LTCUSD recently busted through the top of a short-term range to start an uptrend on its 1-hour chart. Price is now trading inside an ascending channel and looks prime for a correction to the bottom. The Fibonacci retracement tool shows that this lines up with the 61.8% level to add to its strength as a floor. The 100 SMA also lines up with the area of interest around $82.50, which might be enough to keep losses in check. If so, a bounce back to the swing high at $90.17 or the channel top closer to $92 could be in the cards. A break below the channel bottom could still find support at the 200 SMA dynamic inflection point around $80. The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside. This indicates that the uptrend is more likely to resume than to reverse. RSI has some room to head lower before hitting oversold conditions, though, so the correction could go on for a bit longer. Stochastic is already dipping into oversold territory to signal weaker bearish pressure and turning higher could draw buyers back in. LTCUSD and other cryptocurrencies are off to a good start so far this Q3 but it remains to be seen if this sentiment could be sustained. Some attribute the gains to profit-taking from earlier declines or a mere dead cat bounce, but others believe that the lack of negative headlines suggest that the industry is turning a corner. Meanwhile, the dollar is on slightly weaker footing due to trade tensions and the upcoming catalysts such as FOMC minutes and NFP release could make or break tightening expectations. For now, cryptocurrencies like litecoin are also taking advantage of declines in traditional assets like stocks or commodities to gain from risk-on flows. The post LTCUSD Technical Analysis for 07/04/2018 – Bullish Correction Taking Place appeared first on Bitcoin Network, News, Charts, Guides & Analysis.
A lot of speculators and traders keep a close eye on the XRP price these days. Unlike other markets, XRP has proven to be a far more stable asset than most, if not all, cryptocurrencies. That is always interesting to keep an eye on, as XRP can also be used to determine how the momentum will evolve for all other markets. So far, the daily momentum looks promising. XRP Price Goes in the Green Again It is always interesting to see how different markets respond to the current overall price momentum. Very few markets tend to buck the overall trend, either for better or worse. In the case of XRP, the digital asset tends to do its own thing regardless of what Bitcoin is doing. That has been a very remarkable trend first and foremost, although it can also be a positive trend when looking at the bigger picture. Over the past 24 hours, there has been an interesting shift where the XRP price is concerned. More specifically, there is a very small uptrend in the USD value, which keeps the price near the $0.305 level. Additionally, there is another 1.2% gain in BTC value, which pushes the asset closer to the 9,000 Satoshi range once again. There is still a lot way to go in this regard, but it seems the asset is inching ahead over the past few days. On social media, there is a lot of attention for XRP. More specifically, it would appear TD Ameritrade is still exploring different options pertaining to this digital asset. While the firm has not confirmed which options they are interested in right now, they have not given up on incorporating this asset into its products and services. An interesting development, although one that might not impact the price all that much. $xrp #xrp this is big news pic.twitter.com/I8QSOWXmuY — CRYPTO BALLIN (@natclassic) December 12, 2018 TheRealHindle is looking forward to the next bullrun in the world of cryptocurrency and digital assets. It is safe to say virtually everyone involved in this industry is craving some positive momentum right now, although that doesn’t necessarily mean it will materialize anytime soon. After all, there have been significant doubts in terms of which markets will rise in value over the coming weeks and months. XRP May very well be leading the pack, but that is merely speculation at this point. The next bull run will be epic! #xrp #trx #Holochain #crypto #XRPthestandard — TheRealHindle (@Hindle43985508) December 12, 2018 Additionally, there is still an ongoing push to get XRP listed as a base currency on more exchanges. Sujith wants to see Binance embrace this asset in quick succession, albeit there are still some concerns over the asset in question. After all, it remains unclear if XRP will be treated as a security in the US and the rest of the world. @cz_binance – So can we expect #XRP as base on binance exchange — Sujith (@itssaisujith) December 12, 2018 Based on the current XRP price momentum, it seems evident the current stability will remain in place first and foremost. There may not necessarily be any real uptrend moving forward either, although that doesn’t have to be a bad thing by any means either. For now, stability is more important for any market than quick gains and steep losses. As such, no real XRP price changes are expected in this regard. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post XRP Price Momentum Shifts Into Higher Gear appeared first on NullTX.
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned The post Blockchain Betting Startup LIGER Brings Efficiency and Transparency to the Game appeared first on CCN
CPChain Introduces the RNode Ecosystem Structure to More Effectively Secure and Validate Cross-Chain Transactions
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned The post CPChain Introduces the RNode Ecosystem Structure to More Effectively Secure and Validate Cross-Chain Transactions appeared first on CCN
A crypto exchange that claims it has amassed more than 2 million registered users in the space of four months has released new apps for Android and Apple smartphones.As well...
Below you can find an overview of what happened in May in the world of cryptocurrencies – brought to you by SimpleFX CFDs trading platform. Whether you took some time off following the news and you’d like to catch up, or you just want to go over last month’s highlights, this article is for you. It is always uplifting to see how big impact the cryptocurrencies have on mainstream businesses, whether they distance themselves from it or not. Martina Hund-Mejean, Mastercard CFO reported on the decrease in company’s cross-border transactions volume and attributed it to some banks having banned crypto purchases by credit cards. Conversely, Jen-Hsun Huang, Nvidia’s CEO admitted that an increase in demand for GPUs caused by crypto miners has led to a shortage of the graphics cards. On different occasions, both companies’ representatives stated that they do not model cryptocurrencies in their earnings projections, likely because they find it difficult to predict the pace of the sector’s development. That said, the impact of cryptocurrencies is evident and reflected in the books. In May we could also witness an interesting turn in terms of how the cryptocurrencies ecosystem is perceived by countries that formerly had mixed feelings about it, to put it mildly. Xi Jinping, the Chinese President mentioned blockchain as one of the technologies shaping the current economic landscape, along with the Internet of Things and Artificial Intelligence, and noted that China should pursue research in this area. One might argue that blockchain and cryptocurrencies are not the same; however, this is Jinping’s virtually first positive opinion about the industry presented in public. In a similar vein, the new head of South Korea’s Financial Supervisory Service, Yoon Suk-Heun spoke about cryptocurrencies’ positive aspects and possibly loosening the crypto regulations. This view was reiterated by the country’s National Assembly, whose Special Committee of the Fourth Industrial Revolution postulated introducing solutions that will allow for conducting ICOs, provided the investors’ rights are catered for. On May 22nd we had an eighth anniversary of the famous pizza purchase, which was paid for with Bitcoin – 10k BTC to be exact. In light of how the cryptocurrency’s price has subsequently increased, a programmer Laszlo Hanyecz has definitely gone down in history; however, probably not as he would like to. On the other hand, who knew that the amount spent on two pizzas would equal ca. $ 77 million in 2018. The post Crypto in May – a SimpleFX Overview appeared first on NewsBTC.
Five Canadian banks now let customers digitally verify their identities in a “privacy-enhanced and secure way” using blockchain technology. For...
Instant crypto loans firm Nexo is launching a MasterCard-branded cryptocurrency credit card. The development was announced in a press release shared with Cointelegraph on Aug. 2.“World’s first”Nexo claims the...
There has been a lot of talk about countries issuing their own cryptocurrencies. While most of those plans have been put on ice indefinitely, it seems the Bahamas isn’t giving up on this dream. The country’s government has made it clear it wants to issue a digital currency, although it remains to be seen if this venture will prove successful in any way. A Digital Currency of the Bahamas On the surface, it is quite interesting to see the Bahamas explore the concept of creating its own digital currency. While most people have no idea how much this part of the world is struggling in terms of finance, there is a really pressing problem which needs to be resolved. Many banks have downsized in the country or taken their business elsewhere in the past few years. In terms of financial inclusion, this is one development the country doesn’t need right now. Addressing this problem, however, has proven to be incredibly challenging. It creates a promising use case for cryptocurrencies, but it seems the country’s government is more intent on creating its own digital currency. That doesn’t mean Bitcoin and other cryptocurrencies will not thrive in this part of the world in the future, but there is seemingly no real plan in place to pursue those existing currencies as of right now. Other countries around the world can certainly benefit from cryptocurrencies and digital assets. Compared to the existing financial solutions in most developing countries, Bitcoin and its cohorts will make a positive impact sooner or later. However, it also creates an opportunity to experiment with digital money issued and controlled by governments. Whether or not such ventures will be successful is a different matter altogether. One of the main reasons why such a digital currency can work in the Bahamas is that the country has a low population. Moreover, its population is spread out across the many islands making up this nation. For commercial banks, this means there is no real point in setting up shop in this country, and other solutions will need to be explored. Not too many details are known regarding this alleged Bahamian digital currency. No information was provided regarding its name, the technology being used, or whether it will be backed by the local currency or natural resources. Considering that both options are still viable at this point, there is still a lot of speculation surrounding this particular project. Given Venezuela’s somewhat failed attempt at issuing the Petro, it remains to be seen if the Bahamas can fare any better in this regard. This also sparks a new debate as to whether or not other countries should explore the concept of issuing their own digital currencies moving forward. There are many drawbacks to doing so, especially because there is no guarantee of success or any indication that people will use these currencies in the manner in which they are intended. These are still the early days of cryptocurrencies in general, and no bank has successfully introduced an enduring digital currency of its own using similar technologies.
The post Upstart MMA Promotion Primal FC Wants to Pay Fighters in Bitcoin appeared first on CCN Upstart MMA promotion Primal FC has a plan to set itself apart from industry heavyweights UFC and Bellator, and it involves Bitcoin. The Phuket, Thailand-based promotion held its inaugural event, Dark Moon Rising, in 2017 and is preparing to begin adding sponsors for its next one, slated for later this year. Primal FC CEO Joe The post Upstart MMA Promotion Primal FC Wants to Pay Fighters in Bitcoin appeared first on CCN