Cryptocurrencies price prediction: Bitcoin, Litecoin & Ethereum Classic - Asian Wrap 16 Oct
|Bitcoin price analysis: BTC/USD bear flag pattern heightens the risk for more declines
Bitcoin price is still suffering the effects of breaking the falling triangle support as observed on the daily chart. Besides, the descending trendline resistance continues to limit movement to the north.
Litecoin price analysis: LTC/USD keeps trending sluggishly in a constricted range
Following a bearish Tuesday, the bulls have taken control of the market. The price of LTC/USD fell from $57 to $54.65 yesterday and has since recovered to around $54.80. Over the last three weeks, LTC/USD is trending in a constricted range of $60 and $54.
Ethereum Classic forcefully breaking away from other cryptocurrencies
Ethereum Classic is all over a sudden breaking away from the rest of the top 30 cryptocurrencies. The digital asset has sprung up recording a 2% increase in value at the beginning of the European session.
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