Litecoin price needs to cement its position
BITCOIN GOLD (BTG)
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2y ago
 Litecoin price experienced the second flash crash, which bottomed on September 21. While the descent was steep, the recovery seems to be coming along well. The recent upswing has pushed past a key resistance level, but LTC needs to hold above it to confirm buyers’ presence. Litecoin's price climbed 15% after forming a potential bottom at $145.40. This ascent pushed LTC past the resistance level at $160.86. While this upswing is impressive, the buyers need to hold above this barrier to confirm a successful flip. Doing so will indicate that the bullish momentum is strong and trigger a sec ..read more
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Uniswap price faced a blockade at $21.51, slowing its recovery
BITCOIN GOLD (BTG)
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2y ago
 Uniswap price looks to be consolidating after encountering a stiff resistance barrier on its road to recovery. While this slowdown is unappealing, it is not untenable. Investors can expect this consolidation to resolve in favor of the bulls.  Such a development will likely push UNI to shatter a few blockades along the way, Uniswap price crashed 31% since September 16 and formed a temporary bottom around $18.37. UNI rallied roughly 20% as the crypto markets recovered but is currently stuck below a resistance barrier at $21.51.  This consolidation hints that a volatile move is a ..read more
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ETH struggles to find direction
BITCOIN GOLD (BTG)
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2y ago
 Ethereum price action is very constricted during today’s trading. A primary reason for this consolidation goes beyond the volatility of yesterday’s trading. There is a very tight $100 range above and below the $3,400 value area where Ethereum has a near equal opportunity to surge higher or plummet lower. Ethereum bulls have several technical factors favoring a resumption of the prior uptrend - the most important is the Chikou Span remaining above the candlesticks. The Relative Strenght Index is parked right on top of the first oversold condition in a bull market (50). The Composite Inde ..read more
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Ripple XRP price awaits a Golden Cross
BITCOIN GOLD (BTG)
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2y ago
 XRP price has exploded higher since closing above the noteworthy resistance level associated with the 200-day SMA on August 7, logging a 65% price gain last week and breaking the resistance aligned with the psychologically important $1.00 and the 38.2% retracement level of the April-July cyclical Ripple correction at $1.06. This week XRP price has opted for consolidation, pulling back around 20% and successfully testing the $1.00-$1.06 level with a robust three-day rebound. The rebound repositioned Ripple XRP at the 50% retracement of the April-July price correction and removed the exces ..read more
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Ethereum Triple Halving paper has a bullish outlook
BITCOIN GOLD (BTG)
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2y ago
 The top two addresses with the highest Ethereum ETH balances on Etherscan are the ETH2 staking contract with over 7 million ETH and wrapped Ether with 6.7 million ETH. The surge in staked Ethereum ETH is driving altcoin's dominance in the crypto market higher.  Currently, Ethereum's price is trading at $3269, and its dominance is at 17.9%. A direct correlation has emerged between Ethereum's price and dominance. With the price increase, the altcoin's dominance has increased consistently over the last five months. Alongside Ethereum, the volume of wrapped Ethereum used to pay for gas ..read more
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Bitcoin holds support, next resistance at $50K
BITCOIN GOLD (BTG)
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2y ago
 Bitcoin rallied above $45,000 as upside momentum improved over the past two weeks. The next level of resistance is seen at a price of $50,000, which could limit further upside given short-term overbought signals. Bitcoin price is up about 2% over the past 24 hours – around $45,600 at press time and holding support above $40,000. The relative strength index on the daily chart is overbought for the second time since July 31, which preceded a near 10% price decline. However, the weekly RSI is rising from neutral levels with a positive price momentum signal for the first time since October ..read more
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Polkadot price needs to find stable grounds
BITCOIN GOLD (BTG)
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2y ago
 Polkadot's price rallied roughly 110% between July 20 and August 8. After piercing the supply zone ranging from $19.14 to $20.61 level, and setting up a swing high at the price of $21.72, DOT has dropped 13%. This descent has pushed Polkadot price below the said area of resistance level, which is a bearish sign. While the downswing was evident after such a massive price uptrend, investors can expect it to extend lower, especially since the Momentum Reversal Indicator has flashed a sell signal in the form of a red ‘one’ candlestick pattern on the 12-hour chart. This setup often forecasts ..read more
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Ethereum Classic price at wit’s end
BITCOIN GOLD (BTG)
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2y ago
 Ethereum Classic ETC price is trying to slice through a critical resistance barrier level for the third time in the past month. A successful breach might lead to a minor price upswing, but a pullback seems inevitable for ETC considering the recent run-up. Ethereum Classic's price has rallied roughly 48% between July 20 and August 7 but failed to slice through the price of $55.79 resistance level. The current attempt is the third try over the past month. Even if the price bulls are successful in breaching this ceiling, the upside seems to be limited to $62.05. Therefore, investors can ex ..read more
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Ethereum Classic price may be starting its engines
BITCOIN GOLD (BTG)
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2y ago
 Ethereum Classic ETC price shows a gain of over 17% for the week but still carries a loss of 14.7% for the month. If the current breakout above the 2018 high of $46.98 sticks, the ETC price faces only the 50-day SMA on a path to the upper line of the descending parallel channel. For now, the outlook remains neutral until the Ethereum Classic ETC price can close above $46.98. Today, Ethereum Classic ETC price is attempting to knock out two resistance levels, the 2018 high at $46.98 and the 50-day SMA at $50.10, but the effort is fading as today progresses. The ETC move is supported by abo ..read more
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Ethereum price roars back with more upside
BITCOIN GOLD (BTG)
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2y ago
 Ethereum ETH price completed the fade-in trade a couple of days ago. The low from June 26 offered the best entry-level at a price of $1,688.39. ETH recovered nicely and bounced off the S1 weekly support level at a price of $1,755 to fully break the descending trend line and remove the horizontal resistance at a price of $1,928.89. This critical level has already been spoken about as if ETH wants more profit days to come. Price action today in Ethereum price is even above the weekly pivot. It will be necessary now to see that ETH's price can withstand any selling pressure from short-term ..read more
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