Price analysis 12/11: BTC, ETH, XRP, LINK, BCH, LTC, BNB, DOT, ADA, BSV

• The overall market conditions have provided a positive bounceback after the majority of the coins reached their respective support zones while facing negative momentum from past few trading sessions
• The global crypto market capitalization is $539.84B resulting in an increase of 2.13% over the day 
• The total crypto market volume traded over the last 24-hours stands at $112.79B resulting in a decline of -4.69% over the day 
• The dominance of BTC/USD is currently at 63.00% resulting in an increase of 0.16% over the day 

BTC/USD 

Bitcoin price levels were able to have a positive breakout above the crucial mark of $18k after testing major support level of $17750 during the downtrend. The CMP is placed at $18449.45 with an overall gain of 3.06% bringing the market capitalization to $342,039,083,859 and the 24-hour volume traded of $23,855,434,226. The price levels will be facing resistance at $19400 and $19800 respectively. 

ETH/USD 

Ethereum was also able to regain positive momentum while having an overall gain of 2.28% for the day on Saturday’s market session. The CMP is placed at $556.22 bringing the market capitalization to $63,504,670,831 with the 24-hour volume traded of $9,372,901,819. The ETH/BTC pair is still performing negative with a loss of -0.76% bringing the current level to 0.03025503 BTC. The current level can be facing minor resistance at the price level of $560. 

XRP/USD 

XRP price levels continued to face a negative trend which can be the result of its utility fork, Flare Network, airdropping its native tokens Spark (FLR) to XRP holders today. The CMP is placed at $0.514174 with an overall loss of -6.90% bringing the market capitalization to $23,579,453,959 and the 24-hour volume traded of $10,947,712,076. The XRP/BTC pair is also performing significantly negatively with an overall loss of -9.76% bringing the current level to 0.00002816 BTC. 

LINK/USD 

Chainlink price levels managed to give a positive crossover above the crucial mark of $12.00 on Saturday’s market session. The CMP is placed at $12.09 with an overall gain of 3.71% bringing the market capitalization to $4,796,236,583 with the 24-hour volume traded of $975,149,791. The LINK/BTC pair has also turned positive having an overall gain of 0.49% bringing the current level to 0.00065737 BTC. The current price levels need to build sustainability above the price mark of $12.00 for establishing a stable positive momentum. 

BCH/USD 

Bitcoin Cash price levels also provided a positive bounce back on Saturday’s market session. The CMP is placed at $265.60 with an overall gain of 2.52% bringing the market capitalization of $4,938,953,143 with the 24-hour volume traded of $1,573,564,411. The BCH/BTC pair is still performing negatively with an overall loss of -0.48% bringing the current level to 0.01444659 BTC. The current price levels will be facing minor resistance at $270.00. 

LTC/USD 

After touching the major support level of $75.00, Litecoin price levels were able to have a positive bounce back on Saturday’s market session. The CMP is placed at $74.96 with an overall gain of 5.52% bringing the market capitalization to $4,945,075,684 and the 24-hour volume traded of $3,177,012,924. The LTC/BTC pair has also turned positive having an overall gain of 2.40% bringing the current level to 0.00407059 BTC. 

BNB/USD 

After touching the major support zone around $25.00, Binance coin was able to have a positive bounce back on Saturday’s market session. The CMP is placed at $27.89 with an overall gain of 3.29% bringing the market capitalization to $4,026,761,385 and the 24-hour volume traded of $274,421,986. The BNB/BTC pair is still performing negatively with a marginal loss of -0.14% bringing the current level to 0.00151533 BTC. 

DOT/USD 

Polkadot was able to bounce back positively after touching the support zone around $4.50 during the downtrend. The CMP is placed at $4.71 with an overall gain of 2.055 bringing the market capitalization to $4,183,412,046 with the 24-hour volume traded of $294,043,866. The DOT/BTC still performed negatively with a loss of -1.53% bringing the current level down to 0.00025593 BTC. The current price levels might face minor resistance at $4.90. 

ADA/USD 

ADA price levels had a positive breakout above the crucial mark of $0.14 on Saturday’s market session. The CMP is placed at $0.145520 with an overall gain of 6.00% bringing the market capitalization to $4,520,598,140 with the 24-hour volume traded of $648,144,664. The ADA/BTC pair has also turned positive with an overall gain of 2.27% bringing the current level to 0.00000790 BTC. The significance of the current positive momentum might be indicating that the bulls are targeting for a positive breakout above $0.15. 

BSV/USD 

Bitcoin SV price levels were also able to have positive bounce after testing the support zone around $160 during the downtrend. The CMP is placed at $164.75 with an overall gain of 1.70% bringing the market capitalization to $3,061,582,155 and the 24-hour volume traded of $338,579,137. The BSV/BTC pair is still trading negative with a loss of -1.52% bringing the current level down to 0.00895607 BTC. 

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