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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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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple risks deeper decline toward $1.00

XRP clings to short-term support at $1.10, but persistent selling pressure leaves it vulnerable to a further 10% drop toward $1.00. XRP remains largely defined by a bearish technical structure, with major moving averages and momentum indicators edging lower.

Crypto Today: Bitcoin, Ethereum, XRP slide as capital outflows persist

The cryptocurrency market is experiencing broad-based declines on Tuesday, as Bitcoin retests support at $62,000, Ethereum extends losses toward $1,600, and Ripple remains anchored near the key $1.10 demand zone.

Bitcoin struggles amid renewed US-Iran peace uncertainty 

Bitcoin (BTC) trades below $63,000 at the time of writing on Tuesday as conflicting signals from the US and Iran regarding the progress of peace negotiations continue to fuel geopolitical uncertainty.

MiCA regulations could be the next bullish catalyst for crypto – Georg Harer, co-CEO at Bybit EU

The next bullish narrative for crypto could be MiCA regulations, which could drive liquidity from traditional markets, Bybit EU co-CEO Georg Harer says. Improved regulations could provide guardrails to avoid black swan events like Terra Luna and FTX, thereby limiting volatility.

Bitcoin: Recovery hopes fade after the Fed spoils the party
Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.