Litecoins 2020 rally has begun to reach a fever pitch as the crypto shows signs of entering yet another upwards leg that allows LTC to set fresh year-to-date highs.

Litecoins rally over the past several weeks has allowed it to put significant distance between its recent lows of $50 and its current price of just over $70.

This upwards momentum may just be getting started, however, as analysts are noting that the crypto is showing signs that it is currently in the early stages of its next parabolic rally.

At the time of writing, Litecoin is trading up over 5% at its current price of $71, which marks a notable climb from its daily lows of under $69 that were set in tandem with Bitcoins drop to lows of $9,200.

Although Litecoin has been generally tracking the trends seen by BTC and the aggregated crypto markets, it has been outperforming them, which is elucidated by the fact that it is currently trading up 4.6% against its Bitcoin trading pair.

Todays climb was important for LTC bulls, as it invalidated a potentially bearish tweezer top that the crypto has formed yesterday.

Big Cheds, a popular crypto analyst on Twitter, spoke about bulls ability to thwart this bearish pattern today, explaining that the formation will be invalidated if it closes above $69.89.

Litecoin daily Bulls charging forward, invalidating yesterdays tweezer top with a potential close above $69.89, he noted.

One interesting observation that should be noted is the fact that Litecoin is currently in the process of forming an incredibly similar bottom formation to the one seen in late-2019, which was followed by a parabolic rally from roughly 0.007 BTC to nearly 0.02 BTC.

This 185% rally could soon be replicated by the crypto based on the fact that it is currently expressing a bottom formation incredibly similar to that seen before this previous parabolic rally.

Hsaka, a popular crypto analyst on Twitter, spoke about this in a recent tweet while referencing the pattern seen on the chart below.

While considering the historical bullishness of LTCs recent technical formation, it does appear to be increasingly likely that the crypto soon incurs a notable uptrend that potentially allows it to post massive gains against its USD trading pair.

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Litecoin is About to See Exponential Gains Because of This Pattern - newsBTC

Litecoin

Litecoin fell by 1.65% on Wednesday. Partially reversing a 3.68% gain from Tuesday, Litecoin ended the day at $59.62.

A bullish start to the day saw Litecoin rally to an early morning intraday high $62.40 before hitting reverse.

Litecoin broke through 23.6% FIB of $62 and the first major resistance level at $60.32 before sliding to a late afternoon intraday low $59.32.

In spite of the pullback, Litecoin steered clear of the first major support level at $58.05.

Late in the day, Litecoin broke back through to $60 levels before a final hour slide back to sub-$60.

At the time of writing, Litecoin was down by 1.33% to $58.83. A bearish start to the day saw Litecoin fall from an early morning high $59.73 to a low $58.10.

Litecoin fell through the first major support level at $58.49 early on.

Litecoin would need to move back through to $60.50 levels to support a run at the first major resistance level at $61.57.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $59.73.

Barring an extended crypto rally, first major resistance level and the 23.6% FIB of $62 would likely limit any upside.

In the event of another crypto breakout, the second major resistance level at $63.53 would likely limit any upside on the day.

Failure to break back through to $60.50 levels could see Litecoin struggle throughout the day.

A fall back through the first major support level at $58.49 would bring sub-$58 levels into play.

Barring a crypto meltdown, however, Litecoin should steer clear of the second major support level at $57.37.

Major Support Level: $58.49

Major Resistance Level: $61.57

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen fell by 0.52% on Wednesday. Partially reversing a 0.78% gain from Tuesday, Stellars Lumen ended the day at $0.060581.

A bullish start to the day saw Stellars Lumen rally to a mid-morning intraday high $0.063061 before hitting reverse.

Story continues

Stellars Lumen broke through the first major resistance level at $0.06203 before sliding to a mid-afternoon intraday low $0.060088.

Steering clear of the first major support level at $0.05920, Stellars Lumen recovered to 0.06150 levels before a late pullback into the red.

At the time of writing, Stellars Lumen was down by 0.71% to $0.060153. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.060788 to a low $0.059893.

Stellars Lumen left the major support and resistance levels untested early on.

Stellars Lumen would need to move through to $0.06124 levels to support a run at the first major resistance level at $0.06240.

Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.061 levels.

Barring an extended crypto rally, the first major resistance level at $0.06240 would likely leave Stellars Lumen short of $0.063 levels.

Failure to move through to $0.06124 could see Stellars Lumen slide deeper into the red.

A fall back through to sub-$0.060 levels would bring the first major support level at $0.05943 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.059 levels.

Major Support Level: $0.05943

Major Resistance Level: $0.06240

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX slipped by 0.1% on Wednesday. Following an 8.97% surge on Tuesday, Trons TRX ended the day at $0.018619.

A bullish start to the day saw Trons TRX rally to a mid-morning intraday high $0.019799 before hitting reverse.

Trons TRX broke through the first major resistance level at $0.01937 before sliding back to a late morning intraday low $0.018561.

Steering clear of the first major support level at $0.01747, Trons TRX recovered to $0.0192 levels before a final hour slide into the red.

At the time of writing, Trons TRX was down by 2.67% to $0.018121. A bearish start to the day saw Trons TRX fall from an early morning high $0.018561 to a low $0.017748.

Steering clear of the major resistance levels, Trons TRX fell through the first major support level at $0.01819. The second major support level at $0.01776 limited the downside early on.

Trons TRX would need to break through the first major support level at $0.01819 and move through to $0.019 levels support a run at the first major resistance level at $0.01943.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.018561.

Barring a broad-based crypto rebound, resistance at $0.019 would likely limit any upside on the day.

Failure to move through to $0.019 levels could see Trons TRX struggle throughout the day.

A fall back through the second major support level at $0.01776 would bring sub-$0.017 levels into play.

Barring a crypto meltdown, however, Trons TRX should steer well clear of the third major support level at $0.01652 on the day.

Major Support Level: $0.01819

Major Resistance Level: $0.01943

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 30/01/20 - Yahoo Finance

Litecoin

Litecoin rose by 3.68% on Tuesday. Following on from a 4.19% rally on Monday, Litecoin ended the day at $60.62.

A bullish start to the day saw Litecoin rally to an early morning intraday high $61.44 before hitting reverse.

Litecoin broke through the first major resistance level at $60.05 before sliding to a late afternoon intraday low $57.17.

In spite of the pullback, Litecoin steered clear of the first major support level at $56.31. Late in the day, Litecoin broke back through the first major resistance level to wrap up the day at $60 levels.

At the time of writing, Litecoin was up by 0.28% to $60.79. A mixed start to the day saw Litecoin rise from an early morning low $60.25 to a high $62.40 before falling back.

Litecoin broke through the 23.6% FIB of $62 and the first major resistance level at $62.32 early on.

Litecoin would need to break back through 23.6% FIB to support a run at the first major resistance level at $62.32.

Support from the broader market would be needed, however, for Litecoin to break back through to $61 levels.

Barring an extended crypto rally, the 23.6% FIB and first major resistance level would likely limit any upside.

In the event of another crypto breakout, the second major resistance level at $64.01 would likely limit any upside on the day.

Failure to break back through the 23.6% FIB could see Litecoin come under pressure.

A fall back through the morning low $60.25 to sub-$60 levels would bring the first major support level at $58.05 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of Tuesdays low $57.17.

Major Support Level: $58.05

Major Resistance Level: $62.32

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 0.78% on Tuesday. Following on from a 1.87% gain on Monday, Stellars Lumen ended the day at $0.060676.

A choppy start to the day saw Stellars Lumen fall to a late morning intraday low $0.059087 before finding support.

Steering clear of the first major support level at $0.05816, Stellars Lumen rallied to an early afternoon intraday high $0.061917.

Stellars Lumen broke through the first major resistance level at $0.06112 before falling back to sub-$0.060 levels.

Finding support late on, Stellars Lumen broke back through the first major resistance level before easing back to $0.060 levels.

At the time of writing, Stellars Lumen was up by 0.80% to $0.061161. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.060802 to a high $0.061544.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to break back through the morning high $0.061544 to support a run at the first major resistance level at $0.06203.

Support from the broader market would be needed, however, for Stellars Lumen to break back through the Tuesdays high $0.061917.

Barring an extended crypto rally, the first major resistance level at $0.06203 and Tuesdays high should limit any upside.

Failure to move back through the morning high $0.061544 could see Stellars Lumen hit reverse.

A fall through to sub-$0.06060 levels would bring the first major support level at $0.05920 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.059 levels.

Major Support Level: $0.05920

Major Resistance Level: $0.06203

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX surged by 8.97% on Tuesday. Following on from a 1.09% gain on Monday, Trons TRX end the day at $0.018681.

Tracking the broader market, Trons TRX rallied from an early morning intraday low $0.017144 to an early afternoon intraday high $0.018942.

Trons TRX broke through the major resistance levels before falling back to sub-$0.018 levels.

Finding late support, Trons TRX broke back through the major resistance levels to close out the day at $0.018 levels.

At the time of writing, Trons TRX was up by 1.37% to $0.018936. A mixed start to the day saw Trons TRX fall to an early morning low $0.018573 before striking a high $0.018936.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move through Tuesdays high $0.018942 levels to support a run at the first major resistance level at $0.01937.

Support from the broader market would be needed, however, for Trons TRX to break through to $0.019 levels.

Barring an extended crypto rally, first major resistance level, and Tuesdays high would likely pin Trons TRX back.

Failure to move through to Tuesdays high could see Trons TRX hit reverse.

A fall back through the morning low $0.018573 to sub-$0.01830 levels would bring the first major support level at $0.01757 into play.

Barring a crypto meltdown, however, Trons TRX should steer well clear of the second major support level at $0.01646 on the day.

Major Support Level: $0.01757

Major Resistance Level: $0.01937

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellar's Lumen, and Tron's TRX Daily Analysis 29/01/20 - Yahoo Finance

Litecoin News Today Litecoin is one of the top cryptocurrencies in the market. After it was created, it was referred to as the silver to Bitcoins gold. However, over the last few years, the token has suffered the bearish storm against the USD. Everyone expected that the price of Litecoin LTC would increase significantly after the Litecoin halving date passed. Unfortunately, this didnt happen during the Litecoin halving in 2019.

During an interview, Charlie Lee talked about the future of Litecoin amid the competition. He said that the strongest competition for Litecoin is fiat. In his words;

Were all in it together, to be a better form of money than the US dollar or any other fiat currencies out there. And I think, cryptocurrency is a better form of money, but its going to take some time before we win that war () Consider Litecoin and Bitcoin today, the important thing is that youre able to transfer value. We fought a central party and no one can censor crypto transactions today. And thats like the key thing, right? You can send like money over the Litecoin network without requiring a central party to help you do that.

Lee talked about the competition within the cryptocurrency market and how altcoins struggle to rank above each other. According to him, ranking on CoinMarketCap isnt the only issue they should be focused on. The most important thing for the survival of the cryptocurrency industry is for people to use cryptocurrencies across the globe. He said this is the only way cryptocurrencies can reach their full potential. He said that what is important to him is Litecoins use as a store of value and medium of exchange.

When asked where he thinks Litecoin LTC will be in the next five years, he said that there is going to be a dramatic change and growth in the Litecoin Lightning Network. Things like the Mimblewimble extension block and atomic swap will change the game for the Litecoin Lightning Network.

This morning, most altcoins started gaining against Bitcoin BTC with Cardano ADA taking the lead with a 16% surge. Meanwhile, Litecoin LTC was trading at $59.63. This means that it is up by 2.41% against the USD but down by 1.25% against the price of Bitcoin. This kind of price action isnt encouraging. The trading volume over a 24 hour period is $4,035,597,164 and the market capitalization is $3,813,916,656.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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Litecoin News Today: Litecoin's Charlie Lee Talks About What The Next 5 Years Will Bring For Litecoin LTC - Smartereum

Litecoin

Litecoin rallied by 4.19% on Monday. Following on from a 5.51% breakout on Sunday, Litecoin ended the day at $58.44.

A mixed start to the day saw Litecoin rise to $57 levels before falling back to a late morning intraday low $55.83.

Steering clear of the first major support level at $53.71, Litecoin rallied to a mid-afternoon intraday high $59.53.

Litecoin broke through the first major resistance level at $57.49 and second major resistance level at $58.90 before easing back.

At the time of writing, Litecoin was up by 3.78% to $60.65. A particularly bullish start to the day saw Litecoin rally from an early morning low $58.47 to a high $60.95.

Litecoin broke through the first major resistance level at $60.05 early.

Litecoin would need to break through to $61 levels to support a run at the second major resistance level at $61.66.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $60.95.

Barring an extended crypto rally, resistance at $61 would likely limit any upside. In the event of another crypto breakout, the 23.6% FIB of $62 could come into play later in the day.

Failure to move through to $61 levels would likely see Litecoin come under pressure.

A fall back through the morning low $58.47 to sub-$58 levels would bring the first major support level at $56.31 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$56 levels on the day.

Major Support Level: $56.31

Major Resistance Level: $60.05

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 1.87% on Monday. Following on from a 4.18% rally on Sunday, Stellars Lumen ended the day at $0.059695.

Tracking the broader market, Stellars Lumen fell to a late morning intraday low $0.058045 before making a move.

Steering clear of the first major support level at $0.05662, Stellars Lumen rallied to a late afternoon intraday high $0.06100.

Stellars Lumen broke through the first major resistance level at $0.05947 and the second major resistance level at $0.05947.

A late pullback saw Stellars Lumen wrap up the day at sub-$0.060 levels.

At the time of writing, Stellars Lumen was up by 1.27% to $0.060453. A bullish start to the day saw Stellars Lumen rally from an early morning low $0.059914 to a high $0.060651.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to break back through to Mondays high $0.0610 to support a run at the first major resistance level at $0.06112.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.060651.

Barring an extended crypto rally, the first major resistance level and Mondays high $0.0610 should limit any upside.

Failure to move back through to Mondays high $0.061 could see Stellars Lumen hit reverse.

A fall through to sub-$0.05960 levels would bring the first major support level at $0.05816 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer well clear of sub-$0.058 levels.

Major Support Level: $0.05816

Major Resistance Level: $0.06112

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rose by 1.09% on Monday. Following on from a 4.32% rally on Sunday, Trons TRX ended the day at $0.017113.

A mixed start to the day saw Trons TRX rise to an early morning high 0.017065. Coming up against the first major resistance level at $0.01707, Trons TRX fell to a late morning intraday low $0.016765.

Steering clear of the first major support level at $0.01633, Trons TRX rallied to a mid-afternoon intraday high $0.017340.

Trons TRX broke back through the first major resistance level to come up against the second major resistance level at $0.01732.

In spite of easing back late in the day, Trons TRX held above the first major resistance level until the day end.

At the time of writing, Trons TRX was up by 1.81% to $0.017422. A bullish start to the day saw Trons TRX rise from an early morning low $0.017144 to a high $0.017493.

Steering clear of the major support levels, Trons TRX broke through the first major resistance level at $0.01738.

Trons TRX would need to move through to $0.01750 levels to support a run at the second major resistance level at $0.017650.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.017493.

Barring an extended crypto rally, first major resistance level, and Mondays high would likely pin Trons TRX back.

Failure to move through to $0.01750 levels could see Trons TRX hit reverse.

A fall back through the morning low $0.017144 to sub-$0.01710 levels would bring the first major support level at $0.01681 into play.

Barring a crypto meltdown, however, Trons TRX should steer clear of the second major support level at $0.01650 on the day.

Major Support Level: $0.01681

Major Resistance Level: $0.01738

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 28/01/20 - Yahoo Finance

Litecoin

Litecoin rallied by 5.51% on Sunday. Reversing a 2.04% loss from Saturday, Litecoin end the week down by 2.54% to $56.08.

A bearish start to the day saw Litecoin fall to an early morning intraday low $52.75 before making a move.

Steering clear of the first major support level at $52.17, Litecoin rallied to a late afternoon intraday high $56.53.

Litecoin broke through the first major resistance level at $54.30 and the second major resistance level at $55.38.

In spite of a late pullback, Litecoin held above the second major resistance level through to the day end.

At the time of writing, Litecoin was up by 0.95% to $56.61. A bullish start to the day saw Litecoin rise from an early morning low $56.09 to a high $57.11.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to break back through to $57 levels to support another run at the first major resistance level to $57.49 levels.

Support from the broader market would be needed, however, for Litecoin to break back through to the morning high $57.11.

Barring an extended crypto rally, the first major resistance level at $57.49 would likely limit any upside.

Failure to move through to $57 levels would likely see Litecoin hit reverse.

A fall back through the morning low $56.09 to sub-$55.10 levels would bring the first major support level at $53.71 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$55 levels on the day.

Major Support Level: $53.71

Major Resistance Level: $57.49

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rallied by 4.18% on Sunday. Reversing a 1.05% fall from Saturday, Stellars Lumen ended the week down by 2.84% to $0.058444.

A bearish start to the day saw Stellars Lumen fall to an early morning intraday low $0.055834 before finding support.

Steering clear of the first major support level at $0.05548, Stellars Lumen rallied to a late afternoon intraday high $0.058682.

Stellars Lumen broke through the first major resistance level at $0.05709 and the second major resistance level at $0.05793.

A pullback late in the day saw Stellars Lumen fall back through the second major resistance level before breaking back through to wrap up the day at $0.058 levels.

At the time of writing, Stellars Lumen was up by 0.87% to $0.058950. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.058597 to a high $0.059230.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to break back through to $0.059 levels to support a run at the first major resistance level at $0.05947.

Support from the broader market would be needed, however, for Stellars Lumen to break back through the morning high $0.059230.

Barring an extended crypto rally, the first major resistance level should limit any upside.

Failure to move back through to $0.059 levels could see Stellars Lumen give up the morning gains.

A fall through the morning low $0.058597 to sub-$0.05770 levels would bring the first major support level at $0.05662 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.057 levels

Major Support Level: $0.05662

Major Resistance Level: $0.05947

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 4.32% on Sunday. Reversing a 0.61% loss from Saturday, Trons TRX ended the week up by 1.01% to $0.016817.

Tracking the broader market, Trons TRX slipped to an early morning intraday low $0.016096 before making a move.

Steering clear of the first major support level at $0.01601, Trons TRX rallied to a late intraday high $0.016837.

Trons TRX broke through the first major resistance level at $0.01635 and the second major resistance level at $0.01653.

While easing back late in the day, Trons TRX avoided a pullback through the second major resistance level to close out the day at $0.0168 levels.

At the time of writing, Trons TRX was up by 1.34% to $0.017043. A bullish start to the day saw Trons TRX rise from an early morning low $0.016891 to a high $0.017065.

Steering clear of the major support levels, Trons TRX came up against the first major resistance level at $0.01707 early on.

Trons TRX would need to move back through the morning high $0.017065 to support a breakout from the first major support level to $0.01707.

Support from the broader market would be needed, however, for Trons TRX to break back through the morning high $0.017065.

Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the morning high $0.01765 could see Trons TRX hit reverse.

A fall back through the morning low $0.016891 to sub-$0.01658 levels would bring the first major support level at $0.01633 into play.

Barring a crypto meltdown, however, Trons TRX should steer well clear of the second major support level at $0.01584.

Major Support Level: $0.01633

Major Resistance Level: $0.01707

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 27/01/20 - Yahoo Finance

January 29, 2020 Frankfurt

MV Index Solutions (MVIS) andIntelligence Unit (IU), a global provider of quantitative research and development for digital asset investment solutions, today announced a collaboration withNomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, to jointly launch the NRI/IU Crypto-Asset Index for financial institutions.

Utilizing the crypto-asset index platforms provided by MVIS and CryptoCompare, the global leader in digital asset data, the investable index offers an investment solution for Japanese financial institutions as well as global investors.

The NRI/IU Crypto-Asset Index is the first crypto-asset benchmark for institutional investors in Japan. The index offers a reliable reference point for evaluating performance by providing benchmarks constructed with a clear and transparent methodology. Designed for Japanese institutional investors and crypto-asset exchanges by considering local availability, JPY and USD currency, custody solutions and official closing values in the local time zone (JST). The NRI/IU Crypto-Asset Index contains the crypto-assets listed in the table below.

We are pleased to launch this index for Intelligence Unit and the Nomura Research Institute,said Thomas Kettner, managing director at MVIS. We are happy to offer our services and deep expertise in digital assets indexing to the Japanese market.

Strong demand from institutional investors is contributing to the growth of crypto-asset funds, and well-diversified products like index funds are attractive as alternative investments. We will bridge the traditional financial world and the crypto-asset world by providing institutional grade crypto-asset benchmarks, further establishing the status of crypto-assets as alternative investments,explained Akihiro Niimi, CEO of Intelligence Unit.

Charles Hayter, co-founder and CEO of CryptoCompare, commented,

As part of our collaboration with MVIS, we are excited to offer institutional investors in Japan the first crypto asset investible index.

Full Market Capitalization (bn USD): 203.3Number of Components: 5Base Date/Base Value: December 31, 2015/100

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Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin: Strong Demand Drives Launch of First Crypto-Asset Benchmark for Institutional Investors in Japan -...

Crypto analyst Mati Greenspan analyzed data collected by Messari and determined that $6 billion are placed in stablecoins. Greenspan developed a theory and explained that investors are preparing to move this amount of money to Bitcoin, Ethereum, Litecoinand other major Altcoins.

According to Greenspans theory, investors have moved their capital into stablecoins to protect themselves from the bearish market of the last quarter of 2019. Greenspan wrote on his Twitter account:

On the other hand, research by Binance Research revealed that the stablecoin Tether is the favorite among investors for protecting their investments. Binance found that 96% place their investments in this stablecoin:

USDT is the dominant stablecoin with 40.25% usage, holding the top ranking for both Chinese and English survey respondents. USDC, TUSD, PAX are following close behind USDT, and several English survey respondents wrote in BUSD under Others, reflecting an initial interest by our institutional & VIP clients []

Putting the broader results in line with respective market capitalizations, the overall use for each stablecoin is roughly in line with the rank of its respective market capitalization.

The crypto market has shown bullish signs throughout 2020. In the coming months, an event could trigger even more gains and new capital flowing into the market from new investors. Bitcoins Halving will take place in May with high expectations in the crypto-community to drive a new bull market.

Although there is no consensus on whether the event will meet the high expectations. Some experts have said that the Halving could disappoint and could have no effect on Bitcoins price. CoinShares Melem Demiros shares Binances thesis and says that this Halving will be unique and that it is impossible to make a comparison with previous years because the market has established a more mature enviroment.

Follow us onFacebookandTwitterand dont miss any hot news anymore! Do you like ourprice indices?

Last Updated on 2 February, 2020

Originally posted here:

Mati Greenspan: 6 billion dollars will move to Bitcoin, Ethereum and Litecoin - Crypto News Flash

Litecoin creator Charlie Lee is sharing his views on the great Bitcoin debate of 2019.

In a new interview, Lee says he thinks Bitcoins halving, which will lower the reward miners receive for powering the network in half, may have a short-term effect on the price of BTC. Lee tells The Crypto Lark he thinks Bitcoins price may pump leading up to the halving and then deflate after the event happens in May.

Everyone is thinking about how [the halving] will affect the price. From my point of view, I think that, kind of like the Litecoin halving, it becomes a self-fulfilling prophecy. If people think the price will go up, they will buy, which causes the price to go up. So I think well see some of that play into effect, and maybe after the halving we might see people sell the news, so to speak, and you might see a dip. But who knows. I think there is going to be a lot of price action this year because of the halving, which will be exciting

A lot of people say the halving is priced in because you know about it ahead of time. But the market is participated by humans, and humans are emotional and they try to fit patterns. With Litecoin last year, we saw the price go up quite a bit before the halving. And then after the halving, it actually dropped quite a bit. And that just happens. People were buying because they think the price will go up and after the halving happens, they just sell. Well see what happens with Bitcoin. It might follow the same pattern. I think it will, but who knows.

Lee, who famously sold all of his Litecoin in late 2017 to avoid any conflict of interest, also talks about his thesis that anyone interested in investing in the dangerously volatile crypto markets should buy Bitcoin before exploring the altcoin market.

I think for most people, they should actually invest in Bitcoin first. Bitcoin is the king of crypto. Its more of a for sure thing. Dont put all your money into a much more speculative altcoin that could go to zero much more easily than Bitcoin can. Similarly, I wouldnt tell everyone to put all their money into crypto. So, same thing. You shouldnt put all your money into an altcoin without having a decent amount of exposure to Bitcoin first.

Investing in Litecoin is more volatile than investing in Bitcoin. During the bear market, the ratio also drops, so your Litecoin hodlings drop a lot more than your Bitcoin holdings. And then during the bull market, the ratio goes up. So if youre holding Litecoin, youre actually making more money than when you hold Bitcoin. It all depends on when you get in.

Featured Image: Shutterstock/IgorZh

Here is the original post:

Litecoin Creator Charlie Lee Predicts Bitcoin Halving Will Be Self-Fulfilling Prophecy - The Daily Hodl

The upcoming Bitcoin halving set to happen sometime in May 2020, has been anticipated by many in the crypto community. Contributors and researchers have jumped into the discussion and made their comments on how the price fluctuations and the performance of the coin after the halving could play out.

Looking back,Litecoins halving in August 2019 resulted in a significant change in the coins price, market cap, and the hash rate. Crypto investors and enthusiasts had predicted back then that Litecoins halving would actually give some insights into Bitcoins halving slated in spring 2020.

Litecoins founder Charlie Lee in an interview talks about Bitcoin and if it might follow the same pattern as Litecoin, post the halving.

He stated,

With Litecoin last year, we saw the price go up quite a bit before the halving but dropped post the halving. Thats how it is. People were buying because they thought the price would go up and after the halving happened, they just sell Well see what happens with bitcoin I think Bitcoin will follow the same pattern. But you never know what might happen.

Well, if we look at it, Bitcoins price has been constantly fluctuating from the past couple of weeks but Lee, however, stated that Bitcoins price was indeed recovering. At the time of writing, Bitcoin was trading at $8,650.

Further commenting on all the hype that is usually built up around halving, Lee stated that irrespective of how things might turn out post Bitcoin halving, there would be a lot of price action in 2020.

Go here to see the original:

Could Bitcoin halving follow the same pattern as Litecoin? - AMBCrypto

Bitcoin closed January in bullish fashion, ending with a 30 percent-plus price increase. While this set a positive tone for what could be a big year to follow, with the halving less than 100 days away, the altcoins are not too far behind.

According to the latest report by Arcane Research, the mid-cap cryptocurrencies i.e. projects with a market capitalization between $2-$10 million saw the biggest price increase in the previous month. Whats curious to note was that despite the massively bullish month that Bitcoin endured, it came in last compared to the large-cap [$10 billion + market capitalization] and small-cap [lower than $2 billion market capitalization] currencies in the crypto-market.

Last week, Bitcoin consolidated over $9,000, with two key pieces of evidence attesting the same. First, Bitcoin broke a bearish channel that locked it below the $9,000 mark since June 2019, with only brief skirmishes in Q4 2019 owing to Chinas embrace of blockchain and their crypto-crackdown resumption. Secondly, the incline saw Bitcoin move over its 200-day moving average, another telltale sign.

The mid-cap cryptocurrencies didnt just move up, they moved up big time. The report stated that these cryptocurrencies have seen a 62 percent price upswing in the first 30 days of 2020. Leading crypto analytics tracker, CoinMarketCap lists six cryptocurrencies that fall within the mid-cap range, Binance Coin [BNB], Bitcoin Cash [BCH], Bitcoin SV [BSV], EOS, Litecoin [LTC], and the stablecoin Tether [USDT].

Of the six mentioned, Binance and Ethereum top the list moving up by over 42 percent in the month, owing to a slew of developments for their respective exchange and network.

Among the small-cap cryptocurrencies in the market, the report noted a significant rise for Dash and IOTA, with the two moving up by 9.8 percent and a whopping 14.8 percent. The top losers included the second-largest altcoin in the market, XRP losing 5.9 percent of its value, while the China-centric crypto NEM [XEM] dropped by 10.6 percent.

With one month of 2020 done and dusted and the many getting a leg-up on the king, it could be yet another case of Bitcoin giving the early lead to the altcoins.

Read more from the original source:

Bitcoin not the only gainer: Litecoin, BNB, BCH and other alts exhibit an early lead - AMBCrypto

Litecoin

Litecoin rose by 3.68% on Tuesday. Following on from a 4.19% rally on Monday, Litecoin ended the day at $60.62.

A bullish start to the day saw Litecoin rally to an early morning intraday high $61.44 before hitting reverse.

Litecoin broke through the first major resistance level at $60.05 before sliding to a late afternoon intraday low $57.17.

In spite of the pullback, Litecoin steered clear of the first major support level at $56.31. Late in the day, Litecoin broke back through the first major resistance level to wrap up the day at $60 levels.

At the time of writing, Litecoin was up by 0.28% to $60.79. A mixed start to the day saw Litecoin rise from an early morning low $60.25 to a high $62.40 before falling back.

Litecoin broke through the 23.6% FIB of $62 and the first major resistance level at $62.32 early on.

Litecoin would need to break back through 23.6% FIB to support a run at the first major resistance level at $62.32.

Support from the broader market would be needed, however, for Litecoin to break back through to $61 levels.

Barring an extended crypto rally, the 23.6% FIB and first major resistance level would likely limit any upside.

In the event of another crypto breakout, the second major resistance level at $64.01 would likely limit any upside on the day.

Failure to break back through the 23.6% FIB could see Litecoin come under pressure.

A fall back through the morning low $60.25 to sub-$60 levels would bring the first major support level at $58.05 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of Tuesdays low $57.17.

Major Support Level: $58.05

Major Resistance Level: $62.32

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 0.78% on Tuesday. Following on from a 1.87% gain on Monday, Stellars Lumen ended the day at $0.060676.

A choppy start to the day saw Stellars Lumen fall to a late morning intraday low $0.059087 before finding support.

Steering clear of the first major support level at $0.05816, Stellars Lumen rallied to an early afternoon intraday high $0.061917.

Stellars Lumen broke through the first major resistance level at $0.06112 before falling back to sub-$0.060 levels.

Finding support late on, Stellars Lumen broke back through the first major resistance level before easing back to $0.060 levels.

At the time of writing, Stellars Lumen was up by 0.80% to $0.061161. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.060802 to a high $0.061544.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to break back through the morning high $0.061544 to support a run at the first major resistance level at $0.06203.

Support from the broader market would be needed, however, for Stellars Lumen to break back through the Tuesdays high $0.061917.

Barring an extended crypto rally, the first major resistance level at $0.06203 and Tuesdays high should limit any upside.

Failure to move back through the morning high $0.061544 could see Stellars Lumen hit reverse.

A fall through to sub-$0.06060 levels would bring the first major support level at $0.05920 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.059 levels.

Major Support Level: $0.05920

Major Resistance Level: $0.06203

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX surged by 8.97% on Tuesday. Following on from a 1.09% gain on Monday, Trons TRX end the day at $0.018681.

Tracking the broader market, Trons TRX rallied from an early morning intraday low $0.017144 to an early afternoon intraday high $0.018942.

Trons TRX broke through the major resistance levels before falling back to sub-$0.018 levels.

Finding late support, Trons TRX broke back through the major resistance levels to close out the day at $0.018 levels.

At the time of writing, Trons TRX was up by 1.37% to $0.018936. A mixed start to the day saw Trons TRX fall to an early morning low $0.018573 before striking a high $0.018936.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move through Tuesdays high $0.018942 levels to support a run at the first major resistance level at $0.01937.

Support from the broader market would be needed, however, for Trons TRX to break through to $0.019 levels.

Barring an extended crypto rally, first major resistance level, and Tuesdays high would likely pin Trons TRX back.

Failure to move through to Tuesdays high could see Trons TRX hit reverse.

A fall back through the morning low $0.018573 to sub-$0.01830 levels would bring the first major support level at $0.01757 into play.

Barring a crypto meltdown, however, Trons TRX should steer well clear of the second major support level at $0.01646 on the day.

Major Support Level: $0.01757

Major Resistance Level: $0.01937

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Excerpt from:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 29/01/20 - Yahoo Finance

Key highlights:

If you're a crypto veteran, you probably don't need an introductiononLitecoin, butnewcomers often misunderstand LTC at first glance.

Many people expect that LTC is some sort of an alternative cryptocurrency with unique use-cases that should be used in specific scenarios etc, but that's not really the case.

Often referred to as the silver to Bitcoin's gold, Litecoin is one of the oldest public open-source cryptocurrencies out there and it is as simple as it sounds: A lite version of Bitcoin.

It was initially conceived and launched back in 2011, by computer scientist Charlie Lee, who understood Bitcoin's block size, transaction times and fees would eventually lead to unavoidable bottlenecks.

Hence, Litecoin can be considered as the first derivative of Bitcoin which simply changed some of Bitcoin's core parameters, and introduced minor technical modifications to create a digital peer-to-peer (p2p) payment network similar to Bitcoin, yet more efficient from a few angles.

Charlie Lee, who previously worked for Googleand Coinbase, says that Litecoin is not meant to compete with Bitcoin, but rather to accompany it, and carry some of its weight to ensure stability and integrity even during crypto rush hours.

Being slightly faster andcheaper in terms of fees, Litecoin can indeed be considered as Bitcoin that's tailored for day-to-day usage.

Litecoin Network's native currency is naturally LTC, and unlike Bitcoin, its total supply is set to 84 million units. Currently, over 63 million LTC units are circulating, which is over 75% of the total supply.

Litecoin occupies the 7th spot by market capitalization with $3.5 billion, while LTC is currently being traded at around $56 a piece. During its very peak, Litecoin reached a market cap of $20 billion and one LTC was changing hands at around $370.

Utilizing a Proof of Work (PoW) consensus architecture similar to Bitcoin, Litecoin uses miners to validate and promote transactions on the network. A transaction can take up to 2 minutes during normal congestion times.

The block reward for a successful LTC miner is set to 12.5 LTC and it will halvein August of2023. Conversely, Bitcoin's next halving is expected to happen this May.

It is correct to assume that Bitcoin and Litecoin are very similar architecture-wise, yet some key differences between the two projects create a standalone rivalry.

The most noticeable difference would be the fact that Bitcoin uses the standard NSA SHA-256 military-grade algorithm which is commonly used by Google, Amazon, Microsoft and more computing giants due to its strong security. On the other hand, Litecoin uses Scrypt algorithm, which is less energy-intensive, butextremely memory-intensive.

In simpler terms, Bitcoin can now only be efficientlymined with Application Specific Integrated Circuits, commonly known as ASICs, while Litecoin could be mined with regular CPUs and GPUs making it more accessible.

At the same time, Litecoin has significantly lower fees and faster transaction times when compared to Bitcoin.A drawback of Litecoin is that it has alow rate of adoption, especially when compared to Bitcoin.

As you should have figured out already, Litecoin is not that complex neither it aims to disrupt the cryptocurrency scene as many other digital currencies tend to do in an attempt to compete with Bitcoin.

In opposition to many other altcoins, the people behind the Litecoin project often say that it is made to accompany Bitcoin through its journey, and its goals are simply to offer faster and cheaper monetary transactions when Bitcoin is struggling.

Should you get a 2020 introduction to Bitcoin to compare both projects for yourself? Feel free to read our relevant article.

Read this article:

A 2020 Introduction to Litecoin (LTC) - CoinCodex

It is February 1 and bitcoin is up by a modest 0.52 percent.

The benchmark cryptocurrency left an impressive month behind in January, returning 30.27 percent in profits against an otherwise gloomy global market outlook. The wild move upside marked bitcoins best January close in seven years, convincing traders that the gains could grow further heading into February.

Bitcoin maintaining gains to open February in a green territory | Source: Yahoo Finance

So it appears, bitcoins bullish continuation theory actually has merits in the form of both fundamental and technical factors. NewsBTC has listed the top three upside catalysts among them, as follows.

The first signs of explosive growth in bitcoin prices came on the sidelines of a US-Iran geopolitical conflict. The cryptocurrencys gains followed similar moves in the gold market as investors appetite for safe-haven assets surged. That brought an otherwise unpopular gold-bitcoin correlation to its four-year peak.

That was according to Arcane Research, a data analysis firm, that noted an increasing correlation efficiency of 0.3 between the two assets in mid-January. The company said in its report:

This [correlation] will without a doubt strengthen the digital gold narrative for bitcoin.

Correlation between Bitcoin and gold touches 0.3 | Source: CoinMetrics, Arcane Research

The surge in bitcoin and gold prices was also visible against the backdrop of the Coronavirus, a regional health epidemic that killed more than 150 people in China and infected more than 3,000 all across the world. Global financial reports indicated that investors piled into bitcoin to hedge against dwindling global equities.

With US stocks registering one of its weakest months in January, spooked by Coronavirus, it is likely for investors to keep their one foot in safe-havens this February. Bitcoin could benefit from it.

Those who do not believe in any correlation between traditional assets and bitcoin could find their bullish bias in the latters technical indicators.

The upside in bitcoin prices in January took the cryptocurrency above two very strong technical indicators. On the daily chart, it was the 200-daily moving average (or 200-DMA). Meanwhile, on the weekly chart, the indicator was the 50-weekly moving average (50-WMA).

Blued 200-DMA in First Chart; Blacked 50-WMA in Second Chart | Source: TradingView.com, Coinbase

In a majority of cases wherein bitcoin held its grounds above both the moving averages, the price rallied exponentially. Therefore, it is now likely that the cryptocurrency would stay above them heading into February, which serves as a strong bullish case for it.

Noted on-chain analyst Willy Woo said in January that any gains in Litecoin prices should signal a similar price rally for bitcoin.

The Adaptive Fund partner correctly predicted a breakout in the LTC/USD rate based on a so-called Litecoin Difficulty Ribbon, adding that he wouldnt be surprised if that does not turn out to be bullish for BTC/USD.

The altcoin closed January in the green territory, rising by a massive 65 percent.

If history repeats, bitcoin could soon follow Litecoins gains to establish a new Q1 top.

Read more:

Three Catalysts that Could Send Bitcoin Price Higher in February - newsBTC

At the time of writing, LTC/USD is changing hands at $53.20, down nearly 2% since the beginning of the day. The seventh larges digital asset with the current market value of $4.3 billion has been moving within a short-term bearish trend amid low volatility.

While commending the initiative of the Bitcoin Cash community to force miners to transfer 12.5% of their revenues, the creator of Litecoin Charlie Lee suggested that miners should donate 1% of their block rewards (0.125 LTC) to the ecosystem development. He also added that the donations should be completely voluntary.

He wrote on Twitter:

I think a better way to fund development is mining pools voluntarily donate a portion of the block reward. How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation? If every miner/pool does this, it amounts to about $1.5MM donation per year!

He also added that due to merged mining of Dogecoin and other coins based on Scrypt algorithm, miners are able to receive over 105% of block rewards. What's more pool of miners can decide on the target. of their donations, for example, Litecoin.com or The Lite School.

The community reaction was controversial. Someone supported the initiative, while others expressed doubts and suggested that Lee should have donated the proceeds from selling his coins in 2017.

LTC/USD hit the bottom at $50.65 on January 24 and has been recovering ever since. However, the further upside may be limited by SMA50 1-hour at $53.60, which is closely followed by the short-term downside trend line. Once it is out of the way, the upside is likely to gain traction with the next focus on SMA100 at $55.50 and SMA200 1-hour at $57.00.

On the downside, the support comes at $52.00 ( the lower line of 1-hour Bollinger Band). A sustainable move below this area will take us towards the recent low of $50.65. If the price breaks below $50.00, SMA50 daily at $46.50 will come into focus.

See the original post:

Litecoin Price analysis: LTC/USD recovery stalled as Charlie Lee mulls the idea of miners' donations - FXStreet

Litecoin

Litecoin rose by 1.06% on Wednesday. Following on from a 0.65% gain on Tuesday, Litecoin ended the day at $58.10.

A mixed start to the day saw Litecoin fall to an early morning intraday low $57.03 before making a move.

Steering clear of the first major support level at $56.91, Litecoin rallied to a mid-morning intraday high $59.13.

Litecoin broke through the first major resistance level at $58.03 and second major resistance level at $58.56 before easing back.

At the time of writing, Litecoin was down by 2.03% to $56.92. A bearish start to the day saw Litecoin slide from an early morning high $58.20 to a low $56.89.

Steering clear of the major resistance levels, Litecoin fell through the first major support level at $57.04.

Litecoin would need to break back through the first major support level to $58 levels to bring the first major resistance level at $59.14 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $59 levels.

Barring a broad-based crypto rally, resistance at $58 would likely limit any upside.

Failure to move through to $58 levels would likely see Litecoin spend the day in the red.

A fall back through the morning low $56.89 would bring the second major support level at $55.99 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$55 levels on the day.

Major Support Level: $57.04

Major Resistance Level: $59.14

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen slid by 2.47% on Wednesday. Reversing a 0.32% gain from Tuesday, Stellars Lumen end the day at $0.061391.

A relatively bullish start to the day saw Stellars Lumen rise to a late morning intraday high $0.063584 before hitting reverse.

Falling short of the first major resistance level at $0.06439, Stellars Lumen slid to a late intraday low $0.060850.

Stellars Lumen fell through the first major support level at $0.061420 before finding support to move back through to $0.061 levels.

In spite of the late support, Stellars Lumen failed to break back through the first major support level at the day end.

At the time of writing, Stellars Lumen was down by 1.82% to $0.060273. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.061139 to a low $0.060120.

Steering clear of the major resistance levels, Stellars Lumen fell through the first major support level at $0.06030.

Story continues

Stellars Lumen would need to break back through the first major support level and move through to $0.062 levels to support a run at the first major resistance level at $0.06303.

Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.062 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesdays high $0.063584 should limit any upside.

Failure to move back through to sub-$0.062 levels could see Stellars Lumen struggle throughout the day.

A fall through to sub-$0.060 levels would bring the second major support level at $0.05921 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer well clear of the third major support level at $0.05647.

Major Support Level: $0.06030

Major Resistance Level: $0.06303

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX fell by 0.14% on Wednesday. Following a 4.39% rally on Tuesday, Trons TRX ended the day at $0.017414

A bullish start to the day saw Trons TRX rise to a mid-morning intraday high $0.01750 before hitting reverse.

Falling short of the first major resistance level at $0.01774, Trons TRX fell to an early evening intraday low $0.01705.

Steering clear of the first major support level at $0.01673, Trons TRX recovered to $0.0174 levels to limit the loss on the day.

At the time of writing, Trons TRX was down by 1.36% to $0.017177. A bearish start to the day saw Trons TRX fall from an early morning high $0.017514 to a low $0.017075.

Trons TRX fell through the first major support level at $0.01714 early, whilst leaving the major resistance levels untested.

Trons TRX would need to move back through the first major support level to $0.01730 levels to support a run at the first major resistance level at $0.01759.

Support from the broader market would be needed, however, for Trons TRX to break through to $0.01730 levels.

Barring a broad-based crypto rally, Wednesdays high $0.01750 and first major resistance level would likely cap any upside.

Failure to move through to $0.01730 levels could see Trons TRX slide deeper into the red.

A fall back through the morning low $0.017075 would bring the sub-$0.017 levels into play before any recovery.

Barring a crypto meltdown, however, Trons TRX should steer well clear of sub-$0.016 levels. The second major support level at $0.01687 should limit any downside on the day.

Major Support Level: $0.01714

Major Resistance Level: $0.01759

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Read the rest here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 23/01/20 - Yahoo Finance

Litecoin

Litecoin fell by 2.82% on Sunday. Following on from a 2.61% fall from Saturday, Litecoin ended the week up 11.98% to $57.57.

A bullish start to the day saw Litecoin rise to an early morning intraday high $62.50 before hitting reverse.

Litecoin broke through the first major resistance level at $61.81 and 23.6% FIB of $62 before sliding to a mid-day intraday low $55.33.

The reversal saw Litecoin slide through the first major support level at $57.33.

Finding support at the second major support level at $55.39, Litecoin broke back through the first major support level to reduce the loss on the day.

At the time of writing, Litecoin was down by 0.56% to $57.25. A mixed start to the day saw Litecoin rise to an early morning high $57.84 before falling to a low $56.78.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to break through to $58.50 levels to support a run at the first major resistance level at $61.60.

Support from the broader market would be needed for Litecoin to move back through $60 levels.

Barring a broad-based crypto rebound, however, resistance at $60 would likely limit any upside on the day.

Failure to move back through to $58.50 levels would likely see Litecoin spend the day in the red.

A fall back through Sundays low $55.33 would bring the first major support level at $54.47 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$54 levels on the day.

Major Support Level: $54.43

Major Resistance Level: $61.60

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen fell by 1.87% on Sunday. Reversing a 1.27% gain from Saturday, Stellars Lumen end the week up 22.70% to $0.06010.

A bullish start to the day saw Stellars Lumen rally to a late morning intraday high $0.066108 before hitting reverse.

Stellars Lumen broke through the first major resistance level at $0.06568 before sliding to a mid-day intraday low $0.05826.

Steering clear of the first major support level at $0.05722, Stellars Lumen found support through the 2nd half of the day.

Stellars Lumen moved back through to $0.061 levels before easing back.

At the time of writing, Stellars Lumen was down by 1.05% to $0.059469. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.060162 before falling to a low $0.059469.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to move through to $0.06150 levels to support a run at the first major resistance level at $0.06472.

Support from the broader market would be needed for Stellars Lumen to break out from the morning high to $0.061 levels

Barring a broad-based crypto rebound, however, Stellars Lumen would likely come up short of the morning high $0.060162.

Failure to move back through to $0.06150 levels could see Stellars Lumen struggle throughout the day.

A fall back through Sundays low $0.05826 would bring the first major support level at $0.05687 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer well clear of sub-$0.0580 levels.

Major Support Level: $0.05687

Major Resistance Level: $0.06472

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX slid by 5.93% on Sunday. Reversing a 1.06% gain from Saturday, Trons TRX ended the week up by 10.64% to $0.016613.

A bullish start to the day saw Trons TRX rise to an early morning intraday high $0.018081 before hitting reverse.

Falling short of the first major resistance level at $0.01820, Trons TRX fell to a mid-day intraday low $0.015964.

Trons TRX fell through the first major support level at $0.01723 and the second major support level at $0.01674.

Through the 2nd half of the day, Trons TRX moved back through to $0.0166 levels to cut the deficit on the day. In spite of the partial recovery, Trons TRX failed to break back through the support levels.

At the time of writing, Trons TRX was down by 0.23% to $0.016574. A mixed start to the day saw Trons TRX move to an early morning high $0.016704 before falling to a low $0.016514.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move through to $0.01690 levels to bring the first major resistance level at $0.01781 into play.

Support from the broader market would be needed, however, for Trons TRX to break out from $0.01700 levels.

Barring a broad-based crypto rebound, resistance at $0.017 would likely cap any upside.

Failure to move back through to $0.01690 levels could see Trons TRX fall deeper into the red

A fall back through to Sundays low $0.015964 would bring the first major support level at $0.01569 into play

Barring a crypto meltdown, however, Trons TRX should steer clear of sub-$0.015 levels and the second major support level at $0.01477.

Major Support Level: $0.01569

Major Resistance Level: $0.01781

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

View post:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 20/01/20 - Yahoo Finance

Litecoin

Litecoin gained 0.65% on Tuesday. Partially reversing a 0.76% decline from Monday, Litecoin ended the day at $57.49.

A bullish start to the day saw Litecoin rise to an early morning intraday high $57.98 before hitting reverse.

Falling short of the first major resistance level at $58.29, Litecoin slid to an early evening intraday low $55.76.

Litecoin found support at the first major support level at $55.81 to move back through to $57 levels and into the green.

At the time of writing, Litecoin was down by 0.05% to $57.46. A mixed start to the day saw Litecoin fall to an early morning low $57.37 before striking a high $57.81.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to move back through the morning high $57.81 to support a run at the first major resistance level at $58.03.

Support from the broader market would be needed, however, for Litecoin to break back through Tuesdays high $57.98.

Barring a broad-based crypto rally, the first major resistance level at $58.03 and Tuesdays high $57.98 would likely limit any upside.

Failure to move back through the morning high could likely see Litecoin spend the day in the red.

A fall back through to sub-$57.40 levels would bring the first major support level at $56.91 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$56 levels on the day. The second major support level at $56.32 should limit any downside.

Major Support Level: $56.91

Major Resistance Level: $58.03

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 0.32% on Tuesday. Following on from a 4.19% rally on Monday, Stellars Lumen ended the day at $0.062868.

A relatively bullish start to the day saw Stellars Lumen rise to an early afternoon intraday high $0.06446 before hitting reverse.

Falling short of the first major resistance level at $0.06521, Stellars Lumen slid to an early evening intraday low $0.061496.

Holding above the first major support level at $0.05980, Stellars Lumen bounced back to $0.064 levels before easing back.

At the time of writing, Stellars Lumen was up by 0.14% to $0.062955. A range-bound start to the day saw Stellars Lumen rise from an early morning low $0.062943 to a high $0.062955.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to move through to $0.063 levels to support a run at the first major resistance level at $0.06439.

Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.064 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesdays high $0.06446 should limit any upside.

Failure to move back through to sub-$0.063 levels could see Stellars Lumen struggle throughout the day.

A fall back through to sub-$0.06290 levels would bring the first major support level at $0.06142 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer well clear of sub-$0.0600 levels.

Major Support Level: $0.06142

Major Resistance Level: $0.06439

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 4.39% on Tuesday. Following a flat Monday, Trons TRX ended the day at $0.017308.

A bullish start to the day saw Trons TRX rally from an early morning intraday low $0.01658 to an early afternoon intraday high $0.017591.

Steering clear of the major support levels, Trons TRX broke through the first major resistance level at $0.01686 and the second major resistance level at $0.01708.

Coming within range of the third major resistance level at $0.01763, Trons TRX fell back to sub-$0.017 levels.

Finding support at the first major resistance level at $0.01686, Trons TRX broke back through the second major resistance level to wrap the day at $0.017 levels.

At the time of writing, Trons TRX was up by 0.76% to $0.017439. A relatively bullish start to the day saw Trons TRX rise from an early morning low $0.017395 to a high $0.017439.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move back through Tuesdays high $0.017591 to support a run at the first major resistance level at $0.01774.

Support from the broader market would be needed, however, for Trons TRX to break through to $0.0177 levels.

Barring a broad-based crypto rally, Tuesdays high $0.017591 and first major resistance level would likely cap any upside.

Failure to move through to Tuesdays high could see Trons TRX hit reverse.

A fall back through to sub-$0.01716 levels would bring the first major support level at $0.01673 into play

Barring a crypto meltdown, however, Trons TRX should steer clear of sub-$0.016 levels. The second major support level at $0.01615 should limit any downside on the day.

Major Support Level: $0.01673

Major Resistance Level: $0.01774

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Read more:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 22/01/20 - Yahoo Finance

Litecoin

Litecoin fell by 0.76% on Monday. Following on from a 2.82% slide on Sunday, Litecoin ended the day at $57.10.

A bearish start to the day saw Litecoin fall to an early afternoon intraday low $55.71 before finding support.

Steering clear of the first major support level at $54.43, Litecoin struck a late afternoon intraday high $58.19.

Falling well short of the first major resistance level at $61.60, Litecoin eased back to $57 levels and into the red.

At the time of writing, Litecoin was up by 0.30% to $57.27. A mixed start to the day saw Litecoin fall to an early morning low $56.86 before striking a high $57.32.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to steer clear of sub-$57.00 levels to support a run at the first major resistance level at $58.29.

Support from the broader market would be needed for Litecoin to move back through $58 levels.

Barring a broad-based crypto rally, however, the first major resistance level and Mondays high $58.19 would likely limit any upside.

Failure to steer clear of sub-$57.00 levels would likely see Litecoin spend the day in the red.

A fall back through to $56.50 levels would bring the first major support level at $55.81 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$55 levels on the day.

Major Support Level: $55.81

Major Resistance Level: $58.29

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rallied by 4.19% on Monday. Reversing a 1.87% fall from Sunday, Stellars Lumen to end the day at $0.062675.

A relatively bearish start to the day saw Stellars Lumen fall to an early morning intraday low $0.059469.

Steering clear of the first major support level at $0.05687, Stellars Lumen rallied to a late morning intraday high $0.064878.

Stellars Lumen came up against the first major resistance level at $0.06472 before easing back to $0.061 levels.

Story continues

In the mid-afternoon, Stellars Lumen tested the first major resistance level for a 2nd time with a high $0.064777 before easing back.

At the time of writing, Stellars Lumen was up by 0.43% to $0.062945. A mixed start to the day saw Stellars Lumen fall to an early morning low $0.062030 before rising to a high $0.062945.

Stellars Lumen left the major support and resistance levels untested early on.

Stellars Lumen would need to move through to $0.063 levels to support a run at the first major resistance level at $0.06521.

Support from the broader market would be needed for Stellars Lumen to break out from the Mondays high $0.064878.

Barring a broad-based crypto rally, however, Stellars Lumen would likely come up short of $0.065 levels on the day.

Failure to move back through to sub-$0.063 levels could see Stellars Lumen struggle throughout the day.

A fall back through to sub-$0.06230 would bring the first major support level at $0.05980 into play.

Barring a broad-based crypto sell-off, however, Stellars Lumen should steer well clear of sub-$0.0600 levels.

Major Support Level: $0.05980

Major Resistance Level: $0.06521

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX ended the day flat on Monday. Following a 5.93% slide from Sunday, Trons TRX ended the day at $0.016649.

A mixed start to the day saw Trons TRX rise to an early morning intraday high $0.016745 before hitting reverse.

Falling short of the first major resistance level at $0.01781, Trons TRX slid to an early afternoon intraday low $0.016195.

Steering clear of the first major support level at $0.01569, Trons TRX recovered to $0.01670 levels before easing back.

At the time of writing, Trons TRX was down by 0.41% to $0.016580. A bearish start to the day saw Trons TRX fall from an end of Monday $0.016649 to a low $0.016580.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to steer clear of sub-$0.01650 levels to support a run at the first major resistance level at $0.016860.

Support from the broader market would be needed, however, for Trons TRX to break out from Mondays high $0.016754.

Barring a broad-based crypto rally, Mondays high and first major resistance level would likely cap any upside.

Failure to steer clear of sub-$0.01650 levels could see Trons TRX fall deeper into the red.

A fall back through to $0.01640 levels would bring the first major support level at $0.01631 into play

Barring an extended sell-off, however, Trons TRX should steer clear of sub-$0.016 levels and the second major support level at $0.01598.

Major Support Level: $0.01631

Major Resistance Level: $0.01686

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Read the original here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 21/01/20 - Yahoo Finance

Switzerlands premier forex bank and broker Dukascopy is creating a stronger portfolio of cryptocurrency offerings with new Litecoin CFDs. The bank already offers Bitcoin and Ethereum CFDs to users.

Though Dukascopy already offers Bitcoin and Ethereum contracts-for-difference (CFDs), the addition of Litecoin is a landmark for the bank. It is also a positive development for the Litecoin project. Dukascopy bypassed Ripplex XRP, Bitcoin and other prominent crypto coins to settle on LTC, the seventh-largest cryptocurrency in the world.

At the time of writing, Litecoin has a market capitalization of $3.7 billion and traded at $58.37. Litecoin is one of the most popular forks of the original Bitcoin Core (BTC) blockchain. In recent months, Dukascopy has been trying to create a bigger portfolio of crypto offerings. It allows its clients to deposit and withdraw funds in cryptocurrencies. Moreover, they are also allowed to transfer crypto-assets using mobile banking. The service, if used by two users of the same bank, is offered for free.

According to the lender,

The Banks infrastructure already allows clients to fund their trading accounts using BTC, exchange its own cryptocurrency Dukascoin on the internal marketplace and trade CFDs on BTC/USD and ETH/USD with leverage of up to 1:3.

The forex bank doesnt just offer crypto products but also offers its own stablecoin Dukacash. The fiat pegged cryptocurrency also has peers like CNY+, connected with Chinese Renminbi, GBP+ connected with UK Pound, JPY+ connected with Japanese Yen, MXN+ connected to Mexican Peso and RUB+ connected with Russian Ruble.

This new class of assets was launched in 2018 when the bank first tested its Bitcoin offering service and took its initial steps into the crypto field. It suggests that it could release some other cryptocurrencies in the future. Currently, Dukascopy provides Dukacash custodial services. It also accepts payments for its services in Dukacash.

See the original post here:

Dukascopy to Offer Litecoin CFDs to Its Users - CryptoVibes