Crypto news

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Perhaps somewhat expected, the volatility has returned to the cryptocurrency market, albeit event-driven. The ongoing turbulence is caused because the United States Bureau of Labor Statistics released the CPI numbers. CPI stands for Consumer Price Index, and it’s the most common gauge for the current rates of inflation in the US. The Consumer Price Index is used to measure the average change over time in the prices that urban consumer pays for a market basket of goods and...

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EOS price started a fresh decline from the $1.20 resistance against the US Dollar. The price is now trading just above $1.10 and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $1.18 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $1.10 and $1.12 resistance levels. EOS price is struggling below $1.20 against the US Dollar, similar...

Litecoin is facing a major resistance near the $55.00 zone against the US Dollar. LTC price is now trading below $53.50 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $53.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a steady upward move if it clears the $53.50 and $55.00 levels. Litecoin price is struggling below $5 against the US Dollar, similar to bitcoin. LTC...