Crypto Market Primed For Lift-Off: Bitcoin Cash, Litecoin (LTC), TRX, ADA Analysis

The total crypto market cap stayed above the key $160.0B support and climbed towards $170.0B.
Litecoin (LTC) price recovered recently and moved above the $80 resistance.
Bitcoin cash price extended gains and it could move higher towards the $320 level.
Tron (TRX) price is currently consolidating above the key $0.0260 support area.
Cardano (ADA) price must break the $0.0850 resistance to start a decent upward move.

The crypto market cap is up more than $4 billion, with positive moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA are likely to extend gains.
Bitcoin Cash Price Analysis
Bitcoin cash price started a strong upward move after BSV’s nasty drop against the US Dollar. The BCH/USD pair broke the $300 resistance level to move into a positive zone. The price gained traction and it recently moved above the $310 resistance area.
If the price continues to move higher, it could even surpass the $320 resistance level. On the other hand, if there is a downside correction, the price may perhaps test the $305 support area.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price traded close to the $75 support area and recently rebounded above $78. LTC even broke the $80 resistance and it is currently trading in a positive zone. On the upside, an immediate resistance is at $82, above which the price is likely to rise towards the $85 resistance area.
Tron price remained under pressure earlier this week and traded below the $0.0272 support. TRX price traded close to the $0.0260 support level and it is currently consolidating. On the upside, a break above $0.0270 and $0.0272 is must for a decent upward move.
Cardano price recovered above the $0.0800 resistance level. ADA price is currently trading above the $0.0820 level, with many resistances near the $0.0840 and $0.0850 levels. On the downside, the main support is at $0.0800, below which the price could test $0.0780.

Looking at the total cryptocurrency market cap 4-hours chart, the $158.0 and $160.0B support levels proved significant. The market cap stayed above the $160.0B support and a major bullish trend line. It recovered above the $165.0B level and tested the main resistance near $170.0B and the 50% Fib retracement level of the last decline from the $179.9B high to $158.0B low. On the downside, the main supports are $165.0B and $164.0B. Below the trend line, the market cap could revisit the $160.0B support. On the upside, a clear break above the $170.0B resistance is likely to open the doors for more gains in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Bitcoin’s [BTC] problem is that it’s blind, deaf and dumb, you can’t really do much with it, says Charles Hoskinson

Charles Hoskinson, the CEO of IOHK and Co-founder of Ethereum, spoke about Cardano’s progress since IOHK released ‘Cardano whiteboard and overview with Charles Hoskinson’ video in October 2017, in an interview with Ivan on Tech, on 9 April 2019.
The interview began with Hoskinson stating that the actual inception of Cardano was in 2015, when it was an “aspirational project”. He stated that the team identified three different areas that required focus in order to compete with Bitcoin and Ethereum, while also being unique. This was followed by Hoskinson stating that Bitcoin’s idea was to be decentralized money and to create a decentralized ledger. He said,
“[…] it wasn’t until 2013 that that really solidified and we reached a billion dollar market cap and people said oh cryptocurrencies are here to stay. The problem with Bitcoin is it’s blind deaf and dumb you can’t really do much with it […]”
He stated that even “minor things” such as issuing another asset was a “big, exhaustive effort”. Hoskinson added that Ethereum was created in 2013 using a concept that enabled people to implement “whatever they want on top of that” by adding a programming language to a blockchain. He went on to state,
“[…] the problem is that a definitely scale, it’s not really interoperable with all the other systems, there are over a thousand different cryptocurrencies that matter. And finally, there really is no governance notion with it, there’s no sustainability. So then, who pays and who decides […]”
Hoskinson stated that the 2017 video where he presented the roadmap and overview of Cardano laid out a “collection of ideas” that the team came up with two years earlier. He further stated,
 “[…] what we did is we said alright, let’s launch a cryptocurrency, let’s build a big community  in a big support base around these concepts and then let’s gradually roll the fruits of that research into that cryptocurrency […]”
He added that ever since the release of that video, Cardano has launched its first version, Byron, which got listed on more than 25 cryptocurrency exchange platforms. He added,
“[…] we’ve done five major updates to the network, we have ledger support, mobile wallets, a browser-based wallet. we have a few hundred thousand people floating around our community and we’ve now produced over 40 research papers about 20 of which of got through peer review […]”
Hoskinson further stated that Cardano was “right at the cusp” as the team would be rolling out major innovations on the Mainnet, including the Ouroboros Genesis which, according to him, “would allow to fully decentralize the network” and also be the “best-in-class” Proof-of-Stake [PoS]. He further stated that Plutus was also one of the major updates coming up for Cardano, adding the smart contract programming language to the blockchain.
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Source: AMB Crypto

Crypto Market In Corrective Decrease: Bitcoin Cash, Tron (TRX), XLM, ADA Analysis

The total crypto market cap seems to be struggling near the $178.0B resistance area.
Stellar (XLM) price corrected lower and traded below the $0.1300 support area.
Bitcoin cash price is down around 6% and it may revisit the $280 support level in the near term.
Tron (TRX) price is up more than 3% and it is likely to break the $0.0300 resistance area.
Cardano (ADA) price is down close to 7% and it seems to be heading towards the $0.0800 support.

The crypto market cap is moving lower, with a corrective decrease in bitcoin (BTC) and Ethereum. Ripple, BCH, stellar (XLM), EOS and Cardano (ADA) are down, while Tron (TRX) is gaining traction.
Bitcoin Cash Price Analysis
Recently, we saw a fresh increase in bitcoin cash price above the $300 and $310 levels against the US Dollar. However, the BCH/USD pair failed to gain traction above the $320 and $325 resistance levels. As a result, there was a downside correction below $310.
The price is down around 6% and it is trading near the $300 level. If there is a downside extension, the price may revisit the $280 support level in the near term.
Stellar (XLM), Tron (TRX) and ADA Price Analysis
Stellar price failed to hold gains above the $0.1320 level and recently corrected lower. XLM price is down around 4% and it recently broke the $0.1300 support level. The next key support is at $0.1265, where buyers are likely to take a stand. On the upside, the previous supports at $0.1300 and $0.1320 are likely to act as strong hurdles for buyers.
Tron price is trading nicely today above the $0.0280 resistance level. TRX price is up more than 3% and it seems like it is setting up for a break above the key $0.0300 resistance level. A successful close above the $0.0300 level could push the price towards the $0.0320 level in the coming sessions.
Cardano price failed to settle above the $0.0900 resistance level and it recently declined below the $0.0880 support level. ADA price is down by more than 6% and it is currently trading below the $0.0850 support level. The next key support is near the $0.0820 level.

Looking at the total cryptocurrency market cap hourly chart, there is a strong resistance formed near the $178.0B and $178.5B levels. There could be a double top pattern forming near the $178.0B level and the market cap might start a corrective decrease in the near term. If it breaks the channel support at $171.0B, it could correct lower towards the $165.0B support and a bullish trend line. Any substantial decline is very unlikely, and bitcoin, Ethereum, EOS, stellar, LTC, ADA, EOS, ripple, TRX and other altcoins could bounce back soon.
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Cardano [ADA] Bull Unstoppable After Beating Stellar [XLM] From 8th Largest Spot

It’s no doubt that Bitcoin is catching a bull run since the start of April 2019 – however, other altcoins such as Cardano (ADA) and Bitcoin Cash (BCH) is on their way to outperform the other coins.
The latest market cap of Cardano has skyrocketed which makes it today’s 8th largest cryptocurrency of the market. Consequently, Cardano (ADA) sees the growth of 5.5% and overtook long-standing Stellar (XLM) from its eighth spot.
Source: CoinMarketCap
Crypto market is running a bullish rally with Bitcoin Cash took over Litecoin and stands on 4th largest position, Cardano (ADA) also began touching the new highs. To sail in the top places of Coinmarketcap ranking, Cardano (ADA) first overtook TRON from the 10th spot, then Tether from its 9th position and then stellar from 8th position respectively.
According to the data from Coinmarketcap, ADA presently trades at the value $0.093 against US Dollar and drives the gain of 5.5% over the past 24 hours. In comparison to Stellar (XLM), the average market capitalization of ADA has surged to $2,416,131,194 against XLM’s average trading volume $2,388,887,348.
It’s worth to note that the soaring volume of Cardano (ADA) can be seen on ZBG, Binance, Huobi Global, Upbit, HitBTC, ZB.com, HitBTC, OKEx, and other exchanges. Nevertheless, the trending pairs of Cardano at these exchanges are USDT and BTC, few other includes KRW and ETH correspondingly.

Meantime, yet another exchange, Bitrue has announced ADA listing with multiple pairs. Reportedly, ADA cryptocurrency is the long-awaited listing at Bitrue which comes with the pair of XRP, BTC, and USDT.

Do you think Cardano outperforms Binance’s BNB token in terms of market capitalization? Let us know what you think.
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Source: CoinGape

Crypto Market Pumps 30%: Litecoin (LTC), Bitcoin Cash, TRX, ADA Analysis

The total crypto market cap rallied more than 30% and broke the $165.0B resistance.
Litecoin (LTC) price climbed more than 25% and broke the $75 resistance.
Bitcoin cash price surged close to 50% and traded above the key $250 resistance.
Tron (TRX) price broke the key $0.0240 and $0.0250 resistance levels.
Cardano (ADA) price surged more than 20% and broke the $0.0850 resistance.

The crypto market cap jumped more than $40 billion, with a strong uptrend in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA rallied significantly.
Bitcoin Cash Price Analysis
Bitcoin cash price was one of the best performers in the past few hours against the US Dollar. The BCH/USD pair climbed more than 50% and broke many resistances such as $220, $240, $250 and even $260. The pair traded close to the $275 level and it is currently correcting lower.
On the downside, an initial support is near the $250 level, below which the price may test the $240 support area. On the upside, the main resistance is near the $275-280 zone.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price also followed bitcoin and rallied more than 25%. LTC price started a significant upward move after it broke the $65 and $70 resistance levels. The price even cleared the $80 resistance and traded close to the $85 level. It is currently correcting lower towards the $75 support level. The main support is near the $170 level.
Tron price was a bit slow to react, but it managed to clear the key $0.0240 and $0.0250 resistance levels. TRX price traded above the $0.0275 level and it seems like it may slowly move higher towards the $0.0292 and $0.0300 resistance levels.
Cardano price gained bullish momentum above the $0.0700 and $0.0720 resistance levels. ADA price even broke the $0.0880 and $0.0900 resistance levels before correcting lower. It may test the $0.0800 support level before a fresh increase.

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp upward move once there was a break above the $140.0B resistance level. The market cap gained more than $40.0B from the $130.0B swing low and rallied above the $150.0B and $160.0B levels. It tested the $170.0B level and is currently correcting lower. An initial support is near the $160.0B level, followed by the $155.0B pivot zone. On the upside, a break above the $170.0B level may open the doors for a push towards $176.0B or $180.0B in the coming sessions. Overall, there could be more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day

Coinspeaker
Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day
On Tuesday, Bitcoin price jumped nearly 20% in just under an hour registering massive recovery after heavy consolidation. Along with Bitcoin, altcoins too have joined the bull show.
Bitcoin Price Jumps Over $4600 as Cryptocurrency Market Adds $15 Billion in a Single Day

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto Market Jumps $10 Billion: Bitcoin Cash, Tron (TRX), ADA, IOTA Analysis

The total crypto market cap is accelerating higher above the $140.0B resistance level.
Bitcoin cash price is about to clear the $170 resistance level.
Tron (TRX) is up around 10% and it could accelerate above the $0.0260 level in the near term.
Cardano (ADA) is slowly rising towards the $0.0720 resistance area.
IOTA (MIOTA) is up around 4% and it recently broke the $0.3250 resistance area.

The crypto market is climbing higher, with solid gains in bitcoin (BTC) and Ethereum (ETH). Tron (TRX) rallied more than 8%, and ripple, Litecoin (LTC), IOTA and Cardano (ADA) are trading with bullish moves.
Bitcoin Cash Price Analysis
Bitcoin cash price found support near the $162 level and later bounced back above the $165 level against the US dollar. The BCH/USD pair is currently trading nicely above the $168 level and it is likely to climb above the $170 resistance level in the near term.
On the upside, the next key resistance is at $172, above which the price may revisit the $175 level. On the downside, the key support is $165, followed by the $162 pivot level.
Tron (TRX), ADA and IOTA Price Analysis
Tron price formed a solid support base above the $0.0232 level. Finally, TRX buyers gained traction and pushed the price above the $0.0235 and $0.0240 resistance levels. It opened the doors for more gains and the price rallied above the $0.0250 level. The next key stop for buyers is near the $0.0260 level.
Cardano price recently climbed above the $0.0700 level and later started consolidating gains. ADA price is currently moving higher and it may soon test the $0.0720 resistance. A clear break above $0.0720 is likely to open the doors for a push towards the $0.0750 level. On the downside, the main support is at $0.0700.
IOTA (MIOTA) started a decent upward move above the $0.3100 resistance levels. It broke the $0.3180 and $0.3200 resistance levels and it is currently trading above the $0.3250 level. The next stop for buyers could be $0.3500.

Looking at the total cryptocurrency market cap hourly chart, there was a slow and steady rise above the $135.0B and $137.0B resistance levels. The market cap even broke the $139.0B and $140.0B resistance levels. The current bias is very positive and suggests more gains above the $142.0B and $144.0B levels in the near term. On the downside, there are many supports near the $139.0B level, which was a resistance earlier. There is also a major bullish trend line in place with support near the $139.0B level. Overall, the market is placed nicely in a positive zone, and there could be more upsides in bitcoin, Ethereum, EOS, ripple, IOTA, litecoin, BCH, ICX, EOS, XLM, and other altcoins.
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Crypto Market Wrap: Bitcoin Dominance Hits Seven Month Low, About to Drop Below 50%

Crypto markets cooling as the week ends; Cardano, Tezos and BAT climbing, Maker pulling back.
Market Wrap
Crypto markets are ending the week on a high but it remains to be seen if the momentum will continue into the weekend. Total market capitalization has remained over $140 billion but resistance levels still appear too strong for the majors to overcome.
Bitcoin hit an intraday high of $4,090 a couple of hours ago before sharply pulling back again as if stung by this price. It is currently trading at $4,040 which is pretty much where it was this time yesterday. On the week BTC is marginally higher but it still cannot overcome this resistance barrier as its market dominance continues to get eaten away by altcoins.
Ethereum is still stuck at $138, immobile over the past 24 hours and the best part of the past week. Market cap remains at $14.5 billion and there has been little activity for ETH for a while now. Likewise with XRP which still stuck at $0.308 and trading sideways.
The top ten has turned red over the past couple of hours of Asian trading, though declines are marginal. The only altcoin in the green is Cardano which has held on to its top ten position with a further gain of 4% on the day to take ADA to $0.068 (1700 satoshis). Despite being one of the biggest losers in the bear marker the Cardano team have soldiered on with IOHK Founder Charles Hoskinson making several public appearances to bolster the industry and project. The rest of the top ten has dipped a percent or so since yesterday and EOS is cooling off after its solid run this week.
Tezos is one of the few altcoins in the top twenty posting a gain on the day as XTZ adds 6% taking price to $0.803. Over the past month Tezos has doubled in price and climbed the market cap chart to its current spot at 19th. Dash has also made a little today with 1.8% gained while those around it are dropping back a little. Maker has dumped the most losing 6% over the past 24 hours.
FOMO: Repo Reaping It
The top performer in the top one hundred at the time of writing is REPO with a 16% gain to $0.547. The chart spikes look very unnatural however so this one is likely to dump just as quickly. There have been no updates to the official twitter feed for Repo Coin for over a month. KuCoin Shares and BAT are the only other two altcoins with double digit gains at the moment as both climb by 11%.
Decentraland is falling hard with 17% lost over the past 24 hours as it dumps yesterday’s pump. ABBC Coin is the only big loser today with a 10% slide.
Bitcoin market dominance 12 months. Coinmarketcap.com
Total market capitalization has lost a billion dollars over the past day and is down to $141 billion. A couple of ominous looking chart spikes were quickly countered but markets are still up marginally from this time last Friday. Daily volume is around $32 billion as Bitcoin’s dominance continues to fall closer to that 50% level hitting its lowest point since August 2018.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Emurgo-Ledger Partnership Fuels Cardano (ADA) Demand, up 23 Percent

Cardano price up 21.9 percent from last week’s close
Ledger Nano S now supports ADA
A breakout above 6 cents at the back of high transaction volumes means bulls are in control

Ledger Nano S now supports Cardano (ADA) after Yoroi’s integration with the hardware wallet maker. Because of their superior market share, Ledger’s support is beneficial for ADA since more users would be willing to invest and securely hold their assets. Meanwhile, increasing demand could further drive Cardano (ADA) prices above 9.5 cents towards 20 cents.
Cardano Price Analysis
Fundamentals
Holders of Cardano (ADA) can now purchase Ledger Nano S and confidently store the coin’s private keys, Emurgo and Ledger have announced. The integration began yesterday after Emurgo, the business wing of the Cardano triage, said Yoroi, the native wallet of ADA, was now supported by ledger devices.
“Ledger, a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications, and EMURGO – the official commercial arm of Cardano, the first peer-reviewed third generation blockchain – are excited to announce full integration of Cardano’s ADA with the Ledger Nano S.”
No doubt, this is a step in the right direction and cements Cardano’s figureheads drive towards making the smart contracting platform mainstream. As the first peer-reviewed and innovative platform, the projects aim is to dislodge Ethereum through a scalable and secure network where quality over quantity (of development and code) is always a top priority.
Besides, while this integration secures user interest, it also reveals Cardano’s preferences. Ledger is a de-facto leader and since inception, it has sold more than 1.5 million devices. Furthermore, it is also the only wallet with certification from the thorough French Cybersecurity Authority, the CSPN.
Candlestick Arrangement

At the time of press, Cardano (ADA) is ahead of the pack, outperforming other assets and up 23 percent from last week’s close. It is the ninth most valuable coin, closing in on USDT and Binance Coin. From candlestick arrangement, we expect ADA to add to their gains.
Not only is it trading within a bull breakout pattern after clearing the 4.5 cents resistance level but accompanying volumes are highs. Because of high participation, BB is widening. Besides, ADA bull bars are banding along the upper BB meaning momentum is equally high favoring buyers.
As a result, every low should be a buying opportunity. The ideal first minor target should be Q2 2018 highs at 9.5 cents.
Technical Indicators
As prices edge higher, transaction volumes should exceed Mar 23 average of 231 million. It is no doubt that sustained volumes would easily propel prices to 9.5 cents.
Chart courtesy of Trading View
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Cardano [ADA] price set to bounce off resistance and head downwards; Here are the important levels to look out for

Cardano, the tenth largest cryptocurrency on CoinMarketCap had a decent rally over the past few days. The price of the cryptocurrency surged by 133% since December 16, 2018. However, the rally seems to be coming to an end as price candles have formed at the end of the ascending channel/rising channel.
Will the rally continue? Will the rally hit a roadblock and bounce back? If so, what are the levels to look for?
1-day
Source: TradingView
The one-day chart of Cardano showed the formation of a rising or ascending channel. This is a bullish pattern, provided a few conditions are met. These conditions include rising volume and divergence between price and other indicators, like RSI.
However, the current channel shows a higher probability of the price breaking to the downside due to two reasons.

The volume is declining after reaching a peak on March 23, 2019
There is a resistance [$0.06925] at the end of the channel

These two reasons are further corroborated by the Relative Strength Index, which was in the oversold zone. This indicated that the price has exhausted its buying momentum and has nowhere left to go, but downside.
Fibonacci Retracement Confirmation
Source: TradingView
After the previous surge in price took place between December 16, 2018, and January 10, 2019, the prices corrected from $0.05245 to a support at $0.03617, which also happened to be closest to the 61.8% Fibonacci level.
The Fibonacci Retracement for ADA in the current ascending channel shows a possible retracement to 61.8%, which also happens to be a support level at $0.04962.
Conclusion
Cardano seems to have exhausted its bullish momentum as it rallied one last time. The volume of Cardano showed a possible move to the downside. The following levels could be a possible correction for ADA if it broke to the downside, i,e $0.04962. Other supports for ADA are at $0.04523, $0.03617, and $0.02720.
The Cardano Ecosystem
There were quite a few updates, ranging from managerial restructuring to exchange announcements in March 2019, all of which could be speculated to have caused a surge in price. The most recent one was the integration of Cardano [ADA] with the cryptocurrency hardware wallet Ledger.
Additionally, Cardano became a founding member of the International Association for Trusted Blockchain Application [INATBA].
Other major updates in the Cardano ecosystem include the launch of the 1.5 main net. The release was part of the concluding stages of the Byron phase of development, including an improved proof-of-stake protocol. This development would ensure better block storage, the inclusion of the Daedalus wallet for Linux, the Cardano testnet, and an increase of Rust tools and other features within the coin’s ecosystem.

With the introduction of #Shelley, #ADA bears watching – decentralization of the network and stake pools may take ADA to the next level. #Cardano
— Weiss Ratings (@WeissRatings) March 25, 2019

Further, the Shelley update, which is yet to hit Cardano is much-awaited and a lot of users and ADA enthusiasts believe that it will help Cardano become more decentralized.
The post Cardano [ADA] price set to bounce off resistance and head downwards; Here are the important levels to look out for appeared first on AMBCrypto.
Source: AMB Crypto

Binance to Begin New Trading Pairs for Cardano [ADA] and NEO

Despite the shattering crypto market, Binance spotted as the only exchange ruling crypto market with fortunate trading volume. The exchange has recently announced new trading pairs to Cardano (ADA) and NEO (NEO) which consequently hit trading on March 27.
Per the announcement, Binance exchange will list Cardano ADA with pairs of ADA/PAX, ADA/USDC, and NEO as NEO/PAX and NEO/USDC. The blog further reads that the trading of ADA and NEO with these pairs will begin on March 27 at 4:00 AM (UTC).

#Binance Adds $ADA / $PAX, $ADA / $USDC, $NEO / $PAX and $NEO / $USDC Trading Pairshttps://t.co/7D0bYUyA2L pic.twitter.com/t2Z6TPromf
— Binance (@binance) March 26, 2019

New Trading Pairs to Cardano (ADA) and NEO (NEO)
Like Binance, Cardano or ADA is the sole coin that blinks green among top 20 cryptocurrencies. Following the announcement of new trading pairs, ADA is up with 0.18% within a couple of hours and managed to trade at the value $0.06 against US Dollar.
Nevertheless, the quick look at the ADA’s trading volume reveals that the Binance exchange contributes significant trading. As such, ADA with USDT and BTC performs higher than other exchanges including Huobi global, ZBG, UPbit, HitBTC, Bithumb and unlike.

With Cardano, NEO, the 17th largest cryptocurrency will also trade with new pairs on Binance exchange. Anyone with PAX and USDS holdings can hit Binance to buy/sell/trade NEO cryptocurrency. At the moment, the NEO token is trading at $8.93, declining with 2.64 percent over the past 24 hours.

What do you think about Binance adding new trading pairs to ADA and NEO? Do you think it influences the value of these cryptocurrencies? Share your thoughts with us 
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Source: CoinGape

Crypto Market Back In Red: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap failed to move above the $134.0B resistance and declined heavily.
Litecoin (LTC) price moved down and broke the $62 and $60 support levels.
Bitcoin cash price is down more than 4% and it recently broke the $160 support level.
Tron (TRX) price declined recently, but it is still above the key $0.0220 support.
Cardano (ADA) price is currently consolidating above the $0.0600 support level.

The crypto market cap declined heavily, with strong bearish moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA are likely to struggle in the short term.
Bitcoin Cash Price Analysis
Bitcoin cash price failed to clear the $165 resistance recently and declined against the US Dollar. The BCH/USD pair started a downside move and broke the $162 and $160 support levels. The price is down more than 4% and it seems like it could accelerate losses towards the $158 or $155 support levels.
On the upside, an initial resistance is near the $162 level. If there is an upside break above $162, the price is likely to revisit the key $165 resistance area in the near term.
Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis
Litecoin price performed really well this past week and traded above the $60 and $62 resistance levels. However, the price struggled to remain in a positive zone and it recently declined below the $60 support. LTC price may continue to move down and it could retest the $55 support level.
Tron price struggled to clear the $0.0230 resistance level and it recently declined. TRX price is down around 2%, but it is still trading above the $0.0222 and $0.0220 support levels. On the upside, the main hurdle is near $0.0230 and $0.0232.
Cardano price climbed higher in the past few days above the $0.0550 and $0.0580 resistance levels. ADA price even broke the $0.0600 resistance and it is currently consolidating gains. The next move could either be towards $0.0550 or $0.0650 in the near term.

Looking at the total cryptocurrency market cap hourly chart, there was a slow and steady decline from the $134.0B resistance level. Later, the market cap declined below the $132.1B support, opening the doors for more losses. It declined below $130.0B and tested the $129.0B level. It is currently correcting higher, but upsides are likely to remain capped near the $131.5B and $132.0B levels. There is also a crucial bearish trend line in place with current resistance at $132.1B on the same chart. Therefore, upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, XMR, XLM and other altcoins are likely to face a lot of hurdles in the near term.
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Cardano is a multi-ledger system that will support multi-currencies, says Charles Hoskinson

Charles Hoskinson, the creator of Cardano and CEO of IOHK, organized a surprise Ask Me Anything session on his YouTube channel on March 24, 2019. In this session, the CEO covered various topics such as the Roadmap update, the release of training materials, Cardano’s status as a multi-asset ledger, and EOS centralization.
On being asked about the roadmap update, Charles Hoskinson assured that it would be announced during the IOHK summit being held between April 17-18, 2019 in Miami.
Hoskinson further spoke about whether ADA would be the only cryptocurrency for the entire Cardano ecosystem, or there would be more currencies introduced in the future. He stated that it would not be a “particular usual financial system,” if users cannot issue their own assets, adding that Cardano was a multi-ledger system that would support multi-currencies.
Hoskinson went on to say,
“And, we think we have a great strategy for handling that, I’ve partnered with somebody personally who’s in the ICO market to see what we can do about bringing STOs to our platform as well or at least ensuring inter-operability standards. So, we will be a multi-asset ledger.”
Additionally, Hoskinson remarked that EOS “felt like centralization,” rather than a “perfectly legitimate product.” He added that he failed to see any differentiation between deploying something on EOS versus deploying something on Amazon. The Co-founder of Ethereum said,
“[…] expect for being much more expensive, unpredictable pricing and lower quality of service and also when things go wrong, and have no recovery mode outside of begging a committee of people to save you […] This is not innovation, this is just application old concepts and then bolting on poorly conceived governance system and cutting a lot of poor facilities.”
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Source: AMB Crypto

Cardano [ADA] Defeated TRON [TRX] To Capture 10th Spot with Bullish Run

Cardano (ADA) is all set to enjoy crypto party this weekend as it surpassed the 10th largest crypto, TRON (TRX) today. At the moment, ADA hits bullish market cap with almost 8 percent growth and counts as the 10th largest cryptocurrency.
According to data from Coinmarketcap, ADA sits comfortably as the 10th largest cryptocurrency with the growth of 7.72 percent within a couple of hours. With this, it defeated TRON (TRX) from its position and trading with the value $0.05 against US Dollar. 
Moreover, ADA cryptocurrency held a brief surge in average trading as compared to TRX’s market cap. Consequently, former stands with $1,526,387,124 trading volume while latter with $1,526,387,124.
Image source – coinmarketcap
One specific reason that spiked the price of ADA is what curious many of us. Well, many speculate that the latest release of an upgrade to Cardano has quickly influenced its value. Consequently, ADA’s bull flag is a result of Carano 1.5 upgrade released on Cardano mainnet. As officially announced ‘ it is a milestone’ which had excited many crypto enthusiasts to find the figure as to how well ADA will go further.
Today we release Cardano 1.5 on the Cardano mainnet. The Cardano 1.5 release is a milestone because it is the last major Cardano release of the Byron development phase, which we have been in since the launch of mainnet.
Moreover, Cardano’s twitter account released yet another update that says about Cardano 1.5.1 upgrade. As per the announcement, this upgrade is to fix two issues – and not as major as Cardno 1.5 is. As Coingape reported; Cardano 1.5.1 will solve data migration issue and an issue causing log rotation for the frontend logs not to work.
Furthermore, the official announcement goes as follows;

IOHK has released Cardano 1.5.1 on the Cardano mainnet. The Cardano 1.5.1 release is a small update which fixes two issues. The update will be delivered via a prompt in Daedalus to all users shortly. To read more, click here: https://t.co/Fk3HZr4Aea
— Cardano Foundation (@CardanoStiftung) March 22, 2019

Speaking of volumes, ADA is already walking at upside move and took over TRX. Given that, do you think ADA will surge further to capture the 9th spot where Tether (USDT) is standing at present? Share your views
The post Cardano [ADA] Defeated TRON [TRX] To Capture 10th Spot with Bullish Run appeared first on Coingape.
Source: CoinGape

Cardano [ADA] Price Analysis: Coin’s price to move upwards in the long term

The eleventh largest coin on CoinMarketCap, Cardano [ADA], was trading within the $45 to $54 range during the past week.
At press time, the crypto asset held a market cap of $1.42 billion, and was priced at $0.054. The digital asset registered a 24-hour trading volume of $49.48 million. ADA exhibited a growth of 2.16% against the US dollar over the past 24 hours, while a significant growth rate of 16.01% was recorded over the past seven days.
The Cardano community previously announced the integration of Ledger hardware wallet into the ADA ecosystem in order to address scalability, interoperability, and sustainability issues.
It has also been speculated that Coinbase Pro would add support for ADA, by the end of 2019’s second quarter.
1-hour
Source: TradingView
ADA’s one-hour chart exhibited an uptrend from $0.047 to $0.050, and another uptrend from $0.050 to $0.054, which can be attributed to the aforementioned upgrades. No significant downtrend was observed on the chart, following the bullish recovery last week. The immediate resistance was at $0.055. The support for the coin was found at $0.047.
Bollinger Bands: The mouth of the bands depicted high volatility in the coin’s price
Awesome Oscillator: The closing bars of the indicator were green and suggested bullish price momentum for Cardano.
Chaikin Money Flow: The CMF continued to tread above the zero-line, indicating that money was flowing into the ADA coin market. Hence, a bullish price pattern was pictured for the crypto asset.
1-day
Source: TradingView
The candlestick arrangement on the one-day chart of ADA showed a minor uptrend from $0.029 to $0.043, and a major downtrend from $0.12 to $0.049. The immediate resistance for the digital asset was marked at $0.105, while the immediate support stood firmly at $0.038 and at $0.029.
Parabolic SAR: The dotted markers were below the candlesticks, and indicated that the coin was following a bullish trail.
MACD: The MACD line was above the signal line and depicted a bullish course for Cardano’s price.
Klinger Oscillator: The reading line was also above the signal line for KO, posting a bullish pattern for the crypto coin.
Conclusion
The short-term indicators for Cardano [ADA] exhibited mixed signals with high volatility and possible price breakouts. The long-term indicators, however, projected strong bullish pattern for the coin’s price.
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Source: AMB Crypto