The Monero price is finding its feet and showing encouraging signs of turning higher. If XMR can clear $234, a run at $300 could be on the cards. Monero is last trading at $203.20, higher by $5.342 (+2.79%). Privacy coin Monero has lost just 4% over the last seven days despite many of the top 20 cryptos suffering much larger declines. This is certainly encouraging and reinforces its potential in the face of concerted government crackdowns on cryptocurrencies. Monero’s obfuscated public… Source link

Monero [XMR], the market’s leading privacy coin, has seen its fair share of ups and downs this year. The altcoin massively rallied during the initial few months of the year, hit its local 3-year high in May, and commenced its downfall right after that. At the time of writing, XMR’s state was quite congruent to the state of other altcoins struggling to shield themselves from broader market corrections. With Bitcoin prolonging its stay in the rangebound zone, looks like alts, especially… Source link

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Ethereum Ethereum fell by 2.18% on Friday. Following a 3.81% slide on Thursday, Ethereum ended the day at $1,877.22. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,965.35 before hitting reverse. Falling short of the first major resistance level at $2,012, Ethereum slid to a late morning intraday low $1,850.15. Ethereum fell through the first major support level at $1,852 before briefly revisiting $1,940 levels. A bearish end to the day, however, saw Ethereum slide… Source link

Litecoin price downside momentum slows, forming a falling wedge pattern. LTC is currently down -8% for the week and is trading below the strategically important 50-week simple moving average (SMA). 78.6% Fibonacci retracement of the 2020-2021 advance is recognizable support if selling persists. Litecoin price has failed to hold the support granted by the 50-week SMA, creating another touch on the upper resistance line of the falling wedge. The failure to stick at the… Source link

Bitcoin bounced to around $32,200 after touching a 2.5-week low early Friday near $31,000.  The largest cryptocurrency by market value may have been buoyed by a CoinDesk report that Bank of America has approved trading in bitcoin futures for some clients, according to Edward Moya, senior market analyst for Oanda.  “This is a big commitment for America’s second-largest bank and signals that interest in trading cryptocurrencies is here to stay,” Moya wrote in an email. “On Wall Street,… Source link

Follow @crypto Twitter for the latest news. Bitcoin has been grinding lower in a trading range just above $30,000, prompting cryptocurrency insiders to flag the round number as a potential floor for the virtual coin. Crypto prognostication is fraught with risk, not least because Bitcoin’s price has roughly halved from a record high three months ago. Even so, some in the industry are coalescing around $30,000 as a support point, citing clues from options activity and… Source link

Ethereum Ethereum slid by 3.81% on Thursday. Reversing a 2.77% gain from Wednesday, Ethereum ended the day at $1,918.07. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,039.99 before hitting reverse. Falling short of the first major resistance level at $2,054, Ethereum slid to a late afternoon intraday low $1,880.00. Ethereum fell through the first major support level at $1,900 before a partial recovery to end the day at $1,918 levels. At the time of writing,… Source link

Apifiny CEO Haohan Xu sees ether rising back to $4,000. Xu said ether and DeFi are still not understood and attention will shift toward them. He also told Insider he thinks DeFi will a play prominent in the financial system. See more stories on Insider’s business page. Ethereum is about to get its time in the spotlight, says Haohan Xu. Xu, the founder and CEO of… Source link

Litecoin price is showing a bullish reaction as it tags the $124.62 support level. A further build-up of buying pressure is likely to propel LTC by 20% to $149.22. If the bears lead to a breakdown of the support floor at $118, the bullish thesis will face invalidation. Litecoin price is currently indicating a reversal in price after a two-week consolidation phase. LTC is likely to retest the upper limit of this range in an attempt to shatter it. Litecoin price… Source link