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Cryptocurrencies price prediction: Bitcoin, Litecoin & Ripple – European Wrap – 3 February

Bitcoin Price Prediction: BTC/USD prepares a second assault at $9,600 – Confluence Detector

Bitcoin is in a range motion on Monday after failing to sustain gains above $9,300 over the weekend. On the contrary, selected altcoins such as Ethereum Classic, Tezos and Iota are mooning. Iota is the most bullish following the more than 17 surge on a day to day basis.

Bitcoin confluence levels

As far as confluence levels are concerned, Bitcoin is facing the first resistance at $9,396. The zone is host to a cluster of indicators including the Fibo 61.8% daily, SMA 200 15-minutes, the Bollinger Band 4-hour and the 100 SMA 1-hour among others. On breaking this resistance, the bulls would have neutralized the prominent hurdle to $10,000. However, they cannot underestimate the seller congestion at $9,493, $9,590 and $9,882.

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Litecoin Price Analysis: LTC/USD needs to stay above $70.00 to retain bullish bias

Litecoin (LTC) has settled above $70.00 after hitting the recent high at $73.35. While the coin has retreated from Sunday’s top, it is still over 2% higher on a day-to-day basis. Litecoin now takes 7th place in the global cryptocurrency rating with a market value of $4.5 billion. 

Ripple Price Analysis: XRP/USD needs to regain ground above $0.2500 as soon as possible

Ripple’s XRP, the third-largest digital asset by market value is changing hands at $0.2488. The coin has gained nearly 5% in recent 24 hours and lost 2%since the beginning of the day. Ripple’s current market capitalization is registered at $11 billion, the coin has gained over 30% since the beginning of the year.

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