Litecoin has erased its strong monthly gains, with the fifth-largest cryptocurrency by market capitalization sliding lower alongside the broader market. Further losses under the $50.00 level could prompt the LTCUSD pair to fall towards the $44.00 level. Overall, heavy weakness should be expected while the cryptocurrency fails to move away from the $65.00 support...
The number one cryptocurrency, which is Bitcoin fell below $10,000. For the last couple of days, Bitcoin was unable to strengthen its position. During this week, Bitcoin struggled to move higher; as a result, it broke the resistance level and fell to $9,858. At the moment, this is the price of Bitcoin. It is important to mention that the next resistance level for...
Bitfury’s blockchain analytics platform Crystal published a report about the digital currencies on September 12. The Report on International Bitcoin flaws 2013-2019. Analytics platform Crystal analyzed the tendencies regarding cryptocurrency operations and Bitcoin transactions. This report made it easier to understand the trends of digital currencies. According...
The price of cryptocurrencies changed several times on September 11. The digital currency market became more popular around the world. Cryptocurrencies also have some issues, but there are more advantages than disadvantages. The digital currencies won’t be able to replace the traditional currencies. Nevertheless, they are one of the best alternatives on the...
Ethereum appears to have put in a near-term price floor as the second-largest cryptocurrency trades comfortably around the $180.00 level. A potential inverted head and shoulders pattern is building, with the $200.00 level the short-term upside objective. Overall, the ETHUSD pair could start to rally sharply alongside Bitcoin if the cryptocurrency market returns to...
Litecoin is started to grind higher as positive trading sentiment starts to spread through the entire cryptocurrency market space. The LTCUSD pair is increasingly likely to test towards the $80.00 level, although $92.00 is possible if Bitcoin continues to break higher. Overall, Litecoin bulls are showing positive signs that they intend to push the cryptocurrency...
One thing is for sure, this market is brutal. But look at all the gains from 2015-2017! That is INSANE. The cryptocurrency market is still worth roughly 100X what it was at the bottom of the bear market in 2015. And guess what? It's actually still on a long term upwards trend. I actually managed to call the move up towards $300B and above for the market earlier...
The whole Cryptocurrency market is blood shedding following the Tether and Bitfinex saga, Bitcoin and other prominent altcoins endured a loss of as much as $10 billion. While Elastos is currently trading up by 4.10 percent. Elastos using blockchain technology to issue digital content identifiers, which will help identify who owns which digital assets. The...
The cryptocurrency market is growing very fast. At the moment, there are more than 1,000 cryptocurrencies in the world. Some of them are well-known while others are relatively unknown for the crypto community. It is not surprising as the market is evolving every day. A person should devote a considerable amount of time to learn more about the latest trends. One...
Litecoin is still under bearish pressure in early Friday trade after the fifth-largest cryptocurrency looks set to close the month of August heavily in the red. The LTCUSD pair is approaching its bearish target, while the RSI indicator is now oversold on the daily time frame. Overall, the LTCUSD pair is likely to become an attractive short-term buy if the...
Verge (XVG) is a blockchain based state-of-the-art cryptocurrency focused on privacy. The first-ever privacy-centric coin, verge, offers complete anonymity to all its users and tracking the origin or destination of the transaction is impossible. It is an encrypted, open source, decentralized encryption coin with very short turnaround time. It relies on the TOR...
Dogecoin (CURRENCY: DOGE) traded 0.3% higher against the dollar during the 1 day period ending at 18:00 PM E.T. on March 31st. In the last week, Dogecoin price USD has traded 2.1% higher against the dollar. Dogecoin has a total market cap of $248.28 million and approximately $18.69 million worth of Dogecoin was traded on exchanges in the last day. One Dogecoin...
Making money off of any market is as much a matter of timing as it is knowing what you’re investing in and how it turns you a profit. The waters are even murkier when it comes to cryptocurrency investing. Not only are these markets brand new but also they’re hard for the layman to get a grasp on how they function and make money. Of course, if you could predict...
Litecoin is showing a lot of bullish potential so long as it can hold this 61.8 level, which for the time being, seems like the most likely scenario. We can see that Litecoin appears to be consolidating right at this 61.8 level, and with that, building momentum. The 1 day time frame is looking strong on the Macd and we are getting a green bar on the Megalodon...
By now most of you are probably aware of the situation surrounding the stock market. With China manipulating their own currency, and trade wars escalating, along with a yield curve close to inverting... a potential recession is not far off. Now you may be asking... What does this have to do with Bitcoin? Well the global markets act as a lava lamp, The lava...
Looking at our 1 day time frame chart, we can see that Litecoin is sitting right about the 61.8 level on the fibonacci. We can also see that the Megalodon indicator is giving us a buy signal on our shorter time frame chart. It is important to keep an eye on Bitcoin to see what the market as a whole will be doing, but it is certainly not a bad time to be buying...
Supplementing my last post on Bitcoin, we look back at our 1 day time frame, we can see the bullish pennant forming in the chart. Bitcoin is currently holding onto this 38.2 level on the fibonacci, and if we look at our shorter time frame, we are in fact receiving a buy signal from the Megalodon indicator! This is not a bad position to be buying Bitcoin. We...
Ethereum has fallen under the $200.00 level as the entire cryptocurrency market comes under heavy downside selling pressure. The ETHUSD pair may become an attractive buy from current levels, given that the second largest cryptocurrency is technically oversold. Bulls moving in from current levels would need to move price back above the $220.00 level to steady...