Litecoin price is currently consolidating losses above the $45.00 and $46.00 support levels against the US Dollar.LTC price is currently testing the $49.20 resistance level and it is well below the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $49.25 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair must break the $49.50 and $50.00 resistance levels to move into a positive zone.Litecoin price is currently...
Read More »This Support Level is Critical for XRP, What’s Next? (Ripple Price Analysis)
XRP saw a small 2.5% price increase today as the support at $0.236 continues to hold firm.The coin is trapped between $0.228 and $0.236 for the past 4-days of trading.Against Bitcoin, the 100-days EMA continues to show its strength as the bears fail to close beneath it.XRP/USD – Bulls Vehemently Defend $0.236 Support.Key Support Levels: $0.236, $0.22, $0.216.Key Resistance Levels: $0.244, $0.25, $0.264.After dropping from $0.3 earlier in the month, the bulls managed to defend the support at...
Read More »Bears Appear Strong as XRP Drops Below $0.24 (Ripple Price Analysis)
XRP fell by a steep 16.8% over the past week as the coin reached $0.234 today.XRP continued its decline as it broke beneath the strong support at $0.237.Against Bitcoin, XRP dropped below the 100-days EMA today.XRP/USD – Bears Push Toward .618 Fib SupportKey Support Levels: $0.228, $0.22, $0.216.Key Resistance Levels: $0.24, $0.246, $0.25XRP had a disastrous first week in September as it rolled over from above $0.3 to reach the current $0.233 level. During the decline, it initially managed to...
Read More »Ripple Price Analysis: Risk of More Downsides Below $0.228
Ripple price started a strong decline from well above the $0.2750 level against the US dollar.The price is currently trading well below the $0.2500 level and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $0.2390 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue lower below $0.2280 as long as it is below $0.2450.Ripple price is trading in a bearish zone below $0.2500 against the US...
Read More »Bitcoin Price Defends $10,000 as Market Cap Regains $10 Billion
After a few days of declines, Bitcoin has regained some value and is hovering around $10,500. Most altcoins are also recovering, with the total market gap increasing by $10 billion from yesterday’s bottom.Bitcoin Bounces Off $10KThe bears dominated the cryptocurrency field in the past few days. Bitcoin dipped below $10,000 on two occasions just days after exceeding $12,000. Since the second drop, though, BTC has displayed signs of recovery and is currently trading around $10,500.From a...
Read More »Bitcoin (BTC) Price Sees Rapid Retracement as Market Experiences Sell-Offs
While BTC has dropped in both its price and market cap, other top cryptocurrencies including Ethereum (ETH), XRP, and Litecoin (LTC) are amongst others.The price of Bitcoin (BTC) has seen rapid retracement in the past days as the entire cryptocurrency market was caught in a sell-off frenzy. Following this sell-offs, the price of bitcoin has broken the $10,000 support level and it traded at $9,990 in the early hours of Friday.The generally observed Bitcoin (BTC) price has made two extreme...
Read More »XRP Trading Around 0.25%, Price Down Over 4% but XRP Found Foothold for Recuperation
After lengthy falling, on Friday, September 4th, XRP price started to restore but now the coin is trading near $0.2500 USD.By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.On D1, XRP demonstrates a correction in an uptrend. The pair is heading for 50.0% Fibo, which means the asset keeps accumulating power for further growth. However, the trading XRP price might still break away 50.0%, so that the aim will move to 38.2% Fibo and the lower border of the ascending channel. On the MACD2, there...
Read More »Bitcoin Crashing $1500 In 48-Hours: $40 Billion Evaporated From The Total Market Cap
It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along.Bitcoin Plummets Below $11KIt’s safe to say that the cryptocurrency market has seen better days as the blood bath that started yesterday has just intensified: Bitcoin was trading at $11,400 after recovering some...
Read More »Huge Transactions Observed Among Top Three Digital Assets: BTC, ETH and XRP
According to the blockchain transaction details, Ripple moved 1 billion of XRP in three portions. One consisting of 200 million, another consisting of 300 million, and the third one of 500 million.Leading cryptocurrency exchanges including Binance, Coinbase and also OKEx, and one of the biggest industry players Ripple yesterday moved huge amounts of digital assets, which possibly resulted in their 10% drop. During yesterday’s volatility, Bitcoin (BTC) lost approximately $1000 in value,...
Read More »Blood Bath: Total Market Cap Shrunk $23 Billion As BTC Lost 5% and ETH 15%
Over $20 billion of total market cap have disappeared in the past 24 hours as most cryptocurrencies are retracing heavily.Bitcoin lost $700 following a rejection at $12,000, Ethereum drops by 8%, as of now, following a 15% daily plunge at the peak (as of writing these lines).Polkadot becomes the top 5 cryptocurrency, enjoying Chainlink’s 10% loss.Bitcoin Dives By 5%Less than 36 hours ago, Bitcoin attempted another overtaking maneuver to surpass the coveted $12,000 mark. However, the bears...
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