Cryptocurrency

A trader and analyst by the name of Christopher Inks predicted in a tweet published this morning that Litecoin (LTC) is ready to pump in the next few weeks. In the post, he shared that the altcoin’s price is “primed to challenge the highs at ~$400.”According to the trader, a breakout above $110 would mean that LTC would at least climb to around $129.441 in the weeks that follow. He added that this target is around the first weekly resistance level’s pivot area. Meanwhile, at press time, the altcoin was changing hands at $92.52 after it gained 1.78% in the past 24 hours according to CoinMarketCap. This recent gain has added to LTC’s already-positive weekly price performance – pushing the total gain for the past 7 days to 14.14%. In addition to gaining against the Dollar, it was also able to strengthen against the two market leaders Bitcoin (BTC) and Ethereum (ETH) by 1.28% and 1.76% respectively in the last 24 hours.Daily chart for LTC/USDT (Source: TradingView)Last Wednesday, LTC’s price had broken above the $91.56 resistance level and closed the day’s trading session at $93.88. The next day, however, the altcoin’s price dropped back below $91.56 to close at $90.43. It was then able to recover yesterday to close back above the level at $92.42.Today will be a crucial indication of whether or not LTC’s price will continue to rise in the next 24-48 hours. A close above $91.56 will flip the level into support and clear a path for it to climb to $100.89 in the next couple of days. Conversely, a close today below $91.56 may put the altcoin’s price at risk of dropping to the 20 EMA line at around $87.73.A confirmation of the bullish thesis will be if LTC’s price is able to break above $94.89 within the next 48 hours. On the other hand, an early sign of its price potentially dropping to the 20-day EMA line will be if $91.56 is breached during today’s trading session.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Trader Predicted LTC May Post Near 4X Gains in the Next Few Weeks appeared first on Coin Edition.See original on CoinEdition More

According to Bill Morgan, a lawyer, and digital assets enthusiast, the public will know how many of William Hinman’s emails Ripple cited and included in its opposition and reply briefs on June 13. That is the date when the court expects Ripple to file the remaining allowed redactions in its case against the Securities and Exchange Commission (SEC).Morgan does not see the possibility of the public viewing all of Hinman’s emails relating to the case unless the parties include them in the summary judgment brief, opposition brief, or reply brief. William Hinman is a former SEC Director of the Division of Corporate Finance.The SEC earlier submitted a motion to seal Hinman’s emails and exclude them from the case. Judge Analisa Torres of the District Court of the Southern District of New York denied the motion.Ripple considers the motion denial another step toward victory in the ongoing case. The company’s CEO, Brad Garlinghouse, described the court’s decision as another win for transparency and said the lawyers would work through the mechanics and make the emails available to the public. The founder of Crypto Laws.us and Managing Partner of the Deaton Law Firm, John E. Deaton, believes Hinman’s emails contain details that contradict the SEC’s argument in the case against Ripple. According to Deaton, the emails will further highlight Hinman’s conflict of interest.Interested parties suspect that Hinman’s emails, when reviewed, would shed more light on the SEC’s internal discussions and viewpoints on the matter. It could provide information that would work against the SEC’s argument in its case against Ripple.Judge Torres also denied Ripple’s motion to seal for specific references, linking Ripple’s revenues with XRP sales. She denied third-party motions to redact identities and the names of public crypto trading platforms.The post Ripple to File Remaining Redactions on June 13 – Legal Expert appeared first on Coin Edition.See original on CoinEdition More

The past few days also brought a change in the winds to Ripple’s battle with the United States Securities and Exchange Commission (SEC), with a motion from the securities regulator to seal some records rejected by a U.S. judge. The move has been viewed as a victory for Ripple, which considers the documents key evidence in its costly dispute with the regulatory agency.Continue Reading on Coin Telegraph More

Facilitated by fine arts broker Sotheby’s, collectibles on sale included Tyler Hobbs Fidenza #725, Larva Labs Autoglyph #187 and Tyler Hobbs Fidenza #861. The highest sale amount was Tyler Hobbs Fidenza #725 at $1 million.Continue Reading on Coin Telegraph More

The price of Bitcoin (BTC) has been trading in the red zones since the start of this month after falling from the $30 price point. However, in a recent two-week Bitcoin Super Trend analysis, experts predict an imminent bullish surge in the crypto market. According to a Bitcoin technical analyst with the Twitter username CryptoCon, the Super Trend, which focuses on identifying key resistance levels, indicates two critical factors that could lead to higher prices.Firstly, the market is experiencing a healthy bout of resistance around the trend flip. According to the analyst, this resistance is a positive sign and an integral part of the natural market cycle. It suggests that crypto is undergoing a necessary consolidation phase before breaking into a new bullish trend.“Meeting resistance around the trend flip is healthy, and it is happening now,” noted the prominent crypto analyst. Furthermore, based on historical data, the analyst argued that significant price rallies often follow trend resistance. The presence of resistance before a massive bull run has been observed in previous Bitcoin market cycles, reinforcing the notion that the current resistance is a precursor to higher prices.As the market tests these resistance levels, investors are advised to exercise patience and avoid making impulsive decisions. “Higher prices are coming,” tweeted CryptoCon, advising investors to remain steadfast in the face of short-term fluctuations. When BTC was below $19k earlier this year, crypto analysts and experts argued it was the best time to accumulate Bitcoin sats as there may be no lower point after that. The coin has since risen above $30k, one of its highest points recently. Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Two-Week Bitcoin Super Trend Analysis Points Towards Higher Prices appeared first on Coin Edition.See original on CoinEdition More

A crypto trader and analyst by the name of Crypto Rover shared in a tweet this morning that he is bullish on Dogecoin (DOGE) after the meme coin was able to print higher lows over the past few weeks. During the last 24 hours, however, DOGE was one of the many cryptocurrencies that suffered losses heading into the weekend.The crypto market tracking website, CoinMarketCap, indicated that DOGE was trading hands at $0.07343 after a small 0.05% price decrease over the past day. This meant that DOGE was trading closer to its daily low of $0.07323 than its daily high of $0.07396.DOGE’s price drop also resulted in the meme coin weakening against the two market leaders, Bitcoin (BTC) and Ethereum (ETH). At press time, DOGE was down against BTC by 0.22% and down against ETH by 0.38%.The drop in DOGE’s price was not enough for its weekly performance to fall back into the red as, at press time, DOGE was up by 1.77% over the past seven days. Meanwhile, its 24-hour trading volume suffered a more than 50% loss throughout the past day, and stood at $137,654,992.Daily chart for DOGE/USDT (Source: TradingView)DOGE’s price had recently reclaimed a position back above the 9-day EMA line and was looking to do the same with the 20-day EMA line. However, the slightly negative slope of the daily RSI line suggested that BTC had lost some of its bullish momentum and would not be able to overcome the longer EMA level.Should bulls step in before the end of today’s trading session, then there is still a chance that BTC’s price will flip the resistance level at $0.07737 into support. It may also look to do the same with the next resistance level at $0.08193. Conversely, a close back below the 9-day EMA line today may result in BTC dropping to $0.06926 in the next 48 hours.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Trader Believes Now Is a Good Time to Buy Into Dogecoin (DOGE) appeared first on Coin Edition.See original on CoinEdition More

The crypto trader and analyst, Crypto Rover, predicted in a tweet this morning that a weekend breakout for Bitcoin (BTC) is imminent. This is after a parallel wedge had formed on BTC’s 3-day chart. At press time, CoinMarketCap indicated that BTC had printed a 0.25% gain over the last 24 hours. As a result, the price of Bitcoin (BTC) stood just below the key $27K level at $26.9K. This added to the leading crypto’s already-positive weekly price performance – taking the total weekly gain to +0.28%.BTC was unable to replicate its positive performance against the Dollar with its biggest competitor, Ethereum (ETH). At press time, BTC was down 0.15% against ETH.Daily chart for BTC/USDT (Source: TradingView)BTC’s price closed below the psychological $27K level on Thursday following a more than 2% drop in the day’s trading session. Yesterday, it had attempted to reclaim a position back above the key level, and reached a high of $27,183, but retraced to close yesterday at $26,880.The breakout predicted by Crypto Rover may be a rally given that a significant bullish flag was on the verge of triggering on BTC’s daily chart. At press time, the daily RSI line was looking to cross bullishly above the daily RSI SMA line. In addition to this, the daily RSI was in oversold territory.Should these two lines cross, BTC could climb back above the $27K mark before moving towards $27,723.73. On the other hand, if BTC’s price breaks below the next support level at $26,300, then it will drop sharply to the next support level at around $24,700.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post BTC Will Experience a Strong Move This Weekend, Says Trader appeared first on Coin Edition.See original on CoinEdition More

Sui (SUI) was one of the many cryptos in the red today according to the crypto market tracking website, CoinMarketCap. At press time, the altcoin’s price stood at $1.12 following a 1.35% drop in the past 24 hours.In addition to weakening against the Dollar, SUI’s price also dropped against the market leaders Bitcoin (BTC) and Ethereum (ETH). As a result, it was down 1.35% against BTC and 1.65% against ETH. Furthermore, the crypto was trading very close to its daily low of $1.11.4-hour chart for SUI/USDT (Source: TradingView)At press time, SUI’s price was resting near a key support level at $1.1181, and technical indicators suggested that it would flip the support into resistance in the next 24 hours. The 9 EMA line on the 4-hour chart was trading bearishly below the longer 20 EMA line. In addition, the RSI line was trading bearishly below the RSI SMA line.This bearish move looked as if it was coming to an end, since the RSI line was looking to cross above the RSI SMA line. Should this cross happen, it would signal that bulls successfully defended the support level.Given the fact that SUI was trading below the 9 and 20 EMA lines on its 4-hour chart, traders may want to wait for it to reclaim a position above the 2 EMA levels before entering into a long position. On the other hand, SUI dropping below $1.1181 would be a signal to short the altcoin, as its price will likely drop to $1.0768.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post SUI’s Price Hangs on a Thread as It Rests on a Key Support Level appeared first on Coin Edition.See original on CoinEdition More