Cryptocurrencies price prediction: Bitcoin, EOS & Litecoin – European Wrap – 2 December
|Bitcoin Price Analysis: BTC/USD bears push the price below 61.8% Fibo
After an erratic recovery during the previous week, Bitcoin (BTC) smithed back into a selling mode. The coin topped at $7,868 and has been in retreat ever since. At the time of writing, BTC/USD is trading at $7,300, down 2% since the beginning of Monday. Notably, Bitcoin's market share stayed unchanged at 66.4%, which means that altcoins are also headed North, follow the lead of the first cryptocurrency.
EOS Price Analysis: EOS/USD quickly gravitates towards $2.6
The crypto market is still bearish on Monday despite the weekend being lethargic. EOS, alongside other major cryptocurrencies, pressed down against key support levels all weekend-long. From trading highs above $2.8, EOS dived, smashing through the next support at $2.7.
Litecoin (LTC) Price Analysis: LTC/USD bears set eyes on $45.00
Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $2.9 billion, has recovered from the Asian low of $45.25and recovered to $45.90 by the time of writing. The coin has lost 1.7% on a day-to-day basis and 3.6% since the beginning of Monday. While the coin managed to recover from the intraday low, the upside momentum has yet to gain traction.
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