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Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin - American Wrap - 11 December

FXStreet Team FXStreet

Bitcoin price analysis: BTC/USD $7000-6800 will be a big test

The Bitcoin price on Wednesday is trading in the red by some 0.80%, as some near-term selling momentum picks up pace in the second half of the session.

Market bears have resumed pressure to the downside, following a brief period of stabilization. The price has breached a bearish pennant structure via the daily view and is further extending to the downside.

Ripple Technical Analysis: XRP/USD finds support at the hourly trendline

Ripple has consolidated on the hourly chart after dropping from 0.2338 to 0.2197.

The market has made a few higher lows but now looks to be testing lower levels.

0.22 is the psychological support zone and if taken out, could indicate lower levels are on the cards.

Litecoin Technical Analysis: LTC/USD lower highs spells danger

Litecoin price is trading in the red in the session by some 1.20%.

LTC/USD has extended to the downside, after breaking out of a bearish pennant pattern, inviting another round of selling.

The price is running towards its third consecutive session in the red.

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FXStreet Team

FXStreet

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Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot ETFs recorded $1.35 billion in net outflows through Thursday.

XRP clings to $1 as long liquidations deepen bearish trend

Ripple trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday.