Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin – European Wrap – 23 March
|Bitcoin Price Analysis: BTC/USD needs to reclaim $6,400 to avoid another major sell-off
BTC/USD climbed as high as $6,416 on Sunday; however, the upside momentum proved to be short-lived as the first digital coin swiftly dropped under $6,000 and settled at $5,800 by press time. BTC/USD has lost over 6% in recent 24 hours and stayed mostly unchanged on a day-to-day basis.
TRON Price Analysis: TRX/USD dangerously close to critical support of $0.0100.
TRX, now the 16th largest digital asset with the current market value of $704 million, has lost over 8% in the recent 24 hours amid the resumed sell-off on the global cryptocurrency market. The cryptocurrency of Justin Sun is changing hands at $0.0105 with neutral bias as the sell-off calmed down on approach to critical support levels.
Litecoin Price Analysis: LTC/USD pennant pattern hints return to $20
Litecoin price is struggling to hold above $35 on Monday during the European session. Due to the high volatility in the cryptocurrency market, up and down movements are numerous. Earlier, LTC/USD upside action hit a wall at $37.45. On the downside, an intraday low has been formed at $34.55. The price has advanced upward by 1.7% on the day despite the bearish trend and expanding volatility.
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.