Bear market got you down? We tracked the github activity of all the major projects and compiled a list of projects with highest number of commits made last week. We understand that commit count is not the most important metric for a project, but it still is a great indicator of dev activity happening in…
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Litecoin price started a strong increase above the $70 resistance against the US Dollar. LTC is currently consolidating and might aim more upsides above $85. Litecoin started a strong increase above the $65 and $70 levels against the US Dollar. The price is now trading above $70 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $74.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price must clear the $83.20 and $84.65 to start another increase in the near term. Litecoin Price Continues To Outperform In the past few days, litecoin price started a steady increase above the $60 level against the US Dollar. LTC price was able to clear the $65 and $70 resistance levels to move into a bullish zone. The bulls even pumped the price above the $80 level, outperforming both bitcoin and ethereum. However, the price faced sellers near the $85 zone. A high was formed near $85.08 and the price is now consolidating gains. Litecoin price is now trading above $70 and the 100 simple moving average (4-hours). There was a minor decline below the 23.6% Fib retracement level of the upward move from the $70.57 swing low to $85.08 high. Besides, there is a major bullish trend line forming with support near $74.00 on the 4-hours chart of the LTC/USD pair. Source: LTCUSD on TradingView.com On the upside, an immediate resistance is near the $82.00 level. The first major resistance is near the $83.20 level. The main resistance is near $85. If there is a clear break above the $85 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $92 and $95 levels. Any more gains might send ltc price towards the $100 resistance zone. Dips Supported in LTC? If Litecoin price fails to clear the $82.00 resistance level, there could be a downside correction. An initial support on the downside is near the $80 level. The first major support is forming near the $77.80 level. The stated level is near the 50% Fib retracement level of the upward move from the $70.57 swing low to $85.08 high. Any further losses may perhaps send the price towards the $74 support in the coming sessions. Technical indicators: 4-hours MACD – The MACD is slowly losing pace in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is currently above the 50 level. Major Support Levels – $78.00 followed by $74.00. Major Resistance Levels – $82.50 and $85.00.
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Ethereum failed again to settle above the $1,300 resistance against the US Dollar. ETH is moving lower and might soon test the $1,220 support zone. Ethereum attempted another upside break above $1,300, but failed. The price is now trading below $1,280 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,272 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct further lower, but the $1,220 support is the key. Ethereum Price Corrects Lower Ethereum price made another attempt to surpass the $1,300 resistance zone. However, ETH struggled to gain momentum above the $1,300 level. A high was formed near $1,304 and the price started a downside correction, similar to bitcoin. The price declined below the $1,280 support zone and the 100 hourly simple moving average. Besides, there was a break below a key bullish trend line with support near $1,272 on the hourly chart of ETH/USD. Ether price traded as low as $1,248 and is currently consolidating losses. There was a minor increase above the $1,260 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1,304 swing high to $1,248 low. An immediate resistance on the upside is near the $1,270 level and the 100 hourly simple moving average. The first major resistance is near the $1,275 level. It is near the 50% Fib retracement level of the recent decline from the $1,304 swing high to $1,248 low. Source: ETHUSD on TradingView.com A close above the $1,275 resistance might send the price further higher. The next major resistance is near the $1,300 level, above which ether price might test $1,320. Any more gains might send the price towards the $1,400 resistance zone. Retest of a Key Support by ETH? If ethereum fails to start another increase above the $1,275 resistance, it could continue to move down. An initial support on the downside is near the $1,250 level. The next major support is near the $1,220 level. If there is a break below $1,220, the price could test the $1,165 support. Any more losses could lead the price towards the $1,100 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,220 Major Resistance Level – $1,275 Featured image from iStock
An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated risks. “This is essentially what we are doing in the CBDC experiments,” he stressed. RBI […]
Online tech sleuths claim to have uncovered a secret new project on Twitter, which is being referred to as “Twitter Coin.”
The Federal Trade Commission is investigating several unnamed crypto firms over possible misconduct in the advertisement of digital assets.
It’s all too late this bull, we all saw Graham, Meet Kevin, Andre Jikh, Jeremy (how the F did he get a following his picks were so bad) Bitboy, Kevin O’Leary, Mark Cuban, Raul Pau, cryptoRus, too many popular YouTubers to name. Everything they said rugged pulled people, went to 0, was a total scam…
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