Litecoin, Monero, BAT Price Analysis: 20 November – AMBCrypto EnglishNovember 20, 2020
The past week saw Bitcoin scale new heights with the coin going past its $18K resistance in a bid to recreate the historic 2017 rally. At press time Bitcoin was being traded at $18,242 with a trading volume of $23.1 billion.
On the back of the Bitcoin bull run, many altcoins have noted positive gains. However, the upward momentum was not uniformly seen in all altcoins. Coins like LTC surged by over 34 percent however smaller coins like BAT seem to have been stuck in strong sideways price action.
Litecoin is ranked sixth in terms of market cap and in the past week saw its price increase by over 34 percent. At press time LTC is being traded at $81.4 with a market cap of $5.34 billion. Interestingly, the coin’s price has now come in contact with resistance at the $82.8 price level. However, if the coin were to see a fall in the charts, then it can rely on the supports at $71 and $61.5.
The Bollinger Bands continue to remain fairly wide for the coin implying the continued presence of