Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 16 January


Bitcoin Price Analysis: BTC/USD daily candle presents a risk of reversal

Bitcoin price is trading in the red, down some 1.45% in the second half of the session. 

BTC/USD daily candle of Wednesday has formed a Doji, indicating a potential reversal.

The next major barrier of support is eyed down at the $8500 price mark. 

Ethereum Price Analysis: ETH/USD vulnerabilities given bearish daily candle

Ethereum price is trading in the red by -0.80% in the session on Thursday. 

The daily candle on Wednesday produces a doji candlestick to indicate a potential reversal. 

In terms next major zone of support, this is seen from a range of $160-150. 

Litecoin Price Analysis: LTC/USD bulls lose control with $55-50 critical support eyed

Litecoin price is trading in negative territory by some 3.50% in the session on Thursday. 

LTC/USD have lost momentum for now, as price retreats to critical demand zone. 

The price is running towards its second consecutive session in the red. 

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Bitcoin breaking out of big bearish pennant

BTC/USD is currently trading at $8,650 (-1.50%) in the afternoon in U.S. hours, price action breaking out to the downside. ETH/USD is currently trading at $167.95 (+0.10%), as the price continues to move within consolidation mode. 

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Litecoin Market Overview: LTC/USD range tightens pre-breakout

Litecoin, just like many other cryptocurrencies is dealing with a sell-off that started earlier this week. The rally on Sunday last week reclaimed support above $60. However, the momentum ran out of steam short ...

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IOTA/USD deals with a devastating 6% plunge

IOTA has been dealing with choppy markets the entire week. Consolidation commenced following the failure to break the resistance at $0.255. The resistance has been impenetrable even though it has been tested on several accounts. 

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Bitcoin Gold Price Analysis: BTG/USD falls below the $10.50 level

BTG/USD is on course of charting a third straight bearish day. So far this Thursday, BTG/USD fell from $10.75 to $10.37, falling below the $10.50 level, in the process. This three-day downward spiral got triggered ...

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Bitcoin Weekly Forecast: Bulls piggy-back on altcoins rally

This week was marked by a strong altcoins rally on the cryptocurrency markets. Bitcoin SV (BSV) and Dash experienced the sharpest price increase over 100% in recent seven days...

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