Cryptocurrencies price prediction: Bitcoin, Litecoin & Ripple – European Wrap – 18 March
|Bitcoin Price Analysis: BTC/USD sets the stage for a rally as miner capitulation looms – Confluence Detector
Bitcoin price show stability in the last 24 hours sees analysts predict a bottom is nigh and that means a rally is brewing not too far downstream. A minor dip under $5,000 on Monday painfully reminded the investors of last week’s gruesome rollercoaster dive to levels under $4,000. A recovery, however, ensued pulling BTC/USD upwards. Seller congestion at $5,500 made sure that the critical level at $6,000 is not tested. Bitcoin has been swinging between $5,000 and $5,500 in the last 24 hours.
Litecoin Price Analysis: LTC/USD may be poised for short-term recovery
Litecoin (LTC) recovered from the recent low of $29.17 and settled in a range limited by $36.00 on the upside and $32.00 on the downside. The 6th largest digital asset with the current market value of $2.1 billion has lost nearly 5% in recent 24 hours to trade at $33.7 at the time of writing. Litecoin's average daily trading volume is registered at $3.1 billion, mostly in line with the recent figures.
Ripple Price Analysis: XRP/USD bulls fail at $0.1500
XRP, now the third-largest digital asset with the current market value of $6.2 billion, has lost over 3% in the recent 24 hours to trade at $0.1450 At the time of writing. XRP/USD recovered towards $0.1500 during early Asian hours, but the upside momentum failed to gain traction amid a high level of market uncertainty. XRP's average trading volume is registered at $1.9 billion.
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.