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LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin
LTC Price Predicted to Keep Rising After Sparking Crypto Spring — Five Positives from Litecoin

Japan Exploring Plans to Taper Cryptocurrency Taxes

  • Thomas Hughes

    This week, Japanese lawmaker and congressman Takeshi Fujimaki proposed four major changes to crypto taxation policies

Japan Exploring Plans to Taper Cryptocurrency Taxes
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This week, Japanese lawmaker and congressman Takeshi Fujimaki proposed four major changes to crypto taxation policies. This comes after the government of Japan revealed in October that they plan to reduce taxes on crypto investments.

The four proposed changes are:

  • decreasing of crypto tax gains from up to 55% to a flat 20%
  • losses should carry forward across quarters and years (until cashing out)
  • crypto-to-crypto trades should not be taxed
  • small crypto payments should not be taxed  

Adoption of the above changes would clearly help Japanese investors, but these days it seems like it takes a truckload of positive news to move the market, and this potential tax taper could go mostly overlooked even if it comes to fruition.

Chart Analysis – LTC/USD

image

After some jerky movement with a bullish bias seen over the weekend, Litecoin erased all gains, dropping more than 20% over the last 7 days and more than 4% for the last 24 hours. The pair is trading below a solid bearish trend line and seems headed for the previous low at 22.5.

The previous bounce at 22.5 had sparked buying interest, but the pair failed twice to break above 27.8 – 28.0, and this nullified the advances and any chance of a sustained climb, at least for the time being. Also, the two EMAs (with periods 20 and 50) are crossed bearish, with a large gap between them. This combined with the overall bearish environment makes us anticipate further downside, with a break of support.

Support zone: 22.5 – 22.0

Resistance zone: bearish trend line and 27.8 – 28.0

Most likely scenario: break of support en route to 20.0 (big round number, psychological level)

Alternate scenario: choppy movement in close vicinity of support; no clear direction

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Bitcoin Cash Price Prediction: $300 in a Few Weeks? The BCH Rocket-Speed Rally Has Just Begun!

  • Vera Thornpike

    Bitcoin Cash price prediction for March-April: BCH price charts and technical indicators give us positive signs. BCH is to reach $170 soon and break other resistance leve

Bitcoin Cash Price Prediction: $300 in a Few Weeks? The BCH Rocket-Speed Rally Has Just Begun!
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Contents

Taking the lead of the race, Bitcoin Cash has outperformed other cryptocurrencies by growth rate and has recently rocketed to $157, surprising traders. Has it reached the roof? Not likely – tradingview users have a positive outlook at BCH perspectives and future price and share their opinions with us. Good news: BCH $300 value is possible again!

BCH to reach $300 in the coming weeks

BCH might reach $300 by April 10th

Bitcoin Cash price chart from BeefStew

Sounds fantastic, but we might see BCH reaching $300 in the coming weeks if BTC continues moving upward. If the channel is accurate, the previous downward trend line and the 200 EMA will intersect at $300 around April 10th. Isn’t it great?  It means investors might enjoy at least a 200% profit in a few weeks.

However, other BCH price predictions aren’t as optimistic as this one – other TradingView users are sure that BCH will face resistance soon.

$172 price before retrace

Bitcoin Cash might take a step back after reaching $172

Bitcoin Cash price chart from EuroMotif

Bitcoin Cash is still at the head of the rally, and it looks pretty strong right now, targeting the $172 level. However, according to EuroMotif, as soon as it reaches the $172 threshold, it will take a path of retracement. Yesterday, we could see Bitcoin Cash hitting resistance at 5.618, but it was able to surpass it.

Let’s hope it will be able to move forward after hitting $172, as well.

Uptrend to $170 is likely to continue

Uptrend to $170 is very likely to go on

Bitcoin Cash price chart from Goldgram

According to Goldgram, Bitcoin Cash’s StochRSI is moving close to the center. Thus, If the BCH/USD pair goes beyond the range, then a new trend will be created and the price could rally all the way up to $156 to $160.

Since the price has broken through the $140 range, the uptrend can extend to $170.

But what if BCH take a nosedive after its splendid soaring? Traders can uphold the stops on the long positions at $114. If the bears go under the pair below $120, it can decline to $104.

Goldgram points some resistance and support lines for the short term:

Resistance 3: $132.4006

Resistance 2: $130.4683

Resistance 1: $128.9942

Support 1: $125.5877

Support 2: $123.6554

Support 3: $122.1813

Expect a minor BCH plunge before recovery

BCH might fall for a week to give us a chance to enter the market

Bitcoin Cash price chart from ArminZed

Take a look at the Bitcoin Cash price graph from ArminZed: he predicts that BCH will soon retrace to its previous $136 position (it will happen by March 25th), but it won’t last long. By the beginning of April, it’s expected to get back to $150 and higher. Might be a great opportunity to enter the market and make a profitable investment.

Bitcoin Cash has made a great present for investors managing to break the channel. But what’s next? Should we target the $170 zone? Definitely, yes. Even if that doesn’t happen in the nearest weeks, a BCH retracement might become a great opportunity for investors.

BCH/USD price chart on 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 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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