Cryptocurrencies Price Prediction: Litecoin. Cardano & Uniswab — Asian Wrap 21 May


Litecoin Price Prediction: LTC bears eye 20% decline amid mounting pressure

Litecoin price has seen a sharp recovery after Wednesday’s massive sell-off. However, this uptrend will face significant overhead barriers that could prevent it from climbing higher. A decisive close above $247.04 will invalidate the bearish thesis and kick-start an upswing.

 

Cardano price positions ADA to be a leader in the next crypto rally

Cardano price recovered the 50-day simple moving average (SMA) on a day when most of the cryptocurrencies were struggling to regain their 200-day SMA. It is a notable demonstration of relative strength and solidifies ADA as a leader for the next wave of buying in the crypto market.


 
Uniswap price direction uncertain, UNI needs time to consolidate

Uniswap price fell 53% yesterday at the intra-day low before rebounding 40% to close well above the strategically important 200-day simple moving average (SMA). The magnitude of the bounce coupled with improving fundamentals leaves UNI in a position for a relatively tight consolidation for the foreseeable future.

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Editors’ Picks

Ethereum price bullish reversal sets ETH on a return to $3,820

Ethereum price is forming a bullish chart pattern that projects a 12% bounce toward $3,820. Only a slice above $3,398 would validate the optimistic forecast. A stiff hurdle may emerge at the 78.6% Fibonacci retracement level at $3,709.

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Cardano price presents buy opportunity before ADA gears up for 40% ascent

Cardano price could tag lower levels before ADA bulls prepare to reverse the period of underperformance. The Ethereum killer could slide toward the January 10 low at $1.07 before falling toward the lower boundary of the prevailing chart pattern at $1.04.

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Algorand price due for a 25% upswing as ALGO reveals a bullish setup

Algorand price has seen a considerable drop over the past 24 hours and shows that this bearish outlook might be coming to an end. As ALGO finds its footing at the current support level, investors can position themselves to maximize the gains that will follow.

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Chainlink must return above this price level or LINK will fall back to $20

Chainlink price is facing difficulties moving above a significant resistance zone on the weekly chart. Failure to close above this resistance on the weekly chart could trigger a strong resumption of falling prices. Chainlink price behavior  for the remainder of Jan will likely be decided this Friday.

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BTC eyes retest of $50,000

Bitcoin price shows a resurgence of retail interest as it bounced off a crucial psychological level. The recent uptrend is preparing a base on a short-term time frame so BTC can kick-start a larger leg-up. Interestingly, on-chain metrics are lining up with the bullish outlook portrayed from a technical perspective. An uptrend now seems inevitable for BTC and, therefore, the larger ecosystem.

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