Cryptocurrencies price prediction: Bitcoin, Ethereum, Litecoin - 14 June

FXStreet Team FXStreet

Bitcoin market overview: BTC/USD bull rally loading or bull trap?

The formation of a rising wedge pattern for BTC/USD trading pair suggests the largest crypto’s rally above $8,000 might not last long. At present, BTC is 9% higher from the weekend low slightly above $7,500. The same $7,500 support anchored Bitcoin declines on June 6.

Bitcoin revamped the short-term bullish picture with a formidable move past $8,100 On June 12. The successive trading sessions have been positive as well. Unfortunately, the trading volumes have remained almost not reactant and the rally is without substance. If anything Bitcoin volume on CoinMarketCap has declined 42% from the highs seen in May at $33 billion to the current $19 billion.

Ethereum purchases could soon launch on Amazon courtesy of two startups’ partnership

According to a press release on Friday, crypto payments firm, CLIC Technology is forming a partnership with a B2B platform Opporty that will see the development of a browser like an extension that will enable Amazon customers to pay for their online shopping using Ethereum. Such a platform would be a game changer as Amazon does not accept cryptocurrency as payment.

The two firms intend to achieve the goal using the Plasma Cask, a technology that was highlighted by Vital Buterin in March 2018. Opporty’s concept implementation is a payments solution that resembles Bitcoin’s Lightning Network “will bring a modern day cryptocurrency economy one step closer to becoming a reality.”

Litecoin market update: LTC/USD bulls rise from the ashes once again

LTC/USD revamps the uptrend following declines from the new 2019 high at $144.31. The price plunged below $130 level less than a day after zooming to the levels above $140. The $8.2 billion cryptocoin was among the biggest gainers on the crypto market yesterday.

In spite of the correction, Litecoin still trading above a key level (former resistance at $125). Support established at $125 today play a key role in the ongoing reversal above $130. The intraday charts show Litecoin among the crypto assets in the green. Generally, the market is in the red with major coins like Ripple trading below critical levels, for instance, $0.4.

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FXStreet Team

FXStreet

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.

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.