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EOS Litecoin (LTC) Price Analysis – Gauging the New Momentum - Global Coin Report
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EOS Litecoin (LTC) Price Analysis – Gauging the New Momentum

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EOS
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Recent action has spurred a sharp reversal to the upside in a number of different large market cap coins across the cryptocurrency complex. We forecasted many of these moves with our recent analysis, noting seller exhaustion points as well as key bullish divergences in major oscillators.

At this point, what we have in play here is a chance at something bigger. Now, the game is to look for confirmation and the lack of important red flags.

Today, we’re going to take a close look at EOS and Litecoin (LTC) with all of these points in mind.

EOS (EOS)

Price Analysis:

  • High: $7.95
  • Low: $7.82
  • Major Resistance Level: $10.00
  • Hourly MACD: Recent Upside Momentum

Chart courtesy of tradingview.com

Naturally, given the recent action in the cryptocurrency complex, EOS has been feeding off of the momentum, helping to push the coin back up to test its early July range highs around the $9.00 level.

EOS clearly represents a relative strength play compared to most cryptocurrencies so far in 2018. The coin is still well above the levels we saw last fall, and even solidly above the asset-class-wide support pivot logged in mid-March of this year.

For those who managed to catch the lows in recent action, key resistance sits just above at a sharp confluence between the 50-day and 200-day simple moving averages, which recently crossed right around the $10 level, where we also see extra psychological resistance, being a highly visible round number.

For those wishing to gauge risk at this point, one wouldn’t want to see the coin quickly fall back below $7.50.

Litecoin (LTC)

Price Analysis:

  • High: $83.06
  • Low: $80.94
  • Major Resistance Level: $92.00
  • Hourly MACD: Recent Upside Momentum

Chart courtesy of tradingview.com

As one might expect, Litecoin (LTC) has vaulted higher in recent days along with the majority of the crypto complex. It should be noted that the move for Litecoin (LTC) comes off double bottom support at the $75 level with the second low representing a very clear bullish divergence on the 14-day RSI.

The action also represents a breach to the upside through the coin’s two-month trendline. While the overall longer-term trend remains technically poised with a bearish bias, the inflection we have just seen has the potential to blossom into something more substantial, potentially bringing into play key resistance at the $110 level.

At this point, the initial obstacles standing in the way of a further advance for Litecoin (LTC) is clearly the 50-day simple moving average which intersects the chart at around $93.

Happy Trading~

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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

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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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…

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

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Ripple
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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.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

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The possible reason for the rally

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