Cryptocurrencies Price Prediction: Litecoin, Ethereum and Ripple – European Wrap 31 August


Litecoin Price Analysis: LTC/USD ready to reverse below $60.00 after a strong recovery attempt

Litecoin is the seventh-largest digital asset with the current market capitalization of $4 billion. At the time of writing, LTC/USD is changing hands at $61.8, while an average daily trading volume amounts to $2.8 billion. Litecoin is down 1.5$ since the start of the day; however, it is still over 6% higher on a day-to-day basis, which makes it the best-performing altcoin out of top-10. Read more ...

 

LTC/USD

Ethereum Price Analysis: ETH/USD ready to retest two-year high after a short-lived correction

Ethereum (ETH) has hit $430.00 during early Asian hours amid strong bullish momentum. While the coin retreated to $423.00 by press time, it is still over 4% higher from this time on Sunday and close to the highest level in the recent two years.  Ethereum's trading volume exceeded $12 billion, while its market capitalization is registered at $47.5 billion. Read more ...

 

ETH/USD

Ripple Market Update: XRP is the least-favored altcoin in Japan

The Japanese traders prefer Bitcoin over XRP, according to the recent research published by  Japan Virtual and Crypto Assets Exchange Association (JVCEA) on August 19. The analysts found out that investors tend to sell XRPs and other altcoins to buy Bitcoin as the share of BTC in the total transactions value on the cryptocurrency exchanges catapulted to 87%. Meanwhile, the number of active accounts hit the all-time high at 13,987 in April 2020 (the latest available data). Read more ...

 

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Dogecoin price heads higher as DOGE breaks above crucial resistance and prints buy signal

Dogecoin price suffered a steep drop on June 21, printing a large red candle that erased any hope of reversing a period of underperformance. However, DOGE has since recovered from the harsh decline, a confirmation of accelerating interest from the bulls.

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SafeMoon ponders 25% advance

SafeMoon price seemed to be confirming the uptrend when it breached the immediate supply level briefly. However, the inability of the buyers pushed SAFEMOON below it. However, the altcoin will likely take another jab at an uptrend as the pullback finds a foothold.

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Cardano eyes another 15% upswing

Cardano price rallied significantly over the past 24 hours in an attempt to recover the losses piled up after the recent crash. Although a minor retracement seems likely after a quick run-up, the uptrend appears to be intact.

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Citigroup launches digital asset unit to offer crypto services for wealthy clients

Citigroup has officially launched a new crypto and blockchain-based business unit, called the Digital Assets Group, marking the latest large financial institution to break into the cryptocurrency industry. 

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

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