Litecoin, Stellar Lumens, Monero, Cardano, EOS Price Analysis

Sep 18 flash gains are quickly evaporating giving way for solid Sep 17 losses backed by high level of participation syncing with the dominant trend—that of sellers. That is why, it’s likely that EOS, Litecoin, Stellar Lumens, Monero and Cardano prices might drop in coming days with Cardano for example dipping below 6 cents and printing new lows. Litecoin is also poised to shed some more so if there are dips below $50 before the weekend. Let’s have a look at these charts: EOS Price Analysis Latest EOS News Block…

BTC/USD Stabilizes in 6200-6400 Area

Bitcoin price on Wednesday consolidated sideways against the US Dollar, rangebound between two critical levels defined by $6,200 and $6,400. The BTC/USD kickstarted the day forming lows towards 6316-fiat. The early Asian trading session saw the pair attempting a moderate upside rebound towards 6400-fiat. However, a considerable selling pressure around 6384-fiat, September 11 peak, didn’t allow much upside extension. The pair, thus, reversed and retraced its focus towards 6250-fiat by mid-European session – only to find itself being bounced back. It would appear the price is stuck ahead of the…

Cardano, Ripple 10% Surge, Bitcoin Volume up 26% to $4 Billion

Cardano (ADA) and Ripple (XRP) have surged by more than 10 percent in the past 24 hours while Bitcoin maintained stability, leading the recovery of the crypto market. Earlier this week, the valuation of the crypto market dropped to $190 billion, which led investors to worry about a potential fall to the market’s yearly low point at $185 billion. Bitcoin has remained relatively stable in the $6,300 region as it has been throughout the past few weeks. Gradual Recovery On September 16, when the Bitcoin price was hovering at around…

Bitcoin Price Watch: BTC/USD Facing Crucial Resistances

Key Points Bitcoin price started an upside move after trading as low as $6,202 against the US Dollar. There was a break above a key bearish trend line with resistance at $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move higher, but it is facing many hurdles near $6,390 and $6,400. Bitcoin price recovered nicely from the $6,200 support against the US Dollar. BTC/USD is now above $6,300, but it could struggle near the $6,370, $6,390 and $6,400 levels. Bitcoin…

Ethereum Price Analysis: ETH/USD Consolidating Above $200

Key Highlights ETH price recovered nicely and moved above the $210 level against the US Dollar. There is a key bearish trend line in place with resistance at $216 on the hourly chart of ETH/USD (data feed via Kraken). The pair must break the $216 and $220 resistance levels to move further higher in the near term. Ethereum price is mostly consolidating against the US Dollar and bitcoin. ETH/USD is likely to decline a few points towards $205 before moving higher. Ethereum Price Support After a major downside correction towards…

Bitcoin (BTC) Price Watch: New Bullish Channel Forming

Bitcoin Price Key Highlights Bitcoin price is forming higher highs and higher lows inside an ascending trend channel on the 1-hour chart. Price just bounced off the channel bottom and may be due for a test of the resistance at $6,600. There are nearby inflection points at the mid-channel area of interest as technical indicators reflect a rally slowdown. Bitcoin price is slowly trending higher in a short-term ascending channel, possibly setting its sights on the very top. Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA…

Nasdaq To Acuire Startup Cinnober, Board Makes Recommendation

Major Wall Street mainstay Nasdaq is reportedly following the lead of its peers in seeking ways to slowly enter the cryptocurrency space, and has made an offer to acquire a crypto-friendly fintech startup based in Stockholm, Sweden. Nasdaq Moves to Acquire Cinnober in $190 Million Deal One of the world’s largest stock exchanges, Nasdaq, has announced that its made a public offer to Swedish fintech solutions firm Cinnober. Cinnober is a “leading provider” of exchange and real-time clearing technology, and their services include a “high performance trading and post-trade solution” for…

XRP Adds 20 Percent without CoinBase, SEC Support

The last week has been an eventful for XRP and Ripple the company. Straight from releasing an upgrade of their Ledger to Sargar hinting of xRapid launch in the next month or so, XRP bulls are on overdrive and up a massive 20 percent in the last day. Needless to say, it appears as if XRP prices are bottoming up thanks to yesterday’s high volume rejection of 25 cents. If it stays as it is, then we might see gains above 40 cents confirming last week’s XRP price analysis. XRP…

Bitcoin Drop Beneficial in Building Market Foundation

According to Erik Voorhees, the CEO of popular cryptocurrency trading platform ShapeShift, the bear market of Bitcoin is crucial for building market foundation and infrastructure. He explained: “Bear markets are for builders. The calm, the quiet, the disillusionment. While the fickle and fair-weather peer around with nervous insecurity, the builders become the market’s foundation, preparing the mortar and stone of tomorrow’s towers.” Why Corrections Were Historically Important For Crypto Over the past eight years, in 2010, 2012, 2014, 2016, and 2018, Bitcoin recorded five major corrections, with the latest 67…

Litecoin, Monero, Cardano, Stellar Lumens, EOS Price Analysis

Undoubtedly, altcoins are under immense pressure. Laying out this is the increase of Bitcoin dominance to over 55 percent showing investors shifting their capital from altcoins to Bitcoin. All in all, rousing developments in EOS, they are set to unveil new dApps, should prop prices while a damning analysis by Tushar Jain, the MD of Multicoin could trigger renewed criticism on Litecoin and Charlie Lee further damping prices. Let’s have a look at these charts: EOS Price Analysis Latest EOS News According to reports from IMEOS, the CEO of EOS–Brendan…