Cryptocurrencies Price Prediction: Floki Inu, Shiba Inu & Litecoin – European Wrap 4 May

Floki Inu price needs to reset before FLOKI revisits $0.0000420

Floki Inu (FLOKI) price shows a lack of buying pressure since late April, which has led to a steady downtrend. This move will continue until it hits a stable support level or a demand zone, where buyers can overwhelm the sellers. Under this circumstance, the spike in buying pressure could catalyze FLOKI to kickstart a run-up.

Floki Inu price shot up 70% on April 24, which pushed it above the range high at $0.0000420. As impressive as this run-up was, sellers began to book profits, leading to an undoing of the rally.

Shiba Inu tokens worth $1.88 billion are underwater as meme coins battle for dominance

Shiba Inu wallet addresses holding nearly 186.38 trillion SHIB tokens are underwater at the current price level of $0.00001011. The meteoric rise in meme coins like PEPE has intensified the battle for dominance among Shiba-Inu-themed assets.

Shiba Inu, the second-largest meme coin in the crypto ecosystem is currently battling key resistance at $0.00001011. Based on data from crypto intelligence tracker IntoTheBlock, 186.38 trillion Shiba Inu tokens held by upwards of 143,000 wallet addresses are currently underwater.

Litecoin price to squeeze one last rally to $115 before LTC halving event

Litecoin price has been wandering aimlessly around a critical level. Unable to successfully flip it or break down below it, LTC has been a boring coin to trade for investors. But with the third halving event happening in roughly three months, volatility could start to heat up.

Read more about Litecoin’s third halving event: Litecoin could display strong performance ahead of its next halving event