Bitcoin cash price is trading nicely above the $182 support area against the US Dollar.The price is facing a couple of important hurdles near the $198 and $204 levels.There is a declining channel or a bullish flag forming with resistance near $192 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could decline a few points before a fresh increase above the $198 resistance area.Bitcoin cash price is trading in a positive zone above $182 and $180 against the US Dollar....
Read More »Tron CEO Justin Sun Gives Greta Thunberg a Lot of Money
Justin Sun – CEO of TRON – is never one to shy away from the press, whether the news emerging be negative or positive. The man appears to believe that all press is good press, and now he’s making headlines with his $1 million donation to Greta Thunberg.Sun: I’m a Lot Like GretaThunberg first rose to prominence in August of 2018 when she organized a student protest outside Sweden’s parliament. Her issue? That politicians weren’t doing enough to thwart the effects of climate change.Since then,...
Read More »Litecoin (LTC) Price Analysis: Risk of Additional Losses Below $40
Litecoin price is struggling to stay above the $40.00 support area against the US Dollar.LTC price is likely to accelerate its decline if its breaks the $39.00 support area.There is a key bearish trend line forming with resistance near $41.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair might recover once it climbs above $41.50 and $42.00 in the near term.Litecoin price is showing a few bearish signs against the US Dollar, similar to bitcoin. LTC price remains...
Read More »Lael Brainard Doesn’t Seem to Trust Libra
Lael Brainard – the Federal Reserve governor – is back in the news. This time, she’s attacking the cryptocurrency project Libra, and to be fair, she’s not the only one.Brainard: Can We Trust Libra?Libra has been very controversial since it first emerged last June. Many have had mixed to negative reactions towards the cryptocurrency, claiming that it cannot be trusted given that it’s a subsidiary of Facebook, a social media conglomerate that has been attached to several scandals over the...
Read More »Bitcoin Price Analysis: BTC Primed For Fresh Increase Above $7,400
Bitcoin price failed to test the $8,000 resistance and declined below $7,500 against the US Dollar.The price is now trading above the key $7,060 and $7,000 support levels.There is a key bullish trend line forming with support near $7,160 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to bounce back as long as it is above the $7,000 support area.Bitcoin price is approaching a couple of important uptrend supports against the US Dollar. BTC remains well...
Read More »Hassan Rouhani: All Muslim Regions Should Utilize a Single Cryptocurrency
Hassan Rouhani – the president of Iran – has suggested that all Muslim nations should come together and utilize a single cryptocurrency as a means of standing against U.S. sanctions and “manipulation.” He also suggested that relationships built through cryptocurrencies could potentially bring all participating nations closer together.Rouhani: Crypto Can Unite Us AllRouhani spoke at a recent summit in Kuala Lumpur – the capital of Malaysia – and commented:In the past, Prime Minister Tun Dr....
Read More »The Overall Value of Ripple Has Exploded Thanks to a New Funding Round
Ripple – the third-largest cryptocurrency by market cap – has allegedly completed a funding round in which the company got its hands on $200 million. This takes Ripple’s net value to a whopping $10 billion.Ripple Is Heading to the TopThe round was led by Tetragon, an investment company stationed in New York. Other companies to take part in the event include Japan’s SBI Holdings and the venture capital firm Route 66 Ventures in Virginia.Ripple head honcho Brad Garlinghouse comments:We are in a...
Read More »Tron (TRX) Price Analysis: Key Support Nearby, Can Bulls Bounce Back?
Tron price started a fresh decline after it failed to surpass the $0.0160 resistance against the US Dollar.TRX price is now trading well below the $0.0142 and $0.0145 resistance levels.There was a break below a major bullish trend line with support near $0.0140 on the 4-hours chart (data feed via Bitfinex).The bears are likely to gain momentum if there is a clear break below the $0.0132 support.TRON price is showing a few bearish signs against the US Dollar and bitcoin. TRX price remains at a...
Read More »Ethereum Price Analysis: Here Is Why ETH Is Still Struggling
Ethereum price is facing a strong resistance near the $135 and $140 levels against the US Dollar.ETH price is under pressure and it might struggle to stay above the $125 support.There is a major bearish trend line forming with resistance near $134 on the 4-hours chart (data feed from Coinbase).The price remains at a risk of further losses unless it surpasses $134, $135 and $140.Ethereum price is facing a couple of key hurdles against the US Dollar. ETH/USD is trading above $125, below which...
Read More »Stellar Lumen (XLM) Price Facing Significant Hurdles Near $0.050
Stellar lumen price started an upside correction from the $0.0420 support area against the US Dollar.XLM price is currently trading above $0.0450, but there are many hurdles near $0.0500.There is a significant bearish trend line forming with resistance near $0.0500 on the 4-hours chart (data feed via Kraken).The pair could restart its decline if it fails to stay above the $0.0450 support area.Stellar lumen price is slowly correcting higher against the US Dollar, while bitcoin is rallying. XLM...
Read More »