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Cryptocurrency Price Analysis: Market remains stable. BTC, XRP, ETH, LTC, Saturday June 16

16 june 2018, 12:35 Vergil Younge

Bitcoin

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:

Cryptocurrency Price Analysis: Market remains stable. BTC, XRP, ETH, LTC, Saturday June 16

Ethereum

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:

Cryptocurrency Price Analysis: Market remains stable. BTC, XRP, ETH, LTC, Saturday June 16

Ripple

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:

Cryptocurrency Price Analysis: Market remains stable. BTC, XRP, ETH, LTC, Saturday June 16

Litecoin

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:

Cryptocurrency Price Analysis: Market remains stable. BTC, XRP, ETH, LTC, Saturday June 16

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Please remember that investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops.We do not encourage our readers to any kind of behaviour or financial decisions. We believe that everyone should make their own and in depth research on the particulat topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, other experts and community discussions, yet they cannot be considered any type of financial advise. 

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