Please share if you find this article interesting. Litecoin on the Rise, CNBC’s Brian Kelly Includes it in Portfolio CNBC analyst and Fast Money trader Brian Kelly has officially added Litecoin to his portfolio of cryptocurrencies, given its recent surge in value, technological developments, and increasing adoption rate. Litecoin Solidifies Itself as Leading Cryptocurrency Created by Charlie Lee, the former Coinbase director of engineering, Litecoin has served the market as a complementary cryptocurrency to bitcoin. With lower fees and faster confirmation times, Litecoin operates better as a currency for smaller payments than bitcoin. Recently, Steam, the US-based digital distribution platform, removed bitcoin from its platform and integrated Litecoin, due to the complaints from
Please share if you find this article interesting. Bitcoin Outperforms US Dollar and Every Other Reserve Currency Once Again Last year, in 2016, bitcoin outperformed the US dollar and every other reserve currency in the market, including the Japanese yen, South Korean won, and British pound. Bitcoin Outperforms All Stocks and Reserve Currencies This year, bitcoin has outperformed all of the reserve currencies in the global market once again, recording a staggering 2,011 percent increase in value, from $900 to $19,000. Worst performing shitcoin award in 2017 goes to the US dollar. Performance of USD against #Bitcoin throughout 2017: pic.twitter.com/GIvFJr4EFF — Joseph Young (@iamjosephyoung) December 18, 2017 Bitcoin has also outperformed the best performing stocks throughout th
Please share if you find this article interesting. Ethereum Classic Price Technical Analysis – ETC/USD Upside Thrust Key Highlights Ethereum classic price gained a lot of traction and was able to move above $40.00 against the US Dollar. There was a break above a key declining channel with resistance at $34.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is now placed well above the $35.00 support and looks set to gain further in the near term. Ethereum classic price is moving higher nicely against the US Dollar and Bitcoin. ETC/USD is now well above $35.00 and it could move further higher. Ethereum Classic Price Trend There was a decent upside momentum forming above $30.00 in ETC price against the US Dollar. The price gained pace recently and it moved
Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Uptrend Intact Key Highlights Ripple price is moving higher once again and is currently above the $0.7500 support against the US Dollar. This is a short-term ascending channel forming with support at $0.7700 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move higher and it could even break $0.8400 for more gains. Ripple price is gaining pace against the US Dollar and Bitcoin. XRP/USD might continue to gain pace above the $0.9000 level in the near term. Ripple Price Trend It seems like Ripple price has completed a correction wave at $0.7000 against the US Dollar. The price has started a fresh upside wave and moved above the $0.7250 resistance.
Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Burst Above $800 Key Highlights ETH price made a nice upside move and broke the $800 resistance against the US Dollar. There was a break above yesterday’s pointed contracting triangle with resistance at $725 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is heading higher and it might continue to move higher towards the $850 and $900 levels. Ethereum price is surging higher against the US Dollar and Bitcoin. ETH/USD might rocket higher and move toward $850-900 in the near term. Ethereum Price Uptrend There was a solid bullish trend in place for ETH price above $700 against the US Dollar. The price after correcting lower and completing a consolidation pattern above $7
Please share if you find this article interesting. THERE IS A 75% CHANCE OF LTC PRICES TESTING $420 Is there a chance of LTC prices testing $420? Well, it depends on how you look at it. Technically, LTC is reversing from our expected area of support as shown by the Fibonacci retracement levels drawn from last week’s high low. IOTA is also replicating the same set up following that close above the middle BB on December 18. The question now is: Will this continue? What will happen if say IOTA find resistance at $5.56? Do you think this Q3 alt coin rally will continue? What are your thoughts? Let me tell you what I think about these crypto-pairs: NEM SHORT TERM TARGET IS $0.93 BUT PRICE MUST FIRST CLOSE ABOVE $0.80 XEMUSD 4HR Chart for December 19, 2017 It’s no doubt that NEM is ra
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD Breaks Past $2200 Key Points Bitcoin cash price gained heavy momentum and was able to move above $2000 against the US Dollar. Yesterday’s highlighted key bullish trend line with current support at $1850 is intact on the hourly chart of BCH/USD (data feed from Kraken). The pair might correct a few points, but it remains supported above the $1900 level. Bitcoin cash price made a nice upside move above $2000 against the US Dollar. BCH/USD may continue to gain pace and remains a buy around $1900. Bitcoin Cash Price Buy Dips Yesterday, we discussed how bitcoin cash price was preparing for more gains above $1850 against the US Dollar. The price made a nice upside move and traded above the
Please share if you find this article interesting. Bitcoin Price Technical Analysis for 12/19/2017 – Larger Pullback Underway? Bitcoin Price Key Highlights Bitcoin price is still in correction mode, failing to make new highs after bouncing off the trend line support. This signals that buying momentum remains weak and that a deeper pullback might be needed to draw more bulls in. Still, if another wave higher happens, the Fib extension tool shows the next upside targets. Bitcoin price might need a larger pullback before attempting to set new record highs past the $20,000 handle. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA, confirming that the path of least resistance is to the upside. This signals that the uptrend is more likely to continue than to rev
Please share if you find this article interesting. DASH and Litecoin Analysis December 19, 2017 DASH/USD DASH continue to go sideways during the trading session on Monday, as we hover above the $1000 level. At this point, I suspect that the market is trying to build up enough momentum to continue the uptrend, and that the $1000 level should offer support. Buying on the dips continues to be the way forward. LTC/USD Litecoin is rising slightly, but quite frankly at this point it looks like we are spending more time trying to build up momentum to the upside than anything else. A break above the $350 level should send this market much higher, and by the measurement that I am taking, we are looking at a move to $425 level. Pullbacks of this point continue to offer value in a marke...
Please share if you find this article interesting. Ethereum Analysis December 19, 2107 ETH/USD Ethereum continues to go sideways during the trading session on Monday, but has a slight upward tilt. Because of this, I believe that the market is going to continue to find buyers underneath, perhaps sending this market to the upside. I think that given enough time, the market should then go towards the $800 level, the next psychologically important level. It appears currently that there is a massive amount of support near the $650 handle. ETH/BTC Ethereum has been holding relatively strong against Bitcoin, trading in a range. I still believe that there is longer-term downward pressure, but it appears that in the short term we may go looking towards the 0.04 level, followed by the ...