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LTC Price Analysis: Litecoin Coils Within a Zone, Awaiting Breakout

LTC price falls 30% this week Support at $250 has held LTC thus far LTC price must break & hold $276 for try at 2021 high LTC price had a rough week falling nearly 30% from its high of $333. A recent mining center blackout in China left the cryptocurrency markets in the red the

The post LTC Price Analysis: Litecoin Coils Within a Zone, Awaiting Breakout appeared first on Coingape.

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  • LTC price falls 30% this week
  • Support at $250 has held LTC thus far
  • LTC price must break & hold $276 for try at 2021 high

LTC price had a rough week falling nearly 30% from its high of $333. A recent mining center blackout in China left the cryptocurrency markets in the red the past few days. LTC was not immune to this market fall. Investors have been waiting a break of $333 as LTC has yet to reach its ATH although many other coins have. 

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Looking at the last few days of price action, it is evident LTC price is stuck inside a zone. The bulls and bears are fighting it out within the price zone of $250-$276. The chart has been ping ponging awaiting the next direction. Once LTC manages to break and hold one of these key marks, the trend should follow suit. At the time of writing, the 4 HR MA 100 is holding the price up.

LTC Price Analysis: LTCUSD 4 Hour Chart

Chart By TradingView

LTC has been floating above a near 30 day long trend line. The price has bounced off this trend nearly 4 times. If the bulls lose control and this trend breaks, LTC risks a -12% fall to key support zone of $219. In the case that the bears lose steam, LTC must break above $276 and hold to experience a bullish price movement. At the moment it is too hard to pick a direction, the best thing to do is to await a break of either mark to stay unbiased. 

While viewing the Stochastic RSI, we can see that the strength was rejected near the overbought dotted line. The strength must continue upwards & break into overbought to experience a price revival over the major resistance line. The regular RSI has been coiling within an ascending channel. This shows investors uncertainty of the impending move on the Litecoin chart. A break of either side of the channel will result in the according price movement.

LTC intraday levels 

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  • Spot rate: $260
  • Trend: Sideways
  • Volatility: Low
  • Support: $250
  • Resistance: $276

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Source: https://coingape.com/ltc-coils-within-a-zone-awaiting-breakout/

Blockchain

SafeMoon Army Gears Up To Uplift the Price, Yet Needs To Be Programmed!

safemoon jump

The post SafeMoon Army Gears Up To Uplift the Price, Yet Needs To Be Programmed! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Safemoon gained the trader’s attention in a very short stipulated time frame by rising from nowhere to $0.00001375. Since then the price could not regain the lost levels despite a couple of attempts of upswing. However, with increased market sentiments and positive mentions, the asset remains the hottest trend despite the Safemoon price experiencing a …

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Safemoon gained the trader’s attention in a very short stipulated time frame by rising from nowhere to $0.00001375. Since then the price could not regain the lost levels despite a couple of attempts of upswing. However, with increased market sentiments and positive mentions, the asset remains the hottest trend despite the Safemoon price experiencing a slump.

The token gained wide recognition with the launch of the beta sign up for its wallet for only the first 500 people. The wallet is said to be a secure place to store and trade Safemoon, with additional features like Simplex integration, dark mode, contact lists, etc. And hence, this announcement uplifted the assets price to some extent.

safemon

No doubt, the price remained above the levels, yet it appears that the Safemoon price is plateauing with no significant change. Despite the narrow trend, the asset is still among the hottest trends in the market with notable social mentions. 

Also Read: Will Jeff Bezos & Kim Kardashian Take “SAFEMOON to the Moon”?

Will The Crypto Space Witness Safemoon VS Dogecoin?

The entire crypto space is familiar with the fact that Tesla CEO, Elon Musk is a huge proponent of Dogecoin. And moreover, Amazon CEO, Jeff Bezos had also shown his interest in the digital asset. The scenario flipped when Elon Musk called himself a ‘Dogefather’ in an SNL event which might have irked Bezos.

In an interesting update, some of the social media platforms and telegram channels speculate Jeff Bezos may invest billions in Safemoon. The main aim would be to rally the Safemoon price to $1 before the Dogecoin price.

The cold war between the two giants has been viewed in many instances. And if it results in a brawl, then both the assets may be impacted positively to a larger extent. However, there is no such official confirmation from Jeff Bezos. As the story stands on the basis of the rounds on the social media platform.

Also Read: Bitcoin Price Likely To Experience A Death Cross This Weekend, What’s Next?

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinpedia.org/defi/safemoon-army-gears-up-to-uplift-safemoon-price/

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Blockchain

Non-Fungible Tokens Are The Future

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@caseyimafidonGreenlabzmedia

I have contributed on top tier platform, Inc, Success, Thoughtcatalog, name it!

If you are an artist, graphic designer or animator, you may
have heard about NFTs or Nifties.

So what is an NFT?

NFT stands for Non-Fungible Token. It is a digital asset, like artwork, that’s verified using blockchain technology. It is the exact same technology that’s used for all the cryptocurrencies, like Bitcoin, Ethereum, Dogecoin, and all the others. This blockchain technology uses a network of computers to record transactions and gives buyers proof of authenticity and ownership. It’s a way for digital artwork to have provenance basically – sort of a digital footprint that shows the origin and the buying and selling of a piece of artwork over time. An artist will make a digital piece of art, let’s say it’s an animate GIF, and sell a limited number on NFT marketplaces. Once that limited number runs out, there are no more available.

So you might be saying “well if it’s an animated GIF, I can just copy it and download it onto my phone, and I’ll own it too, so why are people paying tons of money for these?”

Yes, it’s true that you can get an exact copy, but you don’t really own the ‘real, authentic’ artwork itself without blockchain verification.

So it‘s a similar idea with the Mona Lisa – let’s say you had someone make a copy of the Mona Lisa, and none of your friends could tell the difference. But the real Mona Lisa has a provenance, which is a way to prove the buying and selling history all the way up to the current owner. And that’s what the blockchain technology does.

The big sellers right now are images, GIFs, songs and videos. And just like everything else, supply and demand are driving the price. Since NFTs are scarce, and collectors want them, they’re willing to pay a lot of money for them. Some people are also seeing them as an investment, because they have the option to resell the NFT for a higher price later on.

It might seem a little crazy right now, but this is probably the direction artwork sales are headed. I guess we’ll see, right? Who knew that baseball cards, which are just pieces of cardboard with some ink on them could be really valuable?

If you’re a talented digital artist, you should probably get on one of the NFT sites now and give it a shot! I will recommend ARTDECO but first and foremost, who are they?

About ARTDECO:

ARTDECO is a marketplace aiming to link sellers (typically content creators such as digital artists, model creators or meme makers) with buyers who can select pieces they wish to purchase. To turn their work into an NFT, creators must first “mint” a token using ARTDECO’s Dapps. Similar to other tokens on Binance, the NFT can be transferred between wallets using ARTDECO’s software.

ARTDECO leverages the Binance blockchain to embed within an NFT’s code the full history of its owners and transactions. Of note, when a transaction goes through, both the buyer and the seller have to pay transaction fees that go to the ARTDECO network.

One interesting feature of NFTs is the ability to program royalties, or the rights to future cash flows, within these assets. This means that creators on ARTDECO can set a percentage of future sales and collect them automatically by issuing a token. This is a major feature drawing creators to this technology, because unlike with traditional content platforms, NFTs can be designed to pay out royalties immediately. For instance, if a piece of digital art listed a 10% royalty, the creator would receive 10% of any consequent sale of that art.

ARTDECO is on a mission to evolve towards a Decentralized Autonomous Organization (DAO), where all decision rights will belong to the platform users.

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Source: https://hackernoon.com/non-fungible-tokens-are-the-future-mp3732fc?source=rss

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Blockchain

DAO Maker (DAO) and Kyber Network (KNC) Technical Analysis: What to Expect?

Kyber Network and DAOMaker prices are still fragile. KNC/USDT may retest $2.3 in the short term, while DAO/USDT bulls are open for $3.5.

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Kyber Network and DAO Maker prices are still fragile, feeble despite traders’ optimism. KNC/USDT may retest $2.3 in the short term, while DAO/USDT bulls are open for $3.5.

DAO Maker (DAO)

DAO is the governance token of the platform seeking to create growth technologies and funding frameworks for startups.

Past Performance of DAO

Presently, prices are looking up after the plunge in the first half of Q2 2021.

Bottoming up from the 78.6 percent Fibonacci retracement level of the Q1 2021 trade range, there are tinges of strength that must be confirmed.

READ  Bitcoin Whale Withdraws 15,909 BTC from Bitfinex

DAO is firm, confirming gains of last weekend.

Day-Ahead and What to Expect

If the middle BB guides, the path of the least resistance is southwards.

Even so, the close above $3 may provide the necessary foundation for more gains in the days ahead.

For the first time in more than a month, DAO/USDT is trending above the 20-day moving average.

DAO/USDT Technical Analysis

DAO Price Daily Chart for June 17

A market-wide recovery may boost DAO bulls, lifting confidence.

Sustained gains above $3 confirm a breakout. In that case, risk-off traders can load dips, aiming at $3.5.

Meanwhile, a change in fortune forcing DAO below $2.5 deflates bulls’ attempts.

Kyber Network (KNC)

The DEX is where traders can swap tokens without an intermediary. Their partnership with Polygon makes trading Gas-free. KNC is their primary token.

READ  Maker (MKR), Uniswap (UNI), and Origin Protocol (OGN) Technical Analysis: Bulls Next

Past Performance of KNC

KNC/USDT is confirmed in tight ranges in a defined downtrend.

Although there are signs of bulls, $2.3 still proves to be a strong liquidation line.

However, higher highs above the minor support trend line fortify bulls, cementing their resilience.

At press time, KNC hast posted marginal gains across the board, adding eight percent against ETH.

Day-Ahead and What to Expect

Presently, KNC prices are down 40 percent from Q1 2021 peaks. Even so, prices are flat-lining with resistance at $2.5.

The minor support trend line visible in the daily chart props bulls.

A close below $1.5 shifts strength to bears.

KNC/USDT Technical Analysis

KNC Price Daily Chart for June 17

KNC/USDT prices are within June 13 bull bar, signaling strength and bulls.

As such, if there is expansion above $2, confirming the double bar bullish pattern, risk-averse traders may find loading opportunities targeting $2.3—or March and April 2021 lows.

READ  Top Altcoins to Watch Out For This Alt-Season

Further gains may lift KNC/USDT towards $4.

On the other hand, KNC may collapse if $1.2 fails, mirroring losses of May 2021.

#DAO #DAO/USDT #DAOMaker #DeFi #KNC #KNC/USDT #Kyber Network

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/dao-maker-dao-and-kyber-network-knc-technical-analysis-what-to-expect

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Will Jeff Bezos & Kim Kardashian Take “SAFEMOON to the Moon”?

safemoon

The post Will Jeff Bezos & Kim Kardashian Take “SAFEMOON to the Moon”? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Since Billionaires endorsing crypto tokens is becoming a thing now, rumors have it that Jeff Bezos is planning to invest billions in SafeMoon cryptocurrency and will soon take on Elon Musk’s Dogecoin.  It was previously rumoured that Bezos would invest billions in Dogecoin following Tesla CEO Elon Musk. However, Bezos never acknowledged the claims nor …

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Since Billionaires endorsing crypto tokens is becoming a thing now, rumors have it that Jeff Bezos is planning to invest billions in SafeMoon cryptocurrency and will soon take on Elon Musk’s Dogecoin

It was previously rumoured that Bezos would invest billions in Dogecoin following Tesla CEO Elon Musk. However, Bezos never acknowledged the claims nor rubbished them. 

Several crypto groups on Telegram say that Bezos aims to get SafeMoon to $1 before Musk gets Dogecoin to that level. As a result of rumors like these, investors have increased their investments in SafeMoon with the expectation of profiting from Bezos’ stake.

If you think this is too much drama already, there’s more up your alley. SafeMoon lovers have huddled up to get TV star Kim Kardashian’s attention. This comes after she announced Ethereum Max. Her advertisement for the tech crypto on Instagram got a lot of traction. 

Etheruem Max skyrocketed after Kim K lauded the crypto. In a few minutes, the crypto burned nearly 400 billion tokens, i.e 50% of its portfolio. She also attached a link to the post. 

Since then, thousands of passionate posts for Safemoon have filled Kim’s Instagram profile. The celebrity has yet to speak on the topic, but investors are hopeful that she will do so soon.

SafeMoon price soared 27% after breaching the support level at $0.00000344 for the 5th time in the last 10 days. The token has ripped the 50% Fibonacci retracement level at $0.00000397 and struck resistance at $0.00000450 after a rapid spike in a bullish trend.

The price will most likely face a slight retreat to the immediate support, which is the range’s midpoint at $0.00000397, after such a rapid run. SafeMoon may consolidate or continue its ascent at this point. If the altcoin breaks through the resistance level at $0.00000450, it might rally by 16%.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinpedia.org/altcoin/jeff-bezos-kim-kardashian-take-safemoon-to-moon/

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