Wish you bought Litecoin and other top alts at mid-2017 prices? Here’s your second chance

Several crypto assets are currently priced near their mid-2017 valuations, potentially offering a second chance to latecomers. One major caveat, however — these assets may never reach their highs again, or even rise at all from here. Buyers beware and do your own research.  Litecoin (LTC) sat at a price of around $33 on June 11, 2017, according to a historical snapshot from CoinMarketCap. Its current press time price trades slightly higher, at around $46 — a dramatic difference from its all-time highs near $365.  Ethereum (ETH) held a price of…

Here’s Why Ethereum Rival Avalanche May Be a Bull in Making

Avalanche started trading on Binance with a bang. The latest Ethereum rival saw its native token, AVAX, rising by more than 1300 percent in its first hour of trading on September 22. A jump from $0.85 to $12.54 was enough for attracting profit-takers. Thereby, a strong sell-off ensured, and the price crashed. But despite the bearish correction, AVAX/USD up by 450 percent from its exchange rate open. The pair is consolidating sideways, showing a minimal inclination to extend its move lower. On the other hand, it appears that the token…

Chainlink (LINK) Rallies 20%, But Here’s Why It Could Reverse Gains

Chainlink (LINK) recovered sharply from the $7.35 support zone against the US Dollar. The recent rally is now facing a strong resistance near the $10.00 zone and the 100 SMA (H4). Chainlink token price started a strong upward move from the $7.32 low against the US dollar. The price is now facing hurdles near the $10.00 resistance and the 100 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $9.00 on the 4-hours chart of the LINK/USD pair (data source from Kraken).…

Here’s What Analysts Are Saying About Bitcoin As It Plunges 16%

Bitcoin continued its tumbling on Wednesday under the pressure of a rising US dollar. Safest Haven Returns The cryptocurrency plunged by up to 1.43 percent to hit an intraday low at circa $10,389. Its latest move downside came as a part of a larger bearish correction that began when BTC/USD had formed a year-to-date top at $12,486 on August 17. Now trading at $10,469, the pair was down by 16 percent from its yearly top, showing a plunging demand for Bitcoin at higher levels. The selling pressure increased particularly as…

Ripple (XRP) Near Crucial Juncture: Here’s Why It Could Decline Sharply

Ripple failed to extend gains above $0.2580 and declined sharply against the US Dollar. XRP price is likely to decline heavily if it breaks the key $0.2300 support zone. Ripple is now trading well below the $0.2400 and $0.2380 support levels against the US dollar. The price is facing many hurdles and it is now well below the 100 simple moving average (4-hours). There was a break below a crucial bullish trend line with support near $0.2440 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The…

Ethereum Price Action Suggest More Downsides Below $330: Here’s Why

Ethereum is struggling to recover above the $345 and $350 resistance levels against the US Dollar. ETH price is likely to continue lower below $330 unless it recovers above $355. Ethereum corrected a few points higher, but it failed to climb above the $350 level. The price is declining below $345 and it is well below the 100 hourly simple moving average. There was a break below a key contracting triangle with support near $340 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to…

Here’s What Could Be Fueling Uniswap Token’s Rapid Descent Below $4.00

Uniswap’s newly released governance token – called UNI – has seen some immense volatility in the time following its launch. After rallying from lows of $1.00 to highs of $8.50, the cryptocurrency’s price has been descending rapidly. It appears that those who received 400+ tokens as a result of the recent airdrop are beginning to sell them to sure up their free profits, while the present lack of incentives for token holders continues placing pressure on the token. It has now broken below $4.00 and appears to be poised to…

Ethereum Tumbles To $330: Here’s A Crucial Support Turned Resistance

Ethereum is down over 8% and it broke many key supports near $355 against the US Dollar. ETH price is currently consolidating losses and it is likely to face hurdles near $355 or $362. Ethereum started a sharp decline from the $375 resistance and broke the $355 support. The price is finding bids above $330, but it is now well below the 100 hourly simple moving average. There is a short-term breakout pattern forming with resistance near $348 on the hourly chart of ETH/USD (data feed via Kraken). The pair…

Bitcoin Dives To Key Support: Here’s Why BTC Could Extend Losses

Bitcoin price failed to stay above the $10,750 support and declined sharply against the US Dollar. BTC is holding the $10,200 support, but there is a risk of more downsides. Bitcoin is down 5% and it broke the $10,750 and $10,550 support levels. The price is holding the $10,300 region, but it is well below the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $10,470 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but…

After 16% drop, traders target $250 Ethereum price — Here’s 3 reasons why

The crypto market saw a significant correction today and Ether (ETH) price did not escape the carnage. In the last 24 hours, the top altcoin recorded a 12% drop as the price fell to $331. In the same period, Bitcoin (BTC) price slipped by 6.3% to find support near $10,300. Ether’s decline comes after a head and shoulders pattern became clear on the daily timeframe and the price slid into a shart downtrend over the past four day.  ETH/USD 1-week chart. Source: TradingView.com Three reasons are likely behind Ether’s poor…