May 11, 2020

Litecoin Foundation Migrates to BitGo’s Multi-Signature Wallet

May 11, 2020 boss

The Litecoin Foundation announced that it will migrate from the multi-sig Electrum-LTC wallet to BitGo’s multi-sig wallet. According to a May 7 post on the company’s website, the move is due to BitGo’s wallet providing “greater convenience and nearly the same level of security.” The old Electrum-LTC addresses will be available online for one month, with the new BitGo wallets addressed to be published soon. The price of Litecoin (LTC) rose 5% following the announcement, but experienced a similar downturn as Bitcoin (BTC) during the halving dump on May 9.…

Ethereum Looks Ready For Another Leg Higher Over $192

May 11, 2020 boss

Ethereum is forming a decent support base above $180 against the US Dollar. ETH price is likely to start a strong increase if it breaks the $192 resistance zone. Ethereum started an upside correction from the $180 low and corrected above $185. The price is currently facing a couple of key hurdles near $190 and $192. There is a key connecting bearish trend line forming with resistance near $190 on the hourly chart of ETH/USD (data feed via Kraken). It seems like there is an inverse head and shoulders pattern…

This Simple Technical Pattern Could Resend Bitcoin Price Above $9,000

May 11, 2020 boss

Bitcoin declined heavily from the $10,000 resistance against the US Dollar. BTC is currently correcting higher and it seems like the bulls are likely to push the price back above $9,000. Bitcoin found support above the key $8,200 and $8,000 pivot levels. A low is formed at $8,267 and the price is currently correcting higher. There is a short term bearish trend line forming with resistance near $8,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). It seems like there is an inverse head and shoulders…

Ripple Partners Could Help Pandemic Supply Chain

May 11, 2020 boss

Yoshitaka Kitao, Chief Executive Officer (CEO) of Japanese financial giant SBI Holdings, has proposed Ripple partner with multinational companies in addition to financial institutions. His recommendation was partially influenced by Japan’s handling of the COVID-19 pandemic. Kitao, also a Ripple board member, talked to reporters gathered for an SBI conference call on April 28. The CEO said that his lawyers would attend Ripple’s next executive committee and asked them to promote new partnerships with multinational corporations like Big Shosha, a Japanese trading company. “By adding multinational companies to the Ripple…

This Eerie Fractal Predicts Bitcoin Will Slingshot Back to $10,000 In Days

May 11, 2020 boss

There are many traders flipping bearish after Bitcoin’s strong retracement over the past day. As reported yesterday, Ethereum’s inability to hold $210 indicates that more downside is on its way for the leading altcoin. Ethereum dropping would likely result in weakness for Bitcoin, as the two cryptocurrencies tug each other in different directions. Yet, the technical evidence is starting to suggest that the bearish fears are overblown, with one trader even arguing that $10,000 in the coming days is a possibility. Bitcoin is Preparing to Rocket Back Towards $10,000: Fractal…