Crypto Bulls Charge: Litecoin, Ethereum & Bitcoin Price Forecasts – Asia Markets Brace for Impact (May 5)
Asian traders eye crypto triple-header as LTC, ETH, and BTC show volatile formations. Will the ’digital gold’ narrative hold or fold? Let’s break down the charts.
Litecoin dances on support – A 10% swing zone emerges as whales test $80 resistance. Meanwhile, Ethereum’s Shanghai upgrade aftershocks linger – gas fees drop but developer activity flatlines. Classic case of ’build it and maybe they’ll come.’
Bitcoin plays psychological games – hovering near $59K like a Wall Street intern afraid to knock on the partner’s door. Mining hash rate hits 18-month high while institutional inflows... wait, where’d the institutions go? (Cue awkward silence)
Pro tip: Watch the Tether premium in Asian markets – when OTC desks demand 3% over spot, you know retail FOMO’s brewing. Just don’t tell the ’stablecoin auditors’ – they’re still looking for those reserves under the couch cushions.
Litecoin ETF has a higher chance of approval: Analyst
Litecoin (LTC) price hovers at $86 during the Asian session on Monday, up slightly on the day even as the wider crypto market consolidates, following April’s recovery. Meanwhile, Bloomberg analyst James Seyffart believes that the spot Litecoin Exchange Traded Fund (ETF) proposal by Canary Capital has a higher probability of approval than other assets.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP bulls turn cautious after rejection at key resistances
Ethereum price faced resistance around the daily level of $1,861 on Friday and declined 1.87% over the next two days. At the time of writing on Monday, it continues to trade down at around $1,795. If ETH continues its pullback, it could extend the decline to retest its psychological importance at $1,700. A successful close below this level could extend the decline to test its next support level at $1,449.
Bitcoin rallies above $97K following a surge in stablecoin inflows
Bitcoin (BTC) rose above $97,000 on Friday as the top cryptocurrency looked set to recover the $100,000 level heading into the weekend. The rise was fueled by increased inflows into the stablecoin market last week, particularly from USDT and USDC, which added $2.5 billion and $1.2 billion to their market caps, respectively.
