BTC, ETH, EOS, TRX, and LTC Price Prediction: What to Expect Next from the Rebound?

Price Predictions
Tue, 11/26/2019 - 14:13
Denys Serhiichuk
How long will the bulls have to seize on the initiative?
Cover image via www.tradingview.com

The cryptocurrency market is trying to show some signs of life after its recent drop. Most of the top 10 coins are in the green, with Bitcoin (BTC) having the biggest gain of more than 3% since yesterday. The total market capitalization has also approached the $200 billion mark.

Top 10 coins by Coinstats

Below is key information for Bitcoin (BTC), Ethereum (ETH), EOS (EOS), TRON (TRX), and Litecoin (LTC):

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$129,858,035,148

$7,187.10

$26,603,475,545

3.14%

Ethereum

ETH

$15,928,751,324

$146.54

$8,709,194,961

0.47%

EOS

EOS

$2,433,864,273

$2.58

$2,097,430,825

1.57%

TRON

TRX

$958,761,960

$0.014378

$1,093,187,085

-0.49%

Litecoin

LTC

$2,961,549,171

$46.48

$2,921,497,676

0.35%

BTC/USD 

BTC has risen sharply in the last 24 hours. This was facilitated by oversold conditions, resulting in an increase in price above the $7,000 mark. However, in order to confirm the bullish forecast, BTC would need to grow by more than 15% before the end of the month - up to $8,300.

BTC/USD chart by TradingView

Looking at the hourly chart, BTC is trading sideways above the $7,100 support level. The last bullish candle closed with a long wick, which usually indicates a short-term rise.

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Traders should expect BTC to be near the $7,250 zone soon. The support line of the Bollinger Bands confirm that the coin is unlikely to go below $7,100 anytime soon.

At press time, BTC is trading at $7,145.

ETH/USD 

The technical analysis of ETH does look as positive as BTC, even though this main altcoin has grown by 0.9% in the last 24 hours. 

ETH/USD chart by TradingView

The price of ETH has increased by almost 15% from its local bottom of $132. However, the trading volume has been unable to support growth. 

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Major ETH Price Correction Is About to End: Bullish Crypto Trader

Moreover, the Moving Average Convergence/Divergence (MACD) indicator is located above zero and moving downwards. In a short-term scenario, the quotes might reach the $140 support level.

At press time, ETH is trading at $145.19.

EOS/USD 

EOS is showing better price dynamics than other altcoins, as its rate has increased by 1.22% since yesterday. 

EOS/USD chart by TradingView

According to the chart, the increase in price is not supported by the trading volume. As there are no vivid signs of continuing growth, the nearest price prediction scenario for EOS is to come back down to $2.54. The Ichimoku Cloud also confirms the dominance of a sideways trend. 

At press time, EOS is trading at $2.58.

TRX/USD 

While some altcoins have shown significant growth over the last few days, the price of TRX has remained relatively unchanged.

TRX/USD chart by TradingView

TRX could not even manage to touch its resistance level of $0.015. The trading volume index also remains low, suggesting that traders would prefer to deal with more volatile coins. In this particular case, the absence of buyers might push the coin down to $0.014.

At press time, TRX is trading at $0.0142.

LTC/USD 

LTC is trying to fix its $45 level, where most of the trading volume is concentrated.

LTC/USD chart by TradingView

LTC is approaching its resistance level of $48, and it is likely to achieve this mark because of strong interest by the bulls. The relative strength index (RSI) has moved out of the oversold territory, confirming the potential for growth. This also signals that the $48 mark is about to be attained through the end of the current week.

At press time, LTC is trading at $46.08.

About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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