- by Jefe Caan
- May 23, 2019
Litecoin (LTC) Might Be Days Away From A Massive Decline Below $80
Litecoin (LTC) has just tested a key support level again and is now likely to trade further within the descending triangle it has been trading in for the past two weeks. LTC/USD still has some room to trade sideways but it will have to break out of this triangle in the days ahead. If the price breaks below this triangle, it is likely to fall to the next support at $77. That support coincides with the 1.272 Fib extension level. If it fails to stop there, it will have to decline to $68.81. Either way, a fall below $80 is...
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- by Jefe Caan
- May 22, 2019
Stellar (XLM) Nosedives Below 200 Day MA, Eyes A Decline Below $0.12
Stellar Lumens (XLM) has just nosedived below the 200 day moving average and is now likely to decline all the way towards the 50 day moving average and eventually lower to test the next support. The daily chart for XLM/USD shows that the price has failed to close above the resistance at $0.147. It did paint a wick well above it but the daily candle ended up closing below that level soon afterwards. RSI on the daily time frame points to increasing risk of a sharp decline at least below the $0.12 mark and very likely below $0.10 as the...
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- by Adrian Barkley
- May 22, 2019
The Current State Of Crypto Taxes Around The World
When Bitcoin first launched in 2009, it was conceived as a borderless currency that was unaffected by the rules, regulations, and bureaucracies of central governments. It was built to be a free-standing currency, ideally suited for facilitating commerce in the digital age. Having cut out the institutional middleman, many crypto investors never considered that they would have to pay these people anyway in the form of crypto taxes. Of course, crypto taxes are a reality for investors around the world. While crypto will now play a prominent part in the future of finance, it is still connected to today’s institutions....
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- by Jefe Caan
- May 21, 2019
Ripple (XRP) Risks A Fall Below 50 Week MA After Ichimoku Cloud Rejection
Ripple (XRP) has just faced strong rejection at a critical trend line resistance next to a bearish Ichimoku cloud that the price is extremely unlikely to break past at this point. As XRP/USD goes down, it will become easier to eventually break past this cloud. So far, the price has shown no signs of a bullish continuation. We are likely to see XRP/USD decline to the bottom of the descending triangle. This might result in a break below the triangle to the next key support just below $0.15. Ripple (XRP) has avoided most of the brutal downtrends of the ongoing...
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- by Jefe Caan
- May 20, 2019
Ripple (XRP): Decline To $0.15 Likely As Price Demonstrates Extreme Weakness
Ripple (XRP) has once again demonstrated extreme weakness as the price repeatedly fails to break past a critical trend line resistance. This time, XRP/USD has faced a strong rejection at the 61.8% fib retracement level and could fall harder in the next few weeks as Bitcoin (BTC) goes down. This could mean that XRP/USD might finally drop to $0.15, a price level that is being eyed by smart money as the sweet spot for accumulation. Ripple (XRP) might have seen some negative sentiment short term but it remains the third largest cryptocurrency by market cap. This means that it will...
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