The trading week concluded for major cryptocurrencies with a retracement following previous gains. Despite the pullback, the overall market capitalization increased from $1.58 trillion to $1.62 trillion. In the past seven days, Bitcoin declined by 1.57%, Ethereum by nearly 4%, Ripple by 2.20%, and Litecoin by over 4%.
Bitcoin
This week, Bitcoin retreated to the support level of 40,626, recovering some losses and aiming for the resistance at 44,137. It has potential for an upward turn or further rise to 46,660 after this level.
Ripple
Finding support at 0.5954, XRP/USD has a slight movement margin to the resistance at 0.6600. If consolidation occurs above 0.6600, growth might extend to 0.7298.
Ethereum
Ethereum dipped to the support at 2139.04 but held above it, reaching resistance at 2282.59. Consolidation above this border may lead to continued price increases towards the December 8 highs and beyond, to the resistance at 2545.76.
Litecoin
An ascending channel is evident on the Litecoin chart. Should the support hold, quotes may rise towards resistance in the 82.90 area. Alternatively, a price decline to support at 64.70 is a plausible scenario.
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