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Litecoin (LTC) Core 0.17 will make it x10 cheaperFollowing our previous idea on Litecoin, where Blockstream announced about the LTC potentially joining the Liquid network, now there are even more good news. Litecoin client release is on its’ way, which was announced on the official Medium blog page of the Litecoin Foundation. LTC Core 0.17 will introduce a faster and cheaper Litecoin, with a very low transaction costs, which can be compared of that in 2015. Below is the quote of the official announcement: "The average transaction fee as it stands on the network is L0.001 per KB or ~$0.05. With the announced changes that will soon become L0.0001 per KB or ~ $0.005, half a cent and back at 2015 levels." This is huge for the Litecoin, because transaction costs will be literally reduced by x10. It’s actually almost inline with the recent Monero announcement, where they recently reduced the transaction cost by 97%. The reaction to the news announcement was taken very positively by the market. You may ask how come?; LTC hasn’t gained much, in fact, its moving very slowly! But let’s take a closer look at the price development. According to our previous idea on LTC/BTC, Litecoin has reached the support level at 427.2% Fibonacci retracement level, rejected it and started to move north. By looking at the chart, it is clear that LTC/BTC has produced a double bottom near the etc 0.007 area. After the price bounce, it reached the and broke move the 23.6% fibonacci resistance, which currently acting as the support. The RSI oscillator trigged a buy signal while breaking above the downtrend trendline. So far price action is being very positive, while showing the potential for more growth. As long as Litecoin remains above the 0.00795 support, bullish momentum should be increasing. At some point price will reach the 0.008 resistance area, and if broken, next stop will be near btc 0.009. But in any case, investors will be paying attention to the etc 0.0076 support, where double bottom has been formed. If support will be taken out, LTC can drop down to 0.0073 area. Nevertheless, the timing for buying LTC could be just about right for some investors. And combined with a relatively cheap price, large buyers might start getting involved in LTC trading. As the downtrend is dominated, the risk will remain very high, although the rewards could be much higher. Please do not consider this article as a call to buy LTC, but look at it as a map, which may help you to trade Litecoin more effectively.
by CryptalDash
Monero transaction cost went down by 97%After the recent Monero upgrade, mentioned in our previous idea, XMR transaction cost went down by 97% That is extremely positive news for Monero, which by now, should have already been digested by the market. But at the same time, Bitcoin downtrend could have affected the price of Monero, holding it back from the potential growth. Maybe, after BTC price will find the support, stabilizes or reverse to the upside, XMR will enjoy a fast and strong recovery. Investors should pay attention to the current price of Monero as it sits right on the support, failing to break below. Currently XMR is trading near very important physiological support, that is $100. Not only it's a round number, but also a Fibonacci level - 61.8% and $88.6%. It makes it a very strong level, that will not be left without massive attention. Investors are likely to watch the low produced on the October 12, which is $99.55. Daily break and close below, will substantially increase the risk of further downtrend. In that case, price can reach next support at $90. On the upside, if support will continue to be respected by the market, Monero should reverse to the upside, or at least continue the consolidation. Strong resistance is located at $115 area, which is 61.8% Fib resistance level, that goes along with the high trade volume price. Break above $115 should invite more buyers and price can reach the $125 resistance. All in all, Monero remains a very attractive coin, especially considering the fact that price remains above the $100 mark. Nevertheless, there was no confirmation of the uptrend, thus making it a risky short-term investment.
POLONIEX:XMRUSD
by CryptalDash
Dash integration with Uphold might not safe it from freefallDash is a privacy-based coin, which is one of the top 15 cryptocurrencies based on the market capitalization. Last week - on October 23, 2018 - during Money 20/20 conference held in Las Vegas, Dash (Digital Cash) has announced the integration into the Uphold. Press-release: www.dashforcenews.com Uphold is a leading digital money platform that is providing financial services. Members of the platform can perform instant transactions between each other completely free of charge. Now, after Dash integration, Uphold users can buy and sell Dash with a credit card or a bank transfer, directly through the Dash wallet wallet. This shows that Dash aims to increase the usability and popularity of the coin, by making it more accessible for an average person. Some could make a conclusion, that more users equals higher price. This could be true in most case, however there are some points worth looking at. Dash is a privacy-based coin, and governments don’t particularly support “hidden transaction”. Private transactions mean that payments can be maid for goods and services, while Government will have absolutely no record of them and therefore no taxes will be collected. At this stage of the cryptocurrency adoption, it seems that legalization and government support is extremely beneficial for any coin. To the contrary, isn’t cryptocurrency meant to be private in the first place? On the other hand, there always will be those, that wish to stay in the dark, however, this don’t seem to be at the same scale as if government would support it. Certainly there is a use-case, but the question remains; how big? Getting to the price action, after the Uphold integration announcement, Dash has gained 5.7% the same day. Price went up from $154 to $163 were it bounced off the 23.6% Fibonacci retracement level, along the mid trend line of the descending channel. Market reaction to the news wasn’t very positive to say the least. After the bounce price went down and rejected the 78.6% Fibonacci support. The rejection was very clean, disregarding the fact that afterwards there was spike below that level - $150. This is also a round physiological price, that together with Fib level makes it a very strong support level. DASH/USD bounced off resistance as well as support, indicating on the range trading, in other words consolidation and/or accumulation phase. It might be a short or mid-term consolidation, but market will be expecting a breakout in anyway. Currently, short-term downtrend has high probability of continuation as Dash remains below the 200 moving average and rejected the midline of the channel along with Fib resistance. If it breaks and closes below the recent low at $147, next support at $140 is likely to be tested. Break below the $140 level, might push buyers to liquidate their coins, resulting in a stronger drop in price. Then price can be expected to test a $100 support, which seems to be the key level in the long run. Now lets consider the scenario where uptrend will dominate. First of all, Dash must break above the $163 resistance level, which might be the first signal of bullish momentum. Next upside target is located at $$188, that is 61.8% Fibs, where highest trade volume has been recorded recently. Overall, there is no clear short term trend and price can be expected to consolidate. Waiting for price breakout and looking for extra confirmations could be the way to go with Dash.
POLONIEX:DASHUSD
by CryptalDash
2
Market simply ignores Ripple’s rapidly growing adoptionOver the past few months Ripple has enjoyed a series of positive news. Most of them were around the XRapid, that is faster and cheaper payment solution. With xRapid, money can be transferred between banks almost instantly, with XRP cryptocurrency being intermediary. Funds can be transferred with the local currency and then exchanged to the XRP, that is before sending them to any country though Ripple blockchain. Then funds are exchanged to the local currency. This type of money transfer would be at least 70% cheaper than a regular bank transfer and would be executed almost instantly. This could make Ripple the most used currency for transfers between banks, therefore resulting in XRP mass adoption and increase in price over short to medium term. The most recent news announced on the October 4, is that Japanese Bank Consortium launched an app that uses Ripple for instant domestic bank transfers. This is another great news for XRP, which is likely to attract millions of users worldwide. And finally, Singapore-based Paycent has made an announcement that they will add XRP, making their uses able to withdraw fiat currency from the ATMs in the beginning of November. Truly, a very positive fundamental news, but it seems that market is simply disregarding them completely. After Ripple has topped out on the September 21, investors started to dump the XRP coin. Today it is traded at $0.46 that is 40% cheaper than one month ago. Currently the downtrend still seems to be valid as price produces lower lows and lower highs. Nevertheless, the support was found at $0.38, which is 50% Fibonacci retracement. After the bounce price went up, and bounced off the 61.8% Fibs at $0.53. At this time, XRP/USD is trading near the 200 Moving average, which is being rejected so far. This could result in the short-term growth. Although for the price to establish an uptrend, $0.53 resistance area must be broken. As the trend is bearish, the probability of a price decline remains very high. If $0.43 support will be broken, XRP should go down to next support at $0.38. Break below $0.38, might send Ripple much lower, potentially towards the 13 August low; $0.24 support area. In a nutshell, short term is down and Ripple might lose another 50% to the USD. However, investors might get attracted if $0.53 resistance area is broken. In this case trend should become bullish, sending price to the next resistance at $0.7. Support: 1. 0.43 2. 0.38 3. 0.24 Resistance: 1. 0.53 2. 0.70
POLONIEX:XRPUSD
by CryptalDash
5
Cardano will supported by Trezor hardware wallet.Cardano accumulation is coming to an end Several days ago, on the October 23, Charles Hoskinson ( Input Output hong Kong co-founder) twitter an announcement. It the twit he stated that by the end of the month Cardano will be supported on Trezor hardware wallet. The steps that Cardano is making towards the funds security seems very reasonable. This way ADA holders can get more sense of security for the invested capital, thus inviting large investors into play. The interesting fact is, that on Tuesday, when the announcement was made, Cardano has tested $0.074 low. This is the 61.8% Fibonacci retracement level that has been rejected cleanly. Throughout this week price has been ranging between $0.077 and 0.074 support level, which was rejected 3 times already! Currently, price is trapped in the triangle pattern, failing to break either above the downtrend trend line and below the uptrend trendline. The RSI oscillator is trading within the descending channel, and the break above might be the first bullish signal for ADA/USD. Second confirmation to look for is the break and close above the $0.0775, which might push price up to the «high volume» resistance at $0.0835 and potentially to $0.1 physiological resistance confirmed by 127.2% Fibs. Considering the fact that the RSI is trending down and that ADA stays below the 200 Moving Average, the probability of the ADA dropping more down remains high. Break and close below the current support area, might seem like invitation to sell ADA at least for the short term. Buyers should be looking at the $0.067 and $0.060 levels, which might seem a lot more attractive comparing to the current price. The battle between bulls and bears is obvious, and who will be the winner is yet to be decided by the market. The Cardano accumulation might have come to an end, and it just a matter of time before it breaks out.
BINANCE:ADAUSD
by CryptalDash
Power Ledger’s AGE token- Renewable Energy Investing RevolutionYesterday, Power Ledger has introduced Asset Germination Events via Twitter: twitter.com Asset Germination Events is a Power Ledger’s token (AGE), which aims to offer a way for anyone to invest in renewable energy generation. Currently, someone with less than USD 2,500,000 can’t get his own wind farm or a solar farm. This makes an average, or in other words retail investor, unable to participate in high-value assets investment. But what are the benefits for the POWR token holders? According to the Power Ledger’s announcement, POWR token will be a priority access mechanism for AGEs, while offering a discount during AGEs. Additionally, Power Ledger should be using the management fees for administering an asset portfolio, to fund POWR buyback and burn program. While the energy market is always of high demand, POWR token holders in the future might enjoy the benefit of participating in the alternative energy investment, previously unavailable to the average person. Power Ledger is planning to pursue this goal while being fully regulated in Australia. It is not a short or an easy task, but if they will manage to succeed in Australia, perhaps they can do the same worldwide. It's time to look at the market reaction after such an ambitions announcement… POWR bottomed out on the September 12, along with most alt coins. Price has reached $0.12 low, and on the September 22 reached $0.22 high, resulting in a 85% growth. Although it failed to break above the descending channel and also rejected the 23.6% Fibonacci retracement level at $0.2. Up until now, POWR/USD continues to trade below the resistance. Today its trading at the 200 Moving Average, that clearly representing the support. Since yesterdays’ announcement, no drastic actions were taken by investors. Such a calm reaction is not necessary a bad thing, since the MA support is being respected. If POWR manages to stay above and break the $0.2 resistance, further price increase can be expected. Next resistance level is seen at 50% Fibs, that is $0.28. If broken, price should rise further, towards the 78.6% Fibs at $0.37 area. In any case, while POWR remains below the resistance, trend is considered to be bearish. Break below the Moving Average might lead to the price drop towards the $0.16, $0.14 or even the new lower low at $0.09. Certainly an interesting time for the Power Ledger…
BINANCE:POWRUSD
by CryptalDash
ZCoin released "fair" Proof-of-Work algorithmToday ZCoin announced the release of Merkle Tree Proof, a new Proof-of-Work algorithm which will be activated on the December 10. This POW is designed to fight against cryptocurrency mining centralization like ASIC farms. The aim is to level the playing field between people with huge amount of computing power (such as mining farms) and those with little power. This, obviously, might help ZCoin to get less centralized increasing the demand and popularity of the coin, resulting in the increase in price. Currently ZCash is trading near btc 0.0015 support, where it is forming a double bottom. Yet the double bottom pattern hasn’t been confirmed as the break below is still possible. However, the RSI oscillator shows bullish divergence, suggesting a potential upside move. If price will remain above the 0.0015 support, ZCoin is likely to move upwards and should be reaching 61.8% Fibonacci. This is btc 0.0038 resistance level, and if XZC will rise that high, the result will be a 160% gain over the Bitcoin. However, break below the support could have a negative affect on the XZC/BTC, obviously making it much riskier investment. All-in-all, fundamental news are positive and ZCoin might be the coin of interest in the coming days/weeks.
X
by CryptalDash
QUTUM partners with Amazon as Trade Volume goes ballistic Yesterday, on the 17 October, QTUM has announced a partnership with Amazon Web Services (AWS). The goal of this partnership is to establish Blockchain-as-a-Service (BaaS) through AWS. This partnership could be huge for QTUM as AWS users as well as developers will be able to develop and run smart contracts through Amazon Machine Image. These services will be focused primarily on creating the bases for enterprise-grade solutions, an identified need within the BaaS model of AWS enterprise customers. As know, QTUM has a hybrid platform, which can merge a bitcoin alike blockchain with the Ethereum Virtual Machine. This certainly will make it much easier to build dApps on a wider scale. “Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise,” said Qtum Co-Founder Patrick Dai. However, rumors are; what if this partnership is simply overhyped, and in reality means that Tron (QUTUM is a brainchild of Tron) is purchasing could computing power from Baidu? Well, the day of announcement, QTUM made a 16% gain over the Bitcoin, with the huge spike in volume, which might indicate the starting point of recovery after the massive selloff. Nonetheless, price didn’t manage to break above the btc 0.000650 resistance, that is a 361.8% Fibonacci retracement level. While the daily close remains blow, QTUM/BTC uptrend expectations might be a little premature. If/when the resistance is broken, price should be able to reach the key resistance level at btc 0.001120, which is simultaneously a 38.2% and 525.2% Fibs. Only clean break above the key resistance shall indicate on the beginning of a longer-term uptrend. Yet, price remains under selling pressure, even after the QTUM announcement of the Amazon partnership. Does it suggest that such a ground-breaking partnership doesn’t mean much for investors? Only time will tell, but if price breaks below the btc 0.000523 low, tested on the 15 October, the bearish trend will likely to continue, down to either btc 0.000374 or 0.000228 support level. Support: 1. 0.000541 2. 0.000374 3. 0.000228 Resistance: 1. 0.000651 2. 0.000881 3. 0.001120
by CryptalDash
Bear flag/bull flag tug of war morphs into descending wedge.What at first seemed like a 4hr chart bear flag with a 2hr chart bull flag inside of it has now morphed into a descending wedge style bear flag which, although bear flags tend to break downward in a downtrend a descending wedge has a tendency to break upward. Factoring these things in with how long we have been consolidating without being able to get under the red fib line and the impending "Major Announcement" from coinbase COO on CNBC's Fast Money, we seem to be finding a base for btc that depending on the announcement could see us going up from here....so for now I will switch to neutral until we hear what the outcome of this announcement is....the set up of this wedge could lead to an upward breakout. The stock amrket is suffenly super healthy as well and the crypto market has been kind of moving in a similar current to that recently. So be prepared to watch for this announcement and do your best not to fall victim to speculation.
BITFINEX:BTCUSD
by DrDovetail
1
TNB - Announcements and 1200% potential? The idea of BITFINEX:TNBUSD is to help establish a time-value transmission network which embraces payment flexibility and pricing transparency. Just before few days twitter.com published "Participation of the first fans meeting at MiaoA reached 3094 in 2 hours. The total sales volume worths 66820830 TNB. " Which is something that I find very interesting since this is only one celeb, imagine what more celeb's can do. Also it had announcment " ENT and TNB Release Strategic Partnership Announcement " - twitter.com That is another good thing, looking at the chart, this coin has found a good support ( although right now all alt-coins are affected by BTC movement ), I really think this coin is worth the investition. The market cap of TNB right now is 178 Millions which is too small, 2 Billion of market cap looks pretty possible to reach in the next few months.
TLong
by S-Axiomatic
EMC2 Bullish Breakout! Possible Moon to EMC3 with Announcement!!What's going on guys, adding another take on EMC2 with its recent bullish divergence. After the short BTC rally yesterday which drove altcoins down, EMC2 bottomed on the 8,200sats and very quickly bounced to 12,300sats. On this chart I'm displaying the bigger story on a 1Hr chart favouring the most supported trend lines for a confirmed breakout. On the SHORT it needs to break above the triangle up and hold on the 12,300sats target. If it can do that then we can expect something good before the major news to be announced. In most cases, a formation like this may lead to it going sideways for a while, but with all the hype in the community and Mind-Blowing news fast approaching this surely is on many peoples radars at the moment so I wouldn't be surprised if this jumps pass the resistance targets and moons again. BUY the Rumour, SELL the News! My Trade Idea: BUY: Below 11,000sats Target 1: 15,900sats Target 2: 18,800sats. SELL: 25% proportions as it could go further. Stop loss: 9,900sats PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice! SOURCE: www.emc2.foundation twitter.com
Short
by Benjiman7953
14
STRAT Its a Breeze. FullNode Alpha Release + ICO Platform ComingHey Guys, depending on the market conditions over the days I have an optimistic coin thats looking promising for this month as well as for the long-term. The powerful and flexible Blockchain Development Platform STRAT has been performing relatively well over the week, and has been getting more and more attention since its release of the Stratis Breeze Wallet & MASTERNODES! They appear to be on top of their Q4 Roadmap and their next big announcement will follow on Monday releasing their full blockchain implementation in fullnode in alpha. Oh, and don't forget they have an ICO Platform Release by EOY. SHORT Trade Idea: BUY: Under 52,000sats Target 1: 68,000sats Target 2: 80,000sats SELL: 25% proportions as it could go further Stop loss: 47,000sats (strong support at 42,000sats incase Bitcoin rallies) PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice! SOURCE: twitter.com stratisplatform.com medium.com Namaste!
SShort
by Benjiman7953
STRAT Its a Breeze. FullNode Alpha Release + ICO Platform ComingHey Guys, depending on the market conditions over the days I have an optimistic coin thats looking promising for this month as well as for the long-term. The powerful and flexible Blockchain Development Platform STRAT has been performing relatively well over the week, and has been getting more and more attention since its release of the Stratis Breeze Wallet & MASTERNODES! They appear to be on top of their Q4 Roadmap and their next big announcement will follow on Monday releasing their full blockchain implementation in fullnode in alpha. Oh, and don't forget they have an ICO Platform Release for iOS by EOY. SHORT Trade Idea: BUY: Under 52,000sats Target 1: 68,000sats Target 2: 80,000sats SELL: 25% proportions as it could go further Stop loss: 47,000sats (strong support at 42,000 sats incase Bitcoin rallies) PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice! SOURCE: twitter.com stratisplatform.com medium.com Namaste!
SShort
by Benjiman7953
EMC2 Get Ready! HARD FORK, COIN BURN & MIND-BLOWING ANNOUNCEMENTWhat's Going on Guys, I got an EMC2 update for you all: If you were one of the lucky ones to get in November and held your EMC2 coins you certainly would be feeling that 10x High (actually 40x with your initial investment considering the BTC rise). EMC2 showed a very strong upward trend during all the volatility recently and I believe it has serious potential to rally toward the previous target of 22,500sats. Taking a look at the chart we can see that after reaching ATH the dumps were picked up very quickly on the support lines I've marked in bright green. This to me signals a correction to the previous trend line which sat around the 0.618 Fib. My Trade Idea: BUY: Now or at 13,000sats Target 1: 16,300sats Target 2: 18,100sats. Target 3: On your own! SELL: 25% proportions as it could go further. Stop loss: 11500 sats. IMO this is a pretty good hype considering the potentiality of the news on Dec 17th and also that the history has shown EMC2 continues to beat expectations. Should there be some unexpectations in the market then it may drop around the 12,000sats. FIRST CHART here so please do share your thoughts below, and I will be happy to reply! My aim is to post SHORT charts that have huge potential ahead while keeping the analysis simple and direct. Don't forget to Like and consider a Follow :) PLEASE NOTE: Consider all trades with caution and only invest what you can afford to lose as cryptocurrency is highly unpredictable. Take profits and Invest in yourself. You can afford it, trust me. This is not Investment advice! SOURCE: www.emc2.foundation coinmarketcal.com twitter.com Namaste!
Short
by Benjiman7953
4
OKCash Possible Breakout of Falling WedgeOKBTC may have just broken out of a falling wedge coinciding with a bounce off a fib level (50%). This coupled with the upcoming birthday announcement could mean OK may retest earlier highs. Like most new events in crypto, this will probably be a sell the news situation where we will see accumulation until the announcement is made. Entry: < 5600-5700 TP1: 6000 TP2: 6500 TP3: 7000 Target: 8000 MOON: >9000 (in the event of spectacular news...)
Long
by myceliium
3