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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Ripple Price Prediction: XRP ready to make a comeback as bulls target $0.7

XRP, like the rest of the market, had a significant crash from its peak of $0.78 down to $0.456. The digital asset is currently trying to bounce back up, trading around $0.537, awaiting a clear breakout or breakdown from an ascending triangle on the 30-minute chart.

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Facebook plans to launch a limited version of its cryptocurrency Libra in 2021

The social media giant Facebook may launch its contradictory digital coin Libra as early as in January 2021, the Financial Times reports, citing knowledgeable sources.

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Bitcoin show signs of a dead cat bounce while investors hope for prompt recovery

Bitcoin is hovering around $17,000 after a heart-breaking sell-off to $16,200 on Thursday. However, the industry experts warn that the downside correction has just started. 

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German finance minister calls for quick decisions on ECB's digital currency

Germany's finance minister, Olaf Scholz, said that Europeans should work very hard to come up with a solution for digital payments, as there is a massive demand for digital money from consumers and businesses.

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Gold Weekly Forecast: XAU/USD tumbles to multi-month lows on risk flows, technical selloff

Bitcoin has lived through a roller-coaster week. The pioneer digital currency hit another multi-year high of $19,500 and got really close to the all-time high on Wednesday. 

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