Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin - Asian Wrap 20 Feb
|Bitcoin Price Prediction: Having dropped BTC/USD below $10,000, will the bears now aim for $9,500?
BTC/USD has fallen from $10,197.35 to $9,617 so far this Wednesday, going below the key $10,000 psychological level. The bears will now aim to take the price below the $9,500, but to do that, they will need to conquer the $9,585 support level, which has the Previous Month high.
Ripple Price Analysis: Ripple finds support at important Fibonacci level
All the major cryptocurrencies fell on Wednesday in the US session. The price of XRP/USD is down around 6% so far in the session. Support has been found on the trendline which confluences with the 50% Fibonacci retracement. Just below that level, the red support zone also matches a Fib level at the 61.8% retracement zone.
Litecoin Price Analysis: LTC/USD falls below SMA 20 following Wednesday’s bloodbath
LTC/USD fell from $77.40 to $70.72 this Wednesday as the bears took full control of the market. The buyers were able to bring back the price up to $71.15 in the early hours of Thursday. Following this Wednesday’s bloodbath, the price dropped below the SMA 20 curve and the downward channel formation.
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