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Check the price analysis for Bitcoin, Ethereum and Litecoin.
The forecast concerning the BTC/USD trading pair has not altered much since the previous review.
We can observe the following trends:
These insights allow for the BTC forecast that is, in many ways, consistent with the previous one:
We thus can conclude, that the market is anticipating some good news, that may result in further price rise.
Ethereum couldn’t reach the $310 resistance zone. Currently, we can observe smooth movement towards the $225 support level.
What to expect:
Still, the possibility of a negative scenario for ETH/USD is rather small.
The market is anticipating PoS, along with investors. Thus the price level below $225 seems to be unfeasible.
LTC is one of the growth leaders of the previous week.
Here is what’s going on:
LTC is currently the fourth currency, in terms of capitalization and also hits the leading positions in trading volumes. An increase in liquidity always positively reflects on the cryptocurrency market. To recap, trading volumes are an extremely important aspect to consider.
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