Cryptocurrencies Price Prediction: Bitcoin Cash, Litecoin & Ripple – European Wrap 8 May

Bitcoin Cash reclaims $250 as a BCH-based DeFi startup raises $1 million in seed fund

Bitcoin Cash price advanced higher above $250 as BTC/USD surged above $10,000. The price action extended above towards $260 but hit a wall at $258 (intraday high). In the meantime, BCH/USD has adjusted lower to $250 as selling pressure makes a comeback. Generally, the entire cryptocurrency market is bearish during the European session.

BCH/USD price chart

Litecoin Price Analysis: LTC/USD falling within a descending channel

Litecoin price action continues to follow the confines of a descending channel after the recovery in the last week of April stalled under $50. The channel support remains instrumental in slowing down the selling pressure. Also vital to the buyers is the short-term support range; $44 - $45.


LTC/USD price chart

Ripple Price Analysis: XRP/USD stays in a range, fails to follow Bitcoin's recovery

XRP/USD has retreated from Thursday’s high of $0.2223 to trade at $0.2152 by press time. The coin has stayed mostly unchanged since this time on Thursday and lost about 1.5% since the beginning of Friday. Ripple’s XRP has been locked in a tight range since the start of the week, despite sharp Bitcoin’s recovery. Now it is the third-largest digital coin with a current market value of $9.5 billion and an average daily trading volume of $2.6 billion.



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.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: $9200 is the level to beat for the BTC bulls

Bitcoin (BTC/USD) has entered a phase of consolidation after reversing sharply from the late-Saturday spike to $9195.19 highs. The choppy trend is likely to extend until a fresh volatility wave hits the crypto space again. Markets await a strong catalyst to revive the near-term bullish momentum.

More Bitcoin News

Bitcoin Cash: Downside appears compelling amid bearish technical set up

BCH/USD is seeing aggressive selling over the last hour, after having witnessed a volatile session late Saturday. The coin is teasing an ascending triangle on the hourly chart. Hourly RSI has pierced 50.00 from above, more losses likely?

More Bitcoin Cash News

XRP/USD remains bearish while below 21-DMA

Ripple’s range trade extends into the seventh day on Saturday. The coin looks promising but above the 21-DMA barrier. RSI on the daily chart holds in the bearish territory. US traders are away, celebrating the Independence Day long weekend. 

More Ripple News

Top 3 Price Prediction BTC, ETH, XRP: Crypto bears return starting out a fresh week

Bears are back amid a fresh selling wave across the crypto board. Bitcoin eyes Thursday’s low amid lack of healthy supports. Ethereum breaches key support, paving way for extra declines. Ripple is ranging in a tight band around 0.1770 so far this Sunday. 

More Cryptocurrencies News


Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast