Bitcoin And Crypto Market Cap Facing Hurdles: BCH, Litecoin, TRX, XLM Analysis

The total crypto market cap corrected a few points, but it faced a strong resistance near $215.0B.
Bitcoin price is also correcting higher, but it is likely to struggle to clear the $8,200 resistance.
Litecoin (LTC) price is now facing resistance near the $55.50 and $56.50 levels.
BCH price is holding the main $215 support area and it is currently rebounding.
Tron (TRX) price is climbing higher and it is now placed nicely above the $0.0150 level.
Stellar (XLM) price is up more than 2% and it is moving towards the $0.0650 resistance.

The crypto market cap and bitcoin (BTC) are facing many hurdles on the upside. Ethereum (ETH), litecoin (LTC), ripple, BCH, tron (TRX), stellar (XLM) and other altcoins could struggle to climb higher.
Bitcoin Cash Price Analysis
BCH price corrected lower recently and tested the $215 support area against the US Dollar. The price is currently moving higher and is trading near the $220 level. On the upside, there is a major resistance near the $230 level, above which the price could recover towards the $240 level in the near term.
On the downside, if there is a bearish break below the $215 support, the price could decline towards the $205 and $200 support levels.
Litecoin (LTC), Tron (TRX) and Stellar (XLM) Price Analysis
Litecoin price managed to stay above the $51.50 and $50.00 support levels. LTC price is currently recovering and is trading above the $54.00 level. However, there are a few key hurdles near the $55.50 and $56.00 levels, above which the price could revisit the main $60.00 resistance area.
Tron price declined recently and tested the $0.0145 support area. TRX price remained well bid and recently started a nice upward move above the $0.0150 resistance area. The price is up more than 3% and it could continue to rise towards the $0.0155 resistance level in the near term.
Stellar price also declined recently and tested the $0.0600 support area. XLM price is now climbing higher and is trading above the $0.0625 resistance area. However, there is a major resistance near $0.0650, above which the price could continue to rise towards $0.0682 and $0.0695.

Looking at the total cryptocurrency market cap 4-hours chart, there was a decent recovery from the $205.0B support area. However, the market cap struggled to clear a key resistance near the $215.0B level and the 100 SMA. Moreover, there is a connecting bearish trend line forming with resistance near $215.0B. Therefore, a clear break above the $215.0B resistance is needed for a nice rally in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX, ADA, XMR, and other altcoins in the coming sessions.
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Strategies for AOFEX Digital Currency Financial Derivative NSO

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Source: CoinSpeaker

Tone Vays Calls Litecoin[LTC] A Scam; Litecoin Creator Defends it With a Coke-Pepsi Analogy

Leading derivatives trader and crypto analyst Tone Vays, in a recent tweet, alleged that cryptocurrency Litecoin[LTC] is a scam. He took a sarcastic dig at Litecoin supporters and posted a screenshot dated back to 2013, explaining why Litecoin is a scam. 
Litecoin Brings “Nothing New to The Table”
Source-Twitter
Tone Vays’ posted explanation brings bad light to Litecoin, mentioning that Litecoin, unlike Bitcoin, doesn’t bring anything new to the table. The post mentions that Bitcoin is a technological innovation, whereas other altcoins like Litecoin are mere clones that retain the “pump and dump nature” of Bitcoin.
Source- Twitter
Furthermore, the post talks about the change in Litecoin mining protocol- a shift from SHA256d to scrypt. The latter is far more prone to attacks than the former and performs poorly on the consumer hardware. Secondly, the faster target block time was considered an issue as faster blocks bloat the blockchain more. 
Charlie Lee Responds Using Coke-Pepsi Analogy
 Interestingly, Charlie Lee, founder of the Litecoin Foundation responded and said that all such assumptions are based on the fact that Litecoin is not a viable currency. Furthermore, transactions worth $500B have been carried out on the platform in the past 8 years. He then went on to give an interesting analogy – if someone drank Pepsi and thought that Coke was inferior to Pepsi it didn’t make Pepsi a scam. His implication was that even if people thought that Bitcoin was superior to Litecoin, Litecoin is not a scam. 
Source- Twitter
Tracking the Twitter
This comment led to a tweetstorm and garnered interesting responses from crypto twitter. A twitter user with handle “Jack of Hearts” said that comparing the transaction volume didn’t make any sense. However, he was convinced of the Coke- Pepsi analogy. 
Source- Twitter
Another user with twitter handle “BrainDeadXrpFan” said that he thought Vays was a scam. He further alleged that the latter mislead people into “not” buying anything while his own motive is to multiply his investments. 
Source- Twitter
Twitter user Tanzeem said that Vays is a scammer as he charges 0.3BTC/ hour and still expects Bitcoin to go under $3000. 
Source- Twitter
Talks about Litecoin just banking on Bitcoin’s market shares also surfaced. To which Lee replied that Litecoin helped Bitcoin immensely whereas Pepsi in no manner helps coke. 
Source- Twitter
 
Another crypto user alleged that Lee sold his project for fiat thus defeating the very purpose of Bitcoin. Lee in a sarcastic tweet then answered that it was his money and the decisions regarding it are solely his. 
Source- Twitter
Do you think that Litecoin has made valuable contributions to the cryptosphere? Share your opinion with us in the comments below!
The post Tone Vays Calls Litecoin[LTC] A Scam; Litecoin Creator Defends it With a Coke-Pepsi Analogy appeared first on Coingape.
Source: CoinGape

Crypto Market And Bitcoin Could Rise Steadily: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is showing positive signs above the $210.0B support area.
Bitcoin price needs to surpass the $8,400 resistance area to continue higher in the near term.
Litecoin (LTC) price is still struggling to climb above the key $60.00 resistance area.
Bitcoin cash price is slowly rising towards the $235 resistance area.
EOS price seems to be consolidating gains above the $3.050 and $3.000 support levels.
Stellar (XLM) price is up more than 5% and it recently broke the $0.0650 resistance area.

Bitcoin (BTC) and the crypto market cap are likely to rise steadily in the near term. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are showing positive signs.
Bitcoin Cash Price Analysis
Recently, there was a minor downside correction in BCH price below the $225 level against the US Dollar. However, the BCH/USD pair remained well supported near the $215 level. The price is currently climbing higher and is trading nicely above the $225 level.
On the upside, there are two important resistances near $235 and $240, above which the price is likely to accelerate gains towards the $250 and $265 resistance levels.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price failed to gain momentum above the $58.00 and $60.00 resistance levels. However, LTC price is holding the $55.50 support area and it is currently trading in a range. Overall, it must surpass the key $60.00 resistance level to start a strong rise in the coming sessions.
EOS price settled above the $3.050 support area and it is trading in a range. On the upside, the main hurdle is near the $3.250 and $3.300 levels. A successful break above the $3.3000 resistance area might start an increase towards the next hurdle near the $3.500 level.
Stellar price is performing nicely above the $0.0600 pivot level. XLM price is up more than 5% today and it broke the $0.0620 and $0.0650 resistance levels. The next resistance is near the $0.0675, above which the price could revisit the $0.0695 and $0.0700 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there is a strong resistance forming near the $220.0B and $225.0B levels. If there is a successful close above $225.0B, the market cap could start a decent rise towards the $250.0B and $260.0B resistance levels. On the downside, an immediate support is near the $210.0B level, below which it could revisit $200.0B. Only a close below $200.0B may perhaps decrease chances of a decent increase. Overall, there are chances of a decent increase in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the near term.
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Crypto Market Cap And Bitcoin Could Rally: BCH, LTC, EOS, ADA Analysis

The total crypto market cap is holding a strong support area near the $220.0B level.
Bitcoin price is consolidating above $8,500 and it could rally further in the near term.
Litecoin (LTC) price must clear the $60.00 resistance area to continue higher.
BCH price is facing a strong resistance near the $235 and $240 levels.
EOS price is consolidating below the $3.250 and $3.300 resistance levels.
Cardano (ADA) price is currently consolidating above the $0.0400 support area.

The crypto market cap is showing positive signs along with bitcoin and Ethereum (ETH). Altcoins such as ripple, litecoin, BCH, EOS, tron (TRX), and ADA could slowly rise.
Bitcoin Cash Price Analysis
In the past two days, bitcoin cash price remained stable above the $210 and $215 levels against the US Dollar. Moreover, the BCH/USD pair made an attempt to climb above the $235 and $240 resistance levels, but it struggled to gain momentum. Thus, if there is a clear break above $240, the price could march towards $250.
On the downside, the main support is near the $215 level. Therefore, below $215, the price could move back towards the key $205 and $200 support levels in the near term.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price is consolidating above the $56.50 and $55.50 support levels. On the upside, there is a strong resistance forming near the $60.00 level, above which there are chances of a fresh increase towards the $65.00 and $68.00 levels.
EOS price settled above the $3.050 pivot level and it is currently trading in a range. On the upside, there are a few hurdles near the $3.300 level, above which the price might surge towards the $3.500 level. On the downside a break below $3.000 could push the price into a bearish zone.
Cardano price is currently consolidating above the $0.0400 support area. On the upside, an immediate resistance is near the $0.0425, above which the price is likely to climb higher towards the $0.0450 level. The next key resistance is near the $0.0485 and $0.0500 levels.

Looking at the total cryptocurrency market cap hourly chart, there was a major upside break above the key $220.0B resistance level. The market cap is currently consolidating above the $220.0 level and it seems to be setting up for the next key break. If there is an upside break above $226.0B, the market cap could continue to rise. An immediate resistance is near the $235.0B and $240.0B levels. The next major resistance is near the $250.0B level. Overall, there are high chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, XLM, BNB, TRX, XMR, and other altcoins in the coming sessions.
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Crypto Market And Bitcoin Struggle Continues: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is facing a strong resistance near the $218.0B and $220.0B levels.
Bitcoin price failed to gain momentum above $8,300 and recently declined below $8,200.
Litecoin (LTC) price is still trading well below the main $60.00 resistance area.
Bitcoin cash price is currently correcting gains and it could test the $220.00 support.
EOS price failed to surpass the $3.250 resistance and is currently declining towards $3.050.
Stellar (XLM) price is currently consolidating gains above the $0.0600 support area.

Bitcoin (BTC) and the crypto market cap are struggling to gain bullish momentum. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are currently correcting gains.
Bitcoin Cash Price Analysis
After a decent upward move, BCH price faced resistance near the $235 and $240 levels against the US Dollar. The BCH/USD pair is currently correcting lower towards the $225 level. It seems like the price could test the $220 support area in the near term.
The main supports on the downside are near the $205 level. On the upside, a clear break above $240 is needed for more gains towards the $250 and $265 levels.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price recovered above the $55.00 and $56.50 resistance levels. However, LTC price struggled to gain momentum above $58.50 and remained well below the key $60.00 resistance area. The price is currently correcting lower and it may perhaps test the $55.00 support area.
EOS price climbed higher recently and tested the $3.250 resistance area, where sellers appeared. The price is currently correcting lower and is trading below the $3.200 level. If there are more downsides, the price could test the $3.050 support area in the near term.
Stellar price climbed higher positively above the $0.0620 level. However, XLM price failed to gain momentum above the $0.0630 level and recently started a downside correction. It seems like the price could test $0.0600 or $0.0595 before starting a fresh increase.

Looking at the total cryptocurrency market cap 4-hours chart, there was a decent upward move above $210.0B. However, the market cap faced a strong resistance near the $218.0B and $220.0B levels. Moreover, the 100 SMA also acted as a crucial resistance. The market cap is currently correcting lower and it could test the $205.0B support area. The main support on the downside is near the $200.0B level, below which there could be a sharp decline in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins. Conversely, a clear break above the $220.0B resistance and close above the 100 SMA is needed for an upside acceleration in the near term.
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Price Analysis October 4: Bitcoin, Ripple [XRP], Litecoin, Credits and EOS

Ripple, Litecoin, EOS and Credits break away from the general bearish trend to record relatively impressive gains on Friday.
EOS is likely to plunge back to $2.6 in the event the continuation flag pattern takes center stage.
The cryptocurrency market is mixed red and green on Friday following a lethargic of the trading week. Most cryptocurrencies including Bitcoin strongly pushed for recovery, however, key hurdles kept significant gains at bay. The top three digital assets could push above specific seller congestion zones. For instance, Bitcoin broke above $8,500 but failed to penetrate the $8,600 hurdle. Ethereum made above $180 but $185 was a hard nut to crack. Ripple, on the other hand, pushed against key support areas but failed to break $0.26 resistance.
Elsewhere in the market, Apple’s CEO Tim Cook has made it clear that the technology giant has no plans of issuing a cryptocurrency. Cook reckons that matters to do be currency are better off left for the state.
His comments come amid the ongoing Lobby to have Facebook Inc.’s Libra digital currency launch. Moreover, the regulators in the United States demand to meet the CEO of Facebook Mark Zuckerberg by January 2020.
While the regulatory tussle continues, reports surfacing say that some of the 28 members of the Libra Association are considering exiting the project. MasterCard, Visa and even PayPal are said to have cold feet over their involvement. A possible reason for the cold feet is to ensure that they do not harm the reputation they have already built with regulators over the years. In fact, PayPal did not attend a Libra Association meeting in Washington DC held on October 3.
Bitcoin Price Analysis – XBT/USD 1-hour chart
Bitcoin is forming a short-term ascending triangle bullish pattern that is gradually approaching a breakout. On confirmation of the breakout, Bitcoin’s bullish leg will target the hurdle at $8,500. The hardest task for Bitcoin bulls is to hold the price above the ascending trendline support. This will allow them to increase entries which coupled with a stronger technical picture and high volume will propel the cryptoasset to highs towards $9,000.
XBT/USD hourly chart by Tradingview
Meanwhile, the short-term picture suggests that the sellers are in control. The moving average convergence divergence (MACD) is stuck within the negative region. Besides, the increasing negative divergence signals that the bearish action will continue to prevail until the bullish setup discussed above comes into action. Krptoben, an analyst with Tradingview shares similar breakout sentiments:
“BTC Forming Ascending triangle textbook bullish must break resistance at 8481 to confirm this bullish pattern and hold this slopping support trend line. Let’s see if btc bulls can push upwards movements in the short term.”
Ripple (XRP) Price Analysis
 
Ripple is nurturing a bullish trend on Friday and seems to be breaking away from the other major cryptocurrencies. This follows a pulldown that has been happening since the beginning of October. The 38.2% Fib retracement level taken between the last swing high of $2636 to a swing low of $0.2324 cushioned the declines that formed a low at $0.24.
The upward correction in the last couple of days has seen XRP step above key levels including the moving averages (both the 50 MA and the 100 MA on the hourly chart). In addition to that, the price is back in in the upward trending channel. The moving average convergence divergence (MACD) also shows that the buyers are taking back control.
Source: TradingView
Litecoin (LTC) Price Analysis
Litecoin is stuck in a range between $52 (support) and $57.50 (resistance) for more than a week now. All attempts to break above the range limit have been thwarted by the existing selling pressure. For instance, the minor bullish leg on Friday managed to break above the 50 MA on the 4-hour chart but fizzled out at $57.50. Litecoin is currently trading at $57 amid a building bearish momentum.
Source: TradingView
The moving average convergence divergence suggests the current trend will remain sideways. The indicator recovery made it above the mean line but failed to maintain the uptrend. For now, we can expect LTC to remain in range until a breakout occurs towards $60.
Credits Price Analysis – CS/BTC 4H Chart
Against the background of the general market decline, the CS / BTC trading pair shows a positive trend in terms of growth in volumes and prices. On the chart, we can see that the price once again has rebounded from the support line in the zone of 0.0000105-0.0000110 BTC and is preparing for a retest of the resistance zone around 0.0000127-0.0000130 BTC. Breaking this zone will enable the price to go up to the zone of 0.000015-0.000016 BTC. The overselling of technical indicators can be an additional incentive for investors when deciding to enter a position as well as fundamental news performance.
Chart Source by TradingView
EOS price analysis
EOS is also developing its own path towards recovery despite the general picture in the crypto market being negative. The overwhelming breakout last week was halted at $2.6 (major support) giving way for the ongoing bullish action within a flag pattern.
Source: TradingView
The price is up 2% on the day and trading the 50 MA on the four-hour chart. Also trending upwards is the relative strength index (RSI). The indictor’s lows have been making a higher high pattern. At press time, The RSI at 50 is still pointing upwards relative to the ongoing correction likely to break above $0.30

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Source: CoinGape

Bitcoin And Crypto Market Remain At Risk: LTC, BNB, BCH, TRX Analysis

The total crypto market cap is struggling to break the key $220.0B resistance area.
Bitcoin price is now trading well below the $8,400 and $8,500 resistance levels.
Binance coin (BNB) price is slowly declining and it could test the $15.20 support area.
Litecoin (LTC) price is somehow holding the key $55.00 support area.
BCH price is consolidating above the key $220 support level, with bearish signs.
Tron (TRX) price settled above the $0.0140 level, but it is facing hurdles near the $0.0150 level.

The crypto market cap and bitcoin (BTC) are trading below key resistance. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS are slowly moving lower.
Bitcoin Cash Price Analysis
BCH price failed to clear the $235 resistance area and recently corrected lower against the US Dollar. The BCH/USD pair tested the $220 support level and it is currently trading in a range. If there is a downside break below the $220 support, the price could test the $205 or $200 support level.
On the upside, there are hurdles forming near the $230 and $235 levels. A clear break above the $235 resistance might push the price towards the $250 resistance area.
Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis
Binance coin (BNB) price is currently trading in a range above the $15.00 support area. On the upside, BNB price is facing a strong resistance near the $16.00 and $16.20 levels. On the downside, a break below the $15.00 support could lead the price towards the $14.20 support.
Litecoin price is somehow holding the $55.00 support area. If LTC price breaks the $55.00 support level, there is a risk of another drop towards the $50.00 support area. On the upside, the price must break the $58.00 and $60.00 resistance levels to move into a positive zone.
Tron price recovered from the $0.0120 support area and it settled above the $0.0140 level. However, TRX price is now facing a strong resistance near the $0.0150 level. If there is a daily close above the $0.0150 resistance, there are chances of more upsides above the $0.0155 and $0.0160 levels in the near term.

Looking at the total cryptocurrency market cap 4-hours chart, there is a crucial resistance forming near the $220.0B level. Moreover, there is a connecting bearish trend line forming with resistance near $215.0B on the same chart. To start a strong upward move, the market cap must surpass the $220.0B resistance area. On the downside, the main support is near the $200.0B level. If there is a break below the $200.0B support, it could spark another drop in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.
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Bitcoin And Crypto Market Cap Near Key Juncture: BCH, XLM, EOS, TRX Analysis

The total crypto market cap is slowly moving higher towards the key $220.0B resistance area.
Bitcoin price might soon make another attempt to surpass the key $8,500 resistance area.
BCH price is holding the $220 support, but it is facing hurdles near the $235 resistance.
EOS price is climbing above $3.000 and it may perhaps revisit the $3.100 area.
Stellar (XLM) price must surpass the $0.0600 and $0.0620 resistance levels for more gains.
Tron (TRX) price is climbing higher towards the key $0.0150 resistance area.

Bitcoin (BTC) and the crypto market cap are currently approaching key resistances. Ethereum (ETH), BCH, stellar (XLM), ADA, EOS, ripple, and tron (TRX) might struggle to continue higher.
Bitcoin Cash Price Analysis
Recently, BCH price corrected lower from the $235 resistance area against the US Dollar. The BCH/USD pair traded below the $225 level and tested the $220 support. The price is now consolidating and it seems like it could rise again towards the $235 resistance area in the near term.
On the downside, the key support is near the $220 level. If there are more downsides, the price could test the $205 and $200 support levels.
Stellar (XLM), EOS and Tron (TRX) Price Analysis
EOS price corrected lower below the $3.000 level and tested the $2.850 support area. The price is moving higher once again and it about to break the $3.000 resistance area. If the bulls remain in action, the price may perhaps revisit the $3.100 resistance. The next key resistance is near the $3.250 level.
Stellar price is slowly rising from the $0.0500 support area. XLM price is approaching the key $0.0600 resistance area. If there is a successful break above the $0.0600 resistance area, there could be more gains towards the $0.0620 and $0.0650 levels in the near term.
Tron price managed to stay above the $0.0130 level and recently climbed above $0.0140. TRX price is now trading above the $0.0142 level and it seems like it could even break the $0.0145 level. If there are more upsides, the next stop for the bulls could be near the $0.0150 resistance.

Looking at the total cryptocurrency market cap 4-hours chart, the $200.0B level is acting as a strong support. The market cap is currently moving higher, but it is facing a crucial resistance near the $220.0B level and a connecting bearish trend line on the same chart. A clear break above the $220.0B resistance is needed for more gains in the coming sessions. In the mentioned bullish case, there could be a decent recovery in bitcoin, Ethereum, EOS, ripple, litecoin, bitcoin cash, XLM, TRX, BNB, WAN, WTC, ICX, and other altcoins in the near term.
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Ethereum, XRP, Litecoin and Other Large Cap Altcoins Poised For 20% Breakout

With Bitcoin price collapsing after a powerful parabolic rally, large-cap altcoins such as Ethereum, XRP, Litecoin, and others may finally have their time to shine.
If the assets among the top ten cryptocurrencies by market cap are able to hold support at current levels, they may be ready for as much as a 20% breakout to the upside as sell pressure wanes.
Crypto Analyst: Large Cap Altcoin Index Shows Potential 20% Breakout
2019 has not been a rewarding year for altcoin investors. The crypto assets showed some early signs of life at the start of the year alongside Bitcoin, however, once Bitcoin went parabolic, it sucked the capital from the altcoin market even further, causing values to drop not only in their USD rates but even worse so relative to their BTC ratios.
But Bitcoin has recently crashed, and its caused crypto traders and investors look elsewhere for profits, potentially starting with “large-cap” altcoins such as Ethereum, XRP, Litecoin, and others amongst the top ten cryptocurrencies by market cap.
Related Reading | XRP Breaks Below Bear Market Bottom, Will The Rest of Crypto Follow? 
Just ahead of Bitcoin’s collapse, these altcoins began to rebound from recent lows, but uncertainty surrounding Bitcoin caused the initial rally to also retrace. However, the asset’s retracement stopped at support, suggesting that the downtrend may finally be over for certain altcoins.
If the support continues to hold, according to one crypto analyst, it could result in a 20% breakout to the upside should a custom index of large-cap altcoins push through resistance.

BIG CAPS INDEX | They keep pushing against local horizontal resistance while holding on uptrend support.
A breakout would push a potential +20% on them.
Coins indexed: $ETH, $XRP, $LTC, $BNB, $EOS, $TRX, $XLM and $LINK. pic.twitter.com/iTqg8cNHi9
— Crypto Rand (@crypto_rand) October 2, 2019

Now that crypto investors are cashing out Bitcoin profits and seeking elsewhere to invest their funds, altcoins may be looking especially attractive after having set new lows recently and after the extended downtrend they’ve been on relative to BTC.
Not only could these large-cap altcoins like Ethereum, XRP, and Litecoin regain much-lost ground against Bitcoin, they could also see strong gains in their USD value as well.
The altcoin market is illiquid, and takes very little capital to have a dramatic impact, hence the occurrence of what the crypto community refers to as alt seasons. With two years of bear market and sell pressure potentially completely exhausting the market of sellers, it may finally be time for these beaten and battered assets to return to a bull market.
Related Reading | Crypto Analyst: Altcoin Apocalypse Caused Bitcoin Bear Market 
Alternatively, the renewed bearish sentiment around Bitcoin could not only prevent altcoins from regaining the value they lost during the downtrend, but it could drag alts down further into oblivion. With many of them still down 99% from their all-time highs, it’s difficult to imagine they have further to fall, but in the crypto market, anything is possible.
Featured image from Shutterstock
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Crypto Market Cap And Bitcoin Facing Resistance: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is facing a strong resistance near the $220.0B level.
Bitcoin price is also trading below a crucial resistance area near the $8,500 level.
EOS price failed to hold the $3.000 support and declined below $2.950.
Binance Coin (BNB) is declining and it might test the $15.00 support area.
BCH price struggled to clear the $235 resistance and it is currently trading towards the $220 support.
Tron (TRX) price is down more than 5% and it broke the $0.0140 support area.

The crypto market cap and bitcoin (BTC) are facing important resistances. Ethereum (ETH), binance coin (BNB), ripple, BCH, tron (TRX), litecoin and EOS are currently declining.
Bitcoin Cash Price Analysis
There was an upside correction in BCH price above the $225 and $230 levels against the US Dollar. However, the BCH/USD pair struggled to clear the $235 resistance level and recently started a fresh decline. It broke the $230 level and it is currently trading just below $225.
It seems like the price might test the $220 level. Any further losses could push the price towards the $205 support area in the near term. On the upside, the main resistance is near the $235 level.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price rallied sharply earlier this week and broke the $3.000 resistance area. The price tested the $3.100 level and recently started a downside correction below the $3.000 level. It seems like the price may perhaps correct further lower and test the $2.850 support area.
Tron price surged more than 10% and climbed above the $0.0145 level. However, TRX price failed to continue higher and recently corrected more than 5% below $0.0142. The price is now trading below $0.0140 and it might test the $0.0138 support level.
Binance coin (BNB) corrected above the $16.00 level, but it struggled to surpass the $16.20 resistance area. BNB price is now trading below $16.00 and it could test the $15.25 or $15.00 support in the coming sessions. On the upside, the main resistance for the bulls is near the $16.20 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a minor upside correction from the $200.0B support area. However, the market cap failed to climb above the $220.0B resistance area. There is also a connecting bearish trend line forming with resistance near $220.0B on the same chart. Therefore, a clear break above the $220.0B resistance is needed for a decent upward move. If not, there could be another decline in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX in the near term.
The post Crypto Market Cap And Bitcoin Facing Resistance: BCH, BNB, EOS, TRX Analysis appeared first on NewsBTC.
Source: New feedNewsBTC.com

Bitcoin Depot Looking to Expand to 1,000 Crypto ATMs to Better Serve Underbanked

Coinspeaker
Bitcoin Depot Looking to Expand to 1,000 Crypto ATMs to Better Serve Underbanked
Bitcoin Depot is going to widen its Bitcoin ATM network within the United States to offer people the easiest and the most convenient way to deal with cryptocurrencies.
Bitcoin Depot Looking to Expand to 1,000 Crypto ATMs to Better Serve Underbanked

Continue reading at Coinspeaker
Source: CoinSpeaker

Litecoin Price Analysis: LTC Reversing Downtrend, Can The Bulls Break $56 Hurdle?

Litecoin and other altcoins break away from Bitcoin’s downtrend mess to post a 2.47% gain.
The falling triangle breakout and the trading above the descending trendline have given the bulls to attack $56 resistance.

Litecoin’s downtrend from last week is not unique as declines have been broad-based. The consolidation above filed to bear positive fruits. Instead, the sixth-largest cryptocurrency made a turn for the worst by diving towards $50. The flash drop hit a low around $50.27 (on Coinbase) before recovery shallowly.
Following the shallow recovery stepping above $52, LTC/USD upside was capped at $56. Any penetrations above $56 have remained largely unsustainable with the price stay within a range $52.00 – $56.00.
LTC/USD 1-hour chart
LTC/USD price chart by Tradingview
Interesting, the tug war between the bulls and bears appears to be leaning towards the buyers who currently have pulled the price the descending trendline resistance. Moreover, Litecoin is trading above both the 50 moving average and the 21 exponential moving average. This clearly shows that the mantle is slowing turning in the direction the bulls desire.
Glancing upwards, the current price slightly above $55 continues to hit on the range resistance at $56.00. Correction above the range limit will give a boost to the buyers towards the next hurdle at $60, $68 (supply zone one) and $80 (supply zone two).
The formation of a falling triangle pattern means that the minor breakout could correct higher as long as the buyers increase their positions. Another key bullish indicator is the Elliot Wave Oscillator. The indicator has posted three uninterrupted bullish sessions. Coupled with the increasing volume, Litecoin has enough power to push for gains towards $60 and beyond.
LTC/USD Key Technical Levels
Spot rate: $55.10
Relative change: +1.33
Percentage change: +2.47%
Open: $53.95
High: $55.89
Low: $52.60
Trend: Bullish
Volume: Growing
Volatility: High
The post Litecoin Price Analysis: LTC Reversing Downtrend, Can The Bulls Break $56 Hurdle? appeared first on Coingape.
Source: CoinGape

Bitcoin And Crypto Market Extending Decline: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is below $210.0B and is likely to extend its decline.
Bitcoin price is trading below $8,000 and it is moving with a bearish angle.
EOS price is down more than 2% and is approaching the $2.700 and $2.650 support levels.
BCH price is facing resistance near the $225 level and it could revisit the $200 support area
Tron (TRX) price is approaching the $0.0130 level and it might continue to decline.
Cardano (ADA) price is down 5% and it recently broke the key $0.0385 support area.

Bitcoin and the crypto market cap are currently extending their decline. Ethereum (ETH), EOS, Tron (TRX), BCH, ripple, ADA and BNB are trading in a bearish zone.
Bitcoin Cash Price Analysis
After a strong decline, BCH price found support near the $200 level against the US Dollar. The price started an upside correction and traded above the $210 level. However, the price struggled to break the $225 resistance level and it is currently trading with a bearish bias.
It seems like the price might once again break the $210 support. If there is a downside break, the price could even break the key $200 support area in the near term.
EOS, Tron (TRX) and ADA Price Analysis
EOS price declined heavily and settled below the $3.000 support area. The price is currently trading below the $2.850 support area and it might soon test the $2.700 or $2.650 support. The main support on the downside is near the $2.500 level. On the upside, a close above $3.000 is needed for a decent recovery.
Tron price is trading in a strong downtrend below the $0.0150 level. TRX price even broke the $0.0140 support and it is currently approaching the $0.0130 level. If there are more downsides, the price could test the $0.0120 level in the coming sessions.
Cardano price is down more than 25% in the past few days and it is now trading well below the $0.0500 level. ADA price broke the $0.0400 support and it is now approaching the $0.0350 support. On the upside, the previous support near $0.0400 may perhaps act as a resistance area.

Looking at the total cryptocurrency market cap 4-hours chart, there are many bearish signs visible below the $210.0B and $220.0B resistance levels. Therefore, there are high chances of a downside break below the $200.0B and $195.0B support levels. The next key support on the downside is near the $180.0B level. Overall, there are many signs, suggesting more downsides in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins in the near term.
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Source: New feedNewsBTC.com

Litecoin [LTC] Summit to Host Famed Sport Personalities and US Politician

Ron Paul, one of the most pro-active US politicians, former congressman and three times Presidential candidate will join the Litecoin [LTC] summit.
The organizers have also listed famed sports personalities in UFC Fighter, Ben Askren and Nascar Driver – Landon Cassil.
Litecoin [LTC] Directing Focus in America?
The recent development made by the Litecoin Foundation suggests that the team is directing its focus to America. After becoming the official cryptocurrency for American Football team Miami Dolphins, the foundation is eyeing further popularity.
Ron Paul is a stern critic of the Federal Reserve and has long supported cryptocurrency innovation. The Foundation tweeted,
He’s a former congressman, presidential candidate, and literally wrote the book on ending the Fed. Don’t miss what crypto supporter @RonPaul has to say at the 2019 Litecoin Summit.
Furthermore, iconic figures from other American interests have also joined as speakers at the summit. CJ Sapong, an American football player, and Baseball star and hedge fund manager, Tyler Adkinson also made the list. The Foundation clearly seems to gain popularity in the USA.
The Summit will be held on 28th-29th October in Las Vegas. Besides, celebrities, the event will also host leading crypto figures in Anthony Pompliano, Samson Mow, Mati Greenspan, Michael Nye, and Wendy O.
Litecoin [LTC] Price
Litecoin [LTC] like most cryptocurrencies in facing bearish pressures as the moment. The currency rose to a yearly high of nearly $150, has fallen back to $55. A lot of the hysteria was caused due to Litecoin halving.
LTC/USD 1-Day Chart on Bitstamp (TradingView)
The utility of Litecoin [LTC] is mostly focused as a medium of exchange and store of value. The transaction fees and block time in LTC are considerably lower than Bitcoin. Hence, it is more efficient to as a medium of exchange.
Nevertheless, it faces competition from numerous cryptocurrencies, including utility tokens and platforms like Ethereum and EOS. The efforts of the Foundation to increase adoption in the US could yield positive results in the future.
In the future, which cryptocurrency do you think will have high adoption as a medium of payment? Please share your views with us. 
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Source: CoinGape