Cryptocurrencies Price Prediction: Litecoin, Polkadot & Elrond — Asian Wrap 16 Apr
|Litecoin Price Prediction: LTC marches toward new all-time highs
Litecoin price has been the beneficiary of the broader strength in the cryptocurrency complex. Still, the robustness of volume shows a belief in the underlying LTC fundamentals and its future. However, upside may be limited in the short term as the rally consolidates around the confluence of the measured move target and the 61.8% retracement of the 2017-2018 bear market before capitalizing on the conviction for a new all-time high.
Polkadot price readies for a new rally as speculators take time to grab a fresh PINT
Polkadot price is trading in a tight weekly range and may close with a second consecutive inside week. The current outlook projects that the last two weeks’ price compression will release to the upside and carry DOT to the 261.8% Fibonacci extension at $70.06.
Elrond price in an optimal pattern as new MPAD token announced
Elrond price eclipsed the February high, the 161.8% Fibonacci extension of the 2019-2020 bear market, and tagged the ascending triangle measured move target in the last couple of weeks. The current pattern illustration on the intra-day charts appears to be a pennant, projecting a renewal of the rally triggered on April 2.
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.