Altcoins

ADA price gained traction and rallied above the $0.1000 resistance against the US Dollar.The price traded to a new monthly high at $0.1065 and settled above the 55 simple moving average (4-hours).There was a break below a major bearish trend line with resistance near $0.0860 on the 4-hours chart (data feed via Kraken).The price is currently correcting lower, but dips are likely to find support near $0.1000 or $0.0950.Cardano price is trading in a positive zone above $0.1000 against the US...

Ethereum price started an upside correction from the $313 swing low against the US Dollar.ETH price is currently struggling to clear the $365 resistance and trading just above the 55 simple moving average (4-hours).There was a break below a key ascending channel with support near $354 on the 4-hours chart (data feed from Coinbase).The pair could accelerate further if it breaks the $350 support level in the near term.Ethereum price is declining and trading below the $355 support against the US...

Stellar lumen price is currently correcting higher from the $0.0668 low against the US Dollar.XLM price is currently trading above the $0.0720 resistance and the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance near $0.0740 on the 4-hours chart (data feed via Kraken).The pair could accelerate higher once it clears the $0.0760 and $0.0800 resistance levels.Stellar lumen price is showing recovery signs above $0.0720 against the US Dollar,...

Ripple price is recovering nicely above the $0.2400 and $0.2420 resistance levels against the US dollar.The price is now trading nicely above $0.2420 and the 55 simple moving average (4-hours).There was a break above a key bearish trend line with resistance near $0.2435 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could continue to rise above the $0.2450 and $0.2500 resistance levels in the near term.Ripple price is showing positive signs above the $0.2400...

Over the past few days, Live Bitcoin News has discussed the fact that India may be entering its second crypto lockdown. This time, however, regulators are looking to do more than just ban regular banks and financial firms from doing business with crypto enterprises. They’re looking to ensure nobody – and we mean nobody – can ever trade, buy or sell digital currency units again.India Is Turning to DeFi for Its Crypto NeedsThey’re talking about an entire bitcoin ban. At the time of writing,...

Bitcoin cash price is currently recovering from the $200 support zone against the US Dollar.The price is facing a few important hurdles near $220 and the 55 simple moving average (4-hours).There is a connecting bearish trend line forming with resistance near $218 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either rally above the $220 resistance or reverse back towards the $200 handle.Bitcoin cash price is holding the key $200 support zone against the US...

EOS started a fresh decline after a close below the $3.000 support against the US Dollar.The price is trading well below the $2.600 support and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $2.550 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could correct higher, but upsides are likely to face hurdles near $2.550 and $2.600.EOS price is back in a bearish zone below $2.500 against the US Dollar, similar to...

Litecoin price extended its decline below the $46.00 support zone against the US Dollar.LTC price traded as low as $41.69 and settled well below the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $46.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to face a strong selling interest near the $46.00 and $46.50 levels in the near term.Litecoin price is currently trading in a bearish zone below the $46.00...

In a recent report on stablecoins, the European Central Bank (ECB) questioned the accuracy of their name arguing that it may be misleading to users. The paper also highlighted that stablecoins could have a significant role in a digital economy if adequately regulated.The Name Stablecoins May Not Be A Proper Fit: ECBWhether they are backed by a fiat currency like the US dollar or commodities such as gold, stablecoins were created to provide a “stable” alternative to the highly volatile...

The Office of the Comptroller of the Currency (OCC) is turning out to be the greatest supporter of the US cryptocurrency industry.Yesterday, the banking regulator issued a letter that greenlighted national banks and federal savings associations to hold “reserves” on behalf of stablecoin issuers. The stablecoins in the discussion are fiat-collateralized, i.e., backed by the US dollar or fiat currency of any other nation.US Banks Allowed To Hold Reserve Funds For Stablecoin IssuersOn Monday,...