Cryptocurrencies Price Prediction: Optimism, Litecoin & Dogecoin — Asian Wrap 25 April

FXStreet Team FXStreet

Optimism price could rally 25% amid this big move by VC in DeFi and TradFi spaces

Optimism price (OP) engaged a gains-shedding gear in mid-April as bears took over the market following waning bullish momentum. However, bulls appear to have regained control in the New York trading session, commencing what appears to be the beginning of a trend reversal. This comes amid ongoing network hype after venture capital firm (VC) Andreessen Horowitz (a16z) disclosed plans to work on an Optimism-based rollup application christened Magi.

Litecoin price gives LTC bulls a chance to accumulate before a return to triple-digit levels

Litecoin price (LTC) appears to have decoupled from Bitcoin (BTC) and the general slump in the broader market. The move comes as LTC tries to solidify the uptrend currently being mapped ahead of the August 3 halving, which will drop its block reward from 12.5 to 6.25.

DOGE holders try to protect the meme coin as Dogecoin price falls back to where it was a month ago

Dogecoin price took quite a hit over the last few days as the meme coin followed in the footsteps of the leader of cryptocurrencies, Bitcoin. However, surprisingly, DOGE investors did not jump shit and claim whatever profits they could but instead stood firmly to prevent a major crash.

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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs.

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.

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