Day: March 6, 2019

Crypto Market Rally Facing Resistance: Litecoin (LTC), BNB, BCH Price Analysis

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The total crypto market cap rallied recently and tested the key $128.0B resistance level. Litecoin (LTC) price gained more than 12% and it broke the $52 resistance level. Bitcoin cash price recovered and traded above the $130 and $132 resistances. Tron (TRX) price found support near $0.0220 and it recovered above $0.0230. Binance coin (BNB) price extended gains and settled above the $13.00 resistance level. The crypto market rallied recently before bitcoin (BTC) and Ethereum (ETH) faced strong resistances. Ripple, litecoin, bitcoin cash, TRX, XLM and BNB are trading with…

Ripple Price Analysis: Dips In XRP Remains Attractive To Buyers

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Ripple price stayed above the key $0.2970 support and bounced back against the US dollar. The price gained momentum above the $0.3020 and $0.3030 resistance levels to turn positive. Yesterday’s highlighted important bearish trend line was breached near $0.3030 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair rallied above $0.3080 and $0.3100 before it faced sellers near $0.3170. Ripple price recovered sharply from lows against the US Dollar and bitcoin. XRP/USD settled above the key $0.3080 resistance, which could now act as a buy…

Ethereum Price Analysis: Real Bounce In ETH Or Just Rebound?

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ETH price climbed higher sharply and broke the $127 and $130 resistances against the US Dollar. The price even broke the $134 resistance and retested the key $139 resistance level. Yesterday’s highlighted key bearish trend line was breached with resistance at $130 on the hourly chart of ETH/USD (data feed via Kraken). The pair rebounded nicely, but as long as it is below $139 and $140, it could decline once again. Ethereum price surged higher and cleared many hurdles against the US Dollar and bitcoin. However, ETH/USD is still below…

Canadian Financial Institution: Bitcoin (BTC) Could Revisit $20,000 By 2021

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$20,000 Bitcoin Floated… Again Researchers at Canaccord Genuity Capital Markets, a Vancouver, Canada-based financial institution, recently released a research note regarding Bitcoin (BTC) and the cryptocurrency market. Interestingly, they were slightly bullish. Or by some other measures, they were rather optimistic — too optimistic even. Per MarketWatch, who broke down the report, “HODLers […] could be set for a change in [their] fortunes.” Analysts Michael Graham and Scott Suh explained that if BTC were to follow the price action it underwent from 2011 to 2017, a clear argument could be…

The Best Way To Know Bitcoin Is A Conservative Investment

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Before looking at the best way to know bitcoin is a conservative investment (a very impressive 10 year bitcoin trend that has many investors pouring money into bitcoin)… Here’s the best way to know bitcoin is not a conservative investment, but a terrible get rich quick scheme, “probably rat poison squared” even, as Warren Buffet calls bitcoin: Best Way to Know Bitcoin Is Rat Poison Squared You see bitcoin or another cryptocurrency’s ATH (All Time High) prices going higher and higher, and you think now’s not a bad time for…

Australian City Sports 40+ Bitcoin Cash Merchants

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CoinSpice’s Hayden Otto, obviously a native of Australia, published a video today featuring himself traversing the economy of North Queensland, Australia, without using fiat currency at all. He was able to dine, drink, travel, get accommodations, and even have his laundry done – all with Bitcoin Cash. At one point in the video, he appears to pay nearly $4,000 AUD to take a helicopter tour of the region, followed by a motorcycle ride. Many of the retailers would accept cryptocurrencies other than Bitcoin Cash, but, according to Otto’s reporting, Bitcoin…

Malta Digital Exchange Relocates Operations to Malta Stock Exchange Premises

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Malta Digital Exchange (MDX) is moving in with the Malta Stock Exchange (MSE) in contemplation of the launch of its digital exchange division, the Times of Malta reported on March 5. MDX is reportedly in the process of obtaining a securities license to promote a multilateral trading platform that will introduce a secondary market for digital assets trading. MDX founder and executive chairman Rick Klink said that the “move to the Maltese Stock Exchange means that we are now physically positioned to be at the heart of the next wave…