Altcoins get much-needed respite after Bitcoin surges by 12% in an hour

Bitcoin broke out of a rising wedge yesterday at 11:00 UTC, contributing to the price falling from $9,800 to $9,300. The bears had the matter under control until the king coin’s price started pumping again. Subsequently, Bitcoin’s price pumped by a whopping 12% in an hour i.e ~$1,400 pump in an hour. The 12% price […]
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Source: AMB Crypto

Crypto Market and Bitcoin Could Continue Higher: BCH, EOS, TRX, ADA Analysis

The total crypto market cap started a decent recovery and broke the key $260.0B resistance.
Bitcoin price rallied around 10% and broke the $10,000 and $10,500 resistance levels.
EOS price recovered steadily and even broke the $4.00 resistance area.
BCH price is up more than 5% and it recently cleared the $300 resistance.
Tron (TRX) price gained around 8% and surpassed the $0.0250 resistance level.
Cardano (ADA) price is still struggling below the $0.0600 level.

Bitcoin price jumped more than $1,000 and the crypto market cap is up more than 10%. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are likely to continue higher.
Bitcoin Cash Price Analysis
After this past week’s significant decline, bitcoin cash price found support near the $270 level against the US Dollar. The BCH/USD pair started a decent upward move and broke the key $290 and $300 resistance levels. It is currently up around 5% and is trading near the $310 level.
If there are more gains, the price may perhaps test the $320 resistance level. On the downside, the $305 and $300 levels are decent supports, below which the price may move back in a bearish zone.
EOS, Tron (TRX) and ADA Price Analysis
EOS price is slowly recovering and it recently broke the $3.900 and $4.000 resistance levels. However, there is a strong resistance forming near the $4.200 level, where the bulls might face a tough challenge in the near term. A successful break above $4.200 could push the price towards the $4.500 level.
Tron price is gaining momentum and it gained around 20% in the past three days. TRX price broke the $0.0240 and $0.0250 resistance levels and it seems like it could continue to rise. The next major hurdle for buyers is near the $0.0265 level.
Cardano price remains in a bearish zone and it recently formed a decent support near the $0.0550 level. However, ADA price is facing a crucial resistance near $0.0600, above which the price could recover higher in the coming sessions. The next main resistance is near the $0.0650 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a steady rise from the $230.0B support area. The market cap surpassed the key $250.0B and $260.0B resistance levels. Moreover, there was a break above a major bearish trend line with resistance at $260.0B on the same chart. At the moment, the market cap is facing resistance near the $280.0B level and it might correct lower in the near term. However, the broken resistance near $260.0B may perhaps act as a key support zone. Overall, dips remain supported in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins.
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Warren Buffett is not, and won’t ever be into Bitcoin, claims Litecoin’s Charlie Lee

Out of all the promises made over the last decade, the crypto-ecosystem delivered two of them: a volatile market and persistent leadership. Although entrepreneurs have rooted for their own personal agenda, the cryptoverse has witnessed a new era of mutual inclusion. Highlighting this development, a recent podcast featured Litecoin’s Charlie Lee and Blockstream’s Samson Mow. Touching upon […]
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Source: AMB Crypto

Litecoin Achieves Major Success at Miami Dolphins – Price Jumps Over 16%

Litecoin currently holds the badge of fourth-largest cryptocurrency with a quite impressing figure. LTC at the moment performs higher than other largest cryptocurrencies on the graph of CoinMarketCap (CMC).
What Drives Significant Growth?
At press time, LTC is soaring with 16.78 percent over the past 24 hours which has quickly turned its daily trading volume. Accordingly, the market cap shoots up to $5,860,125,731 and the coin being traded at $93.44 against USD.
Litecoin Price | Coinmarketcap
However, what spiked the price of LTC is still uncertain but as per the observation – the growth in the price of Bitcoin is historically witnessed in the eventual growth of other cryptocurrencies.
Litecoin Captures Major Success
While many of us are skeptical on why Litecoin has risen, another reason that is quickly influencing the price of LTC is ” recognition by Miami Dolphins, a professional American Football team. Miami Dolphins has recently confirmed the report and states that they have partnered with Litecoin foundation and treating Litecoin as the official cryptocurrency.
Per the partnership, game attendees can now pay for their token for the team’s 50/50 raffle by using Litecoin in addition to bitcoin. It mentioned that these tickets can be purchased online as well as at 14 kiosk and raffle seller locations across Hard Rock Stadium.
Now Football fan base can have streamlined access to attend 2019 NFL season by purchasing tickets using their LTC holding. It marked as a great achievement to Litecoin as the partnership also allow Litecoin to have in-game branding as well as advertising opportunities at Hark Rock Stadium. Besides this, Litecoin can also be included across the “team’s various online properties and digital content”. Concerning the partnership, Charlie Lee, creator of Litecoin and managing director of the Litecoin Foundation said that;
“We’re thrilled to see Litecoin become the official cryptocurrency of the Miami Dolphins”
Following the similar note, Miami Dolphins Vice President & Chief Information Officer Kim Rometo expressed his gratitude and added;
“The Miami Dolphins are always looking for ways to enhance the fan experience, and this partnership with Litecoin provides the ability for guests to enjoy our 50/50 raffle while donating to a great cause,”
This is quite a big deal for Litecoin because the partnership has resulted in a paramount branding of Litecoin in front of an audience of millions of people across the world. To note, 2019 NFL season will begin on Sept 5, 2019, until Dec 29, 2019.
Litecoin Halving is coming closer
More on the price upsurge, many also speculate that it’s a result of the halving event which is just a couple of days away from now. It is predicted that the LTC traders might experience even more volatility when the halving takes place.
Also, another biggest name that counts with the name of Litecoin is Binance Singapore. According to the latest report, released on July 17, 2019, Binance Singapore has listed the fourth-largest cryptocurrency, Litecoin and its trading are live.
Image Source – Litecoin blog
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Source: CoinGape

Bitcoin & Crypto Market Near Key Juncture: LTC, BNB, BCH, TRX Analysis

The total crypto market cap declined towards the $235.0B level and recently corrected higher.
Bitcoin price is also correcting higher, but it is facing hurdles near $9,800 and $10,000.
Binance coin (BNB) price recovered more than 10% and broke the $27.00 resistance area.
Litecoin (LTC) price rallied recently above the $80.00 and $85.00 resistance levels.
BCH price is slowly approaching towards the key $300 resistance area.
Tron (TRX) price is up around 10% and it is currently trading above the $0.0220 level.

The crypto market cap and bitcoin (BTC) are currently near an important juncture. Ethereum (ETH), BNB, litecoin, ripple, BCH, TRX, XLM and EOS are showing signs of a short term recovery.
Bitcoin Cash Price Analysis
After a sharp decline below the $300 level, BCH price found support near the $270 level against the US Dollar. The BCH/USD pair started an upside correction and traded above the $280 and $290 levels. It seems like the price is slowly recovering and it could soon test the key $300 resistance level.
If there is an upside break above $300, the price could correct towards the $320 level. If not, the price is likely to decline again below the $290 and $280 level in the near term.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price found strong support near the $24.00 level and it recently started an upward move. BNB price broke the $25.00 and $26.50 resistance levels. It even broke the $27.00 resistance and it may soon test the $27.50 resistance level.
Litecoin price found support near the $75.00 level after a massive decline. LTC price jumped higher recently and broke the $80.00 resistance level. The price is up more than 12% and it is approaching towards the $92.00 and $95.00 resistance levels, where sellers could emerge.
Tron price tested the $0.0200 support level and recently corrected higher. TRX price is up around 10% and it broke the $0.0215 and $0.0220 resistance levels. The next key resistance on the upside is near the $0.0230 and $0.0232 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there was a downside extension below the $250.0B support area. The market cap moved towards the $235.0B level and formed a swing low at $234.9B. It recently corrected higher and broke the $245.0B and $250.0B resistance levels. However, there is a strong resistance formed near the $260.0B level and a bearish trend line, which is currently acting as a barrier. If there is an upside break above the trend line, there could be a decent comeback n bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Litecoin Leads The Way: As Bitcoin Plummets, Altcoins Rise Across the Board

The crypto market is at a critical junction. Altcoins such as Litecoin, Ethereum, and Ripple have been capitulating, then bouncing as Bitcoin begins to struggle with its return to a bull market. Since this began, the crypto market has also been impacted by pending regulation and Facebook’s entry into the space.
But before the bearish trend continues, altcoins have been rising across the board, with Litecoin leading the way as it has in the past. With its halving just ahead, will we see a resurgence in altcoins, or will Bitcoin drag down any momentum they’ve recovered thus far?
Litecoin Halving Approaches: Where is the Pump?
The crypto community has long been talking of the effect halving such as what occurs in Bitcoin and Litecoin would have on each asset’s valuation, and the sentiment around the market as people seek to front run what they expect to be a pump-causing event.
Discussion of Litecoin’s halving permeated the industry throughout the first half of 2019, when Litecoin and other altcoins outperformed Bitcoin by a wide margin. From Litecoin’s bottom at $20, it rose to a high of $140 representing over 600% gains for investors. Bitcoin by comparison rose from $3200 to $13800, an over 300% gain.
Related Reading | The United States’ Distrust in Facebook Libra Is Spilling Into Crypto 
Litecoin often leads rallies, and in a sense, lights the path for the rest of the altcoin market to shine. The same has happened this week as the spotlight has been put on the crypto market thanks to Facebook’s Libra cryptocurrency, and has turned the entire industry upside down with fears over looming regulation from the United States and other superpowers.

Altcoins Heat Up Following Bitcoin’s Drop
Altcoins have spent the second and third quarter of 2019 thus far falling in value relative to Bitcoin. Whether this was driven by Binance shutting off US customers to much of the altcoin market, or if investors were dumping alts into the rising Bitcoin, altcoins have done nothing but suffer and cause suffrage for those that hold the alternative digital assets.
But ever since Bitcoin fell below $10,000, the altcoin market is once again heating up.
Related Reading | US Treasury Increases Regulatory Pressure on Crypto, Warns of Its Unlawful Uses 
Over the last 24 hours, Ethereum, Ripple, Tron, and Bitcoin Cash have all risen roughly 5%, while Litecoin has led the rally with a staggering 14% gains on the day. The next biggest gainer of the top ten was Bitcoin SV, which saw a 7% spike.
On the CoinMarketCap biggest gainers and losers, the altcoin market is showing gains as high as 359% over the last 24 hours. Does this mean that the bull run is back, but maybe just not for Bitcoin and alts will have their “season” everyone has been talking about? Or is this just a big bounce from oversold conditions that will resume once Bitcoin drops?
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Binance Singapore lists Litecoin as the CZ-led exchange works towards strengthening its global dominance

Keeping its users and the general cryptocurrency community informed has been Binance’s strong suit and has contributed to people associating the exchange with transparency. Binance is in the news yet again after Binance Singapore listed Litecoin [LTC], the fourth largest cryptocurrency in the world. LTC, popularly known as the silver to the Bitcoin’s gold, was […]
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Source: AMB Crypto

Crypto Market And Bitcoin Facing Many Hurdles: BCH, BNB, EOS, TRX Analysis

The total crypto market cap recovered after it dived towards the $250.0B support area.
Bitcoin price also corrected higher above the $10,500 and $10,800 resistance levels.
EOS price is currently consolidating above the $4.100 support area.
Binance Coin (BNB) settled below the $30.00 level and it is currently trading near $28.00.
BCH price is up more than 10% and it broke the $280 and $300 resistance levels.
Tron (TRX) price is slowly recovering and it recently broke the $0.0250 resistance area.

Bitcoin and the crypto market cap started a decent upside correction, but facing many hurdles. Ethereum (ETH), binance coin (BNB), BCH, ripple, tron (TRX), litecoin and EOS could resume their decline.
Bitcoin Cash Price Analysis
After a significant decline, BCH price found support near the $260 level against the US Dollar. The BCH/USD pair started a decent upward move and broke the $275 and $280 resistance levels. The price is up more than 10% and it recently broke the $300 resistance level.
The next resistance on the upside is near the $320 level. If the price fails to continue higher, it could decline once again towards the $280 support level in the near term.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price spiked towards the $4.000 support area during the recent slide. Recently, the price started an upside correction and moved above $4.100. The price is currently consolidating near $4.200, with a strong resistance near the $4.400 and $4.450 levels. On the downside, the $4.100 and $4.000 levels are important supports for the current wave.
Tron price declined heavily and even broke the $0.0240 support area. TRX price tested the $0.0230 level and it recently corrected higher. The price is now trading above the $0.0250 level, but it might struggle to move above the $0.0265 and $0.0272 resistance levels in the near term.
Binance coin (BNB) settled below the key $30.00 support area. BNB price is now consolidating near the $28.00 level and it could struggle to climb above the $28.50 and $29.20 resistance levels. The main resistances are near the $30.00 and $30.20 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp decline below the $300.0B support area. The market cap even broke the $280.0B support and moved close to the $250.0B support area. A swing low was formed near $254.0B and the market cap recently recovered higher. It broke the $260.0B and $270.0B levels, but the previous support near the $280.0B and $285.0B levels acted as a strong hurdle. The current technical structure suggests that there could be more declines in the market cap. Therefore, bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX are likely to struggle to continue higher.
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New York Gives Bitlicense to Crypto Derivatives Provider Seed CX

Coinspeaker
New York Gives Bitlicense to Crypto Derivatives Provider Seed CX
NYDFS Superintendent Linda Lacewell said that Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC, who operate under Seed CX, had received BitLicenses.
New York Gives Bitlicense to Crypto Derivatives Provider Seed CX

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Source: CoinSpeaker

Catching up or playing catch up? Justin Sun talks about Warren Buffett lunch

While Facebook’s involvement with cryptocurrency has pulled in mainstream attention, it has overshadowed the decade-long innovations led by crypto technologists. In an effort to clear some of this fog, Tron CEO Justin Sun took to the Internet to share his recipe for success amidst the turbulent crypto market. Sharing his first secret, Sun said, “The […]
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Source: AMB Crypto

CZ Binance: Retail Investors are Steering The Crypto Price Rally

Coinspeaker
CZ Binance: Retail Investors are Steering The Crypto Price Rally
Contrary to popular belief, retail investors are still playing a major role in directing Bitcoin’s price action, thinks Binance CEO ChangPeng Zhao. He states that this growth is partly due to increased margin trading availability.
CZ Binance: Retail Investors are Steering The Crypto Price Rally

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Source: CoinSpeaker

Crypto Market and Bitcoin Signaling More Downsides: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is down more than $50.0B and it recently tested the $255.0B support.
Bitcoin price is down more than 10% and even spiked below the $10,000 support level.
EOS price broke the $4.50 support level and traded towards the $4.20 support zone.
BCH price is down around 20% and it even traded below the $300 support level.
Tron (TRX) price jumped around 10% and is currently trading above $0.0350.
Cardano (ADA) price broke the key $0.0700 and $0.0600 support levels.

Bitcoin price declined heavily below $10,500 and the crypto market cap is down around $50.0B. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB declined between 10%-25%.
Bitcoin Cash Price Analysis
After this past week’s downside break, bitcoin cash price started a major decline below the $360 support against the US Dollar. The BCH/USD pair even broke the $320 and $300 support levels to enter a major downtrend. The price is down around 20% and it is currently trading near the $280 level.
If the price continues to move down, it could trade towards the next major support near the $250 level. On the upside, the previous supports near $300 and $320 are likely to act as hurdles in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price was down more than $2.00 in the past few days. The price even broke the $5.000 and $4.500 support levels. It traded towards the $4.200 support level and it is currently correcting higher. On the upside, there is a strong resistance forming near the $4.500 and $4.600 levels.
Tron price is down around 15% and it recently broke the key $0.0320 and $0.0300 support levels TRX price even traded below the $0.0260 support and tested the $0.0240 level. It seems like the price may extend losses towards the $0.0225 support area.
Cardano price is under a lot of pressure and it recently broke the $0.0700 and $0.0600 support levels. ADA price is down 13% and is trading near the $0.0580 level. The next key support is near the $0.0560 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a significant downside break below the $315.0B and $300.0B support levels. The market cap declined more than $50.0B recently and moved towards the $255.0B and $250.0B support levels. A swing low was formed near $254.0B and the market cap is currently correcting higher. However, there are many important resistances on the upside near the $275.0B and $280.0B levels. Therefore, an upside recovery in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins is likely to remain capped in the near term.
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Binance’s research points to similarities between Litecoin and Dogecoin in wake of upcoming halving

Binance Research, the research arm of the world’s largest cryptocurrency exchange recently released a report titled “Case Study: Merged Mining in Dogecoin and Litecoin”, which talked about specific methods for the cryptocurrencies to survive their upcoming block reward halvings. The research primarily focused on the concept of merged mining, a form of mining that transfers […]
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Source: AMB Crypto

Last Month in Crypto: June’s Major Statistics

Coinspeaker
Last Month in Crypto: June’s Major Statistics
Learn how the top crypto markets changed in the latest CORindex report, which covers key metrics like average rate, volatility, transaction volume, and other stats any serious cryptocurrency investor will want to familiarize themselves with.
Last Month in Crypto: June’s Major Statistics

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Source: CoinSpeaker

Binance coin leads the up/down capture chart among major coins; Ethereum brings up the rear

As crypto-users wait for a bull run followed by an alt-season, Jeff Dorman, Chief Investment Officer [CIO] of Arca, a full-service investment management firm, has suggested another way to look at the performance aspect of individual cryptos. Dorman’s company Arca owns Ethereum [ETH] and LEO but according to Dorman, Ethereum may be one of the […]
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Source: AMB Crypto