BINANCE COIN Price Prediction: Long-term (BNB) Value Forecast – June 9

Binance Coin Price Raises But the BNB Token Finds Selling Pressure Above $19 USD
  • The bears are in the dominance of the long-term outlook of the cryptocurrency.
  • Traders may look to sell at price exhaustion area with bearish candlestick.

BNB/USD Long-term Trend: Bearish

Supply zone: $50.00, $70.00, 90.00
Demand zone: $10.00, $8.00, $6.00

BNBUSD is in a bearish trend in the long-term outlook. The close of the daily candle on 2nd June as a doji nullify the bulls’ journey to the upperline of the channel. Hence the return of the bears with a large bearish candle at $50.00. BNB dropped initially to $29.61 breaking the 10-EMA a support area and later to $28.06 in the demand area on 4th June.


The week saw brief bulls return with the cryptocurrency price up at $32.84 in the supply. This should be seen as a market correction and a confirmation of the bearish continuation.

The new week is starting bearish with price break down at the trendline and a drop in price to $50.00 in the demand area. A close below the line will open the support at 50-EMA for a retest i.e $27.55 with $20,00 in the demand area as the second bears’ target.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez M

Recent Bullish Trends Helps Litecoin (LTC) Get All-time High Hashrates, Something Bitcoin (BTC) Has Not Shown Yet

Recent Bullish Trends Helps Litecoin (LTC) Get All-time High Hashrates, Something Bitcoin (BTC) Has Not Shown Yet
  • Litecoin (LTC) price has surged as a result of an increase in Bitcoin (BTC) price.
  • The overall crypto market has added billions of dollars in what appears to be a recovery from the extended bear market which lasted throughout 2018.

Litecoin Price Surges, As Crypto Market Recovers

In a recent update by the team at Litecoin, it has been revealed that the recent bull market has not only helped the likes of Bitcoin (BTC), but also Litecoin (LTC) – adding that the positive trends have led the peer-to-peer based digital asset witness increases in hashrates. This was not found with the former, as BTC was left fighting a battle of breaking its resistance levels with fluctuations.

The team believe that the surge is associated with the rumored, L5 Bitmain ASIC Scrypt, which was discussed on in The LitecoinTalk forums hosted by ‘nehgekim’. The user seems to have disclosed that Bitdeer paired with Bitmain and Ant-miner in an attempt to get the L5 listed so that it can be rented out.

While the idea of being able to rent out L5 has now been “removed,” the arguments made by ‘nehgekim’ then was backed by the following evidence:

“The mining contracts I have purchased from Bitdeer that use the L5 have performed better than expected thanks to the lift in LTC prices. Sub 5c electric is available but even there, the price of LTC totally needs to trend up for all this to keep being worth anything.”

Mining Rewards to Be Halved from 25 LTC to 12.5 LTC

This trend in hashrates has been reported to potentially decrease, as an LTC halving event is just around the corner. In particular, it was shared that:

“Mining rewards are set to halve for the second time in Litecoin’s history from L25 to L12.5, which will have a profound impact on the mining space. Logically, it should result in a halving of the hashrate along with it,” adding that recovery is possible depending on the L5’s performance.

Notably, the latest hashrate experienced a 20 TH/s jump from its initial 359.44 TH/s in April 2019.

Another Litecoin.com quote was referenced, which indicated that while the hashrate seems to be correlated with LTC’s ‘price movement’, “It can react quicker to a down turn in price as it’s just a matter of switching them off once they become unprofitable,” emphasizing on the coin’s “mining difficulty”.

At the time of writing, LTC takes the position as the fourth largest crypto on CoinMarketCap, with its token currently priced at USD$117.74, with a market cap of roughly USD$7.3 billion and volume of $4.3 billion.

Latest Litecoin (LTC) News and Market Updates

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Nirmala Velupillai

Africa’s Financial Revolution Will Be Led By Blockchain Technology

Blockchain Chain
  • Blockchain technology has the potential to streamline most types of business processes.
  • Africa is one of the fastest growing economic regions of the world, and it is expected that blockchain tech will increasingly be adopted by businesses operating on the continent.

Africa to Increasingly Adopt Blockchain Tech

Blockchain is associated with greater transparency, enhanced security, improved traceability, increased efficiency and speed of transactions, and reduced costs. These are the exact factors required in Africa for their financial innovation.

African states are prepared to commit to change, there are investors who want to invest in businesses with a purpose, former technological developments have provided a platform for companies using blockchain to grow and there is a financing structure that will develop and scale SMEs employing blockchain.

Kenya’s Residents Need Access to Modern Financial Services

Kenya is already a hotbed of innovation in Africa. In terms of connectivity and other infrastructure, as well as other factors, such as a high literacy rate, Kenya is well-developed and a natural place to start. The country has already benefited from the adoption of M-PESA, the mobile money services, which was key to solving the problem of someone, say me, needing to send money to my grandmother in the village.

Effective Identity Management Solutions Needed

The areas of immediate focus for us are micro-lending, providing access to credit and energy distribution, particularly smart grids or green energy. The good news is that businesses that want to make a true social impact, such as providing more access to energy or access to loans and credit, are the ones gaining traction. Simultaneously, they are attracting investment and launching quickly.

Identity management and land titling is long standing problems in Africa. Blockchain is the perfect tool to solve these problems. But to solve these problems, we will need governments and the private sector to work together, which will take time.

From enabling micropayment systems to digital identity management to smart contracts, blockchain-based solutions can leapfrog traditional or nonexistent technology infrastructures in African nations and drive a new era of more comprehensive growth.

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Author: BEG News Desk

Ravencoin Prediction: Long-term (RVNUSD) Value Forecast- June 8

Ravencoin Price Prediction: RVN Value Forecast - BitcoinExchangeGuide

RVNUSD Long-term Trend: Bullish

• Supply zones: $0.08, $0.085, $0.09
• Demand zones:$0.055, $0.05, $0.045

Ravencoin is in an uptrend in its long-term outlook. The impulsive move by the bears at the demand $0.05 on the June 6 was corrected yesterday, by the bulls, with the formation of a bullish candle at the supply level $0.08 and $0.085 as the high and close of the day respectively. This indicates the gradual returns by the bulls into the crypto market.


The momentum in price continues in an uptrend as the cryptocurrency journeys up north around $0.08 in the supply area.

Now, price of $0.07 at 38.2 fib area, which is a trend continuation area suggests the momentum in the price of the cryptocurrency might continue in an uptrend. An indication that buyers are gradually returning to the market.

Price is above the exponential moving average 4 in the upper supply area. This is an indication of an increase in the price of the market and the bulls are in the dominance of RVN.

The stochastic oscillator is pointing upwards at above the level 50% – which suggests the momentum in price is in an uptrend.

The supply level of $0.08 may be retested by the bulls in the future.

write an article on Ravencoin (RVN)

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez M

NEO Price Prediction: Long-term (NEO) Value Forecast – June 8

  • The long-term outlook is in a bearish trend.
  • Responsible selling may be considered at the key areas with bearish reversal candles.

NEO/USD Long-term Trend: Bearish

Supply zone: $15.00, $20.00, $25.00
Demand zone: $2.00, $1.00, $0.50

NEO is in the downtrend in its long-term outlook. The rejection of upward price movement at $10.32 in the supply area results in bears taking control of the market. Moreover, the area was once tested on 4th April. This created a double top formation that favours the bears continued dominance in the long-term

The large bearish candle on 3rd June at $14.34 drops the cryptocurrency initially to $10.32 in the demand area, and further down to $11.00.

The structure of the cryptocurrency is a capital M. This suggests bear pressure on price may get stronger as the new trading week commences with $9.00 in the demand area as a possible target.

Price is below the 10EMA with the stochastic oscillator signal undefined at 20%. The formation of more candle below the 10EMA may signal the change in the signal of the stochastic oscillator as the bears’ pressure becomes stronger in the days ahead.

The views and opinion as expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez M

Lisk Price Prediction: Long-term (LSK) Value Forecast – June 8

  • The $2.200 overhead resistance forms the upper price range,
  • More buyers than sellers are needed at the upper price level.

LSK/BTC Long-term Trend: Bearish

  • Resistance levels: $2.2000, $2.4000, $2.6000
  • Support levels: $1.8000, $1.6000, $1.4000

The LSK/USD pair is in the sideways trend zone. The price of LSK is trading between the levels of $1.600 and $2.200. The 12-day EMA and the 26-day EMA are sloping horizontally. After a range bound move in the month of February and March; the LSK price was making a series of higher highs and higher lows in the month of April. On April 5, the LSK market reached a high of $2.200 overhead resistance level.

The $2.200 overhead resistance forms the upper price range. Meanwhile, the $1.600 support level was the previous resistance of December 20. From the price action, the moving averages are trending horizontally characterized small body candlesticks like Doji and spinning tops.These candlesticks described the indecision of buyers and sellers at the current market.

The candlesticks are in choppy price action. The resistance and support levels are not evenly apart. More buyers than sellers are needed at the upper price level. The stochastic is in the oversold region but above the 20% range which indicates that the price of Lisk is in a bullish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez M

CARDANO Price Prediction: Long-term (ADA) Value Forecast – June 8

ADA Price Analysis: The 7 Cents Mark is Crucial for Cardano’s Market Cap
  • The bears are currently in control of the market within the range.
  • Traders may consider selling with bearish candle reversal pattern as confirmation as consolidation persist.

ADA/USD Long-term Trend –Ranging

Supply zone: $0.1200, $0.1400, $0.1600
Demand zone: $0.0500, $0.03000, $0.01000

ADA remains in a range-bound market in its long-term outlook. The bullish momentum that started the week led to a breakout at the upper supply area twice, on 2nd and 3rd June. ADAUSD rose to $0.09913 in the supply area but closed with wicks an indication of bullish exhaustion.

The large engulfing bearish candle at $0.09649 returned the cryptocurrency back in the range as price fell to $0.08522 in the demand area. Increased bearish momentum pushed price further down to $0.07686 as the obvious low of the week.

The journey down to the lower demand area of the range may be sustained in the days ahead with price below the10-EMA and the stochastic oscillator signal pointing down at 36% suggesting downward momentum in price in the long-term.

ADA is ranging and trading between $0.09500 in the upper supply area and at $0.065000 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.

The views and opinion as expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez M

Blockchain for Corporations and Governmental Agencies: Waves’ Vostok Mainnet Launches

  • The latest Vostok project by Waves’ development team is aimed at making blockchain technology more accessible to a wide range of users.
  • Government agencies and businesses will be able to leverage the benefits provided by this new platform.

The Waves Platform announced the successful mainnet launch of the Vostok project on the 6th of June. The launch signifies the birth of a blockchain service aimed at providing blockchain solutions for both public agencies and large corporations. The goal is to provide such organizations with scalable digital infrastructure.

What is Vostok?

The Vostok project which exists within the Waves ecosystem was first mentioned by Alexander Ivanov, the founder, and CEO of the Waves on the second anniversary of the blockchain platform. Roughly a year later, the Waves team of experienced developers and business experts has delivered the blockchain solutions project tailored to suit governmental agencies and large corporations.

According to the announcement, the Vostok project is a part of the founder’s “broader work of making blockchain accessible to every individual or organization interested in its profitable use.”

In other words, this is Waves delivering yet another useful blockchain tool for users.

Users Will Be Able to Make Transactions Using New Vostok Token (VST)

It was added that Vostok was also created to meet “the growing demand from large enterprises and state institutions that would like to adopt Distributed Ledger-based solutions.” Vostok is well suited for organizations that need distributed ledger solutions but do not wish to build them on their own.

The newly launched network comes with a token known as the Vostok token (VST). Users will be able to make transactions as well as create smart contracts on the network using the Vostok client.

There are three different ways through which users can participate on the Vostok network. First, users can integrate into Vostok’s public infrastructure. This requires administrator permission and can be done using the Vostok mainnet. Users can also build an independent blockchain infrastructure with assistance from the Vostok integrator at a cost. Finally, users who wish to improve the reliability of their independent networks can create a hybrid blockchain ecosystem.

Patronage of Vostok So Far

It was reported that the Vostok project has already attracted the interest of various stakeholders. Partnerships with institutions such as Rostec (Russian state corporation focused on the production of arms), Sberbank, Transmash Holding (railway machine manufacturers) and Vneshekonombank (Russian owned development bank) have already been secured.

Information from the official blog of the Waves platform also revealed that there were collaborations with housing company DOM.RF and the Nizhny Novgorod government prior to the official launch of the Vostok mainnet.

The Waves team was excited to present their new enterprise-ready blockchain solution to the general public. The mainnet launch is expected to allow government agencies and large corporations to take advantage of the service to meet their blockchain technology needs.

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Author: Omar Faridi

MONERO Price Prediction: Long-term (XMR) Value Forecast – June 8

Monero Schedules XMR Protocol Upgrade for October 18 in v0.13 Hard Fork
  • The bears are in control of the market in the long-term outlook.
  • Responsible selling may be considered.

XMR/USD Long-term Trend: Bearish

Supply zone: $140.00, $180.00, $220.00
Demand zone: $40.00, $20.00, $10.00

XMR is in a bearish trend in its long-term outlook. The bulls failed to retest the high attained on 30th May at $98.98 in the supply area due to weakened pressure. This led to a loss in momentum with $80.81 as the high of the week.

The bears gradually returned with a large bearish candle on 3rd June dropping the cryptocurrency to $88.62 in the demand area. The support at the 10-EMA was broken.

The cryptocurrency further drops to $81.20 on 4th June with another large bearish candle.
The correction by the bull currently happening is necessary as price rose to $89.81 in the supply area. This creates the bearish flag.


The bears’ return is imminent this will be signaled with the break of the lower line of the ascending channel.

$80.60 in the demand area is the initial target while a breakdown of price at the 50-EMA will put $72.00 on the card in the long-term.

The views and opinion as expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez M

Ripple’s David Schwartz Attacks Bitcoin And Defends XRP From Negative Comments

Ripple's David Schwartz Attacks Bitcoin And Defends XRP From Negative Comments
  • Ripple’s Chief Cryptographer, David Schwartz defends XRP from attacks from Bitcoin users.
  • XRP could be affected by the growth of new permissioned networks and blockchains.

Schwartz Answers Back To Max Keiser

David Schwartz, the Chief Technology Officer (CTO) of Ripple, has defended XRP from negative comments that it receives from the community. In a recent article released by Yahoo, the author quoted the Bitcoin supporter Max Keiser saying that XRP should be worried about the upcoming launch of Facebook’s GlobalCoin.

There are several Bitcoin (BTC) enthusiasts that believe that XRP is the digital currency used by banks and that it does not follow the ethos of the crypto space. Max Keiser wrote on Twitter that Facebook’s stablecoin is going to harm other digital currencies such as XRP, among other altcoins.

Is Ripple A Permissioned System?

About it, Schwartz said that he likes to see opinions about XRP that do not show any evidence of understanding how XRP works. He said that this is just how Bitcoin “minimalist thinking” works.

Schwartz has also talked with other individuals on the popular social media network, including the Twitter user Noryn Syra. The crypto enthusiast wanted Schwartz to admit that Ripple was a permissioned system such as the one that other companies have.

Ripple is currently working in order to provide services to different financial companies, including banks. The goal is to offer them cheaper and fast cross-border payments in a compliant way. At the moment, they have signed partnerships with a large number of companies from all over the world.

There are some companies like Facebook that have a large user base and that are working with blockchain technology. Indeed, Facebook wants to launch a digital currency called GlobalCoin that is expected to help users make cheap cross-border payments and other payments. If that initiative expands, Ripple could be damaged.

Currently, XRP is the third largest virtual currency after Ethereum (ETH) and Bitcoin (BTC). At the time of writing, XRP has a price of $0.42 and a market capitalization of $17.72 billion.

Latest Ripple News and XRP Market Updates

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Carl T