Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin – European Wrap – 31 December


Bitcoin is not superior to gold - Peter Schiff

A famous gold bug Peter Schiff criticized Bitcoin for 48% collapse from 2019 high and compared the digital gold with the precious physical metal. According to the head of Euro Pacific Capital, gold has lost only 3% from the 2019 peak, while Bitcoin is down nearly 50%.

 

Ethereum may retest $130.00 ahead of hardfork

ETH/USD hit the low at $116.4 on December 18 Monday and managed to recover to $138.00 by December 29; however, the further recovery seems to be limited as the coin retreated below $132.00 by the time of writing.

Once $138.00 is out of the way, the price is likely to retest psychological $140.00. The critical resistance is created by the upper line of the daily Bollinger Band at $16.50 and SMA50 (Simple Moving Average) daily at $148.00.

Litecoin Price Analysis: LTC/USD directionless ahead of the New Year

Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $2.7 billion, has lost 3.5% in recent 24 hours.  At the time of writing, LTC/USD is changing hands at $42.20 amid low trading volumes.

Litecoin is moving in lockstep with the rest of the market, which makes it vulnerable overall bearish sentiments. The coin may continue the range-bound trading with the downside bias into the New Year.

 

 

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

Bitcoin adoption accelerates as coiling prices hint at explosive rally

Bitcoin price faces a stiff resistance wall that has prevented weak bullish momentum from passing through. As a result, a short-lived retracement has caused a majority of the market to follow suit despite BTC’s raging adoption and interest from institutions over the past week.

More Bitcoin News

VeChain upswing thwarted again as sell signals multiply

VeChain price shows an ambiguous outlook as it has set up a textbook uptrend with a series of higher highs and higher lows, but technical indicators hint at a downtrend.

More VeChain News

Judge reaffirms order SEC must produce documents on Bitcoin, Ether and XRP in Ripple case

Judge Sarah Netburn has restated that the Securities and Exchange Commission (SEC) must produce documents related to Bitcoin, Ether, and XRP amid the ongoing legal battle with Ripple Labs.

More Ripple News

Polkadot Price Prediction: DOT hints at minor retracement before resuming its rally

Polkadot price shows a slowdown in its bullish momentum that has resulted in sellers taking over. Now, a minor retracement could push DOT into a significant support barrier.

More Polkadot News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP