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Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 22 January

FXStreet Team FXStreet

Bitcoin Price Analysis: BTC/USD at risk of pull back to $8000

Bitcoin price is trading in minor positive, up some 1.10% in the second half of the session.

BTC/USD continues to consolidate underneath $9000 barrier and on top of critical support $8500.

The price range is narrowing which is likely to lead to an explosive breakout.

Ethereum Price Analysis: ETH/USD bulls need to break down $175 resistance

Ethereum price is trading in the red by 1.20% in the session on Wednesday.

The price range is seen at a high around $175 down to a low of $160.

Near-term price behaviour shows some vulnerabilities to the downside for ETH.

Litecoin Price Analysis: LTC/USD vulnerable of potential return to $45

Litecoin price is trading in positive territory by some 1.15% in the session on Wednesday.

LTC/USD is narrowing in terms of price action, $60 to the high, $56 to the low.

Should the bears force a breakdown of the range-block, LTC may be forced to retest the breached daily channel.

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FXStreet Team

FXStreet

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