Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin – European Wrap – 3 November


Bitcoin Price Analysis: BTC/USD stuck at $7,300 amid uncertainty

Bitcoin has lost over 20% of its value in recent month. However, it is still 98% higher from January 2019, which means that those who bought Bitcoin in the beginning of the year are still in the money. At the time of writing, BTC/USD is changing hands at $$7,250, locked in a tight range for the last two days. 

 

Ripple price prediction XRP/USD vulnerable to losses below $0.22 – Confluence Detector

Ripple’s XRP is hovering around $0.22 handle during early European hours, locked in a tight range.  The third-largest digital coin has lost 1.2% on a day-to-day basis and stayed unchanged since the beginning of Tuesday.

Ripple’s XRP confluence levels 

Looking technically, XRP is vulnerable to further losses if the bears manage to engineer a sustainable sell-off below $0.2200 handle. This development will worsen the short-term picture for the coin and attract new speculative sellers to thee market. Currently, there are several important levels clustered both above and below the price. Let’s have a closer look at them.fxsoriginal

Litecoin market overview: LTC/USD descending channel limits recovery

The cryptocurrency market is turning red once again on Tuesday. The price action has been mostly drab with little progress on the upside. Litecoin is trading lower a subtle 0.15% on the day. The crypto correction to highs of $46.26 after opening the session at $45.63. The loss of momentum has seen the price adjust to the current market value at $45.57.

 

Litecoin

 

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Looking for the best path to the Moon

The fight for dominance in the crypto market is at a new turning point. Yesterday at mid-morning, Ethereum showed intentions to move higher. A significant breakout of the long-term downtrend in the ETH/BTC pair can confirm the plans of Ethereum.

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XRP/USD trapped in a range, the range narrows

XRP/USD has stalled in a tight range limited by $0.1700 on the downside and $0.1800 on the upside. The coin  has stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday.

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ETH/USD retreats below 1-hour SMA200, more pain ahead

ETH/USD is changing hands at $228.60. The coin has lost over 1% since the start of the day and gained 1.4% on a day-to-day basis. Ethereum is the second-largest digital asset has the current market value of $25.6 billion and an average daily trading volume of $6.5 billion.

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LTC/USD to continue hibernating in a range

Litecoin is the seventh largest digital asset with the current market value of $2.7 billion and an average daily trading volume of $1.15 billion. The coin is locked in a tight range below $42.00.

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Bitcoin Weekly Forecast: US stocks and Bitcoin options to define Bitcoin's future

Bitcoin bottomed at $8,899 on Thursday, June 25, and recovered to $9,200 by the time of writing. While the pivotal $9,000 remains unbroken, the coin has been oscillating in a tight range for about two weeks now.

Read the weekly forecast

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