Here’s Why Analysts Are So Optimistic About Litecoin After 20% Breakout

While the focus of crypto investors has been on Bitcoin and Ethereum over recent days, Litecoin’s recent price performance has come into the public spotlight. From last week’s lows of approximately $55, the asset has surged just over 20% to $67 as of this article’s writing.

309 +

Chainlink Pushes Past $10 as Analysts Eye a Rally to $12.50

Chainlink has continued seeing incredibly strong price action despite some tempered signs of weakness within the aggregated crypto market. The strong token is now breaching into the double-digit price region for the first time in its history, with this marking a massive rise from its multi-week lows of $7.

272 +

Chainlink’s LINK Is Fast Approaching $10; Up 9,200,000% from the March Lows

Chainlink continues to be decoupled from bitcoin and the rest of the cryptocurrency market. While the crypto market is recording slight losses, the digital asset LINK is moving in another direction altogether.

280 +

Bitcoin Futures Interest Soars as Bond Yields Fall to Record Lows: Industry Exec

Surging open interest in crypto derivatives suggests investors are seeking alpha in other investments, like bitcoin, said the co-founder of an index fund provider.

273 +

Chainlink is About to Print an “Extremely Bullish” Pattern as Analysts Eye Upside

Chainlink has seen some volatile price action throughout the past couple of days, with its price oscillating between lows of $7.40 and highs of $8.80. This volatility has come as it decouples from the price action seen by Bitcoin and the aggregated crypto market – which, for the time being, is a positive technical development. […]

282 +

XRP Posts Classic “Bearish Retest” Pattern as Analysts Eye Lower Lows

XRP has been able to post some notable gains throughout the past couple of days Its recent upswing has even come about as Bitcoin and Ethereum both reel lower as a result of their latest rejections Despite being laggard throughout the early phases of this rally, the embattled crypto is now looking strong Analysts are still cautious about its mid-term outlook, however, as this latest upswing could simply mark a “bearish retest” of the upper boundary […]

269 +

Ethereum Bulls Face Mass Liquidation, But Analysts Point to Signs of Strength

Ethereum saw one of the most intense drops it has seen since mid-March yesterday, with the cryptocurrency’s price reeling from highs of $415 to lows of $300 in a matter of minutes. This decline caught bulls off guard, as the crypto was previously flashing signs of overt strength as it pushed higher each day. ETH’s […]

257 +

Chainlink Prints Harrowing Reversal Sign After 500% Rally from March Lows

One of the best-performing crypto assets over the past month has been Chainlink (LINK). From the March lows to the recent highs, the asset has rallied approximately 500% against the U. S. dollar.

230 +

Analyst Predicts Bitcoin Rally as Exchange Inflows Hit “Severe Lows”

Bitcoin inflow into crypto exchanges slows down as price treads sideways in a very narrow trading range. One analyst sees the trend moving in favor of bulls based on data provided by Santiment, a crypto-focused behavior analysis platform.

291 +

Chainlink (LINK) May See a Major Crash as Textbook Bear Signal Flashes

Chainlink has been one of the best-performing crypto assets of the past few weeks and months. Since the lows under $2 seen in March, the asset has more than quadrupled, trading as high as $9. 00 earlier this week.

211 +

XRP Rally Risks Strong Retracement in Pivotal Battle With Bitcoin

After years of underperformance compared to the rest of the crypto market, XRP has been pumping from bear market lows. But just as the altcoin reaches a key level on its Bitcoin trading pair, an ominous sell signal has triggered.

255 +

Crypto Tidbits: TikTok’s Dogecoin Craze, Coinbase on Stock Markets, Bitcoin Holds $9k

Another week, another round of Crypto Tidbits. After over a week of ranging, Bitcoin attempted to break higher this week. The flagship cryptocurrency moved from the weekend lows of $8,900 to a weekly high of $9,470 on major exchanges.

352 +

Brazil’s Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction

Brazilian crypto users are increasingly turning to USD-pegged stablecoins as the country's real sinks to record lows against the dollar.

245 +

Crypto market analysis: Bitcoin, Ethereum and Bitcoin SV

Most of the top cryptocurrencies are trading with low highs and higher lows as...

The post Crypto market analysis: Bitcoin, Ethereum and Bitcoin SV appeared first on Coin Journal.

295 +

Bitcoin is Showing “Signs of Exhaustion” as Analysts Eye a Movement to $8,000

Bitcoin is flashing some tempered signs of strength right now as it attempts to push up towards $9,300. This comes after an extended period of trading at $9,100 and seems to mark an extension of the momentum that the crypto first incurred when it bounced from its recent lows of $8,900 last week. This momentum […]

243 +

Why This Major Crypto Could Soon Crater to Early-2017 Lows

Litecoin is one of many crypto tokens that has been struggling to garner any upwards momentum in recent times. LTC has formed an incredibly close correlation to Bitcoin as of late, which has caused it to enter a long-held bout of sideways trading.

254 +

Bitcoin Indicator Shows Price Could Hit $7,100 as Resistance Mounts

Bitcoin has further extended its long-held bout of sideways trading as it hovers within the lower-$9,000 region It is continuing to flash some signs of weakness, however, as its price has been unable to garner any upwards momentum This weakness has caused the one indicator to suggest that the crypto could be positioned to see a swift movement to lows of $7,100 if it is unable to garner any heavy buying pressure This comes as […]

408 +

Bitcoin volatility craters to 2020 lows; Is the crypto market coiling up for a major move?

For a brief period yesterday, it seemed as though Bitcoin was making a trend-defining movement that would mark a resolution to the extended period of sideways trading that the crypto has faced over the past several weeks.

244 +

How The Pandemic Killed The Bitcoin Bull Run, According To Crypto Pundit

From the lows recorded in mid-March, bitcoin (BTC) is up by a whopping 120% at the time of publication. Even so, the cryptocurrency has not staged a steady uptrend. In fact, BTC has been stuck in a bout of sideways trading over the last three-plus months despite showing signs of a bull trend as it […]

344 +

Ethereum Narrowly Avoids a Breakdown; Here are the Levels to Watch

Ethereum and the entire cryptocurrency market faced some turbulence yesterday as Bitcoin declined beneath its range lows of $9,000 This movement proved to be short-lived, as the buying pressure found here quickly propelled the cryptocurrency back up into its long-held trading range Although this hasn’t provided the markets with any clear direction, it did allow ETH to narrowly avoid posting a major breakdown The second-largest crypto was able to bounce at a critical support level, […]

245 +

Bitcoin Flipping One Crucial Level into Support Could Spark a Wild Bull Trend

Bitcoin has been able to maintain the gains it posted yesterday after it saw a sharp rally that led it up to highs of $9,800 from its recent lows of $9,200 This movement was unexpected, and certainly boosted the crypto’s bull case That being said, BTC still remains firmly within its long-held trading range Whether or not it is able to sustain this momentum may be dependent on if it is able to flip a […]

278 +

Bitcoin Bulls Flash Signs of Strength as Stock Market Fuels Fresh BTC Uptrend

Bitcoin is showing some signs of strength after it posted a strong rebound from its recent lows set around $9,200 The crypto has since climbed back above $9,400, and appears to be navigating through what has become a heavy resistance level Analysts do believe that the token is poised to see further upside due to a few key factors One such factor would be the ongoing rise seen while looking towards the stock market, which […]

309 +

Bitcoin (BTC) Balance on Exchanges Falls Below Yearly Lows: Glassnode Analysts

Bitcoin (BTC) flows out of exchanges, as revealed by a top-level analytical team Glassnode. It perfectly reflects the overall uncertainty of the crypto markets.

361 +

Why This Respected Fund Manager Sees DeFi Thrusting Ethereum 4000% Higher To A Trillion-Dollar Market Cap

Some investors are still wary of a March-like market correction. With crypto markets, you can never predict, of course. For instance, who could have foreseen such a massive crash in mid-March, and who could have also seen the swift recovery from the painful lows? Ethereum has recovered over 120% from the lows of March. However, […]

338 +

Tether strongly correlates with future returns on major crypto pairs

Tether remains the most controversial stablecoin in the cryptocurrency industry. When the whole market crashed to extremes lows, it was Tether, whose supply grew as it climbed all the way up to positiThe post Tether strongly correlates with future returns on major crypto pairs appeared first on AMBCrypto.

225 +

Ethereum Forms Ascending Channel, But Bears Aren’t Out of the Woods Yet

Ethereum, like Bitcoin, has been able to recapture its previous trading range and put some serious distance between its current price and its recent lows The crypto market has been able to see a swift recovery from the overt weakness seen yesterday This, to many bulls, seemed to confirm that the market is well poised to see further upside in the days and weeks ahead In the case of Ethereum, the crypto now appears to […]

466 +

XRP Has Been Setting Lower Highs for 886 Days; Why Analysts Expect More Weakness

XRP has been severely underperforming the aggregated crypto market throughout 2020 The crypto is now on its 886th day of selling lower lows Analysts do not believe that this trend is going to alleviate anytime soon, as there are other signs of weakness that it has been flashing in recent times One veteran trader even noted that it could soon plummet another 30% against its BTC trading pair XRP has been struggling to garner any […]

759 +

Bitcoin Just Broke Its Parabolic Uptrend; Here’s What Traders are Saying

Bitcoin’s recent volatility has done some damage to its underlying market structure, despite it being able to post an ardent defense of the lower boundary of its long-established trading range. Yesterday, the crypto plunged to lows of $9,000 before finding any strong support, but it has since been able to rebound from these lows. Despite […]

553 +

Decision Time: Top Crypto Traders Expect Massive Bitcoin Move In Days Ahead

For forty days and forty nights, Bitcoin price has been trading above $8,000 but has repeatedly failed to hold above $10,000. A series of higher lows has kept buying strong, but the cryptocurrency has failed to gain the momentum it needs to break through the critical resistance. The push and pull of buyers and sellers...

265 +

These Simple Factors Suggest Bitcoin May Soon See a Massive Plunge

Bitcoin has once again extended its long-held bout of sideways trading, as it has now been hovering around $9,700 for the past few days The crypto did decline to lows of $9,400 this weekend, but buyers quickly absorbed the selling pressure that was driving this movement It now appears that there are some factors that suggest a downside movement could be imminent If these factors are enough to shatter a key trendline Bitcoin bulls have […]

430 +

Here’s Why Bitcoin’s V-Shaped Recovery from $3,800 Spells Trouble for What’s Next

Bitcoin has now entered a consolidation phase within the mid-$9,000 region following the meltdown seen yesterday This has made it increasingly unclear as to which direction the benchmark cryptocurrency will trend over a mid-term time frame One analyst is calling into question the long-term strength of BTC’s multi-month uptrend due to the “V-shaped” recovery it posted in mid-March when it dipped to lows of $3,800 He eludes to the possibility that this provided the crypto […]

298 +

Analyst: Bitcoin May See an Extended Bear Market Until September 2020

Bitcoin’s halving came and went, but no major uptrend has begun as crypto investors had been hoping. And although the leading crypto asset by market cap has rallied steadily from lows, another three-month-long downtrend and extension of the bear market may be ahead.

286 +

Two Top Cryptocurrencies with the Worst Serial Market Performance

After the crypto winter of 2018, digital assets started recovering last year and continued the behavior into 2020. Although still far from their all-time highs, the top cryptocurrencies have made a major recovery from their lows.

159 +

Bitcoin About To Enter A Full-Blown Bull Market Based On This Key Indicator – Analyst PlanB

After consolidating and stagnating for several weeks, bitcoin finally showed some signs of pushing higher last week. The top crypto is now trading above $9,500, marking a 10% recovery from the $8. 6K lows posted during a major correction in the course of May.

335 +

Max Keiser: There Isn’t Anything Crypto Altcoins Do That Bitcoin Won’t Do

Ever since the peak of the 2018 crypto bull market, Bitcoin has been front and center for most investors. Bitcoin dominance — the percentage of the cryptocurrency market made up of BTC — has doubled from the 33% lows, while a number of altcoin projects have died out due to funding issues and a lack of public interest.

220 +

Bitcoin Could Surge Past $10,000 as Ethereum “Hammers” Higher: Top Analyst

Bitcoin and the rest of the crypto market have performed extremely well over the past few days, bouncing 10% from last weekend’s correction lows. Though one cryptocurrency has been dramatically outperforming all the rest: Ethereum.

252 +

Revolut’s UK users bought 68% more Bitcoin in April

A new study reveals that UK retail traders bought more Bitcoin in April after countrywide lockdown had seen purchases drop by 50% throughout March. UK-based fintech company, Revolut, has provided data showing that users on its crypto trading app bought less crypto in mid-March even as Bitcoin crashed to new yearly lows.

240 +

Red Tide: Double-Digit Losses Sweep Crypto Asset Market

The cryptocurrency markets are a sea of red today, with all the top 10 cryptocurrencies by market cap reporting double-digit percentage losses for the last 24 hours (at press time). Bitcoin (BTC) has dropped 16 percent over the same period to 10-week lows below $8,000, and is heading towards its worst weekly loss (more than […]

242 +

As Bitcoin Desperately Clings To $9k, These Bullish Fundamentals Can Launch BTC Price To $14,000

After rocketing more than 100% off its March lows, bitcoin tumbled on Wednesday by 7%. This move downward came after 50 bitcoin from the Satoshi-era was spent for the first time since August 2017. Some bitcoiners panic-sold on fears that Satoshi had started dumping his coins on crypto exchanges. Bitcoin fell from above $9,700 to […]

473 +

Bitcoin Price: Shark Harmonic Pattern May Provide Final Buy Opportunity at Lows

Bitcoin price has made several attempts to break above $10,000 and revisit highs from last June. The crypto asset certainly has the momentum, however, if the rally stops and reverses at roughly $11,350, a bearish shark harmonic pattern will complete.

249 +

Coinbase Data Shows Crypto Investors Still Fans of Altcoins Despite Poor Performance

Despite climbing against Bitcoin today, most major altcoins are still trading around their multi-year lows while looking towards their BTC trading pairs This weakness comes as traders flee smaller cryptocurrency’s in favor of Bitcoin, which has been firmly establishing itself as a “safe haven asset” throughout the past couple of months Data from Coinbase, however, indicates that the vast majority of crypto investors on the platform are still interested in investing in altcoins Data from […]

516 +

Altcoins Headed For A Nauseating Capitulation As Bitcoin Strengthens: Analyst

The crypto market has rebounded sharply from the mid-March lows, but the altcoin market activity in recent days suggests that altcoins could be in for a brutal correction soon. Despite desperate hopes for an altseason, one analyst thinks altcoins are likely headed lower than anyone could have imagined, as bitcoin’s dominance grows from strength to […]

411 +

Despite Bitcoin Halving, Analyst Charts That BCH Will Drop Below $100

After an extremely strong rally of over 100% from the March lows, Bitcoin Cash and the rest of the crypto market have started to reverse over the past few days. BCH in and of itself has shed approximately 15% from its highs, crushed as sellers take over the market.

396 +

Accurate Crypto Top and Bottom Indicator Gives Mixed Bag of Signals

Bitcoin price just touched over $9,500, while altcoins have set new lows on their BTC trading pairs. Amidst the crypto confusion, a highly reliable indicator just gave a mixed bag of signals that has only added to the usual state of the cryptocurrency market.

271 +

Bitcoin’s Order Book Is Stacked With Bids: Here’s What That Means for BTC

Bitcoin has seen an influx of buying pressure over the past few weeks. This much has been made clear from the cryptocurrency’s 130%+ recovery from the lows. While BTC has stalled since reaching $9,500 last week, data indicates that there is still market demand for crypto.

394 +

This Crypto is On the Brink of Seeing Parabolic Upside as Bulls Defend Key Level

Chainlink has seen a notable recovery from its daily lows today, as the crypto’s bulls have stepped up and defended against it seeing further underperformance of Bitcoin and other altcoins. This comes as the cryptocurrency sees some notable fundamental developments, including an imminent listing on Gemini as well as the integration of multiple Chainlink oracles...

393 +

Crypto traders go into hiding as BitMEX continues losing market share

The crypto market has been subjected to immense volatility throughout 2020, with Bitcoin plummeting to lows of $3,800 in mid-March before incurring an intense rebound that has since led it all the way up to highs of $9,500.

318 +

Ethereum Bulls in Serious Trouble as Fractal Forecasts Lower Lows

Ethereum saw a massive rejection from its overnight highs that led it to reel lower today, erasing part of the gains that were incurred during yesterday’s uptrend This has caused the crypto to flash signs of technical weakness, especially while looking towards its Bitcoin trading pair One analyst is also pointing to an extremely bearish XRP fractal pattern that ETH has been closely tracking as a potential reason why lower lows are imminent Ethereum incurred […]

389 +

Bitcoin Just Shattered an “Optimal Short” Level; Here’s What This Means

Bitcoin saw a surprising overnight surge that allowed the cryptocurrency to capture a position within the $8,000 region This movement came about after an extended period of consolidation and multiple firm rejections at $7,800 BTC’s present momentum may not last too long, however, as the crypto is fast approaching a level that analysts are describing as an “optimal short” due to the resistance that has been established here Bitcoin’s intense uptrend from its recent lows […]

329 +