Bitcoin $10000, Ripple $0.2030, Litecoin $46. Cryptocurrencies Price Prediction – European Wrap

BTC/USD made another attempt to break above $10,000 on late Wednesday and settled in a range $9,800-$9,900 during early Asian hours on Thursday. At the time of writing, BTC/USD is changing hands at $9.850 amid growing bearish pressure as on the intraday charts the price is reversing from the overbought territory. Despite the retreat, BTC/USD has gained nearly 1.5% since this time on Wednesday and moved above the former local resistance of $9,800 that now serves as a line of support. 

 

A prominent commodity trader and a long-standing XRP critic Peter Brandt believes that XRP is bound to crash agains BTC. In a recent tweet, he pointed out that Ripple Lab, the company behind the digital coin, destroyed the foundation that supported the coin against BTC.

XRP/BTC

Litecoin (LTC) retreated from the intraday high at $46.97 and settled above $46.00 by press time; LTC/USD has stayed mostly unchanged on Thursday, and gained over 1% of its value, moving in sync with the market. Litecoin is the 7th largest digital asset with the current market value of $3.0 billion and an average daily trading volume of $2.0 billion.

 

LTC/USD