Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin - Asian Wrap 08 Nov
|Bitcoin price analysis: BTC/USD finds support at the SMA 200 curve
The BTC/USD daily chart is trending in a narrow $400 range between $9,550 and $9,150. Bitcoin managed to chart two bearish days in a row. So far today, BTC/USD fell from $9,203 to $9,182.
Ripple technical analysis: XRP/USD drops below the upward channel formation
XRP/USD went down from $0.2905 to $0.289 so far this Friday. After dropping below the $0.30-zone and the upward channel formation this Thursday, the bears have remained in control. The Moving Average Convergence/Divergence (MACD) indicates sustained bearish sentiment.
Litecoin price analysis: LTC/USD re-embarks on another mission targeting $70
Litecoin has in the last few days defiantly stayed above $60. The immediate upside is also acutely limited at $64. On the downside, several support areas have been instrumental including the ascending trendline, the 50 Simple Moving Average (SMA) on the 4-hour chart and the 100 SMA at $58.
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.