Bitcoin, BTC to USD, up 2214% in the week leading up to Jan. Reverting December 1, Bitcoin fell 18% from the previous week, with rates ending at 23427 USD0

It was a mixed start to the week. Bitcoin fell to a Monday low of 19008 USD3 before you move

When Bitcoin turned 18$ 053 off the first major support level, it rose to a Sunday high and a new swing of 24244 USD0

Bitcoin broke the week’s major resistance levels on its way to new all-time highs

After a bearish end of the week, Bitcoin fell back to below 23 levels around the weekHowever, despite the retreat, Bitcoin avoided relapsing from the third major resistance level at 22418 USD

6 days in the country including a 955% rally on Wednesday and a 689% gain on Thursday provided the uptrend

Bitcoin should have a decline through the pivot of 22Avoid $ 186 to run at the first major resistance level of 25Support $ 364

So that Bitcoin to a higher level of 25It would require broader market support

Aside from an extended crypto rally, the first major resistance level and resistance would be at 25500 USD likely to limit an uptrend

In the event of another breakout, Bitcoin could raise resistance before pulling back at 28Test $ 000 The second major resistance level is at 27301 USD

If you fall through the pivot at 22186 USD is not avoided, the first major support level of 20USD 249 brought into play

However, apart from another extended sell-off, Bitcoin should drop the support levels below 20$ 000 and the 23 avoid 6% FIB of 19$ 374 The second major support level is at 17071 USD

At the time of writing, Bitcoin was up 1.02% to 23On a mixed start to the week on Monday, Bitcoin fell to an early morning low of 23$ 280 before a high 23693 $ 0

Litecoin rose 3948% for the week ended March 20th December after a 1Litecoin posted a 65% drop from the previous week and ended the week at 114 USD65

In a mixed first half of the week, Litecoin fell to a Wednesday midweek low of $ 7843 before moving

Avoid the first major support level at $ 725, Litecoin rebounded to a high of $ 124 within the week of Saturday 40

More importantly, Litecoin also broke the 62% FIB of $ 100 to form a short-term uptrend that formed on the $ 25 swing in March0

On a mixed end of the week, Litecoin pulled back to end the week below USD 115 Despite the pullback, Litecoin ended the week holding above the third major resistance level at USD 1136

5 days in the country including a 1428% breakout on Wednesday and 965% rally on Saturday provided the uptrend

Litecoin would have to avoid falling through the pivot level at USD 1058 to support a run at the first major resistance level at USD 1332

However, in order for Litecoin to reach the USD 130 level, it would require support from the broader market

Aside from another extended crypto rally, the first major resistance level and resistance at USD 135 would likely limit an uptrend

In the event of another breakout, the second major resistance level is at USD 1518 and resistance at $ 160 would likely come into play

Failure to avoid falling through the $ 1058 pivot would bring 236% FIB of $ 101 and levels below $ 100 into play

Subject to a lengthy sell-off, however, Litecoin should avoid the first major support level of USD 873 and the 382% FIB of USD 86

At the time of writing, Litecoin was up 1-13% to USD 11594 On a mixed start to the week, Litecoin fell to an early morning low of USD 11312 before a high $ 11695

21 December 2020

World News – AU – Bitcoin and Litecoin – Weekly Technical Analysis – Dec. December 2020

Source: https://www.fxempire.com/forecasts/article/bitcoin-and-litecoin-weekly-technical-analysis-december-21st-2020-689679