Litecoin price declined heavily below $180 and tested $145 against the US Dollar. LTC price is now trading below $170 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $164 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must move above the $175 resistance to start a decent recovery in the near term. Litecoin price is recovering losses from $145 against the US Dollar, similar to...
Read More »Federal Judge Denies Ripple’s Motion To Access The Trading History of the SEC’s Employees
A federal judge in New York has denied Ripple Labs’ motion to order the U.S. Securities and Exchange Commission (SEC) to produce records of its employees’ crypto transactions in an effort to prove that the agency did not consider XRP to be a security. The SEC Wins One Against Ripple According to an official transcript, Ripple filed the request on August 27. Their rationale for the request was that if it were discovered that the SEC employees had traded XRP, it would at a...
Read More »Ripple Price Analysis: XRP Plummets Below $1 as 200-day MA Comes Into Play
XRP/USD – XRP Loses Ground At $1 Key Support Levels: $0.875, $0.8282, $0.8.Key Resistance Levels: $1.00, $1.05, $1.14. Since the early September flash crash, when XRP fell as low as $0.95 from a high of $1.40, XRP had established a solid range between $1.14 and support at $1.05 (.5 Fib Retracement). Over the weekend, the cryptocurrency fell beneath the 50-day MA and tested the $1.05 support again. Today, the 12% price fall caused XRP to break support at $1.05 as it went on to...
Read More »Ripple Price Analysis: Bears Gain Control Below $1.00
Ripple price started a strong decline from the $1.12 resistance against the US dollar. The price is now trading below $1.05 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $1.06 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its decline below $0.9500 as long as it is below $1.12. Ripple price is showing bearish signs below $1.05 against the US Dollar, similar to...
Read More »Bitcoin Maintains $48k Amid Another Minimal Trading Volume Weekend (Market Watch)
Bitcoin neared $49,000 for the first time in over a week but failed to breach it and has returned to around $48,000. Most alternative coins are slightly in red, except for Solana, which has jumped by 4% in a day to above $160. Bitcoin Maintains $48K After the volatile start of the week, in which bitcoin surged by $1,500 and dropped by $3,000 in minutes, the cryptocurrency enjoyed a steady price increase. In a matter of days, it bounced off the $43,300 low reached on Monday...
Read More »Bitcoin at 11-Day High: AVAX Marks Another All-time High (Weekend Watch)
After yesterday’s dump below $47,000, bitcoin has resumed its bullish trajectory by adding $2,000 and nearing $49,000. Most alternative coins have stalled, but not Avalanche. AVAX has registered yet another all-time high, this time above $70. Bitcoin Charts an 11-Day High This week began with enhanced volatility following fake reports claiming that Walmart has adopted cryptocurrency payments for its online services. Bitcoin went up by $1,500 before dumping by $3,000 minutes...
Read More »Litecoin (LTC) Price Analysis: Bulls Aim Rally above $200
Litecoin price declined heavily below $200 and tested $160 against the US Dollar. LTC price is now trading above $180 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $177 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must move above the $196 resistance to start a decent increase in the near term. Litecoin price is showing positive signs above $180 against the US Dollar, similar to...
Read More »Ripple Price Analysis: XRP Rangebound Following Last Week’s Crash, What’s Next?
XRP/USD – XRP Establishes Narrow Range Key Support Levels: $1.05, $1.00, $0.95.Key Resistance Levels: $1.14, $1.17, $1.25. Since crashing from $1.40 last Tuesday, XRP has established a range between $1.05 and $1.14 over the past week. The support at $1.05 is provided by a .5 Fib and is now bolstered by the 50-day MA. The cryptocurrency has dropped numerous times beneath $1.05 but has managed to close each daily candle above that line. On the other side, the resistance at...
Read More »Ripple Price Analysis: Risk of More Downsides Below $1.05
Ripple price started a strong decline from the $1.40 resistance against the US dollar. The price is now trading below $1.20 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.05 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could resume its decline as long as there is no close above the $1.20 resistance zone. Ripple price is showing bearish signs below $1.20 against the US Dollar,...
Read More »Market Watch: Avalanche (AVAX) Explodes 30% to New ATH, Bitcoin Stagnant at $45K
After falling to $44,000 and spiking to $46,000, bitcoin has calmed once again around the $45,000 mark. Most altcoins are slightly in green on a daily scale, but some have charted impressive gains. Avalanche is among those as AVAX has surged by more than 30% to tap a new ATH. ETH at $3,300 as AVAX Marks a New ATH Most larger-cap altcoins have mimicked BTC in the past few days. Ethereum plummeted during the mid-week crash, attempted rapid recovery, but failed to increase any...
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