📈 Price Predictions Andrew Strogoff

Bitcoin, Ethereum, Ripple Still Falling, Cardano Surprisingly Grows: Price Analysis, May 29

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Bitcoin and other major cryptocurrencies are still looking for support while Cardano surprisingly rises
Bitcoin, Ethereum, Ripple Still Falling, Cardano Surprisingly Grows: Price Analysis, May 29

There is two news today– both bad and good. The bad one is that Bitcoin, Ethereum, Ripple are still going down without any sign of a reversal. The good one is that they have slowed down their downside tendencies. However, no one can say for how long.

Psychologically, the crypto industry is still bearish. There is no a single event to help bulls to break this negative tendency. Bears continue to dig themselves deeper into the ground, establishing new lows almost every day.

As for crypto news, there are some interesting events to mention. The South Korean Bithumb exchange has banned traders from 11 Non-Cooperative Countries and Territories including Iraq, Iran, Bosnia and Herzegovina, Tunisia, Trinidad and Tobago, Vanuatu, Yemen and others. The other interesting event for the cryptocurrency community is that six companies in Japan have opened crypto exchanges on the Tokyo Stock Exchange.

The fundamental outlook, however, is still negative. Hodlers and buyers are still waiting for some good news to come.

Bitcoin (BTC/USD) Price Analysis, May 29

BTC/USD Hourly

Bitcoin is still going along the red midterm descending trend line and shows no sign of recovery. The currency pair established new lows on Monday meaning sellers still have control over the market. BTC/USD seem to aim at $6,510 in midterm.

BTC/USD Hourly FIBO

Let’s have a closer look at what is going on the hourly chart. BTC price has jumped below the $7,199 support area and is trading there currently. Bitcoin has chosen the red scenario (bearish) on Monday. BTC/USD slides down along the red midterm descending trend line.

Possible paths for Bitcoin are the following:

  1. Red scenario (bearish). BTC/USD will continue to fall without any significant correction or after a correction towards the closest resistance area at $7,199. The closest targets for BTC/USD are 2.618 retracement level and the support area at $6,943.
  2. Orange scenario (neutral). Bitcoin will jump over the closest resistance area at $7,199 and move higher targeting the next resistance area at $7,565, which coincides with 1.618 retracement level. Once those targets are reached, BTC/USD will reverse towards $7,199.
  3. Green scenario (bullish correction). There are still chances that buyers will be able to make a kind of a correction. BTC price will reach $7,565 and move higher targeting the $7,949 resistance area, which coincides with one retracement level.

Ethereum (ETH/USD) Price Analysis, May 29
Ethereum

Ethereum has lost nearly two percent in the past 24 hours, meaning the currency pair slows down its downside tendency. There is a possibility of a bullish correction. However, ETH price still stays below the descending trend line and we have a general downside tendency. Midterm outlooks still negative. The price is able to reach $453.24 support area at least.
Ethereum

Let’s have a closer look at ETH/USD’s hourly chart situation. The currency pair has reached the support area at 3.618 retracement level and has fallen back from there. It seems that Ethereum goes towards the closest resistance area at $566.90, which coincides with 2.618 retracement level.
The possible scenarios for ETH/USD are the following:

  1. Red scenario (bearish). The currency pair will fall from the current levels or from $566.90 towards 3.618 retracement level and then lower, towards 4.236 retracement level, which coincides with $473.39 support area.
  2. Orange scenario (neutral). This one is similar to a red variation, but ETH price will not break through 3.618 retracement level and jump off it.
  3. Green scenario (bullish correction). ETH price will follow the orange scenario until $566.90 resistance area and then will break it through targeting $596.08 resistance area.

Ripple (XRP/USD) Price Analysis, May 29

Ripple has left the midterm descending trend line, but we have drawn another short-term one as the currency pair still follows a downside tendency. XRP/USD has lost over two percent in the past 24 hours. Ripple’s downtrend slows down, but it is still in place meaning bears control the market. Midterm outlook still negative. The currency pair is able to reach $0.5000.
ripple

Let’s have a closer look at the hourly chart situation. XRP/USD has reached new lows on Monday and touched $0.5444 support area. The currency pair jumps off this level later and crossed 2.618 retracement level as a part of the bullish correction. The possible scenarios for XRP/USD are the following:

  1. Red scenario (bearish). The currency pair will jump off $0.5914 resistance area and move lower aiming at 2.618 retracement level. The second target for the bears lies at $0.5444 support area.
  2. Orange scenario (neutral). XRP/USD will rise towards $0.6216 and reverse towards the current support area at $0.5914.
  3. Green scenario (bullish correction). The currency pair will move towards $0.6216 and cross this resistance area aiming the next one, which lies at $0.6515.
     

EOS (EOS/USD) Price Analysis, May 29
eos

The currency pair still follows the downtrend as it is close to descending trend line. EOS has lost over than two percent in the past 24 hours. This downside tendency seems to slow down but sellers are still in controlling the market. The next midterm target for the sellers lies at $10.00 area.
eos

Let’s have a closer look at what is going on the Hourly chart in the short term. EOS price is between 0.382 and 0.5 retracement levels. EOS/USD has almost reached one retracement level on Monday, but jumped off it, starting an upside correction. The possible scenarios for EOS are the following:

  1. Red scenario (bearish). The currency pair will break through 0.5 retracement level and move to the lower targeting 0.618 and 0.786 retracement levels.
  2. Orange scenario (neutral). The currency pair will rise towards 0.236 retracement level and reverse downwards there targeting 0.5 retracement level.
  3. Green scenario (bullish correction). The currency pair will reach 0.236 retracement level and move higher towards the zero retracement level, which coincides with $12.80.

Cardano (ADA/USD) Price Analysis, May 29
cardano
The currency pair added more than eight percent in the past 24 hours, which is surprising as the other coins declined mostly. However, ADA/USD is still unable to make a complete reverse. This upside rush is nothing more than a bullish correction, which seems to come to an end in the nearest future. Midterm targets for bears lie at $0.1544.
cardano

Cardano has reached $0.1719 support area before starting a luminous bullish correction to $0.2002 resistance area. ADA/USD is currently close to this resistance. This correction is sharp, but we still think that bears will take control in the midterm. The possible scenarios for ADA/USD are the following:

  1. Red scenario (bearish). Cardano will break through 0.236 and 0.382 retracement levels targeting 0.5. Once done, the currency pair is able to develop its downside progress.
  2. Orange scenario (neutral). ADA/USD will move towards $0.2002 and reverse downwards targeting 0.236 FIBO retracement level.
  3. Green scenario (bullish). The currency pair will leave the FIBO retracement and move higher towards $0.2081.
     

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Stellar Price Forecast 2019 – At Breakneck Speed to $1 and Higher. Expert Opinions and Arguments

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XLM price forecast 2019: 7+ predictions from websites and experts. Is a $1 XLM value possible?
Stellar Price Forecast 2019 – At Breakneck Speed to $1 and Higher. Expert Opinions and Arguments

Although Stellar is one of the top-10 world cryptocurrencies, it cannot boast a high price: XLM is stuck at the level of around $0.07. However, crypto experts are optimistic about the currency and predict a major Stellar breakout. What are Stellar price predictions 2019, and what can trigger XLM growth?

7 XLM price predictions 2019

The vast majority of Stellar predictions boil down to the fact that the Stellar price will soar this year and down the road. Let’s take a quick look at forecasts:

  1. According to the Altcoin Forecast website, their short-term Stellar prediction is a 10% gain from its current price, which means it can reach $0.08 by March.

  2. Wallet Investor, a technical analysis website, isn’t optimistic about short-term XLM perspectives, but the current price can provide you with a high ROI level: you can raise your riches by 5 times if you invest at the current price.

  3. The Investing Haven team agrees that 500% growth is possible if Stellar doesn’t face any security flaws and the overall cryptocurrency market performs normally. A listing on Coinbase can also give XLM a little kick.

  4. Monetize.info reckons that Stellar’s partnerships will promote a huge price growth for XLM to reach $2-3 as a result. Sounds fantastic, but Monetize isn’t always right when it comes to partnerships. Just think of it: Stripe gave Stellar a $3 mln capital injection a few years back, which Stellar immediately returned in XLM. Aside from Stripe, Stellar will be supported by such top dogs as IBM, Deloitte, and ICICI Bank.

  5. Oracle Times states that XLM will reach $1 in 2019 thanks to a partnership with IBM that added eight new validators in December. Jed McCaleb announced that over 30 banks are partnering with Stellar and mentioned SatoshiPay, Mobius, and Hashcash among them.

  6. In a report posted by Finder.com, Stellar was mentioned as one of the most promising crypto investments in 2019. It stated that XLM might reach $0.21 by February 2019 and that the market will reach $0.41 by the end of December 2019. Their prediction hasn’t come true yet, but we still have two weeks ahead.

  7. The Economy Forecast Agency provides another realistic forecast – their Stellar Lumens price chart analysis shows that XLM = $0.64 is possible by the beginning of 2020.

Stellar partners contribute to XLM integration all over the world

What do experts think?

Industry professionals cannot come to some mutual opinion – their forecasts differ a bit.

For example, Ben Ritchie, COO of Digital Capital Management, puts high hopes in the cryptocurrency industry. He said that Stellar managed to gain enough respect in 2018, so it will reach momentum in 2019 for further development. Its blockchain will continue solving problems, so the number of investors and partners is expected to increase. He believes that XLM will reach $0.14 by February 2019 and $0.35 by the end of the year.

Joseph Raczynski from Joetechnologist.com supported this statement. He highlighted that Stellar is to enter growth mode, and 2019 could be Stellar’s year. The currency can still reach $0.13 in February and climb to and $0.30 by the end of the year.

Whatever the XLM price predictions are, it’s clear that Stellar has a lot of potential to reach: its unique blockchain can render benefits for corporations and banks. Thus, a $1 XLM price isn’t such a fantastic number – in the world of crypto, everything is possible.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Litecoin, EOS, Stellar, Monero Weekly Price Prediction. Can XLM climb to the Top 5 Soon?

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The last week has been prolific for the crypto market with Bitcoin testing the key $4000 mark
Litecoin, EOS, Stellar, Monero Weekly Price Prediction. Can XLM climb to the Top 5 Soon?

The last week has been prolific for the crypto market with Bitcoin testing the key $4000 mark, Ethereum approaching $150 and the total market cap increasing to over $134 billion. This is a solid climb considering February 17 it was valued at only $121 billion, the market is coming back to crypto. As usual, Bitcoin is dragging the altcoins up with it and in this case, we are seeing green across the board.

Litecoin (LTC) Price Analysis

Litecoin is currently the number 5 cryptocurrency by market cap with a circulating supply valued at $3,017,837,498 and a trading price of $49.82. Over the last 7 days, it has added 16.94%and is one of the top performers. The LTC/USD pair has been enjoying a steady climb since bottoming out at $22, is now supported by a strong bullish trend line and trading above the 100 days Exponential Moving Average (red). The recent break above the level at $47 makes $56 the next target which could be reached inside a week’s time. It must be noted that the Relative Strength Index has entered overbought for the second time and that may generate a pullback into the 100 EMA.

LTC/USD chart by tradingview

EOS (EOS) Price Analysis

With a market cap of $3,497,498,697, EOS is sitting just above Litecoin in the market cap rankings at number 4. It is trading at 3.86 against the US Dollar and has increased a whopping 37.56% in the last 7 days. The recent climb broke the resistance at $3.10 taking EOS above the 100 days EMA and painting a bullish picture. The most likely scenario is a touch of the level at $4.60 which was support in the past and has not turned into resistance yet. The RSI is deep in overbought territory which is an early sign that a retracement will soon follow but, however, as long as the price is above $3.10 the bias is bullish.

EOS/USD chart by tradingview

Stellar (XLM) Price Analysis

Stellar added 12.95% in the last 7 days and is currently occupying the number 8 spot in CoinMarketCap rankings with a circulating supply valued at $1,711,752,210. It has a trading price of 0.089 against the US Dollar and, from a long-term perspective, the pair is in a clear and strong downtrend. The but is that after reaching the bottom at 0.073 the has started to show signs of bullish pressure. For now, the bulls and bears are battling for the control of 0.092 resistance, which if broken, will likely generate additional upside movement. A failed break here would send the pair back into 0.073 support.

XLM/USD chart by tradingview

Monero (XMR) Price Analysis

Currently sitting in the number 13 spot with a market cap of $875,852,285, Monero is trading at $52.10 and added more than 9% over the last 7 days. Monero has had a weaker climb than its peers and is still trading below the 100 days EMA and below the resistance at $59. XMR/USD is in a range created by $39 support and $59 resistance so before we can see stronger moves to either side one of the boundaries must be broken. It’s very likely to see a move into $59 - $60, where the next short-to-medium term direction will be decided.

XMR/USD chart by tradingview

 

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Binance Coin (BNB) – Forecasts and Prospects

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Binance Coin (BNB) is the native token of Binance – the world’s largest exchange in the crypto market – and may enjoy further growth in the short term
Binance Coin (BNB) – Forecasts and Prospects

Binance Coin (BNB) is the native token of Binance – the world’s largest exchange in the crypto market. It is powered by the Ethereum platform and runs under the ERC20 protocol. The total supply of BNB is slightly under 200 mln. Recently, it has managed to rise on Coinmarketcap and grab position #10.

Binance launched its coin in the summer of 2017.

The exchange provides a big catalyst for its token. Binance intends to set aside 20 percent of its quarterly revenue to recover from the market 50 percent of the BNB supply that has been sold already, and then it plans to burn those coins. This would ensure a limited offer of the asset and may well let its price soar.

Binance has already conducted a coinburn recently, on January 16. Back then, $9.4 mln worth of BNB coins was destroyed. After that, Binance Coin saw major momentum, and its price got over the $10 mark.

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BNB’s long-term prospects

At the end of 2018, the CEO of Binance announced that the exchange is about to launch a decentralized exchange (DEX). On February 20, 2019, the testnet phase of the DEX started.

The decentralized platform is backed by the Binance Chain – a blockchain developed specially for it by Binance. BNB is presently an ERC20-based token, but ultimately it will migrate to the new platform to turn into a native token.

This roadmap could ensure a massive rise for BNB in the future. However, if the DEX fails to deliver on the community’s expectations, everything may happen the other way round.

Right after the announcement regarding the DEX, BNB began ascending and since then has managed to grow from $6.20 to $11.67. Its current price is $10.77, as per Coinmarketcap.

Binance Coin (BNB) – Forecasts and Prospects

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Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230

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Litecoin price forecast 2019: The coin has the chance to reach the value of $230. What are the factors contributing to LTC growth?
Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230

Following Bitcoin’s path, Litecoin seems to be on the rise: it’s becoming quite popular among investors and is slowly gaining in price. There’s a very high probability that it will trade higher than $30 all year long, but what about its highest points?

Litecoin Price Forecast 2019: Set Sail to Break the $50 Iceberg and Swim as Far as $230

Focus on numbers: Litecoin’s future in 2019

Although the bearish period seems to be over, the crypto market is still highly volatile. That’s why making any short-term predictions is quite hard. However, it doesn’t discourage analytical websites and people from making their own forecasts.

Thus, according to publications on various crypto websites, Litecoin has enough potential to reach the $1,000 edge. Some articles mention the number $2,000 – it seems to be far from reality. What are these suggestions based on? It’s not clear.

However, these forecasts are on par with predictions from some experts. For example, George Tung, a cryptocurrency analyst, claims that Litecoin will reach $1,500 towards the end of 2019. Brian Kelly, the head of BK Capital Management (LLC), is sure we might witness an LTC price of $500 or even $600 by the end of this year. Though conservative, this approach seems to be close to reality.

In November 2017, Litecoin was traded at $100 and investors managed to enjoy 25x ROI. If the market is hit by the bullish wave again, the scenario can repeat: LTC might jump from its current $48 to $1,200. But what if that won’t happen?

Our guess is that Litecoin can reach the range of $150-$230 by the end of 2019. How can it crawl to such numbers? First, in August 2019, the block reward for miners will be cut by 50%, which might provoke the growth of demand for LTC.

What will kick-start Litecoin growth?

Here’s the whole gamut of factors that can make Litecoin soar separately or altogether:

  • The rate of accepting Litecoin on exchanges and online websites will gradually increase. One of the adoption examples is the Surf Air store that started accepting LTC payments.

  • Of course, Litecoin’s growth is partially defined by Bitcoin’s performance. At the moment, BTC is on the rise. However, Litecoin seems to recover from the bearish period much faster and better.

  • At the same time, while Bitcoin’s gaining in traffic, users start complaining about growing transaction fees and slow performance. That’s when their attention switches to Litecoin, with its lower commissions and better speed.

  • A big influx of traffic on Coinbase is expected – it backs three major crypto assets, including LTC.

Thus, Litecoin is getting more and more media attention, which only contributes to its growth. Some Internet users are sure that it has to reach the $50 mark to get back on track and start gaining in value. This event is definitely around the corner!

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Ethereum Price Analysis from Twitter: From $145 to $200 and Higher? What’s the Chance of Ethereum Breaking Out?

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Ethereum Price Analysis from Twitter: From $145 to $200 and Higher? What’s the Chance of Ethereum Breaking Out?

Ethereum is at the center of attention. There are a lot of things happening to ETH recently, but the best news is the uptrend which seems to have come. What do Twitter users think about it? Let’s trace the recent history of Ether and ETH price predictions in the latest tweets.

Starting from the middle of February, Ethereum began rising in price by 10%, step by step:

By February 21st, it has reached the $145 threshold. What’s going to happen next?

It’s not surprising that crypto traders remain skeptic after a long bear market. Most of them are still afraid of serious fluctuations. However, some are quite optimistic:

Many are sure that Ethereum is back on track:

Anyway, doesn’t it open new opportunities for investment?

What will accelerate Ethereum’s growth? There are a lot of changes to come, including the release of Constantinople, the overall market uptrend, and other aspects:

There’s a lot of fuss around Ethereum right now. For example, on February 21st, someone sold ETH for the highest fee in the history:

Samsung has integrated an Ethereum wallet into its new S10 phone, which seems to be a considerable step towards massive adoption of the cryptocurrency:

Yet, not all top players believe in Ethereum’s potential. Look at what’s happened recently:

Was Google right? Only time will show. We will continue watching Ethereum development trends.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Subscribe to U.Today on Twitter, and get involved in all top daily crypto news, stories and price predictions!
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