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Litecoin (LTC) Cardano (ADA) Price Analysis: The Silver Lining

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Litecoin
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Litecoin (LTC) and Cardano (ADA) are both extremely interesting charts to focus on during this leg of the overall cryptocurrency complex bear market in play at the moment.

The bear is growling, but the sentiment is also souring to levels that may not allow for much more downside as weak-handed positions clear from the market. Now, it is our job to look ahead and spot the key levels that may define the next pivot that establishes the chart reference for future support.

Litecoin (LTC)

Price Analysis

  • High: $67.551
  • Low: $65.184
  • 24-Hour Volume: $304.98M
  • 7-day Percent Change: -13.87%

Chart courtesy of tradingview.com

The Litecoin (LTC) chart is particularly interesting because we are starting to drill down into levels last seen during the fall and winter of last year.

One of the most important such levels came into play last night at around the $65 level. As we have tested it, we have put in to play a very clear momentum divergence defined by a bullish comparison on the 14-day RSI in terms of the readings scored in late June versus those we are seeing now on the chart.

In other words, the Litecoin (LTC) chart is being defined by last selling pressure even though that selling is coming at lower levels.

While we can hardly make any promises – and that is not, in fact, our intent – we can say that the benefit of experience suggests that this type of divergence is the sort of thing you see during the later stages of a bearish move, suggesting the possibility of a bounce coming into play before long for Litecoin (LTC).

Cardano (ADA)

Price Analysis

  • High: $0.12384
  • Low: $0.11454
  • 24-Hour Volume: $63.22M
  • 7-day Percent Change: -12.79%

Chart courtesy of tradingview.com

Like a number of coins, Cardano (ADA) is one that is managed to remain slightly above its late June lows. This marks it out, strangely enough, as a minor point of relative strength when compared to many other large market cap coins.

Clearly, the most important level that may come into play is at $0.11. If we see that price, we are seeing new 2018 lows, and the possibility of a larger breakdown and follow-through to test the lows put into place in early December of last year at around $0.08.

While this may seem like a long ways off, at the rate the complex is deteriorating right now, it may not really be that far. And, although it may seem like a counterintuitive idea, a very rapid move from here to that level in Cardano (ADA) may actually provide the best larger time frame outcome distribution given the potential for an emotional climax selling process.

Such a process would likely trigger massive skews in the major oscillators on both the daily and hourly time frames, putting into place a possible serious capitulatory low that could act as a key reference level for new campaigns on the long side in Cardano (ADA).

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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.

1. TRON (TRX)

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…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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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,…

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Elite