Connect with us


Litecoin (LTC) IOTA (MIOTA) Price Analysis – Are We Nearing Inflection?




It’s certainly no secret that recent action has been tough to swallow for overleveraged bulls with established positions from poor entry levels in the cryptocurrency complex.

With that in mind, we would like to take a close look at Litecoin (LTC) and IOTA today to keep a “weather eye” on the horizon for potential technical signals that may serve as early warning signs of a shift in the current trend beginning to take root.

Litecoin (LTC)

Price Analysis:

  • High: $78.11
  • Low: $74.40
  • Major Resistance Level: $87.00
  • Hourly MACD: Steady Downside Momentum

Chart courtesy of

Litecoin (LTC) has been a clear underperformer when compared to many other large market cap coins over the past ten weeks. The action continues to be situated well beneath the coin’s major moving averages, which all happen to also be downward-sloped at present, suggesting an intensification of selling evident on the chart during that period.

For Litecoin (LTC), the key here appears to be the coin’s recent test and breach of the $80 level, which defines the action in many ways over the past year. This level first played its part in the form of an important resistance level during the second half of 2017. However, late in the year, we saw a breakout and a sharp extension higher that quickly quadrupled the price of LTC in a matter of weeks.

The correction that ensued following that move has taken us all the way back down to test this key breakout zone, establishing new levels of oversold readings in a number of different indicators, including the MACD and the 14-day RSI – two indicators widely watched by market technicians.

Given that we have some very important levels in play, this may be a particularly important time to watch for a divergence among these indicators whereby we see lower lows for the coin in terms of price levels, while matching up higher lows in the major oscillators.


Price Analysis:

  • High: $1.008
  • Low: $0.936
  • Major Resistance Level: $1.20
  • Hourly MACD: Steady Downside Momentum

Chart courtesy of

IOTA has a very similar chart history to Litecoin (LTC), but with perhaps an embedded sense of relative strength in terms of price levels achieved during the course of the recent bearish trend across the cryptocurrency complex.

In fact, IOTA is currently holding onto support that represents prior resistance from late last year before the coin’s breakout and sprint higher in December. This sets up the potential for a make-or-break level in play at the $0.90 area.

We will be monitoring the action around this zone very closely given that this coin has held this level on two important occasions over the last six months, suggesting the potential that a deeper-pocketed accumulation bid may be at work here supporting IOTA and providing this chart with an apparent sense of relative strength.

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


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

Continue Reading


Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Continue Reading


XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

Continue Reading

Press Release