If the bulls support the price at $131.484, we anticipate another attempt to scale above the 20-day EMA at $143. If successful, a rally to the 50-day SMA at $157.50 is possible.
As the price has been trading close to the overhead resistance at $0.20041, we anticipate the bulls to push the price above it.
Though the 20-day EMA is placed just above $0.20041 resistance, we expect the bulls to push the price above it.
Contrary to our assumption, if the bulls fail to propel the price above $0.20041, the XRP/USD pair might retest the recent low at $0.17468.
The short-term traders can buy if the price sustains above $204 for four hours with a stop loss of $183.LTC/USD. Litecoin has pulled back to the 20-day EMA at $43, which is just above the resistance line of the descending channel.
If the bulls can sustain the price above $2.5804, a rally to $2.8695 is likely.
If the bulls can sustain the price above 20-day EMA, a rally to $16.50 is possible.
The bulls will now try to push the price above the overhead resistance at $92.693.
The downtrend will resume on a break below the recent low at $77.203.XTZ/USD. Though the intraday price action in Tezos has been volatile, its daily closing has been just above or below the 20-day EMA for the past five days.
Contrary to our assumption, if the bulls can push the price above $0.0163957, a rally to $0.0234 is possible.
Price Analysis Dec 23: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XTZ, TRX
gepubliceerd op Dec 23, 2019
by Cointele | gepubliceerd op Coinage
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