to $100, the ETH/USD pair will attempt to climb to $130.5, where it will face a stiff resistance from the declining 20-day EMA.A pullback to $167.32 can be expected if the bulls sustain the price above $130.5.

The short-term traders can use the opportunity to ride this move higher but, first, the price has to stop falling.

LTC/USDThe bulls have been attempting to put a bottom in Litecoin close to the $28 mark.

XMR/USDThe bulls are attempting to defend the low of $53.1 in Monero for the past two days.

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