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EOS Litecoin Price Analysis  - The Trap has Sprung! - Global Coin Report
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EOS Litecoin Price Analysis  — The Trap has Sprung!

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Litecoin Price
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Clearly, the recent return of the sellers in the crypto space has been relatively indiscriminate, banging its way through the complex, hunting down key support levels and slicing through them like a hot knife through butter.

As we take a look at EOS and Litecoin price in this examination, the goal will be to discern opportunity from the trap, and to point out the key levels to watch should this corrective slide deepen, but ultimately represent a new opportunity over the near term.

EOS

Price Analysis

  • High: $7.3689
  • Low: $7.0499
  • Major Resistance Level: $8.50
  • Hourly MACD: Rising

Chart courtesy of tradingview.com

EOS has been one of the sharpest decliners over the past 48 hours as weakness has re-emerged across the crypto space.

However, one must remember that, in the larger picture of this asset class-wide bear market, EOS has actually been a bastion of relative strength, still even now trading above the levels we saw for most of December of last year – and was one of the few coins to make a new all-time high in April and May of this year.

That said, recent weakness now threatens to break through the longer term bullish trend line that connects the lows from last year and March of this year. In addition, as noted above, the last couple of days have been brutal for EOS HODLers.

The key level to watch for last-ditch support is between $6.60 and $6.88.

Litecoin (LTC)

Price Analysis

  • High: $79.1
  • Low: $76.328
  • Major Resistance Level: $90
  • Hourly MACD: Rising Off Lows

Chart courtesy of tradingview.com

Litecoin (LTC) is threatening to turn a potentially bullish pattern into a bearish pattern. The important point from here is the slope that connects the lows from late June with those of mid-July.

According to our calculation, that has already been broken on a minor level, which should bring into play a retest of the lows around the $72.50 level if Litecoin (LTC) is unable to find a supportive bid coming into place in a sturdy manner at the $75 level.

However, looking at a larger time frame, this whole region from $60 to $75 may still turn out to be an important long-term accumulation zone as it represents the round-trip support point for a coin that in many respects still holds the characteristics that we appreciate in a “phase three coin”.

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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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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