Price Analysis 12/07: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, XLM

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The bulls are currently attempting to rise back above the 50-day SMA. A breakout of the moving averages can result in a rally to $320.840.Conversely, if the ETH/USD pair reverses direction from the 50-day SMA or the 20-day EMA, it can correct to the next support at $226.58.

LTC/USDLitecoin is attempting to hold the support line of the ascending channel.

If the recovery stalls at $111.8994 or close to the 20-day EMA, bears will attempt to sink the LTC/USD pair below the support line of the channel.

If successful, the next support is way lower at $66. On the other hand, if bulls scale the pair above the moving averages, a rally to $140.3450 and above it to the resistance line of the channel is likely.

BCH/USDBitcoin Cash plunged below the support line of the channel on July 11.

If the price fails to rise into the channel, the BCH/USD pair is likely to correct to $280. If this support also cracks, the next level to watch on the downside is $227.70.EOS/USDEOS is attempting to hold the $4.4930-$3.8723 support zone.

Contrary to our assumption, if the bears sink the EOS/USD pair below the support zone, it can drop to $2.20.BNB/USDBinance Coin has bounced off the critical support at $28.7168.

The price is currently attempting to take support closer to $152.015, which is the 50% retracement level of the recent rally.

If the price bounces off the support, it will attempt to climb back above $172.910.

If the support at $152.015 cracks, the next support is way lower at $134.360.