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Coinbase Adds Crypto-to-Crypto “Convert” Features

  • Thomas Hughes
    📈 Price Predictions

    Coinbase’s basket of digital assets is relatively thin, but they plan to add more in the recent future or at least that’s what they have stated


Coinbase Adds Crypto-to-Crypto “Convert” Features
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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.

Leading U.S. exchange Coinbase has recently added a service that allows users from 35 countries to “convert” (trade) the listed cryptocurrencies against each other. Currently, Coinbase’s basket of digital assets is relatively thin, but they plan to add more in the recent future or at least that’s what they have stated.

Also, U.S. customers now have the possibility to withdraw fiat currencies directly into their PayPal account. Coinbase representatives revealed plans to expand this feature to other regions, but the timeline is not yet set.

Chart Analysis – LTC/USD

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Litecoin has been one of the best performing coins, posting gains of almost 20% for the last 7 days, with most of those gains taking place over the last 2 days. Currently, Litecoin is trading just shy of 30 US dollars and seems to be retracing lower after the strong climb that started near $23.

The 2 EMAs have crossed bullish and are pointing upwards, which is surely a bullish signal, but now the RSI is moving lower after becoming overbought, which means that a bearish correction has already started. The target for this move lower is 27.80 (zone, not exact level), where upside movement may resume.

Support zone: 27.80 and the 2 EMAs

Resistance zone: 31.30

Most likely scenario: the correction finds support around 27.80 – 27.00 and upside movement resumes

Alternate scenario: low volatility break of support followed by choppy movement

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TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?

  • Denys Serhiichuk
    📈 Price Predictions

    It looks that buyers are fixing their positions. In this regard, is that a chance to buy or we need to follow the general market mood?


TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?
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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.

Contents

The situation on the cryptocurrency market has not changed a lot comparing to Thursday. Prices of most coins out of the top 10 have been reduced, however, there are 2 exceptions from the rule. Binance Coin and Litecoin are those ones that keep going up when other coins are ’’relaxing’’.   

Especially it is remarkable for BNB, whose rate has exceeded $20.


BTC’s domination rate is stagnating and now constitutes 52%.

BTC/USD

Friday, Apr. 19 has started for the main cryptocurrency with a red bullish candle, pushed down BTC from $5,274 to the $5,200 mark. Currently, the quotes are trading in the $5,200 - $5,250 corridor.

BTC/USD chart by tradingview

Yesterday, the main cryptocurrency managed to overcome the resistance of the Fibonacci level and tested the mark of $5,276 (61.8%).

If today we manage to return to this level, then the path to the $5,300 mark is possible. The target level of bulls will be reached, after which a pullback will start to fix positions.

On the whole, the BTC maintains an upward priority, but in the coming days, a flat range is also possible.

The price of BTC is trading at $5,256 at the time of writing.

ETH/USD

A general picture for Ethereum is even better than for BTC, as its price has not reduced so much.  Yesterday, the asset touched the $176 mark but was not able to consolidate it and rolled back to $170.

ETH/USD chart by tradingview

On the 1-hour chart, ETH has all efforts to come back to the $180 mark, which was achieved on April.10. That is confirmed by the RSI indicator and trade volumes.

👉MUST READ Ethereum 6 Month Price Prediction – ETH Price May Touch $375 Very Soon. ETH/USD Price Forecast 2019
Ethereum 6 Month Price Prediction – ETH Price May Touch $375 Very Soon. ETH/USD Price Forecast 2019

However, taking into account fundamental factors, some Ethereum based projects have started to migrate to Binance Chain network. If such a trend continues, it could negatively affect the ETH’s rate.

The price of ETH is trading at $171.89 at the time of writing.

XRP/USD

Ripple is the biggest loser from the top 3 coins, as its rate has dropped by more than 2% over the last 24 hours.

XRP/USD chart by tradingview

The price of XRP is trading at $0.33 and continues to move within the growth and the downward channel. The quotes XRP/USD are moving inside the Ichimoku cloud, which indicates the presence of a lateral trend for Ripple.

👉MUST READ XRP Price Prediction: huge profit warning detected. Ripple bulls in anticipation of rapid growth
XRP Price Prediction: huge profit warning detected. Ripple bulls in anticipation of rapid growth

An impetus for growth renewal can be the recent news concerning the Huobi exchange which added 3 more trading pairs for XRP.

The price of XRP is trading at $0.3322 at the time of writing

'American dollars grow on the garden bed on a meadow' image by 123rf https://ru.123rf.com/photo_30987713_american-dollars-grow-on-the-garden-bed-on-a-meadow.html?term=profit&vti=o9xp8gyf1mf7388jaw-2-55
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