📈 Price Predictions Stavros Georgiadis

Bitcoin Price Prediction for December: Is a Bottom Near?

📈 Price Predictions
November was a very negative month as the market capitalization of all major cryptocurrencies took a $70 billion hit.
Bitcoin Price Prediction for December: Is a Bottom Near?
Contents

Bitcoin had a very volatile trading year in 2018. In this article, we will conduct an analysis regarding Bitcoin’s price prediction. We will look at what are the key drivers for Bitcoin’s price as the year wraps up, and we will make a price prediction for the month of December 2018 based on technical analysis and the main news that moved the coin during the past month.

Bitcoin price prediction December

In November 2018, Bitcoin fell 37 percent, wiping $70 billion off of the cryptocurrencies' market value. It was a very intense selloff as the world’s largest cryptocurrency struggled to break above $4,000 on the last day of November, having started the month well above $6,000.

In general, it was a very negative month as the market capitalization of all major cryptocurrencies took $70 billion hit, according to CoinMarketCap. During the month of November 2018, Bitcoin had a high price at $6615, a low price at $3657, an open price at $6368, and finally a close price at $4039.50. The big red candlestick shown in Bitcoin’s monthly chart shows the strong selling pressure during the whole month.

imageWhile it is too hard to make general Bitcoin predictions, our technical analysis section at the end of this article will attempt to provide a Bitcoin price prediction for today. Throughout the past month, the main news that drove the price of Bitcoin down was a rather "messy" fork on the Bitcoin Cash network.

That digital currency split into two versions: "Bitcoin ABC" and "Bitcoin SV". While the split occurred on a different blockchain, there were still spill-over effects onto other cryptos, including Bitcoin. But is this a real bottom for Bitcoin in December 2018? What are some realistic Bitcoin projections for 2019?

“It’s unclear if this is a ‘bottom’ or a brief period of consolidation before next move down, but buyers are still maintaining some cash on the sidelines in case it does go lower,” said Michael Moro said, CEO of Genesis Global Trading.

Bitcoin price prediction end year

The following list of Bitcoin companies, wallet providers, Bitcoin exchanges, payment service providers and various services — such as mining pools and cloud mining — shows that Bitcoin has large business potential, yet regulation issues and valuation worries make it a very volatile financial asset.

  •  Binance, Bitcoin exchange
  •  Bitfinex, Bitcoin exchange
  •  Kraken, Bitcoin exchange
  •  Tidbit, mining
  •  Coindesk, news
  •  Circle, wallet provider
  •  SearchTrade, search engine

One of the most important factors regarding Bitcoin's price prediction for 2018 will be business prospects. Not all things are negative, though, so a bounce from the recent level of about $4170 is possible, targeting the levels of $4700 and $5000 by the end of this month.

Let’s not forget that Bitcoin projections for 2018 by experts range widely, from $25,000 by Tom Lee, to lower prices than $7,000 if the support levels of $7350-$7,000 do not hold by Robert Sluymer, both from the same market analysis firm, Fundstrat. One of the most important business and fundamental factors to consider when trying to make a Bitcoin prediction for 2019 is the cost of mining. A BTC price prediction based on mining costs is the following, according to Tom Lee:

“The fully loaded cost of (to mine) Bitcoin next year, is going to be like $14,000, reflecting the difficulty”.

He has continually noted that Bitcoin has held at the cost to mine, which means that the crypto will rise to meet the cost of mining when necessary.

Bitcoin price prediction 2019

image

Although there are many statistical tools for a Bitcoin price forecast, all of them have a large degree of uncertainty. The infographic above shows the journey over time to a $10,000 Bitcoin price, which happened throughout 2018.

Can it happen again in 2019? Some of the detailed trend components of price predictions are about determining a trend line using a series of statistical data. As there is only one left month for trading in 2018, a Bitcoin forecast today is much more difficult than in early 2018, when someone could have arguments and form an opinion about Bitcoin’s outlook, either a bullish or a bearish one. Time limits are now very narrow and a catalyst for Bitcoin price predictions will be the unknown factors of regulation. Tougher regulatory rules will most probably have a negative effect on the value of Bitcoin.

Bitcoin price forecast

Famous venture capitalist Tim Draper, who predicted in 2014 that Bitcoin would hit $10,000 in three years, believes that Bitcoin predictions can justify a price of over $100,000. In our technical analysis section that follows, we will make a forecast for the end of December 2018. It is based on the current trend and its strength.

By no means it is an investment recommendation, as a Bitcoin projection is a very uncertain financial analysis, based on news, reports, the supply and demand of the cryptocurrency, and the perception of traders and investors about its business prospects. Llew Claasen, who is the executive director of Bitcoin Foundation, recently stated that he expects Bitcoin to hit $40,000 by the end of this very year. He further added that 90% of the cryptocurrencies will actually fall. This is a very optimistic BTC forecast.

Bitcoin price prediction chart

image

In this daily chart, we will analyze our Bitcoin trend prediction for December 2018. Technical analysis is used as means to predict what price action will happen in the future, considering what happened in the past. Based on our technical analysis, there are chances for a bounce, but we do not believe that there will be a significant trend change, as the recent trend is a downtrend.

We estimate a Bitcoin forecast for the rest of the year to be as follows:

  • Price should be between $3184 and $6302, as these are the lower and upper daily Bollinger bands which contain about 95% of the price range based on the statistical feature of two standard deviations related to a moving average set at 20 periods. These Bollinger bands on the daily chart widened a lot during mid-November 2018 up to now, reflecting increased volatility and price action. A selloff followed, making BTC predictions for 30 days a very tough task.  
  • If there is bounce and a retracement from the current level of about $4170, a conservative target would be around $4750, which coincides with the 20-period exponential moving average.
  • The current trend is a downtrend, as it was for the whole year of 2018. One of the key concepts in technical analysis is that a trend remains intact waiting for key drivers to change it. The key support levels of $6200, $6000, and $5800 were broken and now for as resistance levels.
  • The key level of $3740 should hold as a temporary bottom. It is the level that traders will focus on to move the price lower, making a new low price for 2018 in the event the downtrend resumes.
  • Now the price at $4170 is in a consolidation phase. This phase may last until the end of 2018, and the scenario of a tight range between $3740 and $4500 is highly likely.
  • The price is now trading below its 20-period and 50-period exponential moving averages at $4694 and $5459 respectively. Both moving averages are pointing down reflecting a strong downtrend.
  • MACD indicator with values (12,26,9) is negative but is very close at making a bullish cross and its histogram is diminishing, which may be an early sign that the downtrend will at least pause.
  • The ADX/DMI indicator, which measures the strength of the trend, shows a very strong trend, a dominant downtrend with values for the ADX, +DI and -DI as 49.96, 11.17 and 30.12 respectively.
  • If the support level of $3720 does not hold, then the price can move to significant lower levels.
  • Using Fibonacci retracements and taking a high price $6500 and low price $3690, the 0.236, 0.382, 0.50 and 0.618 retracement levels are $4355, $4766, $5098 and $5903 respectively. The 0.382 retracement level from the low price at $3690 is almost our predicted price bounce at $4750.

Bitcoin prediction conclusions

2018 has been a very volatile and negative year for Bitcoin so far. There are many arguments in favor of the cryptocurrency, its business prospects, and potential uses in the financial world, but there are also many arguments in favor of what really drove down its price to collapse from the high price of $17252 in January 2018 to the recent low price of $3657 in November 2018, a decline of about 78.80%.  

As mentioned, predicting Bitcoin price movements for the rest of the year is very difficult and has a large degree of uncertainty. It is most wise and prudent to trade with the trend, which is a downtrend. However, a retracement to higher levels is a probable scenario. In this scenario, we do not think that the retracement will be one of a large degree.

The cryptocurrency needs catalysts to move further and form a bottom at these levels. If the support above $4,000 will hold for several days, our basic scenario is for a Bitcoin price of about $4700 for the remaining days of December 2018. This is based on the trading concept of reversion to the mean, as volatility has expanded significantly as of mid-November 2018. If high volatility is to be followed by low volatility, then a price correction to higher levels has enough probability to occur.

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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
Contents

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 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
Contents

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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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?
Contents

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
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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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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 predictions from Twitter: Can an ETH price of $145 be the sign of an uptrend?
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 Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
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