Price Prediction: Litecoin, Algorand & Polygon — Asian Wrap 25 May

FXStreet Team FXStreet

Litecoin price targets $80 as contrarian bulls step in

Litecoin price action is prepping for a sharp rally to $80 to counterbalance the time-consuming triangle pattern. Litecoin price is developing subtle bullish cues that could catch bearish traders off guard. The market conditions have been very mundane for the Litecoin price since the initials sell-off on May 12.

Algorand price is in its final decline towards $0.36

Algorand price is still declining since the steep decline into lows at $0.36 on May 12. The ALGO price action's time-consuming market behavior appears to form a C wave ending-diagonal pattern, which means the downtrend will soon end.

Investors are disappointed in Polygon Networks' MATIC price for these reasons

MATIC price hints at further drops in the coming days as the Polygon Network is in a make-or-break phase. MATIC price is steadily falling to start this week's trading session. The self-proclaimed Ethereum transaction solution coin gained notoriety in early 2021 for its cheap and fast transaction fees.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

Legal Text

Markets move fast. We move first.

Editor's Picks