BTC is trading very close to its all-time-high value of 2017. This run has been fueled by institutional investors, and retail investors are yet to join. Will this run continue beyond $20,000 or will we expect a correction?
We will shortly find that out once BTC reaches its ATH value. Meanwhile, let us analyze some of the major altcoins and offer up some XRP, LTC, LINK, and ETH price predictions.
XRP/USD – Price Prediction
XRP has broken the strong resistance at $0.30 and currently it is at a decisive stage of whether it can flip this resistance to support. If it can do so, the next targets would be $0.34, $0.38 and $0.40. Failure to flip the resistance at $0.30 to support could drag XRP price down to $0.26 and $0.24.
LTC/USD- Price Prediction
If LTC can break the current resistance at $82, we can see a push up towards $90 and $100, and from there, we can see a huge upward push towards $120. Failure to break the current resistance can pull LTC price back towards support 1 at $70 and support 2 at $60.
ETH/USD- Price Prediction
Ethereum had an impressive run and is now approaching the 1.618 fib point at $530. The risk to reward for shorting here will be much higher. Unless $530 is flipped to support, we can see a pull back on ETH price towards $487, $443, $400, and a potential drop towards $363. If ETH can clear $531 and consolidate above, only then will we be able to see a push above towards $635 with intermediate targets at $560 and $590.
LINK/USD- Price Prediction
LINK has managed to regain the support at $13.70, which signifies that a move towards $14.90 and $16 is possible as long as LINK manages to stay above the support of $13.70. Failure to hold the support of $13.70 could drop LINK price down towards $12 and $10.80.
Images courtesy of TradingView.
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