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Cryptocurrencies Price Prediction: Binance Coin, Litecoin & Chainlink – American Wrap 12 October

Cryptocurrencies Price Prediction: Binance Coin, Litecoin & Chainlink – American Wrap 12 October
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Binance Coin Price Prediction: BNB ready to smash through the yearly high at $33

BNB is currently trading at $30.54 after a bullish breakout, gaining $400 million in market capitalization. The digital asset is on the verge of surpassing BCH at $4.4 billion in total, ranked 5th as only $20 million separate both cryptocurrencies. Binance, the exchange behind the coin, saw record-high numbers when it comes to derivatives volume, surpassing Huobi and OKEx, and becoming the leader.

Litecoin Price Prediction: LTC shows severe signs of a potential reversal

Litecoin had an excellent recovery from the low at $41.64 formed on September 21. The digital asset climbed 23% towards $51 and now faces strong resistance ahead. Over the past week, LTC has seen a notable increase in market capitalization from $3 billion to a peak of $3.35 billion on October 11.

Chainlink Price Forecast: LINK must break through this resistance for the ultimate rally to $13

Chainlink recently embarked on its upward trend following a period of continued downward price action. Support established at $7.2 assisted buyers to regain balance and control of the price. A reversal from the first week of October has seen the decentralized oracle token step above several key levels like $9, $10 and $11. In the meantime, LINK/USD is doddering slightly above $11 amid a developing bullish momentum.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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XRP consolidates above key support as exchange reserves rise

XRP consolidates above key support as exchange reserves rise

Ripple (XRP) trades elevated above $1.52 on Tuesday despite experiencing a minor correction from the previous day’s high of $1.57. XRP framed the uptrend last week, rising alongside the broader bullish cryptocurrency market.

Crypto Today: Bitcoin, Ethereum, XRP rally slows amid rising ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP rally slows amid rising ETF inflows

The cryptocurrency market remains elevated on Tuesday, with Bitcoin trading around $85,798, nearly 49% above the year low of $57,756. Ethereum and Ripple trade within a robust bullish outlook above $2,700 and $1.51, respectively.

Pi Network pulls back despite Protocol v27 completing final testnet step

Pi Network pulls back despite Protocol v27 completing final testnet step

Pi Network is trading in the red on Tuesday, retreating from the day’s high of $0.0947 and risking a steeper correction. The upcoming protocol v27 completes its final step on the testnet, after which the smart contract feature will roll out to the mainnet.

Bitcoin pauses rally as profit-taking reaches yearly high

Bitcoin pauses rally as profit-taking reaches yearly high

Bitcoin pulls back, trading below $85,500 on Tuesday after surging 6.7% and reaching $87,395 the previous day. US-listed spot Bitcoin ETFs recorded nearly $1 billion in inflows on Monday, while Strategy added 950 BTC to its treasury holdings.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.