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Cryptocurrencies price prediction: Bitcoin, Litecoin, Ethereum - 28 August

Cryptocurrencies price prediction: Bitcoin, Litecoin, Ethereum - 28 August
FXStreet TeamFXStreet TeamFXStreet

Crypto sentiment crumbles - Bitcoin falls through 10K along with many other casualties

In a matter of minutes crypto prices crashed. There is currently a story doing the rounds that the French police stopped a bot dubbed a "crypto jacking virus". ETC/USD is currently the worst affected down just over 11%. USD 150 million worth of longs were also said to be liquidated at the BitMEX exchange.

Litecoin price analysis: LTC/USD could be punished if $70 breaks

The Litecoin price in the second half of the session on Wednesday is nursing steep losses of some 1.5%. A bear market remains, as the price struggles to regather upside momentum. 

Price action via the daily chart view is moving within a narrowing pennant structure. LTC/USD is consolidating following the harsh falling encountered, through much of August, having commenced late in June. 

Ethereum technical analysis: ETH/USD price behavior and formation suggests of another potential fall

Ethereum price is trading in negative territory, nursing losses of some 2.60% on Friday. ETH/USD is retesting a breached daily pennant structure, failing to push above at the time of writing. The psychological $200 mark is now proving to see sellers preventing the price push back above. 

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