Bitcoin, Ethereum, Litecoin, Ripple’s XRP, Chainlink- Daily Price Predictions- November 9th, 2020

• The overall market conditions are looking for sustainability over the gained levels from the past few days wherein BTC is targeting stability above $15K and Ether looking to have another positive breakout above $450
• The global market capitalization has reached $442.74B resulting in an increase of 2.29% over the day 
• The total crypto market 24-hour traded volume has reached to $101.07B resulting in a decline of -26.06% over the day
• The dominance of the crypto king reaches to 64.39% resulting in an increase of 0.11% over the day 

Bitcoin Moves Positive Sustaining Above $15K; Ethereum Targeting Breakout Above $450; Altcoins rallies positive 

The overall market performed bullish on Monday’s Trading Session due to the global market sentiments remain optimistic as the US election dust settles with Former Vice President and Current President-Elect Joe Biden becoming the 46th President of The United States Of America. Bitcoin is looking highly sustainable over the gained price levels, but we could expect a profit booking momentum among the investors soon. Ethereum is looking for a positive breakout above $450 for retesting the resistance level of $470 again. Altcoins, including Chainlink, Litecoin, Cardano, etc., performed positively. 

Bitcoin Price Predictions 

The intraday chart of Bitcoin reflects on its attempts to retest the resistance level of $15800, however, got retraced back from the point of $15600. Currently, the price levels are looking for sustainability above $15k, avoiding any volatile movements. The CMP is placed at $15272.27 having an overall gain of 1.77%, bringing the market capitalization to $283,118,807,206 with the 24-hour volume traded of $27,604,761,058. During the retracement, the price levels bounced back from the price level of $15200, which could act as a new support point for the crypto asset in upcoming trading sessions. 

Ethereum Price Predictions 

Ethereum performed positively on Monday’s market session and was looking for a positive breakout above $450.00. The CMP positioned at $444.69, having an overall gain of 1.62% at the time of writing. The market capitalization stood at $50,406,875,865 with the 24-hour volume traded of $12,819,108,910. The ETH/BTC pair also performed positively with a marginal gain of 0.04%, bringing the level to 0.02918482 BTC. A sustainable price movement above $450.00 will help the world’s second-largest crypto asset to retest the resistance level of $470.00 further ahead in the market. 

Litecoin Price Predictions 

Litecoin’s positive momentum couldn’t hold above the crucial mark of $60.00, losing the gained levels in the bullish run. The CMP is now placed at $59.60 with a marginal gain of 1.00%, bringing the market capitalization to $3,924,065,205 and the 24-hour volume traded of $2,500,877,653. The LTC/BTC pair has turned negative facing a marginal loss of -0.42%, bringing the current level to 0.00392907 BTC. The contemporary nature of the crypto asset might end in the price levels getting consolidated if it does not achieve sustainability above the crucial mark of $60.00 

Ripple Price Predictions 

Ripple price levels are again very near to get consolidated as the price levels were unable to break above $0.26 and turned negative on Monday’s market session. The coin faced a marginal loss of -0.27%, bringing the CMP to $0.250562 at the time of writing. The XRP/BTC also turned negative while facing a decline of -1.82%, bringing the level to 0.00001645 BTC. The market capitalization has reached $11,353,586,423 with the 24-hour volume traded to $2,462,068,343. The price levels are currently facing the fear of consolidation and need a positive breakout above $0.26 for avoidance. 

Chainlink Price Predictions 

After breaking below $12.00, the price levels of LINK quickly bounced back from the price point of $11.80, which could be acting as a new support level and performed positively on Monday’s market session. Chainlink was able to reclaim $12.00 having an overall gain of 2.73%, bringing the CMP to $12.22. The LINK/BTC pair also performed positively with an overall yield of 1.21%, bringing the current level to 0.00080194 BTC. The coin will be targeting to restest the resistance level of $13.00 and maintain stability by breaking above the mark.