Bitcoin and Litecoin – Weekly Technical Analysis – November 16th, 2020


Bitcoin rose by 3.00% in the week ending 15th November. Following on from a 12.69% breakout from the week prior, Bitcoin ended the week at $15,965.0.

It was a bearish start to the week. Bitcoin fell to a Monday intraweek low $14,841.0 before making a move.

Steering clear of the first major support level at $13,842, Bitcoin rallied to a Friday intraweek high and new swing hi $16,481.0.

Falling short of the first major resistance level at $16,523, Bitcoin fell back to sub-$16,000 levels. A…

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