Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish Litecoin is in a bear market as the coin recovered from its last bearish move. On December 18, the coin sank to the low of $36 and moved up. LTC moves up to the high of $43 […]
Read moreUSDCHF Price Analysis – December 24 The USDCHF pair recorded a small daily gain on Monday and entered the consolidation phase on Tuesday, as the markets seem to be already in a festive mood. At the time of writing, the pair remained unchanged at 0.9817 level. Key Levels Resistance Levels: 1.0231, 1.0027, 0.9876 Support Levels: […]
Read moreThe Chinese yuan was unaffected after Prime Minister Li Keqiang said that the administration was thinking about additional measures to reduce corporate finance costs, and referred to a “targeted” reduction in the required reserve ratio of banks. Offshore yuan last exchanged at 7.007. While the euro fell on Tuesday, returning to a fourteen-day low, the […]
Read moreChinese media house, CCTV, announced on the 22nd of December that the Chinese authorities have confiscated about 7,000 cryptocurrency mining machines, which were reported to be illicitly expending power in the country. The arrogation of the machines was a product of a routine inspection of properties in the area. In total, 70,000 homes, 3,060 vendors, […]
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In our previous crypto trading signals, we mentioned possible moves for Bitcoin’s price action. Leaving the weekly bullish rally, Bitcoin’s bear gained control of the market over the last 24-hours hours and as such, the price has dropped below the rising wedge that was spotted on the hourly chart. This suggests that short-term bullish may […]
Read moreEURUSD Price Analysis – December 23 The EURUSD pair rose in the US session and showed a new daily high at 1.1095, remaining below the level of 1.1100. It stays near the top on a quiet day ahead, while price movement is expected to remain low ahead of short holidays. Key Levels Resistance Levels: 1.1280, […]
Read morePopular Chinese Blockchain firm, Nuls, tweeted from its official Twitter handle on the 22nd of December that it had been hacked and had lost about $480,000 (in NULS coins). The firm explained in the tweet that it noticed that 2 million coins had been stolen from its storage and about 549,000 of those coins (valued […]
Read moreThe dollar held relentless toward the beginning of the week on Monday after data from the US demonstrated consistent economic development, while the British pound recorded some loss after it endured its greatest weekly plunge in recent years. A bundle of financial information discharged on Friday demonstrated that the US economy is having the longest […]
Read moreKey Resistance Levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Ranging Stellar has been relatively slow in price movement. On December 17, the coin fell to a low of $0.042. In defense of the current low, the price pulled back to a high of $0.046. The price movement has been insignificant […]
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