Major cryptocurrencies demonstrated mixed trading so far, with Bitcoin reversing its losses by 0.2% as prices stood at $49K. Altcoins such as, Stellar and AAVE noted a minor decline on their respective charts by 2% and 1.8%, however, technicals pointed towards a price reversal. Monero, conversely, brought in a 3.4% gain as it broke above the $281.74 price ceiling.   Monero (XMR) XMR/USD, TradingView XMR moved up by 3.4% on its chart and was trading at $294.74. It toppled over its $281.74… Source link

Litecoin crypto price is trading near the supply or rejection zone after a strong bullish momentum and now trying to sustain above 100 and 200-day major moving averages. The digital asset was sustaining above all vital moving averages of 20, 50, 100, and 200-day lines and rebounded sharply from support lines of 100 and 200-DMA lines.   The pair of LTC/BTC is trading on a positive note at 0.003819 BTC with an intraday gain of +3.64%, and the ratio of LTC/ETH is CMP at 0.05765 ETH with a 24-hour… Source link

Bitcoin (BTC) edged closer to $50,000 on Aug. 22 as concerns over a bearish downturn made a timely reappearance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Modestly bearish” signs accompany $50,000 run-up Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting a high of $49,830 on Bitstamp Sunday — itself a three-month record. The weekend had proven the staying power of higher levels, with even lower volumes failing to spark a comedown. “So far, so good for… Source link

Macro guru Raoul Pal is arguing against the idea that Bitcoin and the crypto markets are merely in a bubble. In a tweetstorm, the former Goldman Sachs executive compares Bitcoin’s behavior to the performance of tech unicorn Amazon in its early days.   Pal says he recalls believing that Amazon was in a bubble a long time ago. “I remember personally saying the same about Amazon, pretty much since inception.” Source: Raoul Pal/Twitter The closely followed analyst says that while… Source link

Veteran crypto trader and strategist Tone Vays says Bitcoin (BTC) needs to stay above a key level to sustain its bullish momentum. In an interview with crypto analyst Scott Melker, Vays explains why he’s bullish on the leading cryptocurrency.   “To invalidate, it’s going to be hard, even on a daily scale. Right now, I would need a full reversal and take out the latest swing low. I’m looking at the daily chart, and this is what I mean by that $30,000 price. I was looking at… Source link

Ethereum price maintains support near the 50% retracement at $3,042. ETH flashes a bearish momentum divergence on the daily Relative Strength Index (RSI) for the first time since February. Ethereum price currently shows a 41.08% gain for 3Q, marking the seven consecutive positive quarter. Ethereum price climbed almost 100% from July 20 low to the August 16 high before stalling at the 61.8% Fibonacci retracement of the May-July decline at $3,358. The rally’s strength… Source link

Litecoin (CRYPTO: LTC), an early Bitcoin (CRYPT: BTC) spinoff and peer-to-peer cryptocurrency was consolidating on Saturday morning after rising over 12% on Thursday and Friday. Many cryptocurrencies have seen a revival recently from their mid-summer lows which is due, in part, to seasonality. See Also: How To Buy Litecoin • What is Litecoin? The Litecoin Chart: Between Aug. 13 and 15 Litecoin’s relative strength index (RSI) was measuring up into… Source link

On Saturday morning Ethereum Classic (CRYPTO: ETC), along with apex cryptocurrency Bitcoin (CRYPTO: BTC) and the ever-popular Dogecoin (CRYPTO: DOGE), was consolidating Friday’s bullish trek north. All three cryptos have recently had a relative strength index (RSI) of over 70% which puts them into overbought conditions for technical traders. A cryptocurrency, like a stock, always enters into a period of consolidation after either a large incline or decline. Ethereum Classic rose 137%… Source link

As the crypto markets start to heat up after a season of cooldown, Ethereum (ETH) and Bitcoin (BTC) whales are staying active, moving nearly $2 billion in crypto assets over the past 24 hours. In a series of six transactions, crypto whales relocated 411,799 ETH worth more than $1.34 billion to various wallets within five hours.   Data from the crypto tracker Whale Alert shows the breakdown of the six Ethereum transfers: In addition to the massive moving sums of ETH, one Bitcoin… Source link

Monero has become a bit more private than before. The 24-hour trading volume is at $246 million. XMR/BTC pair is trading at 0.00572687 BTC with a 0.7% decline. The daily technical chart of Monero price action displays an uptrend. According to the pivot levels, the primary support level is $212. On the other side, if it rushes up, the resistance level to follow is $362. Although the chart forms a pin bar candlestick pattern within the day, it is predicted that the price may remain… Source link