Cryptocurrencies Price Prediction: Litecoin, Bitcoin & Cryptos – American Wrap 17 December

Litecoin Price Prediction: $150 breakout expected as miners buy $18M of LTC
Litecoin price traded as high as $131 on Binance on Tuesday, rising 35% within the weekly time frame. On-chain data trends suggest an ongoing acquisition trend among LTC miners could propel the rally further.

Bitcoin competes with Gold: BTC ETFs achieve 88% of assets under management by US Gold ETFs
Bitcoin (BTC) holds steady above $106,000 on Tuesday as BTC dominance rises. The largest cryptocurrency has observed a steady inflow of capital from institutional investors to US spot ETFs.

Bitcoin recovers from profit-taking retreat, surges past $107,000
Bitcoin rebounded strongly on Tuesday, recovering from earlier profit-taking and extending its record-setting rally. The world’s largest cryptocurrency surged past $107,000, hitting a session high of $107,148 before stabilizing at $106,940, marking a 5.43% gain since late Friday. This recovery comes as investor enthusiasm remains buoyed by President-elect Donald Trump’s reiteration of plans to create a U.S. Bitcoin strategic reserve and the inclusion of MicroStrategy into the Nasdaq 100 index.

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FXStreet Team
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