Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 09 October


Bitcoin price analysis: BTC/USD daily closure above $8500 is critical for bulls

The Bitcoin price is trading up with gains of over 5% on Wednesday, as the bulls pick up momentum to the upside. It has been a couple weeks of narrow trading, which is subject to change given the recent strength.

BTC/USD had been moving within a tight range for over two weeks, the high at $8500, with the low down at $7700. It is the narrowest trading conditions seen since early September, as the price consolidates after a hard sell off between 23-26 September.

Ethereum technical analysis: ETH/USD outperforming its peers jumping 6%

Ethereum price is trading firmly in the green, up 6.00% the session on Tuesday.

ETH/USD is outperforming its peers, as the bulls extend north following a range breakout. 

Strong daily supply noted at $180, a breach has opened the door to another wave of upside. 

Litecoin technical analysis: LTC/USD bulls looking to break free from stubborn bearish trend

Litecoin price is trading in the green in the session by some 4.50%. 

LTC/USD bulls have broken out from a narrowing range-block formation, 

Price action is capped to the upside at $58 and supported the downside at $54, within tight conditions. 

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Bitcoin (BTC) bulls surrender $8,000, move towards $7,800

Bitcoin (BTC) bulls attempted a recovery but failed to hold the ground above $8,000. A strong sell-off during early Asian hours took the price below the pivotal handle towards the intraday low of $7,869.

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NEO price analysis: NEO/USD locked in a range amid growing bearish pressure

NEO, currently the 22nd largest coin with the total market value of $500 million, has gained about 1.2% in recent 24 hours to trade at $7.0 at the time of writing. Since the beginning of Friday, NEO/USD has lost 2.3%. 

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Ethereum price update: ETH/USD makes a quick return to $170

Ethereum bears are making a quick return to $170 after the bullish action staged on Thursday failed to successfully target $180 resistance level. It is likely that the crypto market will usher in the weekend sessions in losses. As for Ethereum, the price is teetering at $173.73 amid a strengthening bearish momentum.

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Litecoin market update: LTC/USD gazes into a bottomless pit

The cryptocurrency market suddenly turned bearish on Friday. Although the Asian session was characterized by intense pressure on support areas, most of the damage has been made during the current European session.

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Bitcoin Weekly Forecast: Nothing to crow about

Bitcoin (BTC) attempted a recovery above $8,400 and resumed the decline into the end of the week.

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