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Cryptocurrencies Price Prediction: Bitcoin, Litecoin and Ethereum – European Wrap 28 September

Cryptocurrencies Price Prediction: Bitcoin, Litecoin and Ethereum – European Wrap 28 September
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Patience is key until markets hit this level

Bitcoin price shows a steep sell-off over the last 24 hours that has undone the gains seen between September 21 and 24. This correction has caused Ethereum, Ripple and other altcoins to crumble as well. 

BTC/USD 8-hour chart

This best-case scenario for Litecoin price forecasts a 20% drop

Litecoin price action over the last few weeks paints a bearish picture, as discussed in our previous article. Since then, LTC has triggered a breakout and is likely to continue heading lower.

Ethereum Classic price

Ethereum price downside risks resurface amidst falling investor interest

Ethereum price is trading marginally above $1,300 after its bullish shoots were slashed at $1,400 on Tuesday. The presence of immense buyer congestion at $1,255 cut short the pullback that may very well have tagged $1,200. However, recovery to $2,000 could remain a pipe dream in the near term due to dwindling buyer interest.

ETHUSD price chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.