Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin – European Wrap – 15 January


Bitcoin Price Prediction: BTC/USD retreat could be necessary for recovery to $9,000 - Confluence Detector

Bitcoin went crazily bullish for almost two days this week. The surge saw Bitcoin price rise to levels not reached since last November. For now, BTC/USD is dancing at $8,615 after losing 2.26% of its value on Wednesday.

The confluence tool places the initial hurdle at $8,652. This zone is home to a cluster of key indicators, including the Bollinger Band daily upper, previous high 15-minutes, SMA five 15-mins, SMA ten 15-mins and the Bollinger Band 15-mins middle. The indicators converge to form the most prominent resistance. Therefore, if broken, Bitcoin could easily tackle the medium strong resistance at $8,742 in readiness for a fly past $9,000.

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Ripple Price Analysis: XRP/USD capitalizes on the global cryptocurrency bulls' run

Ripple's XRP, now the 3d largest digital asset with the current market value of $10.1 billion has gained over 7% in recent 24 hours. The coin touched the highest level of 2020 at $0.244 on Tuesday and retreated to $0.2323 by the time of writing. The coin has been moving in sync with the global cryptocurrency market, driven by a strong wave of bullish sentiments. 


Ripple

Litecoin Price Analysis: What are the odds of LTC/USD smashing above $60?

Litecoin, alongside, most of the cryptocurrencies in the space is dealing with increasing selling pressure. The selling activity appears to be a reflex action after the cryptos surged above key resistance zones to post new 2020 highs. Litecoin, for example, has grown significantly from the levels at the beginning of August under $40 to brush shoulders with the resistance at $60.

 

Litecoin

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Strong resistance stack prevent BTC/USD from breaking past $8,600

BTC/USD fell from $8,665 to $8,584 so far this Thursday. The bears are in control of the market for the second straight day, as they were able to drop the price of the asset from $8,725 to $8,665 this Wednesday.

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Litecoin Market Overview: LTC/USD range tightens pre-breakout

Litecoin, just like many other cryptocurrencies is dealing with a sell-off that started earlier this week. The rally on Sunday last week reclaimed support above $60. However, the momentum ran out of steam short ...

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IOTA/USD deals with a devastating 6% plunge

IOTA has been dealing with choppy markets the entire week. Consolidation commenced following the failure to break the resistance at $0.255. The resistance has been impenetrable even though it has been tested on several accounts. 

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Bitcoin Gold Price Analysis: BTG/USD falls below the $10.50 level

BTG/USD is on course of charting a third straight bearish day. So far this Thursday, BTG/USD fell from $10.75 to $10.37, falling below the $10.50 level, in the process. This three-day downward spiral got triggered ...

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Bitcoin Weekly Forecast: Bulls piggy-back on altcoins rally

This week was marked by a strong altcoins rally on the cryptocurrency markets. Bitcoin SV (BSV) and Dash experienced the sharpest price increase over 100% in recent seven days...

Read the weekly forecast

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