Cryptocurrencies Price Prediction: Litecoin, Shiba Inu & Dogecoin — Asian Wrap 21 July


Litecoin Price Prediction: LTC not ready to take the podium, as on-chain metric cautions

Litecoin price has corrected 75% from the May high to today’s low of $104.02. Still, the current falling wedge pattern combined with oversold technical indicators, such as the RSI and Percentage Price Oscillator (PPO), propose that LTC may be near a rebound, even though the IOMAP metric communicates an absence of support below the current price. 

 

Shiba Inu corrects 25% with more pain to come for SHIB

Shiba Inu was in no case different from any other cryptocurrency on Monday in the market turmoil caused by rising covid cases in the US and UK. Investors are worried about a third wave that might come as economies reopen with no obligations for masks or other safety measures. Price action is nearing two interesting points of entry for long-term buyers.

 

Dogecoin Price Prediction: DOGE still has 6% of losses to go before buyers might come in

DogeCoin has been no match against the global risk-off sentiment that made trembled through markets. Investors are worried about a third wave of Covid as cases spike again in countries that are reopening. In this risk-off move, the first items to be dumped out of portfolios are cryptocurrencies and stocks.

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Bitcoin bulls ignore China warning amid a potential rally to $45,000

Bitcoin has kicked off the August month on the right footing, looking to extend the previous week’s 15% gains amid favorable fundamental and technical catalysts. Looking at the daily chart, the BTC price is gathering pace to initiate a fresh upswing towards the horizontal 200-Daily Moving Average (DMA) at $44,750.

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Dogecoin price preps up for a rally towards $0.30

Dogecoin price is jumping this Sunday, displaying a solid start to August, as a fresh buying wave grips the crypto market. DOGE price confirms a triangle breakout on the 4H chart. The bulls target $0.30 amid the renewed upside momentum.

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Shiba Inu Price Prediction: Tide turning in favor of SHIB bulls, as $0.00000750 beckons

Amid an upbeat momentum seen across the crypto board, Shiba Inu is looking to extend Saturday’s upswing from near the $0.00000590 support area. The focus remains on Sunday’s close to confirming a falling wedge breakout on the 1D chart.

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XRP price eyes a sustained break above 200-DMA to recapture $1.00

XRP price pauses its recent uptrend, consolidating in a familiar range for the fourth day in a row, as the digital asset bides time to resume the next leg higher. Only a daily closing above the 200-DMA could open gates for a rally towards $1.00. 

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