Bitcoin, Ethereum and Litecoin – American Wrap: 8/24/2020

Bitcoin Price Prediction: BTC Bulls Claw Background, $ 12,000 within an impressive range

Bitcoin (BTC) bottomed at $ 11,370 on August 22 and resumed recovery towards $ 12,000. At the time of writing, the first digital asset is changing hands at $ 11,800, having gained nearly 2% on a daily basis. Although critical resistance remains unbroken, bullish momentum could gain traction later in the day as the coin moves within the strong bullish trend amidst low volatility.

Ethereum Market Update: ETH transaction fees retreat from all-time high

Ethereum (ETH) jumped above the psychological $ 400.00 to trade at $ 407.00 at press time. The second largest digital asset with current market capitalization of $ 45.5 billion has gained more than 4% since the start of the day amid strong bullish momentum caused primarily by a combination of technical factors.

Litecoin Price Analysis: LTC / USD Resumes Recovery, Bulls Target at $ 70.00

Litecoin (LTC) has gained over 5% in the past 24 hours, trading at $ 62.47 at press time. The seventh largest digital asset with current market capitalization of $ 4.00 billion was one of the best-performing coins in the top 10 on Monday as the upward momentum took hold since the weekend. The currency dipped to psychological $ 60.00 during the early Asian hours before the recovery resumed.

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