Crypto Price Predictions: Will Litecoin, Bitcoin Cash & Tron Survive the Crash?

• Cryptocurrency prices plunged to their lowest level in months after the collapse of Silvergate Capital and Silicon Valley Bank’s parent company.
• In this article, we will make predictions for Litecoin, Bitcoin Cash and Tron.
• All indications are that the bank’s shares will continue dipping on Friday which can lead to a further decline in cryptocurrency prices.

Crypto Price Plunge

Cryptocurrency prices have nosedived over the past few weeks following the collapse of Silvergate Capital and near-death experience of Silicon Valley Bank’s parent company, SVB. The most affected coins include Bitcoin, Ethereum, BNB Coin and Cardano which have all dropped by more than 10% in just a few days. This plunge has left many investors worried about their assets as it seems to be an indication of what is yet to come.

Litecoin Price Prediction

Litecoin price has dropped significantly over the past five straight days reaching its lowest level since January 1st 2021. This decline happened after the coin formed a head and shoulders pattern which is usually seen as a bearish sign. The coin has also moved below all moving averages and key support at $73.31 while becoming extremely oversold with RSI and Stochastic Oscillator dipping lower than usual. It is expected that Litecoin will continue dropping during the weekend depending on how America’s job numbers turn out as well as performance of SVB’s parent company on Friday. If this happens then Litecoin may fall to about $60 or lower mark making it one of the worst performing coins during this period.

Bitcoin Cash Price Prediction

Bitcoin Cash price was not left behind in the crypto sell-off with it dropping significantly like other coins in recent times. It has formed a bearish trend line which indicates more drops ahead if nothing changes drastically with its price movements over time being revealingly similar to that of Litecoin’s price movements during this period suggesting they are highly correlated during these times of uncertainty in crypto markets due to external factors like economic downturns etc., Being almost at an all time low it might take some time before it starts appreciating again but something drastic needs to happen for that to be possible anytime soon given current market conditions..

How To Buy Litecoin & Bitcoin Cash

When buying cryptocurrencies like Litecoin or Bitcoin cash investors need reliable platforms where they can buy them securely without compromising their funds or personal information since there are numerous scams online when dealing with cryptos nowadays so caution must be taken when doing transactions involving cryptos whether you’re trading them for fiat currencies or exchanging them for other cryptos etc., Some trusted platforms where you can buy these two coins include eToro & Public Investing Platform both offer easy ways for you to purchase these two coins securely alongside others such as XRP etc.,

Conclusion

Crypto markets have been rocky these past few weeks due mainly to external factors like economic downturns affecting traditional markets leading to an uncertain environment for cryptos with many investors cashing out for fear of losing more value given current market conditions so predicting future trends becomes difficult but nevertheless we still see potential gains ahead once stability returns back into crypto markets since digital assets remain resilient despite numerous crashes throughout history staying true testament that they won’t go away anytime soon regardless if we’re in bullish or bearish cycles so investing responsibly is always advised no matter what circumstances you find yourself when dealing with cryptos