Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 01 April
|Bitcoin Price Analysis: Bearish technical signals point to a test of the 6K area
Bitcoin is looking bearish on Wednesday as the price moved 3% lower after rejecting higher levels. The market bounced off the blue trendline and pushed through the 55 and 200 hourly moving averages. This all points to a very bearish picture on the intraday timeframes. The RSI has also dipped under the 50 mid-line to compound the misery but is in an oversold zone so there could be a short term bounce.
 (38)-637213621765447892-637213674053258285.png){kind=link}
Ethereum Price Analysis: ETH/USD is still at danger given bear flag
Ethereum price is trading in the red by 1.30% in the session on Wednesday.
ETH/USD trading conditions are very much narrow, as the price consolidates, risks remain tilted to the downside.
There is a lack of commitment being observed, given soft investor sentiment.
Litecoin Price Forecast: LTC/USD risks largely tilted to the south
Litecoin price is trading in negative territory by -3.10 % in the session on Wednesday.
LTC/USD moving in narrowing nature, upside limited to $40, support noted at $37.
A flag structure remains present via the daily chart view, risk of a breakout to the downside.
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.