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Realistic current crypto market trends: Bitcoin, ETH, Litecoin, Digibyte, XRP

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You’re probably sick of hearing that the cryptocurrency market has been going down since last December. Many neutral observers thought we were close of hitting bottom at last. Then came November 14th and it brought the market down strepitously. That should have been it, right? Wrong. On Monday it plummeted yet again.

Fasten your seatbelts because there is no guarantee that we have finally reached the lowest we could go. The signs are still bearish.

In this article, we’re going to share with you the conclusions that can be drawn from the technical market analysis, without delving into all the dirty details. No lines, no graphs, we’ll use plain English only.

Bitcoin

After a long stability period, BTC broke down on Wednesday last week, and then again on Monday this week. The expected behavior in these conditions is for the coin to bounce back briefly (it’s yet to happen, as we write this as the crypto-king still trades in red numbers concerning the last 24 hours) but only to fall again. Yes, Bitcoin can go lower (even to 3k), and chances are it will, don’t be deceived by the current rise, it’s not here to stay. Remember to follow the moving averages.

Ethereum

It’s getting very close to its support level (which is $100, the price is $132 as we write this). This is one to watch closely because of that. The support level is the price at which buyers come back to the market. Then the volume increases and the market bounces back. The next support level would be $55.00. Planning for both scenarios would be wise.

Litecoin

It’s at $34, and it’s been fluctuating over the last 24 hours. The signs give the day to the bears, but a small reaction is expected to occur soon.

Digibyte

It’s lost a lot of support. The level was at $0.015, and it’s been so close to it that it could bounce back anytime now. In fact, it traded in green numbers till last night before going into red-pool this morning again. If it goes further down, which is likely, then the next support level would be at $0.01 (stands at $0.012 currently). Digibyte should rise again at that point.

XRP

It’s been the most stable coin lately but it’s still had some fluctuation. If XRP reaches the $0.50 mark, it could go all the way up to $0.80 quickly, but if the market doesn’t follow through then, it will drop again.

The next support level is $0.38. If there is no buying pressure at that level, then XRP could go as far down as $0.30. Both things could happen so it will be essential to follow the trend. As we write this, it’s at $0.436 and trading in the red.

Please remember that we are not offering you financial advice of any kind, we just try to keep you updated with the market’s latest tendencies.

The current market is not exactly enticing, but it is, nevertheless, a rare opportunity to observe it, study it, and learn from it so that you can take advantage of similar behaviors in the future. Learn your market analysis and observe.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image Courtesy of Pixabay.

Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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