Cryptocurrencies Price Prediction: PI, Bitcoin & Litecoin – European Wrap 18 May
Pi Network Price Forecast: PI extends bearish breakout as selling pressure grows
Pi Network (PI) edges below $0.1600 on Monday, recording its fourth straight day of losses. Sustained selling pressure, with roughly 130 million PI tokens remaining to be unlocked in May, could push Pi toward its all-time low at $0.1310.
Bitcoin Price Forecast: BTC extends losses, pressured by ETF outflows, fresh inflation concerns
Bitcoin (BTC) trades in red, slipping below $76,800 on Monday after losing nearly 6% in the previous week. BTC has been correcting sharply, posting its fourth consecutive day of losses, as spot Exchange Traded Funds (ETFs) recorded weekly outflows of $1 billion. Meanwhile, hotter-than-expected US inflation data strengthened expectations of a more hawkish Federal Reserve (Fed), dampening risk appetite and further pressuring the Crypto King.
Litecoin faces fresh selloff as bearish wave structure continues
Looking at Litecoin, it's probably still unfolding a five-wave bearish impulse within wave (C) on a daily chart, so while the price is below the 72 invalidation level and after the current subwave 4 pullback, subwave 5 may still show up. Down there, around the 40 area, the market may start looking for some major support at the lower side of a big triangle formation.
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