FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

EOS Litecoin (LTC) Price Analysis  - Fending Off the Attack - Global Coin Report
Connect with us

Blogs

EOS Litecoin (LTC) Price Analysis  — Fending Off the Attack

Published

on

EOS
READ LATER - DOWNLOAD THIS POST AS PDF

Recent action has reintroduced a sense of vulnerability for a number of large market cap coins, including the two that we are going to look closely at today – EOS and Litecoin (LTC).

After a month of strength and seeming resiliency in a number of different coins across the cryptocurrency complex, we have moved to a stage where many charts are beginning to probe key support levels that hold the potential to signal either a trapdoor and a swift break to new lows or a reaffirmation of sturdy support and the potential for a base from which to reverse course back to the upside.

This dynamic is apparent in the two charts below.

EOS

Price Analysis

  • High: $7.3171
  • Low: $6.9056
  • Major Resistance Level: $7.30
  • Hourly MACD: Rolling Over

EOS spiked lower last night to probe critical support at the $6.84 area. That support level held once again and drove the coin back up to reestablish itself above the $7 area.

If EOS is able to hold this zone of support and move back higher to test recent range highs, a powerful test of resistance lies above where we see a confluence between the 50-day and 200-day simple moving averages, both in place right around the $8.50 level.

In other words, if EOS is able to fend off sellers and maintain its recent support levels, and then reverse ground and move back higher, a massively important breakout potential could be just around the corner.

But it has to prove itself once again first.

Litecoin (LTC)

Price Analysis

  • High: $78.523
  • Low: $76.079
  • Major Resistance Level: $78.25
  • Hourly MACD: Rolling Over

Litecoin (LTC) has tested and reaffirmed key support in the $76.25 area 3 times in the past 36 hours. That represents a strong response to a tremendous amount of pressure.

If you pan back and look at the very long-term chart for Litecoin (LTC), the zone between $75 and $95 is a defining area. It first played important resistance back in August and September 2017. And then it played both resistance and then support in November and December 2017, acting as the trigger point for the massive breakout and run higher than we saw during the mania period to close out last year.

Now, it is playing both roles for the Litecoin (LTC) chart – with key resistance stepping in above the $90 area and key support stepping in below the $75 area.

During the recent range, we have seen bullish divergences in major oscillators such as the 14-day RSI, possibly pointing to a growing potential for this to turn into a meaningful base on a break back higher through that range resistance level, which would also represent a breakout above a declining 50-day simple moving average.

Happy Trading~

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or 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 Pexels

Charts courtesy of tradingview.com

Blogs

Top 3 Crypto Trends That Might Go Big in Q2 2019

Published

on

crypto trends
READ LATER - DOWNLOAD THIS POST AS PDF

So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

Continue Reading

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Elite