Cryptocurrencies price prediction: Bitcoin Cash, Ethereum & Litecoin – European Wrap – 22 November
|Bitcoin price analysis: BCH/USD slides under $220 as fresh losses target $200
Bitcoin Cash price is not slowing down in its downtrend momentum following Thursday’s rejection at $250. In an earlier published analysis, BCH was holding ground above $225. However, increasing bearish pressure has continued to press down on the vital support levels. Already $220 has caved in and BCH tanked lower towards the short term support at $210.
Ethereum price analysis: ETH/USD unfazed by the double-bottom pattern, targets $150
The bearish wave across the crypto landscape on Thursday forced Ethereum through several vital levels. The consolidation above $170 became untenable with the jabs from the sellers increasing in intensity. Ether dived under $160 and extended towards $150. However, the price appears to be making a pit stop breather following the November low at $153.89.
Litecoin (LTC) price analysis: LTC/USD recovers above $50.00, as Binance DEX adds LTC support
Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $3.2 billion, has been consolidating losses during early Asian hours. LTC/USD bottomed at $48.29 on Thursday and recovered to $50.15 by press time.
Binance added LTC support to its DEX platform, however, the market is slow to react to the news.
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.