Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Ethereum – European Wrap 22 May


Bitcoin Price Analysis: BTC/USD glued to $9,000, amid lack of momentum

BTC/USD recovered above $9,000 to trade at $9,080 by the time of writing. The first digital coin experienced a massive sell-off below $9,000 on Thursday and hit the recent low at $8,800 where new buyers popped in and saved the game. Despite the recovery, BTC/USD is down nearly 4% on a day-to-day basis and mostly unchanged since the beginning of the day. 

 

Litecoin Price Analysis: LTC/USD stays bearish, ignores positive fundamentals

Litecoin's creator Charlie Lee shared his views on how the network would operate once MimbleWimble solution is rolled out. Speaking in the interview with Rice Crypto YouTube channel, he explained that the implementation process may be slow at the start as users won't be forced to move to the update. 


Ethereum Price Analysis: ETH/USD goes back above $200.00, upside gains traction

The second-largest digital asset recovered above critical $200.00 after a sharp sell-off to $191.49 on Thursday. The coin has regain 1.3% of its value since the beginning of the day and lost nearly 4% in the recent 24 hours. At the time of writing, the second-largest digital asset is trading at $203.20 with bearish bias.

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Bitcoin retreats from $9,300, Ethereum and Ripple stable

The cryptocurrency landscape is painted with one red brush as we usher in the European session. On Wednesday, there was a bullish wave that swept across the market but its effect was not significant enough to escape the trappings set by the bears.

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New sellers await XRP/USD on approach to $0.2000

XRP/USD has recovered from the intraday low of $0.1949 to trade at $0.1960 At the time of writing. The third-largest digital asset has been locked in a tight range for a couple of weeks with the upside limited by psychological $0.2000.

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ETH/USD volatility is about to explode

Ethereum (ETH) has been trading in a tight range since the start of the week. On Thursday, May 28, the second-largest digital asset by market value is changing hands at $206.50, down 1% since the start of the day. 

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Is this falling wedge pattern BTC/USD fastest ticket to $10,000?

Bitcoin bulls have strongly defended initial support at $9,150 after a rejection from highs close to $9,300. The price is dancing with $9,176 amid attempts to break the resistance at $9,200.

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Bitcoin Weekly Forecast: BTC bulls are nowhere to be seen

Bitcoin attempted a recovery towards $10,000 but ended up at $9,100. The first digital asset printed the second red candle on a weekly chart. It is an alarming signal for the long-term bull as BTC may be vulnerable to deeper losses.

Read the weekly forecast

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