Tag: Analysis

Crypto Market Back In Red: Litecoin (LTC), BCH, TRX, ADA Price Analysis

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The total crypto market cap failed to move above the $134.0B resistance and declined heavily. Litecoin (LTC) price moved down and broke the $62 and $60 support levels. Bitcoin cash price is down more than 4% and it recently broke the $160 support level. Tron (TRX) price declined recently, but it is still above the key $0.0220 support. Cardano (ADA) price is currently consolidating above the $0.0600 support level. The crypto market cap declined heavily, with strong bearish moves in bitcoin (BTC) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash,…

Ripple Price Analysis: XRP Bears Target $0.2800 Post Downside Break

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Ripple price remained in a bearish zone and declined below the key $0.3060 support against the US dollar. Bears remain in action as they managed to push the price below the $0.3000 support. Yesterday’s highlighted important bearish trend line is intact with resistance at $0.3035 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but bears remain in control below $0.3040 and $0.3060. Ripple price declined heavily and broke many supports against the US Dollar and bitcoin. XRP/USD is currently in…

Ethereum Price Analysis: Selling ETH Close To $135 A Good Deal

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ETH price failed to climb above the $137 resistance and declined later against the US Dollar. The price declined heavily and broke the $134 and $132 support levels. Yesterday’s highlighted key bearish trend line is active with resistance at $135 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting higher, but it is likely to face sellers near $134 and $135. Ethereum price declined sharply below key supports against the US Dollar and bitcoin. ETH might correct higher, but it is likely to struggle…

Crypto Market Testing Key Hurdle: BNB Rallies 12%, Bitcoin Cash, EOS, TRX Analysis

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The total crypto market cap seems to be facing a couple of important resistance levels. EOS price is slowly moving higher from the $3.62 support area, with a positive angle. Binance Coin (BNB) surged more than 10% and broke the $16.50 resistance. Bitcoin cash price is currently consolidating above the $165 support level. Tron (TRX) price retreated from highs and declined more than 4%. The crypto market is slowly moving lower, while bitcoin (BTC) and Ethereum (ETH) are facing many hurdles. Binance coin (BNB) rallied recently, whereas BCH, ripple, EOS,…

Ripple Price Analysis: XRP Facing Uphill Task With Sellers In Control

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Ripple price recovered recently, but it failed to break the $0.3120 resistance against the US dollar. The price is slowly declining and it is currently trading well below the $0.3100 level. There is a crucial bearish trend line formed with resistance at $0.3065 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to slide and it could revisit the $0.3020 support level in the near term. Ripple price is currently under pressure against the US Dollar and bitcoin. XRP/USD is facing a strong…

Ethereum Price Analysis: ETH Could Jump If It Closes Above 100 SMA

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ETH price is forming a decent support near the $134 level against the US Dollar. The price is currently moving higher and testing the key $136 resistance and the 100 hourly SMA. There is a major bearish trend line formed with resistance at $136 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a solid upward move once it settled above $136 and the 100 hourly SMA. Ethereum price is currently approaching key hurdles against the US Dollar and bitcoin. ETH is likely to climb…

Ethereum Price Weekly Analysis: Buy ETH With Break Above $138

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ETH price declined recently, but it found a strong support above $132 against the US Dollar. The price recovered and it is now facing a solid resistance near the $137-138 zone. There is a major breakout pattern formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher once there is a proper break above $138 and $140. Ethereum price is aligning for the next move versus the US Dollar and Bitcoin. ETH/USD will most likely climb higher as…

Ethereum Price Analysis: ETH Back In Familiar Range, Can Buyers Take Control?

TradingBTC

ETH price recovered nicely from the $132 support level and traded above $134 against the US Dollar. The price even cleared the $135 and $136 resistance levels, but upsides remain capped. There is a crucial bearish trend line formed with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair might face a strong resistance near the $138 level and it could drop back to $135. Ethereum price is slowly recovering higher against the US Dollar and bitcoin. However, there are many hurdles for ETH…

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 22

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The crypto markets are eagerly awaiting the launch of institutional trading platform Bakkt. Its launch is expected to attract large investors whose involvement is needed to propel markets to the next level. Without even starting operations, investors are already valuing it at $740 million.…

WSJ’s ShapeShift Exposé Overstated Money Laundering by $6 Million, Analysis Says

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When it comes to cryptocurrency transactions, questions about alleged money-laundering quickly get thorny. A Wall Street Journal investigation from last September, titled “How Dirty Money Disappears Into the Black Hole of Cryptocurrency,” claimed the crypto conversion platform ShapeShift had facilitated at least $9 million worth of money laundering over several years with “a parade of suspected criminals.” Now, at ShapeShift’s request, the blockchain analytics firm CipherBlade recreated the 2018 report and found less than $3 million in transactions involving potentially “tainted” funds. The main distinction here is that CipherBlade focused…