Cryptocurrencies Price Prediction: Polkadot, Ripple & Litecoin — Asian Wrap 16 September

FXStreet Team FXStreet

Polkadot Price Prediction: One more pump then dump at best

Polkadot price could bounce near this level, but the technicals suggest a larger selloff is coming. Polkadot price shows reasons to be concerned as the bears are hours away from printing a classical shooting star reversal pattern on a 3-day chart. The last time the classic reversal pattern formed was a month ago.

XRP price shows bearish strong-hold, are these the early signs of defeat?

XRP price is in trouble as the bears persistently flex their control. Following the US CPI release on September 13, Ripple has fallen 10%. Consecutive bearish engulfing candles have been established on higher time frames, and an uptick in bearish volume has surfaced during the selloff.

Is good news on the way for Litecoin’s 4.41 million investors?

The silver to Bitcoin’s gold, Litecoin, has been one of the few altcoins to not only survive the multitude of crashes in the past but also remain one of the top cryptocurrencies in the world. This is only possible thanks to its loyal investors, that have held on to their LTC over the last few months.

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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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