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BTC, XRP, LTC, BCH and ADA Price Analysis for December 25

How much power is left for the prospective coins to grow until the end of 2020?

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Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of CryptoComes. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The cryptocurrency market has come back to the green zone as all Top 10 coins are again under the bullish influence.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The key statistics for Bitcoin (BTC), XRP, Litecoin (LTC), Bitcoin Cash (BCH) and Cardano (ADA) today:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$453,536,707,555 $24,450.07 $41,531,196,682 5.35%

XRP

XRP

$16,805,896,782 $0.375513 $16,078,100,225 39.40%

Litecoin

LTC

$7,977,057,347 $120.90 $9,848,151,332 16.54%

Bitcoin Cash

BCH

$5,898,641,893 $318.97 $5,135,279,592 13.12%

Cardano

ADA

$5,027,339,585 $0.161932 $1,240,203,631 10.09%

BTC/USD

Bitcoin (BTC) has set its new peak at $24,700. The price change over the last week has accounted for +6.19%.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the weekly chart, Bitcoin (BTC) has the potential to grow to the level at $26,500, according to the Fibonacci retracement. The ongoing rise is supported by the trading volume, which means that buyers are ready to push the rate of the chief crypto higher.

Bitcoin is trading at $24,507 at press time.

XRP/USD

XRP is the main leader today but, just a few days ago, it was the top loser. The rate of the third most popular crypto has risen by 39% over the last day.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

On the daily time frame, XRP is looking bullish as bears could not seize the initiative after a drop to $0.21.

👉 MUST READ XRP Price Analysis for December 22related article image

In this case, buyers are back in the game and are ready to recover the rate to $0.50 for one coin.

XRP is trading at $0.3750 at press time.

LTC/USD

Litecoin (LTC) is the second fastest growing coin from our list. The rate of the "digital silver" has rocketed by almost 17% since yesterday.

LTC/USD chart by TradingView
LTC/USD chart by TradingView

Litecoin (LTC) is also looking bullish on the weekly time frame. It has growth potential to reach the resistance at $144, which is the peak of 2019. In addition, the trading volume is high enough, which means that the aforementioned level might be attained by the end of the year.

Litecoin is trading at $123.64 at press time.

BCH/USD

Bitcoin Cash (BCH) is not an exception to the rule as its rate has also significantly increased over the last day.

BCH/USD chart by TradingView
BCH/USD chart by TradingView

From the technical point of view, Bitcoin Cash (BCH) has no bearish signals in the long-term case. The buying trading volume is high and the next target is around $370.

Bitcoin Cash is trading at $313.95 at press time.

ADA/USD

Cardano (ADA) has shown less growth compared to other coins from the list. Its rate has gone up by 10%.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

On the daily time frame, Cardano (ADA) made a false breakout of the $0.14 mark. Most of the liquidity is focused around $0.17, which the altcoin may reach shortly. Such a scenario is valid until the end of the current year.

Cardano is trading at $0.1597 at press time.

 

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Denys Serhiichuk

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 [email protected]