Litecoin (LTC) Technical Analysis

While fundamentals are supportive of Litecoin, the mere fact that Bitcoin is on a slide, adding on to their losses means there is more room for LTC downsides. The effect is can’t be clearer, so far it’s down six percent in the last 24 hours and likely to break below $70, our first bear target. For buyers to take charge, then we need to see bulls pushing prices above $110. From the News Line, a messaging platform and WhatsApp competitor is now setting its eyes on cryptocurrency. It’s not a…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRX: Price Analysis, June 29

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Back in January of this year, the total market capitalization of all cryptocurrencies reached above $832 billion. At press time, the total market capitalization has plunged to a mere $234 billion, showing the degree of carnage this space has suffered. Such a fall…

EOS, Litecoin, Stellar Lumens, Tron and IOTA Technical Analysis

Although we are yet to see confirmations, the fact that most alt coin prices as Litecoin, IOTA, EOS and to some degree Stellar Lumens are stable and trading within tight ranges means bear pressure is slowing down. Well, it may be a coincidence because this week marks the end of bearish June where pull backs are common. We shall nonetheless take the optimistic approach waiting for prices to edge past key resistance line forming a spring board for further gains in the second half of the year. Let’s have a…

IOTA, EOS, Stellar Lumens, Tron and Litecoin Technical Analysis

There have been wonderful news in the last two days. Facebook is reversing their cryptocurrency ad ban five months after issuing a directive while Tron is now on their mainnet after successfully completing their ERC 20-mainnet coin swap. Besides, there is VW formation of NAV seeking to bring standardization in the AV systems. All these should be positive and perhaps that is why prices are a little bit stable as they test key support lines. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRX: Price Analysis, June 27

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The news of Facebook relaxing its ban on cryptocurrency advertisements has failed to cheer the crypto markets. This shows that the market participants continue to focus on the negative news while disregarding the positive news. A study by the research firm Ipsos, conducted…

IOTA, EOS, Stellar Lumens, Litecoin and Tron Technical Analysis

Even if we are in a deep price correction with some instances where sellers are trending below main support lines like in Litecoin, some as IOTA are actually finding support. In the last 24 hours for example, IOTA is up four percent and resisting lower lows at 90 cents, our main sell trigger line. Let’s have a look at these price charts and accompanying fundamentals: EOS Technical Analysis EOS Daily Chart by Trading View Rumor is rife that BitFinex might be using your EOS tokens to vote for their proxies:…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Tron: Price Analysis, June 25

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. At the beginning of the year, the total crypto market capitalization had risen above $825 billion, and many expected it to reach trillion dollars during the year. But at press time, June 25, the market capitalization is $236 billion. It is no surprise…

EOS, IOTA, Stellar Lumens, Litecoin and Tron Technical Analysis

Overly, altcoins are on a downtrend but even in the midst of this strong sell pressure, the sentiment around Tron mainnet launch seems to be buoying TRX prices . Therefore, if indeed Tron transition is smooth and everything works out, a follow through would be inevitable. Remember, BTC is fighting back bears and is up one percent in the last 24 hours with a market dominance of 42 percent. EOS Technical Analysis EOS Daily Chart by Trading View After what appeared to be censorship attempts by the EOS block producers,…

EOS, Litecoin, Tron, Stellar Lumens and IOTA Technical Analysis (June 23, 2018)

Nick Szabo, who many believe to be Satoshi Nakamoto believe the combination of BTC future uncertainty, political opposition and a host of other crypto competitors precipitates recent volatility. However, as it is he thinks BTC prices would decline until we see stable growth. So, the underlying word here is decline and that’s why we should be selling EOS, Litecoin, Stellar, Tron and IOTA until the effects of USDT wane out. Volatility in Bitcoin from temporary uncertainty about its future (vs. both political opposition & crypto competitors), not from its supply…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 22

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. In the world of investing, fundamentals and a price of an asset class rarely move in tandem. Usually, one leads the other. In 2017, the prices of cryptocurrencies skyrocketed, but the fundamentals were left lagging behind. That resulted in a sharp correction. While…