Cryptocurrency Price Analysis: Market remains stable. BTC, XRP, ETH, LTC, Saturday June 16
BTC Price Analysis
On June 10th, BTC was trading at $7334, however within hours it fell down to $6784, which shaped the current price as it hasn't been able to get back above $7000 since then. The lowest point was achieved on June 13th, when the cryptocurrency hit the bottom of $6298. Currently, Bitcoin seems to be struggling not to fall any further, which in recent days contributed to a rather stable price at the $6500 range. The price doesn't move too much in both directions and today it may even indicate a small uptrend.
What is interesting about current lows and to show the irrelevance of potential panic is that not longer than two months ago cryptocurrency market has experienced a similar situation. BTC was trading only for $6575 on April 6th for example.
BTC/USD Price Chart, Saturday June 16th:
ETH Price Analysis
On June 9th ETH was trading above $580, while only six days later the cryptocurrency is trying not to fall below $500. In last few days, ETH was trading around $480-$499 range, trying to stay as close as possible to the very important $500 mark. The most notable price spikes happened on June 10th, when the coin dropped from $567 to $512 in a matter of hours, but on the other hand on June 14th the price managed to recover from $470 to $517 very quickly.
ETH/USD Price Chart, Saturday June 16th:
XRP Price Analysis
The week started with XRP trading above $0.65, it has fell down to $0.56 with the whole cryptocurrency market being affected by Bitcoin's price movement. As a whole Ripple token seemed to remain rather stable during this week and hasn't been affected that significantly by red market. The lowest it got was at $0.51 mark and is currently slowly recovering, trading at $0.533.
XRP/USD Price Chart, Saturday June 16th:
LTC Price Analysis
Litecoin has started the week trading above $117, on June 10th it started to falling very quickly and hit the lowest point little above $100. It then recovered slightly and remained above $105 for next day just to fall down to $90 only few days later. However, it didn't stay there long and started recovering very quickly. On June 14th it was already trading above $100 and is currently fluctuating around this range. As of today, LTC is worth $97.
LTC/USD Price Chart, Saturday June 16th:
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