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Bitcoin (BTC): A Monthly Fall And Close Below $6,000 Could Trigger A Long Term Bear Trend

Bitcoin (BTC) is currently in a tough spot. The next few days have the potential to decide the fate of Bitcoin (BTC) for the months ahead. So far, the cryptocurrency has done well to stay above $6,000 but having breached that level once, it would not be a surprise if it did that again. However, this time around the consequences will be grave if something like that happened. If Bitcoin (BTC) falls below $6,000 and continues to stay down till the end of the month, it will mark a fall and close below $6,000. The long term trend on the...

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Lisk (LSK) Fails To Spark Investors’ Interest Ahead Of Testnet Launch

Lisk (LSK) is now down 84% since its all time high of $34.92 and the price has not found a bottom yet. Lisk (LSK) is expected to have a test net launch in two days from now, on June 28th, 2018 but has failed to spark interest of cryptocurrency investors so far. The price is yet to form a bottom and could likely settle around $4 in the next few days. The Lisk (LSK) team appears to be fully focused on the upcoming test net launch and have already posted instructions regarding migration on their Twitter handle. The migration is...

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Litecoin (LTC) Continues To Show Weakness, Pullback To Lower Levels Likely

Litecoin (LTC) is one of the very few altcoins to have broken market structure during the recent correction. This is probably because of its artificial growth last year compared to the rest of the market. Litecoin (LTC) benefited from FOMO and hype which pushed the price to an all time high of $360. This was surprising for most crypto investors considering the price shot up from $10 to $360 in such a short span. It was even more surprising when you consider that nothing much had changed fundamentally. If anything, the prospects of Litecoin (LTC) keep aggravating with each passing...

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Ethereum Classic (ETC) Might Soon End Up On The Top 10 List Of Cryptocurrencies

Ethereum Classic (ETC) entered the spotlight this month with a game changing Coinbase announcement. Since then, most investors who initially considered Ethereum Classic (ETC) to be a dead coin have taken a 180 degree turn and started buying Ethereum Classic (ETC). Most of these investors are former Litecoin (LTC) and Ripple (XRP) investors who did not initially think much of this project. Some of them even thought Ethereum Classic (ETC) was a fork of Ethereum (ETH). This is to expected in a hype driven market like this when projects that look good on the outside end up having a higher...

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Has Bitcoin (BTC) Reached Rock Bottom Yet?

Bitcoin (BTC) took a trip to hell and apparently made it back last night when a fall below $6,000 took many by surprise. Fortunately, Bitcoin (BTC) formed a doji just above the support line which pumped back some life into the cryptocurrency and pushed it back above $6,200. The price currently trades at $6,223 with an oversold RSI on the daily chart. Bitcoin (BTC) has also succeeded in forming a green candle right after the doji, which has convinced many market analysts that this correction might be over. This is the third time Bitcoin (BTC) has tested the $5,800 level...

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