2022-12-3 18:10 |
Cryptocurrency prices crawled back as investors bought the dip.
Band Protocol rose sharply as DeFi volume bounced back.
Litecoin rallied as its hash rate and mining difficulty rose.
Cryptocurrency prices staged a slow recovery this week as investors bought the dip following the relatively encouraging statement by Jerome Powell. Bitcoin crossed the important psychological level of $17,000 for the first time in weeks. Similarly, Ethereum, XRP, and SOL rose by over 5%. Here are the top crypto price predictions for the weekend.
Band Protocol | BRISEBand Protocol was one of the best-performing cryptocurrencies this week. The coin jumped to a high of $2.78, which was about 77% above the lowest level this week. For starters, Band Protocol is an oracle network that makes it possible for developers to link off-chain data to the on-chain ecosystem. It is one of the biggest competitors to Chainlink.
The hourly chart shows that the BAND price rose to a high of $2.79 this week. It then pulled back and crossed the important support level at $2.30, which was the highest point on November 16. It remains slightly above the 25-day and 50-day moving averages and the ascending trendline shown in orange.
The Relative Strength Index has retreated below the overbought level of 70. Therefore, the coin will likely resume continue the bearish trend since it has formed an inverted hammer pattern. If this happens, it will likely retest the important support at $1.75. A move above the resistance point at $2.30 will invalidate the bearish view.
BAND chart by TradingView
CoinbaseCoinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.
Buy BAND with Coinbase today Disclaimer
BitpandaBitpanda is a digital assets brokerage company. It has grown to become one of the most popular crypto exchanges in the world, as it offers a user-friendly interface, it has developed a bunch of great features and it offers a variety of coins to invest in. Bitpanda has also built a reputation for security, and it has never experienced a hack of its data before.
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Litecoin | LTCLitecoin has been one of the best winners of the ongoing crypto sell-off. After plunging to a low of $47.85 in November, it rebounded to a high of $83. This recovery happened as investors reacted to the rising mining difficulty and hashrate. It was also driven by the increasing interest in digital coins.
On the 4H chart, we see that the coin went parabolic in November. As a result, it has remained above all moving averages. At the same time, it has formed what looks like a double-top pattern whose neckline is at $70.
The coin’s Relative Strength Index (RSI) has formed a bearish divergence pattern. Therefore, the coin will likely have a bearish breakout, with the key support being at $60.
LTC chart by TradingView
eToroeToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Buy LTC with eToro today Disclaimer
CoinbaseCoinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.
Buy LTC with Coinbase today Disclaimer
Bitgert | BRISEBitgert is an Ethereum rival known for extremely high speed and low gas fees. It is a relatively young platform on the BNB Smart Chain. After going parabolic earlier this year, BRISE price has plunged to the lowest level in months recently. Its total value locked has plunged from over $10 million to about $5 million.
On the hourly chart, it has moved slightly above the 25-day moving average while the Relative Strength Index has moved slightly above the neutral point at 50. It has also formed a small head and shoulders pattern. Therefore, the coin will likely have a bearish breakout as sellers target the key support at $0.00000030.
BRISE chart by TradingView
As BRISE is such a new asset, it's yet to be listed on major exchanges. You can still purchase BRISE using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy BRISE right now, follow these steps:
1. Buy BNB on a regulated exchange or broker, like Binance ›We suggest Binance because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your BNB to a compatible wallet like Trust Wallet or MetaMaskYou'll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the 1Inch DEXHead to 1Inch, and 'connect' your wallet to it.
4. You can now swap your BNB for BRISENow that you're connected, you'll be able to swap for 100s of coins including BRISE.
The post Coin price predictions: Band Protocol, Litecoin, Bitgert appeared first on CoinJournal.
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