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📈 Price Predictions
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Top 5 Price Predictions BTC, ETH, XRP, LTC, EOS — Expect Breakouts and Fails

Top 5 Price Predictions BTC, ETH, XRP, LTC, EOS — Expect Breakouts and Fails
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

The crypto market is a genuine rollercoaster: some currencies stream up, others take a nosedive, and so on. What to expect from the top cryptocurrencies this year? Let’s read price predictions for BTC, ETH, XRP, LTC, and EOS — five leading crypto assets that comprise a portfolio for the vast majority of traders. Find out which of top crypto assets are great for long-term holding, and which should be used for trading and gaining instant profit this spring.

Bitcoin – Another bottom is inevitable

If we look at Bitcoin’s recent performance, we see that since March 17th, 2019, Bitcoin has been moving within an ascending triangle. This is a bullish pattern which promises continued price increases for BTC. BTC will continue moving within this triangle, but let’s not exclude the risk of price volatility — falls and rises are expected to happen within the pattern. Sooner or later, BTC should break out of the resistance and soar to the moon.

Bitcoin price chart – RSI indicators
Bitcoin price chart

To make our BTC price prediction, we can use the RSI indicator — the financial index which calculates the size of the price fluctuations in order to determine oversold or overbought conditions in the market. During 2015 correction (January 14), the lowest RSI value recorded was 23. In the current correction, the lowest RSI recorded was also 23, which took place on November 20, 2018.

Subsequently, it gives the idea that in terms of both value development and the RSI, the present adjustment is reflecting the pattern developing besides the 2013 correction.

Based on the RSI fluctuations, we believe that the BTC cost will make another bottom around $3,000 by the beginning of September 2019.

From the December 6, 2013 high, it took 625 days for the BTC cost to bottom out on August 17, 2015. If we apply a similar pattern and timeframe to the 2017 adjustment, the BTC cost is expected to make a bottom close to $3,000 on September 4, 2019. That validates the RSI-based predictions.

To predict a possible BTC cost toward the end of 2019, we consider that there’ll be 119 days between Sept 4 and Dec 31, 2019. Judging by the previous pattern and logic, we get BTC price of $7,000 by the end of 2019.  

Ethereum: Hope dies last

For Ethereum’s price prediction, we’ll also take the RSI index. For Ethereum's 2015 price correction, the lowest RSI value recorded was 25. It lasted only several weeks before price bottomed out.

Ethereum price chart
Ethereum’s RSI has fallen to a previous 22-25 level

RSI of 25 was also noticed on Dec 2, 2016 — three days prior to the 2nd bottom. Likewise, a somewhat lower RSI of 22 was seen on Dec 12, 2018 — just six days after the third bottom.

This gives us a hint that RSI achieves the same low levels between 22-25 prior to or after Ethereum bottoms out after a huge long haul downtrend. After these lows were achieved, we saw costs rising after new heights were reached.

This gives us three reasons to be sure that ETH is now on an upward pattern that will lead it to higher highs in the long run:

  • Ethereum's cost is currently ascending after reaching the higher bottom than the previous one on  March 16, 2019.

  • A low RSI was witnessed amid this third bottom — similar to what was seen during the other two bottoms.

  • Ethereum has not yet achieved a high higher than the past high.

There are a few minor differences, but they don’t matter much. In this case, the low RSI happened after the bottom, not before — as it was amid to previous bottoms. This time, RSI was lower than usual.  

In light of these examples, a fourth bottom isn’t expected until the third ascent tops. When that happens, expect a reversal to a low higher than $74.

On Jul 3, 2017 — 213 days after the $5.70 low in December 2016 — Ethereum cost $244 (it means 1800% profit for traders). Accordingly, if we apply a 1800% increase, ETH should cost $1,400 by the end of the year.

XRP – Partnerships are to drive Ripple growth

Although Ripple seems to be stuck in the channel holding around $0.31-0.32, the crypto community believes in its potential. We have mentioned that Ripple $10 price might be hard to reach by the end of 2019 — Ripple must have a huge market cap for that.

But what about the $5 threshold? Is it possible for Ripple to overcome it?

Numerous specialists from the crypto field from various sources — for example, fxstreet, express.co.uk, investingpr — made their own Ripple value forecasts, in which they expressed that XRP can triple its value or achieve an estimation of $3-$5 before the year is over.

As for Ripple’s price, forecasts are $100 or even $20 (which would mean 5300% profit for traders), which is very unlikely for any market. However, the crypto community admits that “Ripple is the Blockchain or crypto company with the highest potential in the world”, so there’s nothing that is impossible.

Some of the predictions say that XRP coin may come to a $3 edge, which seems to be a more realistic approach. As more investors and organizations start using Ripple to digitize the exchange of money, there is huge developing potential for this monetary system, which makes XRP a standout amongst the best cryptos to invest resources in 2019.

We’re witnessing massive XRP adoption:

With so many positive changes, Ripple promises to triple its price during 2019 or reach even higher highs.

While claiming that Ripple will reach $1.2 is too conservative, $2-3 seems to be a more or less viable prediction. 225-400% profit for current investors is the average rate we expect.

Litecoin – There’s nothing impossible

Litecoin is one of the 'unforeseen' coins we have. It made some advances during 6 years of its existence, but it’s not enough. Litecoin’s growth cannot be compared with the development of different coins like BTC and BCC, nonetheless, as an altcoin, it carries out its role of Bitcoin’s alternative.

Litecoin has all chances to reach $80-100 by the end of 2019, which would mean 100% profit — it’s a very realistic prediction. It’s not impossible to reach the price of $200, either.

EOS – Potential finally realized?

So far, EOS is one of the most underestimated cryptocurrencies around. Even in the most pessimistic case, EOS must be $20 in 2019, however, it can possibly be a lot higher. So, what might happen this year?

  • The market can increase fourfold ($150B - > $750B).

  • As more STOs and ICOs are entering the market, both Bitcoin and Ethereum will decrease market caps by 15%.

  • BTC and ETH might lose some fraction of their price giving way to altcoins.

  • EOS might reach top-3 cryptocurrencies by market cap and be about $70 per one EOS coin.

Yet, $70 per coin by 2019 may appear to be insane and doubtful. Several things should happen for EOS to reach such a height.

First, new cash needs to enter the market, particularly from China and financial institutions. So as to draw in new cash, Chinese and US governments should introduce official regulations for crypto. EOS needs to develop a larger community than Ethereum and different contenders that hold control over a larger part of the market.

2018 was a tough year for cryptocurrencies, but in 2019, the crypto market stabilizes. In fact, we shouldn't expect mind-boggling profits like 4000% or higher. However, moderate income will come to traders who can wait.

This spring, the above-mentioned top-5 cryptocurrencies are expected to break resistance and reach new highs (it particularly concerns Ethereum and Ripple). Keep an eye out for patterns and technical indicators to be able to predict minor price fluctuations. If you're a long-term holder, it's the right time to invest in XRP, ETH, and LTC.

Disclaimer: The opinion expressed here is not investment advice — it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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📰 News
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Ripple's XRP Is in for ‘Explosive Growth’, Prominent Venture Investor Tim Draper Says

  • Yuri Molchan
    📰 News

    A Bitcoin bull and investment guru Tim Draper predicts the calm before the storm for the XRP price, as “to call Ripple developers actions wrong is impossible”

Ripple's XRP Is in for ‘Explosive Growth’, Prominent Venture Investor Tim Draper Says
Cover image via en.wikipedia.org

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

When asking a question about when XRP is going to hit its quickest high profits in the quora.com forum, a user gets a reply from Tim Draper himself, who says that the XRP price is about to experience an ‘explosive growth’.

Tim Draper is pumping XRP

Tim Draper, a prominent venture investor and a Bitcoin bull, seems to be excited by the current Ripple expansion. Judging by his words, he is predicting the XRP to soar in the short term, calling it the calm before the storm or ‘explosive growth’, putting it a different way.

Tim Draper says:

“Looking at the three-time growth of Bitcoin over the past 5 months, one would expect a similar result from XRP.”

XRP should have already grown beyond $0.6 or even $0.9 by now, says the crypto investor, when talking about the results of recent Ripple’s expansions and the partnerships the crypto unicorn has initiated lately.

“The company is actively developing, expanding the sphere of influence, enlisting the support of large financial institutions and constantly improving the technology of transfers.”

Finally, he states:

“In addition, Ripple is owned by SBI, a large corporation with companies such as R3. Everything indicates that the current situation, only the calm before the storm, in our case, before the explosive growth.”

👉MUST READ

Ripple Opens New Office in the Heart of Washington, DC, to Educate US Lawmakers

Ripple Opens New Office in the Heart of Washington, DC, to Educate US Lawmakers

Ripple expands to Washington, D.C.

Previously, U.Today reported that the crypto giant has decided to expand its presence to Washington, D.C., to be closer to regulators, as per the CEO Brad Garlinghouse, and educate them on crypto and the blockchain.

He stated to Forbes:

“We’re focused on maintaining a dialogue with Washington regulators and policymakers and being a resource to the Hill allows us to be easily accessible at all times.”

Apart from extending its arms to Washington, Ripple has joined the Blockchain Association.

 

What is your bet on the price moves XRP is going to take in the near future? Share your view in the comments section below!

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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