Bitcoin, Bitcoin Cash, and Binance Coin Price Prediction and Analysis for August 17th: BTC, BCH, and BNB

bitcoin bitcoin cash binance coinBitcoin Price Analysis (BTC/USD) On an intraday chart, the price of BTC/USD pair has further dipped from the previous price of 10473.00 and is currently changing hands at $9917.57 that translated to an intraday dip of 5.3%.  The bulls seemed to have lacked the means or strategy to pull up the market momentum. This was reflected by the 21 day MA that hovered above the 7 day MA over the last 24hrs. The RSI was also seen trading below the oversold territory that signaled a buy sign.  This also confirmed sellers have the upper hand.  At around 06:00 traders brought

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Ethereum Price Prediction and Analysis For August 16th – ETH Declining, Crypto Community Expecting Growth

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The second cryptocurrency in terms of capitalization, the Ethereum, continues a declining correction. The test of the important support level of $165 is close; if it happens, the buyers will have to demonstrate a bounce in order to prevent further decline. It is possible that the ETH is falling in connection with a strong correction of the Bitcoin. All altcoins, in general, remain under pressure, and some say that the times of the bullish rally are nearly over. However, on August 10th, 2019 Nick Patel carried out a poll on his Twitter account,

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Monero, Cardano and Stellar Price Prediction and Analysis For August 15th – XMR, ADA, and XLM

Monero Price Analysis (XMR/USD) On an intraday chart, XMR/USD has experienced significant loss over the last 24hrs.  The bearish pressure was bolstered by the 21 day moving average that strongly traded above the 7 day moving average throughout the intraday. XMR has down surged by 6.6%, having begun trading yesterday at $90.65.  It is now changing hands at $84.64 signaling a bearish sign. The Relative Strength Index indicator has shown a decrease in investor’s sentiments since it was seen hovering below level 30 most of the times, which is marked as an oversold market territory. However, the RSI indicator later

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XRP Price Analysis and Prediction for August 13th – Ripple and MoneyGram Will Beat Libra by Facebook

TheMerkle Ripple Rippled Scaling ValidationBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex Presently, the XRP cryptocurrency is the third one on the market in terms of capitalization, which is $12.8 billion. The XRP is currently trading at $0.2975. Unfortunately, this digital asset has been declining recently, testing local minimums, as well as other altcoins. Anyway, Ripple has become a partner of MoneyGram, investing $30 million in the second-largest company in the field of money transmissions. The blockchain company is planning to invest $20 million more in the upcoming two years. Such cooperation may become a good help to the digital asset, so that the quotations

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Litecoin Cryptocurrency Price Prediction and Analysis – LTC Keeps Declining Regardless Of Halving

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The Litecoin, presently being the fifth cryptocurrency in terms of market capitalization, has halved the payments to miners. Another halving has reduced the payment for a block from 25 LTC to 12.5 LTC; at the same time, the difficulty of mining has grown by 200% since the end of December 2018. What is more, this event may influence the general interest to mining the “digital silver”, because formerly popular gadgets will no more be able to generate enough digital assets to fully make for the expenses. Presently, the time of production of blocks

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Bitcoin, Tron and Litecoin Cryptocurrency Price Prediction and Analysis For August 8th: BTC, TRX, and LTC

Bitcoin Price Analysis (BTC/USD) On an hourly chart, the price of BTC/USD pair has succumbed an intense bearish pressure.  Having begun the session yesterday trading at $12197.51 that was followed by a false breakout that rolled the price down to currently changing hands at $11624.60. The downward move was seen sharply during the U.S. trading session that dipped the price down by 4.7% over the last 24hrs.  The downtrend was pushed by the 21 day MA that is above the 7 day MA. The RSI indicator also seemed to have reflected the bear market since it moved sharply from the

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