Bitcoin Price and Ethereum to Gain Support at 38.2% Fibonacci Level; Litecoin Jumps 23%

On November 25, Bitcoin, the leading cryptocurrency, failed to break above the $16,800 level and began to fall toward the 38.2% Fibonacci retracement level. Similarly, Ethereum, the second most valuable cryptocurrency, has followed Bitcoin's lead and is currently trading bearishly toward $1,160.

Timeline of Bitcoin, Ethereum, Litecoin

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A popular cryptocurrency analyst has pointed out that Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, must hold above a key price level before its price can potentially move over the $1,500 mark.

Belgium's take on what conditions must be met in order for a crypto asset to be classed as a security are in contrast to the views of U.S. Securities Exchange Commission Chairman Gary Gensler.

Popular cryptocurrency analysts have weighed in on Litecoin's recent price surge and have said that the cryptocurrency is set to undergo a massive breakout after a “large accumulation” period that preceded its upcoming halving event.

Litecoin's hash rate and difficulty skyrocketed  Metrics and Galaxy Score seemed optimistic too  However, the RSI and MFI were near the overbought zone on the charts Litecoin's [LTC] hash rate has been on fire lately, with the altcoin recording sustained upticks for several weeks now.

A popular cryptocurrency analyst has predicted a “massive bull run” is set to be seen in the near future after the flagship cryptocurrency Bitcoin ($BTC) formed a bottom pattern that was last seen back in 2015.

A popular crypto analyst who accurately predicted Bitcoin's (BTC) crash in May 2022 is forecasting what's next for BTC and the crypto markets. Pseudonymous crypto trader Capo details to his 676,000 Twitter followers what could happen to the crypto markets during both higher and lower time frames.

A widely followed crypto analyst says that altcoins should begin to skyrocket as soon as next year. The pseudonymous trader known as TechDev tells his 401,100 Twitter followers that altcoins look primed to spark a massive rally going into next year despite recent negative expectations and narratives centered around the crypto industry.

Ethereum price analysis indicates ETH opened the daily trading session with a slight increase, reaching highs of $1,199.48 during the day. From there, it dropped slightly to a low of $1,176 before bouncing back up toward its current price of around $1,200.