Litecoin failed to clear the $145 resistance and corrected lower against the US Dollar. LTC price is now trading below $132 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $125 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $125 and $120 support levels. Litecoin price is struggling below $132 against the US Dollar, similar to bitcoin. LTC...
Read More »Ryan Reynolds Believes Crypto Is Emerging as a Huge Player
Hollywood actor Ryan Reynolds believes that the cryptocurrency universe is developing as a “huge player.” However, he did not reveal whether he had allocated some of his wealth into the asset class. Reynolds Acknowledges Crypto With the rising popularity of bitcoin and the altcoins, the list of celebrities displaying their support towards the sector is constantly growing. The latest example is the renowned Canadian actor Ryan Reynolds. In a recent interview for Bloomberg...
Read More »Tron (TRX) Price Analysis: Bulls Aim More Upsides
Tron price started a decent increase above the $0.0620 level against the US Dollar. TRX price is now trading below $0.0680 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0650 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move up if it stays above the $0.0622 support zone. TRON price started a fresh increase above $0.0650 against the US Dollar, similar to bitcoin. TRX price could rally...
Read More »US Lawmaker Unveils a Draft Bill Focused on Stablecoin Regulations
Josh Gottheimer – a member of the Democratic Party – revealed an early draft of legislation regarding stablecoins. Many critics claim that such financial assets undermine the monetary network and are often used by bad actors in criminal activities. Enhanced Rules for Stablecoins Over the last couple of years, some stablecoins such as Tether and USD Coin have become some of the largest digital assets by market capitalization, utilized by countless traders. Those two have a...
Read More »Cardano (ADA) Price Analysis: Key Hurdle Near $1.10
ADA price declined below $1.12 and $1.10 against the US Dollar. The price is now trading below $1.10 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1.095 on the 4-hours chart (data feed via Bitfinex). The price could start a steady upward move if there is a clear break above the $1.10 resistance. Cardano price is struggling below $1.20 against the US Dollar, unlike bitcoin. ADA price could start another...
Read More »Ethereum Price Analysis: ETH Eyes Fresh Increase Above $3,100
Ethereum price started a fresh increase from the $2,850 zone against the US Dollar. ETH price is now trading near $3,050 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $2,910 on the 4-hours chart (data feed from Coinbase). The pair could continue to rise if there is a clear move above the $3,100 resistance. Ethereum price is showing positive signs above $2,900 against the US Dollar. ETH/USD might rally further if...
Read More »Valliance Bank Partners With Bakkt to Enable Cryptocurrency Exposure
Digital asset platform Bakkt Holdings has teamed up with Valliant Bank, an institution that provides financial services, to bring a seamless crypto experience to the bank’s customers. According to a press release on Monday (February 14, 2022), Valliant Bank would enable customers to easily buy, sell, and hold bitcoin (BTC), ether (ETH), and other altcoins within the bank’s digital banking infrastructure via the Bakkt crypto connect solution. Bakkt’s program, which is...
Read More »Stellar Lumen (XLM) Price Turns Bearish Below $0.2200
Stellar lumen price started a fresh decline from well above the $0.25 zone against the US Dollar. XLM price is now trading below $0.2200 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.2200 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a clear move below $0.2050. Stellar lumen price is trading in a bearish zone below $0.2200 against the US Dollar, similar to...
Read More »Ripple Price Analysis: Key Support Nearby, Approaches Breakout
Ripple price started a fresh increase above the $0.80 zone against the US dollar. The price is now trading above $0.7500 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.8200 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if it clears the $0.8200 resistance level. Ripple price is trading in a bullish zone above $0.7000 against the US Dollar, like...
Read More »Ethereum Fees Have Not Been This Cheap Since October of 2021
Cryptocurrency fans may celebrate the entry of their favorite tokens into the mainstream audience thanks to the impact of the Crypto-Bowl. Still, Ethereum lovers have one more reason to rejoice, as trading ETH hasn’t been this cheap in months. This phenomenon extends to L2 solutions as well, with almost all of the most popular infraestructures hittting less than $1 on average to send ETH and between $0.31 and $2.18 to swap tokens —a more complex operation— according to L2Fees...
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