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Cryptocurrencies Price Prediction: Cardano, Terra & Bitcoin – American Wrap 20 December

Cryptocurrencies Price Prediction: Cardano, Terra & Bitcoin – American Wrap 20 December
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto market in shambles as BTC consolidates

Bitcoin price is moving sideways, trapped between crucial weekly moving averages. This consolidation has had a positive knock-on effect on Ethereum price which is setting up a bullish pattern ready for a breakout. Ripple, on the other hand, has already embarked on a climb and is preparing for its second leg-up. 

Cardano price positions itself for a steep correction as ADA bulls disappear

Cardano price has set up four lower highs and four equal lows since December 7. Connecting these swing points using trend lines reveals a descending triangle setup in play. This technical formation forecasts a 17% downswing, obtained by adding the distance between the first swing high and swing low to the breakout point at $1.20. 

Terra's LUNA bound for profit-taking after hitting new all-time highs

Terra price embarked on a massive uptrend on December 13 that pushed it to new highs. While this ascent was impressive, the uptrend will likely see a reversal as market participants book profits. This development will likely push LUNA lower to stable support levels.

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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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XRP edges higher as bullish derivatives, EMA support underpin breakout prospects

XRP edges higher as bullish derivatives, EMA support underpin breakout prospects

Ripple (XRP) is grinding upward and getting closer to a short-term breakout above $1.40 on Tuesday. This uptick follows the remittance token's defense of support at $1.38, after a short-lived attempt to breach selling pressure at $1.50 last week.
Useless Price Forecast: USELESS poised for another breakout as Korea’s Upbit exchange announces listing

Useless Price Forecast: USELESS poised for another breakout as Korea’s Upbit exchange announces listing

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While investor demand for U.S.-listed spot Bitcoin exchange-traded funds (ETFs) has rebounded in recent weeks, net flows for the year remain firmly in the red. A spectacular August brought in a massive $3.52 billion in fresh capital, followed by a solid $770.15 million so far this month, according to data source SoSoValue.
Top Altcoins Price Forecast: Ripple, Cardano, Solana extend consolidation as bullish momentum fades

Top Altcoins Price Forecast: Ripple, Cardano, Solana extend consolidation as bullish momentum fades

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