Litecoin $55, EOS $3.69, Ripple $0.2500. Cryptocurrencies price prediction – European Wrap

Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $3.5 billion, has been moving inside a range with bearish bias during early Asian hours. LTC/USD bottomed at $54.23 on Tuesday and recovered to $55.21 by press time. 

EOS is taking a breather after a couple of days of constant battering. The downtrend is as a result of the rejection that took place at $3.69 (November high). The 50 SMA and the 100 SMA on the 4-hour chart failed to hold leading to declines below the trendline support.

 

EOS

Ripple’s XRP topped at $0.2586 during early Asian hours and retreated to $0.2525 by the time of writing. The downside correction stopped on approach to critical support area created by the lower boundary of the previous consolidation channel. XRP/USD has gained about 1% on a day-to-day basis and stayed unchanged since the beginning of the day.

 

Ripple

 

 

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