• Latest
Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Bitcoin SV: Price Analysis, March 1

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Bitcoin SV: Price Analysis, March 1

March 1, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Litecoin

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Bitcoin SV: Price Analysis, March 1

coinnewsdaily by coinnewsdaily
March 1, 2019
in Litecoin
0
Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Bitcoin SV: Price Analysis, March 1
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

Social media giant Facebook plans to leverage its massive user base of more than 2.7 billion for the success of its crypto project that aims to integrate Instagram, Facebook Messenger and WhatsApp under one canopy.

According to the New York Times’ sources, the cryptocurrency will be a stablecoin that will be pegged to the fiat currencies of three nations. This project will introduce a digital currency to a massive audience and might get the users interested in this niche space, which will be positive for the other cryptocurrencies.

While retail investors are skeptical about entering the crypto space due to the prolonged bear market, the institutional players are using the current low valuations across the board to invest.

Bloomberg reported that Singapore’s Government Investment Corporation (GIC), with more than $100 billion in assets, was one of the investors in the Series E equity financing round of crypto exchange Coinbase. The entry of such large investors is good news for the future of the crypto space.

Any new technology takes time to gain widespread acceptance. As the spectrum of use cases for the blockchain technology increases, they will evolve into something larger, said Christine Moy, executive director and head of the blockchain center of excellence at JPMorgan Chase.

BTC/USD

Bitcoin (BTC) again took support at the downtrend line on Feb. 27, which is a positive sign. As long as the price remains above both of the moving averages, the probability of a gradual rise to $4,255 will be high.

Currently, the 50-day SMA is flat, but the 20-day EMA has started to trend up, and the RSI is also in the positive territory, which suggests that the bulls have the upper hand in the short term.

A break out of $4,255 will complete a double bottom pattern and is likely to attract short covering. The minimum target objective of this setup is $5,273.91. Therefore, we suggest traders buy the remaining position on a close (UTC time frame) above $4,255.

For now, the traders can retain the stops on their long positions just below the current yearly low of $3236.09.

However, if the bulls fail to push the BTC/USD pair above $3,900, it can slump to the 50-day SMA, and below it to $3,355. The downtrend will resume if the price dives below the support zone of $3,236.09–$3,355.

ETH/USD

Ethereum (ETH) dipped below the 20-day EMA on Feb. 27, but managed to close (UTC time frame) above it. This shows demand at lower levels. However, unless the bulls carry the price above $145 quickly, the bears will again try to break down the support.

ETH

If the ETH/USD pair breaks down of the 20-day EMA, the fall can extend to the 50-day SMA, and below it to $116.3. This is a strong support and it might hold, otherwise the fall can reach $102.49. The traders can hold the remaining long positions with the stop loss at $125.

On the other hand, if the price scales above $145, a rally to $167.32 will be probable. If this resistance is also crossed, the cryptocurrency will pick up momentum.

XRP/USD

Ripple (XRP) took support close to $0.2950 on Feb. 27. This is the third time in the past five days that the bulls have held on to this level. If they succeed in pushing the price above $0.33108, it will be a bullish sign. The next level to watch on the upside is $0.40. The traders can keep the stops on the long positions below $0.27795.

XRP

Conversely, if the XRP/USD pair fails to break out of $0.33108, it can remain range bound between $0.27795 and $0.33108 for the next few days. The flattening moving averages and the RSI close to the midpoint point to a consolidation.

The trend will turn negative if the bears sink the pair below the critical support zone of $0.24508–$0.27795.

EOS/USD

EOS is sandwiched between the 20-day EMA and $3.8723. It has to scale above the overhead resistance to pick up momentum.

Both of the moving averages are gradually trending up, and the RSI is in the positive zone, which shows that the path of least resistance is to the upside. Therefore, traders can keep a stop loss of $2.90 on the remaining long positions. The target objective is $4.4930, and the next one above it is $5.5.

EOS

If the bears defend the overhead resistance and plunge the EOS/USD pair below the 20-day EMA and $3.2081, the trend will turn negative. A break below the 50-day EMA can result in a dive to the critical support of $2.1733. We should get a strong directional move within the next few days.

LTC/USD

Litecoin (LTC) has found buying support at the 20-day EMA and has moved up to the overhead resistance at $47.2460. If the bulls succeed in sustaining above this resistance, a rally to $53.4, and above it to $60, will be possible. Therefore, traders can keep a stop loss of $40 on the remaining long positions.

LTC

The 20-day EMA has started to turn up, the 50-day SMA is also sloping up, and the RSI is in the positive territory, which shows that the bulls have the upper hand.

Our bullish view will be invalidated if the LTC/USD pair reverses direction from the current levels and breaks below the 20-day EMA and $40.

BCH/USD

Bitcoin Cash (BCH) has held the 50-day SMA support twice in the past five days but is yet to bounce off sharply from it.

BCH

If the bulls push the price above $140, a rally to $160 will be likely. A break out of $160 will indicate bullishness that can carry the BCH/USD pair to $177, and above it to $220. Hence, the traders holding long positions can keep the stop loss at $116.

Our bullish view will be negated if the price slips below the 50-day SMA and plummets below $105. Currently, both of the moving averages are flat and the RSI is at the midpoint, both of which point to a consolidation in the near term.

XLM/USD

Stellar (XLM) has been trading close to the 20-day EMA for the past four days. While it is yet to break out of $0.10, the positive sign is that it has not broken down of the downtrend line.

XLM

A break out of $0.10 will indicate strength that can push the price towards the overhead resistance of $0.13427050. If the sentiment across the sector turns positive, traders can attempt this trade with a stop loss of $0.08.

Nonetheless, if the XLM/USD pair turns down from the current levels and plunges below the downtrend line and the support at $0.07256747, the downtrend will resume.

TRX/USD

Tron (TRX) has been stuck between the downtrend line and the horizontal support at $0.0230 for the past four days. The failure of the bulls to scale above the downtrend line shows a lack of demand at these levels.

TRX

A break out of the downtrend line and the 50-day SMA will propel the price back to the overhead resistance of $0.02815521. A break out of this level can start a new uptrend. Hence, we shall wait for the price to sustain above the range and then suggest long positions in it.

However, if the TRX/USD pair breaks down of the support at $0.0230, it can slide to $0.02113440, and below it to $0.01830000. We expect volatility to pick up in the next few days.

BNB/USD

Binance Coin (BNB) is in an uptrend and is looking strong. It has bounced off the 20-day EMA and is on its way to breaking out of the overhead resistance at $12. If successful, it is likely to pick up momentum and rally to $15, and above that to $18.

We like the way the 20-day EMA provided a strong support. Because of that, we suggest long positions above $12, with a stop loss of $9.

BNB

Conversely, if the BNB/USD pair fails to break out of the critical overhead resistance of $12, it might remain range bound between $10 and $12 for the next few days.

The support levels to watch on the downside are the 20-day EMA, and if that breaks, the next support is at the 50-day SMA. If both of the moving averages fail to provide support, the trend will turn down.

BSV/USD

Bitcoin SV has been holding the 20-day EMA for the past two days, but it is yet to rebound from it.

BSV

If the BSV/USD pair bounces off the current levels and moves above $77.035, it will turn positive and can rally to $90, and above it to $102.58. Therefore, we suggest long positions above $78 with a target objective of $102.580.

On the other hand, if the bears sink the digital currency below the 20-day EMA and $65.031, it will retest the support zone of $58–$60.

The market data is provided by the HitBTC exchange. The charts for the analysis are provided by TradingView.



Credit: Source link

Tags: Litecoin
Share76Tweet48
Previous Post

Tech Giants Are Embracing A Diverse Range of Blockchain Projects

Next Post

$100 Million Short: QuadrigaCX Audit Can’t Account for 26K Missing Bitcoin

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

Bitcoin Will Overtake Gold’s MarketCap in 9 years, Says Bobby Lee |
Bitcoin

Sell or hodl? How to prepare for the end of the bull run, Part 2

April 10, 2022
How to prepare for the end of the bull run, Part 1: Timing
Bitcoin

How to prepare for the end of the bull run, Part 1: Timing

April 3, 2022
Bull or bear market, creators are diving headfirst into crypto
Alt Coin

Bull or bear market, creators are diving headfirst into crypto

April 2, 2022
crypto listing and delisting announcements: week 9
Alt Coin

Crypto Listing and Delisting Announcements: Week 9

February 28, 2022
unstable markets how to invest in cryptocurrency
Alt Coin

How to invest in cryptocurrency when the market is uncertain, explained

December 21, 2021
be your own banker secrets
Alt Coin

Bitcoin and Crypto Wallet Hygiene 101

November 22, 2021
Load More
Next Post
$100 Million Short: QuadrigaCX Audit Can’t Account for 26K Missing Bitcoin

$100 Million Short: QuadrigaCX Audit Can't Account for 26K Missing Bitcoin

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$21,272.000.09%
  • ethereumEthereum(ETH)$1,210.33-1.13%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$236.97-0.57%
  • rippleXRP(XRP)$0.362308-0.33%
  • cardanoCardano(ADA)$0.490590-2.46%
  • SolanaSolana(SOL)$40.45-1.80%
  • polkadotPolkadot(DOT)$8.02-1.81%
  • dogecoinDogecoin(DOGE)$0.0677920.96%
  • Shiba InuShiba Inu(SHIB)$0.0000128.25%
  • daiDai(DAI)$1.000.24%
  • tronTRON(TRX)$0.064737-2.50%
  • leo-tokenLEO Token(LEO)$5.901.34%
  • matic-networkPolygon(MATIC)$0.60-0.80%
  • litecoinLitecoin(LTC)$58.915.98%
  • FTXFTX(FTT)$27.583.36%
  • OKBOKB(OKB)$13.235.22%
  • chainlinkChainlink(LINK)$6.99-2.88%
  • CronosCronos(CRO)$0.1264500.02%
  • stellarStellar(XLM)$0.125874-1.12%
  • cosmosCosmos Hub(ATOM)$8.584.96%
  • algorandAlgorand(ALGO)$0.346019-1.00%
  • moneroMonero(XMR)$124.47-2.62%
  • ethereum-classicEthereum Classic(ETC)$16.26-1.94%
  • bitcoin-cashBitcoin Cash(BCH)$114.37-3.01%
  • vechainVeChain(VET)$0.0258810.57%
  • Internet ComputerInternet Computer(ICP)$6.12-0.37%
  • theta-tokenTheta Network(THETA)$1.452.81%
  • ElrondElrond(EGLD)$61.89-1.37%
  • tezosTezos(XTZ)$1.51-0.57%
  • filecoinFilecoin(FIL)$6.03-2.46%
  • bitcoin-cash-svBitcoin SV(BSV)$63.93-0.70%
  • eosEOS(EOS)$1.00-0.26%
  • AaveAave(AAVE)$68.870.83%
  • makerMaker(MKR)$1,027.06-1.97%
  • paxos-standardPax Dollar(USDP)$1.000.16%
  • huobi-tokenHuobi(HT)$5.50-0.65%
  • zcashZcash(ZEC)$66.82-3.62%
  • iotaIOTA(MIOTA)$0.301452-2.70%
  • zilliqaZilliqa(ZIL)$0.0488045.97%
  • neoNEO(NEO)$9.57-0.41%
  • havvenSynthetix Network(SNX)$2.86-6.87%
  • wavesWaves(WAVES)$6.38-0.92%
  • basic-attention-tokenBasic Attention(BAT)$0.419701-3.97%
  • dashDash(DASH)$51.37-0.31%
  • KusamaKusama(KSM)$56.31-0.66%
  • PancakeSwapPancakeSwap(CAKE)$3.32-1.06%
  • nemNEM(XEM)$0.042462-1.69%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$50.5411.69%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$3.09-1.33%
  • bitcoin-goldBitcoin Gold(BTG)$17.53-0.78%
  • omisegoOMG Network(OMG)$2.00-0.20%
  • golemGolem(GLM)$0.2501020.32%
  • SushiSushi(SUSHI)$1.25-3.54%
  • ontologyOntology(ONT)$0.243814-1.88%
  • yearn-financeyearn.finance(YFI)$6,691.46-8.87%
  • umaUMA(UMA)$2.82-4.20%
  • digibyteDigiByte(DGB)$0.0111290.23%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....