Connect with us

Litecoin News

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27

HitBTC exchange.” data-reactid=”28″ type=”text”>Market data is provided by the HitBTC exchange.Various sectors are opening up to the vast potential of blockchain technology. This will result in a 44.5 percent compound annual growth rate in the blockchain space between now and 2025, according to a recent report. Spending in the space will purportedly increase from $3.12…

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 27
HitBTC exchange.” data-reactid=”28″ type=”text”>Market data is provided by the HitBTC exchange.

Various sectors are opening up to the vast potential of blockchain technology. This will result in a 44.5 percent compound annual growth rate in the blockchain space between now and 2025, according to a recent report. Spending in the space will purportedly increase from $3.12 billion to $41 billion in the said period.

Still, there are a number of executives who are wary of this new technology. Aanchal Anand, a Land Administration Specialist in the World bank’s Global Land and Geospatial Unit, has warned against the so-called “blockchain hype.”

Similarly, Catherine Bessant, chief technology officer at Bank of America (BoA) said that many companies approach her with blockchain projects, but she is yet to see a solid use case. Hence, she remains negative on the technology in her private capacity.

Weiss Ratings founder, Martin D. Weiss, said that even during the bear market a critical segment of the crypto space is growing sharply. Therefore, “for those willing to take the risk, the best time to invest could be very near.” Let’s see what our charts project.

BTC/USD

Bitcoin (BTC) dipped below the uptrend line on March 25, but the bulls bought the dips, which is a positive sign. The digital currency is currently attempting to scale above $4,065 and rally towards the overhead resistance of $4,255. A close (UTC time frame) above $4,255 will complete a bullish double bottom pattern, that has a target objective of $5,273.91. We also expect short covering above $4,255 to provide momentum, as a number of bears are likely to throw in the towel. The upsloping moving averages and RSI in positive territory suggest that the path of least resistance is to the upside.

View photos

Our bullish view will be negated if the BTC/USD pair reverses direction from one of the above resistances and plummets below the uptrend line. On the downside, the first support to watch is the zone between uptrend line and 50-day SMA. If this breaks down, a fall to the critical support zone of $3,355 to $3,236.09 is probable. Therefore, traders can hold long positions with a stop loss of $3,500. We shall soon raise it to $3,800.

ETH/USD

Ethereum (ETH) corrected to the 50-day SMA on March 25 where buying emerged. The price has rebounded back above the 20-day EMA and is currently attempting to rise above the uptrend line. If successful, a move to $144.78 is probable.

View photos

The ETH/USD pair will pick up momentum above $144.78 and reach close to $167.32. On a breakout of this level, the index will complete an ascending triangle pattern, which has a target of $251.64.

Contrary to our assumption, if the pair turns down from the current levels and breaks the 50-day SMA, it can correct to $125.88. A break below this will weaken the digital currency and drag it to $116.30. Hence, the stops on the remaining long positions can be kept at $125.

XRP/USD

Ripple (XRP) plunged on March 25 and momentarily broke below the $0.27795 support, but it quickly recovered to close (UTC time frame) flat for the day. As we had suggested a stop just below $0.27795, we shall consider that the long positions were closed. If not, traders can keep the stop loss at $0.270.

View photos

The bulls are currently attempting to push the XRP/USD pair back above the moving averages. If successful, the pair is likely to move up to $0.33108. This is a critical resistance as it has not been sustained since Jan. 11 of this year. A breakout and close (UTC time frame) will indicate strength that can carry the price to the resistance line of the descending channel.

If the bulls can break out of the channel, a move to $0.40 is probable. The digital currency will pick up momentum above $0.40 and can reach $0.60. Therefore, we will again recommend buying on a close (UTC time frame) above $0.33108.

LTC/USD

Litecoin (LTC) dipped to the 20-day EMA where it found support. It is currently attempting to bounce off the support. If successful, it can move up to the resistance line and above it, the rally can stretch to $69.2790. Both the moving averages are sloping up, which shows that the buyers are at an advantage.

View photos

Contrary to our expectation, if the LTC/USD pair turns down from the current levels and plunges below the uptrend line of the developing wedge, it can drop to the 50-day SMA and below it to $47.2460. Therefore, traders can keep the stop loss on the remaining long positions at $55. We continue to watch the negative divergence on the RSI closely as it is a red flag.

EOS/USD

After trading close to the 20-day EMA for the past few days, EOS has made a decisive move to the upside. Considering the strength of the move, it can easily reach $4.4930 and even rise above it. If the price sustains above $4.4930, the next target to watch on the upside is $5.8370.

View photos

However, if the EOS/USD pair fails to breakout of $4.4930, it can remain range bound for a few days. The pair will turn negative on a breakdown and close below the 50-day SMA.

The 20-day EMA has started to turn up and the 50-day SMA is sloping up. This a bullish sign and it increases the probability of an upward breakout of the overhead resistance. Therefore, traders can keep the stop loss on the remaining long positions at $3.1. We shall suggest trailing the stops higher in a couple of days.

BCH/USD

Bitcoin Cash (BCH) took support on the 20-day EMA on March 26 and is currently attempting to sustain above the overhead resistance of $163.89. We find a rounding bottom formation on the digital currency, which will complete on a close (UTC time frame) above $163.89. The target objective of this bottoming formation is $222.78.

View photos

If the bulls fail to sustain above $163.89, the BCH/USD pair can again fall to the 20-day EMA. If this support breaks, a fall to the 50-day SMA is probable. Traders can protect their long positions with the stops at $140. The upsloping moving averages and the RSI close to the overbought zone suggests that the bulls have the upper hand. With a history of vertical rallies, the pair can go to the upside.

BNB/USD

Binance Coin (BNB) triggered our sell above $17. Hopefully, traders would have booked partial profits again on the open long positions. Now, only 25 percent of the original position remains. We did not recommend booking profits on the complete position because a breakout of $18 can result in a retest of the highs. Both the moving averages are trending up and the RSI is close to the overbought zone. This suggests that the bulls are still in command.

View photos

Our bullish view will be invalidated if the BNB/USD pair breaks below the uptrend line. Such a move can drag the pair to the 50-day SMA, below which the trend will turn negative. Therefore, we suggest traders keep a stop loss of $15 on the long position.

XLM/USD

Stellar (XLM) dipped below the 20-day EMA on March 25, but quickly found buying support at lower levels. It is currently attempting to rise above the 20-day EMA once again.

View photos

If the price ascends $0.1130, it can move up to the resistance line at $0.13250273. Above this level, the next target to watch on the upside is $0.14861760.

But if the XLM/USD pair fails to sustain above the 20-day EMA, it can again correct to the 50-day SMA. The pair will turn negative if it breaks down of the uptrend line. Therefore, traders can keep the stop loss on the long positions at $0.08.

ADA/USD

As anticipated, the correction in Cardano (ADA) lasted only for two days. This is an indication of strength. Having hit our first target objective of $0.066121, the digital currency can now move up to its next target of $0.080.

View photos

The ADA/USD pair has a strong resistance in the $0.080–$0.094256 zone. Therefore, we suggest traders book partial profits on the long positions at $0.080 and keep a stop loss of $0.0490 on the rest.

Contrary to our opinion, if the price reverses direction from the current levels, it can drop to the 20-day EMA, below which it can fall to $0.051468. If this support breaks, the pair might turn negative.

TRX/USD

Though Tron (TRX) has stopped falling, it is struggling to breakout of the 20-day EMA. This shows a lack of buying interest at current levels.

View photos

Both the moving averages are flattening out and the RSI is at the midpoint. This points to a consolidation in the near term.

On the upside, if the TRX/USD pair breaks out of the moving averages and $0.025, it can move up to $0.02815521. This level has been a major hurdle since August of last year. Hence, we shall wait for the price to sustain above it before suggesting any trade in it. If the pair turns down from the current levels and plummets below $0.02094452, it can drop to $0.0183.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.” data-reactid=”233″ type=”text”>Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

Related Articles:

  • Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 25
  • Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 22
  • Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20
  • Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 18

Source

Up Next

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, Tron: Price Analysis, March 25

Don't Miss

Boerse Stuttgart-Owned Swedish Exchange Lists XRP, LTC Tracking Exchange-Traded Products

Continue Reading
Advertisement
Loading...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Litecoin News

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 3

HitBTC exchange.” data-reactid=”28″ type=”text”>Market data is provided by the HitBTC exchange.Intercontinental Exchange Inc (ICE) has been loading up on digital assets for its cryptocurrency platform Bakkt, according to its chief executive officer Jeffrey Sprecher. This has helped ICE buy assets at a discount, which would not have happened if the markets were in a bull…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 3
HitBTC exchange.” data-reactid=”28″ type=”text”>Market data is provided by the HitBTC exchange.

Intercontinental Exchange Inc (ICE) has been loading up on digital assets for its cryptocurrency platform Bakkt, according to its chief executive officer Jeffrey Sprecher. This has helped ICE buy assets at a discount, which would not have happened if the markets were in a bull phase. Sprecher expects Bakkt to start operations later in 2019.

Attention has been shifting to institutional investors since the bear phase started. Stronger hands with deeper pockets are needed to provide stability in crypto markets. In a survey of 411 United States institutional investors, Fidelity Investments found that 47% of the participants believe that digital assets have a place in their investment portfolios.

The major attraction is the low correlation with other asset classes. Converesly, unclear regulation, lack of fundamentals, volatility, etc, were some of the hurdles in investing in digital assets.

Along with institutional involvement, mass adoption of cryptocurrencies is another important activity that can boost prices. In this regard, the markets are watching the development of Facebook’s rumored “FB Coin.” Sources have said the Wall Street Journal that Facebook is looking to raise $1 billion in investments for its cryptocurrency stablecoin. With Facebook’s mass reach, it can bring cryptocurrencies to the mainstream at a faster pace.

The recent recovery in Bitcoin has gathered pace and has pushed its market capitalization above $100 billion. Altcoins have also benefited from the bullish sentiment. After the rally, is it a good time to buy or to book profits? Let’s find out.

BTC/USD

Bitcoin (BTC) has surged towards its overhead resistance of $5,900. We like the pickup in momentum. This suggests confidence among the bulls that the leading digital currency will extend its recovery. If the price scales above $5,900, it will be a major sentiment booster. There is a minor psychological resistance at $6,000 but we expect it to be crossed. The next level to watch is $6,480.54. We expect the zone between $6,000–$6,480.54 to offer a stiff resistance. Hence, the traders can tighten their stops to protect their paper profits.

View photos

BTC/USD

Contrary to our bullish view, if the BTC/USD pair fails to sustain above $5,900, it can witness profit booking that can drag it to the 20-day EMA. The pair might also enter into a consolidation between $4,914.11 and $5,900 for a few days. The trend will turn negative on a breakdown of $4,914.11. Until then, the bulls will continue to buy the dips. Traders can trail the stops on the remaining long positions to $5,400.

Currently, both the moving averages are sloping up and the RSI is also trying to break out of the negative divergence. This is a bullish sign. It shows that the path of least resistance is to the upside.

ETH/USD

Ethereum (ETH) has broken out of the downtrend line. It is currently facing resistance at the $180–$190.54 zone. If the bulls scale this zone, the digital currency can rally to $225 and above it to $256. Traders can buy above $192 and keep an initial stop loss of $146. As the risk to reward ratio is not very attractive, the position size can be about 40% of usual. We will suggest to trail the stops higher at the first available opportunity.

View photos

ETH/USD

Our bullish view will be invalidated if the ETH/USD pair fails to ascend the overhead resistance zone and breaks below $148. Currently, the 20-day EMA is starting to turn up and the RSI has risen into positive territory. This suggests that the bulls have a minor advantage in the short term. The next couple of days are critical as it will set the stage for the next leg of the sustained move.

XRP/USD

While most major cryptocurrencies are on fire, Ripple (XRP) continues to lag behind. It is still trading below the 20-day EMA and close to the lower end of the range. This suggests a lack of interest among the bulls.

View photos

XRP/USD

The XRP/USD pair needs to break out of the moving averages and $0.33108 to signal some buying. If the follow up buying pushes the price above $0.37835, we expect the pair to pick up momentum.

On the other hand, if the digital currency fails to move up, the bears will again try to break down of the critical support at $0.27795. We will wait for the breakout above $0.33108 to sustain before suggesting a long position.

BCH/USD

Bitcoin Cash (BCH) has broken out of the downtrend line, which is a positive sign. The 20-day EMA is gradually turning up and the RSI has risen into positive territory. This shows that the bulls have the upper hand.

View photos

BCH/USD

The BCH/USD pair can now move up to $335.62 and above it to $363.30. We expect this level to act as a stiff resistance. If the price turns down from one of these resistance levels, the pair will trade in a range for a few days.

Our bullish view will be invalidated if the digital currency fails to sustain above the downtrend line and slips back to $255. The trend will turn negative on a breakdown of $225.

LTC/USD

Litecoin (LTC) has broken out of the 20-day EMA, which is a positive sign. It can now rally to $84.3439 and above it to $91. The digital currency has formed a cup and handle formation that will complete on a breakout and close (UTC time frame) above $91. This pattern has a target objective of $158.91. Traders can wait for the price to close above $91 to attempt this trade. The stop loss for this trade can be kept at $66 initially, which can be raised later.

View photos

LTC/USD

But if the LTC/USD pair fails to climb the overhead resistances, it might remain range bound for a few days. The 20-day EMA is flat and the RSI is just above the midpoint. This suggests range-bound trading action in the short term. The trend will turn bearish on a breakdown and close below the recent lows of $66.470. It is always better to wait for the pattern to complete to go long, instead of buying in anticipation.

EOS/USD

EOS has broken out of the downtrend line and the 20-day EMA. This suggests that the recent pullback is over and it will now march toward $6.0726 and above it $6.8299. The 20-day EMA is gradually turning up and the RSI has jumped into positive territory. This shows that the bulls have the advantage in the short term.

View photos

EOS/USD

Nonetheless, if the bulls fail to sustain the current levels, it will indicate profit booking that can drag the EOS/USD pair back to the 20-day EMA. A breakdown of the uptrend line will complete a rising wedge pattern and shift the advantage to the bears. Until then, any dip towards the 20-day EMA can be used as a buying opportunity.

BNB/USD

Binance Coin (BNB) rose above the previous intraday lifetime high of $26.4732350 and made a new high at $26.6428765. However, the bulls could not sustain the new high and the price has retreated back below it.

View photos

BNB/USD

This shows profit booking at higher levels, but if the bears fail to sink the BNB/USD pair below the 20-day EMA, we anticipate another attempt by the bulls to make a new high. Both the moving averages are trending up and the RSI is in positive territory. This suggests that the bulls are in command.

However, if the price plunges below the 20-day EMA, it can drop to the 50-day SMA. A breakdown of this support will signal a deeper correction. We remain bullish and on the lookout for a reliable pattern that offers an attractive risk to reward ratio.

XLM/USD

Stellar (XLM) again broke below the uptrend line but found buyers at lower levels. While the repeated breach of a support line weakens it, the bears have not been able to sustain the price below the uptrend line. A breakdown of $0.09478125 can sink the digital currency to $0.08.

View photos

XLM/USD

But, if the XLM/USD pair breaks out of the moving averages, it can rise to $0.12039489 and above it to $0.13250273. Currently, both the moving averages are flat and the RSI is just below 50. This points to a possible consolidation in the short term. We do not find any reliable buy setup, hence, we are not suggesting a long position in it.

ADA/USD

Cardano (ADA) is trying to break out of the 20-day EMA and the downtrend line. If successful, it can move up to $0.082952 and above it to $0.094256. However, the flat 20-day EMA and the RSI close to the midpoint suggest that range-bound trading is probable.

View photos

ADA/USD

If the ADA/USD pair turns down from the current levels or from one of the overhead resistances, it can remain range bound for a few days. It will turn negative on a breakdown of $0.063230.

The pair will complete a cup and handle formation if it closes (UTC time frame) above $0.094256. We will wait for the price to ascend $0.094256 before suggesting any long positions in it.

TRX/USD

Tron (TRX) has been attempting to break out of the moving averages. If the price sustains above it, it will move up to the next overhead resistance of $0.02815521. The bulls have broken out of this level previously, but have not been able to sustain the breakout.

View photos

TRX/USD

If the TRX/USD pair breaks out of the overhead resistance once again, it will offer an opportunity to go long. The pair has been consolidating for the past nine months, which indicates that the ensuing breakout will show a big move. Therefore, we retain the buy recommendation given in the previous analysis.

Contrary to our assumption, if the cryptocurrency turns down from the current levels, it can correct to $0.02094452. A break of this level will sink it to the critical support of $0.01830.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.” data-reactid=”274″ type=”text”>Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

Related Articles:

  • Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 1
  • Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 29
  • Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 26
  • Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 24

Source

Continue Reading

Litecoin News

Dominant Bitcoin Slips on Monday, Drags Cryptocurrency Index Down $8.7 Billion

By CCN.com: Dominant crypto asset bitcoin sent fresh shivers through the rest of the cryptocurrency market with its latest plunge.The bitcoin-to-dollar exchange rate dropped as much as 2.66-percent on Monday to establish an intraday low towards $5,569.71. The move brought bitcoin’s total downside correction from its weekly high to 4.58-percent, wiping more than $3.5 billion…

Dominant Bitcoin Slips on Monday, Drags Cryptocurrency Index Down $8.7 Billion

By CCN.com: Dominant crypto asset bitcoin sent fresh shivers through the rest of the cryptocurrency market with its latest plunge.

The bitcoin-to-dollar exchange rate dropped as much as 2.66-percent on Monday to establish an intraday low towards $5,569.71. The move brought bitcoin’s total downside correction from its weekly high to 4.58-percent, wiping more than $3.5 billion on the way.

BITCOIN, BTC USD

BITCOIN PRICE WIPED OVER $3.5 BILLION OFF ITS SLATE THIS WEEK | SOURCE: COINMARKETCAP.COM

Other assets listed in the cryptocurrency index followed bitcoin’s sentiment. Ethereum, the second-largest crypto by market capitalization, lost a little over a billion dollar as its dollar-rate dropped 6.76 percent. Bitcoin Cash, bitcoin’s forked version and the fourth-largest crypto, too plunged by more than 11-percent. EOS, Litecoin, XRP, Binance Coin and the rest of the top assets also trended in negative territories, as shown in the CoinMarketCap listing below.

BITCOIN, LITECOIN, ETHEREUM, BITCOIN CASH, EOS, XRP, CARDANO

CRYPTOCURRENCY MARKET CAP PERFORMANCE IN PAST 24 HOURS | SOURCE: COINMARKETCAP.COM

Combined, bitcoin and the rest of the cryptocurrency market, which includes more than 2,100 assets, lost up to $8.7 billion from their weekly high.

Imminent Market Sentiment

View photos

BITCOIN, BTC USD

BITCOIN PULLBACK COMING | SOURCE: COINBASE, TRADINGVIEW.COM

Read the full story on CCN.com.

Source

Continue Reading

Crypto Live Prices

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
Advertisement
Loading...
Advertisement
Advertisement

Trending