Stellar lumen price topped near the $0.0888 area and declined heavily against the US Dollar.XLM price broke a few key supports near $0.0800 to enter a bearish zone.There was a break below a major bullish trend line with support near $0.0752 on the 4-hours chart (data feed via Kraken).The pair even broke the $0.0700 support area and it is currently consolidating losses.Stellar lumen price is trading in a bearish zone against the US Dollar and bitcoin. XLM could continue to move down if it...
Read More »Ripple Price Analysis: XRP Starts Strong Corrective Decrease Below $0.30
Ripple price topped near the $0.3480 area and started a strong decline against the US dollar.The price is down more than 15% and broke the $0.3000 support area.There was a break below a key bullish trend line with support near $0.2885 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair tested the $0.2680 support area and it is now showing a few bearish signs.Ripple price started a strong bearish wave from well above $0.3400 against the US Dollar. XRP price is now...
Read More »Bitcoin Cash Analysis: Can The Bulls Overcome $500?
Bitcoin cash price rallied above the $440 and $450 resistance levels against the US Dollar.The price traded as high as $487 and it is currently consolidating gains.There is a key rising channel forming with support near $460 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could continue to rise above $485 and $490 in the coming sessions.Bitcoin cash price is trading in a strong uptrend above the $450 level against the US Dollar. BCH/USD must stay above $450 to...
Read More »Is Libra Responsible for Bitcoin’s Latest Price Boost?
As we’ve all seen over the past month or two, bitcoin has completely revamped itself and is now trading for well above the $10,000 range. Many people attribute this spike to many things, but one individual believes hype surrounding Libra has a lot to do with bitcoin’s recent good fortune.Libra Could Be Behind Bitcoin’s Sudden SurgeTo be completely fair, it’s not necessarily Libra itself, but rather words regarding Libra that have led to bitcoin’s growth. Vijay Ayyar – head of business...
Read More »EOS Price Analysis: Rally Could Extent To $7.00 or $7.50
EOS price is surging higher and it broke the $5.000 resistance level against the US Dollar.The price traded to a new 2020 high at $5.517 and it is currently consolidating gains.There is a major bullish trend line forming with support near $5.100 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to continue higher towards the $6.000 and $6.500 resistance levels.EOS price is gaining bullish momentum above the $5.000 resistance against the US Dollar, similar...
Read More »Litecoin (LTC) Price Analysis: Larger Rally To $100 Seems Possible
Litecoin price is climbing higher and it recently climbed above the $80.00 resistance against the US Dollar.LTC price traded to a new 2020 high at $84.51 and it currently consolidating gains.There was a break above a major ascending channel with resistance near $80.70 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher above the $85.00 and $88.00 resistance levels in the near term.Litecoin price is gaining momentum above $80.00 against the...
Read More »Cardano (ADA) Price Analysis: Bulls Aiming $0.08 or Higher
ADA price is gaining pace above the $0.0620 resistance area against the US Dollar.The price recently broke the $0.0650 level and it could continue to rise in the near term.There is a major bullish trend line forming with support near $0.0610 on the 4-hours chart (data feed via Kraken).The price is likely to surpass the $0.0700 resistance and continue higher in the near term.Cardano price is trading in a strong uptrend above $0.0600 against the US Dollar, similar to bitcoin. ADA price could...
Read More »U.S. Vows to Spend Billions to Potentially Counter China and Its National Digital Currency
With China set to release its new digital version of the yuan, the country’s national fiat currency, the U.S. has sworn to boost its technology and artificial intelligence spending to ensure it’s able to counter the nation’s attempts and keep itself in a competitive position.China Could Be Pushing the U.S.’s ButtonsThis could mean working harder to ensure a digital currency for the U.S. As it stands, things like Libra and even bitcoin (BTC) have regulators on edge and split right down the...
Read More »Tron (TRX) Price Analysis: Bulls Eyeing Next Bullish Break
Tron price jumped above $0.0200 and traded to a new 2020 high at $0.0237 against the US Dollar.TRX price is currently correcting lower and trading nicely above the $0.0205 support area.There is a major contracting triangle forming with resistance near $0.0220 on the 4-hours chart (data feed via Bitfinex).The bulls are likely to aim a fresh upside break above the $0.0220 and $0.0230 resistance levels.TRON price is trading in a strong uptrend against the US Dollar, similar to bitcoin. TRX price...
Read More »Ethereum Price Analysis: ETH Correcting Lower, But Uptrend Intact
Ethereum price traded to a new 2020 high at $231 and recently corrected lower against the US Dollar.ETH price is currently trading below the $225 and $224 support levels.There is a key bullish trend line forming with support near $206 on the 4-hours chart (data feed from Coinbase).The price is likely to bounce back after it completes the current correction near $213 or $206.Ethereum price is trading nicely in an uptrend above $200 against the US Dollar. ETH/USD is currently correcting lower,...
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