On the back of the increased offered position in the dollar, the pair trades in new multi-week highs as investors analyze Powell’s post-Jackson Hole remarks and cautionary message, while month-end flows add to the USD’s gloom. Dollar selling resumes today, with the EUR/USD finally breaching through the 1.18 level. The NZD, on the other hand, […]
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Many individuals throughout the world believe that the current monetary system is too outdated and should be digitalized. The ideal way to digitalize the bank-controlled monetary system is to use a decentralized Currency, such as cryptocurrency. Cryptocurrency is a digital asset that may be used to purchase products and services both online and offline, with […]
Read moreKey HighlightsLTC/USD is in a downward correction between $163 and $190Litecoin is trading at $170 high Litcoin ( LTC) Current StatisticsThe current price: $171.02Market Capitalization: $14,418,302,165Trading Volume: $2,274,197,774Major supply zones: $400, $420, $440Major demand zones: $200, $180, $160 Litecoin (LTC) Price Analysis August 31, 2021Litecoin’s (LTC) price is in a sideways trend below the $190 […]
Read moreEURCHF Price Analysis – August 31 EURCHF is approaching a critical zone and it is expected to reverse its direction. The market appears to be ranging between the 1.08410 resistance key level and the 1.07150 support key level. The bulls and bears continue to battle for dominance as price approaches this level, producing a double […]
Read moreUSDCHF Price Analysis – August 30 In early European trading hours on Tuesday, the US dollar fell against the Swiss franc. The pair retraced back beneath the 0.9150 regions and recorded a low of 0.9130 at the time of this post. The US Dollar Index (DXY) rises in perfect sync with the benchmark 10-year rates, […]
Read moreADA Price Analysis – August 31 Bullish trend may be halted at the resistance level of $3.0 and it may face the support levels at $2.6, if it is penetrated, $2.3 and $1.8 levels may be the target. In case the bulls defend the $2.6 level, price may continue its bullish movement towards $3.0, $3.3 […]
Read moreSolana (SOL) continues to clear new record highs despite the mild market-wide bearish sentiment. Analysts suggest that several fundamental factors are behind the recent boom in SOL. One of such factors is the unveiling of the ‘Ignition’ event scheduled to take place later today till October 8. Given the buzz around it, this event could […]
Read moreWhile Bitcoin (BTC) continues to struggle below the $50,000 mark, reports show that the network has recorded significant transaction volume. On-chain analytics provider Glassnode recently revealed that the weekly transaction volume on the BTC network has surged to a record high, while the number of token holders steadily recovers. According to the report, the average […]
Read moreKey Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD has been in a sideways move since July. Today, the Pound is rising upward after falling to level 1.3620. In July, the market retested the low of 1.3620 and resumed upward to level 1.4000. Today, buyers are pushing the […]
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