Altcoin-market analysis KW48 – Bitcoin Cash continues to decline, Litecoin in comparison at least

the entire market capitalization has fallen to 129 billion U.S. dollars. All crypto-currencies within the Top 10 heavy course had to absorb losses. Bitcoin Cash had to lose half of its course.

Dr. Philipp Giese
26. November 2018 share Facebook Twitter LinkedIn xing mail

shows the price development of ten crypto-currencies with highest market capitalization, which is given in billions of US dollars.

the Name of the course in US dollars, market capitalization in billions of US dollars Weekly price change in percent price evaluation, Support in U.S. dollars Resistance in US dollars, Bitcoin 4.068,70 70,77 -25 rather bearish 3.785,65 4538,01 XRP 0,38 15,32 -22 bearish 0,33 0,42 Ethereum 116,67 12,07 -28 rather bearish 79,15 166,08 Bitcoin Cash 182,53 3,19 -51 rather bearish 146,80 260,32 EOS 3,40 3,08 -21 rather bearish 2,71 4,54 Stellar 0,16 3,04 -33 rather bearish 0,13 0,20 Litecoin 31,77 1,88 -20 rather bearish 28,75 36,00 Tether 0,99 1,83 -1 -- -- -- Cardano 0,04 1,00 -32 rather bearish 0,03 0,05 Monero 59,48 0,99 -28 rather bearish 47,90 87,01

We are in the depths of a bear market. Only seven of crypto-currencies within the Top 100 to show gains. It is mostly Stable Coins that tend to fluctuate. Like on 25. November it was reported that not only is Bitcoin below 4,000 US dollars have fallen, but also XRP is below the moving average of the last 20 weeks. Although the market began to recover somewhat, but from a real market shift, we are still far away. Again it hit Bitcoin Cash particularly hard – the price has halved. Litecoin had to absorb a 20 percent drop in Price, and can perform within the Top 10 of the best.

the market capitalization of this sale was that this fell from 173 billion to US $ 129 billion dollars.

A glance at the Charts is all together rather bearish: all the estimates are negative, so that Short Positions be worthwhile. The "is rather" in "rather bearish" due to the small glimmer of hope that the RSI is oversold. Overall, the market is therefore currently the primary for the Shorting interesting. As the first Targets of the specified Support, as Stop Losses, are the Resistances.

Best price development: Litecoin (LTC)

to speak Of a "winner of the week", sounds like a travesty, but must also accept the Litecoin exchange rate a whopping 20 percent exchange rate losses. So Litecoin is, however, better than all the other crypto of the Top 10 currencies excluded to, Tether. However, Litecoin has dropped low and tested Support, which was reached in July 2017 for the last Time (see the left Panel in the Chart).

The negative, but is currently stabilizing MACD, combined with the oversold RSI of hope. Nevertheless, the overall situation more bearish to assess. With a fall under the Support 28,75 dollars a window for a Short Position with a Stop would Loss 33,25 US Dollar and Targets in 21,90 US Dollar and 17,45 US Dollar.

crack the course in fact, the Resistance 36,00 dollars, you could Loss with a Stop at 33,25 US Dollar as the Target 42,91 US Dollar in the context of a Long target Position.

Worst course development: Bitcoin to Cash (BCH)

The price of Bitcoin Cash is still scarred from the Hash. This week, the little brother of Bitcoin had to bleed and lost more than 50 percent of its market value. This means that the price is testing now for a year applicable to long-term support.

Like a majority of other crypto-currencies, the MACD is also negative and the RSI is oversold, so a total of a more bearisher impression. Currently, you should wait and see if the course on the Resistance 260,32 US dollars, would be a cautious Long Position with a Stop Loss at 200 US dollars and a first Target at 330,54 US Dollar. Of course, however, the Support 146,80 US Dollar, would the price Deep to find that he has achieved so far. A first rough Target would be 77,26 dollars, while the Stop Loss at approximately US $ 180.

the stability of the Top 10

Currently, the battle in the midfield is very exciting: Between Bitcoin and Cash, EOS and Stellar is only a few percent. The Stellar should increase rates by five percent could be a new crypto-currency to Bitcoin Cash on the fifth place displace. Very nearly, the distance between Litecoin and Tether is also: Only three per cent separates Litecoin from the Stable Coin. The tightest head-to-head race is held, however, on the rear seats, because in between Moneros and Cardanos market capitalization is only one percent.

winners and losers of the week

on Average, the Top 100 have fallen by 24 per cent and a must-have to absorb on average about the same losses as Bitcoin. Factom could continue the Upward trajectory of the last week and a gain of a full 28 percent. All other exchange gains fade: Sirin Labs was able to win five per cent, while it brings the quark chain and at least eight percent.

in addition to Bitcoin, Cash is still the Metaverse ETP could produce over 50 percent of losses and is thus in terms of Performance is at the end of this week.

58 percent of the Top 100 crypto-currencies have worse performing than Bitcoin. The market share of Bitcoin therefore rose slightly and is now 54 per cent.

Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

BTC-ECHO table data on the Basis of coinmarketcap.com

the chart images on the Basis of the data of kraken.com and bitfinex.com.

USD/EUR exchange rate on the cut-off: 0,88 euros.