Litecoin [LTC] Price Analysis: Mixed signals for the LTC market as coin struggles with volatility

The fourth largest cryptocurrency in the world with respect to market capitalization on CoinMarketCap, Litecoin [LTC] soared moderately during the early part of the day.
The silver altcoin opened at $41.88 and climbed up to a high of $42.55, a day during which the price of the coin also fell to a low of $41.27.
At the time of writing, the coin had a market capitalization of $2.58 billion with a 24 hour growth of 2.71%. Priced at $42.66, the total volume of LTC traded across the market space was around $932.14 million.
The top three LTC pairs are trending at Coineal, ZB.COM and OKEx respectively. LTC/BTC at Coineal, is leading with a trading volume of $56.70 million and is priced at $42.69. The second position is occupied by LTC/USDT at ZB.COM with a volume of $45.01 million at $44.13.
1-hour:
Source: TradingView
In the hourly chart, LTC exhibited an uptrend from $40.97 to $41.76 and a downtrend from $43.97 to $41.19. The immediate resistance is noted at $46.42 and the support at $37.68.
Parabolic SAR: The dotted markers are all oriented below the candlesticks, indicating that the price momentum of LTC is exhibiting a bullish trait.
MACD: The MACD line above the signal line further marks a potential bullish trend for the silver coin.
Awesome Oscillator: The AO indicator in the hourly chart suggests a bearish trend with the lines turning red.
1-day:
Source: TradingView
An uptrend from $33.12 to $42.09 and a major downtrend from $55.84 to $38.95 has been recorded for the one-day chart of the coin. The immediate resistance is marked at $46.42 and the support point is at 37.68.
Bollinger Bands: The major expansion of the bands suggests high price volatility of the altcoin in the market.
Chaikin Money Flow: The CMF graph is moving above the zero-line, suggesting that the bulls have initiated a flow of capital into the market.
Klinger Oscillator: The reading line is treading below the signal line, indicating that the coin’s price is following a bearish pattern.
Conclusion
The CMF, Parabolic SAR and the MACD indicators give the edge to the bull. On the other hand, the KO and AO indicate the coin following a bearish trend supplemented by a degree of fluctuation.
The post Litecoin [LTC] Price Analysis: Mixed signals for the LTC market as coin struggles with volatility appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH/USD] Price Analysis: Token’s stable movement to give way to the bulls

Over $1 billion was added to the collective market cap, yet the market was a mix of green and red. Ethereum [ETH], the top-altcoin, has managed to hold its own, edge up the US dollar, mildly albeit, and increase its lead over XRP by over $440 million.
Ethereum has edged up the US dollar by a mere 0.82 percent and is currently trading at $122.89, an increase of over 13 percent against last week’s price. The market cap of the coin stands at $12.88 billion.
In terms of exchange dominance, OEX takes the top spot for ETH trade volume with $184.07 million or 6.01 percent volume in the ETH/BTC trading pair. Following up are LBank and Bibox, accounting for 4.6 percent and 2.9 percent, in the trading pairs ZEC/ETH, and EOS/ETH.
1-hour:
Source: Trading View
Ethereum’s one-hour trend line shows two uptrends followed by a string of stable movement since the beginning of the week. The first uptrend extended from $104.56 to $121.9, followed by the second uptrend from $119.26 to $127.16.
The coin’s immediate support level stands at $121.16, which has persisted since February 10, due to the coin’s relatively low volatility. The immediate resistance posed by Ethereum stands at $126.01.
The Bollinger Bands show that the volatility of the coin has remained the same since the beginning of the week, while the Moving Average line indicates that the coin is bullish.
The Fisher Transform line shows that the coin has recently turned bearish as the Fisher line has been overtaken by the Trigger line.
The Chaikin Money flow tool shows that investor interest has dipped, as the money put into Ethereum has declined, indicated by the CMF line’s slip below 0.
1-day:

In terms of the one-day trend line, Ethereum has not managed to escape the “Crypto-Winter,” with the coin in continuous long-term decline since mid-November. The aforementioned downtrend can be summarized from $495.51 to $130.17, below which the coin is currently trading.
The immediate support level of the coin stands at $105.08, which is an increase from the previous support level of $85.42. Ethereum poses an immediate resistance level of $161.23, in the long-run.
The Parabolic SAR points to a bullish movement for the coin, as Ethereum’s trend line is above the dotted lines.
The MACD line shows that the coin is likely to break into the bullish zone after trading among the bears for the better part of a month.
The Relative Strength Index shows a spike in investor interest, as the RSI has shot up from 36.9, a week ago, to 56.23 at press time.
Conclusion:
The top-altcoin in the market has managed to trade along with a stable spree since the coin shot up along with the rest of the market at the close of the previous week. In the short-term, the volatility is running low as the Chaikin Money flow indicator shows a decline in cash pumped into ETH, while the Fisher Transform line shows a bearish run. However, in the long-run, the coin shows a bullish turn, after one-month of steady price decline.
The post Ethereum [ETH/USD] Price Analysis: Token’s stable movement to give way to the bulls appeared first on AMBCrypto.
Source: AMB Crypto

Ripple: Al Ahli Bank of Kuwait partners with Ripple to enable fast and effective transactions

Al Ahli Bank of Kuwait [ABK] announced its partnership with Ripple on Thursday in order to enable instant cross-border payments for its customers in and out of Kuwait, reported Arabian Business. As they announced this partnership, ABK claimed to be one of the few financial institutions in Kuwait to reduce transaction times from days to a few minutes for its customers.
The bank will integrate Ripple’s enterprise blockchain technology into its existing services to offer its customers immediate confirmations. This will help the bank’s customers in sending money to friends, family and loved ones faster and more efficiently noted the bank.
ABK will be a part of the RippleNet, a decentralized global network of banks and payment providers. ABK’s group chief operating officer, Somnath Menon said:
“This partnership with Ripple is aligned with our unwavering philosophy of reimagining a simpler bank. We have significant interests in cross border remittances and plan to harness the power of Blockchain technology for making global payments faster and more convenient for our customers. As smart technologies continue to rapidly transform the financial sector, we remain committed to enhancing our offerings to our customers, and staying ahead of the innovation curve.”
ABK is not the only bank that Ripple has partnered with in Kuwait. The company has partnered previously with National Bank of Kuwait and Kuwait Finance House. @XRPCenter informed the community about the news by tweeting:
“*#Kuwait*
@Ripple is becoming the best option to send money into/from Kuwait. It has closed production agreements with the following banks:
1)@NBKPage (Largest bank)
2)@KFHGroup_Eng (2nd largest)
3)@Abk_kuwait (6th largest)
How could the rest compete?
#RippleNet”
Ripple’s MD of the MENA Region, Navin Gupta acknowledged this partnership and said:
“We look forward to supporting ABK’s ongoing efforts to enhance its digital banking services, by providing our innovative blockchain solutions for speedy cross-border payments”
The post Ripple: Al Ahli Bank of Kuwait partners with Ripple to enable fast and effective transactions appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC/USD] Price Analysis: Sideways trend resumes as bears suck volatility out of the market

Bitcoin has been moving stagnantly in a sideways fashion for over a week now, ever since its short-term pump on 8 February 2019.
The price of Bitcoin, at press time, was at $3,576 with a market cap of $63 billion. The 24-hour trading volume of Bitcoin is at $5.89 billion, and most of the trading volume for Bitcoin is coming from BitMEX by trading BTC perpetual contracts against the US Dollar.
1-hour
Source: TradingView
The one-hour chart for Bitcoin shows an uptrend that extends from $3,366 to $3,577, while the downtrend in the current time frame is not yet formed. The support at $3,358 is far from being tested ever since the above-mentioned rally. The resistance at $3,498 was breached a few days back however while the subsequent resistance at $3,577 is currently being tested.
The Parabolic SAR markers have spawned below the price candles, pushing the price upwards in line with a bullish trend.
The MACD indicator shows a bullish crossover as the MACD and the signal lines have crossed each other and are headed up.
The Relative Strength Index is slightly above the 50-line but below the 60-line. This indicates that the buying momentum is increasing for Bitcoin.
1 Day
Source: TradingView
The one day chart for Bitcoin shows a dominant downtrend that extends from $9,800 to $3,590. There isn’t a major rally which would lead to the formation of an uptrend. The support at $3,189 is holding good since November of last year. However, the support at $4,111 has now become a resistance line. The long term resistance for Bitcoin can be seen hanging at $7,641.
The Aroon indicator shows a further decline of the uptrend which was due to the recent short-term rally that occurred during the second week of February.
The Stochastic indicator is showing a bearish crossover in which, the Stochastic line and the signal line are both moving downwards.
The Chaikin Money Flow reads above the zero mark and indicates a decrease in the momentum of buyers i.e., the buyers getting exhausted while simultaneously the sellers gaining momentum.
Conclusion
The one-hour chart for BTC shows a relatively positive outlook as indicated and confirmed by the MACD, SAR and the RSI indicators. However, the longer time frame indicates a completely opposite trend for Bitcoin i.e., bearish trend, as indicated by the Aroon, Stochastic, and CMF indicators.
The post Bitcoin [BTC/USD] Price Analysis: Sideways trend resumes as bears suck volatility out of the market appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] among cryptocurrencies enabled by new debit card launched by Australian Crypto exchange

The wider adoption of cryptocurrency has taken another major step forward after it was recently announced that parts of Australia will start the process of accepting cryptocurrencies like Bitcoin, XRP, Ethereum, and Litecoin from customers to buy groceries in supermarkets and retail shops.
myCryptoWallet, one of Australia’s leading exchanges, has launched the myCryptoCard which enables consumers to spend cryptocurrency at one million locations and withdraw money at 30,000 ATMs.
The exchange is a digital currency service based in Melbourne, Australia and it provides a number of services to customers which includes fiat deposit, wallet withdrawal services, cryptocurrency debit cards, an online live peer-to-peer digital marketplace and a fast-paced exchange between Australia and New Zealand via digital assets.
The CEO of MyCryptoWallet, Jaryd Koenigsmann, stated after the announcement:
“MyCryptoCard will play a major role in bridging the gap between cryptocurrency and the mainstream. The cards means consumers have the flexibility to use crypto where, how and when they like, and do away with so many of the fees that come about when exchanging back and forth between crypto and fiat.”
MyCryptoCards will be linked to the user’s digital wallet on the exchange which will have the capacity to hold Bitcoin, Ethereum, Ripple, Litecoin and Power Ledger virtual currencies. The initial point of sale purchases in Australian dollars will be automatically converted with regards to the crypto prices at the moment of trade.
According to Koenigsmann, since MyCryptoCard is not just limited to Bitcoin, it will bring higher levels of spending flexibility and allow consumers to trade with their favored cryptocurrency. The card also plans to add 50 news coins to its platform in the near-term and introduce a dozen new digital currencies which will soon hit the mainstream wallet.
There will be no fees associated with spending or withdrawing from MyCryptoCard and the absence of these fees puts the common fees associated with the conversion of fiat to cryptocurrency to bed.
Finally, the CEO has also announced a giveaway of the first 3000 debit cards for free to celebrate the launch of MyCryptoCard.
The post Bitcoin [BTC] among cryptocurrencies enabled by new debit card launched by Australian Crypto exchange appeared first on AMBCrypto.
Source: AMB Crypto

XRP gets another boost by being paired with the Iranian Rial [IRR] as XRP/IRR

The mainstream adoption of cryptocurrencies has slowly picked up with institutional investors coming into the picture too. Ripple and XRP have been a major spearhead for this phenomenon, with several partnerships with cryptocurrency organizations as well as institutional companies.
Apart from partnerships, XRP has also been implemented in different countries which were aimed to make cross border transactions simpler and cheaper. The latest news on February 15 stated that XRP has tied with the Iranian Rial [IRR], making it available for transactions.
The announcement was made by Nobitex, a cryptocurrency exchange with the IRR becoming the 44th fiat currency to be tradeable with XRP. Nobitex is also a proponent of cross border transactions with the main goal being:
“Collaboration with startups and other companies to create a payment gateway through digital currencies to settle with foreign customers.”
Iran has also been in the cryptocurrency news spectrum when the country’s Central Bank issued new draft rules that lifted the ban on Bitcoin [BTC]. The new rules came in the light of Iran’s own efforts to launch a naive cryptocurrency called “Crypto-Rial”. According to the acting head of Iran’s Trade Promotion Organization, Iran is currently negotiating to introduce cryptocurrency to financial transactions with representatives from eight countries including Russia, Switzerland and South Africa.
Ripple and XRP also shared the limelight recently when the company talked about JP Morgan launching its own cryptocurrency, JPM Coin. Some even commented on JPM Coin being a competitor for Ripple. Tom Shaughnessy, principal at Delphi Digital stated:
“This is a huge slap in the face for Ripple. Ripple’s target market is cross-border payments and remittances and now JPMorgan’s effort is a direct threat.”
Even Ripple CEO Brad Garlinghouse got in on the action by saying:
“As predicted, banks are changing their tune on crypto. But this JPM project misses the point- introducing a closed network today is like launching AOL after Netscape’s IPO. 2 years later, and bank coins still aren’t the answer.”
The post XRP gets another boost by being paired with the Iranian Rial [IRR] as XRP/IRR appeared first on AMBCrypto.
Source: AMB Crypto

XRP worth $7.5 million [25,000,000 XRP] transferred from third richest XRP wallet

A sum of 25 million XRP worth $7.5 million was transferred recently from the third richest XRP wallet to another wallet. XRP, a cryptocurrency coin closely connected with payments company, Ripple and enterprise blockchain software company, R3 is third on the list of the world’s largest cryptocurrencies, at press time.
The transaction of 25 million XRP cost a mere 500 drops [0.0005 XRP] which is approximately worth $0.0001514. The transaction took place on February 14, 2019, at 5:21 PM UTC.
XRPL monitor tweeted:
“Transaction Type: Payment
Amount: 25,000,000 XRP
Fee: 500 drops (0.0005 XRP)
Sender: Ripple
Sender Balance: 2,496,635,065.5766
Receiver: rPfSrrKY97EihgZeAwqgR7g1tYzDDJoAys
Receiver Balance: 25,022,278.99987”
The current balance in the new wallet [rPfSrrKY97EihgZeAwqgR7g1tYzDDJoAys] is the same as the amount received, which suggests that it is a fairly new wallet. A total of 15 transactions have been recorded for the aforementioned wallet, the first transaction being on November 16, 2018.
The peculiar thing about this transaction is the identity of the sender [rKveEyR1SrkWbJX214xcfH43ZsoGMb3PEv]. According to data obtained by Bithomp XRP explorer, the sender was Ripple itself.
The wallet address, as per Bithomp belonged to Bitstamp and has a total balance of 2.497 billion XRP, which is worth a total of $752 million and 210,167 BTC.
The sender has had a total of 13 transactions and some people suggest that this wallet could be linked to escrow wallets. The Ripple wallet, however, was activated on December 01, 2017 at 22:54. The Ripple-owned wallet is the third richest wallet on the XRPL.
The first four richest wallets belong to Ripple, the richest wallet [rDbWJ9C7uExThZYAwV8m6LsZ5YSX3sa6US] had a total of 4.68 billion XRP. The second richest wallet has 3.73 billion XRP, the third is aforementioned and the fourth richest wallet has 1.95 billion XRP. The fifth wallet, however, belongs to Bitstamp and it has a total of 1.1 billion XRP.
Moreover, the wallet that received the above-mentioned amount of XRP has now achieved the rank of 128th richest cryptocurrency wallet.
@xrpgiles, a Twitter user speculated as to where this transaction was going, commenting,
“Boom ! JP Morgan have realised after three hours that superior tech exists ha ha ! @digitalassetbuy”
@smcmass1, another Twitter user came to the same conclusion as he commented,
“This transfer must be for JP Morgan to transfer internationally to other big players that don’t want their coin. JP Morgan needs this :)”
@cathy02755674 replying to smcmass1 said,
“What JP Morgan needs is for Warren Buffet to stop pulling their strings. They only wish they could have partnered with Ripple!”
The post XRP worth $7.5 million [25,000,000 XRP] transferred from third richest XRP wallet appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV [BSV]: Coinbase releases cryptocurrency while allowing users access to external wallets

The American cryptocurrency exchange Coinbase will now allow its Bitcoin SV [BSV] holders to withdraw the coin to external wallets, as confirmed by an updated blog post on the exchange’s website.
Many exchanges announced the dissemination of the Bitcoin SV, after the coin hardforked from Bitcoin Cash [BCH] towards the end of 2018. However, the American exchange held off the announcement for three months. In light of the above, Coinbase Support recently tweeted:
“We have now begun emailing customers that held Bitcoin Cash (BCH) at the time of the hard fork with instructions on how to withdraw their corresponding Bitcoin SV (BSV).”
Bitcoin SV [BSV] has been on a steep decline since the coin was introduced in mid-November 2018, following the hardfork and hash war drama that drew in the likes of nChain’s Craig Wright, Bitcoin.com’s Roger Ver, and Bitmain’s Jihan Wu.
The coin is currently languishing in the eleventh spot on the global coin rankings, booted out of the top-10 by Binance Coin [BNB] one week ago. With Coinbase now releasing Bitcoin SV tokens to users that held Bitcoin Cash prior to the hardfork, a massive Bitcoin SV dump might ensue, leading to a further decline in the price of the coin.
With reference to the BSV still held, the exchange stated:
“As such, the amount of BSV now available in respective customers’ Coinbase.com accounts is the same as the amount of BCH that was in their Coinbase (Coinbase.com and Coinbase Pro) account at the time of the hard fork.”
Coinbase has however reaffirmed its lack of support for BSV trades and stated that the customers cannot sell the virtual currency on the exchange. A statement released on February 14 read:
“Coinbase does not support purchases or sales of BSV, so customers cannot sell their BSV for fiat currency on Coinbase. They may send their BSV balance to an external wallet.”
Coinbase Support also stated that users can choose to hold their BSV tokens as there is no deadline for withdrawing the coin:
“There is no deadline for withdrawing BSV so you can hold it in your wallet indefinitely.”
At press time, Bitcoin SV is one of the few coins in the top-15 that have declined against the US dollar, with the token down by 0.89 percent and now posting a price of $62.91. Despite the fact that the feared dump hasn’t materialized, a continuing bear run does not rule the prospect out. A twitter user @Sop, voiced what many think will eventually happen:
“BSV dumping will start in coming days…”
The move hasn’t been welcomed by all with some Twitter users displeased at Coinbase and their lack of support for Bitcoin SV, with a user @Janopetsa tweeting:
“This whole BSV situation has tainted my view of. Coinbase and crypto on the whole. It’s just just not a viable alternative to fiat and real assets. This is proof.”
The post Bitcoin SV [BSV]: Coinbase releases cryptocurrency while allowing users access to external wallets appeared first on AMBCrypto.
Source: AMB Crypto

STO Issuers Would Likely Need to Register as Public Companies Under the Securities Exchange Act

CoinSpeaker

STO Issuers Would Likely Need to Register as Public Companies Under the Securities Exchange Act

Here’s a look into the growing popularity of Security Tokens and the regulatory path for the token issuers lying ahead.

STO Issuers Would Likely Need to Register as Public Companies Under the Securities Exchange Act

Continue reading at Coinspeaker
Source: CoinSpeaker

Tron [TRX/USD] Price Analysis: Token fails to climb the price ladder as updates increase

The cryptocurrency market’s rollercoaster has been going on for some time now, with users and investors bracing for an attack by the bear. These price downtrends have not been exclusive to just some cryptocurrencies but, have had a widespread effect across the entire market. Popular coins like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] have all succumbed to the bear’s prowess with emphasis on the support breaks.
1-hour
Source: TradingView
After starting the year off with price hikes, Tron has fallen prey to the bear, with the downtrend becoming more and more significant. The visible downtrend resulted in the prices dropping from $0.0277 to $0.0242 while the support has been holding at $0.0236. The immediate resistance is at $0.0277.
The Parabolic SAR has been a mix of bearish and bullish signals, with the bear having a slight edge over the bull. This is evidenced by the markers staying above the price candles.
The Awesome Oscillator for Tron has fared better than other cryptocurrencies, with the amplitude still remaining significant. The AO still points to the fact that the market momentum has decreased considerably over time.
1-day
Source: TradingView
Tron’s one-day graph paints the opposite picture to that of the one-hour graph, with the uptrend standing out. The rise lifted the prices from $0.0126 to $0.0236 while the long-term support is at $0.0117.
The Relative Strength Index has started falling towards the oversold zone after staying closer to the overbought zone earlier. The hold near the oversold zone is a sign of the selling pressure being more than the buying pressure.
The Chaikin Money Flow indicator has crashed way below the zero-line. This suggests that more capital is leaving the market, than coming in.
Conclusion
The above-mentioned indicators all point to the rampant pressure by the bear on the cryptocurrency market. Tron’s user base has been vying for a ‘moon’ spike on the back of several updates and developments, something that the cryptocurrency market’s behavior is yet to provide.
The post Tron [TRX/USD] Price Analysis: Token fails to climb the price ladder as updates increase appeared first on AMBCrypto.
Source: AMB Crypto

Nouriel Roubini says JP Morgan’s cryptocurrency JPM Coin is a joke; compares it to XRP

Nouriel Roubini aka Dr. Doom has always been against cryptocurrencies and blockchain, but Roubini’s tweets regarding JP Morgan’s cryptocurrency suggests that he acknowledges cryptocurrencies.
JP Morgan, an American financial services company and bank, recently launched its own cryptocurrency called “JPM Coin”, which was created to settle payments between clients. JP Morgan, as a result, became the first major bank to launch its own cryptocurrency in the US.
The cryptocurrency faced a lot of heat from the cryptocurrency eco-system as they called it centralized as it basically destroys the ethos of blockchain and the first cryptocurrency, Bitcoin, which was created to take control away from centralized authorities.
Nouriel Roubini was one among such people who disliked the idea of a bank coin. Roubini tweeted:
“In which way has the new alleged JPMorgan crypto coin anything to do with blockchain/crypto? It is private not public, permissioned not permissionless, based on trusted authorities verifying transaction not trustless, centralized not decentralized. Calling it crypto is a joke.”
The JPM Coin is similar to stablecoins in concept as it can be redeemed for $1 and as CNBC reported, clients will be issued the coins after depositing dollars at the bank; after using the tokens for a payment or security purchase on the blockchain, the bank destroys the coins and gives clients back a commensurate number of dollars.
Nouriel Roubini went on to compare the JPM coin and XRP. Roubini retweeted his aforementioned tweet with a comment:
“Ditto for XRP. It is as much of a joke as the new JPMorgan new pseudo crypto coin.”
Even though a lot of people in the crypto-community hated the idea of a bank-issued coin, some applauded it. Twitter user @Tusharjain tweeted:
“Banks were obviously never going to use XRP for settlements and enrich Ripple Inc (who owns more than half of all XRP). They would rather enrich themselves instead!
Kudos to JPM for being first. They are going to wipe the floor with Ripple.”
Miked Dudas, the founder, and CEO of The Block, commented:
“JP Morgan, the bank whose CEO Jamie Dimon has called Bitcoin a “scam” + said “I don’t really give a shit about Bitcoin” is launching its own cryptocurrency.
When @TheBlock__ inquired a month ago, JP Morgan blockchain execs denied this was in the works.”
The post Nouriel Roubini says JP Morgan’s cryptocurrency JPM Coin is a joke; compares it to XRP appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Price Analysis: Bulls carry coin ahead while bear sharpens its claws

The cryptocurrency market had been under the bear’s vice and this contributed to XRP slipping from its second position on CoinMarketCap in terms of market cap, to third this month. Ethereum [ETH] took over XRP’s place in the market and it appears that the two coins are in a tough fight for the spot.
At press time, XRP was valued at $0.3032, with a market cap of $12.4 billion. The coin registered a 24-hour trading volume of $407 million, with a minimal fall of 0.27% over the past day. The coin noted a growth of 3.55% over the past seven days while registering a rise of 0.17% over the past hour.
1-hour

Source: TradingView
The coin’s one-hour chart indicates a downtrend from $0.3215 to $0.3128, followed by another downtrend from $0.3176 to $0.3093. XRP drew a resistance at $0.3107 and a support at $0.3059.
Bollinger Bands appear to be converging, indicating reduced volatility in the market. The moving average line is under the candles, suggesting a bullish trend.
Awesome Oscillator points towards a weakened bullish momentum.
Chaikin Money Flow has the marker above the zero-line, indicating that money is flowing into the market and that a bullish ride may be in the offing.
1-day

Source: TradingView
The one-day chart of the coin marks an uptrend from $0.2707 to $0.4785 and a downtrend from $0.5558 to $0.4785. The coin traced resistance at $0.3276 and support at $0.2926.
Parabolic SAR points towards a bearish reign as the markers have aligned themselves above the candlesticks.
MACD line is over the signal line, marking a bullish market.
Relative Strength Index indicates that the buying and the selling pressure are evening each other out.
Conclusion
As per the indicators, Bollinger Bands, Awesome Oscillator, Chaikin Money Flow and MACD, a bullish trend is forecast. However, the lingering presence of the bear cannot be ignored.
The post XRP/USD Price Analysis: Bulls carry coin ahead while bear sharpens its claws appeared first on AMBCrypto.
Source: AMB Crypto

Signature Bank Has Something Like ‘JPM Coin’ for Two Months Already

CoinSpeaker

Signature Bank Has Something Like ‘JPM Coin’ for Two Months Already

While crypto community expresses kind of ambivalent feelings about newly-created JP Morgan’s JPM Coin, a smaller NY bank – Signature Bank – claims it has actually been doing something like for nearly two months.

Signature Bank Has Something Like ‘JPM Coin’ for Two Months Already

Continue reading at Coinspeaker
Source: CoinSpeaker

Facebook (FB) vs. Snapchat (SNAP) Stock: Who is Gutting Who?

CoinSpeaker

Facebook (FB) vs. Snapchat (SNAP) Stock: Who is Gutting Who?

It seems that Snap stock has all but given up the ghost. The social network was worth $31 billion after its public debut two years ago. Now it’s less than $8 billion.

Facebook (FB) vs. Snapchat (SNAP) Stock: Who is Gutting Who?

Continue reading at Coinspeaker
Source: CoinSpeaker