Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.
Key HighlightsLTC resumes downward correctionLitecoin declines, may reach the previous low at $164 Litecoin (LTC) Current StatisticsThe current price: $170.05Market Capitalization: $14,302,410,670Trading Volume: $2,656,506,834Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis October 12, 2021Litecoin’s (LTC) has resumed a downward move after buyers fail to break above the $180 […]
STELLAR Price Analysis – October 13 Stellar price may break up the $0.35 resistance level provided the bulls increase their momentum, it may increase to $0.48 provided the bulls are able to push the price above the resistance level of $0.42. XLM/USD Market Key Levels: Resistance levels: $0.35, $0.42, $0.48 Support levels: $0.30, $0.24, $0.19 […]
EURCHF Price Analysis – October 12 EURCHF buyers fail to maintain their hold above the 1.08360 key level and the market has taken a nosedive to 1.07230. On its way down, the price was intercepted at various significant levels which including the 1.07830 and the 1.07390 levels. The failure of buyers to keep a hold […]
The Euro is weakening following dismal German sentiment data, while the Pound is being supported by job statistics. As traders anticipate the next moves in US rates and stocks, the dollar is weak. The Yen selloff sentiment in the markets has remained mostly unchanged. However, the majority of buying has turned to commodity currencies, driven […]
ADA Price Analysis – October 12 In case the support level of $1.87 is retested, it may be penetrated, and expose the price to $1.64 and $1.46. In case the bulls’ momentum becomes stronger and the resistance level of $2.30 is penetrated, then, $2.68 and $3.0 may be tested. ADA/USD Market Key Levels: Resistance levels: […]
USDCHF Price Analysis – October 12 The USDCHF pair recovered an intraday slide to 0.9257 and was last seen lingering past the 0.9300 level, at the high end of its daily trading range. The safe-haven Swiss franc was impacted by a relatively good comeback in US equities futures, which was considered as a crucial element […]
Nasdaq-listed Bitfarms, a Bitcoin mining company, announced last week that it has initiated the creation of a “mega Bitcoin mining farm” in Argentina. Bitfarm noted that the facility would have the capacity to power thousands of miners using electricity obtained through a contract with a private power company. The facility will deliver over 210 megawatts […]
According to on-chain data, retail traders have not returned on the Bitcoin (BTC) scene despite the recent +35% rally. Google Trends data shows that queries about BTC, which is typical in market conditions like presently, are nowhere close to conventional heights. Reports show that the number of “Bitcoin” queries on Google is at relative lows […]
Key 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 downward move since June 11. The Pound has been falling from the high of level 1.4200 to 1.3400. At the low of 1.3400, the Pound corrected upward. The upward correction was stalled at level 1.3700 […]
