With 2019 safely in the history books and no sights of the Warren Buffet lunch, the Tron community is definitely hoping to see more partnerships and zero gimmicks in 2020. A few days ago, Tron CEO hinted at a new partnership with Apple co-founder Steve Wozniak after the pair had lunch together.

Now, in a tweet on Saturday (January 25), the CEO has revealed that he had a meeting with Litecoin Founder Charlie Lee.

As per Justins post, he met with Charlie Lee where they discussed bitcoin (BTC) and their respective blockchains. Sun then threw in a little teaser that he and Lee discussed some secrets.

Per usual, this tweet raised a lot of speculations about a possible Litecoin and Tron collaboration.

Suffice it to say, weve got to hand it to Justin for making big moves. In late December last year, blockchain-based streaming platform DLive began its migration to the Tron blockchain where it would be merging with Trons BLive. More recently, adult video giant Pornhub announced that its models can now receive payments in Tether (USDT) via the TRONLink wallet.

So, the big question is, did Sun manage to score a partnership with Litecoins Lee as well?

Notably, no further details about the conversation with Charlie Lee have been provided yet and this could have been nothing more than a simple meeting. Also, given Suns record with announcements gone terribly wrong, the secrets that he discussed with the Litecoin founder are anyones guess.

In the past, Justin Sun has graced headlines in the mainstream press all around the world. He has, however, always sparked mixed feelings within the crypto-verse. Some in the crypto industry have applauded the young entrepreneur for drawing attention to Tron (and the crypto space in general) with his eccentric marketing skills, while others have simply called his tactics misleading. This is especially because of Suns history of making an announcement about a big announcement.

Perhaps the most notable pratfall was the lunch with legendary investor Warren Buffet. After paying top dollar to have lunch with the billionaire and a few invited guests, Sun unexpectedly canceled the meeting apparently due to kidney stones. He later apologized to the crypto community for canceling the luncheon while admitting that he had excessively marketed the lunch.

TRX has not been moved by the recent Justin Sun announcement. The asset recently moved up to No. 10 spot on CoinMarketCaps rankings but it has since slipped to position 12. Tron (TRX) is currently valued at $0.016234 with 1.53% losses on the 24-hour adjusted timeframe.

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Trons Justin Sun Had Secret Talks With Litecoins Charlie Lee. Is a Partnership On The Cards? - ZyCrypto

In its latest report, Binance Research addressed the market performance of Bitcoin, Binance Coin, and other large-cap crypto-assets, while also expanding on the correlation between these assets over 2019. According to the Malta-based exchanges research team, only four of the ten largest cryptocurrencies partially sustained their substantial price gains from the first half of the year.

Bitcoins price climbed by 87%, however, it was outperformed by Binance Coin (BNB), the exchanges native token which rose by around 130% in 2019. Litecoin and Bitcoin Cash also netted positive gains of 30% and 25%, respectively, in 2019. The report also expanded on how the adverse movements among most large market capitalization crypto-assets had started back in Q3 of last year, before continuing into Q4.

The report said,

While only three assets, Tezos (XTZ), NEO, and Bitcoin SV (BSV) started recovering their price, all price movements slowed down drastically, indicating a potential stabilization of the market.

Only Tezos, Huobi Token, BNB, and ChainLink showed higher price appreciations than Bitcoin over 2019, represented by increasing market dominance of the original cryptocurrency over the year. While its dominance slowly declined during the fourth quarter of the year after peaking in Q3, Bitcoins dominance over the year rose from 52% at the start of 2019 to 68% by its end.

Binance Research also compared Bitcoins market dominance to its trading dominance, something that Binance defined as the respective volume contribution from Bitcoin trading, with BTC as a base currency, relative to the total spot volume on a platform.

According to the report, this ratio started at close to 20% on 1 January 2019, before briefly falling to 10% in March 2019. This meant that only 10% of the trading volume was against Bitcoin as a base asset. Since then, the report highlighted that this ratio kept increasing to between the 45-50% marks and stabilizing at around 40% for the rest of the year.

Binance Research also claimed that the ratio between market dominance and trading dominance can be used as an indicator for relative interest in Bitcoin and that it may allow for a general estimation of the current market perception of altcoins.

Read the rest here:

Binance Coin was 2019s best performer; outperformed Bitcoin, Litecoin - AMBCrypto News

Litecoin

Litecoin fell by 0.62% on Wednesday. Following on from a 0.59% decline on Tuesday, Litecoin ended the day at $40.08.

A bearish start to the day saw Litecoin fall from an early morning high $40.38 to a late morning intraday low $39.36.

Steering clear of the major resistance levels, Litecoin fell through the first major support level at $39.50 before striking a mid-day intraday high $40.39.

Through the 2nd half of the day, Litecoin found support at the first major support level for a 2nd time before recovering to $40 levels to limit the loss on the day.

At the time of writing, Litecoin was down by 0.6% to $39.84. A bearish start to the day saw Litecoin fall from an early morning high $40.13 to a low $39.76.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to move back through to $40.00 levels to support a run at the first major resistance level at $40.53.

Litecoin would need the support of the broader market to break out from the morning high $40.13.

Barring a crypto rally, however, the first major resistance at $40.53 and Wednesdays high $40.39 would likely cap any upside.

Failure to move back through to $40.00 levels could see Litecoin slide deeper into the red.

A fall back through the morning low $39.76 would bring the first major support level at $39.50 into play.

Barring an extended sell-off, however, Litecoin should steer clear the second major support level at $38.91.

Major Support Level: $39.50

Major Resistance Level: $40.53

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen fell by 1.17% on Wednesday. Reversing a 0.24% gain from Tuesday, Stellars Lumen ended the day at $0.044534.

A bullish start to the day saw Stellars Lumen strike an early morning intraday high $0.045080 before hitting reverse.

Falling short of the first major resistance level at $0.04565, Stellars Lumen slid to a mid-afternoon intraday low $0.044037.

Stellars Lumen fell through the first major support level at $0.04461 and the second major support level at $0.04413 before finding support.

In the late part of the day, Stellars Lumen broke back through the major support levels before falling back through the first major support level.

At the time of writing, Stellars Lumen down by 0.33% to $0.044388. A bearish start to the day saw Stellars Lumen fall to an early morning low $0.044284 before striking a high $0.044388

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to move through to $0.04455 levels to support a run at the first major resistance level at $0.04506.

Support from the broader market would be needed, however, for Stellars Lumen to break through to $0.045 levels.

Barring a broad-based crypto rally, however, the first major resistance level at $0.04506 levels would likely pin Stellars Lumen back on the day.

Failure to move through to $0.04455 levels could see Stellars Lumen slide deeper into the red.

A fall through the morning low $0.044284 would bring the first major support level at $0.04402 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of the second major support level at $0.04351.

Major Support Level: $0.04402

Major Resistance Level: $0.04506

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX slid by 2.22% on Wednesday. Following on from a 1.15% decline on Tuesday, Trons TRX ended the day at $0.013282.

A bearish start to the day saw Trons TRX fall from an early morning intraday high $0.013601 to a late afternoon intraday low $0.013043.

Steering clear of the major resistance levels, Trons TRX fell through the first major support level at $0.01328.

Finding support late on, Trons TRX bounced back to $0.01340 levels before sliding back. The first major support level limited the downside on the day.

At the time of writing, Trons TRX was down by 0.44% to $0.013224. A bearish start to the day saw Trons TRX fall from an early morning high $0.013234 to a low $0.013224.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move through to $0.01330 levels to support a run at the first major resistance level at $0.01387.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.013234.

Barring a broad-based crypto rally, the first major resistance level would likely leave Trons TRX short of $0.014 levels.

Failure to move through to $0.01330 levels could see Trons TRX fall deeper into the red.

A fall through to sub-$0.01315 levels would bring the first major support level at $0.013020 into play.

Barring an extended sell-off, however, Trons TRX should steer clear of the second major support level at $0.01275.

Major Support Level: $0.01302

Major Resistance Level: $0.01387

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 26/12/19 - Yahoo Finance

Litecoin

Litecoin fell by 0.59% on Tuesday. Following on from a 3.13% slide on Monday, Litecoin ended the day at $40.30.

A relatively bullish morning saw Litecoin rise from a mid-morning low $40.33 to an early afternoon intraday high $41.12.

Falling well short of the first major resistance level at $42.12, Litecoin slid to a late afternoon intraday low $39.75.

Steering clear of the first major support level at $39.66, Litecoin recovered to $40 levels to limit the downside on the day.

At the time of writing, Litecoin was down by 0.79% to $39.98. A bearish start to the day saw Litecoin fall from an early morning high $40.38 to a low $39.84.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to move through to $40.40 levels to support a run at the first major resistance level at $41.03.

Litecoin would need the support of the broader market to break out from the morning high $40.38.

Barring an extended crypto rally, however, resistance at $41 would likely cap any upside on the day.

Failure to move through to $40.40 levels could see Litecoin slide deeper into the red.

A fall back through the morning low $39.84 would bring the first major support level at $39.66 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$39 levels on the day. The second major support level at $39.02 would likely limit any downside.

Major Support Level: $39.66

Major Resistance Level: $41.03

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 0.24% on Tuesday. Partially reversing a 5.32% slide from Monday, Stellars Lumen ended the day at $0.045079.

A bearish start to the day saw Stellars Lumen slide to a mid-morning intraday low $0.0447 before finding support.

Steering clear of the first major support level at $0.04391, Stellars Lumen bounced back to an early afternoon intraday high $0.045742.

Falling short of the first major resistance level at $0.04685, Stellars Lumen eased back late in the day to limit the upside.

At the time of writing, Stellars Lumen was flat at $0.045080. Another range-bound start to the day saw Stellars Lumen fall to an early morning low $0.044989 before striking a high $0.04508.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to move through to $0.4517 levels to support a run at the first major resistance level at $0.04565.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.04508.

Barring a broad-based crypto rally, however, the resistance at $0.045 levels would likely pin Stellars Lumen back on the day.

Failure to move through to $0.04517 levels could see Stellars Lumen slide back into the red.

A fall through the morning low $0.044989 would bring the first major support level at $0.04461 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of the second major support level at $0.04413.

Major Support Level: $0.04461

Major Resistance Level: $0.04565

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX fell by 1.15% on Tuesday. Following on from an 8.63% tumble on Monday, Trons TRX ended the day at $0.013646.

A mixed start to the day saw Trons TRX fall to an early morning low $0.013430 before striking an early afternoon intraday high $0.013856.

Falling well short of the first major resistance level at $0.01523, Trons TRX slid to a late afternoon intraday low $0.013202.

Steering clear of the first major support level at $0.01293, Trons TRX recovered to $0.01360 levels to limit the loss on the day.

At the time of writing, Trons TRX was down by 1.10% to $0.013496. A bearish start to the day saw Trons TRX fall from an early morning high $0.013601 to a low $0.013368.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move through to $0.013570 levels to support a move through the first major resistance level at $0.013930.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.013601.

Barring an extended crypto rally, the first major resistance level would likely limit any upside later in the day.

Failure to move through to $0.013570 levels could see Trons TRX fall deeper into the red.

A fall back through the morning low $0.013368 would bring the first major support level at $0.013280 into play.

Barring an extended sell-off, however, Trons TRX should steer clear of sub-$0.013 levels on the day.

Major Support Level: $0.01328

Major Resistance Level: $0.01422

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 25/12/19 - Yahoo Finance

Despite many arguing that the 2019 block reward halving will decimate its price, Litecoin managed to remain relatively stable. According to the latest Coin Metrics research, there could be several explanations for this, but it might take another year before we realize the full effect the halving had on the market.

With Bitcoins May 2020 halving getting closer, the potential impacts of the 50 percent reduction in block rewards are becoming increasingly important in the crypto industry. According to the latest Coin Metrics research, the small number of block rewards the industry has seen and their infrequent nature made making any strong predictions almost impossible.

Nonetheless, Kevin Lu and the Coin Metrics team used Litecoins August halving to evaluate two of the most common block reward halving theories. The first theory proposes the followingblock reward halvings have little effect on the said coins price as they are already priced in.

This is due to the fact that halvings are always mandated by the protocol, and are therefore known to all market participants. And since everybody is aware of the halvings, the efficient market hypothesis (EMH) states that its potential consequences are fully reflected in the coins price. Thats why there is no immediate reaction in the price of a coin immediately after the halving.

Litecoins performance throughout 2019 supports this theory. The market anticipated the halving and bid LTCs price in advance to reduce the immediate impact on its price. Litecoin jumped 350 percent in the first six months of 2019 most likely due to this phenomenon, outperforming every other cryptocurrency except Binance Coin (BNB).

The coins poor performance in the second half of the year could be explained by traders unwinding their positions, Coin Metrics reported.

Those supporting the theory that Bitcoins halving will push its price upwards often cite the reduction in miner-led selling pressure that happens following the halving. As miners represent the single largest cohort of natural, consistent sellers, miner-led selling pressure should have a significant effect on a cryptocurrencys price.

The Coin Metrics report used Litecoin to illustrate the example. Namely, as Litecoins annualized supply issuance was running at 8 percent prior to the halving, which means that at current prices miner revenue was roughly $200 million per year. This is equivalent to $600,000 in natural selling pressure every day, as miners are expected to sell nearly all of their rewards for fiat to cover costs.

Following the August halving, Litecoins annualized supply issuance was slashed to just 4 percent, which meant that the daily selling pressure was around $300,000.

Such a drastic reduction in compelled selling pressure should be supportive to prices going forward, the report found.

However, while promising, this theory doesnt apply to Litecoin and it most likely wont apply to Bitcoin, either. With no identifiable price rise following the LTCs August halving, many disputed this idea saying the selling pressure from miners accounted for a small amount of trading volume. Compared with trading volumes seen on exchanges, the $300,000 reduction in daily selling pressure from miners is most likely insignificant.

Nonetheless, Coin Metrics found that both of these theories deserve continued study. With Bitcoin, Bitcoin Cash, Bitcoin Cash SV, and ZCash all scheduled to experience a block reward halving next year, it might take another year or more before the market sees the true impact of Litecoins halving.

The rest is here:

The full impact of Litecoins August halving is yet to be seen - CryptoSlate

Litecoin

Litecoin rallied by 5.54% on Sunday. Reversing a 1% decline from Saturday, Litecoin ended the week down 3.45% to $41.93.

A bearish start to the day saw Litecoin fall to an early morning intraday low $39.69 before making a move.

Steering clear of the first major support level at $39.43, Litecoin rallied to a late intraday high $42.27.

Litecoin broke through the days major resistance levels on the way. In spite of a late pullback, Litecoin held above the third major resistance level at $41.22 until the day end.

At the time of writing, Litecoin was up by 0.74% to $42.24. A bullish start to the day saw Litecoin rise from an early morning low $41.91 to a high $42.57 before easing back.

In spite of the early moves, Litecoin left the major support and resistance levels untested early on.

Litecoin would need to steer clear of sub-$42 levels to support another run at the first major resistance level at $42.90.

Litecoin would need the support of the broader market to break out from the morning high $42.57.

Barring an extended crypto rally, however, the first major resistance level and morning high would likely limit any upside.

Failure to steer clear of sub-$42 levels could see Litecoin hit reverse.

A fall back through the morning low $41.91 to $41.30 levels would bring the first major support level at $40.32 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$40 levels and the second major support level at $38.72.

Major Support Level: $40.32

Major Resistance Level: $42.90

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rallied by 3.99% on Sunday. Reversing a 1.89% fall from Saturday, Stellars Lumen ended the week down 7.23% at $0.047341.

Tracking the broader market, Stellars Lumen rallied from an early morning intraday low $0.045524 to a late intraday high $0.047365.

Steering clear of the major support levels, Stellars Lumen broke through the first major resistance level at $0.4623 and the second major resistance level at $0.4702.

At the time of writing, Stellars Lumen was down by 0.97% to $0.046883. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.047655 before falling to a low $0.046883.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to steer clear of sub-$0.4675 levels to support a run at the first major resistance level at $0.04796.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.047655 levels.

Barring a broad-based crypto rally, however, the resistance at $0.048 levels would likely continue to limit any upside.

Failure to steer clear of sub-$0.04675 levels could see Stellars Lumen slide deeper into the red.

A fall through $0.04675 would bring the first major support level at $0.04612 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.045 levels.

Major Support Level: $0.046120

Major Resistance Level: $0.04796

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 9.9% on Sunday. Following on from a 0.3% gain on Saturday, Trons TRX ended the week up 6.61% to $0.014921.

A bearish start to the day saw Trons TRX fall to an early morning intraday low $0.013572 before making its move.

Steering clear of the major support levels, Trons TRX rallied to a late intraday high $0.15010.

Trons TRX broke through the days major resistance levels to hit $0.015 levels for the 1st time since 4th December.

In spite of a late pullback, Trons TRX held above the third major resistance level at $0.1392 until the day end.

At the time of writing, Trons TRX was up by 2.07% to $0.015230. A bullish start to the day saw Trons TRX rally from an early morning low $0.14933 to a high $0.16000.

Steering clear of the major support levels, Trons TRX broke through the first major resistance level at $0.01543 and the second major resistance level at $0.01594.

Trons TRX would need to steer clear of sub-$0.015 levels to support a move through the first major resistance level at $0.01543.

Support from the broader market would be needed, however, for Trons TRX to break back through the second major resistance level at $0.1594.

Barring an extended crypto rally, the first major resistance level would likely limit any upside later in the day.

Failure to steer clear of sub-$0.015 levels could see Trons TRX hit reverse.

A fall through to sub-$0.01450 levels would bring the first major support level at $0.01399 into play.

Barring an extended sell-off, however, Trons TRX should steer clear of sub-$0.014 levels.

Major Support Level: $0.01399

Major Resistance Level: $0.01543

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 23/12/19 - Yahoo Finance

Voyager(CSE:VYGR), a crypto brokerage firm with a commission-free tradingapp, announced today that it plans to add Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum (ETH) to its Interest Program in the new year.

According to the announcement, Voyager plans to unveil the interest rates and minimum monthly average balance requirements for the new assets prior to January 1.

With the Voyager Interest Program, you can actively trade Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and the Voyager Token and earn interest at the same time, with no lockups or limits, states the Voyager team in the announcement. To participate, you must simply maintain the average balance required for each asset. Interest rates are calculated on an annual basis, and will be paid out at the end of each month in the interest-bearing asset.

The Voyager Interest Program currently pays 3% annual interest on Bitcoin (BTC) balances above 0.01 BTC and 5% on Voyager Token balances above 2,000 VGX. Interest is calculated based on the average daily balance and is paid out in the interest-bearing asset by the 5th business day of each month.

Investors can earn $25 in free BTC by signing up for the Voyager app throughthis linkand trading $100. (or use code: SLUDGE25)

Disclaimer: This articles author has cryptocurrency holdings that can betracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

See the rest here:

Voyager to Begin Paying Monthly Interest on Bitcoin Cash, Ethereum and Litecoin Balances - SludgeFeed

Litecoin

Litecoin fell by 3.13% on Monday. Partially reversing a 5.54% rally from Sunday, Litecoin ended the day at $40.61.

Tracking the broader market, Litecoin rose to an early morning high $42.57 before sliding to a mid-morning low $41.66.

Leaving the major support and resistance levels untested early on, Litecoin rallied to a mid-afternoon intraday high $42.69.

Falling short of the first major resistance level at $42.90, Litecoin slid to a late intraday low $40.23.

The sell-off saw Litecoin fall through the first major support level at $40.32 before moving back through to $40.60 levels.

At the time of writing, Litecoin was down by 0.32% to $40.48. A range-bound start to the day saw Litecoin rise to an early morning high $40.68 before falling to a low $40.36.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to move through to $41.20 levels to support a run at the first major resistance level at $42.12.

Support from the broader market would be needed, for Litecoin to break through to $41.0 levels.

Barring an extended crypto rally, however, resistance at $42 would likely cap any upside on the day.

Failure to move through to $41.20 levels could see Litecoin slide deeper into the red.

A fall back through the morning low $40.36 would bring the first major support level at $39.66 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$39 levels and the second major support level at $38.72.

Major Support Level: $39.66

Major Resistance Level: $42.12

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen slid by 5.32% on Monday. Reversing a 3.99% gain from Sunday, Stellars Lumen ended the day at $0.044975.

A bullish start to the day saw Stellars Lumen strike an early morning intraday high $0.047655 before hitting reverse.

Falling short of the first major resistance level at $0.04796, Stellars Lumen slid to a late intraday low $0.044722.

Stellars Lumen fell through the first major support level at $0.04612 and the second major support level at $0.04490.

Finding support late on, Stellars Lumen managed to move back through the second major support level.

At the time of writing, Stellars Lumen was up by 0.07% to $0.045005. Range-bound early on, Stellars Lumen rose from an early morning low $0.044960 to a high $0.045020.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to move through to $0.4578 levels to support a run at the first major resistance level at $0.04685.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.045 levels.

Barring a broad-based crypto rally, however, the resistance at $0.046 levels would likely pin Stellars Lumen back from Mondays high $0.047655.

Failure to move through to $0.04578 levels could see Stellars Lumen slide back into the red.

A fall through the morning low $0.04496 would bring the first major support level at $0.04391 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.043 levels.

Major Support Level: $0.04391

Major Resistance Level: $0.04685

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX tumbled by 8.63% on Monday. Partially reversing a 9.9% rally from Sunday, Trons TRX ended the day at $0.01370

A bullish start to the day saw Trons TRX strike an early morning intraday high $0.01600 before hitting reverse.

Trons TRX broke through the first major resistance level at $0.01543 and the second major resistance level at $0.01594.

Bearish through the rest of the day, Trons TRX tumbled to a late intraday low $0.01370.

The reversal saw Trons TRX fall through the first major support level at $0.01399.

At the time of writing, Trons TRX was down by 0.1% to $0.013686. A bearish start to the day saw Trons TRX fall from an early morning high $0.013825 to a low $0.013430.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move through to $0.01447 levels to support a move through the first major resistance level at $0.01523.

Support from the broader market would be needed, however, for Trons TRX to break back through to $0.014 levels.

Barring an extended crypto rally, the first major resistance level would likely limit any upside later in the day.

Failure to move through to $0.01447 levels could see Trons TRX fall deeper into the red.

A fall back through the morning low $0.013430 would bring the first major support level at $0.01293 into play.

Barring an extended sell-off, however, Trons TRX should steer clear of sub-$0.013 levels on the day.

Major Support Level: $0.01293

Major Resistance Level: $0.01523

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Originally posted here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 24/12/19 - Yahoo Finance

Bitcoin (BTC) and the crypto market cap are holding key supports. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are struggling to continue higher.

After tagging the $170 level, bitcoin cash price started a decent upside correction against the US Dollar. BCH price traded above the $180 level and it is currently consolidating near the $185 level.

On the upside, there are two important hurdles near the $192 and $195 levels, above which the price could climb towards the $215 level. On the downside, if the price fails to stay above the $180 level, it could revisit the $170 low in the near term.

Litecoin price is recovering above the $38.50 level, but it is currently struggling to settle above the $40.00 region. A successful close above the $40.00 level might lead the price above the $42.00 resistance level. If not, the price could trade below $38.50 and resume its decline. The next key support is near the $37.00 level.

EOS price is holding the $2.400 support area and it is currently trading in a range. On the upside, there are many resistances, starting with $2.500. The main ones are $2.550 and $2.600, above which the bulls are likely to aim the $3.000 resistance area in the near term.

Stellar price held the $0.0420 support area and recently corrected above the $0.0450 level. However, XLM price is facing a lot of hurdles on the upside, starting with $0.0460 and $0.0465. To start a strong recovery, the price climb above the $0.0500 resistance area.

Crypto Market Cap

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp recovery wave from the $166.0B area. The crypto market cap jumped above the $185.0B resistance and tested the $192.0B resistance. It is currently consolidating near $185.0B and preparing for the next move.

If there is a clear break above the $190.0B and $192.0B resistance, there are chances of another increase in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the coming sessions.

Follow this link:

Bitcoin And Crypto Market On The Edge: BCH, Litecoin, EOS, XLM Analysis - newsBTC

Christmas has arrived and so have cryptocurrency giveaway scams with their enticing offers on YouTube. Giveaway scams are no new tale to tell in the cryptocurrency market. Its been plaguing the space for years, even forcing notable crypto-influencers to alter their display name to include non-giver of crypto or those that clarify they do not give-away coins.

One of the well-known people in the cryptocurrency space who sported the tagline for the longest time was undoubtedly Vitalik Buterin, the creator of Ethereum. Interestingly, as soon as Buterin dropped the non-giver of Eth tag from his name, the scams taking place under his name also took another turn.

Vitalik Buterin, labeled Ethereum CEO, has apparently been holding an ETH giveaway on a YouTube live session on a channel named Ethereum, with the video recording a total of 2,522, viewers at press time. The reason for the giveaway event was cited as To celebrate the global power of #Ethereum and #ETH, adding we are proud to announce initiating the airdrop pool of 100 000 ETH !!

The live session features Vitalik Buterin, Joseph Lubin, Stephen D. Palley, and Ryan Selkis, discussing all things Ethereum and blockchain. A quick google search of the names directs to a YouTube video on the ConsenSys media channel, titled DappCon 2019 Panel feat. Vitalik Buterin and Joe Lubin, which dates back to August 27, 2019.

Interestingly, the giveaway has some ludicrous conditions, which include having a minimum amount of Ethereum just to be eligible for participation. The complete terms and conditions for participating are mentioned as:

Ethereum YouTube giveaway T&C | Source: YouTube

Along with the conditions, a search of the Ether address on Etherscan suggested that there were some who fell for the YouTube giveaway. A look at the YouTube comments indicates that its a scam, especially with the comments reaffirming that the promised giveaway of ETH was happening.

While many such scams had included Ethereum and featured an older video of Vitalik in the past, this time around Moneros Riccardo Spagnion a YouTube channel named Monero XMR with Charlie Lees starring in the display picture, also was featured in another Monero giveaway scam.

The description stated, In this AMA we are discussing XMR price and talking about Monero price prediction. Also, we prepared an airdrop of 5000 XMR to giveaway for our followers. The original AMA appears to have happened during the BECSA Chain Reaction 2.0 event, which was held in August this year. The T&C of the XMR airdrops were:

Monero YouTube giveaway T&C | Source: YouTube

At press time, there were a total of 1,911 views and thanks to Moneros anonymity, whether or not the scam scheme was successful remains unknown. Even Binances CEO, Changpeng Zhao, was also spotted giving away Bitcoin on a YouTube channel named Binance English, alongside Bittrex on Bittrex International YouTube channel.

Moreover, Litecoin Foundation recently retweeted a Twitter post by David Schwartz highlighting that there was a fake Litecoin YouTube channel scamming people, the video of which is no longer available. The post stated,

**ATTENTION** There is a fake Litecoin Foundation youtube channel scamming people out of their #LTC as we speak. DO NOT believe the channel and what it is offering! This is NOT the official Foundation youtube channel.

More:

Ethereum, Bitcoin, Litecoin, and Monero giveaway Xmas scams arrive - AMBCrypto

Getting nonprofits to accept cryptocurrency donations is a tough task. Albeit some initiatives see merit in cryptocurrencies, others prefer to steer away from it altogether.

In the case of YMCA of Greater St. Petersburg, the situation is a bit more favorable.

This particular non-profit not only accepts bitcoin donations, but supports plenty of alternative currencies as well.

On the list of supported assets are litecoin, ethereum, zcash, GUSD, and bitcoin cash.

This makes for a very interesting selection, and one that isnt found on most nonprofits donation pages.

As far as the payment processor is concerned, the YMCA has opted for an alternative solution.

All crypto donations are processed by Giving Block.

This company specializes in tax efficient crypto donation solutions for nonprofits.

For the litecoin community, this is a more than welcome sight.

The so-called silver to bitcoins gold has struggled to gain any real traction among nonprofits over the years.

It is very well possible that the YMCA of Greater St. Petersburg is the largest nonprofit to accept litecoin donations at this time.

As is usually the case, contributions made by Americans are tax deductible.

Image(s): Shutterstock.com

Originally posted here:

YMCA of Greater St. Petersburg now Accepts Litecoin and ZCash Donations - NullTX

The project director of the Litecoin Foundation is warning the crypto-curious about an apparent scam on YouTube.

David Schwartz says a YouTube channel posing as the Foundation recently broadcast a video of the 2019 Litecoin Summit, pretending it was happening live.

The description of the video falsely states that the Litecoin Foundation is now giving away 100,000 LTC.

**ATTENTION**

There is a fake Litecoin Foundation youtube channel scamming people out of their #LTC as we speak.

DO NOT believe the channel and what it is offering! This is NOT the official Foundation youtube channel.

Thanks @naomibrockwellhttps://t.co/4Wb0fY4kLv

David Schwartz (aka Dasch) (@DaddyCool1991) December 23, 2019

The video deploys a classic crypto scam, claiming that anyone who sends LTC to a certain address will receive a larger amount of LTC in return.

Its the latest reminder that the vast majority of crypto giveaways are likely scams especially those that ask people to send crypto to an address.

Similar schemes are trying to trick Ripple and XRP supporters, with many people in the community postingalerts via Twitter.

NEW SCAM ALERT

These tweets will lead you to a webpage or youtube, trick you to send them XRP, and convince you on getting back double or more XRP in return!!!#XRPCommunity! NEVER NEVER SEND YOUR XRP TO THESE SCAMMERS! THIS IS NOTHING BUT A SCAM! pic.twitter.com/S3bsXhcBmE

PandaRippleXRP (@RipplePandaXRP) December 17, 2019

Check Latest News Headlines

Read the rest here:

Litecoin Foundation Warns Fake 100,000 LTC Giveaway Scam Spreading on YouTube - The Daily Hodl

A new report suggests that Bitcoins (BTC) wealth is now more evenly distributed, unlike other major cryptocurrencies such as Litecoin (LTC).

Bitcoins overall wealth distribution improved significantly when compared to last year, according to research published by Clovr, which examined transactions made with widely-used digital currencies in November of 2019.

However, the report reveals that the top altcoins in terms of market cap are increasingly controlled by whales.

Bitcoins Gini coefficient, a statistical measure of wealth distribution, dropped from 0.66 to 0.64 in 2019.

Meanwhile, Bitcoin Cashs (BCH) Gini coefficient increased from 0.73 to 0.75, while Ethers (ETH) went from 0.69 to 0.78. Litecoins remained at the top of the list, at 0.83.

Crypto whales would have to control at least 4,545 of the biggest Bitcoin wallets in existence in order to hold half of the leading cryptocurrencys circulating supply, the report claims. To control most of Ethers supply, a small group of users would only need to own ETH stored in 322 wallets.

To own most of Bitcoin Cashs circulating supply, crypto whales would have to control just 1,109 wallets. Most of Litecoins (LTC) supply could be controlled by holding the keys to only 189 wallets.

Clovr says it analyzed the top 10,000 wallet addresses belonging to each digital currency, and left out major exchange wallets. Wealth inequality was even more severe for major ERC-20 tokens, according to the research.

For example, Huobi Pool Token (HPT), the native cryptocurrency of Huobis mining pool, has a Gini coefficient of 0.99, with 70% of the outstanding tokens belonging to a single wallet.

In general, tokens with relatively smaller market capitalization had more severe wealth inequality problems.

The researchers suggest,

If centralized wealth worries you as a cryptocurrency investor, then it may help to avoid buying tokens with a market capitalization of less than $100 million.

You can check out the full report here.

Check Latest News Headlines

Read the original here:

Are Crypto Whales in Control? New Research Analyzes Bitcoin, Ethereum, Litecoin and Bitcoin Cash Wealth Distribution - The Daily Hodl

As 2019 comes to an end, looking back at the year, the cryptocurrency industry has witnessed several developments in its ecosystem. However, the ones that stood out were the numerous regulations imposed on the industry. While prominent players of the industry have been abiding by these regulations, Poloniex seems to be moving against the conventional trend.

At present several exchanges have been implementing elaborate know-your-customer [KYC] as well as anti-money laundering [AML] rules in order to be more compliant with the regulators. However, Poloniex seems to be taking it down a notch as it revealed that unverified customers could trade on the platform. The exchange took to Twitter and suggested that the existing unverified customers would be unfrozen while being upgraded to Level 1 over the next few months. As per a blog post, customers with Level 1 would possess privileges like unlimited trading, unlimited deposits along with withdrawals up to $10,000 per day.

The blog post further read,

To our long-time unverified customers, we know how frustrating your experience has been recently and were dedicated to improving that for you. Thats why we prioritized creating this new account tier and are upgrading existing customer accounts as one of our first moves towards addressing the needs of our global crypto traders.

The community, however, didnt seem to laud the exchanges latest move as several pointed out that this would initiate the opening of several fake accounts mostly to launder cryptocurrencies. Speaking from a business point of view, one Twitter user said,

This is a bad business decision. Youll attract a lot of new traders on the short term but on the long term it will become a problem.

Additionally, Trons Justin Sun also commented on the same,

Furthermore, several exchanges even delisted privacy coins as they were non-compliant with the Financial Action Task Forces [FATF] travel rule. However, Poloniex lists prominent privacy coins along with MimbleWimble-based Grin. The listing of Grin should clear out some of the FUD around MimbleWimble on Litecoin, as the community fears the delisting of the altcoin from major exchanges post MW.

Read this article:

Unverified accounts trading of Litecoin, BTC, ETH and other cryptos restored on Poloniex - AMBCrypto

Bitcoin went through a rollercoaster of price action this week. On Monday, the cryptocurrency started to fall, and it dropped by a total of 10% by Tuesday to reach a low of $6,430. However, after that, it rebounded higher, gaining a total of 15% to climb back above the $7,000 level and reach the current support of $7,125.

If the buyers continue to drive the coin higher, an initial resistance is expected at $7,400. Above this, resistance lies at $7,686 (bearish .382 Fib Retracement), and $8,000. Alternatively, toward the downside, if the sellers push BTC beneath the support at $7,123, immediate support is expected at $7,000. Beneath this, additional support can be found at $6,790 and $6,570.

Ethereum has seen a disastrous week after dropping by a total of 11%. The cryptocurrency fell beneath the acute symmetrical triangle and started to plummet. It continued to drop until reaching support at the lower boundary of the descending channel. More specifically, ETH found strong support at $118, which is provided by the downside 1.618 Fib Extension. ETH rebounded higher from here but was unable to overcome resistance at $133.50.

Looking ahead, if the bulls continue to rise above $133.50, higher resistance is located at $145, $152, and $165 (100-days EMA). On the other hand, if the sellers drop ETH beneath the current level of $128, support is found at $120, the lower boundary of the channel, $118, and $116.23.

Against Bitcoin, Ethereum tumbled beneath the previous symmetrical triangle pattern and started to plummet. The cryptocurrency continued to drop beneath support at 0.019 BTC, 0.0185 BTC, and 0.018 BTC until reaching at 0.0175 BTC (downside 1.414 Fibonacci Extension level). ETH rebounded higher from here as it sits at 0.0178 BTC.

If the bears continue to drop the market lower, immediate support is found at 0.0175 BTC. Beneath this, support lies at 0.0171 BTC (.886 Fib Retracement), 0.0169 BTC, and 0.0164 BTC (September lows). On the other hand, if the bulls climb higher, initial resistance can be found at 0.0185 BTC. Above this, resistance lies at 0.019 BTC and 0.20 BTC.

This week saw XRP collapsing beneath the strong support at $0.21 as it continued to drop by a considerable 13% to reach a low of $0.18 as it created fresh multi-year lows. The cryptocurrency managed to find support at a downside 1.618 Fib Extension, which allowed it to bounce higher to where it now trades at $0.1930.

Looking ahead, if the buyers push the market, higher initial resistance is located at $0.20. Above this, resistance lies at $0.2120 and $0.2280. Alternatively, if the sellers drive XRP lower, strong support can be expected at $0.18. Beneath this, support lies at $0.17 and $0.167.

Against BTC, XRP finally dropped beneath the 3000 SAT support level and started to fall. The cryptocurrency penetrated beneath the lower boundary of the previous wedge as it slipped much lower into support at 2600 SAT. XRP has since rebounded from here as it attempts to break 2700 SAT resistance.

If the buyers can break above 2700 SAT, higher resistance lies at 2800 SAT, 2900 SAT, and 3000 SAT. Toward the downside, initial support is expected at 2600 SAT. Beneath this, additional support is located at 2530 SAT, 2455 SAT, and 2350 SAT.

Similar to the rest of the top altcoins, Litecoin suffered an 8.55% beat down this week, causing it to drop beneath the $40 level. The coin dropped as low as $36 before support was found, allowing it to rebound higher back above the $40 level where it currently trades.

Looking ahead, if the bulls continue to drive higher initial resistance is expected at $42.63. Above this, higher resistance lies at $45, $47.76 (bearish .382 Fib Retracement), and $52. On the other hand, if the sellers push the market lower, immediate support can be found at $38.37 and $36 (downside 1.272 Fibonacci Extension level). If the bears push beneath this, additional support is found at $35 and $32.58.

Against Bitcoin, LTC has also suffered in December. The cryptocurrency collapsed beneath the support at 0.006 BTC, causing it to drop much lower into support at 0.0055 BTC (downside 1.618 Fibonacci Extension level). Litecoin has since bounced higher as it trades at 0.0056 BTC.

If the buyers continue to push LTC higher against BTC, immediate resistance is to be expected at 0.0058 BTC. Above this, resistance lies at 0.006 BTC and 0.0064 BTC (bearish .5 Fibonacci Retracement). On the other hand, if the sellers push the market lower, support can be expected at 0.0055 BTC. Beneath this, support is located at 0.0054 BTC and 0.0053 BTC.

Binance Coin saw a 9% price fall this week, causing it to drop to the current $13.46 level. It was pushed further beneath this but managed to find support at $12.17, which allowed BNB to bounce higher.

If the bulls can continue with the rebound, an initial resistance is expected at $14.62 and $15.81 (bearish .382 Fib Retracement). Beyond this, resistance is located at $18.09 (bearish .618 Fib Retracement & 100-days EMA). Toward the downside, support can be found at $12.59 and $12.17 (downside 1.272 Fib Extension). Beneath this, support lies at $11.50 and $10.94.

Against BTC, BNB fell further lower, dropping beneath the support at 0.002 BTC and plummeting into lower support at 0.00185 BTC. This level provided strong support for the market during September and is expected to provide an equal level of support moving forward.

Looking ahead, if the bulls can bounce higher, the first level of resistance is located at 0.002 BTC. Beyond 0.002 BTC, resistance is expected at 0.00207 BTC (bearish .382 Fib Retracement), 0.00215 BTC (bearish .5 Fib Retracement), and 0.0022 BTC (100-days EMA). Alternatively, if the sellers push the market lower, the support at 0.00185 BTC should hold. If it drops beneath this, additional support can be found at 0.0018 BTC and 0.00175 BTC.

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Original post:

Crypto Price Analysis & Overview December 20th: Bitcoin, Ethereum, Ripple, Litecoin, and Binance Coin. - CryptoPotato

In the latest podcast of Lets Talk Bitcoin, we have listened to a detailed and holistic perspective related to cryptocurrency. The guest on the show was Charlie Lee, the creator of the Litecoin.

Lee talked extensively on the issue of cryptocurrency adoption while highlighting similarities and differences in Bitcoin and Litecoin. Emphasizing the basic structure of Litecoin, Lee said that unlike Bitcoin, Litecoin has a known founder, which helps the coin to shape its vision in the long term.

Lee explained that several decisions had been taken in the history of Litecoin, which goes far beyond the commercial interest of the cryptocurrency. They dont only focus on the price of Litecoin but are more concerned with the overall significance of the digital coin for society. The issue of trust, transparency, and fair business practices was highlighted during the discussion when the conversation moved from the competitiveness in the crypto industry to the collaboration aspect. The industry growth is heavily dependent upon new innovations, and in this regard, coming together of the cryptocurrency organizations will be beneficial for all the concerned stakeholders.

The question of anonymity also figured in the discussions. Litecoin has a clear advantage over Bitcoin in this particular aspect. This, according to Lee, is something that people appreciate and feel reassured about. The whole operating mechanism of the digital coin, which includes the various stakeholder involved in the process such as miners, uptime, and technical support, is very important from the adoption viewpoint of a digital coin. More importantly, the transaction time in the case of Litecoin is one-fourth compared to Bitcoin, which comes as an added advantage.

One of the other key advantages with Litecoin is that the digital currency has its own set of miners, which plays a very important role in creating a robust ecosystem for the coin. It is good for transaction speed and overall safety offered by the Litecoin. When asked about the comparatively low market capitalization of Litecoin, Lee said that the more centralization aspect of the coin has some negative impact on its market valuation. Lee explained that it is more convenient for the government authorities or federal agencies to put a leash on the Litecoin as they know who the owner is something that is not in case of Bitcoin, and this adds to the vulnerability of Litecoin.

One prominent issue related to cryptocurrency adoption is accessibility. Banking systems across the globe are still opposed to the idea of digital coins, and this opposition continues to remain one of the most critical stumbling blocks in the wider adoption of cryptocurrency. Litecoin has tried to find a way as its foundation acquired a 9.9% equity stake in WEG bank of Germany. This move is expected to have long-term ramifications as industry experts see it as a game-changer move, that will dissolve resistance of the bankers for the idea of cryptocurrency. Lee said the rationale behind this decision is to get its roots in the banking industry and convince them to start dealing the digital coins. It is a long way to go, although the start has already been made.

In sum, the discussion provided rich information on the comparisons of Bitcoin and Litecoin. While both digital coins have their own characteristics, it bodes well for the overall industry if players collaborate for the larger cause of crypto adoption.

See the original post here:

Decoding Litecoin With Charlie Lee on Lets Talk Bitcoin - CryptoNewsZ

Product developer Franklyn Richards has witnessed Litecoin (LTC) network activity that reminds him of the Aug. 10 dust attack on Litecoin.

In a Dec. 14 blog post, Franklyn Richards, a product developer who has worked on Bitcoin (BTC) and Litecoin since 2013, describes a pattern emerging among active Litecoin network addresses.

According to the product developer an unknown entity is taking large periodic automated actions on the Litecoin network, resulting in an almost sawtooth like pattern. He explains:

On average the network typically sees around 40,000 active addresses per day, however, according to data from bitinfocharts, every 7 days this value is spiking to over 70,000 before abruptly dropping back down. This has resulted in an almost sawtooth like pattern thats pretty evident given a cursory glance.

Richards speculates that the current strange network behavior, which reportedly started on Aug. 20, appears to be related to the Aug. 10 dust attack that was announced through the official Binance Twitter account at the time.

On Aug. 10, the Litecoin community was up in arms as Binance announced news of a potential dusting attack. The firm explained that around 50 Binance Litecoin addresses received a fractional amount (0.00000546) of Litecoin, which the exchanges security team identified as a part of large-scale dusting attack.

A dusting attack occurs when hackers send a tiny fraction of a cryptocurrency to a large group of addresses. These small fractions are referred to as dust, as they can be as small as 1 Satoshi, which most users dont even notice or may think of as harmless. Since the balances are so small, they cannot be spent without being included in a transaction along with the victims other funds, which allows the hacker to trace and de-anonymize the victim behind the wallet.

However, Richards concludes his blog by pointing out that without proper access to more data tools for the Litecoin network, its hard to properly analyse the actions behind the behaviour.

Litecoin celebrated its eight birthday on Oct. 13, an event highlighted by its founder Charlie Lee, who famously sold and donated all his LTC holdings back in Dec. 2017. He said at the time:

Litecoin network has been up and running continuously for the past 8 years with zero downtime. And in that span of time, over $500,000,000,000 worth of LTC have been transacted. Looking forward to the next 8 years and more!

See the original post:

Strange Litecoin Network Activity Could Be Related To August Dust Attack - Cointelegraph

Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $2.3 billion, has been losing ground rapidly. LTC/USD has lost about 6.5% of its value in recent 24 hours to trade at $37.11 at the time of writing.

Litecoin is moving in sync with the market. Therefore, itis vulnerable to bearish sentiments on the broad cryptocurrency market and may regain some ground if the market starts a recovery. As the liquidity is decreasing ahead of the Christmas holiday period, the coin may demonstrate sharp movements in either direction.

On a daily chart, LTC/USD broke below the Bollinger Band to trade at $37.12, off the recent low of $36.28. The daily RSI (Relative Strength Index) is demonstrating signs of reversal from the oversold territory. This technical setup implies that the price may regain some ground with the first recovery target created by the lower line of the daily Bollinger Band at $38.23. Once it is out of the way, the upside is likely to gain traction with the next focus onpsychological $40.00 and $44.00 ( the middle line of the daily Bollinger Band). Notably, this area served as a resistance at the beginning of December.

If the sell-off resumes, LTC/USD may retest the recent low of $36.28 and continue the decline towards the lower line of the Bollinger Band on a weekly chart ($35.50). If this area gives way, a psychological $30.00 will come into view. The last time LTC traded below this handle was in January 2019. Once it is out of the way, we will be mainly in uncharted territory.

Originally posted here:

Litecoin Price Analysis: LTC/USD has a chance to recover towards $40.00 - FXStreet

Litecoin

Litecoin slid by 7.39% on Tuesday. Following on from an 8.13% tumble on Monday, Litecoin ended the day at $36.98.

A bearish start to the day saw Litecoin fall from an early morning intraday high $40.06 to an early afternoon low $37.87.

Steering clear of the major resistance levels, Litecoin fell through the first major support level at $38.08 to a new swing lo.

A recovery to $39 levels was brief, with Litecoin sliding to a late intraday low and new swing lo $36.16.

Litecoin fell through the first major support level at $38.08 and second major support level at $36.27 before closing out at $36.98

At the time of writing, Litecoin was up by 1.27% to $37.45. A bullish start to the day saw Litecoin rise from an early morning low $36.73 to a high $37.78.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to move back through to $37.75 levels to support a run at the first major resistance level at $39.31.

Support from the broader market would be needed for Litecoin to break out from $38 levels.

Barring a broad-based crypto rally, however, Litecoin would likely fall well short of $40 levels on the day.

Failure to move through to $37.75 levels could see Litecoin resume the downward trend.

A fall back through the morning low $36.73 would bring the first major support level at $35.41 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$34 levels and the second major support level at $33.83.

Major Support Level: $35.41

Major Resistance Level: $39.31

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen tumbled by 8.30% on Tuesday. Following on from a 7.22% slide on Monday, Stellars Lumen ended the day at $0.04347.

Bearish throughout the day, Stellars Lumen slid from an early morning intraday high $0.047402 to a late intraday low and new swing lo $0.042389.

Stellars Lumen fell through the first major support level at $0.04595 and second major support level at $0.04454.

A late move back through to $0.043 levels reduced the deficit for the day.

At the time of writing, Stellars Lumen was up by 3.21% to $0.044864. A bullish start to the day saw Stellars Lumen rally from an early morning low $0.043403 to a high $0.044864.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to steer clear of $0.044 levels to support a run at the first major resistance level at $0.04645.

Support from the broader market would be needed for Stellars Lumen to break out from $0.045 levels.

Barring a broad-based crypto rally, however, the first major resistance level would likely pin Stellars Lumen back Tuesdays high $0.047402.

Failure to steer clear of $0.044 levels could see Stellars Lumen slide back into the red.

A fall back through to sub-$0.044 levels would bring the first major support level at $0.04144 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.040 levels.

Major Support Level: $0.04144

Major Resistance Level: $0.04645

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX slid by 7.01% on Tuesday. Following on from a 3.99% fall on Monday, Trons TRX ended the day at $0.01249.

A mixed start to the day saw Trons TRX fall from an early intraday high $0.013443 to a mid-morning $0.013261.

Steering clear of the major support and resistance levels, Trons TRX recovered to $0.01343 levels before hitting reverse.

The reversal saw Trons TRX slide through the first major support level at $0.01308 and second major support level at $0.01273 to an intraday low $0.012281.

At the time of writing, Trons TRX was up by 1.88% to $0.012725. A bullish start to the day saw Trons TRX rise from an early morning low $0.012470 to a high $0.012797.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move back through to $0.01280 levels to support a run at the first major resistance level at $0.01321.

Support from the broader market would be needed, however, for Trons TRX to break back through to $0.013 levels.

Barring a broad-based crypto rebound, the first major resistance level would likely leave Trons TRX short of Tuesdays high $0.013443.

Failure to move back through to $0.01280 levels could see Trons TRX hit reverse.

A fall back through the morning low $0.012470 would bring the first major support level at $0.01204 into play.

Barring an extended sell-off, however, Trons TRX should steer clear of sub-$0.012 support levels.

Major Support Level: $0.01308

Major Resistance Level: $0.01389

23.6% FIB Retracement Level: $0.0663

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0322

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Continue reading here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 18/12/19 - Yahoo Finance

Litecoin

Litecoin tumbled by 8.13% on Monday. Following a 4.80% fall from last week, Litecoin ended the day at $39.90.

A bearish start to the day saw Litecoin fall from an early morning intraday high $43.51 to a mid-morning low $42.45.

Litecoin fell through the first major support level at $42.85 before recovering to $43 levels in the early afternoon.

The recovery was short-lived, however, with a crypto meltdown seeing Litecoin slide to a late intraday low and new swing lo $38.98.

Litecoin fell through the major support levels before steadying. In spite of finding late support, Litecoin wrapped up the day at sub-$40 for the 1st time since February

At the time of writing, Litecoin was down by 0.53% to $39.69. A mixed start to the day saw Litecoin rise to an early morning high $40.06 before falling to a low $39.51.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to move through to $40.80 levels to support a run at the first major resistance level at $42.61.

Litecoin would need the support of the broader market to break out from $40 levels.

Barring a broad-based crypto rally, however, Litecoin would likely fall well short of $42 levels on the day.

Failure to move through to $40.80 levels could see Litecoin slide deeper into the red. A fall back through the morning low $39.51 would bring the first major support level at $38.08 into play.

Barring an extended sell-off, however, Litecoin should steer clear of the second major support level at $36.27.

Major Support Level: $38.08

Major Resistance Level: $42.61

23.6% FIB Retracement Level: $64

38.2% FIB Retracement Level: $80

62% FIB Retracement Level: $105

Stellars Lumen slid by 7.22% on Monday. Following on from a 9.03% tumble from last week, Stellars Lumen ended the day at $0.047347

A bearish start to the day saw Stellars Lumen fall from an early morning intraday high $0.051101 to a late morning low $0.050500.

Stellars Lumen fell through the first major support level at $0.05066 before recovering to $0.0510 levels.

The recovery was brief, however. Pressured by a crypto meltdown, Stellars Lumen tumbled to a late intraday low and new swing lo $0.047121.

Stellars Lumen fell through the days major support levels before steadying.

At the time of writing, Stellars Lumen was down by 2.72% to $0.04606. A bearish start to the day saw Stellars Lumen slide from an early morning high $0.047402 to a new swing lo $0.04580.

Steering clear of the major resistance levels, Stellars Lumen fell through the first major support level at $0.04595.

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Stellars Lumen would need to move back through to $0.04850 levels to support a run at the first major resistance level at $0.04993.

Support from the broader market would be needed for Stellars Lumen to break out from the morning high $0.047402.

Barring a broad-based crypto rally, however, the first major resistance level would likely pin Stellars Lumen back from $0.050 levels.

Failure to move through to $0.04850 levels could see Stellars Lumen struggle throughout the day.

A fall back through the first major support level at $0.04595 would bring the second major support level at $0.04454 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.044 levels.

Major Support Level: $0.04595

Major Resistance Level: $0.04993

23.6% FIB Retracement Level: $0.1080

38% FIB Retracement Level: $0.1456

62% FIB Retracement Level: $0.2065

Trons TRX fell by 3.99% on Monday. Following on from a 5.14% fall from last week, Trons TRX ended the day at $0.013438.

A mixed start to the day saw Trons TRX fall to a mid-morning low $0.013819 before finding support.

Trons TRX fell through the first major support level at $0.013840 before striking an early afternoon intraday high $0.013999.

Falling short of the first major resistance level at $0.01412, Trons TRX tumbled to a late intraday low $0.013187.

The meltdown saw Trons TRX fall through the days major support levels.

Finding support late in the day, Trons TRX managed to break back through the third major support level at $0.01339.

At the time of writing, Trons TRX was down by 0.19% to $0.013413. A bearish start to the day saw Trons TRX fall from an early morning high $0.013443 to a low $0.013316.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move back through to $0.01355 levels to support a run at the first major resistance level at $0.01389.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.013443.

Barring a broad-based crypto rebound, the first major resistance level would likely leave Trons TRX short of $0.014 levels.

Failure to move back through to $0.01355 levels could see Trons TRX slide deeper into the red.

A fall back through the morning low $0.013316 would bring the first major support level at $0.01308 into play.

Barring an extended sell-off, however, Trons TRX should steer clear of sub-$0.0130 levels.

Major Support Level: $0.01308

Major Resistance Level: $0.01389

23.6% FIB Retracement Level: $0.0663

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0322

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 17/12/19 - Yahoo Finance