Litecoin is a first-generation cryptocurrency that is often seen as a good alternative to Bitcoin, as a result, the two coins have a close correlation. When Bitcoin rallies, Litecoin follows close by and vice versa. In fact, the LTC is currently in a consolidation phase because Bitcoin has found some resistance at the highest level since last week. Turning to...
The daily chart shows that in late July, the Telcoin broke above a descending trend line at $0.2240 on its way to $0.0298. However, the trend breakout failed to attract follow-through buying, and as a result, TEL is retesting the trend, now at $0.0198. Currently, the trend support is holding up, and TEL has managed to bounce 14% to $0.0238. The tightly grouped 50...
While Dogecoin remains above the support level at $0.2500, it has lacked enough bullish momentum to retest the psychological level of $0.3000. In the ensuing sessions, Dogecoin price will likely bounce back to and beyond the resistance level of $0.3000. DOGE is hovering around 0.2800 as has been the case since Sunday. On a four-hour chart, it is trading along...
Ethereum price has begun the new month on a high after breaking out of the range that it has been in the previous month. It has hit the resistance level at $3,500 for the first time since mid-May. In the new month, ETH will likely record further gains by moving past the psychological level of $5,000 to retest August’s high. Mostly through August, ETH traded...
Atom( Cosmos ) is a blockchain project that was built to address some of the challenges facing the cryptocurrency industry. Among these challenges are scalability and increasing the speed of throughput. The Cosmos price is scorching hot today as demand for the coin rises. The ATOM price jumped to the highest level since May even as other cryptocurrencies paused....
Ever since the middle of the week, bitcoin’s price has been on a roll for most of the time. It recovered thousands of dollars in days and reached $40,000 on Thursday. In the following days, bitcoin reclaimed $40,000, but this time kept climbing. The leg up resulted in reaching $44,000, which became the highest price tag in almost three months since the mid May...
ETH’s upper sloping trendline extended from the 19 May decline and highlighted the formation of lower highs. The turning point came when ETH rose above this trendline on 26 July, something that allowed the price to snap away from its downtrend. Higher peaks soon followed which affirmed a strengthening market. The next target for ETH now lay at its 26 May high of...
Over the past 2 weeks, the 25MA has held support for LUNA. This can be referenced over the coming days as a break below this MA along with the bottom trend of the channel, will likely trigger a short-term downtrend. For LUNA price to continue pushing, it must break & HOLD its major resistance zone found at $14.50-$15.00. This will set LUNA up to hit its next...
The Ripple price has been under pressure in the past few days. The XRP price is trading at $0.7150, which is about 8% below the highest level this month. The coin has a market capitalization of more than $33 billion and is the sixth-largest coin in the world. Ripple had a relatively good month in July. It initially declined by more than 21% in the first three...
After hitting as high as 42,600 on 1 August, Bitcoin prices could not proceed further, putting a pin in the balloon of traders holding bullish Bitcoin price prediction bets. The corrective move is said to have liquidated nearly 358K positions at a price of just over $37,500. Tuesday’s move marks the 4th day of Bitcoin prices ending up in the red, but the price...
The price of Bitcoin is in a two-month-long consolidation. It just hovers above $30,000, unable to break and hold below, but also unable to bounce from support. One may want to avoid the lengthy consolidation and wait for the market to move first. Bulls may have a case if the price of Bitcoin bounces above $40,000 and closes there on a daily basis. On such a move,...