Litecoin price started an upside correction from the $145 swing low against the US Dollar. LTC price is still trading well below $180 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $182 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could fail to clear the $180 resistance and start a fresh decline in the near term. Litecoin price is struggling to clear $180 and $185 against the US...
Read More »Ripple Price Analysis: XRP Tumbles 9% Daily But Is The Selling Over?
XRP/USD – XRP Spikes Into 2020 Highs Key Support Levels: $0.828, $0.8, $0.75.Key Resistance Levels: $0.9, $1.00, $1.05. XRP dropped by a sharp 9% over the past 24 hours as it falls beneath a rising trend line and spikes as low as $0.82 (2020 highs) today. The cryptocurrency started the month of June off by battling resistance at $1.05 (bearish .382). Unfortunately, this level actually formed the upper boundary of an ascending triangle pattern, and the buyers were unable to...
Read More »Bitcoin Price Down to a Two-Week Low as Ethereum Slipped to $2,400 (Market Watch)
After a few days of sideways trading, bitcoin fell hard by losing almost $5,000 of value in less than a day. The rest of the market followed suit as Ethereum slumped by $400 to an eight-day low. Bitcoin Dumped to Lowest Level Since May 24th The past few weeks have been somewhat unusual for the primary cryptocurrency. During the previous weekend, BTC dumped beneath $33,500, but it used the workweek to regain all losses. It failed at breaching $40,000, dropped by a few thousand...
Read More »Bitcoin Slides Below $35,000 as Market Cap Loses $140B in a Day (Market Watch)
Although the weekend started on a positive note for bitcoin, it continued with price slumps, and the asset plunged by about $3,000 in hours. The altcoins are also deep in red, with ETH dumping below $2,700 and BNB beneath $400 – the market cap lost another sizeable chunk of value in a day. Bitcoin Struggles at $36K The workweek was actually going well for the primary cryptocurrency as it was gaining traction and even jumped to a six-day high of $39,500. However, the inability...
Read More »Market Recovery: Bitcoin Eyes $38,000 as Ethereum Touched $2,800 (Market Watch)
Bitcoin has bounced off after the latest negative engagement by Elon Musk and has neared $38,000. Most alternative coins have spiked even harder in the past 24 hours, with ETH trading around $2,800 and BNB surging well past $400. Bitcoin Recovers the Latest Elon Musk Dump After the previous weekend in which BTC dumped below $34,000, the asset performed rather well during the workweek. It was gradually increasing for a few consecutive days and even broke above $37,000. The...
Read More »Crypto Price Analysis & Overview June 4th: Bitcoin, Ethereum, Ripple, Cardano, & Solana
We saw another week of relatively choppy price action as the major cryptocurrencies failed to chart any serious gain. On the opposite – with a few exceptions, most of the coins underwater. Bitcoin Bitcoin is down by a total of 4.7% this week and is trading inside an ascending price channel as it battles to remain above the upper boundary at around $36,600. The cryptocurrency had an interesting week of trading after meeting the resistance at $40,760 (bearish .382 Fib) last...
Read More »Ripple Files New Motion Requesting Potentially Exonerating Documents from Foreign Exchanges
Ripple filed a motion requesting SEC investigate 14 foreign exchanges. The blockchain firm believes that the records held by the international exchanges will prove that its executives did not violate Section 5 of the Securities Act by selling off units of XRP.Chief Executive Officer of Ripple Labs Brad Garlinghouse and top executive Chris Larsen have submitted a request to the US Securities and Exchange Commission (SEC) asking them to investigate iFinex and several other international...
Read More »Biden Administration to Trace Cryptocurrency Transactions to Prevent Ransomware Attacks
The Biden administration plans to enhance cryptocurrency tracking as part of macro endeavors to reduce the pain from ransomware attacks, said the Deputy Press Secretary. The government’s actions come amid several consecutive hacks on US soil. What is Ransomware and US Attacks? Ransomware attacks mean that the perpetrators infiltrate individuals or organizations to encrypt sensible information. By doing so, they cripple the victims’ operations and request some sort of a ransom...
Read More »Litecoin (LTC) Price Analysis: Signs of a Fresh Increase above $200
Litecoin price is showing a few positive signs above the $150 level against the US Dollar. LTC price is now just above the $180 level and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $175 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to start a decent increase if there is a close above $195 and $200. Litecoin price is struggling to gain pace above $190 against the...
Read More »Börse Stuttgart Digital Exchange launcht iOS- und Android-App zum Handel mit Bitcoin
Börse Stuttgart eröffnet Token-Handelsplatz BSDEX Die Börse Stuttgart Digital Exchange (BSDEX) bietet Anlegern als Deutschlands erster regulierter Handelsplatz für digitale Assets künftig auch eine mobile App zum Handel mit Bitcoin, Ethereum, Litecoin und XRP (Ripple) an. Diese steht ab sofort in den App Stores für iOS- und Android-Geräte zum kostenlosen Download bereit. Dabei umfasst die mobile App der BSDEX alle wesentlichen Funktionen...
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