Shiba Inu, Bitcoin and Litecoin – European Wrap 22 July

Shiba Inu price is currently experiencing a pullback after failing to set up a higher high. While this is demeaning in the short term, it does not impact the bullish outlook negatively.

Bitcoin price has shown a sign of life after a massive downtrend that pushed it below $30,000. After briefly spending time below the psychological level, BTC has bounced back, and altcoins like Ethereum and Ripple have followed it.BTC/USDT 12-hour chart

Litecoin price and other cryptocurrencies got a lift from the positiveness that reemerged in markets after the sell-off last Monday. A few tweets from Elon Musk and Jack Dorsey helped to put the spotlight back on cryptocurrencies. Buying LTC now means that you need to be aware of a looming bull trap with Litecoin still under pressure from a downward technical play.

LTC/USD daily chart

 

 

 

 

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