Cryptocurrencies price prediction: Litecoin, Bitcoin Cash & Ethereum - European Wrap - 7 October


Litecoin (LTC) price analysis: LTC/USD confined to a range amid directionless trading

Litecoin has been moving inside a horizontal channel since September 24. The sixth-largest digital asset with the current market value of $3.5 billion has lost over 2% in recent 24 hours to trade at $54.59 at the time of writing. From the short-term perspective, LTC/USD is moving with bullish bias amid shrinking volatility. An average daily trading volume stays well above $2 billion.

 

Litecoin

Bitcoin Cash price analysis: BCH/USD impressive triangle breakout targets $235

Bitcoin Cash is reacting positively on Monday following a mundane trading session over the weekend. The 2% gains on the day follow a remarkable breakout from a symmetrical triangle pattern that has been forming since Tues last week.

At the time of the press, Bitcoin Cash is trading at $227.40. The breakout has legs founded within the support offered by the simple moving averages. The 50 SMA on the hourly chart currently stands at $221.39 while the 100 SMA is currently at $221.82.

 

Bitcoin Cash

Ethereum market update: ETH/USD takes off from Asian low, still vulnerable to further losses

ETH/USD hit the recent high at $186.00 on October 1 and has been sliding ever since. During early Asian hours on Monday, the second-largest coin touched the ground below $170.00. While the coin managed to recover from the intraday low of $168.83 to trade at $172.50 at the time of writing, the bearish sentiments are still prevalent.

 

Ethereum

 

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Bitcoin bulls and bears standoff continue, someone has to give in

The cryptocurrency market is dominated by bearish sentiments during early Asian hours. Bitcoin and most altcoins out of top-20 are nursing losses on a day-to-day basis. Binance Coin (BNB) is the biggest loser, down 4%, while Tezos (XTZ) and Bitcoin Cash (BCH) is in a green zone.

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Some XRP transactions involved in the financial pyramids

Analysts from Elliptic monitored XRP transactions and identified several hundred accounts related to illegal activities. the Block reports.

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Tron price analysis: TRX/USD must defend the falling channel for dear life

Tron is disintegrating within a falling wedge pattern. The declines come after a failed attempt to rise above the resistance at $0.023. A lower high and lower low pattern has been the norm in the last three weeks.

More TRON news

Bitcoin Cash price update: BCH/USD future is still bright, $300 is the rendezvous

Bitcoin Cash recently tested $230 during the slump that shuttered various tentative support areas including $280, $260 and $240. Ranging channel support ($270) was also broken. Following the drop, an effort has been made to ....

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Bitcoin Weekly Forecast: In the middle of nowhere

Bitcoin has been drifting down since the beginning of the week, as the bulls have no luck with the recovery campaign launched during the previous weekend.

Read the weekly forecast

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