Crypto Market & Bitcoin Rebounding: BCH, Litecoin, TRX, XLM Analysis

The total crypto market cap bounced back sharply after testing the $245.0B support area. Bitcoin price is back above the $10,000 and $10,100 levels, with positive signs. Litecoin (LTC) price is showing positive signs and it could soon revisit the $80.00 resistance. BCH price is gaining pace and it could rise towards the $325 and $340 resistance levels. Tron (TRX) price settled above the $0.0170 level and it could continue to climb higher. Stellar (XLM) price surged recently and it is likely to march towards the $0.0850 level. The crypto…

Crypto Market Cap & Bitcoin Drop Sharply: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap started a strong decline below the $255.0B support. Bitcoin price is down around 4% and it recently broke the $10,000 support area. Litecoin (LTC) price is correcting gains and is trading below the $75.00 support area. BCH price failed to surpass the $325 resistance and is correcting lower towards $305. Tron (TRX) price is correcting gains and is approaching the $0.0165 support level. Cardano (ADA) price is testing the $0.0500 level, with a minor bearish angle. Bitcoin (BTC) and the crypto market cap are declining…

Crypto Market And Bitcoin Holding Support: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is holding the main $250.0B support area, with positive signs. Bitcoin price could recover as long as it is above the $10,000 support area. Litecoin (LTC) price is eyeing an upside break above the $73.00 and $75.00 resistances. Bitcoin cash price is currently consolidating above the key $300 support area. EOS price is trading in a range above the $4.000 support, with bullish signs. Stellar (XLM) price is likely to make another attempt to surpass the $0.0600 resistance. The crypto market cap is showing positive…

Litecoin Price Technical Analysis (September 10): Facing Strong Resistance at $72

Analysis Litecoin (LTC)trade is currently trading at $71.12. The digital coin is facing resistance at $72.09 and support at $69. LTC price is expected is to trade between the channel and long position should not be taken at this price. It is suggested to wait until the price reaches the support, or breaks the resistance. Dow Theory The accumulation phase usually starts when informed investors (experienced traders and institutions) are beginning to enter their positions. The price movements during the accumulation phase are slow. The accumulation phase often falls into…

Crypto Market & Bitcoin Grinding Higher: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap extended its upside and climbed above the $255.0B resistance. Bitcoin price also gained traction and traded above the $10,500 and $10,600 levels. Litecoin (LTC) price is likely to break the $70.00 resistance area and it could continue higher. BCH price is above to surpass the main $300 resistance level in the near term. Tron (TRX) price is still struggling to surpass the key $0.0160 and $0.0162 resistance levels. Cardano (ADA) price is trading well below the $0.0500 resistance area, with range moves. Bitcoin (BTC) and…

Crypto Market & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap is following a bearish path below the $265.0B and $270.0B resistances. Bitcoin price failed to break the $10,500 resistance and is currently under a lot pressure. Litecoin (LTC) price is trading with a bearish bias below the $75.00 support area. BCH price is at a risk of a downside break below the $305 and $300 support levels. Tron (TRX) price is consolidating losses below the key $0.0180 and $0.0185 resistance levels. Cardano (ADA) price is following a bearish path below the $0.0520 and $0.0500 supports.…

U.S. Treasury Discloses Bitcoin and Litecoin Addresses of Alleged Chinese Drug Smugglers

According to a press release dated August 21, 2019, the U.S. Treasury Department has blacklisted three Chinese citizens and one Chinese Entity for allegedly leading an online-based drug trafficking organization that was smuggling opioids inside the US. Criminals have been blacklisted and personal data have been disclosed including several bitcoin addresses and one litecoin address. Buy Drugs with Bitcoin? Think Twice! The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) alongside with the Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced in a note released on August…

Litecoin Dumped Over 50 Percent but a Bounce Is in Sight

The halving was supposed to be Litecoin’s bullish catalyst; it failed to live up to the hype. However, analysis of the chart shows potential. | Source: Shutterstock By CCN Markets: Litecoin’s price action has been less than stellar as of late. After posting a 2019 high of $146 on June 21, the cryptocurrency succumbed to heavy selling pressure. Today, August 22, Litecoin dropped to as low as $70 for a plunge of over 50 percent in two months. The halving, which was supposed to be the coin’s bullish catalyst, failed…

US Treasury Sanctions Bitcoin, Litecoin Addresses Under Kingpin Act

The United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation Act, or the Kingpin Act. These addresses, and the individuals associated with them, have been deemed to be associated with foreign narcotics operators. The Treasury updated its SDN list with recent Kingpin Act Designations on Aug 21. The three alleged narcotic operators associated with these addresses are Chinese citizens Xiaobing Yan, Fujing Zheng and Guanghua Zheng. The three individuals all have associated Bitcoin (BTC) addresses…

Crypto Market & Bitcoin Remain Supported: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap failed to surpass the key $280.0 resistance area. Bitcoin price started a downside correction and traded below the $10,800 support. Litecoin (LTC) price is struggling to correct higher and is testing the $75.00 support. BCH price is currently correcting lower and it might test the $305 support area. Tron (TRX) price is extending losses and it remains in a strong downtrend below $0.0185. Cardano (ADA) price broke the key $0.0500 support level to extend its slide. Bitcoin (BTC) and the crypto market cap are currently…