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Trend analysis – Ripple (XRP) and Litecoin (LTC) continue to go down

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Ripple Litecoin
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The cryptocurrency market continues to be on a dip (again), a move that, by far, has been the most historically pronounced in the sector. Naturally, this has affected each and every one of the cryptos, but ones more than others have shown worrying behaviors that have caused panic and despair among the community, and to say the least, the speculative tendency does not seem to have a near ending.

In this sense, last week two of the most remarkable examples were Bitcoin (BTC) and Ethereum (ETH), coins that despite being the top 2 of the market haven’t been able to avoid the bearish performance of the cryptosphere. This time, another two that seem to be on the same path are without a doubt Ripple (XRP) and Litecoin (LTC), cryptos that belong as well to the crypto hall of fame. Let’s see the key points behind the most recent crypto trends.

Ripple (XRP): The bearish tendency continues

XRP USD

Snapshot is taken from TradingView

Ripple (XRP) has decreased 85% percent from its highest value set in January this year, and as it seems, the tendency is going to continue bearish, so the possibilities of reaching even lower values are very high. In fact, the token set the long-term objective at the second half of last year to hit the 25-cent mark, which at the moment remains active, a fact that will represent -48% from the actual price or -92% from its highest price of January.

In the meantime, a pattern is recognizable at first sight and is the tendency to have both lower lows and highs compared to the values that were reached by the token in May. Although it is still not discarded the possibility of a rebound like the one that we observed between April and May, even when possible the most likely to occur later is a drop of the prices one more time.

Litecoin (LTC) goes down below the trend-line resistance

LTC USD

Snapshot is taken from TradingView

The 100 line of Litecoin (LTC) recently broke and showed with it pessimistic results that even suggested the possibility of a more significant decrease. It is still not determined what will be the target of the downside unlike with Ripple (XRP), but as it is prognosticated, it will have even more remarkable repercussions, positioning down below the 40s or even worse.

The token will find support later around the 69 line, and even further on the 50. For its part, the trend-line resistance created in the peak of May was recently identified on some of the trades made, so this will serve as a guide to predict the behavior of the crypto in the mid-term.

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Conclusion

The panorama for the cryptocurrency world is not the best as of now, and speculation is one of the things that have been affecting the most the market. Whether this will be a repetitive pattern still remains a question, but whether one has invested in Ripple and Litecoin or not, best thing as of now is to stay calm and see the next steps of the sector.

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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 Maxpixel.net

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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