RATE Group | Bitcoin Cash $260, Litecoin $50, Ripple $0.2152. Cryptocurrencies Price Prediction – European Wrap
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Bitcoin Cash $260, Litecoin $50, Ripple $0.2152. Cryptocurrencies Price Prediction – European Wrap

09 May Bitcoin Cash $260, Litecoin $50, Ripple $0.2152. Cryptocurrencies Price Prediction – European Wrap

Posted at 20:04h in Cryptocurrency News by

Bitcoin Cash price advanced higher above $250 as BTC/USD surged above $10,000. The price action extended above towards $260 but hit a wall at $258 (intraday high). In the meantime, BCH/USD has adjusted lower to $250 as selling pressure makes a comeback. Generally, the entire cryptocurrency market is bearish during the European session.

BCH/USD price chart

Litecoin price action continues to follow the confines of a descending channel after the recovery in the last week of April stalled under $50. The channel support remains instrumental in slowing down the selling pressure. Also vital to the buyers is the short-term support range; $44 – $45.

 

LTC/USD price chart

XRP/USD has retreated from Thursday’s high of $0.2223 to trade at $0.2152 by press time. The coin has stayed mostly unchanged since this time on Thursday and lost about 1.5% since the beginning of Friday. Ripple’s XRP has been locked in a tight range since the start of the week, despite sharp Bitcoin’s recovery. Now it is…

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