Cryptocurrency Market Analysis as of November 28, 2024

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    The cryptocurrency market continues to grow, although Bitcoin has yet to reach $100,000 per coin. Meanwhile, Ripple has hit a new all-time high.
    The crypto market capitalization has increased from $3.18 trillion to $3.29 trillion within a week. During this period, Bitcoin has declined by 2.92%, Litecoin has gained 5.90%, Ripple has surged by more than 29.00%, and Ethereum has risen by 15.28%.

    Technical Analysis

    Bitcoin

    Bitcoin reached a historical high of $99,649 per coin before pulling back. The leading cryptocurrency found support at $90,899 and has since moved upward.
    The trading range between $90,899 and $99,649 may remain relevant until either the all-time high is surpassed or the correction deepens further.

    BTCUSD

    Ripple

    Ripple rose above its previous record historical high of $1.4094 and set a new one at $1.5392. If this level is updated, the next growth targets will be $1.6000 and $1.7938.
    In the current correction, support levels could be found at $1.4094 and $1.3216.

    XRPUSD

    Ethereum

    Ethereum has broken out the $3,586.13 level and is attempting to consolidate above it. A successful consolidation would pave the way for the second-largest cryptocurrency to target resistance at $3,992.43.
    If Ethereum fails to stay above $3,586.13, it could retreat to the support level at $3,293.59.

    ETHUSD

    Litecoin

    Litecoin is trading in the middle of the range between $88.12 and $102.30, with potential to move toward its resistance level.
    A consolidation above $102.30 could open the path for LTC/USD to aim for the next target at $115.00.

    LTCUSD

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