• Latest
Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 12

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 12

April 12, 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, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 12

coinnewsdaily by coinnewsdaily
April 12, 2019
in Litecoin
0
Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 12
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. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

The launch of the eagerly awaited platform Bakkt has been postponed a few times, but the firm has continued to focus on building its team. It recently hired a former engineering executive at PayPal and Google as its chief product officer. These appointments show that the firm is able to attract talent from the traditional heavyweights, which is positive.

Blockstack is planning to launch a $50 million token sale that is SEC-qualified. If approved, this will be the first sale under the SEC Regulation A+ framework. Harvard Endowment fund is expected to participate in the purchase.   

While the blockchain and cryptocurrency space has a lot of potential, their adoption is still not widespread. A survey of 90,000 developers by the website StackOverflow shows that 80 percent of organizations are still not using blockchain. However, Frank Xiong, vice president of blockchain product development at Oracle expects 50 percent of all companies to use blockchain within the next three years.

The developments in the sector are encouraging, but the industry still lacks the full-fledged involvement of institutional players. Goldman Sachs CEO David Solomon has denied that the bank ever wanted to open a crypto trading desk, as reported by the media a few months back.

After the recent spell of profit booking, let’s see what the charts project.

BTC/USD

We were expecting Bitcoin (BTC) to rally to $5,600 and above it to $5,900 following the breakout above $5,309.31. But the digital currency turned down from $5,404.82. It is currently attempting to hold the support at $4,914.11. The 38.2 percent Fibonacci retracement of the recent upswing is also located close to this level. If the price rebounds from the current levels, it will indicate that sentiment has changed from sell on rallies to buy on dips. The immediate target on the upside is $5,600 and above it $5,900.

Both the moving averages are sloping up and the RSI is close to the overbought zone. This shows that the bulls are in command and the trend remains up.

The BTC/USD pair will turn negative if it turns down from the current level and slides below the 20-day EMA. Therefore, we suggest traders keep the stop loss on the remaining long positions at $4,600.

ETH/USD

Ethereum (ETH) declined below the breakout level of $167.32 on April 11. This is a bearish sign. After a breakout of a major pattern like the ascending triangle, we expected the $167.32 level to hold. However, the bulls are trying to defend the 20-day EMA. If they can push the price back above $167.32 quickly, it will indicate buying at lower levels.

ETH/USD

The ETH/USD pair will pick up momentum if the bulls scale above $187.98. The target remains $251.64. Our bullish view will be invalidated if the pair turns around from the current levels or from $187.98 and plummets below the 20-day EMA. Such a move will confirm that the breakout was a bull trap. For now, traders can retain the stop loss on the remaining long positions at $150.

XRP/USD

Ripple (XRP) broke below the immediate support of $0.350 and the 20-day EMA on April 11. It has again re-entered the descending channel, which is a bearish sign. The bulls are presently trying to defend the 50-day SMA.

XRP/USD

Both the moving averages have flattened out and the RSI is close to 50. This points to a consolidation in the short-term. If the XRP/USD pair rises above the resistance line of the descending channel, it might move up to $0.37835. A breakout of this level will signal a change in trend that can be bought.

However, if the pair breaks down of the 50-day SMA, it can drop to $0.27795. We do not find any reliable buy setup at the current level; hence, we are not suggesting any trade in it.

LTC/USD

Litecoin (LTC) witnessed profit booking as it failed to climb above $91 on April 10. The correction stalled at the 20-day EMA. Currently, the bulls are trying to stabilize the price around the 20-day EMA and resume the recovery.

LTC/USD

The 20-day EMA is flattening out and the RSI has dropped to just above the midpoint. This suggests consolidation in the short term. However, the long-term trend remains up as the 50-day SMA is still trending higher.

The LTC/USD pair will face resistance in the $91 to $100 zone on the upside. If this zone is crossed, the next targets to watch are $159 and above it $180. On the other hand, if the pair sinks below the 20-day EMA, it can fall to $62.450. We will watch for a couple of days before recommending long positions once again.

BCH/USD

Bitcoin Cash (BCH) dipped below the range of $272.41 to $332.58 and triggered our suggested stop loss of $265 on the remaining long positions. Currently, it is attempting to bounce back from the 20-day EMA, which is a positive sign. This shows that the bulls are keen to defend the first major support of the 20-day EMA.

BCH/USD

The BCH/USD pair can now move up to $332.58 and above it to $363.30. If the bulls push the price above this resistance, the rally can extend to $451.32. There is a minor resistance at $400 but we expect it to be crossed. Both the moving averages are trending up and the RSI is in the positive zone. This indicates that the bulls have the upper hand.

However, if the bulls fail to push the price above $332.58, the digital currency might remain range bound between $255 and $332.58 for a few days. We shall wait for a reliable buy setup to form before proposing long positions once again. The trend will favor the bears if the cryptocurrency dives below $239.

EOS/USD

As the RSI was deeply overbought, we had recommended trailing the remaining long positions with a close stop loss in our previous analysis. EOS reversed direction from the resistance line on April 10. Due to the fall, the RSI has dropped out of the overbought zone.

EOS/USD

The bulls are trying to bounce off the 20-day EMA. If successful, the EOS/USD pair might again move up to the resistance line and if that is crossed the up-move can extend to $6.8299. With both the moving averages still sloping up, the bulls are at an advantage.

Our positive view will be invalidated if the bears sink the pair below the 20-day EMA. In such a case, the digital currency might consolidate in a large range of $4.4930–$6.8299 for a few more days.

BNB/USD

Binance Coin (BNB) broke down of the ascending channel and the 20-day EMA on April 11, but buying on dips has again pushed the price back above the 20-day EMA, which is a positive sign. It shows that the bulls continue to buy on every dip and have been defending the 20-day EMA aggressively.

BNB/USD

With the recent correction, the 20-day EMA has flattened out and the RSI has dipped back into neutral territory. This points to a range formation in the short term. Nonetheless, the long-term trend still remains up as the 50-day SMA is sloping up.

The BNB/USD pair might rise to $22 after it closes above the downtrend line. On the downside, it has strong support at the 50-day SMA. We remain positive on the pair and will suggest long positions once again at the first available opportunity. Our bullish view will be negated if the bears sink the price below the 50-day SMA.

XLM/USD

Stellar (XLM) continues to trade inside the wedge. It slipped below the 20-day EMA and triggered our recommended stop loss of $0.1130 on the remaining long position. Currently, the bulls are trying to defend the 50-day SMA.

XLM/USD

Both the moving averages are flattening out and the RSI has dipped back to the neutral zone. This points to a consolidation in the near term. The XLM/USD pair has support at the uptrend line and resistance at $0.14861760. It will pick up momentum and signal a trend change if it sustains above $0.14861760. Until then, we remain neutral on the digital currency.

ADA/USD

Cardano (ADA) turned around from the overhead resistance of $0.094256 and plunged below the support at $0.082952 on April 11. The down move triggered our suggest stop loss at $0.080 on the remaining long positions. It is currently attempting to bounce off the 20-day EMA, which is a positive sign. The bulls will again try to ascend the overhead resistance of $0.094256. If successful, the target on the upside is $0.20 with a minor resistance at $0.112598

ADA/USD

But if the ADA/USD pair turns down and dips below the 20-day EMA, it can decline to the 50-day SMA. However, with both the moving averages still sloping up and the RSI in positive territory, the path of least resistance is to the upside. We shall watch for a couple of days and recommend entering long positions once again if we find a reliable buy setup.

TRX/USD

Tron (TRX) plunged back into the range on April 11. This is the third time the digital currency has re-entered the range after breaking out of it this year. It shows that demand dries up at higher levels.

TRX/USD

After the sharp fall on April 11, the TRX/USD pair is trying to take support close to the 50-day SMA. If the bulls push the price back above $0.02815521, it will be a positive development. The pair will pick up momentum after it crosses $0.03575668. The target levels to watch on the upside are $0.040 and above it $0.0480.

However, if the price fails to bounce off the current levels, it can plummet below the 50-day SMA to $0.02094452. Therefore, we suggest traders retain the stop loss on the long positions at $0.0240.

Мarket data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.



Credit: Source link

Tags: Litecoin
Share76Tweet48
Previous Post

Ethereum Core Developers Debate Benefits of More Frequent Hard Forks

Next Post

ING Bank Is Bringing Bitcoin ‘Bulletproofs’ to Private Blockchains

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
ING Bank Is Bringing Bitcoin ‘Bulletproofs’ to Private Blockchains

ING Bank Is Bringing Bitcoin 'Bulletproofs' to Private Blockchains

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)$23,106.001.08%
  • ethereumEthereum(ETH)$1,597.291.63%
  • tetherTether(USDT)$1.00-0.07%
  • binancecoinBNB(BNB)$307.151.22%
  • rippleXRP(XRP)$0.4115860.95%
  • cardanoCardano(ADA)$0.3887764.14%
  • dogecoinDogecoin(DOGE)$0.0875722.62%
  • matic-networkPolygon(MATIC)$1.145.30%
  • okbOKB(OKB)$39.4610.41%
  • solanaSolana(SOL)$24.432.15%
  • polkadotPolkadot(DOT)$6.572.67%
  • shiba-inuShiba Inu(SHIB)$0.0000122.68%
  • litecoinLitecoin(LTC)$88.621.82%
  • tronTRON(TRX)$0.0631882.29%
  • daiDai(DAI)$1.00-0.02%
  • cosmosCosmos Hub(ATOM)$13.705.74%
  • leo-tokenLEO Token(LEO)$3.987.35%
  • chainlinkChainlink(LINK)$7.394.47%
  • moneroMonero(XMR)$179.855.38%
  • ethereum-classicEthereum Classic(ETC)$21.971.93%
  • bitcoin-cashBitcoin Cash(BCH)$134.240.70%
  • stellarStellar(XLM)$0.0933632.18%
  • crypto-com-chainCronos(CRO)$0.0818462.92%
  • filecoinFilecoin(FIL)$5.431.46%
  • algorandAlgorand(ALGO)$0.2616697.62%
  • vechainVeChain(VET)$0.0248164.86%
  • internet-computerInternet Computer(ICP)$6.015.08%
  • aaveAave(AAVE)$86.900.13%
  • eosEOS(EOS)$1.11-0.12%
  • theta-tokenTheta Network(THETA)$1.116.45%
  • elrond-erd-2MultiversX(EGLD)$44.933.67%
  • tezosTezos(XTZ)$1.156.01%
  • paxos-standardPax Dollar(USDP)$1.000.02%
  • bitcoin-cash-svBitcoin SV(BSV)$44.08-1.74%
  • huobi-tokenHuobi(HT)$5.111.37%
  • havvenSynthetix Network(SNX)$2.494.99%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.001.71%
  • iotaIOTA(MIOTA)$0.2432245.94%
  • makerMaker(MKR)$682.115.23%
  • zcashZcash(ZEC)$46.390.87%
  • neoNEO(NEO)$8.333.17%
  • dashDash(DASH)$51.431.98%
  • zilliqaZilliqa(ZIL)$0.0302759.66%
  • basic-attention-tokenBasic Attention(BAT)$0.2693184.56%
  • compound-governance-tokenCompound(COMP)$57.007.88%
  • nemNEM(XEM)$0.0397704.44%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.078.03%
  • bitcoin-goldBitcoin Gold(BTG)$17.670.71%
  • qtumQtum(QTUM)$2.714.67%
  • wavesWaves(WAVES)$2.7113.52%
  • sushiSushi(SUSHI)$1.343.28%
  • golemGolem(GLM)$0.2538220.33%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,653.063.02%
  • omisegoOMG Network(OMG)$1.525.16%
  • ontologyOntology(ONT)$0.2207262.76%
  • digibyteDigiByte(DGB)$0.0110560.24%
  • umaUMA(UMA)$2.071.34%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%