Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Ethereum– European Wrap 19 June


Bitcoin Price Prediction: BTC/USD recovers from lows, still trapped - Bitcoin confluence

Bitcoin (BTC) has been moving inside the range with bearish bias since the start of Friday. The first digital asset touched the intraday low of $9,230 during early Asian hours, but recovered to $9,380 by press time. While the uspide momentum has resumed, BTC/USD is still locked in a tight range with the upper boundary at $9,550. A sustainable move above this barrier is needed for the recovery to gain traction.

BTC/USD

Litecoin Market Update: LTC/USD lethargic in a range, Litecoin releases an update

Litecpon (LTC) is moving inside in a tight range since the start of the week. The coin is trading at $43.47, mostly unchanged both since the start of the day and on a day-to-day basis, while the short-term sentiments are bearish. Litecoin is the seventh largest digital asset with the current market value of $2.8 billion and an average daily trading volume of $1.6 billion. 

 

LTC/USD

Ethereum Weekly Forecast: ETH 2.0 launch will be a pivotal moment for Ethereum

 The cryptocurrency landscape is not in the best shape on Friday. Both the Asian sessions and the European sessions have been characterized by increased selling activities, especially for the major currencies such as Bitcoin, Ethereum, and Ripple. Bitcoin is struggling with the support turned resistance at $9,300 while Ripple is focused on taking down the hurdle at $0.19 in a bid to regain balance heading towards $0.20.

ETH/USD weekly chart

 

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Dogecoin: DOGE on the verge of a 75% lift-off

Dogecoin price breaks out of a bull flag pattern after surging 20%. DOGE could surge 75% to $0.095 if it bounces from the 50% Fibonacci retracement level at $0.055. A bearish outcome could evolve if the price re-enters the “flag” and starts consolidation.

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Bitcoin price ready for another upswing as the Fed publishes new preconditions for a digital dollar

The Fed will be looking for stakeholder interest and buy-in to support the launch of a CBDC. The US is still a long way to develop a digital dollar because many structures are not yet in place.

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Solana: SOL could take a breather and pullback 30% after a 600% bull rally

SOL price has been on an uptrend since Jan 22 with only minor corrections. SOL was surprisingly unbothered during the market crash on Feb 22 and 23, as it dropped by a mere 13%.

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Ethereum: ETH building overhead pressure threatens losses to $1,200

Ethereum’s recovery stalls at $1,700, opening the door to the ongoing bearish pressure. The IOMAP reveals the presence of intense selling pressure ahead of Ether.

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Bitcoin Weekly Forecast: BTC journey to $100,000 might be easier than expected

This past week has been extremely beneficial for Bitcoin which jumped by 30% since Monday 8. Several positive announcements, especially Tesla purchasing $1.5 billion worth of the digital asset propelled the flagship cryptocurrency to new highs.

Read the weekly forecast

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