Cryptocurrencies Price Prediction: Litecoin, Cardano & Bitcoin – American Wrap 20 July

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Bitcoin Price Prediction: Smart Money Greed vs Retail Fear

Bitcoin price continues to rally as the slope of the uptrend is increasing. On July 20, 2022, Bitcoin price has succesfully validated the previous bullish trade setup. Although retail traders may still be in disbelief about the uptrend, the market is providing profitable opportunities for those willing to engage.

Breaking: Litecoin price is breaking out!

Litecoin price has breached a triangle consolidation to the upside. If the technicals are correct a rally towards $70 is underway. Litecoin price currently trades at $60.21 as the bulls have established a new monthly high with a large bullish engulfing candle. The invalidation of the bullish trend can be a break below the triangle at $55.

Why the Cardano price has “I told you so” written all over it

Cardano price has been an enjoyable cryptocurrency to trade over the last few weeks. On July 8, during the initial rise of Bitcoin, a bearish forecast was issued warning Cardano traders of a possible liquidity hunt in the $0.40 zone. The trade setup worked in the bears' favor as the Cardano price fell 12% into the $0.40 zone.

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FXStreet Team

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Ripple and Stellar outlook: XRP awaits a breakout, XLM rally gathers pace

Ripple steadies at $1.19 below the upper boundary of its falling channel after facing rejection. Meanwhile, Stellar extends its gains, rallying over 25% so far this week. Derivatives metrics suggest a cautious outlook for XRP, while XLM's improving futures positioning suggests a bullish outlook.

Crypto Overview: Bitcoin loses $65,000 while Ethena and Stellar advance

The broader cryptocurrency market remains divided with Bitcoin slipping below $65,000 after Kevin Warsh’s hawkish speech the previous day, while altcoins like Ethena and Stellar advance upwards. Demand for altcoins with real-world utility, linked to stablecoins or tokenized stocks or bonds, fuels the short-term buying pressure.

Binance founder CZ urges governments to tokenize stock markets and launch sovereign stablecoins

Binance founder Changpeng Zhao has called on governments to tokenize their stock markets and issue sovereign stablecoins, arguing that blockchain technology can expand access to capital markets and increase the global use of national currencies.

Bitcoin remains under bearish pressure despite recent rebound — Glassnode

Bitcoin (BTC) remains well below key onchain metrics, with realized losses continuing to dominate capital flows despite a partial price recovery. The top crypto rebounded from lows near $60,000 to the $65,000 range after the US-Iran peace deal reversed much of the war premium that had weighed on risk assets.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.