{"id":41948,"date":"2022-12-09T22:51:27","date_gmt":"2022-12-10T02:51:27","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=41948"},"modified":"2022-12-09T22:51:30","modified_gmt":"2022-12-10T02:51:30","slug":"price-analysis-for-crypto-market-leaders-bitcoin-ethereum-litecoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/price-analysis-for-crypto-market-leaders-bitcoin-ethereum-litecoin\/","title":{"rendered":"Price Analysis for Crypto market leaders, Bitcoin, Ethereum, Litecoin"},"content":{"rendered":"\n<p>The general crypto market moves in retrospect of Bitcoin(BTC) Ethereum(ETH) and Litecoin (LTC) because they're built on the <a href=\"https:\/\/coinscreed.com\/staging\/binance-targets-1b-recovery-fund-for-distressed-crypto-assets.html\">layer 1 blockchain,<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/jr1wJyRukSA8BvpEVlMxSzSSoDDYNri4WGx4RfSkN5lJGZcrsOCMwojDLi8AuHbZN7AGQZGpozIE7sW6_qbnNKmqcMo32fSMfLuj1mNSHiBwM9xwxdhP5P_77_PdJoSfK58UQ5U120pIt1-jwY1ILb1lsces1rrw06CJShfm3jJ4vUlvtSDczxIYqE9PFA\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Price Analysis for Crypto market leaders, Bitcoin, Ethereum, Litecoin<\/figcaption><\/figure>\n\n\n\n<p>Volatility in the market is determined by these coins which is why In this article, we analyzed the top 3 cryptocurrencies to determine the movement of the market.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bitcoin-analysis\">Bitcoin Analysis&nbsp;<\/h2>\n\n\n\n<p>Bitcoin's price declined by 0.4% and by the end of today's trading session, the BTC price was $16,775<\/p>\n\n\n\n<p>BTC\/USD 4HR chart shown below.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/80l5ezPOlQ0S0Sa6bHHCZ8XjHVg1PLDgRJjobvdoBsMCAh-gVOQ7oApIunTIpWeU5hZz9MmbZWicI7TcrwwdF9N3nJpaj05_fLP8812-wG9jgBdwziLvmf20RUyukzw1prG8KGX5YmhhIr9qPpiig1-pORlE18AzS-GaAvD0XAdSajSEVDYXJdFmxH8eHg\" alt=\"\" \/><\/figure>\n\n\n\n<p>At the time of writing, the price of BTC is fluctuating between the 0.618 and 0.786 <a href=\"https:\/\/coinscreed.com\/staging\/how-to-use-fibonacci-retracement-to-trade-cryptocurrencies.html\">Fibonacci  levels<\/a>, or between $16,682.39 and $16,957.07.\u00a0<\/p>\n\n\n\n<p>If bullish traders can regain the 0.786 Fibonacci level, their next objective is to break out of the current <a href=\"https:\/\/coinscreed.com\/staging\/top-5-chart-patterns-every-trader-needs-to-know.html\">wedge pattern<\/a> in which BTC's price is trading at $17,366.87.\u00a0<\/p>\n\n\n\n<p>Bearish BTC traders are at odds with bullish BTC traders and hope to short BTC's price outside the pattern and below the $16,739.31 level if the wedge pattern breaks to the downside. Below this level, those short BTC have targets of 0.618, 0.236 [$16,069.20], 0.146 [$15,924.73], and 0 [$15,690.37] for a full retracement.&nbsp;<\/p>\n\n\n\n<p>The price is trading between the 0.618 Fibonacci level [$16,682.39] and the 0.786 Fibonacci level [$16,952]. .07]&nbsp;<\/p>\n\n\n\n<p>The<a href=\"https:\/\/www.investopedia.com\/terms\/f\/fear-and-greed-index.asp\" target=\"_blank\" rel=\"noopener\"> Fear and Greed Index<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> is currently at 25 Extreme Fear, a decrease of -4 points from Wednesday's reading of 29 Fear.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/P4iET8KkCGD8j_rAt3xnKRIIS7_QpUz-bMy_ApJyw0kfA6pL-ZgCy5n-w70A171B0dSBPjYYZ_xzpzYziZHTxPFaA2uiUgzpChEQBeoxKe6MFd0wJccBW2uIlFG2oU0QTEgDYFPQfNJf0bEToDWVwbRMrN4mawB7uDEmD1RBj6ibkd4SMQkII5B9vdWQGg\" alt=\"\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-crypto-market-fear-and-greed-index-indicates-extreme-fear\">The crypto market Fear and Greed Index indicates extreme fear&nbsp;<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>5-Day [$16,949.63]<\/li>\n\n\n\n<li>&nbsp;20-Day [$16,676.13]<\/li>\n\n\n\n<li>50-Day [$18,464.16]<\/li>\n\n\n\n<li>100-Day [$19,947.33]<\/li>\n\n\n\n<li>200-Day [$26,339.56]<\/li>\n<\/ul>\n\n\n\n<p>The average price of Bitcoin over the past 30 days has been $16,988, a decrease of -21% over the same period.&nbsp;<\/p>\n\n\n\n<p>Wednesday's Bitcoin price [-1.47%] daily candle closed at $16,844.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-analysis-of-ethereum\">Analysis of Ethereum\u00a0<\/h2>\n\n\n\n<p>Wednesday also saw a decrease in Ether's price, which ended the day's trading at -$40.22.&nbsp;<\/p>\n\n\n\n<p>&nbsp;At the time of publication, the price of Ethereum is fluctuating between the 0.7 Fibonacci level [$1,015.09] and the 0.9 Fibonacci level [$1,282.00].&nbsp;<\/p>\n\n\n\n<p>0.9, 1 [$1,413.96], 1.42 [$1,972.36], 2.5 [$3,408.27], and the 3 Fibonacci levels [$4,074.04] are the overhead targets on ETH for bullish traders who anticipate further gains.&nbsp;<\/p>\n\n\n\n<p>Those who are still shorting the ETH market have a primary target at the 0.7 fib level, with additional targets at 0.618 [$906.07], 0.5 [$749.18], 0.33 [$523.16], 0.25 [$416.80], 0.17 [$310.43], 0.08 [$190.78], and 0 [$84.41] for a full retracement.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/fl2KkhX6r_Yr_UMWqGvrkCnwDvk6ApZDrWlJV00-mUi1U4p_LxBYlrM6XqUnBAUeT7-9SmQhUud8437_DKDgdJEb5m5ZPuCoBQfx7rNZ2qCNM60oSOir9oNiCnMSByC2O0P7CHcIO_FEAsqTHiUdyG0xVKqsnEnm07oxW3qwpU96QE5ObhG9S3_QcGE5CQ\" alt=\"\" \/><\/figure>\n\n\n\n<p>ETH\/USD 4hr candlestick chart: <\/p>\n\n\n\n<p>The price is trading between the 0.7 fib level [$1,015.09] and the 0.9 fib level [$1,281] .00]\u00a0<\/p>\n\n\n\n<p>The 24-hour price range for ETH is $1,218.01 to $1,278.69, and the 7-day range is $1,218.01 to $1,302.22. The 52-week price range for ether is $883.62 to $4,485.76.&nbsp;<\/p>\n\n\n\n<p>The average price of ETH over the past 30 days is $1,246.47, representing a decrease of -24.07% over the same period.\u00a0<\/p>\n\n\n\n<p>The price of Ether dipped by&nbsp; [-3.16 %] in yesterday's trading session and ended with a value of $1,231.03<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-analysis-of-the-litecoin-price\">Analysis of the Litecoin Price&nbsp;<\/h2>\n\n\n\n<p>Litecoin's price followed the macro cryptocurrency sector downwards on Wednesday, and by the end of the trading day, LTC's price was -$3.05 per coin.&nbsp;<\/p>\n\n\n\n<p>The <a href=\"https:\/\/coinscreed.com\/staging\/crypto-whales-are-buying-these-3-altcoins-after-dogecoin-surge.html\">LTC\/USD <\/a>4hr chart will be the last analyzed on Thursday. At the time of publication, the price of LTC is fluctuating between the 0.08 Fibonacci level [$71.152] and 0.17 Fibonacci level [$98.207].\u00a0<\/p>\n\n\n\n<p>Bullish traders of the Litecoin market have 0.17, 0.25 [$122.255], 0.33 [$146.304], 0.5 [$197.408], 0.618 [$232.880], 0.7 [$257.530], 0.9 [$317.652], and the 1 fib level as their overhead targets.&nbsp;<\/p>\n\n\n\n<p>Bearish LTC traders have 0.8 as their downside target and 0 as their full retracement level [$47.103]<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/wA8OoftcMm2_k67B6pTqXAVTFWkN8ttplZZ6CdJ9xW04-j5r1GbIUhDCn-lQekYzQHgEkapmJMb7srRauKe1HD0Lk7hsjvprpkpt6dv5M6R8sK8Y5_ppQWSCPFZzkbQdJpf7wOe0o_aA6a7U7d6bAlR8su9bDF4lqlOdwhI6ufgLMvAuEgk_ovxokoJNMA\" alt=\"\" \/><\/figure>\n\n\n\n<p>LTC\/USD 4hr candlestick chart: the price is trading between the 0.08 Fibonacci level [$71.152] and 0.17 Fibonacci level [$98.00] .207]&nbsp;<\/p>\n\n\n\n<p>The 24-hour price range for Litecoin is $75.5 to $80.4, and the 7-day price range is $75.5 to $83.68. LTC's 52-week price range is $40.4-$167.1.&nbsp;<\/p>\n\n\n\n<p>Last year on this date, the price of Litecoin was $165.00.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/bitcoin-price-yesterday-today-and-the-future.html\">The average price of LTC<\/a> over the past thirty days has been $68,6 and has increased by 10.75% over the same period.\u00a0<\/p>\n\n\n\n<p>The daily candle for Litecoin's price [-3.82%] closed Wednesday at $76.85 and in the red for the second consecutive day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The general crypto market moves in retrospect of Bitcoin(BTC) Ethereum(ETH) and Litecoin (LTC) because they&#8217;re built on the layer 1 blockchain, Volatility in the market is determined by these coins which is why In this article, we analyzed the top 3 cryptocurrencies to determine the movement of the market.&nbsp; Bitcoin Analysis&nbsp; Bitcoin&#8217;s price declined by [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":41985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25],"tags":[152,132,128],"class_list":["post-41948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-bitcoin","tag-crypto","tag-ethereum"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/B53F4A26-58ED-44FD-8BDA-30CE47147004.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/41948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=41948"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/41948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/41985"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=41948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=41948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=41948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}