In the past week, after Boris Johnson was declared the winner of the December 12 UK elections, Sterling had a wild run in the hope of an easier Brexit pass. The same may not hold for Pound as during the week, with its market activity, analysts had foreseen it may not trend higher. In the […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish In the last sideways trend, Litecoin was fluctuating between the levels of $42 and $50.On December 16, the bears broke the $42 support level and resumed a downtrend. The previous sideways trend has been terminated as Litecoin falls […]
The much-anticipated move for Bitcoin finally came yesterday, following a colossal drop below $7000 – where Bitcoin held as support for days. Now, the market is slowly leaving the $7000 zone, although we may see a retest before the next bearish surge. Currently, BTC is down by -2.58%, more drop is expected to play out. […]
Boosting followership on social media has become a regular act on the internet over the past years, especially with some public figures that are eventually involved in such activities. To some who engages in this public scenario, the motives behind their actions are mostly traced to hyping and an attempt to build trust amongst its […]
For many years now, Bitcoin’s price is known majorly for driving the entire cryptocurrency market due to its larger share of the market volume. Currently, the entire cryptocurrency market cap is estimated at $191.4 billion with BTC dominance of $66.9%. With such a volume percentage, Bitcoin has high potency to cause a lot of pressure […]
The Chief Executive Officer of MicroBT, Yang Zuoxing has been apprehended in connection with embezzlement. The apprehension was disclosed by the Shenzhen Nanshan District Prosecutor on the 12th of December and was broadcasted by the popular Chinese media house, Caixin on the 15th of December. This event is coming at a time when MicroBT is […]
Ethereum, the second-largest cryptocurrency by market cap, has continued to show a sign of weakness over the past days following November 25 recovery from $133 to $159 on December 4. Against Bitcoin, Ethereum is following the same trend. However, a bullish move is likely to play as soon as the bulls step back in the […]
EURUSD Price Analysis – December 16 The EURUSD surge last week stopped at a fairly important resistance level. On the daily chart, the horizontal level at 1.1178 proved an obstacle again. The same level had kept the pair low in the last two months. Key Levels Resistance Levels: 1.1450, 1.1280, 1.1200 Support Levels: 1.1115, 1.1090, […]
As reported by Reuters, the December 15 deadline set by the United States for the signing of a preliminary pact was reached with both countries agreeing on some certain terms: Highlights of the Preliminary Trade Deal President Trump had already threatened to impose extra tariffs on more than $160 billion Chinese goods; this will not […]
