The crypto money exchange is known for its whimsical nature. Following a rally last week, most crypto assets recorded an increase in prices. In this period, Bitcoin, Ethereum and Litecoin saw double-digit prices rising. Although it excited many people, negative emotions began to rise among the analysts as the week progressed.
High sales pressure for Litecoin and Ethereum on the way
The main point being discussed by many people is that although the values of Litecoin and Ethereum have increased, this can lead to higher sales pressure in a very short time. For this reason, experts expect people to soften their optimism for the market and to observe the market trend for a longer period of time.
Ethereum rose significantly from $ 103 a week to $ 123 a week. The Ethereum is expected to pass the $ 125 threshold and continue the status quo by the Analister. Cryptomist, an online crypto money analyst, pointed to the following:
Ethereum targets $ 130. However, the short-term decline, a rising wedge and a wave of decline are coming ’We still believe that we can see the US $ 150 in Ethereum later.
Most analysts think Ethereum price increases will not last long
GeorgeCrypto, another popular crypto money analyst on Twitter, thinks that Cryptomist's view is not a C wholly a price view ’. In addition, the analyst says that the downward pressure in Ethereum is close to 50 percent, and that the time and developments will determine if we will see a drop or a rise in the price.
According to this and similar comments, most analysts believe that the Ethereum price increase will not last long. Moreover, analysts do not keep their hopes high, as sales pressure may want to repress markets. Ethereum, the second largest crypto currency in terms of market value, is trading at $ 123, an increase of 0.63 percent. Ethereum currently has a market value of $ 12.8 billion.
Litecoin slides slowly but sharply downwards
Litecoin (LTC), like Ethereum, has experienced some kind of revival, from $ 32 to about $ 47. However, the price during the week is slow but sharply slipping down. Hsaka, a crypto money analyst who commented on the issue, asked the LTC investors the following question:
Where did the LTC lead the market? At this moment, Litecoin is losing momentum and may fall into a downward trend.
Although Litecoin continues to erase these gains, other digital assets seem to have made better gains. Most of the crypto coins in the first 20 saw small gains. Nevertheless, experts only point out the importance of stability and note that any increase in prices should be monitored carefully. Litecoin, which is the fourth largest crypto currency in terms of market value, has been trading at $ 42.3, an increase of 2 percent. Litecoin currently has a market value of $ 2.5 billion.
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The post Analysts Stimulating for Ethereum and Litecoin: Coming Out of High Sales Printed first on Kriptokoin.com.