Cryptocurrencies Price Prediction: Bitcoin, Litecoin and Ethereum – European Wrap 26 October
|Bitcoin Price Prediction: Non-FOMO levels to accumulate BTC before $22,000
Bitcoin price has shown considerable bullish momentum over the past 24 to 30 hours, which has resulted in a massive rally for many altcoins. This development is likely to continue after a minor pullback. So investors that missed this rally should be cautious about entering the market late and getting caught in the wrong direction.
Litecoin price goes nowhere as traders are trying to reassess their next move
Litecoin (LTC) price sees traders trying to wrap their minds around what happened on Tuesday when bulls managed to pierce through an impenetrable wall that bears had cemented at $65.08. Unfortunately, on the breach of it, bears quickly rushed in to run price action back down, making it a very expensive bull trap with a max 13% loss for bulls that entered above $65 and waited until the close of the day to off-load their entered long positions.
Ethereum price rises to $1,500 as CFTC chairman declares BTC and ETH as commodities
For the first time in weeks, the crypto market did well for itself, adding over $40 billion to market capitalization within 24 hours. Many cryptocurrencies joined the rally led by the king coin, Bitcoin, and altcoin king, Ethereum. Although along with the positive market moves, the two assets noted the bullish response from an interesting announcement as well.
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