Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Ripple – Asian Wrap 10 Dec


What renowned chartists think about the short-term direction of Bitcoin price

Bitcoin price seems to be responding accordingly as many expert traders appear to have agreed to the downward market outlook to be expected in the short term. Of late, it is likely that market participants have become more risk-averse.

 

Litecoin Price Prediction: LTC buyers struggle to justify bounce off five-week-old support above 77.00

LTC/USD fails to extend the pullback from an eight-day low, marked on Wednesday, while recently easing to 77.45 during early Thursday. The crypto major dropped after breaking 21-day EMA for the first time in December. However, an upward sloping trend line from November 04, at 72.12 now, triggered the quote’s U-turn.

 

Ripple price defends critical support level and aims for $0.75 in the short-term

After a widespread market crash in the past 24 hours, pushing XRP from $0.58 to a low of $0.50, the digital asset has managed to recover forming a bullish candlestick on the daily chart and defending a critical support level.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: ETH sizes the spotlight as BTC and XRP contemplate retracement

The hype around Coinbase’s IPO was matched by Bitcoin and Ethereum, which surged to new all-time highs. On the other hand, Ripple price faced an abrupt stop as investors began booking profits.

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Stellar aims for new all-time highs if key support holds

Stellar has enjoyed an amazing rally since the beginning of 2021 and hit a yearly high at $0.69 on April 14. The digital asset must hold a crucial support level to continue with the uptrend and reach new highs.

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Cardano resets before the next leg up to new all-time highs

Cardano price faced exhaustion of bid orders as it hit the base of an ascending triangle at $1.48. A minor retracement to the immediate demand barrier at $1.34 seems likely. Shattering the resistance level at $1.48 forecasts a new all-time high for ADA.

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Algorand Price Prediction: ALGO vies for 85% advance upon the breach of its consolidation

Algorand price is traversing a bullish pennant, hinting at an 85% upswing to $2.83. A decisive close above $1.53 will signal a breach of the pennant’s upper trend line. ALGO will kick-start a new downtrend if it slices through the 50% Fibonacci retracement level at $1.03.

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Bitcoin Weekly Forecast: SEC commissioner cozies up to BTC ETF, on-chain metrics reset making way for volatile move

Bitcoin’s mainstream adoption has soared over the last couple of months, with institutions like Visa, Goldman Sachs, Morgan Stanley, and others dipping their toes in the BTC markets. Likewise, prices look primed to advance further despite the ongoing consolidation phase.

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