Cryptocurrencies price prediction: Bitcoin, Litecoin & Ripple - American Wrap - 31 October


Bitcoin could break higher today

Bitcoin has been volatile over the past few weeks. 10K seems to be a tough nut to crack and is now a strong resistance zone.

Since finding resistance just ahead of 10K the price it a low close to the current consolidation low of 8,920.00.

On Tuesday the price pushed high and took out the downward sloping trendline on the chart.

What is encouraging for the bulls is the amount of volume on the breakout. 

Litecoin technical analysis: LTC/USD capped by game-changing weekly resistance at $60

Litecoin price is trading in the green, with a gain of 1.30%  the session on Thursday.

LTC/USD weekly price action has been narrow for five trading weeks. 

Should the price fails to break $60, it could prove to be punishing. 

Ripple's XRP technical analysis: XRP/USD consolidates outside bearish flag

Ripple's XRP price is trading with the red by some 0.45% in the session on Thursday. 

XRP/USD is moving above and below the big psychological $0.3000, 

The price has not comfortable traded within the $0.3000 region since mid-August. 


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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Chainlink holds near three-year high fueled by EU tokenized securities partnership

Chainlink holds near three-year high fueled by EU tokenized securities partnership

Chainlink (LINK) price trades slightly down around $25.50 on Tuesday following a 33% rally that was spurred by its partnership with Frankfurt-based fintech 21X for Europe’s first tokenized securities trading and settlement system. 

More Chainlink News
Trending altcoins: Hedera, VeChain and Algorand extend rally by posting double-digit gains

Trending altcoins: Hedera, VeChain and Algorand extend rally by posting double-digit gains

Three trending altcoins – Hedera (HBAR), VeChain (VET), and Algorand (ALGO) – post double-digit gains on Tuesday after surging last week, benefiting from the recent consolidation of Bitcoin prices. 

More Cryptocurrencies News
Ondo Finance Price Forecast: ONDO reaches a new all-time high of $1.79

Ondo Finance Price Forecast: ONDO reaches a new all-time high of $1.79

Ondo Finance surges more than 11% on Tuesday and reaches a new all-time high of $1.79. ONDO’s daily trading volume reached a new yearly high of $994 million, suggesting a surge in traders’ interest and liquidity.

More Ondo News
XRP en route to new all-time high; key metrics to watch out for

XRP en route to new all-time high; key metrics to watch out for

Ripple whales have accumulated over $1.8 billion worth of XRP tokens amid a 200% rise in weekly active addresses. WisdomTree filed an S-1 registration with the SEC for an XRP ETF. XRP investors across several cohorts realized over $2.7 billion in profits in past three days following heavy Ripple token unlock.

More Ripple News
Bitcoin: A healthy correction

Bitcoin: A healthy correction

Bitcoin (BTC) experienced a 7% correction earlier in the week, dropping to $90,791 on Tuesday before recovering to $97,000 by Friday. On-chain data suggests a modest rebound in institutional demand, with holders buying the dip. A recent report indicates BTC remains undervalued, projecting a potential rally toward $146K. 

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP