Cryptocurrencies Price Prediction: Litecoin, Bitcoin & Ripple – Asian Wrap 07 March

Litecoin price dipped below the $100 mark on Thursday, losing 22% in the past week as markets reacted to updates to US trade tariffs and speculation surrounding White House Crypto Summit to be held on Friday. With LTC traders mounting additional short leverage positions, LTC faces further downside risks.

Bitcoin price dipped 5% to hit $85,000 on Monday, as skittish sentiment around US Trade policy and Non-Farm Payrolls data introduced fresh volatility ahead of the White House Crypto Summit. However, a recent Bitcoin Strategic reserve announcement from Trump’s Crypto Czar David Sacks could spark more gains. 

Ripple’s XRP managed to record gains on Thursday despite investors expanding their total realized profits to about $2 billion since the beginning of the week. Several XRP investors resumed distributing their holdings following its recent rise. Investors booked over $700 million in profits on Wednesday, stretching the total realized profits since the beginning of the week to nearly $2 billion.