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

FXStreet Team FXStreet

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.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

Legal Text

Markets move fast. We move first.

Editor's Picks