Connect with us


EOS Litecoin Price Analysis  — The Trap has Sprung!



Litecoin Price

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.


Price Analysis

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

Chart courtesy of

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

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~

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


Investors Beware: Another Large Bitcoin Crash Might Be Coming



Bitcoin crash

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading


Top 3 Coins to Buy Before They Go Big




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.


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…

Continue Reading


Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?



crypto credit cards

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading