Cryptocurrencies price prediction: Bitcoin, Ethereum, Litecoin - American Wrap - 19 September


Bitcoin breaks above 10k again but it could be a technical test

The BTC/USD price has come back on the hourly chart on pretty thin volume but it is still building.

It was a pretty convincing break at 4 am London time last night. 

The value area on the chart stands at 10,299.00 and there is the potential that price could come all the way back there.

The base case scenario is a test of the formation and a move back to lower level.

ETH/USD technical analysis: Ethereum outperforms after rejecting lower prices again

Ethereum is on an 8-day winning streak if it closes in the green today. Yesterday the shooting star pattern formed yesterday failed to materialize after lower prices were rejected earlier on.

Price is now headed to the current mean value area for this distribution and there is the potential that there could be a rejection.

The good point is that the volume is still high and the bulls could carry the price past the next resistance.

Litecoin price analysis: LTC/USD retreats back within the short-term channel

Litecoin has retraced from Wednesday's high of $79.15 to trade at $74.37 by the time of writing. The fifth-largest coin with the current market value of $4.7 billion has lost nearly 2% of its value in recent 24 hours and decreased by 4.5% since the beginning of the day. 

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BTC/USD gearing up for another attempt to crack $10,000 as active addresses keep growing

Bitcoin is holding surprisingly well after the flash crash on June 2. Bulls keep defending the daily 12-EMA while Bitcoin slowly climbs higher. BTC/USD is trading at $9,660 at the time of writing, looking at the $9,887 resistance level.

More Bitcoin News

XRP/USD clutches above $0.20, is holdling an effective XRP strategy?

Ripple is currently in consolidation above $0.20. Therefore, there is not much that can be said in regard to this week’s price performance, except for the move that tested $0.2150 on Monday.

More Ripple News

ETH/USD may return to $220.00 before another strong rally

Ethereum tested $247.93 during early Asian hours and retreated to $247.70 by the time of writing.  The second-largest digital asset has gained about 1% of its value since the start of the day and stayed unchanged since the beginning of the day.

More Ethereum News

IOTA upgrades Hornet node software

IOTA has announced a major upgrade to its Hornet node software, which is the first performance upgrade in IOTA 1.5. the first in a series of planned protocol upgrades.

More IOTA News

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Bitcoin Weekly Forecast: BTC/USD needs to go down again before it goes up

After a head-spinning volatility at the beginning of the week, BTC/USD settled above $9,600 with minor gains on a week-on-week basis. A shall Doji candle on a weekly chart is an alarming signal that the bulls are exhausted by uncertainty and large price swings. 

Read the weekly forecast

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