Cryptocurrencies Price Prediction: Bitcoin Cash, Ethereum & Litecoin – European Wrap 15 June
|Bitcoin Cash Price Analysis: BCH/USD slumps under descending channel support
Bitcoin Cash followed in the footsteps of Bitcoin and other major cryptocurrencies. The price is down 4% on the day after opening the day at $237. BCH/USD teeters at $228 while extending the bearish leg below the descending channel. The price is also below the moving averages; both the 50 SMA and the 200 SMA are likely to stand in the way of upward movement at $246.59 and $242.68 respectively.
Ethereum Market Update: ETH to outperform BTC and hit $7,500 during the next bull cycle
ETH/USD is changing hands at $223.40, down over 5% in the recent 24 hours. The second-largest digital coin hit the intraday low at $218 before fresh buying interest helped to push it back above $220.00. Despite the recovery, ETH is trading within a short-term bearish trend amid high volatility. Currently, Ethereum's market value is registered at $24.9 billion, while an average daily trading volume is $9 billion.
Ripple Price Update: XRP/USD bears target $0.1800 and they may succeed
Ripple's XRP is changing hands at $0.1844 down over 3% both on a day-to-day basis and since the beginning of the day. The four-largest didital asset with the current market capitalization of $8.2 billion and an average daily trading volume of $1.1 billion extended the decline after a period of range-bound trading during the weekends.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.