DailyBubble News
DailyBubble News

Litecoin (LTC), Bitcoin Cash (BCH), IOTA

Cryptocurrency prices have seen a pullback this week as Bitcoin retreated to $63,000 from last week’s high of $65,300. Despite this, analysts remain bullish on Bitcoin, with some predicting a surge to over $100k this year. However, concerns have been raised about IOTA token’s ecosystem growth, with its price slumping by almost 50% from its peak in March. The token is also on the verge of forming a bearish death cross pattern, indicating a negative outlook. Similarly, Bitcoin Cash price has moved sideways after a high in April, with a neutral outlook and a potential drop to $400. Litecoin token has also experienced a significant decline, consolidating at the 200-day moving average and dropping below the 50-day EMA. The outlook for Litecoin is bearish, with a potential drop to $70.6. Overall, the cryptocurrency market is facing some challenges, with various tokens experiencing price declines and technical indicators pointing towards further downside potential.

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