Cryptocurrencies Price Prediction: Cryptos, UniSwap & Litecoin – American Wrap 12 May

FXStreet Team FXStreet

Weekly roundup: LADYS and PEPE prices drop, AI tokens recover, Hydra mainnet release drives Cardano higher

Prices of main crypto assets dipped further this week, with Bitcoin and Ethereum close to two-month lows. In the meme coin space, Pepe the frog had a tough week as Milady Meme Coin took the center stage after Elon Musk tweeted about it.

Top 5 AI tokens by market capitalisation

Litecoin price has a weak spot that could implode with LTC diving 15%

Litecoin (LTC) price sees bulls trying to get back above the level they defaulted on last Monday and have been unable to reclaim all week. Often no means no, but in this case bulls have not yet understood the message and are still trying to break back above the 200-day Simple Moving Average after bears pierced through it. With lower highs, a squeeze is ongoing. Once broken, however, the road is open for bears to head 15% lower.

Uniswap price action tells traders it is time to say goodbye to $5 handle as more downside pressure underway

Uniswap (UNI) price is the sum of everything that is going on in altcoins and cryptocurrencies. First and foremost, the element that Bitcoin is slipping further and has no outlook of getting back above $30,000 anytime soon is weighing on the overall performance of most common cryptocurrencies and altcoins. Add to that the almighty US Dollar that is roaring back after a long absence in 2023, and Uniswap is a sitting duck for bears to attack.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe rally on Venezuela’s shadow BTC reserve

Meme coins such as Dogecoin, Shiba Inu, and Pepe are leading the cryptocurrency market rally driven by the US cross-border operation to capture Venezuelan President Nicolás Maduro. Dogecoin extends its gain for the fifth consecutive day while SHIB and PEPE take a pause.

Cardano Price Forecast: ADA breaks above falling wedge, upside constrained by geopolitical risks

Cardano (ADA) steadies above $0.40 at the time of writing on Monday after a decisive close above the falling wedge pattern in the previous week. The derivatives market supports improving sentiment, with ADA’s Open Interest rising and long bets increasing among market participants.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls firmly in control as BTC breaks $93K, ETH and XRP extend gains

Bitcoin, Ethereum, and Ripple extended their rallies on Monday, gaining more than 4%, 6%, and 12%, respectively, in the previous week. The top three cryptocurrencies by market capitalization could continue to outperform, with bulls in control of the momentum.

Top Crypto Gainers: Brett, Bonk, Dogwifhat – Meme coins rally amid US-Venezuela tensions

Meme coins, including Brett (BRETT), Bonk (BONK), and Dogwifhat (WIF), lead the crypto market rally with double-digit gains over the last 24 hours following the US capture of Venezuelan President Nicolás Maduro on Saturday. Technically, meme coins could extend gains as bulls maintain firm control.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

Legal Text

Markets move fast. We move first.

Editor's Picks