Litecoin is not dead!

Despite an 87% drop from the high of $440 in December LTC appears to be setting up for a counter trend move.  On this weekly pattern we see a pretty clear falling wedge forming and price is looking to break out above the declining trend line. RSI has gone sideways since the beginning of August at just under 40 and the MACD has moved sideways as well at the extreme oversold levels.  Markets bottom by exhaustion and it’s pretty clear that buying volume has dried up since December.  Falling wedges…

Weekly analsysis of BTC charts!

August 5,2018 Bitcoin Analysis Daily/Weekly charts Chart provided by Tradingview.com   On the Bitcoin (BTC) Daily Chart you can see in the first section that since the start of the year BTC has been making a series of lower highs and there is no sign that this is changing as of now.  Until BTC can make a higher high from the July high then BTC has limited upside.   The 2nd section which is the MACD shows that there are 3 crossovers to the downside after each high in price. …

Bitcoin Price Climbs Back Above $8k to Reach 60-Day High

Bitcoin’s price has climbed back above $8,000 for the first time in two months. According to CoinDesk’s Bitcoin Price Index, the price of the world’s largest cryptocurrency by market capitalization jumped by $200 in just two hours on Wednesday and is changing hands at $8,015 as of press time – that’s a level not seen since May 24. The price of bitcoin had been declining since May 24 and reached a new year’s low at $5,785 on June 24, after which it started regaining momentum for a move back above…

Crypto Community Responds to Mastercard Outage

Crypto community responds to Mastercard outage: Global payment giant Mastercard suffered a huge outage last week that led to a substantial hold-up in users’ transactions. Mastercard down – users report card payments failing due to glitch https://t.co/UxaCec5vhQ pic.twitter.com/XsSlIlqaLQ — Frédérique FP (@Frederique_FP) July 16, 2018 First reported by the Financial Times on July 12th, the outage had a global impact that sparked major complaints from consumers. Mastercard suffered outages across the US and most of Europe. Some issues? We were unable to get our rental car and now we’re losing half…

US Chamber of Commerce Calls for Clarity on ICOs

The U.S. Chamber of Commerce is interested in initial coin offerings as a way for companies to tap capital – but only if they’re regulated, that is. The influential business lobbying group launched its FinTech Innovation Initiative last Wednesday, highlighting development in cryptocurrencies and token sales as one of its eight “FinTech principles” aimed at “bridging the gap between technology and [Washington] D.C.” The organization specifically called for increased guidance on token sales, including how to determine whether a token is a security “so companies can have more predictability and…