.png){kind=logo}
Crypto markets have started this week on a bearish footing, where most of the coins have been posting a decline over the last 7 days. Today, the market has crashed by over 2% for the past 24 hours of this writing. Therefore, the selling pressure has started building up ahead of the FED meeting.
Among the top coins that crypto investors are concerned about this month are Litecoin (LTC) and Bitcoin (BTC). These are coins that have been largely affected by previous bearish markets, and more so when FED adjusts the ratings upward. Bitcoin has been one of the most affected by the inflation reduction moves by the FED.
So, what can Litecoin (LTC) and Bitcoin (BTC) holders expect this week? Well, here are how these coins might perform this week:
The Bitcoin price has been plummeting for the last few days, and if the hawkish FED will maintain an upward adjustment of the inflation rates. Therefore, bitcoin might decline below $19k for the next few days. Therefore, if the market responds to the hawkish FED with selling pressure, then we are likely to see Bitcoin decline this week. However, if the market remains calm, then Bitcoin is going to remain stable this week.
Like Bitcoin, Litecoin (LTC) is also expected to post a decline this week as a result of the hawkish FED. The release of the minutes has already plunged the crypto market, and Litecoin is one of the coins affected today. Litecoin was already 2.6% down at the time of this writing. If the rates rise, we will likely see the Litecoin (LTC) price decrease rapidly.
Although Bitcoin (BTC) and Litecoin (LTC) might post a decline this year, crypto experts are saying that Bitgert (BRISE) and Centcex (CENX) might be the coin to watch. These are coins that have been doing very well over the last few weeks.
The price prediction for the Bitgert (BRISE) this week is a 15% rise. This is looking at the performance that Bitgert has been posting in the past bear markets. The price growth will be driven by many other factors, including the products and projects that the Bitgert team is building.
The Centcex (CENX) coin price prediction this week is10%, which is bigger than Bitcoin and Litecoin growth. Therefore, Bitgert and Centcex are coins worth looking at this week.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
