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.

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Cardano holds steady as bulls intensify push for breakout

Cardano rises above the 50-day EMA resistance amid a risk-on mood across the crypto market. The MACD upholds positive divergence, increasing the potential for a 20% breakout to $0.505.

XRP poised for breakout as ETF inflows and bullish momentum align

Ripple is showing strength, trading at $2.36 at the time of writing on Tuesday. The cross-border remittance token has maintained a steady uptrend for six consecutive days, underscoring steady inflows into XRP spot Exchange Traded Funds.

Crypto Today: Bitcoin, Ethereum, XRP uptrend cools amid surging ETF inflows

Bitcoin is retracing toward support at $93,000 at the time of writing on Tuesday, after reaching a previous day’s high of $94,789. Ethereum and Ripple uptrend has cooled after several days of persistent gains, suggesting potential profit-taking.

Bitcoin holds above $93,000 as ETF inflows continue and Strategy boosts holdings

Bitcoin price trades around $93,000 at the time of writing on Tuesday, pausing near a key resistance zone after its recent advance. Institutional demand remains supportive, with US-listed spot ETFs recording their largest single-day inflow since early October.

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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.

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