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Cryptocurrencies Price Prediction: Litecoin, Ethereum & Dogecoin – Asian Wrap 02 Mar

Cryptocurrencies Price Prediction: Litecoin, Ethereum & Dogecoin – Asian Wrap 02 Mar
FXStreet TeamFXStreet TeamFXStreet

LTC/BTC Price Analysis: Daily M-formation's neckline in focus

Bulls are in control following a correction to the upside from support. The daily M-formation is a compelling stricture that could pull in price for a restest of resistance. The price is establishing on the downside and the focus shifts to the upside. Bulls can target a bullish structure's neckline from the daily chart as follows.

Ethereum Price Analysis: Bullish marubozu directs ETH buyers to previous support around $1,640

Ethereum keeps the month-start run-up while taking the bids near $1,560 during the initial trading on Tuesday. In doing so, the quote prints a ‘bullish marubozu’ candlestick on the daily (D1) chart. Key Fibonacci retracement levels raise bars for bear’s entry.

Dogecoin price aims for greatness after developers release new update in two years

Dogecoin is back on the spotlight after developers release a new update for the first time since 2019. The new upgrade makes Dogecoin faster and reduces CPU usage for users running Dogecoin nodes. Additionally, the digital asset was just listed on Phemex against AAVE and USD and with a leverage of up to 20x. 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Dogecoin tests a key make-or-break point amid waning retail support

Dogecoin tests a key make-or-break point amid waning retail support

Dogecoin trades below $0.08000 maintaining a steady decline for the seventh straight week, with a 4% drop the previous day. The meme coin is losing its retail strength as DOGE futures Open Interest drops 10% in 24 hours, while institutional demand remains muted with zero inflows so far this week.

Meta CEO Zuckerberg directs development of standalone prediction markets app 'Arena'​

Meta CEO Zuckerberg directs development of standalone prediction markets app 'Arena'​

Mark Zuckerberg has directed a small team at Meta to develop a new smartphone app focused on prediction markets, according to a Tuesday report by the New York Times. The experimental project, internally known as Arena, would allow users to forecast outcomes across sports, politics, entertainment and current events.
Top 3 Price Prediction: BTC under pressure, ETH loses key support, XRP momentum weakens

Top 3 Price Prediction: BTC under pressure, ETH loses key support, XRP momentum weakens

Bitcoin, Ethereum, and Ripple remain under pressure on Wednesday after falling slightly the previous day. BTC trades below $63,000, ETH slips below $1,700, while XRP momentum continues to weaken. The deteriorating price action in these top three cryptocurrencies suggests a potential continuation of the near-term correction.

Crypto Market Overview: Bitcoin loses $63,000 amid tech sell-off – WLD, VVV tokens lead losses

Crypto Market Overview: Bitcoin loses $63,000 amid tech sell-off – WLD, VVV tokens lead losses

Bitcoin (BTC) edges below $63,000 at press time on Wednesday, amid a global sell-off of tech stocks, including AI and chip stocks. The broader crypto market recorded $550 million in total liquidations, primarily driven by long liquidations, suggesting sell-side dominance, with Worldcoin (WLD) and Venice Token (VVV) leading losses.
Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.