Category Crypto Currency

Ripple Price Technical Analysis – XRP/USD Breaks Key Resistance

Key Highlights Ripple price after a major decline, found support near $0.55 and recovered against the US dollar. There was a break above a key bearish trend line with resistance at $0.6200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may rise further, but it has to break and settle above the $0.70 resistance and the 100 hourly simple moving average. Ripple price is showing a few positive signs against the US Dollar and Bitcoin. XRP/USD must break the $0.70 resistance to gain further upside momentum. Ripple Price Support There were nasty declines this past week in Ripple price from the $0.8000 pivot level against the US Dollar. The price tumbled and moved below the $0.7000 and $0.6000 support levels. It traded towards the $0.5000 level and formed a low at $0.5341 before starting an upside move. It corrected higher and managed to move above the $0.5800 and $0.6000 resistance levels. The upside move was positive as the price was even able to surpass the $0.6200 barrier. Moreover, there was a break above a key bearish trend line with resistance at $0.6200 on the hourly chart of the XRP/USD pair. The pair traded as high as $0.6868 and is currently trading near the 100 hourly simple moving average. It is slowly correcting lower and is testing the 23.6% Fib retracement level of the last wave from the $0.5341 low to $0.6868 high. It may correct a few more points, but it could find support near $0.6250. The mentioned $0.6250 support is near the 38.2% Fib retracement level of the last wave from the $0.5341 low to $0.6868 high. On the upside, the price has to move above the $0.6800 and $0.7000 resistance levels to gain upside momentum. Looking at the technical indicators: Hourly MACD – The MACD for XRP/USD is currently in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 60 level. Major Support Level – $0.6250 Major Resistance Level – $0.7000 Charts courtesy – Trading View The post Ripple Price Technical Analysis – XRP/USD Breaks Key Resistance appeared first on NewsBTC.

Horizon Pre-ICO Starting March 19 – 60% Discount for Investors.

The Horizon pre-ICO powered by Horizon Telecommunications has been announced to start on March 19. The project has been attracting a lot of attention as the first telecom based company raising funds through an ICO. The company through this initiative would roll out a state-of-the-art telecom services in the Caribbean, quickly expanding to Central America and then to key markets Worldwide. Being a contributor in the sale enables users to generate and own the Horizon token. The Horizon smart token provides the mechanism through which an investor gains access into the token economy of a fledgling world-class company serving the internet and telecom needs of millions of people in the Caribbean. For investor interested in the presale, the following are some terms of participation in the upcoming Horizon presale: A portion of 2 million tokens are available for purchase at a discounted price of 60 percent of fixed value of Horizon token, with a significant number sold during the private presale. Another 8 million tokens are available for purchase at a discounted price of 45 percent of fixed value of the Horizon token. The fixed initial price of the HRZN has been kept at 0.0008 ETH. The presale will commence on March 19 through April 20. However investors should bear in mind that there is a maximum number of tokens available at the presale, which when reached before that period, the presales ends. The company president, Mr Gilbert Darrell had this to say about the ICO presale, “We were blown away by the support the crypto community, experts in the field and our investors for believing in our business model. We’ve had multiple offers from private investors in our private sale and look forward to accomplishing more in our presale to meet the expectations of the communities we’ll serve through provisioning of high-speed internet services. We’re very excited to be able to offer our token to the General Public, to be the first ISP to launch via an ICO”. The Horizon presale token distribution is on a first come first serve basis. Interested contributors are advised to rely only and trust information obtained from the company website, https://horizoncomm.co The post Horizon Pre-ICO Starting March 19 – 60% Discount for Investors. appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

Faceter Introduces Intelligent Video Surveillance for Smart Secure Cities

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Changing the Dynamics of Social Media with Blockchain Technology

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Bitcoin Price Surges 10% as G20 Will Not Crackdown on Cryptocurrencies

The G20’s announcement that it will pivot away from creating new regulations in favor of examining existing rules gave the cryptocurrency market a much needed seeing Bitcoin surge by $1000. No New Regulations The anticipation of what new regulations might come of the G20 meeting this week in Buenos Aires added to a rocky cryptocurrency market over the past week but the news as reported by Reuters is that there will be no new regulation recommendations handed down. Some of the nervousness of cryptocurrency market watchers coming up to the G20 was due in part to the fact that Mark Carney, Governor of the Bank Of England and outspoken critic of Bitcoin heads the Financial Stability Board which coordinates financial regulation for the Group of 20 economies. Carney has been very vocal about his doubts concerning the credibility of cryptocurrency in the past speaking as the head of the Bank of England. Deciding that there was not enough of a consensus to create radical new regulation among the 20 countries that make up the G20 the FSB issued a letter to the central bankers and finance ministers who will convene in Buenos Aries on the 19 and 20 saying “The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time,” Carneys singing off on this letter shows an increased willingness in his attitude towards accepting cryptocurrency as part of the worlds financial system. Noting that this would be his last year as both chairman of the FSB and Governor of the Bank of England he said his successor would be reviewing existing rules as opposed to pushing through new standards. Scaling Down President Donald Trump set a mood for scaling back regulatory powers when he ordered American regulators to relax post-banking crisis reforms in order to encourage lending in the economy. This made world regulators speculate that America, already reticent to join global regulatory bodies would reject any new suggestions and possibly fragment markets. In reaction, the FSB membership vowed to make a complete review of whether the watchdog is still “fit for Purpose” for evaluating and amending rules. Having already scrapped a quarter of its working groups in an effort to make the FSB more efficient and dedicated Carney said “As its work to fix the fault lines that caused the financial crisis draws to a close, the FSB is increasingly pivoting away from design of new policy initiatives towards dynamic implementation and rigorous evaluation of the effects of the agreed G20 reforms,” This seemingly good news for cryptocurrency regulation and the hangover effects of the latest Mt. Gox bulk sale wearing off gave the faltering Bitcoin price a nice boost, up $1000 recovering nearly 8% of its value in 24 hours. The post Bitcoin Price Surges 10% as G20 Will Not Crackdown on Cryptocurrencies appeared first on NewsBTC.

Ethereum Price Technical Analysis – Can ETH/USD Recover?

Key Highlights ETH price fell sharply and even traded below the $500 level before correcting higher against the US Dollar. There is a major bearish trend line forming with resistance at $550 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling to move above the $540-550 resistance area, which is a bearish sign in the near term. Ethereum price nosedived recently against the US Dollar and Bitcoin. ETH/USD has to move above the $550 resistance to initiate a decent recovery. Ethereum Price Upside Hurdle The past few days were mostly bearish on ETH price as it declined below $500 against the US Dollar. The price tumbled and even broke the $460 support area. However, it managed to stay above the $450 level and started an upside correction. A low was formed at $453 from where it corrected upwards. Buyers succeeded in pushing the price above the 38.2% Fib retracement level of the last decline from the $608 high to $453 low. The upside move was positive, as the price also moved above the $500 level. However, the current wave was protected by a major bearish trend line with current resistance at $550 on the hourly chart of ETH/USD. The pair also failed to move past the 61.8% Fib retracement level of the last decline from the $608 high to $453 low. It seems like the price is facing a major sell wall near the $550-560 zone. Therefore, a successful close above the $550 level is needed for buyers to push the price further higher. Moreover, the $570 level is near the 100 hourly simple moving average, which is the next hurdle. On the downside, there is a decent support at $500. Below $50, the price may retest the $450 zone in the near term. Hourly MACD – The MACD is now back in the bullish zone. Hourly RSI – The RSI is currently well above the 50 level. Major Support Level – $500 Major Resistance Level – $550 Charts courtesy – Trading View The post Ethereum Price Technical Analysis – Can ETH/USD Recover? appeared first on NewsBTC.

LTCUSD Technical Analysis for 03/19/2018 – Downtrend Still Holding

LTCUSD is still on a downtrend, moving inside a descending channel on its 4-hour time frame. Price is just bouncing off support and could be due for a move back to resistance. Applying the Fib retracement tool shows the potential upside barriers. The 61.8% retracement level is closest to the channel resistance and could be enough to keep gains in check. The 50% level lines up better with an area of interest or former support turned resistance. The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside or that the selloff is more likely to continue than to reverse. Stochastic is on the move up, though, so there may be some buying pressure left. RSI is also heading up to show that the correction is still in play. Cryptocurrencies seem to be on edge while waiting for the G20 Summit to happen, as world leaders are expected to talk about their views on the industry. Most appear to be wary of the use of altcoins for potential criminal activity and the security issues involved, but the willingness to let developments unfold could still prove positive for the industry. Meanwhile, the dollar has the FOMC decision to contend with so LTCUSD could be subject to additional volatility midweek. An interest rate hike is widely expected, but having this accompanied by cautious remarks could still be dollar bearish. By the looks of it, litecoin and its peers are taking advantage of risk appetite and are usually sold off when risk aversion returns. Note that Twitter is also said to be gearing up for a ban on cryptocurrency ads soon, following the move from Facebook back in January and Google in June. This could limit investor activity and volumes, likely dampening demand and price gains as well. The post LTCUSD Technical Analysis for 03/19/2018 – Downtrend Still Holding appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

Bitcoin Spikes 7% to $8,460 Overnight as Cryptocurrency Market Rebounds

After dipping below $7,300 on most major cryptocurrency exchanges, the price of bitcoin has spiked 7 percent overnight, increasing from $7,240 to $8,467, triggered by a variety of factors. G20 Many analysts have attributed the recent increase in the price of bitcoin to the result of the 2018 G20 Buenos Aires summit, during which the The post Bitcoin Spikes 7% to $8,460 Overnight as Cryptocurrency Market Rebounds appeared first on CCN

Asian Altcoin Trading Roundup: Top Cryptocurrency is Stellar Lumens

FOMO Moments The markets are slowly recovering from a new monthly low yesterday when total market capitalization fell to $275 billion, just lower than last month’s dip. After falling to a low of $7,500 Bitcoin has risen back over $8,000 however Ethereum and a lot of the altcoins have suffered heavy losses. When there is a dip many often show double digit gains the next day giving the appearance that all is well again. At the time of writing the top performing altcoin is Stellar Lumens. Coinmarketcap reports that XLM has rebounded 19% during the Asian trading session this morning. After hitting a low of $0.16 it has recovered to around $0.22, but it still way down. Over the week Stellar has lost over 30% and the monthly chart is even gloomier with a 50% loss. In terms of BTC Stellar is up only 10% today at 2717 satoshis, this time yesterday it was trading at just over 2400 sats. Since its peak in early January XLM has lost 75% and continues to fall. Aside from the bounce and recovery there are no other fundamentals affecting Stellar Lumens. Those altcoins that fell the hardest often recover a little quicker to make up those losses. The longer term outlook for XLM is still bearish as it has been in a downwards trend for over two months. Stellar is traded predominantly on Binance, Upbit and Poloniex, volume has risen in the past few hours and is currently just over $100 million. There are 103 billion XLM in total with 18.5 billion currently circulating. Nearly all of the altcoins are showing some recovery this morning. Those leading the way are Ripple, Cardano, Nem, and Icon. However these are the one that have suffered heavier losses and are just trying to claw back some of that deficit. More on Stellar can be found here: https://www.stellar.org/ FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals. The post Asian Altcoin Trading Roundup: Top Cryptocurrency is Stellar Lumens appeared first on NewsBTC.

Bitcoin Price Technical Analysis for 03/19/2018 – Early Bullish Signals

Bitcoin Price Key Highlights Bitcoin price was previously trading below a descending trend line to indicate that a reversal is in order. Price has also broken past the first dynamic inflection point at the 100 SMA and is closing in on the 200 SMA next. A move past this level could draw more buyers in and allow the reversal to gain traction. Bitcoin price has broken past a short-term trend resistance level to signal that buyers are trying to regain the upper hand. Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA to suggest that the path of least resistance might be to the downside. In other words, there’s still a chance for the selloff to reverse and for the breakout to be a fake one. In that case, price could revisit the previous lows around $7200 or fall to new ones. Stochastic is indicating overbought conditions and looks ready to turn lower, likely indicating a pickup in bearish momentum as well. Similarly, RSI is in the overbought zone to show that buyers are already exhausted. On the other hand, a sustained climb past the next dynamic inflection point at the 200 SMA or $8500 could lead to a move up to the next barrier at $10,000 then at $12,000. Market Factors The G20 Summit this week could make or break the bitcoin price rally as traders are waiting to hear how world leaders are planning on addressing issues surrounding cryptocurrencies. An approach that is more open to developments in the industry could sustain the climb while a push for stricter oversight could let the selloff resume. Apart from that, the upcoming FOMC decision could also lead to big moves for the dollar. An interest rate hike is widely expected, so traders might simply tune in to the actual statement to look for any changes in rhetoric that could serve as clues for future policy action. A dovish hike could lead to dollar weakness that bitcoin price could take advantage of. The post Bitcoin Price Technical Analysis for 03/19/2018 – Early Bullish Signals appeared first on NewsBTC.