Cryptocurrencies price prediction: Bitcoin, Ethereum, Litecoin - American Wrap - 11 September


Bitcoin price prediction: BTC/USD take pains to stay above $10,000

Bitcoin (BTC) has been hovering around $10,000 handle on Wednesday. Several attempts to take the price lower failed as buyers popped in each time the price touched the area below the critical support. BT/USD stays unchanged both on a day-on-day basis and since the beginning of the day.

There are quite a number of technical levels above the current price, which means that Bitcoin is vulnerable to new losses. The downside looks like a path of least resistance at this stage; however, lack of follow-through on the way down may discourage bears. 

ETH/USD technical analysis: Ethereum finds support

On the hourly ETH/USD chart below price bounced off the 173.78 support zone as bulls stopped the pair breaking through an important area.

The volume histogram at the bottom of the chart shows 9.43K worth of volume coming in to save Ethereum from moving lower.

The chart is still showing signs of weakness as the flag pattern shows multiple lower highs and lower lows.

A break above 182.00 could change that pattern and the RSI trendline could also break higher to show an improving outlook.

Litecoin technical analysis: LTC/USD dangerous bearish flag structure subject to a potential breakout

Litecoin price on Thursday is trading in negative territory by 2.25% in the second half of the session. 

LTC/USD price action via the daily chart view is moving within a bearish flag pattern formation. 

The price is moving within a narrowing range-block formation via the near-term view. 

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Top 3 price prediction Bitcoin, Ripple, Ethereum: Cryptos seeing multiple launches into the universe

The BTC/USD pair is currently trading at the $10.187 price level, the same price level as in recent weeks. The most serious difficulty for Bitcoin is the low volatility, after many days in the same price range, strength and speed indicators are at minimum levels. It will not be easy to start again.

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Litecoin price analysis: LTC/USD bullish frenzy is unstoppable

Litecoin like other major altcoins has been performing relatively well since the beginning of the week. The bullish action continued on Wednesday with Litecoin rising to an intraday high of $76.2644. 

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NEO price analysis: NEO/USD retreats from intraday high, upside momentum recedes

NEO is performing strongly on Wednesday. The 20th largest digital asset with the current market value of $69 million gained over 7% both on a day-on-day basis and moved nearly 3% higher since the beginning of the day.  At the time of writing, NEO/USD is changing hands at $9.80, off the intraday high of $9.87. 

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TRON market update: TRX/USD tests DMA50 for the first time since July

TRON (TRX) is one of the best performing coins on Wednesday. TRX/USD has gained over 10% of its value to trade at $0.0178 by press time. While the coin has retreated from the intraday high ($0.0178), the upside momentum is still strong as TRX is moving in sync with the rest of the market. 

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Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

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