Cryptocurrencies price prediction: Bitcoin, Litecoin & Ethereum - Asian Wrap 23 Oct
|Bitcoin price prediction: BTC/USD struggles to stay above $8,000
After a brief foray into the $8,200-zone, BTC/USD had a hugely bearish Tuesday, wherein the price fell from $8,215.70 to $8,030.50. Since then, the bulls have tried to recover the price this Wednesday as BTC/USD has slightly improved to $8,037.55.
Litecoin technical analysis: LTC/USD bullish and bearish short-term scenarios
The forming rectangle pattern suggests two scenarios for Litecoin's next move. A break above the pattern resistance at $60 will catapult towards $80 and $100 respectively. However, the break of the pattern support at $50 could see LTC/USD refresh levels around $230.
Ethereum price analysis: ETH/USD lacks the momentum needed to break above downward trending line
ETH/USD is on course of charting three bearish days in a row. This Tuesday, ETH/USD had dropped from $174.62 to $171.55 and has gone down further to $171.20 so far this Wednesday.
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