Cryptocurrencies Price Prediction: Dogecoin, Litecoin & Cryptos – American Wrap 22 January

Dogecoin price rose 5% on Wednesday to reclaim $0.38 as Donald Trump signed the DOGE department into law. Media reports linking the Dogecoin logo to the official DOGE website sparked bullish speculations that a $0.50 breakout could be imminent. 

Litecoin price slipped toward $117 as a United States (US) court overturned the federal sanctions level against the Tornado Cash cryptocurrency mixing protocol. Will the regulatory clarity surrounding privacy-preserving technologies drive cryptocurrencies like LTC to new peaks in the NEAR term? 

The cryptocurrency market rose 3.5% in the last 24 hours, recovering to $3.63 trillion, having peaked in the last five days. The market’s rapid recovery is indicative of continued interest in risk assets. Despite the day’s rise in altcoins, they remain well below their recent highs, accentuating the performance of Bitcoin, which is close to its all-time highs.