- The intraday charts show cryptocurrencies with gains between 1% - 10%.
- Bitcoin surged to highs of $8,088 before sliding to find balance under $8,000.
The market is back in the green again following a few days of consolidation. The bulls return confirms to investors that we are still in a bullish phase, especially for Bitcoin. The intraday charts show cryptocurrencies with gains between 1% - 10%.
Litecoin is at the forefront of the recovery having corrected up 10.38% on the day. LTC/USD opened the trading on Monday at $114.82 before correcting lows of $112.68. The recovery has taken it to highs around $128.20. Besides, the prevailing trend in is strongly bullish. The volatility of Litecoin on the lower side which means that we can expect minor deeps in the event $130 is not assaulted.
The ‘father’ of the cryptos, Bitcoin surged to highs of $8,088 before sliding to find balance under $8,000. BTC/USD is trading at $7,970 at press time amid a building bearish trend. This means that BTC may fail to settle above $8,000 in the coming sessions today but the target for the week is at $9,000.
Ripple and Ethereum have not been left behind. They have shown the ability to recovery by conquering key resistance levels at $240 for ETH and at $0.40 for XRP. Ethereum is up 5.33% while Ripple has added 3.28% to its value on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Follow us on Telegram
Stay updated of all the news
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto liquidations hit $311 million, what’s next?
BTC price has suffered a fatal setback after the recent lawsuit that the SEC filed against Binance and its founder, Changpeng “CZ” Zhao. The suit caused the markets to cascade, triggering a massive sell-off and causing roughly $311 million in liquidations across the entire crypto landscape.
Apple staying mum on Metaverse at WWDC wipes out Metaverse tokens’ value by 10%
Apple recently hosted the WWDC, where it was expected to kickstart the Metaverse hype again. However, with the anticipation going through the roof, the opposite happened when the company with the biggest market cap failed to talk about the virtual world.
Pro-XRP attorney says Ripple has 25% chance of winning against SEC, Judge could announce verdict by September
Ripple has a 25% chance of winning its legal battle against the US Securities & Exchange Commission (SEC), according to pro-XRP attorney John Deaton. Over the weekend, Deaton shared his opinion on Ripple’s likelihood of both an outright win and a partial victory.
Why Solana price is primed for 30% rally
Solana price shows quite a few developments on the daily chart, all of which point to a bullish future for SOL holders. Investors can expect a quick run-up, which could develop into a medium-term uptrend if these optimistic conditions remain bullish.
Bitcoin: BTC targets $30,000 as short-term bias turns bullish
Bitcoin (BTC) price shows a clear sign of the bulls’ victory. After failing to trigger a steep correction, bears look now out of context, at least in the short term, allowing buyers to restart a minor uptrend.