Cryptocurrencies price prediction: Bitcoin, Litecoin & Ripple - American Wrap - 08 October


BTC/USD technical analysis: Some important technical patterns are on the hourly chart

BTC/USD has clearly broken out on the upside from the channel formation.

Now the price has consolidated into a wedge formation and a break higher could be on the cards.

Price is under the main value area which is represented by the volume profile indicator on the right-hand side of the chart.

Litecoin technical analysis: LTC/USD bears regain control

Litecoin price is trading in the red in the session by some 1.50%. 

LTC/USD stuck within a narrowing range-block formation, subject to downside risks. 

Price action is capped to the upside at $58 and supported the downside at $54, within tight conditions. 

XRP price analysis: XRP/USD at risk of daily evening star

XRP price action is trading up some 0.45% late in the session on Tuesday, as the bullish momentum slows down somewhat. 

The price had been running higher for five consecutive sessions, as life returned back into the market bulls. XRP/USD was trading back at the highest levels seen in around two weeks.

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Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

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