Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin – American Wrap 29 April


Bitcoin shooting higher gaining double-digits

The Bitcoin bulls are further extending to the north in the latter stages of the day, now holding chunky double-digits gains of some 12% at the time of writing. Momentum really picked up pace as the price shot through the $8400-500 price range.

BTC/USD is now trading up at the highest levels seen in some three weeks. The price has been running higher for some nine sessions now, gaining pace to the north, as key barriers are broken; $7000, $7500, $8000 and now $8500.

Ethereum Price Analysis: ETH/USD bullish momentum is growing following reclaim of $200

Following the move back above $200, there will be room for a fast return back up to $250, the next major upside barrier and then $280. It is also worth noting the bulls were able to break down a descending trend line, which had been in play since 15 February. 

Litecoin Price Analysis: LTC/USD bull flag breach attractive greater buying confidence

Litecoin price is trading in positive territory by 3.35 % in the session on Wednesday. LTC/USD can see another strong wave of buyers once April highs are broken. The next major barrier to the upside should be noted at $47.50, $50 and then $62. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

BTC sandwiched between strong resistance and support levels

Investment management firm Grayscale has recently resumed its acquisition of Bitcoin. Grayscale investment firm has bought 17,100 Bitcoin in the past week. BTC faces a strong resistance level at $10,800, as per the daily ...

More Bitcoin News

VeChain Technical Analysis: VET upside capped at $0.015

The 4-hour VET/USD has broken above the downward trending line and the 100-day Simple Moving Average (SMA 100). In the process, the TD sequential has flashed a buy signal. The MACD has reversed from bearish to bullish ...

More VeChain news

Zcash Price Forecast: ZEC on the cusp of ultimate liftoff $85

Zcash, a privacy-oriented digital asset, has continued to slice through crucial support levels since it traded above $100 in the first week of August. The price has been maintained within the confines of a parallel descending channel. 

More Zcash news

Reddit users should hurry up if they want to cash out MOON tokens, price is falling

Reddit's crypto community has worked out a way to sell its native token MOON for cash. The coin that was initially hosted on an Ethereum testnet and intended for internal use only is now converted to a mainnet currency and traded on DeFi-protocols.

More News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast

BTC

ETH

XRP