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Cryptocurrencies Price Prediction: Litecoin, Bitcoin & Ripple – Asian Wrap 07 March

Cryptocurrencies Price Prediction: Litecoin, Bitcoin & Ripple – Asian Wrap 07 March
FXStreet TeamFXStreet TeamFXStreet

Litecoin price tumbles below $100 as XRP and ADA take center stage for White House Summit

Litecoin price dipped below the $100 mark on Thursday, losing 22% in the past week as markets reacted to updates to US trade tariffs and speculation surrounding White House Crypto Summit to be held on Friday. With LTC traders mounting additional short leverage positions, LTC faces further downside risks.

Bitcoin News Today: President Trump confirms new BTC policy, Sacks blames Democrats for 195,000 BTC sell-off

Bitcoin price dipped 5% to hit $85,000 on Monday, as skittish sentiment around US Trade policy and Non-Farm Payrolls data introduced fresh volatility ahead of the White House Crypto Summit. However, a recent Bitcoin Strategic reserve announcement from Trump's Crypto Czar David Sacks could spark more gains. 

XRP holds steady above $2.55 despite investors taking realized profits to $2 billion

Ripple's XRP managed to record gains on Thursday despite investors expanding their total realized profits to about $2 billion since the beginning of the week. Several XRP investors resumed distributing their holdings following its recent rise. Investors booked over $700 million in profits on Wednesday, stretching the total realized profits since the beginning of the week to nearly $2 billion.

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