Cryptocurrencies price prediction: Bitcoin & Litecoin - European Wrap - 10 September


Bitcoin price prediction: BTC/USD stays unchanged amid low trading activity  - Bitcoin confluence

Bitcoin (BTC) has been range-bound with bearish bias after Monday sell-off from the upper boundary of the recent consolidation channel. The first digital asset dropped to $10,191 during Asian hours  but managed to recover above $10,200 ahead of European opening. At the time of writing BTC/USD is changing hands at $10,265. Notably, the coin’s market share settled at 69.7%.

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Litecoin price analysis: LTC/USD retreats from intraday high; retains bullish bias

Litecoin jumped to $73.23 during early Asian hours only to retreat to $71.04 by the time of writing. The fifth-largest digital asset with the current market value of $4.5 has gained nearly 4% in recent 24 hours and 2.5% since the beginning of the day as a sustainable move above $70.00 increased the upside pressure on the price.

 

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Bitcoin (BTC) in tactical retreat before another attempt to break above SMA200 daily

Bitcoin (BTC) bulls engineers a nice recovery off the recent lows; however, SMA200 (Simple Moving Average) on a daily chart remains unconquered so far. The price of the first digital currency made a weak attempt to move above this hurdle, but it seems to be a hard nut to crack for the bulls at this stage.

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Litecoin (LTC) price analysis: LTC/USD slides back inside an old range

Litecoin is changing hands at $56.63, down 2% since the beginning of the day and 1.5% on a day-on-day basis. The 6th largest digital asset with the current market value of $3.3 billion peaked at $60.12 on October 9 and has been moving down ever since. 

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TRON price analysis: TRX/USD moves within a long-term bearish trend

At the time of writing, TRX/USD is changing hands at $0.0160. The coin has gained over 15% in seven 24 days, however, the upside momentum started fading away after the price had hit $0.0175 high. 

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Ripple price analysis: XRP/USD races downwards fast

Many analysts believe that the recent breakout across the cryptocurrency market was more or less a bull trap. Their notion is currently being proved right as Ripple price forced its way against key support areas including $0.2750 and the 61.8% Fib retracement level.

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Bitcoin Weekly Forecast: BTC bulls trapped below SMA200 daily

Bitcoin bulls have had a short glimpse of victory only to suffer a bitter disappointment this week.

Read the weekly forecast

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