Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin – European Wrap – 3 January
|Bitcoin jumps amid US-Iran tensions escalation - safe-haven narrative or coincidence?
Bitcoin retreated to the support area at $6,800 during early Asian hours on Friday; however, the sell-off proved to be short-lived as the first cryptocurrency performed a U-turn and regained the ground in a matter of hours. Notably, after a short period of range-bound trading around $7,200. BTC/USD resumed the recovery and surpassed the $7,300 barrier. At the time of writing, BTC/USD is changing hands at $7,360. The further upside is limited by SMA50 (Simple Moving Average) daily on approach to $7,400.
Ethereum Price Analysis: ETH/USD regains ground, $130.00 still unconquered
Ethereum tested 125.00 during early Asian hours but managed to recover above 129.00 by press time. The second-largest digital asset with the current market value of $14.1 has stayed unchanged on a day-to-day basis and gained nearly 2% since the beginning of Friday amid the recovery across the cryptocurrency markets.
Litecoin price analysis: LTC/USD follows the trend
Litecoin Foundation has started working in the implementation of Mimblewimble extension blocks to enhance the privacy of the sixth-largest digital asset. The new feature was announced by Littecoin's creator nearly a year ago, but the development started only in December 2019.
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.