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Cryptocurrencies price prediction: Bitcoin, Litecoin & Ethereum Classic - Asian Wrap 16 Oct

Cryptocurrencies price prediction: Bitcoin, Litecoin & Ethereum Classic - Asian Wrap 16 Oct
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price analysis: BTC/USD bear flag pattern heightens the risk for more declines

Bitcoin price is still suffering the effects of breaking the falling triangle support as observed on the daily chart. Besides, the descending trendline resistance continues to limit movement to the north.

Litecoin price analysis: LTC/USD keeps trending sluggishly in a constricted range

Following a bearish Tuesday, the bulls have taken control of the market. The price of LTC/USD fell from $57 to $54.65 yesterday and has since recovered to around $54.80. Over the last three weeks, LTC/USD is trending in a constricted range of $60 and $54.

Ethereum Classic forcefully breaking away from other cryptocurrencies

Ethereum Classic is all over a sudden breaking away from the rest of the top 30 cryptocurrencies. The digital asset has sprung up recording a 2% increase in value at the beginning of the European session.

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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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