Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin – European Wrap 4 November
Bitcoin, Ethereum, and Litecoin saw mixed trading on November 4th in the European market. Bitcoin held strong above the $60,000 level, while Ethereum struggled to break above $4,500. Litecoin remained stable around the $200 mark.
Bitcoin’s price prediction remains bullish as it continues to hold above the key support level of $60,000. Analysts expect the cryptocurrency to rally towards the $65,000 level in the near term.
Ethereum, on the other hand, faces resistance near the $4,500 level. If it breaks above this level, it could see a strong uptrend towards $5,000. However, a failure to break above $4,500 could lead to a downside correction towards $4,200.
Litecoin’s price prediction remains neutral as it hovers around the $200 mark. Analysts believe that a breakout above $220 could lead to a bullish continuation towards $250. On the other hand, a break below $190 could trigger a downside correction towards $170.
Overall, the cryptocurrency market remains volatile, with Bitcoin leading the way as it holds above $60,000. Traders are advised to closely monitor key levels for Bitcoin, Ethereum, and Litecoin to make informed trading decisions.