Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin – American Wrap – 25 November

BTC/USD Technical Analysis: Bitcoin finds support at the channel low and now looks to be heading higher

On the daily  chart  below it is clear to see that  Bitcoin  bounced off the channel low.

BTC/USD feels like it has been in freefall over the last few sessions and now we could see a base.

If the price gets back over 7,344  then we would see a bullish engulfing candle for the GMT candle close.  

The next major  resistance  is at 7,830 and this is where the market found support during late September and October.

XRP/USD Technical Analysis: Ripple makes a new wave low

Ripple has pushed lower earlier in the session but found bids ahead of 0.2000.

Now the price trades 0.33% higher at 0.2216. This is a far cry from the 0.5000 back in June.  

The next  resistance  level is at the psychological 0.2500 area and was used three times recently.

LTC/USD Technical Analysis: Price is rejecting resistance levels after move lower

The  Litecoin price  has performed well today after dropping to a low of 42.35 earlier on in the session.

Now  resistance  levels are in focus as 47.30 caps gains for now.

Above that, there are two other interesting levels close by. One being the  Fibonacci  23.6% resistance and the other the 48.62 consolidation high.