TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies price prediction: Bitcoin, Litecoin & Ethereum Classic - Asian Wrap 24 Jan

Cryptocurrencies price prediction: Bitcoin, Litecoin & Ethereum Classic - Asian Wrap 24 Jan
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Prediction: Bears in full control of the market, lack of healthy support may see price drop even more

The bears are in control of the BTC/USD market for the third straight day. This Thursday, the price plummeted from $8,660 to $8,386.60. So far this Friday, the price has fallen further to $8,368.40. The daily confluence detector shows a lack of healthy support, so the price may drop even more.

fxsoriginal

Litecoin Price Analysis: LTC/USD dips below the green Ichimoku cloud

LTC/USD bears retained control of the market for a second straight day. This Thursday, the price dropped from $58.15 to $54.45. So far this Friday, the price has fallen further to $53.15 and dipped below the green Ichimoku cloud. The SMA 20 acts as immediate market support and is holding the price up.

Ethereum Price Analysis: ETH/USD balances at the edge of the $160 cliff

Cryptocurrencies have not managed to turn around the bearish wave this week. The last day of week’s trading is upon us but the market is thoroughly painted in red. Ethereum, for example, can barely hold above the support at $160. Besides, it is trading 1.31% lower on Friday after opening the Asian session at $162.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

XRP defends $1.30 support as Ripple partners with Arf to bring RLUSD settlement liquidity to XRPL

XRP defends $1.30 support as Ripple partners with Arf to bring RLUSD settlement liquidity to XRPL

Ripple holds near recently confirmed support at $1.30 on Friday, as bulls eye a short-term recovery toward $1.40. The remittance token’s upside remains capped by structural levels, suggesting recovery would depend on whether buyers can sustain momentum.

Bitcoin Weekly Forecast: BTC extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin Weekly Forecast: BTC extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot ETFs recording $442.67 million in net inflows through Thursday.

Crypto Today: Bitcoin holds the 50-day EMA as Ethereum and XRP face structural resistance

Crypto Today: Bitcoin holds the 50-day EMA as Ethereum and XRP face structural resistance

Bitcoin gradually ticks up on Friday, trading above $81,000. The Crypto King has recently defended structural support near $80,000, reinforcing the prevailing bullish outlook. Ethereum similarly edges higher above $2,400, while Ripple trades above $1.32 after testing support around $1.30.

Pi Network holds modest gains as mixed technicals curb upside

Pi Network holds modest gains as mixed technicals curb upside

Pi Network (PI) price is up 2% on Friday, showing signs of recovery while the broader cryptocurrency market faces near-term weakness. The crypto market sentiment eases to neutral from bullish amid rising long liquidations.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.