Cryptocurrencies price prediction: Ethereum, Litecoin & NEO - European Wrap - 17 September


Ethereum (ETH) price analysis: ETH/USD bulls knock at $200.00

The second-largest cryptocurrency with the current market capitalization of $21.4 billion stopped within a whisker of critical $200.00 during early Asian hours. While the coin has retreated to $197.67 by the time of writing, it is still trading with bullish bias/ It means that the coin may resume the upside and ahs another try at $200.00 in the nearest future. ETH/USD has gained over 2.5% on a day-on-day basis and stayed unchanged since the beginning of the day. 

 

Ethereum

Litecoin price analysis: LTC/USD moves within a short-term upside channel

Litecoin has retraced from Monday’s high of $73.86 to trade at $72.50 by the time of writing. The fifth-largest coin with the current market value of $4.58 billion has been range-bound with bullish bias on Tuesday. LTC/USD has gained 1.2% in recent 24 hours and stayed unchanged since the beginning of the day.
 

Litecoin

NEO3.0 Testnet launched, NEO/USD gets short-term boost

NEO touched $9.29 high during early Asian hours amid strong recovery from the recent low of $8.90. However, NEO/USD failed to hold the ground and retreated to $9.12 by the time of writing. The 20th largest digital asset with the current market value of $647 million has stayed unchanged both on a day-on-day basis and since the beginning of the day.  NEO is most actively traded at Bitfinex against USDT. From the longer-term perspective, the coin bottomed out at $8.08 on September 10 and has been moving in a tight range ever since. 

 

NEO

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Bitcoin Chart Analysis: Symmetrical triangle breakout to power BTC/USD above $9700

BTC/USD has charted a symmetrical triangle breakout in the last hour, opening doors for a test of the pattern target at 9746. Despite the bullish breakout, its likely to remain an uphill task for the bulls to achieve the target, given a bunch of healthy resistance levels. 

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XRP/USD: Path of least resistance appears to the downside

XRP/USD is struggling to extend its recovery beyond 0.20 on Saturday, as the bulls remain in a wait-and-see for the fourth straight session. While extending the range play, the bears are seen fighting back control, as suggested by the near-term technical set up.

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ETH/USD may return to $220.00 before another strong rally

Ethereum tested $247.93 during early Asian hours and retreated to $247.70 by the time of writing.  The second-largest digital asset has gained about 1% of its value since the start of the day and stayed unchanged since the beginning of the day.

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IOTA upgrades Hornet node software

IOTA has announced a major upgrade to its Hornet node software, which is the first performance upgrade in IOTA 1.5. the first in a series of planned protocol upgrades.

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BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC/USD needs to go down again before it goes up

After a head-spinning volatility at the beginning of the week, BTC/USD settled above $9,600 with minor gains on a week-on-week basis. A shall Doji candle on a weekly chart is an alarming signal that the bulls are exhausted by uncertainty and large price swings. 

Read the weekly forecast

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