Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin Show Signs of Recovery After Recent Downward Spirals

Following a 72-hour period of descension for most cryptocurrencies, assets such Bitcoin, Ethereum, and Bitcoin Cash are showing signs of potential recovery, while Litecoin and Ripple are taking longer to reascend.

Bitcoin has undergone a rough-and-tumble period since the weekend.

Today the currency has jumped back to the $9,300 mark, and the MIT engineers and Wall Street analysts of Trefis say that based on their interactive Bitcoin Price Estimator, the asset could surpass $15,000 by the end of the year.

The team points to the new Bitcoin futures trading desk from Goldman Sachs as the main reason.

Many analysts - like BBC Apprentice winner and Bitcoin investor Mark Wright - disagree with Warren Buffett's recent criticism of digital assets.

As a longtime opponent of Bitcoin, Buffett has stated he does not hold any cryptocurrency, and that he doesn't understand how Bitcoin works.

"Despite its volatile nature, the cryptocurrency sector has soared in recent years, with experts predicting it will hit a market valuation of $1 trillion by the close of 2018. This figure proves that Buffett is wrong, particularly when one accounts for how the value of bitcoin has developed since 2014 - the time when Buffett first expressed negative opinions on the sector. Despite his years of experience in business, Buffett's comments show a terrible lack of engagement in technology and innovation."

Bitcoin Cash is trading for roughly $1,632 at press time.

For now, support sits at $1,615, suggesting that Bitcoin Cash will remain above $1,600 over the coming days.

At press time, Litecoin is trading for roughly $157. This marks a five percent drop from Litecoin's previous high of $167. Litecoin now sits as the sixth-largest cryptocurrency by market cap behind EOS. The recent introduction of two Twitter campaigns - #PayWithLitecoin and #LitecoinAcceptedHere are designed to build Litecoin awareness and payment systems by the network may help to spike Litecoin's overall value in the coming days, and analyst John Isinge of FX Street believes the currency could jump as high as $180. Market Summary.