Cryptocurrencies Price Prediction: Ethereum, MicroStrategy & Litecoin – American Wrap 02 December


Ethereum Price Forecast: ETH could see a new all-time high as SEC may approve staking in ETH ETFs

Ethereum is down 2% on Monday after seeing a rejection near a key descending trendline resistance. However, ETH could rally to a new all-time high if it overcomes this resistance and sees an interest surge from the Securities & Exchange Commission (SEC) potentially approving staking within Ethereum exchange-traded funds (ETFs).

Ethereum Weekly Active Addresses

MicroStrategy, MARA add to their holdings amid Bitcoin's quest for new all-time high

MicroStrategy continued its aggressive Bitcoin purchase on Monday after it announced the acquisition of 15,400 BTC at an average purchasing price of $95,976 per token. As the firm continues to widen the gap as the highest corporate holder of Bitcoin, other companies have begun plans to copy MicroStrategy's playbook of launching strategic BTC reserves.

 

Litecoin Price Forecast: LTC hits $130 for first time in almost three years as open interest soars

Litecoin price grazed the $130 mark on Monday, propelled by improved sentiment around privacy-focused coins after a United States (US) court reversed sanctions placed on Tornado Cash. 
Will LTC price advance towards $150 in the week ahead? 


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

Litecoin Price Forecast: LTC hits $130 for first time in almost three years as open interest soars

Litecoin Price Forecast: LTC hits $130 for first time in almost three years as open interest soars

Litecoin price grazed the $130 mark on Monday, propelled by improved sentiment around privacy-focused coins after a United States (US) court reversed sanctions placed on Tornado Cash. 

More Litecoin News
Bitcoin: $100K breakout or drop to $90K ahead of Microsoft’s BTC investment vote?

Bitcoin: $100K breakout or drop to $90K ahead of Microsoft’s BTC investment vote?

Bitcoin price retraces to $95,000 on Monday after recovering from last week’s pullback. MicroStrategy co-founder Michael Saylor explained a strategic approach to Bitcoin on Sunday.

More Bitcoin News
Ripple surges to a six-year high just below $2.50

Ripple surges to a six-year high just below $2.50

Ripple (XRP) price extends its gains, trading above $2.40 at the time of writing on Monday after rallying more than 60% the previous week and surging almost four times in November. 

More Ripple News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates while ETH, XRP rallies

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC consolidates while ETH, XRP rallies

Bitcoin consolidated on Monday following its recovery from last week's pullback. At the same time, Ethereum and Ripple extended their rallies, driven by investors reallocating capital from BTC to altcoins, signaling the potential for continued upward momentum.

More Cryptocurrencies 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