Cryptocurrencies Price Prediction: Bitcoin, Litecoin & EOS – European Wrap 16 April

Bitcoin Price Analysis: BTC/USD toughest hurdles lie at $6,703 and $6,816 – Confluence Detector

The cryptocurrency market space is starting to turn bullish in the course of the European session after the bears dominated the Asian session. The drab action follows a recovery from the week’s low at $6,466 (also intraday low). The fall to this level occurred after buyers failed to sustain gains above $6,900 let alone break the critical resistance at $7,000.



Litecoin Price Analysis: LTC jumps above $43.00 as rising tide lift all boats

Litecoin (LTC) hit the intraday high at $43.75 amid strong recovery across the cryptocurrency market. The coin has retreated to $42.65 by press time; however, despite the retreat, it is still 9% higher from the start of the day. Litecoin is the 7th largest digital asset with the current market value of $2.7 billion and an average daily trading volume of $4.6 billion.


EOS Price Analysis: EOS/USD soars over 10% targeting $3.0


The cryptocurrency market has been treated to volatility during the European session on Thursday. The Asian session earlier in the day was mostly bearish as sellers extended their action from the American session on Wednesday. EOS, after being rejected from $2.80 failed to find support at $2.40. However, a weekly low formed at $2.30 kept the selling pressure at bay in readiness for the ongoing bullish momentum.


EOS/USD price chart

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ETH eyes $3,000 as network activity explodes and scarcity grows

Ethereum has finally hit a clear new all-time high across all exchanges, and it’s currently under a healthy consolidation period. Over the past week, Ethereum’s dominance over the market increased from 13% to 17%, while Bitcoin lost close to five percentage points. 

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Ripple is South Korea’s most popular cryptocurrency, but price stays pressured

XRP/USD bounces off intraday low of 0.2647, stays below 21-day SMA for fifth day. As per the latest report from Messari, Bitcoin and Ripple are the most popular cryptocurrencies in South Korea. The research relies on the data from Bithumb, Corbit and Coinone for the fiscal year 2019.

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XLM Price Forecast: Stellar primed for a 10% short-term upswing amid massive network expansion

Stellar had tremendous success in 2021, reaching a high of $0.411 after a massive 230% price explosion. The digital asset has outperformed several other coins, including Bitcoin, and could be poised to rise even higher amid positive metrics shown by the Stellar Development Foundation (SDF).

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BTC rally back to $40,000 in jeopardy as Grayscale’s demand diminishes

Bitcoin is trading slightly above $33,000 after plunging from January’s peak near $42,000. Investors, speculators, and analysts believe that the pioneer cryptocurrency can hit price levels beyond $40,000. 

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Bitcoin Weekly Forecast: BTC is on track to $100,000 despite the recent correction

After hitting a new all-time high of $41,950, Bitcoin had a major 31% correction down to $28,850. For the most part, this pullback is considered healthy as past price action indicates it’s normal for the flagship cryptocurrency to experience 30-40% corrections during a bull rally.

Read the weekly forecast