Litecoin (LTC) Turns Down, May Likely Move Up

Key Resistance Levels: $70, $80, $90
Key Support Levels: $50, $30, $10

LTC/USD Price Long-term Trend: Bearish
Litecoin made an impressive run as the bulls reached a high of $62. Unfortunately, the coin fell as the bulls could not sustain the upward move. The coin is falling and has reached a low of $55. The market is expected to hold at the support of $55 because it is a historical price level. However, support has been holding for the past five days.

On January 19, the price bounces off but was insufficient as the selling pressure resumes. If the bears break below $55, stronger support will ensue where the coin will bounce back. On the upside, if the price bounces, the market will reach a high of $66. At this price level, the momentum will extend to $80. On the downside, if the bears break the low of $55, the coin will drop to $53.

LTC/USD - Daily Chart

Daily Chart Indicators Reading:
Litecoin is trading below 80% of the daily stochastic which indicates that the price is in bearish momentum. However, the bearish momentum is unsteady as the stochastic bands are making a U-turn. The 21-day SMA and 50-day SMA are pointing upward indicating the uptrend.

LTC/USD Medium-term bias: Bearish
On the 4 hour chart, the bulls reached a high of $62.50 but made a retest before making a downward move. The coin fell to a low of $55 and pulled back to retest the high of $60. The support at $55 is presumed to hold. The upward move will resume if the support holds.

LTC/USD - 4 Hour Chart

4-hour Chart Indicators Reading
The Relative Strength Index period 14 level 41which indicates that the coin is in the range-bound zone. The bears also break the trend line which also means that the bullish trend has been terminated.

General Outlook for LTC
Litecoin is still trading above the 21-day SMA and 50-day SMA. When the price bars are below the EMAs, the tendency to fall is there. Presently, the price is still fluctuating above the support at $55. The upward movement will resume if the bulls defend the current support.

LTC Trade Signal
Instrument: LTC/USD
Order: Buy
Entry price: $55
Stop: $50
Target: $80

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Bitcoin: Upcoming Halving and What to Expect

Bitcoin’s upcoming halving will be one of the most followed crypto-related occasions in the year 2020. Thousands of cryptocurrency enthusiasts will be observing the markets eagerly to witness what effect this year’s halving will have on the cryptocurrency.

Many believe that the occasion would have a positive effect on BTC’s price as has been observed in the past.

On the other hand, some are expecting the price to drop dramatically after the occasion.

Whatever the result may be, it is apparent that this occasion will be a defining juncture for Bitcoin.

In this review, we breakdown what the Bitcoin halving is all about, some effects of this occasion, historic occurrences, and what to anticipate from this year’s halving occurrence.

Bitcoin was built on a system that mandates regular halving (also known as Halvenings) to sustain its value. The halvings are programmed to happen every 4 years. Already, Bitcoin has witnessed two halving processes, the first in 2012, and the other in 2016. The next halving process is scheduled for the 20th of May 2020.

Bitcoin’s Value Preserving Strategy
Bitcoin runs on a deflationary economic model which ensures that over time, lesser and lesser Bitcoin tokens will be created until finally, the creation of new Bitcoin tokens will end.

BTC’s total supply is capped at 21 million, meaning that it is impossible to have more than that exact number of Bitcoin token in circulation at any point in time. It has been estimated that the very last Bitcoin token will be mined in the year 2140.

Bitcoin’s deflationary model predisposes it to scarcity which increases in demand, thereby causing its value to increase as well.

This model is different from traditional fiat which is based on an inflationary model, this means that banks can instruct for the printing of more banknotes at will. This is not an ideal practice per se as a boost in the volume of banknotes in circulation could result in the devaluation of that currency.

Bitcoin’s “Block Reward” System
New Bitcoin tokens are pumped into the market through a popular process known as cryptocurrency “mining”. Bitcoin miners get rewarded with a Bitcoin “block” allotment every time they successfully solve transactions. The blocks are allotted by the Bitcoin algorithm.

The block rewarding process happens every ten minutes. So in fact, ten minutes from this moment, new Bitcoin tokens will be created.

Mining is not an easy process. It requires a certain level of expertise, specific hardware, and a serious quantity of electricity.

After the inception of Bitcoin, the first mining reward was fifty Bitcoin. This meant that every ten minutes, a Bitcoin miner received fifty Bitcoin tokens for solving transactions.

That number has since been halved, twice, and is now at 12.5 Bitcoin token per block reward. By May this year, the halving will bring that figure down to 6.25 Bitcoin token per block reward.

This feature has been pre-programmed into Bitcoin’s system.

What This Could Mean for Mining
Lesser block rewards are not the only reason Bitcoin is scarce. It has gotten significantly harder to mine Bitcoin and receive rewards. This is because mining is now more difficult as more miners are entering the system thereby increasing competition.

Consequently, an increase in competition means miners require more sophisticated tools to solve cryptographic Algos.

Over the years, miners have created what is known as “mining pools” to better handle the rising competition of mining. Mining pools are a network of miners, collectively working towards achieving block rewards.

Block rewards in mining pools are distributed according to the percentage of effort put into earning a block.

Improved Stock-To-Flow Ratio
Halvings have several profitable impacts on Bitcoin. One such effect is that it boosts the Stock-To-Flow ratio of Bitcoin.

A commodity’s STF ratio is calculated by dividing the quantity of the asset held in reserves, by the quantity manufactured in a year. The greater the STF ratio, the lesser the annual inflation on that asset.

Commodities like gold possess a very impressive STF ratio as its available quantity is limited.

Presently, Bitcoin has a significantly lesser STF ratio, unlike gold. Regardless, more halving occasions will boost the Bitcoin’s STF ratio. It is even believed that someday, Bitcoin will surpass gold in the STF ratio rating and will be an even better store of value. This is probably why Bitcoin is dubbed “digital gold”.

After-Effects of Previous Halvenings
2012’s Halving
The first Bitcoin halving happened on the 28th of November. On that day, the cryptocurrency recorded a 6.5% trade range.

Regardless, to the surprise of many, the price remained at a consolidated state months after the occasion. This was partly because Bitcoin was still in its infancy and so, not many people were engaged with it. Also, media coverage at the time was not what it is today, which means many people were not informed of what was going on.

Based on the information on Bitcoin’s BNC Liquid Index, the price of BTC attained a high of about $32 on the 8th of June 2011.

The price of BTC never broke above the $32 mark until the 28th of February 2013 (4 months later), where price witnessed a climb to $260 after which a drop was experienced and the price stayed below that level for several months.

Fast forward to the 30th of November 2013 (close to a year after the 2012 halving), Bitcoin rallied dramatically and peaked at $1,167, which was a whopping 9,686% increase from the initial price of $11 on halving.

2016’s Halving
On the 9th of July 2016, the second halving, the price peaked at $664 but did not maintain that uptrend instead fell to $626 on the same day.
Subsequently, the price continued on that downward trajectory for about three months.

However, things started looking up for Bitcoin from the 27th of October 2016 when price closed above the previous halving’s high of $664.

Bitcoin later proceeded to smash its last all-time high of $1,167 on the 23rd of February 2017. This spike started the famous bull rally of 2017 through 2018, which witnessed a peak at $20,000 sometime in December 2017.

2016’s halving shot Bitcoin’s price from $664 to $20,000 which was a growth of 2,912%.

Possible Outcomes of this Year’s Halving?
In the crypto sector, the Bitcoin halving is undoubtedly among the most talked-about and anticipated occasions of the year.

Presently, there are mixed expectations as to what the outcome of the 2020 halving may be.

Many in the crypto sector are very optimistic and believe that, just as in the past, the price will soar dramatically either before or after the occasion.

Creator of Kraken, Jesse Powell expects the price of Bitcoin to rise close to $100k or 1 million after the halving.

The CTO of Morgan Creek Digital Assets also shares the belief of Jesse and expects Bitcoin to reach the $100,000 mark by 2021. He says that scarcity is a driving force for the demand of any commodity. He explains that the 2020 halving will cause Bitcoin to be more scarce.

Other crypto players believe that this year’s occasion will not have a similar trajectory with past occasions and would, instead, mar the price of Bitcoin.

Another possible scenario that has been observed over time is the “buy and dump” case. This scenario usually plays out when there is a highly anticipated occurrence. It works exceptionally well when the upcoming occasion is sure to have a quantifiable effect on supply and demand dynamics.

The price of the asset in question experiences a huge spike just days or a few weeks to the main event. This transpires because investors stock up on the asset towards the event. After the event, however, the price of the said asset drops significantly.

This kind of activity has transpired frequently in the cryptocurrency space. One such occasion was the Bitcoin futures trading releases for the CBOE and CME.

Just a few days to the CME’s release, the price of Bitcoin rallied from $6,400 and peaked close to its all-time high of $20,000 in a day. Not surprisingly, the price dropped considerably in the period that followed those releases.

Furthermore, some cryptocurrency experts believe that the aftermath of the halving has already been priced in. It has been observed that demand is “missing” in the Bitcoin market, this could be a clear indication that the halving has been priced in.

Usually, months before a halving, a boost in demand and price of Bitcoin is always noticeable. This time, however, no increase can be observed in neither of the stated areas.

In this case, it could lead to a lateral trading period which might be a good thing for traders.

At the moment, Bitcoin is still struggling to break above the $7,200 mark and there are no signs of a reversal happening soon.

Whatever the result may be one thing is for sure, the price of Bitcoin is set to experience drastic changes this year.

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Your All-Round Guide to Security Token Offerings

Security token offerings (STOs) are one of the most revered investment options in the crypto space at the moment. It has even been termed the “future of fundraising”.

But what exactly are STOs and what is the rave all about?

This article aims to break down STOs, what it is all about, and how it can be beneficial to you.

What Exactly is a Security Token Offering?
STOs, simply put, provide a means of tokenizing fungible financial assets such as stocks, bonds, and REITs, and introduces the tokens to the public through regulated channels.

STOs are a lot like ICOs as they generally involve the same processes. However, the differentiating factor between STOs and ICOs is in the tokens being sold. With ICOs, the tokens are usually non-descriptive and could range from anything digital currencies to utility tokens. With STOs however, the token is a “security”, meaning that it is exchangeable and possesses a set monetary value.

Breakdown of Security Tokens
Security tokens function as digital versions of the assets they represent. Here’s a list of some popular security token representations:

1- Capital markets: Firms can convert their shares into tokens, allowing investors to own parts of the firm. In some cases, owners of tokens receive dividends and can execute votes on the affairs of the firm.

2- Equity funds: Equity funds can also tokenize their shares for sale.

3- Commodities: Commodities like gold, natural gas, coffee can be tokenized.

4- Real estate: The equity of this asset class can be tokenized, much like how REITs function.

STOs do not change the underlying securities, instead, it makes these assets more readily accessible on a digital platform.

Unlike other digital assets, security tokens can only be traded on certain regulated exchanges. Some exchanges require interested investors to meet some set qualifications.

Advantages of STOs
STOs are formulated with regulatory-compliance in mind, unlike ordinary token sales. Security tokens provide its owners with several legally binding rights. Some security tokens even bestow its owners with rights to dividends or other defined streams of income.

Security tokens are also beneficial to their issuers. From the onset, the entities issuing the tokens are aware that their tokens are being purchased by accredited and verified investors and so, they don’t have to worry about the credibility of their investors.

Other advantages of STOs include:

1- It is adequately regulated: Entities issuing security tokens must operate under the guidance of designated regulatory agencies in the region like SECs and FTCs.

2- You can rest assured that STOs won’t falter in the future: Unlike ICOs that cannot be guaranteed, STOs are sure to always deliver because it is properly regulated.

3- STOs offer great convenience: Procuring security tokens is easy, straightforward, and stress-free. All you need to do is to adhere to the STO requirement in your jurisdiction and you’re good to go.

4- It can be programmed: Security tokens are programmable and can be facilitated by smart contracts.

5- Automated dividend disbursement and voting: Some security tokens are structured to send dividends automatically through smart contracts. Also, some security tokens provide the bearer with exclusive voting rights in the affairs of the entity offering the tokens.

6- It is a globally accessible investment vehicle: Investors across the globe can procure security tokens regardless of their location.

7- It is not susceptible to manipulation: Considering the mode of operation STOs are run by, big players cannot manipulate its movements.

8- STOs are very liquid: It is a very promising investment option as it has an impressive liquidity quality and can be traded easily.

With benefits like these, STOs are for sure transforming the fundamentals of the financial sphere.

Disadvantages of STOs
As with every other form of investment, security tokens has its limitations and shortcomings. Some of these limits are:

1- It is considerably more costly than utility tokens: STOs, unlike ICOs, hosts many organizations in their fundraising campaigns. Also, regulatory fees are not cheap which makes it more capital-intensive to host STOs.

2- Investor Qualifications: Countries like the US have certain qualifications an investor has to scale before becoming eligible to engage STOs. According to the SEC to be an “Accredited investor”, you must have an annual income rate of $200k and above or a minimum of $1 million in the bank.

3- Specific trading conditions: STOs can only be traded on certain designated exchanges. Also, these tokens are time-bound meaning that you are allowed to trade these tokens between investors for a set period after the STO.

The Howey Test
Usually, tokens are said to be securities, by law, when they pass certain thresholds. One such way to identify a security instrument is by applying the “Howey Test”.

But first, let’s look at a piece of quick background information on how the Howey test came to be. In 1944, a citrus plantation called the Howey company of Florida leased out a large portion of its land to several investors in a bid to raise funds for much-needed developments.

The buyers of the land were not skilled or versed in citrus farming in any way and decided instead to just be “speculators” and let the experts do their jobs. The lease was made on the premise that profits would be generated for the investors by the lessor.

Not long after the business transaction the Howey company was sanctioned and accused by the United States SEC of failing to register the sale with the authority. The SEC maintained that the company was dealing with unregistered security. Howey denied the claims however, assuring that what it offered wasn’t a security.

After much debate, the case ended up in the Supreme Court, which later ruled in favor of the SEC that Howey’s land leasing were undoubtedly securities. It remarked that investors were purchasing land mainly because they saw an opportunity to make a profit off the deal. Howey was then ordered to register the sale.

This was the story of the enactment of the Howey test.

Today, per the Howey test, anything is deemed to be a security if it satisfies the following criteria:

1- The investment included money.

2- The investment was made on an enterprise.

3- Profit will be made from the efforts of the providers of the investment.

The Howey test has become a stronghold name in the crypto space. In 2017 and 2018 (during the “Heydey boom”), many ICO providers were completely consumed with scaling the Howey test as it was a major determinant used in ascertaining the legality of an ICO by the SEC. Failure to pass the test meant the offering was illegal and was sanctioned by the authorities.

Some ICOs even advertised their tokens as investment instruments that had no value, describing their tokens as “utilities” used only for interactions on the platform.

The Inception of STOs
The very first STO was released by Blockchain Capital on the 10th of April 2017. The release pooled about $10 million in one day.

Several STOs have been released following the first event including tZero, Sharespost, Aspen Coin, Quadrant Biosciences, and many more. STOs have since gained widespread acceptance and relevance in today’s market.

Understanding the Distinction Between Security Tokens and Tokenized Security
Confusing security token for tokenized securities is a common trap that people fall into. The main distinction between the two is that the former is usually a recently issued token that functions on a distributed ledger system while the latter is just a digital manifestation of pre-existing financial instruments.

Apart from similarities in appearance and nomenclature, security tokens have absolutely nothing in common with tokenized securities.

What Entities are Involved in an STO Issuance?
Assuming a business entity plans on issuing security tokens as an embodiment of equity in its establishment, the next necessary step for that business would be to involve certain players and follow certain directives.

It has to formally contact an issuance platform to serve as a medium for issuing the tokens. Popular issuance platforms include Polymath and Harbor, which consist of service providers like custodians, broker-dealers, and legal entities to carry out secure processes.

Who Can Invest in STOs?
STOs are available to the general public for the taking, regardless of location. However, as mentioned previously, the US has certain rules guiding STO investments.

In the US, it is mandatory to be an “accredited investor” before you can invest in this instrument. An accredited investor is an individual with an annual cash flow of $200k and above for at least 2 years or a net worth of $1 million and above.

More nations are starting to adopt the United States’ classification method and have begun restricting certain classes from investing in STOs.

It is advisable to always research on the STO rules and regulations of the jurisdiction you’re planning on investing with.

Final Word
STOs provide businesses with the prospect of raising funds in an easy and regulated setting. It gives both investors and issuers a good deal of benefits, while also ensuring insurances against fraudulent or malicious practices, unlike ICOs. Issuers are not limited to any industry, they can vary from several sectors including real estate, VC firms, and small and medium enterprises.

Moving forward, we will likely witness prominent firms venture into the STOs.

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TRON (TRX) Bounces, Lacks Buying Power at a Higher Price Level

Key Resistance levels: $0.025, $0.030, $0.035
Key Support Levels: $0.015, $0.010, $0.005

TRX/USD Long-term Trend: Ranging
Presently, TRON is in a bullish trend as the coin approaches the high of $0.017. The coin is also facing resistance at the same price level. In retrospect, since the last bearish impulse, TRON fell to the low of $0.012 and resumed a sideways trend. TRON has been fluctuating between $0.012 and $0.021 for the past four months. The buying power of the coin dries up at a higher price level. On the upside, if the price breaks the current resistance, the coin will reach a high of $0.021. The sideways move will continue if the resistance is unbroken.

TRX/USD - Daily Chart

Daily Chart Indicators Reading:
TRON is presently trading below 80% range of the daily stochastic. It means that the coin is in bearish momentum. The current bearish momentum is unsteady as the stochastic bands are making U-turn upward. The moving averages are showing bullish crossover as the 21-day SMA crosses over the 50-day SMA. From the Fibonacci tool, a bull candle body tested the 0.618 retracement level. This implies that TRON will trade  near the 1.618 extension level.

TRX/USD Medium-term bias: Bullish
On the 4-hour chart, TRON is in a bullish trend. In December, the coin was trading between $0.013 and $0.014 before the bullish trend. TRON reaches a high of $0.018 and after a retest at the current high; the coin drops to the low of $0.01650.

TRX/USD - 4 Hour Chart

4-hour Chart Indicators Reading
The Relative Strength Index Period 14 Level 55 indicates that the price is above the center line 50. This means that TRON is likely to rise. The 21-day SMA and the 50-day SMA are sloping upward indicating the bullish trend. The 50-day SMA provides support for TRON. On the downside, if the bears had broken the EMAs, the coin will continue the downward move.

General Outlook for TRON (TRX)
TRON at the moment has been trading at the bottom of the chart since September. The coin has been fluctuating between $0.012 and $0.021. The bulls have not been able to go above the $0.021 resistance level. This is due to a lack of buying power at a higher price level.

TRON Trade Signal
Instrument: TRXUSD
Order: Buy
Entry price: $0.017
Stop: $0.015
Target: $0.025

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Bitcoin (BTC) Sustains Hold above $8,600, Threatened by Further Selling

Key Resistance Zones: $10,000, $11,000, $12,000
Key Support Zones: $7, 000, $6, 000, $5,000

BTC/USD Long-term Trend: Bullish
Bitcoin is in a stalemate as the bulls failed to break above $9,200 resistance level on January 19. For the coin to avoid a breakdown, Bitcoin has to stay above $9,200 or $10,000 price level. Previous price action has shown that Bitcoin failed to move upward as buying dries up at a higher price level. Presently, BTC is ranging above the support zone.

On the upside, if price rises, the bulls will intend to retest the $9,200 resistance. If successful, Bitcoin will attain the $10,300 mark and avoid a price breakdown. On the contrary, if the bulls fail to rally above $9,000, the current support may be broken. The price may drop to a low of $7,800 and further selling may ensue.

BTC/USD -Daily Chart

Daily Chart Indicators Reading:
Bitcoin in the meantime is trading above zero lines of MACD. That is, when the MACD line and the signal line are above the zero lines, it is a buy signal for the coin. Meanwhile, the 12-day SMA provides strong support for Bitcoin.

BTC/USD Medium-term bias: Bullish
On the 4 –hour chart, Bitcoin is ranging above $8,600 for the past four days. The price action is characterized by small body indecisive candlesticks like the Doji and Spinning tops. At the moment the coin is falling. BTC will fall if the current support is broken by the bears.

BTC/USD - 4 Hour Chart

4-hour Chart Indicators Reading
Presently, Bitcoin is in a bearish momentum as the stochastic bands make a U-turn below the 80% range. The moving averages are on the verge of a bearish crossover. Presently, the EMAs have been broken by the bear candle. Nevertheless, the selling pressure may resume if the bears break the support line of the ascending channel.

General Outlook for Bitcoin (BTC)
It is becoming clear that the bears will take control of the price if the bulls fail to break the $9,200 resistance level. Some of the indicators are indicating partial bearish signals. The support above $8,600 has been relatively stable for Bitcoin for the past four days. The small body candlesticks on the chart describe the indecision between the buyers and sellers about the direction of the market.

BTC Trade Signal
Instrument: BTC/USD
Order: Sell
Entry price: $8,600
Stop: $8,800
Target: $8,000

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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Teenager Charged with Cryptocurrency Theft

A teenager from Montreal has been indicted for four criminal charges in connection with a $50 million SIM-swapping maneuver targeted at crypto owners, as reported by security-oriented media house Infosecurity Magazine on the 17th of January.

The 18-year-old scammer, Samy Bensaci, was indicted by the Canadian government for being a member of an infamous group responsible for stealing cryptocurrencies worth millions of dollars from both American and Canadian owners.

The heist was said to have been perpetuated in mid-2018 and Québec police have confirmed that the hackers made away with $50 million from the United States and $300k from Canada.

Some of the victims include Don and Alex Tapscott, prominent cryptocurrency investors and co-authors of award-winning book “Blockchain Revolution.”

Don has corroborated to being targeted by the criminal group but fervently denied that he was stolen from.

Bensaci was apprehended somewhere in British Columbia in November last year. However, he was granted bail the following month to the tune of $153k and was restricted from laying his hands on any internet-accessible device, and also to desist from buying or transacting any form of cryptocurrency.

The security-oriented media house also noted that one thing all of the group’s targets have in common is that they all were in attendance at the Consensus conference in New York. Rob Ross, the manager of StopSIMCrime.org and a previous sufferer of SIM-swapping mentioned that the hackers picked their targets during these conferences.

How the Fraudulent Act is Facilitated
SIM-swapping is a fraudulent practice where hackers contact and deceive telecom providers into sending the potential victims’ phone numbers to a designated SIM card owned by the hacker. This practice is very possible and is perpetuated quite often, however, telecom firms are infested with moles who use their admittance to carry out the fraudulent practice. Through SIM-swapping, hackers can circumvent almost all the protective mechanisms that are reliant on phone numbers.

As mentioned earlier, this criminal activity happens frequently and several telecom service providers have been queried for not delivering adequate security measures against the practice.

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Bitcoin (BTC) Ranges amidst Sleepy Market

Key Resistance Zones: $10,000, $11,000, $12,000
Key Support Zones: $7, 000, $6, 000, $5,000

BTC/USD Long-term Trend: Bullish
On January 19, the bulls tested the $9,200 resistance level and were resisted. The coin fell to a low of $8,400. The bulls could not sustain hold above the higher price level. Later it pulled back to $8,600 and resumed a range-bound movement. The range-bound movement is ongoing as the price movement is insignificant.

If the price falls to a low of $8,200, it may form strong support. On the upside, a bounce from such strong support will push the coin to the high of $9.500 or $10,300 price level. On the downside, if the bears sink the coin and it reaches the low of $7,800, BTC is likely to resume the downtrend.

BTC/USD - Daily Chart

Daily Chart Indicators Reading:
The market is trading below 80% range of the daily stochastic. It indicates that BTC is falling and it is in a bearish momentum. The coin has been trading in the overbought region when the selling pressure begins.

BTC/USD Medium-term bias: Bullish
On the 4 –hour chart, Bitcoin is fluctuating between $7,000 and $7,600 before the upward movement. After the initial fluctuations, the bulls broke the $7,600 but were stopped at $8,400. The resistance at $8,400 was breached as the bulls moved up to reach the previous highs.

BTC/USD - 4 Hour Chart

4-hour Chart Indicators Reading
The Relative Strength Index period 14 level 45 indicates that Bitcoin is in a range bound zone. The market is trading in a sideways trend as the price bars are forming in a horizontal pattern. If the price bars begin to form below the EMAs, the selling pressure may begin.

General Outlook for Bitcoin (BTC)
In the last 48 hours, the price movement has remained the same as the market continues its fluctuations. Bitcoin price has not changed as the coin is neither falling nor rising. It is likely the coin may encounter a breakout or breakdown. A breakout at the current price level will push the coin above the $9,200 price level. A breakdown at the current price level will sink the coin below $8,200.

BTC Trade Signal
Instrument: BTC/USD
Order: Buy
Entry price: $8,600
Stop: $8,000
Target: $9,500

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Cardano (Ada) Rallies, Will ADA Reach the $0.056 Price Level?

Key Resistance levels: $0.06, $16, $180
Key Support Levels: $80, $60, $40

ADA/USD Long-term Trend: Bullish
Cardano has been consolidating at the bottom of the chart in December above $0.030 support level. Recently, on January 14, the bulls broke above the $0.040 price level and continued the upward movement. The upward movement is ongoing as the bulls break above the $0.045 price level. The bulls are likely to face resistance at the $0.046 price level.

That level has been defended by the bears. On the upside, a break above $0.046 resistance will propel ADA to a high of $.056. At that price level, ADA will be on the verge of coming out of the downtrend zone. Conversely, if the bulls fail to break above the $0.046 resistance, ADA will be compelled to a sideways move between $0.030 and $0.045.

ADA/USD - Daily Chart

Daily Chart Indicators Reading:
Cardano is currently trading in the overbought region of the daily stochastic. That is above 80% range of the indicator. This indicates that at the overbought region ADA may face selling pressure. In other words, ADA is likely to fall. In the upward move, moving averages are indicating a bullish crossover.

ADA/USD Medium-term bias: Bullish
On the 4-hour chart, ADA is consolidating  between $0.032 and $0.036 before the current upward move. The bulls broke the resistance at $0.036 and moved upward. Later, the price pullback to retest the $0.036 support before the final upward move. The ADA has risen to a high of $0.046. The bulls have made three attempts at the overhead resistance without breaking it.

ADA/USD - 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and the 50-day SMA are trending upward indicating the bullish trend. The Relative Strength Index period 14 level indicates that the price is in the bullish trend zone. ADA is likely to rise.

General Outlook for Cardano (ADA)
Cardano is in an upward move to the previous highs. ADA is currently facing resistance at $0.045 price level. Nevertheless, at the same time, the stochastic is indicating that the coin is in the overbought region. Therefore the upward move may be interrupted and ADA may fall.

ADATrade Signal
Instrument: ADAUSD
Order: Buy Limit
Entry price: $0.042
Stop: $0.040
Target: $0.056

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CME Bitcoin Futures Options Activated, While Bitcoin’s (BTC) Price Stays Pressured

Bitcoin is currently exchanged for $ 8,631. Buyers are making every effort to ensure that the price does not exceed $ 8,600 below. Adding to selling pressure on $ 8,700 leads to resistance around the moving averages of 5 and 13. A break above $ 8,700 may take longer than expected, but when this happens, Bitcoin should be ready for more bearish actions at level $ 8000.

CME Group keeps on being a key player in the area of crypto derivatives, even though it was not the first available. To reinforce its situation in the market, CME dispatches regulated futures options on January 13, 2020. On the primary day of exchanging, CME option contracts crested over $ 2.3 million. Its rival Bakkt just figured out how to sell about $ 380,000 on the primary day of exchange. An announcement by the CME CEO after the dispatch says:

We know from experience that successful options products require a robust, liquid underlying futures market. Our CME Bitcoin futures have become one of the most liquid, listed Bitcoin derivatives products in the world over the past two years.

Most as of late, Bakkt entered the market sooner than CME with its regulated options for bitcoin futures. In any case, after the effective dispatch of its option contracts on January 13, it appears that the Chicago CME is by and by arriving at the highest point in the industry.

When CME option contracts debuted on Monday, trading volumes on the company’s opening day exceeded $ 2.3 million, more than five times the volume of Bakkt’s as main competitor, which traded just over $ 380,000.

On the eve of January 13, CME saw a surge in bitcoin futures. The first four trading days of 2020 showed that returns grew by almost 70% compared to the end of 2019. Analysts from J.P. Morgan was quick to associate this increase with the launch of the upcoming option, saying that it was expected.

The explanation behind the fanfare might be that asset underlying the CME option isn’t Bitcoin (BTC) itself, yet Bitcoin futures. options give dealers the chance to support their risk on the underlying resources, and futures are innately dangerous. In this manner, the forthcoming hedging capacity may clarify why such a large number of traders looked to get the fundamental resource.

BTC/USD Price Rage Continues in a Lackluster Trend
BTC / USD ran into bears for two days in a row, trading beneath the $ 9,000 level. This Monday, BTC / USD plunged from the level at $ 8,734 to $ 8,504.06. Currently, the price of the digital currency has risen to $ 8,625.71 level.

In the future, the pair BTCUSD may begin testing the support level of $ 8,000, with emphasis that the level of $ 8500 may be broken with certainty. BTCUSD bulls may push the cryptocurrency from a more striking level on the off-chance it targets the level of $ 8,000.

The BTCUSD stays bullish as long as it’s trending past the level of $ 8500, the key resistance is on the level at $ 9000 and $ 9,200.

However on the off-chance, the BTCUSD pair is trending beneath the $ 8,500 level, bears may test support levels of $ 8,000 and $ 7,700.

Supply Levels: $ 8,500, $ 8,200, $ 8,000

Demand Levels: $ 9,200, $ 9,000, $ 8,800

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Thai SEC’s Coveted Licensing

Thailand’s Securities and Exchange Commission has endorsed a coveted exchange license to popular Asian trading platform Zipmex.

Based on news published on the 20th of January, Thailand’s Ministry of Finance together with the SEC has endorsed Zipmex for the license, which instills stringent regulatory prerequisites on applicants.

To get licensed, aspirants must prove beyond a doubt that they possess a stable and huge financial standing, and conduct affairs with outstanding principles in their cybersecurity operations.

According to Thai rules, trading service providers that have obtained licensing gets categorized as financial institutions and are mandated to obey set Anti-money Laundering requirements.

The Doors Are Open for All Kinds of Investors
Based on the news publication, about 30 cryptocurrency exchanges have applied for licensing with the SEC, however, 2 have already been turned down based on inadequate KYC policies and security.

The license was inaugurated as part of the nation’s regulatory scheme for cryptocurrencies, which brought about the launch of the first legitimate ICO in October last year.

Zipmex has named members of its advisory board and is said to consist of several prominent national personnel.

The trading service provider just recently secured an agreement with AEC Securities in Thailand, a firm that specializes in securities, brokerage, and investment banking, to aid it in drawing in retail and institutional investors in the nation.

With the newly obtained licensing, Zipmex plans on commencing operations in Thailand soon. The firm had previously released a country-centric program in Australia, Singapore, and Indonesia.

The trading service provider also successfully rounded off a $3 million fundraising in 2018.

A Change of Heart
Even though Thailand attempted to place an embargo on Bitcoin in 2013, they are proving to have undergone a re-orientation towards cryptocurrencies and are now more welcoming to the cryptocurrency industry, and are slowly regaining the trust of the crypto community.

Thailand’s SEC has also given licenses to 4 other crypto-related companies in January 2019.

This approval opened the door for the amendment of the nation’s Securities and Exchange Act a month later.

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