Cryptocurrencies Price Prediction: Litecoin, Ethereum & Ripple – European Wrap 7 May

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Litecoin Price Analysis: LTC/USD commences consolidation

Litecoin price is among the most improved cryptoassets in the market on Thursday and during the European session. The crypto features a 2% gain on the day after advancing from an opening value of $45.01 to $45.90 (market value). Litecoin is trailing other cryptocurrencies such as Ethereum at 3%, IOTA at 2.69% and EOS at 2.19%. On the other hand, Bitcoin stepped above $9,300 from $9,158 (opening value).

ETH/USD: Ethereal Summit may inspire short-term ETH gains

Ethereal Summit, a virtual crypto conference devoted to the Ethereum project and cryptocurrency industry in general, will go live today, May 7 at 7:15 am EST. Everyone can register and participate in the event for free, via their computer of an internet-enabled device.

Ripple Price Analysis: XRP/USD recovery on the way, once it clears daily SMA200

XRP/USD has recovered from the intraday low of $0.2099 to trade at $0.2145 by press time. The coin has gained 1.3% since the beginning of Thursday, though it is still 2.5% lower from this time on Wednesday. Ripple’s XRP has been moving in sync with the market, influenced by general sentiments and technical factors. Now it is the third-largest digital coin with the current market value of $9.4 billion and an average daily trading volume of $2.2 billion.

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FXStreet Team

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Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.