Let delve into cryptocurrency price prediction for BTC, LTC and EOS against the US$ dollar for April 17, 2020.
Bitcoin Price Analysis: BTC/USD
BTC/USD toughest hurdle lies in between $7,070 and $7,116
The cryptocurrency market has been on and off this month. But a bullish run in the turn of events has began over 15 hours ago. It began after bears dominated the Asian market to pave a way for the European market.
This follows a quick recovery from the previous weeks intraday low of $6,466. The current trend with it bullish run have me predicting BTC to sustain it Current Price of $7,070 and to break into $7,116.
Litecoin Price Analysis: LTC/USD
LTC stands above $42.90 as rising tide lift all boats.
In the course of 24 hours LTC had an intraday high at $43.75 yesterday amid string series of strong recovery across all cryptocurrency trade markets including coinbase and Binance.
But it has depreciated down to $42.13 as at the time of writing. Though it is a bit higher than the start of the day when it retreated to $41.90.
Litecoin still stands as the 7th largest cryptocurrency or digital asset token with the current market value of $2.7 billion and an average daily trading volume of $4.6 billion.
EOS Price Analysis: EOS/USD
Bulls got a strong hold with this one as it increases to over 10%. It target price in the course of the day is $3.12.
EOS on Thursday failed to find support after bearish decline from $2 80 to $2.40, that is when the Asian market extended their selling session after their American counterparts from Wednesday. But the European market, however resisted the pattern set up by the Asian and American counterparts as it started a strong bull run to keep pressure on them. The bull run paid of as the European trade momentum stood it ground to move higher with strong effect. Currently,the bulls has got a strong hold with a 10% increase. The target for EOS now is $3.12.
Kind Reminder: I had to redo this article due to image copyright issue which led to the deletion of the previous Article!!! Thanks and my kind regards