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analysis, bitcoin, btc, price, trading, usd, weekly -

Key Points Bitcoin price is under heavy selling pressure as it tumbled below the $8,000 support against the US Dollar. There is a crucial contracting triangle forming with support at $7,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may extend the current decline and it could even break the $7,400 and $7,000 support levels. Bitcoin price is poised to extend declines below $7,000 against the US Dollar. BTC/USD’s correction towards the $8,000 and $8,500 levels are likely to be capped. Bitcoin Price Bearish Trend There was hardly any relief for bitcoin price as it failed...

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analysis, litecoin, ltc, price, recover -

Litecoin price recovered nicely from the $160 swing low against the US Dollar. LTC/USD is currently trading in a range above the $180 support. Key Talking Points Litecoin price succeeded in holding losses below $155 and recovered (Data feed of Kraken) against the US Dollar. There is a key bullish trend line forming with support at $181 on the hourly chart of the LTC/USD pair. The pair must break the $192-195 resistance area to continue its upside move. Sponsored Litecoin Price Forecast After a major decline, there was a decent support formed near $160 in litecoin price against the US...

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analysis, price, ripple, usd, xrp -

Key Highlights Ripple price formed a nice support around $0.7400 and moved a few points higher against the US dollar. There is a major connecting bearish trend line forming with resistance at $0.8300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break $0.8300 and $0.8400 resistance for further upsides in the near term. Ripple price is slowly gaining pace against the US Dollar and Bitcoin. XRP/USD must break the $0.8400 hurdle to set the pace for more gains.     Sponsored Ripple Price Resistance After a major decline, there was a strong buying interest...

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analysis, forecast, fork, hard, monero, price, surge, xmr -

Why the Monero Coin Price Is Surging On a day when the broader crypto market was drenched in red, the Monero price chart was showing green candlesticks. The XMR coin price is riding a tailwind that helped it thwart Wednesday’s marketwide correction. In fact, Monero has turned out to be one of the few cryptocurrencies that has managed to recoup most of its losses post the February crypto market crash. Take a look at the Monero chart below and see how its past one-month performance stacks up against industry leader Bitcoin and its biggest rival ZCash. Monero conspicuously stands out...

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analysis, iota, Price, Trading, usd -

IOTA broke down from a symmetrical triangle chart formation to signal that bearish pressure is picking up. The chart pattern spans 1.2000 to 2.6000 so the resulting selloff could be of the same height. The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside. However, the gap is pretty narrow so a downward crossover could still ensue and draw more sellers in. Sponsored Stochastic is on the move down to show that selling pressure is present. RSI is also heading south but is dipping into oversold levels to indicate...

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analysis, price, ripple, usd, xrp -

Key Highlights Ripple price failed to remain in a bullish zone and broke the $0.9450 support against the US dollar. Yesterday’s short-term connecting bullish trend line with support at $0.9400 was broken on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently under pressure and it may fall back towards the $0.8800. Ripple price declined further in the bearish zone against the US Dollar and Bitcoin. XRP/USD may accelerate declines towards or below $0.8800. Ripple Price Decline There was no recovery above $1.00 yesterday in Ripple price against the US Dollar. The price extended declines and...

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bitcoin, crypto, iota, market, monero, price, recover, recovery, update, xmr -

The segment is showing clear signs of resilience, as bears cannot find footing in the market despite the brief selloffs. The majors turned yesterday after the US close as the SEC launched a probe into ICO’s, but the coins remained stable, with no major support levels falling durably amid the move.   Sponsored The continued risk-off moves in traditional assets could also have weighed on cryptocurrencies, but for now, the weakness didn’t spill over to the segment again, and that is another positive sign for bulls. BTC/USD, 4-Hour Chart Analysis Bitcoin was still in the center of attention, providing the...

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