Hot Topics

Advertisement

Advertisement

Litecoin (LTC) Risks Significant Sell Off Below $50 In The Days Ahead

Litecoin (LTC) saw a lot of bullish momentum over the past few days which resulted in a strong rally to the upside. The 4H chart for LTC/USD shows that the price is now trading around the top of the ascending channel after facing a strong rejection at the top. This means that if LTC/USD fails to break out of this channel soon, we will see a sharp decline below $50 in the days ahead. The price could decline all the way towards the bottom of this ascending channel during the next correction but we expect it to find short term...

Read More

Bitcoin (BTC) Shorts Beginning To Pile Up As Bulls Remain Overly Cautious

Bitcoin (BTC) is once again at the mercy of overly cautious bulls after a recent pump that pushed the price close to $4,000. BTC/USD currently seems to be painting what can be characterized as a bull flag, but it could just as easily become a double top and result in a flash crash to the trend line support once again. The reason this could happen is because the bulls are too afraid to step up. Yesterday’s pump was more of an orchestrated attempt on part of the whales to get the bulls back in the game. However, it does not...

Read More

Ripple (XRP) Likely To Trigger The Final Bull Run Before The Next Correction

Ripple (XRP) seems to be in a better position than most cryptocurrencies to trigger the next bull run. The 4H chart for XRP/USD shows that the price is ready to shoot out of the symmetrical triangle anytime now. We expect this breakout to happen before the end of the week which could see Ripple (XRP) shoot up towards $0.50 in no time. This breakout is likely to lift up the rest of the altcoin market with it. The market opened in the green today after days of sideways trading. This could mean that we might see a continuation of bullish...

Read More

Litecoin (LTC) Holds Steady Above 21 Day EMA, Price Expected To Rally Ahead

Litecoin (LTC) holds steady above the 21 day exponential moving average as the price prepares to rally towards the top of the ascending channel that it is trading in. The daily trading conditions are very favorable for such a rally. We expect LTC/USD to rally towards the top of the channel in the days ahead which will lead to the 50 Day MA and 200 Day MA drawing even closer. If the price continues to rally, we might expect to see the golden cross which would be a very bullish development that could see Litecoin (LTC) shoot towards $100 before...

Read More

Bitcoin (BTC) Finally Ready For A Rally Past $4,000 As Bulls Step Up

Bitcoin (BTC) bulls have finally stepped up to give the market direction. Until recently, both the bulls and bears were confused as to who is really in control. The bears expect the price to come down but they expect a rally past $4,000 first. As for the bulls, the majority is confident that BTC/USD has already bottomed and the price is only going to rise from current levels. The daily chart for BTCUSDShorts shows that the number of margined shorts has once again declined to a critical support. If this support is broken, it is likely that the next support...

Read More