crypto expert

Litecoin will be coming thousands of regular cash machines in South Korea.  The Litecoin Foundation has just partnered with MeconCash, allowing ATM users to convert LTC to fiat at real world locations. The partnership may serve to drive adoption of a crypto asset for which staying relevant seems a particular struggle. New Partnership Enables LTC to Fiat Withdrawals at 13,000 ATMs According to a recent press release, the Litecoin Foundation has just partnered with MeconCash, a South-Korean blockchain startup.  Amongst other things, the partnership will allow users to exchange LTC for Korean won at more than 13,000 in South Korea.  They can then withdraw the fiat currency for spending at shops not accepting crypto. The deal will also see MeconCash integrate Litecoin with its MeconMall.  Users can also use the crypto asset to pay for various digital goods, including mobile games. Charlie Lee, the Managing Director of the Litecoin Foundation, commented th...

Ethereum is down close to 10% and it broke the key $255 support area against the US Dollar.  ETH price might continue to slide, but the $230 and $225 levels are likely to provide support. Ethereum is declining heavily and it recently broke the $255 and $250 support levels against the US Dollar. The price is now trading near the $235 level, with key supports near the $230 area. There was a break below a major descending channel with support at $253 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also sliding and it traded below the $9,250 support area. Ethereum Price Turns Red Yesterday, we saw a few bearish signs for Ethereum after it broke the $265 support against the US Dollar.  As a result, there was a sharp decline in ETH price below the $255 support area and the 100 hourly simple moving average. The decline was such that the price declined below the $250 and $248 support levels.  Moreover, there was a break below a major descen...

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Ripple climbed above $0.2800, but it failed to continue above $0.2860 against the US Dollar.  XRP price is currently declining towards the key $0.2700 and $0.2650 support levels. Ripple price topped near the $0.2860 level and declined recently against the US dollar. The price is now trading below the $0.2800 level, but there are still many supports on the downside. There was a break below a key bullish trend line with support near $0.2760 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to find a strong buying interest near $0.2700 or $0.2650. Ripple Price Could Bounce Back Recently, there was a steady increase in ripple from the $0.2650 support area.  XRP price broke the $0.2800 resistance area and the 100 hourly simple moving average.However, the bulls failed to lead the price toward the $0.3000 resistance.  A swing high is formed near $0.2861 and the price recently started a fresh decline.  It traded below the ...

Litecoin (LTC) boost over 5% in a day as Binance US adds the crypto to its platform. Fear creeps in as death cross forms on LTC/USD pair. The rise of Litecoin (LTC) has been nothing but exceptional in the past 48 hours gaining over 5% in a day. The soar in ‘silver Bitcoin’ price sets in at a time the cryptocurrency market is in a consolidation phase as Bitcoin (BTC) bulls struggle to cross the $10,000 USD mark.  Despite the positive fundamentals, such as addition of the crypto to Binance US, LTC is signaling a critical bear reversal point as the daily price charts forms a death cross. Can LTC hit triple digits before the year? LTC bulls threatens to break $80 USD The past seven or so weeks, since the start of 2020, cryptocurrencies have been on a mammoth rise as most of the top altcoins register over 5% in gains in the past 24 hours.  Looking further back, the early Bitcoin fork has gained over 10% over the past 2days raising hopes of bulls targeting $80 USD i...

Ethereum co-founder Vitalik Buterin discussed plans for Ethereum 2.0 during an exclusive interview with Cointelegraph on Feb.19 at the Stanford Blockchain Conference.  Buterin explained that the major development for ETH 2.0 over the course of this year is the launch of Phase 0.  He said:“Phase 0 is the first phase of the Ethereum 2.0 launch.  This will release the proof-of-stake network, which will come online this year. ”While the official launch date of Phase 0 is still unknown, Buterin explained that Phase 0 is close to having a multi-client testnet and audits of the existing code.  He noted:“A lot of optimization is currently underway with Phase 0, which we will continue to refine over the next few months. ”Ethereum 2.0 roadmap  Following the launch of Phase 0, Buterin stated that ETH 2.0 will begin as an independent PoS network.  He explained that the purpose behind this is to allow the PoS system to start off slowly in order to prove its cap...

Bitcoin mining startup Layer1 Technologies has begun operations at its West Texas facility, with an ambitious roadmap to secure 30% of the hash rate. Layer1, which raised $50 million in November from Thiel, Shasta Ventures and Digital Currency Group, said it has now brought multiple 2.5 megawatt liquid cooled mining containers online. Its short term goal is to scale up to 100 megawatts and 2% of the hash rate over the coming months. But it’s the long term goal that’s raising eyebrows: the company roadmap lays out a vision of repatriating 30% of the hash rate to the United States by the end of 2021, citing national security considerations.  On current figures, that would make Layer1 the largest mining outfit in the world.More than 60% of Bitcoin mining operations are currently located in China but less than 5% of the hash rate and none of the hardware for Bitcoin mining come from the U.S. In a statement, Layer1 claimed that bringing almost a third of the hash rate back to A...

Litecoin witnessed a sharp 10% price fall over the past 24-hours, bringing the price for the cryptocurrency down to $70. The cryptocurrency ran into resistance at $83.05 and was unable to overcome it, causing prices to drop. Litecoin dropped by 10% today, to push the price down to $70.  It has been surging all year and climbed by a total of 114% to reach a high of around $83.05. Unfortunately, it was unable to overcome this resistance which caused it to roll over and fall by a total of 16% to reach the current price of around $70. Litecoin is now ranked in the 7th position as it now holds a $4.52 billion market cap value. Litecoin Price Analysis Market Overview Since my last Litecoin analysis, the cryptocurrency was able to climb above the previous resistance at $78.44 as it continued higher to break above $80.  However, when it reached $83.05, it was unable to go higher which caused it to roll over and fall to the current $70 support. Short term predictio...

Ripple declined heavily from well above $0.3200 against the US Dollar.  XRP price even dived below $0.3000 and it could continue to move down in the near term. Ripple price fell sharply after the bears were able to clear the $0.3000 support against the US dollar. The price traded as low as $0.2677 and it is currently correcting losses. There are two connecting bearish trend lines forming with resistance near $0.2950 and $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The price must climb back above $0.3000 to start a fresh increase in the coming sessions. Ripple Price Could Extend Losses In the past 3-4 sessions, ripple faced an increase in selling pressure below $0.3200.  As a result, XRP declined heavily below the $0.3050 and $0.3000 support levels. Moreover, there was a close below the $0.3000 support and the 100 hourly simple moving average. The price is down more than 10% and it traded as low as $0.2677.  Recently, there was a...

Ethereum insane rally throughout the past few weeks has allowed ETH to be one of the best performing major altcoins so far this year, only with a couple of smaller altcoins seeing gains that can rival it. This intense upwards momentum reached a fever pitch when the crypto broke above its key psychological resistance at $200, with its rally in the time following this notable event growing parabolic. Now, analysts are noting that ETH could soon cool off, with its immediate resistance and a rapidly forming bearish crossover both seeming to suggest that it is long overdue for a retrace. Ethereum pushes against key resistance, but bulls struggle to break above it At the time of writing, Ethereum is trading down 2.6 percent at its current price of $270, which marks a noteworthy decline from daily highs of roughly $280 that was set on major margin trading platforms like BitMEX. Despite its firm retrace from these highs, it is important to note that buyers were able to successfully d...

Bitcoin extended its rise towards the $10,500 resistance area against the US Dollar.  BTC is now showing signs of exhaustion and it could dip a few points before continuing higher. Bitcoin price is struggling to gain momentum above $10,400 and $10,450 against the US Dollar. The price traded to a new 2020 high at $10,492 and it is currently correcting lower. There is a short term ascending channel forming with support near $10,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip towards the $10,300 support or $10,200 before it climbs above $10,500. Bitcoin Losing Bullish Momentum This week, bitcoin bounced back above the $10,000 resistance against the US Dollar.  BTC price even broke the $10,200 resistance and the 100 hourly simple moving average.Recently, there was a push towards the $10,500 resistance area, but the bulls failed to gain bullish momentum. A new 2020 high is formed near $10,492 and the price is currently correctin...

Investors who hold Litecoin (LTC), the world’s sixth-largest cryptocurrency by market cap, can now earn up to 10% interest on their digital assets via a new partnership.  The Litecoin Foundation announced today that a collaboration with California-based crypto lender Cred will now support financial services, allowing people to borrow and lend Litecoin. Users in 190 countries who own Litecoin can earn monthly interest payments by pledging their crypto holdings for a six-month term. Cred lends cryptocurrencies, including Bitcoin, Bitcoin Cash and Basic Attention Token, to retail investors and money managers, among other customers, working with collateral agents and leading custody partners including BitGo, Bittrex Enterprise and Lockton, one of the world’s largest independent insurance brokerage firms, to ensure the security of customers’ digital assets. Charlie Lee, Litecoin creator and managing director of the Litecoin Foundation, says the strategic partnership will provide ...

Ripple is declining from the $0.2900 resistance area against the US Dollar.  XRP price broke $0.2700 and it could continue to correct lower towards the $0.2600 support. Ripple price started a downside correction after it failed to test $0.3000 against the US dollar. There was a break below the $0.2800 and $0.2700 levels.There is a key declining channel forming with resistance near $0.2735 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could continue to move down towards $0.2600 or $0.2540 in the near term. Ripple Price Remains At Risk After a decent upward move, ripple faced a strong resistance near the $0.2880-$0.2900 area. Moreover, XRP price failed to test the $0.3000 resistance area and formed a short term top near the $0.2891 level. As a result, there was a downside correction below the $0.2800 level. Besides, the price traded below the 50% Fib retracement level of the last leg from the $0.2635 low to $0.2891 high.The price is now tra...

Ethereum price extended its rise above the $220 resistance area against the US Dollar.  ETH is currently facing hurdles near $230 and it could correct in the short term.Ethereum is facing a key resistance near the $230 area against the US Dollar. The price might correct a few points towards $223 or $220 before climbing again. There is a major bullish trend line forming with support near $225 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is now trading well above the key $10,000 resistance area. Ethereum Price Could Correct In Short  TermIn the past few days, Ethereum followed a strong uptrend and broke the $210 and $220 resistance levels against the US Dollar.  ETH price even settled above the $220 level and 100 hourly simple moving average.Recently, the price tagged the $230 area, where the bears took a stand.  The bulls made two attempts to lead the price above the $230 level, but they failed.As a result, the price started consol...

Bitcoin has climbed back above the psychological $10,000 per bitcoin mark for the first time in five-months though some other smaller cryptocurrencies are leaving it in the dust. The bitcoin price, up some 40% since the beginning of 2020, smashed through the key $10,000 barrier to hit highs of $10,127 on the Luxembourg-based Bitstamp exchange earlier this evening adding 4% over the last 24-hour trading period. The sudden jump in the bitcoin price comes as bitcoin traders and investors are gearing up for the looming May bitcoin halving event, which will see the number of bitcoin rewarded to miners cut by half. "Bitcoin just hit $10,000," Anthony Pompliano, the cofounder of bitcoin and crypto investment group Morgan Creek Digital, said via Twitter.  "I still think that bitcoin will hit $100,000 by end of December 2021," pointing to bitcoin's "fixed supply" and "increasing demand" as the reason for bitcoin's performance. In May, t...

Litecoin developer David Burkett says he’s discovered a breakthrough that could solve a major bottleneck hindering confidential transactions. Burkett, who is working to integrate the privacy technology MimbleWimble on the Litecoin Network, says he’s found a new method that will allow users to transfer LTC without the need to be in constant contact with one another. “The biggest difficulty with using MW is the need for sender and receiver to communicate, which requires receiver to be online when sending.  My proposal, along with an updated version of the write-up that will be released soon, eliminates that need. This removes a major UX hurdle, limits long-term maintenance requirements, and supports receiving via cold-storage, making hardware wallets easier to support. ”This month, Burkett says he plans to begin implementing the rules that will enforce how transactions are validated and begin testing private transactions on the network in earnest. The Litecoin Foundation’s ...

Analysis by blockchain monitor Whale Alert suggests that Ripple co-founder Jed McCaleb sold off more than one billion XRP between 2014 and 2019. In a Medium post published on Feb. 6, Whale Alert estimated that McCaleb has another 4.7 billion XRP left to sell, equating to around 5% of the total supply.  At today’s prices, the hoard is worth more than one billion U.S. dollars, dwarfing the $135 million Whale Alert estimates he has made via XRP sales to date. McCaleb sold another 19 million, or $4.13 million worth last month and Whale Alert believes the rate may increase this year as the agreements limiting his XRP sales expire.Specifically:" At the current rate it would take him around 20 years to sell all of it, however, his activities have been limited by the settlement agreement with Ripple, which is likely to expire sometime in 2020." The news alarmed some XRP holders on Twitter.“We didn't want to alarm people, but I hope they now have a better view of what...

Ethereum price rallied recently and surpassed the $200 barrier against the US Dollar.  ETH is now trading nicely above $200, with many signs of more upsides.Ethereum climbed higher and settled above the main $200 barrier against the US Dollar. The price traded as high as $208 and it is currently correcting lower. There is a major bullish trend line forming with support near $198 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price also jumped above $9,500 and traded to a new 2020 high close to $9,750. Ethereum Price Signaling More Gains After completing a short term correction near the $185 level, Ethereum started a fresh increase against the US Dollar.  ETH price surged higher and broke many important hurdles near $195.Finally, it climbed above the main $200 barrier.  Moreover, there was a close above the $200 level and the 100 hourly simple moving average.  The price traded to a new 2020 high at $208 and it is currently consolidating los...