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📈 Price Predictions
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LTC, EOS, TRX, LINK Altcoin Price Prediction - Indicators Suggest a Short-Term Growth

  • Denys Serhiichuk
    📈 Price Predictions

    Is there a chance for the perspective altcoins to grow?

LTC, EOS, TRX, LINK Altcoin Price Prediction - Indicators Suggest a Short-Term Growth
Cover image via www.123rf.com

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

While Bitcoin is slowly but surely going up, altcoins are not losing their chances and keeping up with the growth of the first top crypto. Moreover, the rates of the top 10 coins are located in the green zone in correlation to BTC. The biggest gainer is EOS whose price has rocketed by almost 2.57% over the last 24 hours.

Top 10 coins by Coinstats

The key indicators of Litecoin, EOS, TRX, and LINK are looking the following way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Litecoin

LTC

$3 666 598 298

0,00698751 BTC

$2 895 245 497

0,38%

EOS

EOS

$2 987 886 529

0,00038625 BTC

$1 908 912 247

2,57%

TRON

TRX

$1 082 359 539

0,00000196 BTC

$747 035 094

3,76%

Chainlink

LINK

$821 810 597

0,00028379 BTC

$193 771 318

2,94%

LTC/BTC 

Even though Litecoin has been located in the green zone over the last day, it keeps trading within the descending channel.  

LTC/BTC chart by TradingView

On the 1D chart, the price of the ’digital silver’ declined deeper every time after each bounceback. Such a tendency is confirmed by the decreasing trading volume. Currently, LTC is trying to fix at the resistance level at 0.007 BTC. However, one should expect a potential decline in the area at
0.006 BTC soon due to the absence of the buying volume. 

Litecoin is trading at 0.006895 BTC at press time.

EOS/BTC 

EOS is the biggest gainer today out of the top 10 coins, its price has increased by 2.57% over the last 24 hours. The price of the asset has been located in the uptrend channel since September 25. 

EOS/BTC chart by TradingView

According to the chart, EOS is about to face a correction soon as the coin has been decreasing without any significant rollback. Besides, the RSI indicator is located on the verge of the overbought zone, suggesting an upcoming decline. Summing up, EOS is likely to trade within the corridor between 0.00037 BTC and 0.00038 BTC until mid-October. 

EOS is trading at 0.0003866 BTC at press time.

TRX/BTC 

After a continued decline started at the beginning of June, TRX is trying to show short-term growth. Its rate has gone up by more than 3% over the last day against Bitcoin.

TRX/BTC chart by TradingView

On the 1D chart, the quotes have been located in the uptrend since the end of September. The rising MACD indicator also confirms the ongoing price rise. 

Furthermore, the trading volume index is coming back to its previous high positions. In this regard, TRX is likely to reach the level of 210 satoshi in a few weeks.

TRX is trading at 0.00000196 BTC at press time.

LINK/BTC 

LINK is also in the list of the gainers. Its rate has gone up by around 3% over the last day.

LINK/BTC chart by TradingView

On the 1D chart, LINK is located in the overbought area according to the RSI indicator. Regarding the nearest price scenario, the rate is about to be corrected to the closest support zone at 0.00025 BTC. Such a scenario might happen until the end of October.

LINK is trading at 0.0002780 BTC at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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📰 News
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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com
Contents

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

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Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

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Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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