Bitcoin, Litecoin and Shiba Inu – European Wrap 21 February

Bitcoin price has retraced after failing to make it over a crucial hurdle. The downtrend was cut short, though, due to the presence of a demand zone. A bounce off this zone is likely to provide Ethereum, Ripple and other altcoin traders a brief opportunity to go long.

Litecoin price set a higher low as it dipped inside a demand zone, indicating that the bullish outlook is intact. Going forward, investors can expect LTC to climb higher as the crypto markets flip bullish.


LTC/USDT 4-hour chart

Binance Custody announced the addition of new cryptocurrencies to its managed assets, providing greater security to investors. Shiba Inu price exploded shortly after the announcement, fueling a bullish narrative for the meme coin’s price among traders.