The price action of Litecoin of late has been solid. Basically it has held the levels it needs to hold to have the full bullish designation remain intact.
Another moment of truth
Right now LTC is testing the 108 area that it breach a few days back. After breaking though a level a successful test is actually desired and bullish. It also makes for a more orderly move.
So that is where price is right now. The question is will it succeed. So far it is holding in steady but that doesn’t guarantee it will continue to do so.
The good news is this
The threat of a global slowdown looms, due mostly to tough trade negotiations between the U.S. and China. And as usual, markets price stocks with the forward valuations in mind.Already, resource stocks are down in anticipation of slower economic activity ahead. Some companies tried to head off the decline in stockholder value by splitting up their units to realize the value of the parts. DowDuPont (DWDP – Get Report) split off Dow on April 1 but its shares keep falling.DowDuPont dipped suddenly in the last month, potentially due to nervousness over the reverse share split. More likely, markets are over-reacting
Markets are ever changing and that is no different for real estate. Though there is the broader real estate market the localized markets within it have their own character too. Keeping a gauge on both is key to knowing when to shift.
What worked for the past five years may not work anymore. Think about anyone that was buying Bank REO’s (bank owned foreclosures) from 2011-2016 – those layups are gone. There isn’t more supply than demand anymore and banks are listing these near fair market value.
That is a very specific example of when an adjustment needs to be made, some
On 4hr chart, testing the SR zone of 8300. Possible to slide some more towards the channel bottom around 7900 zone. On daily chart, possible HS, neckline could be around 7300 near closing or the shadow lows around 6500 which is about the big channel breakout previously.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :122
Total marketcap :262
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
We have all seen long-term Bitcoin charts with repetitive cycle overlays on them. I have published a fair share of them myself. Charts such as this:
I like patterns as much as the next guy does, in fact – I base a lot of predictions on repeating patterns. But I have a problem.
Right now BTC is not adhering nicely to any of my patterns. It started climbing hard in April, three months too early by my calculations, and now it just keeps on climbing! Every time I expect a 20-35% retracement, BTC laughs at me and adds another $1000 to its
I last wrote about Corn a little over a month ago,
Ag Analysis Report – 4/21/19…Is Corn Forming A Bottom???
Despite China considering a U.S. request to shift some tariffs on key agricultural goods, despite price forming lower highs and lower lows, price was respecting short and longer term up trendlines.
In a record-breaking wet spring, flooding in key farming regions has caused unprecedented delays to planting, causing lower-than-expected inventory levels. In corn, 58% of the intended planting has been done, compared with 90% at this point historically. “Now the market’s in a situation where you’re going to have very low
EduCoin (Huobi: EDUBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, EduCoin began a wave one advance on January 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 15. If this wave count is correct, EduCoin should be heading next towards the April 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
The EduCoin platform is designed to be a blockchain-based decentralized global education service platform. You can view their development plan below.
The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time.
The announcement also notes that there are no transaction fees associated with EOS; the cost is instead paid in computing resources, such as a tax on RAM, CPUs, or network bandwidth. Users that run the network also earn EOS by contributing to the computational power needed to run transactions.
The world’s biggest social media company appears dead-set on launching its own cryptocurrency.
Facebook has yet to announce plans publicly but media reports on its crypto ambitions have emerged over the past six months, painting a partial picture of how the social network wants to capitalize on blockchain technology.
In short, a team led by former PayPal president David Marcus is building an asset-backed cryptocurrency, one designed to operate within the company’s existing messaging infrastructure (WhatsApp, Instagram and Facebook Messenger).
The most recent news on the project comes from the BBC, with the British outlet reporting that the cryptocurrency – called “GlobalCoin” internally – will launch in “about a dozen countries by the first quarter of 2020.”
At a fraught moment for government-industry relations, U.S. regulators and cryptocurrency insiders are sitting down for a meeting.
The Securities and Exchange Commission (SEC) will convene its first FinTech Forum Friday at the agency’s headquarters in Washington, D.C., discussing a range of issues related to digital assets and distributed ledger technology (DLT). The speaker roster includes a dozen legal, financial and technical experts, as well as several key SEC officials.
Yet while some see an opportunity to air the industry’s concerns and get a better understanding of the SEC’s perspective, the forum comes at a time when some major crypto firms are taking a more aggressive tack.
“If you’re unhappy with bitcoin culture, sorry, you’re the problem. Bitcoin is better off without you—you’re not cut out for the challenges ahead. You’re not good under pressure, you’re too sensitive, and you lack conviction.”
United Statesinsurance giant State Farm and military-affiliated bank United Services Automobile Association (USAA) are testing a blockchain-based subrogation solution with real claims data. State Farm announced the development in an official press release on May 30.
The two insurance titans are using blockchain technology to automate and streamline the subrogation process in insurance claims.
The platform purportedly allows them to automatically compile total payments, net the balance, and conduct a regularly scheduled payment between insurers. State Farm states that the blockchain solution is being tested with real claims data.
Hydrogen platform will release Hydro Pay and TIDE whitepaper by end of May.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Today, we continued to test the resistance line at 0.43$ but we haven’t been able to stay upper and close a candle on that level. The correction is now starting and we already break 2 support line and we are now under 0.39$. Next support line is at 0.34$ so let’s hope this one will hold us.