Litecoin price is slowly recovering and trading above the $45.00 support zone against the US Dollar.LTC price is currently facing a major hurdle near the $47.00 and $48.20 levels.There is a key bullish trend line forming with support near $45.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to climb higher unless it breaks the $45.00 support zone in the near term.Litecoin price is currently trading in a range above $45.00 against the US Dollar, similar...
Read More »Blocklete Games Joins Hands with BitPay, Says “Yes” to Crypto Payments
Blocklete Games – a virtual sports experience that’s been established utilizing blockchain technology – has announced that patrons can pay for their services and products with cryptocurrency through Bit Pay.Blocklete Says “Yes” to Crypto PaymentsUsers of Blocklete Golf – a subdivision of the platform – can buy and sell digital golfers with Ethereum, bitcoin, bitcoin cash, Ripple or stable currencies. They can also play in various tournaments and win cash prizes. Digital athletes are collected...
Read More »Britain Is Set to Ban All Crypto-Tracking Products
It looks like Britain is set to fall behind when it comes to holding a strong presence in the crypto space. The country’s top financial watchdog announced yesterday that it would be banning the sale of crypto products to all retailers that work to track the prices of well-known digital assets such as bitcoin and Ethereum. The governing body claims that too many people have lost money on these assets, and thus they are dangerous and should not be in commission.Britain Seeks to Ban...
Read More »SEC Sues John McAfee for Phony Crypto Touting
Bitcoin advocate John McAfee – the creator of the world’s biggest antivirus software – has been arrested in Spain. He has been charged with negligence and failing to file tax returns while living in the United States. To add insult to injury, the Securities and Exchange Commission (SEC) is suing McAfee over several phony cryptocurrency giveaways.McAfee Is Facing the DirtMcAfee has been one of the most controversial figures throughout the entire cryptocurrency space. He has often taken quite a...
Read More »Tron (TRX) Price Analysis: Signaling Bearish Continuation Below $0.024
Tron price is trading in a bearish zone below the $0.0285 and $0.0300 resistance levels against the US Dollar.TRX price is now trading well below the $0.0265 pivot and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.0278 on the 4-hours chart (data feed via Bitfinex).The pair is likely to continue lower and it could dive if it clears the $0.0240 support zone.TRON price is currently trading in a bearish zone below $0.0265 against the US...
Read More »Bitcoin Price Analysis: BTC At Risk of a Larger Breakdown
Bitcoin price failed to surpass the $10,800 resistance and declined against the US Dollar.The price is now trading well below the $10,800 resistance and the 55 SMA (H4).There is a major breakout pattern forming with support near $10,540 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to decline sharply if there is a break below the $10,540 and $10,500 support levels.Bitcoin price is currently showing a few bearish signs below $10,700 against the US...
Read More »Yield Farming Is Taking the Crypto Space By Storm
2020 has been a big year for bitcoin in many ways. It made people finally realize just how strong the asset can be considering it survived the drops it incurred thanks to the COVID spread. People began to view it as a “safe haven” asset that could potentially be utilized to keep one’s wealth stable during inflation and times of economic strife. 2020 also introduced us to the concept of yield farming, which is a new bitcoin-based “pastime” that is really taking the world by storm with its...
Read More »Romania Will Host Its First Bitcoin Auction
Another bitcoin auction is in the books. This time around, the auction will take place in the country of Romania, a first for the European nation.Romania Is Having Its First Bitcoin AuctionRomania’s National Agency for the Management of Seized Assets will be responsible for finding a buyer for the small amounts of bitcoin and ether it will be looking to sell off. The money was taken following a fraudulent money scheme. Roughly 0.97 of ether is available for purchase, while more than 1,670...
Read More »Bitcoin Volatility Has Reached a New Low
The volatility of bitcoin has fallen to a new low, according to both charts and analysts alike. Overall, the currency’s volatility has dropped to its lowest point in 23 months and has fallen by approximately 43 percent over the past week.Bitcoin Volatility Reaches a New BottomThe data is there in that all one needs to really do is look at the present price of bitcoin and its recent patterns. For one thing, the currency has remained above $10,400 for the past several days. $10,400 was...
Read More »Cardano (ADA) Price Analysis: Fresh Rally Likely if it Clears $0.10
ADA price is showing positive signs and trading above the $0.0950 support against the US Dollar.The price is facing hurdles near $0.1000, and testing the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.1000 on the 4-hours chart (data feed via Kraken).The price is likely to rally and accelerate higher if it clears the main $0.1000 resistance.Cardano price is recovering and approaching a major breakout against the US Dollar, similar to...
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