Did We Just Get a Confirmation of a Bull Run in Bitcoin?

2020-1-11 18:13

The world's leading cryptocurrency is again back above $8,000 after falling to nearly $7,650 yesterday. Up 2.20% in the past 24 hours, BTC/USD is currently trading at $8,052, as per Coincodex.

You had nearly 2 days to buy this ponzi below 8keks, I don't think the market will grant you another opportunity now

— Majin (@majinsayan) January 11, 2020

Bitcoin, however, is further expected to go up, so much so that former hedge fund manager Mike Novogratz “added some at 7700.”

As BTC makes a positive movement, altcoins are surging as well, emerging as the winners of the green market.

Bitcoin SV is in the lead with 20% gains while trading at $161.24 and Bitcoin Gold with over 18% gains. Other big gains involve Zcash (9.30%), Dash (8.14%), ETC (7.41%), EOS (7.30%), Litecoin (6.05%), and Bitcoin Cash (5.77%).

Source: Coin360

The altcoin in focus here is Litecoin. On-chain analyst Willy Woo says on the low time frame, LTC has been leading BTC and it has “already has broken the next resistance.”

As we have seen, LTC is up by 3.52% against BTC in the past 24 hours and 5% in the past 7 days. And LTC Woo points out,

“often leads if you are scalping low time frames or macro trading. Right now there’s critical signals from it.”

As for where we could go from here, Woo takes on-chain investor activity into account. As per the chart shared by Woo, investor activity in Litecoin has taken a much bigger upswing than BTC. Woo noted,

“LTC is already very bullish, while BTC is still consolidating around an early bullish swing.”

Just recently, he had shared that Litecoin difficulty Ribbon is in recovery, after going through the largest miner capitulation that the digital currency has ever faced. It should have a bullish breakout of its bearish channel, projected Woo. At that time, he said,

“I wouldn't be surprised if LTC to leads a bullish breakout of BTC.”

Then on Jan. 8, he further pointed out how 1 day RSI breakout of LTC will lead its price to break the six months long bear channel.

Promoted as the silver to Bitcoin’s gold, Litecoin uses much of the same code as Bitcoin’s blockchain but works on a cheaper and faster scale.

But Litecoin founder Charlie Lee selling all of his LTC holdings at its peak in December 2017 caused rumblings in the crypto community.

But Lee then tried to reignite some interest in LTC by announcing that privacy and fungibility would be coming to Litecoin. Currently, Litecoin Foundation along with David Burkett, a Grin++ developer are working on MimbleWimble implementation.

Also, LTC reward halving on August 5 triggered a short-lived price rally that has many trying to predict the Bitcoin price movement during its upcoming halving in May. Woo said,

“In a nutshell, I'm expecting a bullish run in BTC lead by LTC as a confirmation signal.”

Bitcoin (BTC) Live Price 1 BTC/USD =$8,104.5244 change ~ 1.33%

Coin Market Cap

$147.13 Billion

24 Hour Volume

$6.12 Billion

24 Hour VWAP

$8.11 K

24 Hour Change

$107.3914 var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD");

Similar to Notcoin - Blum - Airdrops In 2024

origin »

PonziCoin (PONZI) на Currencies.ru

$ 0.0009014 (-0.22%)
Объем 24H $0
Изменеия 24h: 15.77 %, 7d: 9.65 %
Cегодня L: $0.0009014 - H: $0.0009014
Капитализация $776 Rank 2331
Цена в час новости $ 0.0018208 (-50.49%)

nearly trading buy 052 days per ponzi

nearly trading → Результатов: 126


Bitcoin trading to USDT drops by nearly a quarter

Stablecoins volume have dropped. In the month of September as Bitcoin’s price took a tumble, so did the stablecoins. Seen to serve different sectors of the market, some as a trading hedge, some as a trading pair, or some as a crypto-investment bridge, stablecoins have a multitude of purposes, yet their use, in a sluggish […] The post Bitcoin trading to USDT drops by nearly a quarter appeared first on AMBCrypto.

2019-10-22 17:30


Ethereum’s breakout from flag pattern could drop price to $127

Ethereum has recovered considerably from its drop last month, and was valued at around $173, at the time of writing. The Ethereum network’s native token, ETH, also ranks 2nd in the list of the world’s largest cryptocurrencies, with a market cap of almost $19 billion and a daily trading volume of nearly $8 billion, according […] The post Ethereum’s breakout from flag pattern could drop price to $127 appeared first on AMBCrypto.

2019-10-16 19:30


Bitcoin investors fearful according to Crypto Fear & Greed Index

Investors are nearly as fearful as they were during the bear-market despair of January, where Bitcoin was trading below $4,000, according to the “Crypto Fear & Greed Index.” The index, scored 0-100, aims to provide a gauge of day-to-day sentiment in the market by measuring and aggregating data from volatility, volume, social media, surveys, and […] The post Bitcoin investors fearful according to Crypto Fear & Greed Index appeared first on CryptoSlate.

2019-10-3 22:34


Stellar Lumen Price Analysis XLM / USD: Turning Point

Stellar Lumen remains technically bearish across the short and medium-term The four-hour time frame shows that a bearish breakout from an ascending triangle pattern is underway The daily frame continues to show a head and shoulders pattern in play Stellar Lumen is attempting to build on recent trading gains, after the cryptocurrency recovered nearly thirty […] The post Stellar Lumen Price Analysis XLM / USD: Turning Point appeared first on Crypto Briefing.

2019-10-2 17:58


Tezos Price Analysis XTZ / USD: Battlefield

Tezos gives back recent trading gains and trades down nearly ten percent Short-term technical analysis shows a bearish head and shoulders pattern The daily time frame shows a large inverted head and shoulders pattern Tezos is coming under pressure in early week trading after giving back its recent trading gains and falling by over ten […] The post Tezos Price Analysis XTZ / USD: Battlefield appeared first on Crypto Briefing.

2019-9-10 15:50


Bitcoin Won’t Moon Before December, Q4 2019 is that Will “blow your mind”

Bitcoin above $10,000 but price did so nearly 20 times this summer BTC dominance chart “looks like the end to the bottom of a market” BitMEX CEO, Arthur Hayes: “We will be two-steppin’ straight to $20k” Last week, Bitcoin was trading at $9,300 and yesterday, we went up above $10,450. The leading cryptocurrency has made […]

2019-9-3 18:33


Google Stock Explodes Nearly 10 Percent Higher After Crushing Earnings

Quarterly earnings from Google parent Alphabet showed strong advertising growth. As a result, Alphabet’s stock exploded upwards by $96, or 8.5 percent, in after-hours trading. Does this signal a new upside push for FAANG stocks and tech stock bull market? Despite Amazon’s earnings miss, and the threat of a DOJ antitrust inquiry haunting the sector, things look […] The post Google Stock Explodes Nearly 10 Percent Higher After Crushing Earnings appeared first on CCN Markets

2019-7-27 04:00