Cryptocurrency Analyst Says XRP Is Gearing Up For A 170% Move

  • Altcoins following the past trend, the first quarter is the best quarter for altcoins
  • Trader and analyst Crypto Michaël is going long on XRP
  • The downtrend in the USD market broken, XRP chart resembling the Jan. 2016 one

On January 14, Bitcoin price surged 10% and altcoins followed behind with a much harder rally.

“When Bitcoin goes up, our customers usually start buying altcoins as they tend to follow the leader,” said Steve Ehrlich, chief executive officer of crypto-asset broker Voyager Digital.

The third-largest cryptocurrency XRP also surged 14%, going as high as $0.24 but is back to now $0.225, down 4.43% in the past 24 hours.

However, it might not be the time to get dragged down but to fly.

According to the trader and technical analyst, Crypto Michaël, XRP can see a move as high as 170%. The trader is planning to long the XRP chart from here.

He points out how Zcash (ZEC) made its first HL in a long time and then moved 100%. ZEC is up 73% YTD. Similarly, VeChain Thor (VET) moved about 200% after making a slight HL in a while and breaking a long downtrend.

Just like in the last four years, when the first quarter of the year was the best quarter for the altcoins, cryptocurrencies have started breaking out this month.

As Dash, Ethereum Classic, and ZEC broke the long term downtrend, Ethereum and XRP are now facing similar movements.

XRP and Stellar Lumens (XLM) however, Crypto Michaël, says “don’t move in a natural way, they usually push hard before it goes.”

In the USD market, the downtrend is already broken and it looks to be January 2016 in the XRP market. As such, the trader thinks we are going to break to the upside. The analyst concluded,

“Losing the green area around 2500 is a no-go and that would mean new lower lows. However, breaking the downtrend after this compression and the targets are; 3750-3800, 4400-4450 & 6700-6800 for a move of around 170%.”

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Author: AnTy

Bitcoin Prices Expected to Drop to As Low As $4,500 According to Market Analysts

Lately, Bitcoin (BTC) has assumed a consistent bearish market trend, and analysts are skeptical of a recovery any time soon. Many of the renowned market analysts opine that the BTC price will continue dropping even lower or trade at $5,500 for months before recovery. Peter Brandt wrote on his Twitter on November 21 that his target for bitcoin is a $5,500 floor after the price went below the $6,850 support level on that day.

Many investors may be expecting a market reversal, but the bearish trend may last longer than expected. The crypto industry should be ready for a surprise as Tone Vays, an investor, believe the BTC price may get to as low as $4,500.

The current market trend has led to market volatility due to short term bullish that may suggest a reversal. The price has been dropping from one support level to the next in the past weeks. BTC traded at highs of $13,000 from where the price began dropping. In July, it traded below $9,500 and recently went below the $8,200 support level and has been dropping ever since. The market is expected to maintain at an average between $6,900 and $8,200 because the next lower support level is quite far and might take till January to reach there.

According to a recent report by Cointelegraph, Stock-to-Flow model predicts that BTC/USD will trade at an average of $8,300 till May 2020. From May next year, the market is expected to take a bullish trend, which is attributed to the Block Reward Halving event. The effects of the event on Bitcoin price are evident seven months before it actually happens. This event will trigger Bitcoin prices upward and might lead to the recovery of significant highs.

This week alone, BTC has dipped over 15%, and according to Willy Woo, an analyst, this is a sign that the markets are destined to move forward. Woo predicts more volatility due to low lows and low highs, which are considered bearish. He also doesn’t expect the price to get to past halvenings.

Investors should, however, expect a short-term reversal as the price tries to get back to the $8,200 resistance level. So far, bulls have only been achieved through short time frames of an hour or less, and traders are afraid of buying. If the $7,400 level is not breached soon, then bulls will be disappointed by more downward pressure.

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Author: Denis Miriti

Dark Market Hackers Are Selling $800 In Bitcoin For $10k Cash To Help Launder Money: Armor Research

Security experts and researchers have recently identified an ongoing trend of illicit and lucrative transactions involving BTC to cash transactions. The security experts provided a glimpse into what is taking place in the dark web after analyzing dozens of transactions posted and executed in various forums and marketplaces.

The financial scammers are alleged to be selling bitcoin for between ten and twelve cents on the dollar for any willing buyer who is ready to provide a prepaid Bitcoin fee. This is according to Armor’s Threat Resistance Unit report for the third quarter of 2019 which focused on black market crypto transactions.

Evading Risks

The scheme being conducted by the cybercriminals has seen some of the money launderers providing buyers with bundles of cash. Normally, the amount ranges from $2,500 to $10,000. This is in exchange for a ten to twelve percent fee payable via Bitcoin.

When the buyer sends the cryptocurrency, they are requested to send the details of the Western Union, PayPal, or bank account where the money will be sent.

In essence, this type of transaction is simple in that it provides the crypto buyer with a sky-high return on the illicit purchases that they have made. This, in addition, helps do away with the need to use a money mule or the risk that may come with accessing an account that is already compromised.

According to the report, money mules are the people who transfer funds from compromised accounts in exchange for a transaction fee that ranges between ten to twelve percent of their actual value.

The actors in such transactions tend to open expensive business accounts in a bid to ensure that they will not trigger any fraud alerts that may arise after transacting in large money volumes. The accounts are also useful in guaranteeing that the actors will not draw any unwanted attention.

Outstandingly, this particular scheme is meant to benefit the people who are selling the stolen funds. This is because they do not get to take possession of the funds in question, but instead, only deal in their transfer. What this means is that the person who buys the funds will carry all the risks.

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Author: Daniel W

International Data Corporation Details How Companies Will Spend $16 Billion On Blockchain By 2023

The blockchain technology might not be a panacea that will fix all problems, but it is a strong trend in several industries. A new report made by the International Data Corporation (IDC) affirmed blockchain spending is set to reach $16 billion USD by 2023. The yearly growth in spending will be around 60%.

This new study shows data from several perspectives. It divides it by region, industries, use cases and other perspectives. The banking industry is expected to be the sector that will invest the most in the technology, being responsible for 30% of all the spending. 20% is said to come from the manufacturing industry, which is also using the blockchain a lot.

When the spending is related to the development of technology, not only its implementation, then the tech sector is obviously the sector that spends the most. 70% of all global spending is set to come from this sector.

The United States is the market that will spend the most, $1.1 billion USD, followed by Western Europe with $661 million and China with $304 million. It should be noted that the cost of labor in China is considerably lower than in the U. S., so the country is investing a lot, despite spending only a fourth of the largest economy of the world will spend.

James Wester, the blockchain strategies director of the IDC, has affirmed that companies are looking for innovation despite the uncertainty on the sector and that the blockchain is being widely adopted around the world.

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Author: Gabriel Machado

MIOTA Price Prediction Today: Daily (IOTA) Value Forecast – July 29

IOTA Foundation Officially Launches International IOTA Academy, Here’s What You Need to Know
  • On July 16, the downward trend was corrected at the $0.2500 support level.
  • On the upside, if the bulls break above the EMAs, the crypto’s price will rise and test the $0.5000 resistance level.

IOTA/USD Medium-term Trend: Ranging

  • Resistance Levels: $0.50, $0.55, $0.60
  • Support Levels: $0.40, $0.35, $0.30

Last week the price of IOTA was in a range bound move below the 12-day EMA and the 26-day EMA. The bulls had earlier been resisted by the 12-day EMA after a downward correction. In retrospect, the coin had been in a range-bound move since on May 15. The IOTA price had been characterized by small body candlesticks like Doji and Spinning tops.

These candlesticks described the indecision between the buyers and sellers at the current market price. The price will continue to range below the EMAs as long as the small body candlestick dominate the chart. On June 27, the bears broke out of the range-bound move and were on a downward fall. On July 16, the downward trend was corrected at the $0.2500 support level.

On the upside, if the bulls break above the EMAs, the crypto’s price will rise and test the $0.5000 resistance level. On the other hand, if the bulls fail to break above the EMAs, the coin will continue its range bound move below the EMAs. Meanwhile, the IOTA market is at the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bullish momentum and a buy signal.

IOTA/USD Short-term Trend: Ranging

On the 1-hour chart, the price of IOTA is in a sideways trend zone The 12-day EMA and the 26-day EMA are sloping horizontally. On July 27, the crypto’s price fell to the low of $0.28000 and resumed a range-bound move above it. Nevertheless, the IOTA price is in the oversold region of the daily stochastic but above the 40% range. This indicates that price 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.

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Author: Azeez Mustapha

DECRED Price Prediction Today: Daily (DCR) Value Forecast – July 25

Empowering-Investors-Decred-Opens-Its-21-Million-Crypto-Treasury
  • The short and medium-term outlook is in a downtrend.
  • $26.00 remained a target for the bears.

Supply zone: $30.00, $32.00, $34.00
Demand zone: $15.00, $14.0, $13.00

DCRUSD continues in a bearish trend in the medium-term outlook. The bears lost momentum at $26.32 in the demand area on 24th July few pips short of $26.00 target predicted. The bulls gradually stage a returned that pushed the coin up at $28.26 in the supply area as today session opened on a bullish note.

The lack of momentum for upward continuation led to a drop in price with the bears taking control of the market.

DCRUSD fell initially to $27.05 and later to $26.64 in the demand area. The downward movement may continue to $26.00 in the demand area as confirmed by the signal stochastic oscillator pointing down at 32% suggesting downward continuation in the medium-term.

DCR/USD Short-term Trend: Bearish

The trendline was resistance against upward price movement as price rose to $28.19 in the supply area shortly after opening. A bounce to the downside expectedly occurred with a drop to $26.64 in the demand area.

A correction is ongoing with a rally to the trendline as indicated by the signal of the stochastic oscillator pointing up at 32% before the bears returned for continuation in the short-term.

$26.00 in the demand area is the bears’ target in the demand area in the short-term.

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 Mustapha

Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 25

BTC/USD Medium-term Trend: Ranging
Resistance Levels: $10,000, $10, 200 ¸ $10,400
Support levels: $9,000, $8,800, $8, 600
Yesterday, July 23, the price of Bitcoin was falling after the resistance at the 12-day EMA and the 26-day EMA. On the downside, if the bearish pressure continues, the price may reach a low of $9,000 or $9,400 price level. Nevertheless, the price of Bitcoin will further depreciate, if the bears test the $9,000 price level and break it. Meanwhile, the crypto’s price is below the EMAs which indicates that price is likely to fall. From the chart, the 12-day EMA and the 26-day EMA are horizontally flat like a single line. This indicates that the BTC price will be in a range-bound move. The coin will fall either to the low of $9,000 or $ 9.400, then fluctuates below the EMAs but the $9,400 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.
BTC/USD Short-term Trend: Bearish
On the 1-hour chart, the BTC price is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping smoothly southward. The crypto’s price is below the EMAs as the price fall to the previous low. The BTC price is trading at $9,637 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates is a sell signal.

[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 Mustapha

Litecoin Price Prediction Today: Daily (LTC) Value Forecast – July 23

Litecoin-Foundation-Ready-to-Educate-Millions-about-LTC-with-Two-New-Partnerships
  • On the downside, if the bearish trend continues, the market will fall to the previous low of $80 price level.
  • On the upside, if the price breaks the EMAs, the crypto’s price will rise and retest the $140 overhead resistance level.

LTC/USD Medium-term Trend: Ranging

  • Resistance Levels: $100, $110, $120
  • Support levels: $80, $70, $80

Yesterday, July 22, the price of Litecoin was in a range bound move below the 12-day EMA and the 26-day EMA. In other words, the bulls fail to break above the $100 price level as the price fell to the low of $90 . On the downside, if the bearish trend continues, the market will fall to the previous low of $80 price level.

On the other hand, if the LTC price holds above the $90 price level, the crypto’s price will retest the EMAs to break it. On the upside, if the price breaks the EMAs, the crypto’s price will rise and retest the $140 overhead resistance level. However, the bulls are likely to face resistance at the $120 price level. Nevertheless, if the bulls failed to break above the EMAs, the crypto will continue to range below the EMAs. The MACD line and the signal line are below the zero line which indicates a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the LTC price is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping southwardly. From the chart, the bulls failed to break the $104 price level and the market fell to the low of $90 price level. The $90 support level is holding as the bulls make an upward move above the EMAs. The MACD line and the signal line are below the zero line which indicates a sell signal.

Litecoin’s price is $93.08 LTC/USD exchange rate today. The real-time LTC market cap of $5.84 Billion currently ranks #4 with , daily trading volume of $680.61 Million and live coin value change of LTC -2.20 in the last 24 hours.

Latest Litecoin Price Analysis, Chart Forecasts and Blockchain News

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

Bitcoin Cash Price Prediction Today: Daily (BCH) Value Forecast – July 22

BCH /USD Medium-term Trend: Ranging
Resistance Levels: $480, $500, $520
Support Levels: $300, $290, $280
Yesterday, July 16, the price of Bitcoin Cash was in a range bound move below the 12-day EMA and the 26-day EMA. The BCH had been on a downward correction.
On June 27, the bulls were resisted at the $480 price level. The first downward correction was below the EMAs but above the $400 price level on June 27. The coin continues its range-bound move below the EMAs and above the $400 price level until they were resisted on July 10. The crypto’s price fell to the support of $280 price level and commenced a range bound move below the EMAs. After the range-bound move, the crypto’s price is likely to depreciate or break above the EMAs.
Meanwhile, the BCH market is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bullish momentum and buy signal.
BCH/USD Short-term Trend: Bullish
On the 1-hour chart, the price of BCH is in a bullish trend. The 12-day EMA and the 26-day EMA are sloping southwardly indicating that price is falling. The crypto’s price fell to the $270 support level and commenced a bullish move above the EMAs.
Meanwhile, the BCH market is in the overbought region of the daily stochastic but above the 80% range. This indicates that price is in a bullish momentum and 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 Mustapha

DASH Price Prediction Today: Daily (DASH) Value Forecast – July 19

DASH Continues to Dance and Prance with a 'Blitzen' Performance as the Crypto Market Spikes
  • Technically, the bearish trend has been terminated as price breaks the trend line and a confirmation candlestick closes on the opposite of it.
  • On June 26, the bulls were resisted and the market fell on a downward correction to the low of $100.

DASH/USD Medium-term Trend: Bullish

  • Resistance Levels: $160, $170, $180
  • Support levels: $110, $100, $ 120

Yesterday, July 18, the price of DASH was in a bullish trend as it broke the trend line. Technically, the bearish trend has been terminated as price breaks the trend line and a confirmation candlestick closes on the opposite of it. In retrospect, On May 19, the bulls have been battling to break above the $180 overhead resistance level.Yesterday, July 18, the price of DASH was in a bullish trend as it broke the trend line. Technically, the bearish trend has been terminated as price breaks the trend line and a confirmation candlestick closes on the opposite of it.

The bulls were resisted on May 19, as the price fell to the support of the 12-day EMA and later below the EMAs. The price fell to the support of the $140 price level. At the $140 support level the bulls made another push above the EMAs. On June 26, the bulls were resisted and the market fell on a downward correction to the low of $100.

Meanwhile, the DASH market is at the oversold territory of the daily stochastic but above the 20% range. This means that price is in a bullish momentum and a buy signal.

DASH/USD Short-term Trend: Ranging

On the 1-hour chart, the DASH price is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto’s price is above the EMAs indicating the price is likely to rise .

The price of Dash is characterized by small body candlesticks which describe indecision between the buyers and the sellers at   the current market price. Nevertheless, the DASH market has reached the overbought region but above the 80% range of the daily stochastic indicator. This indicates that the DASH price 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.

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Author: Azeez Mustapha