Cryptocurrencies Price Prediction: Bitcoin, Ripple & Litecoin – European Wrap 11 June
|Bitcoin Market Update: FOMC decision inspired another BTC/USD growth attempt
BTC/USD made another attempt to break above $10,000 on late Wednesday and settled in a range $9,800-$9,900 during early Asian hours on Thursday. At the time of writing, BTC/USD is changing hands at $9.850 amid growing bearish pressure as on the intraday charts the price is reversing from the overbought territory. Despite the retreat, BTC/USD has gained nearly 1.5% since this time on Wednesday and moved above the former local resistance of $9,800 that now serves as a line of support.
Ripple Market Update: XRP/BTC breaks below critical support, more sell-off ahead
A prominent commodity trader and a long-standing XRP critic Peter Brandt believes that XRP is bound to crash agains BTC. In a recent tweet, he pointed out that Ripple Lab, the company behind the digital coin, destroyed the foundation that supported the coin against BTC.
Litecoin Market Analysis: LTC/USD finds support at $46.00 as Litecoin team releases major update
Litecoin (LTC) retreated from the intraday high at $46.97 and settled above $46.00 by press time; LTC/USD has stayed mostly unchanged on Thursday, and gained over 1% of its value, moving in sync with the market. Litecoin is the 7th largest digital asset with the current market value of $3.0 billion and an average daily trading volume of $2.0 billion.
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