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

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Litecoin
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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 tradingview.com

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.

IOTA (IOTA)

Price Analysis:

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

Chart courtesy of tradingview.com

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!!

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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