Possible Bearish Weekend Ahead For LTC, XRP and XTZ

Bitcoin (BTC) is down over 20% in 24 hours, Ethereum (ETH) is down 15% in three hours, and Litecoin (LTC) is down over 30% in 24 hours. This weekend may be a nightmare for crypto investors.

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It looks like the crypto market is about to enter a bearish weekend. What does this mean? Well, it could mean the bulls are losing their strength and momentum, but it’s not entirely clear what this means for price action. It could mean the bears are about to turn and push the market lower. Or it could mean the market is about to consolidate and hold its gains. Which direction will the market take is difficult to say.

The weekend of May 26th is looking to be a nasty one for a handful of cryptocurrencies. While there is no shortage of traders looking to short Bitcoin and XRP, there are still a handful of altcoins that are being overlooked. Perhaps one of the most overlooked is Litecoin. LTC has been stuck in a tight range for weeks now, and it has been hinted that it may be time to short this altcoin.. Read more about xrp ripple news and let us know what you think.

Litecoin, Ripple and Tezos have been trading in the red for the past 24 hours and could enter the weekend in bearish mode. The performance of the cryptocurrency market this week was better than last week. Still, the bearish sentiment is not quite over, as bitcoin is still struggling to break through the $40,000 level. Ethereum is still stuck below $3,000 and the other major crypto-currencies are still down. Litecoin, Ripple and Tezos are also at their lowest levels for the weekend. Three cryptocurrencies are at risk of further losses over the weekend if market sentiment does not change in time. However, market analysts such as Michael Van de Poppe believe that the market will rebound and that investors should not make the mistake of selling their investments. The market has a habit of getting ultra-cold at supports and ultra-cold at resistances. Sell your #altcoins at the bottom when FOMO returns in full force and the market tilts. Sometimes it’s hard. – Michaël van de Poppe (@CryptoMichNL) 27. May 2021

LTC Price Forecast

The price of Litecoin is currently down 2% after it struggled to break through the $210 level in recent hours. The cryptocurrency is now trading at $188 per coin and is likely to suffer further losses in the coming hours. 4 hour chart of LTC/USD. Source: Coincide The 4 hour chart of LTC/USD shows that Litecoin is currently in a downtrend. If it fails to break through the $210 resistance level, it could decline and the $171 support level would not be protected. Bulls will need to defend this support level, as further declines in the market could bring LTC near $130, last week’s low. However, if LTC breaks through resistance around $210, it could start a strong recovery and reach $240 by the weekend. However, any upward movement will depend on the behavior of the market as a whole.

XRP price forecast

XRP is the most bearish of the three, losing nearly 2% of its value in the past 24 hours. XRP is currently trading well below its 100-day simple moving average and exponential moving average at 1.20 and 1.14, respectively. If the current market trend continues, XRP could drop below $0.80 and the bulls will have to defend key support at $0.70. So far, the cryptocurrency has defended the $0.70 support zone well, and the bulls could look to hold that support level again. word-image-5586 4 hour chart of the XRP/USD. Source: Coincide However, if the market recovers and the price rises, the XRP could break through the next resistance point at $1.05. In recent days, the XRP/USD pair has struggled to break above the 1.05 level. If the rally continues, the XRP could try to reach $1.1 over the weekend.

XTZ Price forecast

The 4-hour chart of XTZ/USD also appears bearish, as do the other two charts. If the market refuses to move higher, XTZ could drop below $3.50 and lose the next support at $3.20. Technical indicators for the crypto-currency are currently bearish, suggesting that the price may fall soon. word-image-5587 Four-hour chart XTZ/USD. Source: Coincide However, if the market starts moving higher, Tezos could be aiming for the 100-day exponential moving average at $4.43 over the weekend. A sustained rally could allow XTZ to reach the $5.70 level before the market begins to crumble.Charting activity on cryptocurrency exchanges around the world, we can see that volume for Litecoin has been declining for the past two days. This is unusual, as Litecoin has recently been overbought and has since rebounded. Meanwhile, Ripple volume has decreased but remains at a moderate level, while XRP and XTZ volumes have both decreased significantly.. Read more about xrp stock price today and let us know what you think.

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