Litecoin [LTC] Price Analysis: Bullish movement imminent as token exhibits positive price fluctuation

The fourth largest coin on CoinMarketCap, Litecoin [LTC] was trading within the $59-$63 range last week, witnessing significant surges that breached the coin’s resistances. The bulls, however, failed to push the coin above the anticipated $65 mark.
At press time, the crypto asset held a market cap of $3.67 billion and was priced at $60.16. The digital silver registered a 24-hour trading volume of $1.66 billion. LTC exhibited a growth of 1.66% against the US dollar over the past 24 hours, while it fell by 1.50% over the past seven days.
Coinall contributed the highest trading volume for the coin, accounting for 9.10% via the LTC/BTC trading pair. It was followed by Coinall with 4.88% of the trading volume.
1-hour
Source: TradingView
Litecoin’s one-hour chart exhibited an uptrend from $58.85 to $60.98, while another uptrend from $57.34 to $60.85 was later recorded after a brief bear run. A small downtrend from $62.90-$60.83 was registered on the chart. The support for the coin was found at $56.74, while the resistance was at $65.
Bollinger Bands: The mouth of the bands depicted growing volatility in LTC’s price movement.
Awesome Oscillator: The closing bars of the indicator were green, indicating bullish price momentum for Litecoin.
Klinger Oscillator: Post a bearish crossover, the reading line continued to tread below the signal line.
1-day
Source: TradingView
The candlestick arrangement on LTC’s one-day chart exhibited an uptrend from $32.79 to $45.68, and a longer downtrend from $55.82 to $34.08. The immediate resistance for the digital asset was marked at $67.78, while the immediate support stood firmly at $30.55 and $24.10.
Parabolic SAR: The dotted markers were below the candlesticks and predicted a bullish movement for the coin.
Chaikin Money Flow: The CMF continued to tread well above the zero-line, indicating money inflow into the LTC coin market. Hence, a bullish price trend was predicted for the coin.
MACD: Post a bearish crossover, the MACD line was treading below the signal line.
Conclusion
The short-term indicators for Litecoin [LTC] exhibited mixed signals, with significant volatility and potential price breakouts being predicted. The long-term indicators projected bullish pattern for the digital crypto’s price.
The post Litecoin [LTC] Price Analysis: Bullish movement imminent as token exhibits positive price fluctuation appeared first on AMBCrypto.
Source: AMB Crypto

Amazon Partners with Worldpay: Is e-Commerce Behemoth Getting Closer to Ripple?

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Amazon Partners with Worldpay: Is e-Commerce Behemoth Getting Closer to Ripple?
Amazon and Worldpay have announced their partnership in the framework of which Worldpay will fully enable Amazon Pay for its merchants.
Amazon Partners with Worldpay: Is e-Commerce Behemoth Getting Closer to Ripple?

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Source: CoinSpeaker

Vitalik Buterin Allegedly Cashed Out $40 Million ETH Tokens In Early 2018

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Vitalik Buterin Allegedly Cashed Out $40 Million ETH Tokens In Early 2018
A sneak peek into Buterin’s account highlights the ETH holdings of the Ethereum founder and his cashing-out into fiat currencies in the last four years.
Vitalik Buterin Allegedly Cashed Out $40 Million ETH Tokens In Early 2018

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD Broke Out at $0.31 Targeting $0.30 Price Level

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XRP Price Analysis: XRP/USD Broke Out at $0.31 Targeting $0.30 Price Level
Further increase in the Bears’ pressure will make XRP to find its support at $0.30 demand level. In case the demand level of $0.30 holds, the XRP price will bounce and rally towards the north.
XRP Price Analysis: XRP/USD Broke Out at $0.31 Targeting $0.30 Price Level

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Source: CoinSpeaker

Facebook in Hot Water as the Company Stored Millions of User Passwords Improperly for Years

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Facebook in Hot Water as the Company Stored Millions of User Passwords Improperly for Years
It seems that Facebook is in “hot water” again as the company stored millions of user passwords improperly for years.
Facebook in Hot Water as the Company Stored Millions of User Passwords Improperly for Years

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Source: CoinSpeaker

IOTA [MIOTA] surges by 7% as retail expansion prospects brighten following Zeux App integration

IOTA [MIOTA], the 14th largest coin in the market was buoyed by its recent integration with the Zeux platform, resulting in the coin surging by 7% against the US Dollar. The coin closed the gap with the privacy-centric Monero [XMR], and trailed the latter by $15 million, at press time.
Zeux announced the MIOTA addition on 21 March via a Medium blog post, and added that this integration will boost the coin’s retail use. Merchants that cater to Apple Pay and Samsung Pay users will now accept MIOTA as well.
The Zeux platform will roll out in Europe by April, and will enter the US in 2020. The application claims to be a “digital banking solution for both fiat and cryptocurrencies,” and plans on tying up with several merchants at the retail level. Zeux already received its license from the UK’s top regulatory body, the Financial Conduct Authority.
Their tweet announcing the integration stated,
Source: Twitter
Frank Zhou, Founder and CEO of Zeux, believes that the partnership will help propel cryptocurrencies into mainstream retail use. Zhou is looking forward to working with IOTA’s Tangle technology, a Distributed Ledger Technology [DLT] facilitating machine-to-machine interactions, seamless micropayments, and data transfers. Referencing Tangle, he said,
“As a distributed ledger with zero transaction fees, The Tangle is a very promising chain for us to build our customer data Dapp.”
Source: Trading View
IOTA was trading at a stagnant price level of $0.291, with a brief surge to $0.302 on 16 March. After dropping to $0.285, the coin later saw a massive increase of 7.97 percent and pushed the price to $0.308.
The rise continued with the coin reaching $0.315 in the next six hours, peaking at $0.323 on 22 March. At press time, the coin was trading at $0.319. This was the coin’s highest price since 24 February.
In terms of market capitalization, the coin was hovering around the $830 million mark, prior to a drop to $806 million. Following this, the coin’s valuation shot up to $876 million, peaking at $899 million. At press time, the market cap had dropped by over $10 million, and was valued at $887 million.
The South Korean exchange, UPbit, took the top spot in terms of IOTA trade volume, accounting for over 27.6 percent of the total volume in the trading pair IOTA/KRW. Other prominent exchanges in the MIOTA market were Binance, Bitfinex, and Huobi Global.
Zeux had previously integrated Qtum [QTUM] on its application, resulting in a whopping 36 percent price hike for the coin.
The post IOTA [MIOTA] surges by 7% as retail expansion prospects brighten following Zeux App integration appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Price Analysis: Price breakout imminent as bears control silver coin

The fourth largest coin on CoinMarketCap, Litecoin [LTC] was trading within the $59- $62 range after a short surge.
At press time, the crypto asset held a market cap of $3.60 billion, and was priced at $59.12. The crypto asset registered a 24-hour trading volume of $1.74 billion. LTC exhibited a decline of 2.32% against the US dollar over the past 24 hours, while a growth rate of 3.98% was recorded over the past seven days.
Coineal contributed the highest trading volume for the coin, accounting for 7.98% via the LTC/BTC trading pair. It was followed by Coinall and DigiFinex with 4.22% and 3,66% of the trading volume, respectively.
1-hour
Source: TradingView
Litecoin’s one-hour chart showed an uptrend from $52.39 to $55.86, and another uptrend from $57.90 to $60.29, fueled by the coin’s recent bull run. A downtrend from $55.82-$34.08 was registered on the chart. The support for the coin was found at $52.39.
Bollinger Bands: The mouth of the bands depicted growing volatility in LTC’s price movement.
Awesome Oscillator: The closing bars of the indicator were red, indicating a bearish price momentum for the crypto asset.
Chaikin Money Flow: The CMF continued to tread above the zero-line, indicating that money was flowing into the LTC coin market. Hence, a bullish price trend was predicted for the coin.
1-day
Source: TradingView
The candlestick arrangement on LTC’s one-day chart exhibited an uptrend from $32.79 to $45.68, and a longer downtrend from $55.82 to $34.08. The immediate resistance for the digital asset was marked at $67.78, while the immediate support stood firmly at $30.55 and at $24.10.
Parabolic SAR: The dotted markers were below the candlesticks, and pictured the coin in a bullish environment.
MACD: Post a bearish crossover, the MACD line was treading below the signal line.
Klinger Oscillator: The KO indicator also sustained a bearish crossover, following which the reading line was below the signal line.
Conclusion
The short-term indicators for Litecoin [LTC] exhibited mixed signals, with significant volatility and potential price breakouts being predicted. The long-term indicators echoed strong bearish projections for the digital crypto’s price.
The post Litecoin [LTC] Price Analysis: Price breakout imminent as bears control silver coin appeared first on AMBCrypto.
Source: AMB Crypto

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.
The post Cardano [ADA] Price Analysis: Coin’s price to move upwards in the long term appeared first on AMBCrypto.
Source: AMB Crypto

Report Claims Bitcoin and Altcoin Correlation Slowly Fading, Could This be a Sign of a Maturing Market?

The volatile price action in the crypto markets over the past year and a half has proved to investors that despite each major altcoin having (mostly) unique features and use-cases, their prices are still extremely influenced by the overall market price action, and especially that of Bitcoin.
Now, a recent research report conducted and published by cryptocurrency exchange Binance gives a significant amount of insight into how correlated various cryptocurrencies are with Bitcoin, other altcoins, and the US Dollar, and highlights an interesting trend developing in the first few months of 2019 and over the past year.
Altcoin to Bitcoin Correlation Slowly Fading
The report, which was released March 20th by Binance Research, takes a deep dive into the correlations between multiple time periods and multiple cryptocurrencies in terms of returns, and highlights the “elements that may influence the strength and direction of these correlations.”
Analysts and investors alike have long viewed the notoriously high correlation between nearly all cryptocurrencies as a sign of the market’s immaturity, as only seldomly do individual altcoins move on their own accord regardless of the overall market conditions.
The report importantly notes that the correlation of returns between various altcoins and Bitcoin over the past three months has been fading significantly.
“The correlation of cryptoasset returns based on BTC prices (i.e., Bitcoin-adjusted returns), highlights significantly lower correlations among cryptoassets relative to correlations among the same coins in USD returns,” the report explains.
With this in mind, it does, in fact, appear that the 2018 Bitcoin price crash – which sent virtually all cryptocurrencies spiraling downwards – has led to a lower correlation amongst cryptocurrencies – especially in terms of monetary returns – which could mean that future price cycles (including both bull runs and bear crashes) will not cause the entire markets to move as one, with individual altcoins moving on their own accord. If this trend continues to develop, then this would be a sign of a rapidly maturing market.
Furthermore, although the Bitcoin / altcoin correlation has been fading significantly over the past three months, the trend actually started last year following the crypto market crash.
“Correlations of cryptoasset returns in BTC terms in late 2018 were much lower compared to late 2017,” the report explains.
Altcoin to USD Return Correlation Increasing 
Although most cryptos are slowly beginning to move on their own merit, separate from how Bitcoin moves, their returns in terms of USD have been gradually increasing.
“Correlation between cryptoasset returns in USD terms actually increased when comparing the same two periods,” the report explains, adding that this correlation has “coincided with the rise of stablecoins pair dominance during 2018 and is in line with the overall decline in the contribution of BTC pairs to total industry trade volume.”
The entrance of a myriad of new stable coins into the crypto markets has had an obvious effect on the market dynamics, as traders are no longer forced to trade altcoins against Bitcoin.
As more exchanges offer direct USD trading pairs, and more stable coins enter the markets, it is likely that trading altcoins against Bitcoin will become increasingly rare, which will likely perpetuate the current return decorrelation trend, which could ultimately help the markets grow in maturity and reduce the magnitude of market movements.
Featured image from Shutterstock.
The post Report Claims Bitcoin and Altcoin Correlation Slowly Fading, Could This be a Sign of a Maturing Market? appeared first on NewsBTC.
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John McAfee on Bitcoin, BlockFi faces backlash and more

Crypto News – 21st March – John McAfee on Bitcoin, BlockFi faces backlash and more
Don’t forget to follow us for the daily video#cryptocurrency #CryptoTwitter #CryptoNews #Bitcoin #OTZ #altcoinnews #Altcoins @officialmcafee pic.twitter.com/aAEnLmr8ut
— AMBCrypto (@CryptoAmb) March 21, 2019

Daily Crypto News – 21 March
Coindcx launches lending program: Indian crypto exchange, Coindcx, announced the launch of Dcxlend, a crypto-lending program, that will support five cryptocurrencies, including Bitcoin and XRP.
Read more at https://bit.ly/2Cw1wEe
Ledger’s CEO on the cryptoverse: Eric Larchevêque, CEO of the hardware wallet manufacturer, Ledger, stated that financial institutions want to build a back office using cryptocurrency and its underlying technology.
Read more at https://bit.ly/2HJyODf
Facebook joins crypto race: The Mark Zuckerberg-led social media giant is stepping up its crypto project, and is looking for a lead counsel to head its Blockchain division.
Read more at https://bit.ly/2TplUMS
Mike Novogratz on Satoshi Nakamoto: Bitcoin advocate and billionaire is in the news again after he claimed that people should bow down to Satoshi Nakamoto, and thank him for the creation of the world’s premier cryptocurrency.
Read more at https://bit.ly/2ujAEmj
Vitalik Buterin on ICOs: Buterin, the creator of the world’s second largest cryptocurrency and smart contracts platform, Ethereum, claimed that ICO boom would have happened, regardless of the ETH platform
Read more at https://bit.ly/2FnOzwD
Cryptocurrency users surged in 2018: According to a report filed by Silvergate Bank with the United States’ SEC, despite the ongoing crypto-winter, the cryptocurrency user base shot up by 122% in 2018.
Read more at https://bit.ly/2UMWNF9
The post John McAfee on Bitcoin, BlockFi faces backlash and more appeared first on AMBCrypto.
Source: AMB Crypto

Vitalik Buterin: If the Price is Zero, Then the Network Can’t Be Secure

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Vitalik Buterin: If the Price is Zero, Then the Network Can’t Be Secure
In his recent interview, Vitalik Buterin explained why Ethreum price is important for the crypto industry and answered to many other questions.
Vitalik Buterin: If the Price is Zero, Then the Network Can’t Be Secure

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Source: CoinSpeaker

Crypto Trading Needs Something Fresh, and Streamex Delivers

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Crypto Trading Needs Something Fresh, and Streamex Delivers
Crypto market is still away from reaching its full potential, and new players should be incentivized to enter the field. Streamex.io comes up with a fresh solution.
Crypto Trading Needs Something Fresh, and Streamex Delivers

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Source: CoinSpeaker

Bitmain’s latest Antminer Z11 sold out in 20 minutes; Norway branch shuts down following revoke of electricity subsidies

Bitcoin mining behemoth Bitmain’s latest Z11 miner roll-out was reportedly sold out within 20 minutes after the pre-selling phase on its official website. Bitmain unveiled a new version of its Antminer Z series machines to mine Equihash-powered Proof-of-Work coins like Zcash on March 19.
Dubbed as the Antminer Z11, the new release claims to pack three times more hashing power than its precursor Z9. In a blog post, the exchange claimed,
“It is by far the leading model by performance to mine such cryptocurrencies.”
According to the Beijing-based mining giant, the latest miner offers a hashing power of 135 KSol/s and is three times more powerful than the Antminer Z9, which was released in May 2018. The post further claims that the miner saves up to 60% of electricity cost as compared to its predecessor Z9.
Antminer Z11, which uses Bitmain’s latest proprietary 12 nm chip, is equipped with a newly designed internal circuit structure with a power-efficiency of 10.50 J/KSol. Another feature that the latest version of Antiminer boasts of is ‘light’ weight, which stands at 5.4 kg despite its massive hashing capability.
Antminer Z11 will initiate the shipping process shortly, the blog confirmed.
The previous Z9 was launched at a time when the ZCash community voted against prioritizing research efforts to discourage the use of ASIC mining equipment. Talking about the huge turnout against gearing toward ASIC-resistance, Andrew Miller, the president of the Zcash Foundation, said,
“This is a fairly strong signal of disagreement. My interpretation of this is that we’re not going to make any hasty decisions like diverting all of the Zcash Foundation resources to promoting ASIC resistance.”
Earlier, Bitmain had been notoriously secretive about its operations but has now claimed to provide more transparency to the Zcash market. The blog stated,
“These commitments to transparency will continue to provide the Zcash foundation and community with the security, reliability and accessibility they desire of manufacturers.”
The world’s largest producer for ASIC machinery, Bitmain, has been surrounded with reports of facing a huge loss of approximately $500 million in Q3 last year. Also, the company was reportedly selling their old generation S15 miners at around 30% below their actual value. Samson Mow, the CSO at Blockstream, who also happens to be a Bitmain critic, had earlier tweeted that the exchange’s financials were weak.
Bitmain’s revenue and its userbase fell sharply during the beginning of the crypto winter in 2018 in a colossal difference as pictured during the 2017 bull phase when Bitmain recorded a remarkable profit with its annual profit ranging between $3 to $4 billion.
The post Bitmain’s latest Antminer Z11 sold out in 20 minutes; Norway branch shuts down following revoke of electricity subsidies appeared first on AMBCrypto.
Source: AMB Crypto

Nasdaq, Bloomberg and Reuters Add CoinMarketCap Crypto Indices

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Nasdaq, Bloomberg and Reuters Add CoinMarketCap Crypto Indices
Two CoinMarketCap’s crypto benchmark indices have been launched on its platform as well as on the leading financial data feeds.
Nasdaq, Bloomberg and Reuters Add CoinMarketCap Crypto Indices

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Source: CoinSpeaker

Fundamental Analyst: 90% of Smaller Crypto Projects Will Result in Complete Loss

As the crypto market begins to pick up steam once again, Bitcoin has stabilized and been on a slow and steady climb, and traders everywhere are rejoicing over the apparent alt season that is upon us.
However, before crypto investors begin to celebrate the beginnings of the next bull run, one fundamental-focused crypto analyst believes that the vast majority of cryptocurrencies in the market will result in “complete loss” for investors, who are essentially playing the role of venture capitalists by funding projects with little to no use case or real world traction.
Crypto Investing is No Get Rich Scheme, Assume 90% Failure Rate
A self-proclaimed fundamental analysis-oriented crypto trader has taken to Twitter to express his concerns in investing in smaller crypto projects, comparing crypto investors to venture capitalists who invest in startups with an impossibly high rate of failure.

Failure can be a gradual process, or a sudden one, failure can be complete or partial, but assuming that 90% of your investments in smaller crypto projects will result in a complete loss is a pretty realistic starting point.
— Wolf of Qtrade.io (@cryptic_monk) March 18, 2019

The trader’s concerns are less about investing in cryptocurrencies, even the smaller projects he warns could result in “complete loss,” and more about the fact that uninformed cryptocurrency investors don’t appear to understand the risk to reward ratio in investing in cryptocurrency projects. He claims small crypto projects are unproven, often have tiny teams, and are more akin to startups.

The most common crypto project (by numbers) consists of a relatively small core team, say, one really dedicated person up to maybe 25 core team members, a few hardcore fans, and a somewhat larger, loosely attached community consisting mostly of hopeful "investors".
— Wolf of Qtrade.io (@cryptic_monk) March 18, 2019

“No matter how these small projects are financed (via an ICO, premine, fair launch, dev reward, self-funded etc.), they are essentially young startups in a completely unproven technological field. Such startups are known to have an extremely high failure rate of about 90%,” the analyst explained.
Related Reading | Crypto Comeback: One Simple Chart Proves Altcoin Season Is Upon Us
Any investment in projects of this scope should consider the funds to be venture capital. While this opens up a “highly specialized investment field previously only available to a closed group,” where investors have a shot at investing in the next Facebook, most “early stage startups fail” for a number of reasons.
Only Bitcoin, Ethereum, and Monero Have “Traction,” Should Make Up Core Crypto Exposure
With crypto assets being such a risky investment, why are so many confident in putting their capital into the emerging market class? While some of it may be due to general inexperience in retail investors that have flocked to crypto as an asset class, there’s no denying that “there’s a realistic chance that somewhere in the 10% of the projects that survive” lies a gem that ends up providing a 10x, 100x, or even 1000x return on investment.

Only very few projects, maybe only Bitcoin, Ethereum and Monero have something that could be called real-world traction. These are the only available "blue chips", and the only ones that you should really consider core hedges of your crypto exposure.
— Wolf of Qtrade.io (@cryptic_monk) March 18, 2019

But even less risky than “buying into that 90%/10% game” and hoping to find a moonshot, the analyst suggests that any crypto investor’s core exposure should be tied to Bitcoin, Ethereum, and Monero, which he says has “real-world traction.”
Related Reading | Fundamentals Grow While Bitcoin Price Stagnates, Where Does BTC Go From Here?
Overall, his thoughts are in line with most of the crypto community, which recommend investing only what one can afford to lose, and to build their portfolio around high-cap coins such as Bitcoin and Ethereum.
Featured image from Shutterstock
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