Tag Archives: Altcoin News

Litecoin price is currently declining and trading well below $44.00 against the US Dollar.LTC price is likely to continue lower below $41.00 and $40.00 in the near term.There was a break below a major bullish trend line with support near $41.30 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair might find support near $39.50 and start a fresh recovery above $42.00.Litecoin price is struggling to rise above key hurdles against the US Dollar, similar to bitcoin. LTC...

China’s virtual currency – the digital yuan – is set to make its official debut, and many residents and potential users aren’t happy about the way it’s structured.The Digital Yuan Isn’t for SpeculationRecently, the country issued a new law that would allow for the creation of such a coin. China had commented in the past that the digital yuan is designed to assist the nation in competing with Libra, the new cryptocurrency project being set forth by the social media conglomerate Facebook.For...

2019 is coming to an official close, and it’s been a crazy year for bitcoin and its crypto counterparts. In an end-of-year series, let’s examine some of the biggest stories that have occurred over the past 12 months and how they’ll possibly influence the crypto industry’s behavior in 2020.Bitcoin and Its Ongoing VolatilityIt can be argued that 2019 was a year of major volatility for bitcoin. After all, the currency started out at a mere $3,500 – where it remained until April. Bitcoin had...

Tron price is trading above the $0.0130 and $0.0132 support levels against the US Dollar.TRX price is facing a major hurdle near the $0.01388 resistance level.There is a connecting bullish trend line forming with support near $0.0132 on the 4-hours chart (data feed via Bitfinex).The bulls seem to be aiming an upside break above the $0.01388 and $0.0140 resistance levels.TRON price is consolidating above key supports against the US Dollar, similar to bitcoin. TRX price must settle above...

Ethereum price is trading above the $128 and $130 support levels against the US Dollar.ETH price is likely to start another rally above the $135 resistance area.There was a break above a major bearish trend line with resistance near $129 on the 4-hours chart (data feed from Coinbase).The price remains well supported on the downside near the $128 area.Ethereum price is trading above key supports against the US Dollar. ETH/USD is likely to start a new upward move above the $135 and $140...

Over the past year, several nations or banks of nations have come forth and issued plans to create digital currencies that its residents or citizens can utilize to purchase both goods and services. Strangely, the Bank of Korea (BOK) is not one of those regions.BOK: Now Is Not the Time for a Digital CurrencyBOK, despite rumors that the area was looking to establish a stronger presence in the digital currency space through a digitized form of fiat, has come forward to explain that it’s not...

It’s happened again, folks. Another blockchain was ransacked by hackers who have made off with quite a bit of digital money. This time around, the victim is NULS, a token that’s reporting losses of nearly $500,000 at press time due to the hacker activity.NULS: Another Target of ThievesThe NULS team took to Twitter to tell enthusiasts and traders about the trouble they were facing. It appears as many as two million tokens were stolen, which at the time of writing, amount to roughly $480,000....

Not long ago, it was reported that Libra was looking to make a new home in Switzerland. Well, it appears now that even Switzerland is looking down on the project, claiming that it’s not as strong as it should be.Libra and Switzerland Aren’t Friends AnymoreThese words came from Ueli Maurer, the country’s finance minster and outgoing president. He considers Libra something of a failure in its present state and doesn’t believe it can change the monetary system as it is. He also said that it...

Stellar lumen price is currently consolidating above the $0.0450 support area against the US Dollar.XLM price might start a decent increase if it clears the $0.0480 and $0.0500 resistance levels.There is a key bearish trend line forming with resistance near $0.0465 on the 4-hours chart (data feed via Kraken).The pair seems to be forming a strong support base near $0.0450 and $0.0435.Stellar lumen price is sowing positive signs against the US Dollar, while bitcoin is climbing higher. XLM is...

Ripple price is showing positive signs above the $0.1900 level against the US dollar.The price must gain momentum above $0.2000 to start a strong rally.There was a break above a key bearish trend line with resistance near $0.1945 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair remains well bid near $0.1910 and it seems to be setting up for a large rally.Ripple price is trading within a broad range below $0.2000 against the US Dollar. XRP price is likely to surge...