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EOS Litecoin (LTC) Price Analysis – Playing a New Tune - Global Coin Report
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EOS Litecoin (LTC) Price Analysis – Playing a New Tune

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EOS
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Experienced technical analysts know all too well to filter out their emotions when looking at a chart. This is doubly true when looking at charts that you have seen many times before and where you may have strong opinions.

It’s critical to keep an open mind and to examine the chart for signals the way a detective may examine a crime scene.

At this point, recent evidence suggests a brewing excitement has been returning to the cryptocurrency complex, and the charts we’re going to look at today – EOS and Litecoin (LTC) – represent different versions of that new theme.

EOS (EOS)

Price Analysis:

  • High: $8.63
  • Low: $8.49
  • Major Resistance Level: $10.00
  • Hourly MACD: Recent Upside Momentum

    Chart courtesy of tradingview.com

Along with many other coins, EOS has begun to challenge key resistance levels that have been defining the bearish context for this coin for the last three months.

Among the most immediate such barriers standing in its way right now is the declining 50-day simple moving average, which crosses the chart just above the $9 level at present.

This is an important marker because it also corresponds with resistance at the range defining the highs over the past month.

EOS is coming off of key support around the $7 level earlier this month. This represents a double bottom in concert with support seen in late June.

The overall context suggests itself as confirmation of key support in place with a test of key resistance now underway. As such, if this is a new and important bullish move, we should see evidence of it very soon. And if we do, it will be time for HODL EOS.

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

Litecoin (LTC) has been lagging the action in the broader cryptocurrency complex for most of this year. However, recent action suggests that it may be about to play a bit of catch-up.

Most importantly, Litecoin (LTC) is beginning to challenge key resistance at the trailing month range highs as well as some major moving averages.

The most important move we could see from here would be a break above the 50-day simple moving average and the mid-July highs to test the key psychological round number of $100.

That would represent an acceleration of recent upside activity as well as a breach of the downward trend, potentially marking out a new tone for Litecoin (LTC) as we head into August.

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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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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…

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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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Blogs

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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