📈 Price Predictions Stavros Georgiadis

Is British Pound Going Up? Forex & CFD Weekly Forecast

📈 Price Predictions
Our expert reasons about the weekly situation on the Forex market and predicts the growth of the British Pound
Is British Pound Going Up? Forex & CFD Weekly Forecast
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On Friday, Nov. 2, 2018, the US dollar pared losses on surprising the US nonfarm payroll data. The US Unemployment Rate for the month of October 2018 actual figure was 3.7% vs. 3.7% forecast, and the USD Change in Nonfarm Payrolls actual figure was 250K vs. 200K forecast.

These strong numbers pointing a solid growth in the US labor market will be the focus for the US Dollar trend this week as we are approaching the midterm elections and most importantly the FOMC Rate Decision on Thursday, Nov. 8, 2018. This week, there are three monetary policy decisions from the Fed, the Reserve Bank of Australia, and the Reserve Bank of New Zealand, all of them being key economic events.

These are the main forecasts for EUR/USD, GBP/USD, and USD/JPY this week.

EUR/USD Forecast

EUR/USD

Weekly Pivot Points for the pair are S1 1.1307, Pivot 1.1382 and R1 1.1461. As the pair is trading under its 20-period and 50-period EMA daily moving averages, there should be a range trading between 1.1450 and 1.1300, favoring the downside.

GBP/USD Forecast

British Pound strengthened the previous week over favorable news regarding Brexit. Is it likely to continue the bullish momentum in the coming week?

GBP/USD

Weekly Support & Resistance Levels:

Support

Resistance

1.2707

1.3021

1.2585

1.3212

1.2272

1.3525

  • Key Trading Level: 1.2899

We estimate that the recent move was a result of positive sentiment over Brexit news; no fundamental event to support it and profit taking should result in a trading range between 1.30 and 1.28 favoring the downside. On Friday, Nov. 9, 2018, the GDP Growth Rate for the third quarter is a key economic event with expectations for an increase for the yearly figure at 1.5% vs. 1.2% previous figure and 0.6% vs. 0.4% previous figure for the quarter.

AUD/USD Forecast

Weekly Support & Resistance Levels

Support

Resistance

0.703

0.7138

0.6971

0.7188

0.6863

0.7297

  • Key Trading Level: 0.708

We anticipate no change to be made at the latest Reserve Bank of Australia monetary policy decision on Tuesday, Nov. 6, 2018, keeping the key interest rate unchanged at 1.50%. A trading range of 0.72–0.70 should hold, favoring the downside as the pair is trading below its 20-period and 50-period EMA daily moving averages.

AUD/USD

How about the situation on the US stock market?

Keep an eye out for the midterm elections, an interest rate decision from the Fed, and earnings from big names like Disney and Marriott.

Apple Stock

On Thursday, Nov. 1, 2018, Apple (NASDAQ: AAPL) released its earnings for its fiscal fourth quarter, and these were the actual vs. forecasts:

  • Earnings: $2.91 per share vs. $2.78, forecast by Refinitiv consensus estimates

  • Revenue: $62.9 bln vs. $61.57 bln, forecast by Refinitiv consensus estimates

  • iPhone sales: 46.89 mln vs. 47.5 mln, forecast by FactSet and StreetAccount estimates

  • iPhone average selling price (ASP): $793 vs. $750.78, forecast by FactSet and StreetAccount estimates

Despite a beat on both earnings and revenues, shares of Apple fell more than seven percent — falling below its historic $1 trillion market cap following the release closing at $207.48 on Friday, Nov. 2, 2018.

Although the stock is now trading below its 20-period and 50-period EMA daily averages, a price near the $200 psychological level should provide a bounce towards the recent $233.47 52-week high price a buying opportunity.

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Tether Price Forecast 2019 - Overcoming the Gap Between $1 and $5 Is Still Possible

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Tether price prediction 2019 – Can it outgrow a $1 value?
Tether Price Forecast 2019 - Overcoming the Gap Between $1 and $5 Is Still Possible
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Tether, one of the top-10 world cryptocurrencies, seems to be gaining traction – a lot of experts put hopes in this asset believing that it can triple its current $1 cost. However, $3 is a very humble forecast. Prepare for Tether to reach $5, but keep in mind that it may fall to $0.14 as well. What are the chances? Let’s read USDT price predictions 2019.

Tether all-time price chart
Tether price chart: USDT’s recent price has been around $1

The most popular Tether price predictions 2019

Forecasts differ by numbers, though the vast majority of websites and experts are sure that USDT will gain in value.

TheNextTechs.com

One of TheNextTechs.com website authors published an article where he tried to predict Tether’s price. He believed that USDT is to reach the price of $1.50 by the end of 2019. Here’s what he said:

“Tether forecast shows that price shows a corrective wave. After every corrective wave, there will (be) a(n) impulse wave. Inverters should wait for that impulse wave, and after that, they will gain a 50% profit.”

Thus, if you invest $100 right now, you can enjoy 50% gains by the end of the year. Seems to be too positive? Wait a bit.

Coinfan.net

According to this website that focuses on technical analysis, Tether should reach $1.9 by the end of February. By the end of this year, it should grow to as much as $7! That sounds unrealistic considering the fact that Tether is backed up by the US dollar, so the gap would be too huge.

Uslifted.com

Combining the predictions of all other websites, Uslifted.com states that 2019 will be a year of opportunities for traders. In 2019, prices of cryptocurrencies are expected to rise, and Tether will reach $1.75. Right now, it’s better to hold USDT and wait some time.

The reverse side of the coin

While the growth of cool altcoins like Ripple and Stellar is conditioned by their technological superiority, Tether hasn’t much to offer. That’s why some experts and websites aren’t so sure about its success.

According to Fortune.com, Tether is not interesting for investors, so there’s a chance it will follow the way of Basis, which was shut down in 2018. This stablecoin project won’t survive through the battle and won’t be able to preserve a monopoly.

Tradingbeasts.com predicts that USDT will be stale all year round: it will be stuck at the $0.60 point. In 2020, it will fall to $0.53 and stay at this level.

The InvestingPr.com website, which focuses on traditional stocks as well as a cryptocurrency, has a neutral opinion. Here’s what one of the authors said:

“Tether is a great idea that is crucial to the healthy functioning of the cryptocurrency markets, but its execution has been far from perfect. The concerns over its finances and recent market moves have spooked experienced and casual investors alike. Barring major new revelations, however, Tether is unlikely to deviate far from its $1 benchmark.”

Considering the fact that Tether relies heavily on the US dollar, this prediction can turn out to be true.

What can drive Tether growth?

There are several factors that can promote Tether development:

  1. Wide availability, which will attract major investors.

  2. The volatility of Bitcoin and other cryptocurrencies.

  3. Investors are very likely to avoid price drops after such a long bearish period.

  4. Increasing supply.

At the same time, Tether has a lot of issues to deal with. For example, the crypto community and government have to decide whether the audit is required. Besides, there’s a threat of lack of reserves, but the Tether team promised that it has sufficient fiat backup reserves.

Every USDT coin is supposed to be backed up by a fiat $1
USDT relies on USD total supply

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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Major Ripple Price Forecasts 2019 – Expectations vs Reality. Why a Value of $10 XRP Is Overestimation?

📈 Price Predictions
Ripple price forecast 2019: From $0.25 to $10 and higher. Whom to believe?
Major Ripple Price Forecasts 2019 – Expectations vs Reality. Why a Value of $10 XRP Is Overestimation?
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Despite the fact that Ripple blows its competition out of the water and is retaining third place in the top-10 world cryptocurrencies, its price is still far from perfect. So far, it has been keeping in the range of $0.28-$0.35, and its current price is $0.31 (as of 02/18/19).

Ripple performance within the last 3 months
The Ripple price is slowly falling during the crypto winter

Experts continue making Ripple price predictions and forecasts. Some are realistic, while some sound like science fiction. Let’s check out the opinions of authoritative crypto experts and websites, and find out what are the chances their assumptions will materialize.

Major XRP price predictions 2019

Considering Ripple’s technological superiority and potential partnerships, many crypto experts believe that it must soon rally from its low. Here’s what they state:

  1. Ripple Coin News, one of the largest websites of its kind, predicts that 2019 will be a lucky period for Ripple, and its price can soar to the $8-10 mark. Such growth will be enabled by new technologies and partnerships.

  2. Daily Express, a UK newspaper, states that XRP is to hit the $5.06 mark.

  3. According to theoofy.com, continuous growth and stability of its position can make Ripple reach $1.2 by the end of 2019. That might happen in Q3 or Q4 2019 if things go smoothly. If XRP manages to double its value in the nearest time and enter the market at the rate of $0.78, it may reach $1.10 by the middle of 2019. The listing of Ripple on independent trading platforms and investment projects can accelerate this process.

  4. Investing Haven’s Ripple price prediction is $20 in 2019. Such forecast is based on the introduction of xRapid tech, partnerships with financial institutions, as well as XRP technological advantages.

Some other websites, including Xstreet, express.co.uk, and Investing PR state that Ripple’s value should reach about $3-5 by the end of this year.

However, some websites are less optimistic about that:

  • The 30rates website predicts that Ripple will stay somewhere between $0.259-$0.299 in March 2019.

  • Metro, a major UK newspaper, also predicts a Ripple price of $0.22-0.28. They are sure that Bitcoin will continue its dominance and is expected to reach $20,000 again.

  • The Economic Forecast Agency expects Ripple to fall further without naming particular numbers.

$10 Ripple price – How real is it?

Okay, we all hope for the best and want Ripple to reach its highest heights this year, but what are the chances of it overcoming a $10 mark?

We have already discussed the possibility of Ripple hitting $100 – it’s almost impossible. Let’s perform similar calculations:

Ripple’s overall supply is 99 991 698 361 XRP.

For 1 XRP to cost $10, Ripple’s market cap should be $999,916,983,610!

Think about it. Almost 1 trillion.

At the moment, Ripple’s market cap is $12.7 bln (1/83 of the desired goal).

Even Apple’s market cap is $800 bln, which proves there’s nothing impossible, but there are too many ‘What ifs’.

What if Ripple won’t stand the competition from Litecoin and Tron?

What if it won’t be as massively adopted as Ripple Labs’ plan?

What if governmental regulations will hinder Ripple implementation in banks?

For XRP to reach the $10 mark, we should witness a huge adoption rate from the world’s banks and financial institutions. Let’s be sincere: right now, all we can count on is a $1.20 price by the end of 2019. The current situation in the crypto market makes Ripple a great investment target, so don’t lose your chance. Sooner or later it should take off and soar high to the sky.

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, Ripple, NEO, Cardano - Weekly Overview and Price Prediction

📈 Price Predictions
The crypto market is showing steady signs of improvement, adding over $6 billion to the overall market cap in the last 48 hours.
Ethereum, Ripple, NEO, Cardano - Weekly Overview and Price Prediction
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The crypto market is showing steady signs of improvement, adding over $6 billion to the overall market cap in the last 48 hours. Bitcoin is also hinting at a stronger recovery but the O.G. cryptocurrency is not the only one in green, and certainly not the one moving the most. Ethereum, NEO, Cardano, and Ripple have all seen improvements and look like they could extend their gains.

Ethereum (ETH) Price Prediction

Ethereum has widened the gap between it and Ripple, the difference between the 2nd and 3rd ranked cryptocurrencies are now close to $2 billion. The widening is due to a massive surge in price for ETH, while XRP is trading only slightly bullish.

After successfully breaking resistance between $125 and $130 Ethereum is now trading at $140. The world's most advanced blockchain has added more than 15% in the last 7 days, with more than 10% over the last 24 hours, and momentum is building. The caveat is that the RSI is already in overbought territory (above 70) on a 4-hour chart and that price has been moving straight up for a substantial distance which means it is susceptible to profit-taking. While I expect to see ETH up by the end of the week, we will likely see some bearish retracement before then.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

NEO (NEO)

With a market cap of just over $550 million, NEO is currently ranked at number 17 according to CoinMarketCap data. The coin added almost 9% over the last 7 days and is trading near $8.60 right now. NEO has bounced and moved above the 100-period Exponential Moving Average on a 4-hour chart which opens the door for a touch of the key resistance at $10. This is both a technical and psychological level which is very important regarding the medium to long term movement. Considering the way NEO has been moving, and the fact that it is not yet overbought, a touch of $10 could come as early as the end of this week.

NEO/USD chart by TradingView
NEO/USD chart by TradingView

Cardano (ADA) Price Prediction

Cardano is sitting at number 12 in the market cap rankings. It’s currently trading at 0.043 against the US Dollar and has added 5.58% in the last 24 hours. It seems like, after a period of sideways consolidation, ADA is waking up and aiming for resistance near $0.048. The 100 period EMA is relatively flat but with a bullish bias and so far offering good support. The RSI is just entering the overbought territory, a sign of strength, so we may see a touch of 0.048 by the end of the week.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Ripple (XRP) Price Prediction

Occupying 3rd place by the value of the total circulating supply, Ripple’s XRP is currently trading at $0.31 after spending an extended period hovering near $0.30. The pair is facing minor resistance at $0.32 that is so far holding price in check. We are now dealing with a classic “bounce or break” scenario in which price will move into the next resistance ($0.35) if it can successfully break $0.32 or it will drop towards $0.28 if the current resistance holds. We should know which scenario is more likely to come true by the end of the week.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

 

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[16 Feb] Weekly Price Prediction - Bitcoin, Ethereum, Ripple, Tron

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A new filing from NYSE ARCA has started another countdown for the cryptocurrency market.
[16 Feb] Weekly Price Prediction - Bitcoin, Ethereum, Ripple, Tron
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A new filing from NYSE ARCA has started another countdown for the cryptocurrency market. In the filing NYSE ARCA and Bitwise Asset Management make another case for a rule change that would allow the listing for a Bitcoin ETF. This is not the first time we’ve been faced with this event and it may not be the last time an ETF is rejected but, based on what we heard from the SEC last month, a Bitcoin ETF is all but assured. Sooner or later. Maybe.

BTC Price Prediction

Bitcoin didn’t move much on this news as it is just another effort amongst many. The news is good but nothing to spark a rally until there is some concrete news. The SEC now has 45 days to review the filing and at most 240 days to make a final decision so there is some hope. The world’s reserve cryptocurrency is still trading within a tight range near the middle of a larger trading range. The good news is that the token has moved up above the short-term moving average and looks like it will at least test resistance near $3,800. A break above that would be bullish.

BTC/USD chart by TradingView

ETH Price Prediction

Ethereum has also moved above its short-term moving average and looks bullish. The world’s most advanced (in theory) cryptocurrency is heading higher and likely to retest resistance at $134. The move may find stiff resistance at this level but if it is broken, I would expect to see a sustained rally follow. The indicators are strengthening, such a move would create a powerful bullish signal. My target for ETH is $60 and $200 in the near to short term.

ETH/USD chart by TradingView

TRX Price Prediction

Tron fell below key support and looks like it has ended its bull run. The token topped out at only $0.03 and is now below the 30-day EMA and the $0.025 level. Now that this psychological level has been pierced a much deeper decline is possible. A move lower would confirm downward pressure and likely lead this token down to $0.02 or lower.

TRX/USD chart by TradingView

XRP Price Prediction

Ripple is still wrestling with resistance at the short-term moving average, but it doesn’t look like it is getting ready to fall. There is strong support just below today’s level that is the focus on recent bullish activity, a touch to that level would be a buying opportunity. A move above the short-term 30-day EMA would be bullish and could take this token up to $0.40 or $0.45 in the near to short-term.
Picture

XRP/USD chart by TradingView

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 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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Fresh Litecoin Price Forecast 2019: Will LTC Jump to a Minimum of $780? Experts Don’t Even Doubt It!

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Litecoin price prediction 2019: What will drive LTC growth this year?
Fresh Litecoin Price Forecast 2019: Will LTC Jump to a Minimum of $780? Experts Don’t Even Doubt It!
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Litecoin has managed to become one of the top world cryptocurrencies, and there are many crypto experts who are sure that we are to witness a huge LTC rise this year. What exactly should happen to Litecoin, and does investing right now make sense?

Fresh Litecoin Price Forecast 2019: Will LTC Jump to a Minimum of $780? Experts Don’t Even Doubt It!

5 Popular Opinions

Here are five opinions from authoritative experts and websites that influence the Litecoin community:

  1. According to the Theoofy.com website, there’s a “95% probability that LTC will trade between $30 on the lower side and $7,600 on the higher side. The median value of Litecoin is likely to be around $470.”

  2. Longforecast.com, a technical analysis platform, predicts that Litecoin will gain value in the range of $780-$1,374 by the end of 2019 or at the beginning of 2020.

  3. George Tung, a cryptocurrency analyst, thinks it’s not the ceiling. He claims that Litecoin can easily climb to the $1,500 threshold.

  4. Another popular crypto analytical website, Steemit.com, predicted that LTC can hit the $3,500 mark this year: it will gain momentum when the overall cryptocurrency growth starts. It’s better than Bitcoin from the point of speed and performance, so the crypto community will prefer LTC to other tokens.

  5. The analytic website Digitalcoinprice.com provides a more realistic forecast: according to its 2019 prediction, Litecoin will reach $80 by November and fall to $76 in December 2019. Anyway, the 80-90% ROI seems to be quite good.

In August 2019, Litecoin will halve the LTC mining reward from 25 LTC to 12.5 LTC. That could enable a bull run and advance its price greatly.

Fresh Litecoin Price Forecast 2019: Will LTC Jump to a Minimum of $780? Experts Don’t Even Doubt It!

Why will the crypto community choose Litecoin?

You might wonder why people would choose Litecoin investments. There are many factors that will trigger Litecoin development:

  • Litecoin is an open-source blockchain, which means it is supported by a large developer community. With SegWit and the Lightning Network, Litecoin can get a new kickstart.

  • Litecoin is way faster than Bitcoin, with an average block processing time of 2.5 minutes against Bitcoin’s 10 minutes. Besides, Litecoin’s transaction fees are close to zero. That’s why many will prefer it to Bitcoin.

  • The people behind Litecoin are skilled developers with a good reputation and boatloads of experience.

  • Litecoin is less volatile than many other cryptocurrencies, even during market corrections and crashes.

  • LTC/BTC atomic swaps make it easy to trade Litecoin.

  • Litecoin has received great support from its Chinese audience, which means a lot for this project.

It goes without mentioning a few great partnerships that Litecoin has recently established. For example, the Litecoin platform acquired a German bank to convert LTC into real currency: it allows people to spend LTC as regular money using their credit/debit card. This way, LTC payments are not restricted by mobile transactions only.

Litecoin also started working with the SALT financial company. It provides people with loans in the form of digital assets. This helps to bridge the gap between the crypto world and traditional financial systems.

Bottom Line

Litecoin has great chances to multiply its cost in 2019: we will watch it grow when the prolonged crypto winter ends. Many believe that the Litecoin price depends on Bitcoin, so when BTC gains momentum, we should expect Litecoin to follow suit.

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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