Cryptocurrencies price prediction: Bitcoin Cash, Ripple & Litecoin - 27 June

Bitcoin Cash market update: BCH/USD explores how deep the rabbit hole; heads towards $400

Bitcoin Cash has not been spared by the ongoing cryptocurrency butchering. This indeed one of the worst selloff since the recovery of the crypto market commenced in April 2019. Bitcoin Cash on en route to new 2019 highs after breaking the hurdle at $500 for the first time this year.

The bulls, riding on the push from Bitcoin (BTC) surge above $10,000 and recently above $13,000 propelled BCH/USD to new yearly highs around $517. The formation of a double-top pattern coupled with high volatility on the market sent Bitcoin Cash into a dire tailspin; one that was unable to find balance at the confluence created by the 50 Simple Moving Average (SMA) 1-h, 100 SMA 1-h and the 21 Exponential Moving Average around $480.

bitcon cash chart

Ripple price analysis: XRP/USD bulls licking wounds after a collapse under $0.4100

Ripple’s XRP dived below $0.4100 and touched $0.4078 on Thursday trading amid global downside correction on the cryptocurrency market. While the coin has recovered towards $0.4200 by the time of writing, it is still nearly 10% lower from this time on Wednesday. 

The XRP’s sell-off has been exacerbated by the news that hackers stole 9.3 million XRP coins from Singaporean cryptocurrency exchange Bitrue. 

ripple chart

Litecoin price analysis: LTC/USD caught in a bear’s trap, down 14%

Litecoin whirled in a wild bearish dance. The 5th largest cryptocurrency has lost over 14% of its value in a matter of hours and touched an intraday low of $111.26 amid the massive sell-off on the cryptocurrency market. 

At the time of writing, LTC/USD is changing hands at $114.25. The coin is strongly oversold on the intraday charts, which means that we may be in for some recovery. However, LTC bulls will need to push the coin back above $120.00 to mitigate the immediate downside pressure. The next resistance is created by SMA200 (Simple Moving Average) 4-hour chart at $123.00. It is followed by psychological $130.00.

litecoin chart

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Bitcoin Price Analysis: BTC/USD may hit $8,000 soon if SMA50 daily gives way

BTC/USD hit the intraday high at $7,460 and retreated to $7,270 by press time. Despite the downside correction, the coin is moving within a short-term upside trend amid low volatility.

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Ripple Price Analysis: XRP/USD breaks above $0.19, bulls aims for $0.20 next

XRP/USD bulls are well and truly in control as the price has risen from $0.1794 to $0.1955, going past crucial psychological levels at $0.18 and $0.19. To continue this upward momentum, the bulls must go ...

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Ethereum Price Analysis: ETH/USD skyrockets above $170.00, next target $200.00

ETH/USD jumped above $176.00 during early Asian hours as the bullish momentum increased after the coin broke above the psychological $150.00.

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EOS Price Analysis: EOS/USD bulls aim to take the price above $2.80

EOS/USD had a hugely Monday as the price jumped from $2.35 to $2.76. The price has increased a little more to $2.794 in the early hours of Tuesday. The bulls also managed to break past ...

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Bitcoin Weekly Forecast: BTC breaks its ties with stocks, strives to return its safe-haven status

Most part of the week Bitcoin has been on the recovery path. Slowly but surely the coin left $6,500 behind and even tested waters above $7,000.

Read the weekly forecast