Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Crypto – European Wrap 19 February

FXStreet Team FXStreet

Bitcoin Price Forecast: BTC volatility hits multi-month lows, raising concerns of liquidation cascades

Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 for two weeks. Defund exchange FTX repayments on Tuesday dipped Bitcoin towards its lower boundary of the consolidating range. A K33 report highlights volumes, yields, options premiums, and Exchange Traded Funds (ETF) flows have moved to areas not seen since before the US Presidential election in November, with volatility at multi-month lows and raising concerns of liquidation cascades.

Litecoin bulls target $170 mark as open interest reaches four-year high of $887 million

Litecoin (LTC) price extends its gains and recovers above the $135.00 level on Wednesday, rallying over 7% so far this week. LTC’s open interest hints at a continuation of the rally as it reaches the highest level since May 12, 2021, of $887 million. Senior ETF analyst at Bloomberg reports a 90% chance of approval for Litecoin Exchange Traded Funds (ETFs), further supporting LTC’s bullish outlook.

CZ says crypto wallets should replace exchanges for everyday use

Former Binance CEO CZ believes crypto wallets should be used for daily transactions, while exchanges should serve only professional traders and liquidity providers.

Former Binance CEO CZ believes that crypto wallets should be the primary tool for everyday blockchain transactions, while exchanges should mainly serve professional traders. He shared this view in a discussion with Trust Wallet CEO Eowyn Chen, highlighting how wallets are evolving beyond simple storage.

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Cardano holds steady as bulls intensify push for breakout

Cardano rises above the 50-day EMA resistance amid a risk-on mood across the crypto market. The MACD upholds positive divergence, increasing the potential for a 20% breakout to $0.505.

XRP poised for breakout as ETF inflows and bullish momentum align

Ripple is showing strength, trading at $2.36 at the time of writing on Tuesday. The cross-border remittance token has maintained a steady uptrend for six consecutive days, underscoring steady inflows into XRP spot Exchange Traded Funds.

Crypto Today: Bitcoin, Ethereum, XRP uptrend cools amid surging ETF inflows

Bitcoin is retracing toward support at $93,000 at the time of writing on Tuesday, after reaching a previous day’s high of $94,789. Ethereum and Ripple uptrend has cooled after several days of persistent gains, suggesting potential profit-taking.

Bitcoin holds above $93,000 as ETF inflows continue and Strategy boosts holdings

Bitcoin price trades around $93,000 at the time of writing on Tuesday, pausing near a key resistance zone after its recent advance. Institutional demand remains supportive, with US-listed spot ETFs recording their largest single-day inflow since early October.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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