Cryptocurrencies price prediction: Bitcoin, Litecoin & Ripple - American Wrap - 21 October


BTC/USD technical analysis: Bulls stopped in their tracks just ahead of 8,350

The Bitcoin bulls seemed to be in control today as earlier on BTC/USD traded higher after rejecting lower levels on Sunday.

Now the psychological 8K level will come back into focus as the four-hour shooting star candle could indicate some further pain for Bitcoin.

It is interesting how the volume profile indicator (right-hand side) peak keeps acting like a price magnet. Although, in consolidation phases, this is often the case.

If BTC/USD makes a higher low and take out the 8,252 level it would be a bullish sign and that idea could still play out. 

Litecoin technical analysis: LTC/USD is stuck underneath bearish flag structure

Litecoin price is trading in the red in the session by some 1.10%. 

LTC/USD remains very much vulnerable to downside risks as it sits below the breached bear flag. 

Daily resistance should be noted at $55, where the lower acting trend line of flag is tracking. 

XRP/USD technical analysis: We are about to see if XRP has run out of momentum

XRP/USD has been one of the darlings of the crypto market over the last few weeks rising 9.42% since 24th September.

The 0.3000 resistance level is proving to be a tough nut to crack for the bulls and if the XRP/USD is to push higher it needs to break the psychological level,

The relative strength index (RSI) is showing signs of a momentum drop off as the price made high highs the indicator made lower highs. 

At the moment, on the four-hour chart, the candlesticks are showing signs of indecision as they are forming Doji candles. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300. A shall green candle on a weekly chart is a promising signal, though the market is still gripped with uncertainty at this stage. 

More Bitcoin News

XRP/USD drops below $0.2000 after a failure at $0.2030

XRP/USD tested the intraday high at $0.2031, but the strong resistance located around this area discouraged the short-term bulls and pushed XRP/USD below $0.2000 by press time.

More Ripple News

ETH/USD breaks out into the $220 zone, will it be $230 or $210 next?

Ethereum price followed in the footsteps of the largest cryptocurrency by market capitalization, Bitcoin. BTC sprung upwards and for the first time in seven days, stepped above $9,600.

More Ethereum News

EOS/USD slumps below 4-hour SMA200, focus on $2.54

EOS/USD attempted a recovery above 4-hour SMA200 (currently at $2.65) and touched the intraday high at $2.67. However, the upside momentum proved unsustainable as the price of the digital asset dropped to $2.62

More EOS News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300.

Read the weekly forecast

BTC

ETH

XRP