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Trend analysis - Ripple (XRP) and Litecoin (LTC) continue to go down - Global Coin Report
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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.

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.

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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