Cryptocurrencies Price Prediction: Litecoin, Ethereum & Ripple – European Wrap 7 May

FXStreet Team FXStreet

Litecoin Price Analysis: LTC/USD commences consolidation

Litecoin price is among the most improved cryptoassets in the market on Thursday and during the European session. The crypto features a 2% gain on the day after advancing from an opening value of $45.01 to $45.90 (market value). Litecoin is trailing other cryptocurrencies such as Ethereum at 3%, IOTA at 2.69% and EOS at 2.19%. On the other hand, Bitcoin stepped above $9,300 from $9,158 (opening value).

ETH/USD: Ethereal Summit may inspire short-term ETH gains

Ethereal Summit, a virtual crypto conference devoted to the Ethereum project and cryptocurrency industry in general, will go live today, May 7 at 7:15 am EST. Everyone can register and participate in the event for free, via their computer of an internet-enabled device.

Ripple Price Analysis: XRP/USD recovery on the way, once it clears daily SMA200

XRP/USD has recovered from the intraday low of $0.2099 to trade at $0.2145 by press time. The coin has gained 1.3% since the beginning of Thursday, though it is still 2.5% lower from this time on Wednesday. Ripple’s XRP has been moving in sync with the market, influenced by general sentiments and technical factors. Now it is the third-largest digital coin with the current market value of $9.4 billion and an average daily trading volume of $2.2 billion.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Solana Price Forecast: SOL consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana (SOL) price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face pressure near key technical barriers

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday after correcting slightly in the previous week. The top three cryptocurrencies by market capitalization could face increased downside risk as bearish momentum builds across key indicators.

Top Crypto Losers: DASH, SPX, PENGU – Privacy and meme coins lose ground

Altcoins, including Dash (DASH), SPX6900 (SPX), and Pudgy Penguins (PENGU), are leading losses as the broader cryptocurrency market remains cautious ahead of the macroeconomic data releases, such as the US Nonfarm payroll report, CPI data, and the Bank of Japan’s rate-hike decision.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

Legal Text

Markets move fast. We move first.

Editor's Picks