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Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin - Asian Wrap April 01

Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin - Asian Wrap April 01
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD suffers from lack of healthy support levels, falls below $6,400

BTC/USD has fallen from $6,423 to $6,305.25 in the early hours of Wednesday. The daily confluence detector shows a lack of healthy support levels, so the price is expected to drop even more. On the upside, strong resistance lies at $6,490, $6,510 and $6,530. $6,490 has the one-day Fibonacci 23.6% and one-week Fibonacci 38.2% retracement levels.

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Ripple Price Analysis: XRP/USD consolidates above the 50 SMA ahead of rally to $0.20

Ripple price is stable above $0.17 amid a cryptocurrency market that is beginning to turn bearish on Wednesday. Significant progress has been made this week from levels around $0.16. XRP/USD has eyes on $0.20 but buyers have to deal with the resistance at $0.1750 and $0.18 respectively.

Litecoin Price Analysis: LTC/USD drops after charting death cross pattern

LTC/USD has dropped from $39.18 to $38.75 and is barely floating above the SMA 20 curve. This followed a slightly bullish Tuesday where the price went up from $39 to $39.18. The SMA 200 has crossed over the SMA 50 to chart the heavily bearish death cross pattern.

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