Will Litecoin prices fall below $50.00?
That’s probably the most important question for the short-term Litecoin price forecast, but it’s unlikely to matter over the long haul.
Long-term forecasts depend on underlying factors that investors are ignoring, such as Litecoin’s ability to popularize micropayments or its ability to affirm its role as the “silver to Bitcoin’s gold.”
That’s what the market should be focusing on.
Instead, investors will scramble over.
The post Litecoin Price Forecast and Analysis – September 21, 2017 appeared first on Profit Confidential.
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Litecoin Price Forecast and Analysis – September 21, 2017
Narrow spreads, low volatility, and relative calm. If someone asked you to name an asset class with those qualities, would your answer be cryptocurrencies? Absolutely not!
There's good news and bad news for Bitcoin (BTC) bulls today. The bad news is that BTC hasn't shown much in the way of gains over the past week. The good news is that it also hasn't shown much in the way of losses, either. And considering the wild swings that took place earlier in September, a little bit of stability isn't the end of the world.
As investors move beyond the dismal Litecoin news from last week, it’s becoming clear that a recovery won’t happen overnight.
Bitcoin appears to have levelled off, showing gains of about $200.00 so far this week, but showing no signs of a massive swing one way or the other. The stability is a welcome respite from the movement the market witnessed over September, where the China ICO block caused Bitcoin prices to plummet, only for the currency to rally the following week.
After a tumultuous week, investors are largely sitting on the sidelines, waiting for something to happen with Ripple prices. One juicy bit of Ripple news would likely spark a massive rally.
On Tuesday, investors ignored bullish Ethereum news once again. Why? Because, like an angsty teenager, they are angry with the world. “How could China ban cryptocurrency exchanges? It’s not fair!”
Mark Cuban: $20.0 Million Cryptocurrency Investment
As the dust settles from China’s crackdown on cryptocurrencies, Ethereum looks poised for a rally that could send it across the $300.00 level. However, the situation remains tenuous.
Bitcoin (BTC) is once again nearing the all-important $4,000 threshold, a significant bounce-back compared to last week's low point of $3,200 that came as a result of China's crackdown on initial coin offerings (ICO).
Ripple prices took a break from the high drama of recent weeks, ending the last 24 hours a slight twitch up to around $0.185670. The stability of the Ripple to USD exchange rate is a constructive signal for investors that grew nervous after the Chinese crackdown.
For the first time in a week, cryptocurrencies stuck their heads above water. The Ripple-to-USD exchange rate jumped 7.13% to $0.188622, while simultaneously falling 4.22% against Bitcoin.
Hallelujah! After a week of non-stop pain, investors finally moved past China’s ban on cryptocurrency exchanges. They bid up prices, bet on fundamentals, and were rewarded with flashing green numbers on their trading monitors.
Bitcoin Turned $25 into $34 Million
As with the rest of the cryptocurrency market, China takes center stage in our Ripple news update. It’s the only thing that matters at the moment, though one could argue that XRP is unfairly caught in the crossfire.
China is the only Ethereum news that matters today, as crypto markets continue to reel from a Chinese crackdown on local exchanges. The entire crypto market is under siege.