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XRP, EOS, LTC, BNB Altcoin Price Prediction - Reasons for a Short-Term Rise

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Sat, 12/10/2019 - 8:30
XRP, EOS, LTC, BNB Altcoin Price Prediction - Reasons for a Short-Term Rise
Cover image via www.tradingview.com

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While Bitcoin has not shown any significant price changes over the last day, altcoins are not losing their chances to rise against the leading cryptocurrency. XRP is the top gainer out of the top 3 coins, its rate has gone up by more than 3% against BTC.

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Top 10 coins by Coinstats
Top 10 coins by Coinstats

The key data of XRP, EOS, LTC, and BNB are looking the following way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

XRP

XRP

$12 026 733 565

0,00003328 BTC

$1 208 217 202

3,22%

EOS

EOS

$2 978 617 555

0,00038021 BTC

$1 344 371 375

1,59%

Litecoin

LTC

$3 605 849 046

0,00678631 BTC

$2 234 408 347

-0,13%

Binance Coin

BNB

$2 657 806 038

0,00204055 BTC

$151 694 468

0,80%

XRP/BTC 

Autumn has started more than positively for the third most popular cryptocurrency. Its rate has soared by almost 40% against BTC since September 17. 

XRP/BTC chart by TradingView
XRP/BTC chart by TradingView

On the 4H chart, XRP keeps located in the ascending channel formed in September. The short-term forecast is bullish against the relatively high trading volume. Thus, the lines of the MACD indicator are looking upward, suggesting the ongoing domination of buyers. 

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TOP 3 Price Predictions: BTC, ETH, XRP — Bitcoin Suddenly Dropped. How Top Coins Should React?

Summing up, XRP is about to achieve the level at 3400 satoshi till the end of October.

XRP is trading at 0.00003298 BTC at press time.

EOS/BTC

Our previous EOS price prediction is coming true, as the coin keeps located between the levels at 0.00037 BTC and 0.00038 BTC. 

EOS/BTC chart by TradingView
EOS/BTC chart by TradingView

EOS has almost won back the lost positions after a drop at the end of September. At the moment, the coin is forming a Triangle pattern with a further rise to 0.0003950 BTC. This level might be reached in a few days. EMA 50 confirms the coin growth, as EOS is located above the Moving Average. Thus, the RSI indicator is also going up.

EOS is trading at 0.0003734 BTC at press time.

LTC/BTC 

Litecoin is trading according to our recent forecast and the current level is not the bottom yet. Sellers are dominating the short and long-term scenarios. 

LTC/BTC chart by TradingView
LTC/BTC chart by TradingView

On the 4H chart, nothing indicates the buyers’ pressure. The trading volume index is declining, confirming the price decrease. Besides, the RSI indicator has reached the oversold area yet which means that the rate can go deeper. In this case, the closest level is the yellow range where the price might reach shortly.

Litecoin is trading at 0.006742 BTC at press time.

BNB/BTC 

Binance Coin might have touched the local bottom and now can show short-term price growth. Its rate has increased by almost 1% over the last day.

BNB/BTC chart by TradingView
BNB/BTC chart by TradingView

The native exchange of the Binance exchange is likely to show a price revival soon. BNB is currently located within the Triangle pattern with a possible breakout upward. The MACD indicator also confirms the bullish tendencies. Respectively, one should expect Binance Coin at the level at 0.0021 BTC until the end of October.

Binance Coin is trading at 0.00202 BTC at press time.

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