Today's Hot Topics

Stellar (XLM) Faces Rejection At 21 Day EMA, Price Has Yet To Form Golden Cross

Stellar Lumens (XLM) has just faced a strong resistance at the 21 day exponential moving average. While this means that the price is exhibiting some weakness short term, it is still likely that we will see a golden cross on XLM/USD come to fruition. That being said, XLM/USD has now formed three lower highs and two lower lows since the beginning of last month. The RSI and Stochastic indicators show that there is plenty of room for a rally to the upside. Stellar (XLM) has recently made a lot of independent moves and is now also listed on Coinbase. Interest...

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Crypto Crime Still on the Rise Suggest Q1 Report

Throughout the first quarter of 2019, losses from the theft of cryptocurrencies from exchanges and fraud-related activities, unfortunately, saw a massive surge to $1.2 billion. This surmounts to seventy percent of the level for the whole of 2018. This data comes from the CipherTrace cybersecurity firm who revealed the numbers earlier this week on Tuesday. The value of losses from crime in the crypto space in 2018 reached $1.7 billion. However, cryptocurrency crime has gone up massively as the market has slowed down with the prices plummeting at the end of 2018. The theft of cryptocurrencies summed up to a...

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Ripple (XRP) Climbs Back Above Trend Line Resistance To Retest 50 DMA

Ripple (XRP) had declined below a critical trend line support. The price tested this support as resistance but struggled to break past it for days. Now, the price is finally above it and is testing the 50 day moving average. RSI and stochastic indicators on the daily chart show that there is ample room for a retest of the trend line resistance. XRP/USD might have some hope of breaking above this trend line support finally and the long symmetrical triangle that extends back more than a year could finally be broken to the upside. However, just like the breakout to...

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Litecoin (LTC) Closes Below 50 MA, Risks A Fall To $50 In The Weeks Ahead

Litecoin (LTC) closed below its 50 day moving average and the price is now eyeing further downside amid short term oversold conditions. We saw LTC/USD rally hard after the 50 day moving average crossed over the 200 day moving average to form a golden cross. Most cryptocurrencies were unable to capitalize on that but Litecoin (LTC) had a good run fueled predominantly by the halvening hype. Litecoin (LTC) is due for its next halvening in August that would see its mining rewards split in half which means it will cost twice as much to mine one Litecoin (LTC). This should...

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Ripple (XRP) Struggles To Break Past Support Turned Resistance

Ripple (XRP) has declined significantly below a strong trend line support and is now struggling to break above it. The price has already tested this trend line as resistance. RSI on the daily time frame shows room for a rally in the near future but there is not much hope left as Ripple (XRP) has failed on multiple fronts. First of all, it failed to form the golden cross that Bitcoin (BTC), Ethereum (ETH) and a lot of other cryptocurrencies did. Second of all, the price has declined way below the 50 day moving average. Not many cryptocurrencies are in...

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