LTC and EOS – Further lows are expected
LTC/USD
From Monday’s high at $55.776 the price of Litecoin has decreased by 15.34% measured to yesterday’s low at $47.218. Since then we have seen a minor recovery with the price currently being traded around $49.419.
Read more: https://blog.fxopen.com/ltc-and-eos-further-lows-are-expected/
Topic: Cryptocurrency Analytics from FXOpen - page 13. (Read 42644 times)
Best Cryptocurrency to Invest – 2019 Edition
Cryptocurrencies appeared out of nowhere, and their growing popularity took many by surprise. The early believers made and lost fortunes then made and lost them again, due to the extreme volatility governing the industry.
Lately, the cryptocurrency market calmed a bit, signaling a more mature approach by both investors and traders. Every cryptocurrency trader keeps thinking on the late 2017 rally when virtually all cryptocurrencies advanced in parabolic moves. Bitcoin, the leading cryptocurrency, almost reached $20000, making a lot of traders wealthy beyond their wild imagination.
Obviously, the parabolic advance brought attention to the media, and the FOMO (Fear Of Missing Out) made people buying right before the peak. The market corrected ever since, but investors still believe crypto is the future of money.
If that’s the case, what is the best cryptocurrency to invest in? At the end of last year, there were over 1600 cryptocurrencies, and the number rose to 2322 in late July 2019.
One can’t trade them all. It’s impossible to spread an investment having so many options. However, picking the right ones to build a crypto portfolio might just be the appropriate way to invest.
Here’s a guide for choosing the best crypto to invest in 2019.
Read more: https://blog.fxopen.com/best-cryptocurrency-to-invest-2019-edition/
Cryptocurrencies appeared out of nowhere, and their growing popularity took many by surprise. The early believers made and lost fortunes then made and lost them again, due to the extreme volatility governing the industry.
Lately, the cryptocurrency market calmed a bit, signaling a more mature approach by both investors and traders. Every cryptocurrency trader keeps thinking on the late 2017 rally when virtually all cryptocurrencies advanced in parabolic moves. Bitcoin, the leading cryptocurrency, almost reached $20000, making a lot of traders wealthy beyond their wild imagination.
Obviously, the parabolic advance brought attention to the media, and the FOMO (Fear Of Missing Out) made people buying right before the peak. The market corrected ever since, but investors still believe crypto is the future of money.
If that’s the case, what is the best cryptocurrency to invest in? At the end of last year, there were over 1600 cryptocurrencies, and the number rose to 2322 in late July 2019.
One can’t trade them all. It’s impossible to spread an investment having so many options. However, picking the right ones to build a crypto portfolio might just be the appropriate way to invest.
Here’s a guide for choosing the best crypto to invest in 2019.
Read more: https://blog.fxopen.com/best-cryptocurrency-to-invest-2019-edition/
BTC/USD and XRP/USD showing sings of bullishness
BTC/USD
Last Friday, the price of Bitcoin has been sitting around $7913 at its lowest point as it was in a downtrend all throughout last week. But since the price retested the 1.272 Fibonacci level it started increasing again and managed to recover by 4.72%, coming to $8300 at its highest point today.
Read more: https://blog.fxopen.com/btc-usd-and-xrp-usd-showing-sings-of-bullishness/
BTC/USD
Last Friday, the price of Bitcoin has been sitting around $7913 at its lowest point as it was in a downtrend all throughout last week. But since the price retested the 1.272 Fibonacci level it started increasing again and managed to recover by 4.72%, coming to $8300 at its highest point today.
Read more: https://blog.fxopen.com/btc-usd-and-xrp-usd-showing-sings-of-bullishness/
LTC AND EOS – IMPULSIVENESS SEEN, FURTHER INCREASE EXPECTED
LTC/USD
From last week when the price of Litecoin has been traded at $48.58 we have seen an increase of 29.53% measured to the highest point the price has been on Saturday which was at $62.93. Since then the price has started moving sideways and formed a symmetrical triangle.
EOS/USD
From last Thursday the price of EOS has increased by 32.51% coming from the $2.663 low to $3.529 high made on Saturday and again retested on Monday. Looking at the hourly chart below you can see that this price movement has been labeled as a five-wave impulse after which the price has been in a minor descending channel.
Read more https://blog.fxopen.com/ltc-and-eos-impulsiveness-seen-further-increase-expected/
LTC/USD
From last week when the price of Litecoin has been traded at $48.58 we have seen an increase of 29.53% measured to the highest point the price has been on Saturday which was at $62.93. Since then the price has started moving sideways and formed a symmetrical triangle.
EOS/USD
From last Thursday the price of EOS has increased by 32.51% coming from the $2.663 low to $3.529 high made on Saturday and again retested on Monday. Looking at the hourly chart below you can see that this price movement has been labeled as a five-wave impulse after which the price has been in a minor descending channel.
Read more https://blog.fxopen.com/ltc-and-eos-impulsiveness-seen-further-increase-expected/
BTC/USD
From last week’s low at $7367 the price of Bitcoin increased by 42.44% spiking to $10494 at its highest point on Saturday. Since then we have seen a retracement developing with the price currently being at its median point at around $9500.
On the hourly chart we can see that the price action formed a symmetrical triangle from last weeks high above the 1 Fib level which is the horizontal support level from the first WXY correction made on the 17th of July and below which the price hasn’t declined until the 24th of September when a breakdown with strong momentum occurred leading the price of Bitcoin to $7883 or the 1.272 Fib level.
Looking at the wave structure we can see that the previous increase ended as a five-wave move to the upside. As this was an impulsive move the current structure is viewed as a retracement. Since the ending point of the last week’s spike, we have seen a five-wave move to the downside followed by a three-wave increase. This looks like the development of an ABC move to the downside which would mean that another 12345 move should develop.
I have already counted a five-wave move of the third wave but I believe that its the one of the lower degree count which means that further lows would be expected. There could be a possibility that the ABC correction ended in which case we will see a breakout to the upside above the triangle’s resistance which can serve as a pivot point.
Read more: https://blog.fxopen.com/btc-and-xrp-bullish-price-action-is-likely-to-continue/
From last week’s low at $7367 the price of Bitcoin increased by 42.44% spiking to $10494 at its highest point on Saturday. Since then we have seen a retracement developing with the price currently being at its median point at around $9500.
On the hourly chart we can see that the price action formed a symmetrical triangle from last weeks high above the 1 Fib level which is the horizontal support level from the first WXY correction made on the 17th of July and below which the price hasn’t declined until the 24th of September when a breakdown with strong momentum occurred leading the price of Bitcoin to $7883 or the 1.272 Fib level.
Looking at the wave structure we can see that the previous increase ended as a five-wave move to the upside. As this was an impulsive move the current structure is viewed as a retracement. Since the ending point of the last week’s spike, we have seen a five-wave move to the downside followed by a three-wave increase. This looks like the development of an ABC move to the downside which would mean that another 12345 move should develop.
I have already counted a five-wave move of the third wave but I believe that its the one of the lower degree count which means that further lows would be expected. There could be a possibility that the ABC correction ended in which case we will see a breakout to the upside above the triangle’s resistance which can serve as a pivot point.
Read more: https://blog.fxopen.com/btc-and-xrp-bullish-price-action-is-likely-to-continue/
LTC and EOS – Further lows are expected
LTC/USD
From Monday’s high at $55.776 the price of Litecoin has decreased by 15.34% measured to yesterday’s low at $47.218. Since then we have seen a minor recovery with the price currently being traded around $49.419.
EOS/USD
The price of EOS has decreased by 11.% from Monday’s high at $3 measured to today’s low at $2.6729 around which it is currently being traded. Looking at the hourly chart below you can see that the price was been decreasing in a five-wave manner from the rejection at the $3.2787 horizontal level and has formed a diagonal which could be the one of a leading kind which would be the first wave off of the higher degree five-wave move to the downside.
Read more: https://blog.fxopen.com/ltc-and-eos-further-lows-are-expected/
BTC/USD and XRP/USD showing sings of bullishness
BTC/USD
Last Friday, the price of Bitcoin has been sitting around $7913 at its lowest point as it was in a downtrend all throughout last week. But since the price retested the 1.272 Fibonacci level it started increasing again and managed to recover by 4.72%, coming to $8300 at its highest point today.
XRP/USD
From last week when the price of Ripple came up to around the significant horizontal level at $0.29405, we have seen the price moving sideways. Currently, it is above the level and in an upward trajectory, but we can’t say that a breakout has been seen as it failed to exceed the prior high, made on the first attempt.
Read more: https://blog.fxopen.com/btc-usd-and-xrp-usd-showing-sings-of-bullishness/
LTC and EOS – Ascending channels were corrective
LTC/USD
From last Wednesday when the price of Litecoin reached $59.991 at its highest point measured to today’s low at $51.864 we have seen a decrease of 13.55%. As you can see from the hourly chart below the price came up last week to the ascending channels resistance level and got rejected like expected which is why we have seen the move to the downside below it’s support level.
EOS/USD
The price of EOS has been in a downtrend from last Wednesday like Litecoin and has decreased by 13.81% coming from Wednesday’s high at $3.319 to $2.86 at its lowest point today.
Read more: https://blog.fxopen.com/ltc-and-eos-ascending-channels-were-corrective/
BTC AND XRP – Are We Seeing The Start Of The Recovery?
BTC/USD
From last Monday when the price of Bitcoin was sitting at $7805 at its lowest point we have seen an increase of 12.73% measured to the highest point made on Friday which was at $8805. Since then the price started decreasing again and is currently sitting at $8333 and is now moving sideways.
XRP/USD
The price of Ripple has reached its significant horizontal resistance at $0.29405 today but is currently being traded below it as interaction ended as a rejection. From last Friday when the price was trading at $0.2659 we have seen an increase of 12.48% as the price has been developing its 5th wave to the upside.
Read more: https://blog.fxopen.com/btc-and-xrp-are-we-seeing-the-start-of-the-recovery/
BTC/USD
From last Monday when the price of Bitcoin was sitting at $7805 at its lowest point we have seen an increase of 12.73% measured to the highest point made on Friday which was at $8805. Since then the price started decreasing again and is currently sitting at $8333 and is now moving sideways.
XRP/USD
The price of Ripple has reached its significant horizontal resistance at $0.29405 today but is currently being traded below it as interaction ended as a rejection. From last Friday when the price was trading at $0.2659 we have seen an increase of 12.48% as the price has been developing its 5th wave to the upside.
Read more: https://blog.fxopen.com/btc-and-xrp-are-we-seeing-the-start-of-the-recovery/
LTC and EOS moving sideways but for how long?
LTC/USD
From Monday’s open at $54.64 the price of Litecoin has increased by 5.34% at its highest point of the week made on Tuesday when the price retested the $57.558 level which was broken on the way down. Currently, the price is being traded slightly lower at around $55.72 as it was mostly been moving sideways since the start of the week.
Read more: https://blog.fxopen.com/ltc-and-eos-moving-sideways-but-for-how-long/
LTC/USD
From Monday’s open at $54.64 the price of Litecoin has increased by 5.34% at its highest point of the week made on Tuesday when the price retested the $57.558 level which was broken on the way down. Currently, the price is being traded slightly lower at around $55.72 as it was mostly been moving sideways since the start of the week.
Read more: https://blog.fxopen.com/ltc-and-eos-moving-sideways-but-for-how-long/
BTC/USD
From yesterday’s low at $7775.2 the price of Bitcoin has increased to a significant horizontal level at $8500 today which is an increase of 9.38%. I was expecting that the level would serve as support on the way down, but the price continued moving below it which is why today we are seeing a retest of level for resistance. Currently, the price is being traded slightly lower at around $8357 as the price got rejected.
Read more: https://blog.fxopen.com/btc-and-xrp-recovery-seen-but-it-could-still-be-corrective/
From yesterday’s low at $7775.2 the price of Bitcoin has increased to a significant horizontal level at $8500 today which is an increase of 9.38%. I was expecting that the level would serve as support on the way down, but the price continued moving below it which is why today we are seeing a retest of level for resistance. Currently, the price is being traded slightly lower at around $8357 as the price got rejected.
Read more: https://blog.fxopen.com/btc-and-xrp-recovery-seen-but-it-could-still-be-corrective/
BTC and XRP – Significant support reached
BTC/USD
The price of Bitcoin has been decreasing from yesterday’s open at $10088 and has come down by 4.46% measured to its lowest point today which was at $9638. This decrease is a continuation of the downtrend which started on the 6th of September when the price was sitting at $10920 which is a decrease of 11.94% measured to its lowest point today. Currently, the price is being traded at $9716 as a minor recovery is being made.
Read more: https://blog.fxopen.com/btc-and-xrp-significant-support-reached/
BTC/USD
The price of Bitcoin has been decreasing from yesterday’s open at $10088 and has come down by 4.46% measured to its lowest point today which was at $9638. This decrease is a continuation of the downtrend which started on the 6th of September when the price was sitting at $10920 which is a decrease of 11.94% measured to its lowest point today. Currently, the price is being traded at $9716 as a minor recovery is being made.
Read more: https://blog.fxopen.com/btc-and-xrp-significant-support-reached/
LTC and EOS – First signs of a recovery
LTC/USD
On Monday’s open, the price of Litecoin has been trading at $70.278 and from there increased by 14.2% measured to the weekly high made yesterday at $80.26 at its highest point. Since yesterday’s high, we’ve seen a decrease of around 9% as the price fell to $72.96 at its lowest point today but is currently being traded at $74.5.
Read more: https://blog.fxopen.com/ltc-and-eos-first-signs-of-a-recovery/
LTC/USD
On Monday’s open, the price of Litecoin has been trading at $70.278 and from there increased by 14.2% measured to the weekly high made yesterday at $80.26 at its highest point. Since yesterday’s high, we’ve seen a decrease of around 9% as the price fell to $72.96 at its lowest point today but is currently being traded at $74.5.
Read more: https://blog.fxopen.com/ltc-and-eos-first-signs-of-a-recovery/
BTC still indecisive while XRP is looking bullish
BTC/USD
Last Monday the price of Bitcoin was sitting at around $10446 level which was an interaction with the 0.236 Fibonacci level after an attempt for a breakout from the descending triangle. As the price failed to breakout out from the triangle and instead got rejected by its horizontal resistance found slightly below the 0.382 Fibonacci level we have seen a decrease to $9985 at its lowest point last Wednesday.
From there another attempt is being made for a breakout to the upside but the price is currently stuck in a cluster between the 0.236 Fibonacci level and the triangle’s resistance which has been broken and serves as support. Currently the price is being traded at $10231 which is only 1.53% lower from yesterday’s open and with the price managing to hold above the triangle’s resistance we might see another attempt for a breakout to the upside.
Read more: https://blog.fxopen.com/btc-still-indecisive-while-xrp-is-looking-bullish/
BTC/USD
Last Monday the price of Bitcoin was sitting at around $10446 level which was an interaction with the 0.236 Fibonacci level after an attempt for a breakout from the descending triangle. As the price failed to breakout out from the triangle and instead got rejected by its horizontal resistance found slightly below the 0.382 Fibonacci level we have seen a decrease to $9985 at its lowest point last Wednesday.
From there another attempt is being made for a breakout to the upside but the price is currently stuck in a cluster between the 0.236 Fibonacci level and the triangle’s resistance which has been broken and serves as support. Currently the price is being traded at $10231 which is only 1.53% lower from yesterday’s open and with the price managing to hold above the triangle’s resistance we might see another attempt for a breakout to the upside.
Read more: https://blog.fxopen.com/btc-still-indecisive-while-xrp-is-looking-bullish/
Bitcoin and Ripple – Next move will dictate longer trend development
BTC/USD
Last week on Monday the price of Bitcoin was sitting at $9723.8 at the open from where we’ve seen an increase of 12.11% until Friday’s high when the price reached $10901 at its highest point. From Friday’s high the price has depreciated by 6.71% to Monday’s low at $10172 and but has recovered since and is currently sitting slightly above at around $10271.
Read more: https://blog.fxopen.com/bitcoin-and-ripple-next-move-will-dictate-longer-trend-development/
LTC and EOS – Recovery seen but it could be still a corrective one
LTC/USD
From last Friday when the price of Litecoin has been sitting around $62.332 at its lowest point we have seen an increase of 13.61% until Tuesday when it came up to $70.8 at its highest point but is currently sitting at $67 as a minor retracement occurred.
Read more: https://blog.fxopen.com/ltc-and-eos-recovery-seen-but-it-could-be-still-a-corrective-one/
BTC/USD and XRP/USD recover, but for how long?
BTC/USD
Last Monday the price of Bitcoin was $10503 and spiked further to $10675 at its highest point. From there the price has decreased by 10.41% as it came down to its lowest point at $9417.9 on Thursday. As the price came down to its significant horizontal support level last Thursday and found support there a recovery has been seen of around 11% as it came up to the same levels as on last Monday.
Read more: https://blog.fxopen.com/btc-usd-and-xrp-usd-recover-but-for-how-long/
BTC increasing significantly while XRP is moving sideways
BTC/USD
From 30. of July the price of Bitcoin has increased by 30.92% as it came up to $12317.5 at its highest point coming from $9407. As it encountered resistance a steep downfall has been seen with the price currently being traded at $11875.
Read more: https://blog.fxopen.com/btc-increasing-significantly-while-xrp-is-moving-sideways/
BTC/USD
From 30. of July the price of Bitcoin has increased by 30.92% as it came up to $12317.5 at its highest point coming from $9407. As it encountered resistance a steep downfall has been seen with the price currently being traded at $11875.
Read more: https://blog.fxopen.com/btc-increasing-significantly-while-xrp-is-moving-sideways/
LTC and EOS – further recovery expected before the downtrend continues
LTC/USD
From Monday’s low at $88.63, the price of Litecoin has increased by 12.64% measured to its highest point today at $99.837.On the hourly chart below, you can see that the price of Litecoin found resistance at the minor horizontal level and has got rejected which is why the price has started decreasing and is currently being traded at $96.6.
Read more: https://blog.fxopen.com/ltc-and-eos-further-recovery-expected-before-the-downtrend-continues/
LTC/USD
From Monday’s low at $88.63, the price of Litecoin has increased by 12.64% measured to its highest point today at $99.837.On the hourly chart below, you can see that the price of Litecoin found resistance at the minor horizontal level and has got rejected which is why the price has started decreasing and is currently being traded at $96.6.
Read more: https://blog.fxopen.com/ltc-and-eos-further-recovery-expected-before-the-downtrend-continues/
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