Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Ripple – Asian Wrap 10 Dec
|What renowned chartists think about the short-term direction of Bitcoin price
Bitcoin price seems to be responding accordingly as many expert traders appear to have agreed to the downward market outlook to be expected in the short term. Of late, it is likely that market participants have become more risk-averse.
Litecoin Price Prediction: LTC buyers struggle to justify bounce off five-week-old support above 77.00
LTC/USD fails to extend the pullback from an eight-day low, marked on Wednesday, while recently easing to 77.45 during early Thursday. The crypto major dropped after breaking 21-day EMA for the first time in December. However, an upward sloping trend line from November 04, at 72.12 now, triggered the quote’s U-turn.
Ripple price defends critical support level and aims for $0.75 in the short-term
After a widespread market crash in the past 24 hours, pushing XRP from $0.58 to a low of $0.50, the digital asset has managed to recover forming a bullish candlestick on the daily chart and defending a critical support level.
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.