Chart of Litecoin gradually draws a new bottom, and the coin was confident a new line below $ 30. Other altcoins also continue to decline. The bulls, however, there is still hope for a small respite — the market is heavily oversold and in the near future cryptocurrencies may slightly restore to the resistance lines.
theOne glance at a 1-day chart EOS clear that the coin is still at the mercy of the bears. The asset fell below the 4 to $ 3.15 per dollar, before this line was considered as the main trigger to open short positions.
image Source — NewsBTC
Now the majority of traders expect a decline to $ 1.5, they're playing the shorts with stop loss above $ 4. In other words, be careful and sharp rebound above this level close your shorts. The wave of liquidations may make asset above 5 and even $ 7. However, the probability of falling is still very high.
theRecall the recent trade pair with LTC added to the exchange Bitex, which became available to UAE nationals. It happened just five months after the local financial regulator issued a set of rules for firms that want to work with digital assets.
image Source — NewsBTC
On the chart Litecoin is no clear potential for growth, as the cryptocurrency fell below support zone of $ 50. However, before continuing the bearish trend of the asset may again test the line so be careful with short positions.
theXLM yesterday also got, in the last days the rate has decreased by almost 20% and is 14.44 cents. Now traders need to look at the level of 30 cents.
image Source — NewsBTC
Rising above it the bulls will open the way to a new local maximum in the area of 50 cents. However, the coin is actively Shortt. Today she crossed the important level of 15 cents.
theIn the last 7 days Cardano fell more than a third — is not the best indicator. Unfortunately, the bears will continue to put pressure on the price of ADA in the coming days.
image Source — NewsBTC
A Less likely scenario — the growth of above 6 cents. In this case, the bulls will have the strength to push altcon up to 10 cents, but count on a long-term uptrend is still not worth it.
theThe situation with the XMR is also no different from most coins. While coin is more profitable and safer to short until a new zone of accumulation. The signal for possible growth will be the successful penetration level of 70 dollars.
image Source — NewsBTC
To find even more promising altcoins, be sure to subscribe to our .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
The trader's prediction: Bitcoin will fall by 30 per cent and will focus on the 3 thousand
the Head of Genesis and Genesis Trading Capital Trading again appeared on CNBC in the transmission «Squawk on the Street». He believes that we have groped a bottom of Bitcoin is only somewhere around 3 thousand. The assu...
In the Ledger resumed support after Cash Bitcoin hard forks coins
nearly a week after hard forks Cash hardware wallet Ledger resumed support for the cryptocurrency. Earlier, the developers of the Ledger to suspend transactions BCH due to concerns about the division of the blockchain coins on two...
The whole truth about the fork: Ethereum Ethereum is better than Classic?
If you look closely at the list of available cryptocurrencies, it is easy to see that there are two versions: just Ethereum (ETH) and Ethereum Classic (ETC). Two of these cryptocurrencies not only have one name, but have an intere...
White flag: SV team Bitcoin conceded defeat in the "war of Harrachov"
Hardwork Bitcoin in August of 2017 has created a lot of conflicts in cryptocommunist. Emerged into the light Bitcoin Cash some called useless Aldona, others «real Bitcoin». However, the division circuit the Bitcoin Cash ...
Google Trends: the number of queries about Bitcoin reached a six-month high
Due to the sudden collapse of Bitcoin prices, the number of queries in Google on the topic struck a semi-annual maximum. The latest data from Google Trends shows a spike of interest in the topic of cryptocurrency after Bitcoin pri...
Learn to analyse the ICO. Five main points
This boom projects as at the end of 2017, we will never see. This is hardly bad, as a matter of fact the market gradually weeds out initially communicating or fraudulent projects. Survive only truly effective ICO is able to offer ...
Dr. Doom: digital currency from the Central banks will destroy the crypt
In one of his last posts said that the issue of digital currencies by Central banks could potentially destroy cryptocurrencies like Bitcoin. It seems the age-old American cryptomatic constantly increasing their hatred of the niche...
loss of « hasraton» teams between the forks of the Cash had reached $ 11.8 million. Claimed analysts of the research Department of the exchange BitMEX. The outcome of the confrontation is near — now Bitcoin ABC occupies ...
Not waiting: the court fined the prosecution for blocking website about cryptocurrency
In 2016, the website of Nicholas Tonkoshkura was without warning locked at the request of prosecutors. Though not so soon, but justice has been done. This week the court of St. Petersburg at the Oktyabrsky district Prosecutor's of...
Analyze graphs: Ripple again goes to look for a new bottom
Despite the relatively good results in comparison with the rest of the stock market, the Ripple was not able to gain enough momentum in order to retain their positions in the price. The cryptocurrency fell below 0.43 per dollar, f...
How much will the Bitcoin to the end of 2019? Response COO BitPay
Chief commercial officer international cryptoprocessor gateway Sonny Singh gave a short interview to Bloomberg. He ventured to suggest that Bitcoin by the end of next year will rise to 15-20 thousand dollars. In the midst of a bea...
Second floor: Ethereum could fall even lower by the end of the week
Ethereum once again faced with strong selling pressure, the asset even for a time fell below support zone of $ 120. We will remind, earlier we already wrote that the best trading strategy for the stock market these days will be sh...
Give a pound Antminer: in China, sell ASIC miners in bulk
the Chinese miners to massively get rid of their «picks», they sell equipment for mining literally by weight. Cointelegraph reported, citing local news outlet 8BTC. The reason for the sale you know yourself — the rapid d...
Security cryptocell. How not to lose their money?
Many users naively believe that since they're dealing with cryptocurrencies, it gives them complete anonymity and their funds protected. In fact, the owners of cryptocurrencies immediately become a target for attackers. Phishing, ...
Non-obvious advantages. The useful mining Bitcoin?
the Cost of mining Bitcoin and the amount of electricity consumed often become the main arguments of the opponents of cryptocurrencies. They argue that the maintenance of a modern financial system, taking into account its efficien...
The analysts very soon Bitcoin will return to the level of 5 thousand dollars
Advisers about investing in cryptocurrency as always in excess. And after significant investors eager to absorb any information. While many experts argue that now is the time to enter cryptoprotection, there is another opinion. Ac...
A new vulnerability in the smart contracts Ethereum allows you to empty people's wallets
the Developer under the name Level K said about the existence of the vulnerability Ethereum, which allows the crooks to produce a huge amount GasToken when receiving ETH. Recall GasToken is a smart contract that allows you to toke...
What to expect from altcoins in the next week? Analyze graphs
How's the market altcoins? Spoiler: very bad. Investors continue to suffer losses, and the coins were falling below key support levels. The only coin that somehow showed itself last week was Stellar. Other cryptocurrencies are loo...
Comments (0)
This article has no comment, be the first!