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TOP 4 Price Predictions: Ethereum, XRP, LTC, BCH: Market Is Overbought? A Correction Is Already Here

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TOP 4 Price Predictions: Ethereum, XRP, LTC, BCH: Market Is Overbought? A Correction Is Already Here
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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

Emotions are gradually calming down on the cryptocurrency market, and the activity of traders has noticeably reduced. In most trade pairs, prices are located within trading ranges, although they are close to their upper boundaries.

When measuring the size of the position being opened, one needs to take into consideration that the volatility indicators have decreased. They are still at values substantially higher than those before growth on April 1, which indicates some uncertainty and nervousness among traders and investors.

Currently, the market capitalization is $179 billion.

ETH/USD

Yesterday we saw a new increase above the resistance of $180. The pair struggled to maintain a bullish momentum and later corrected below this level.

In addition, the Fibonacci retracement level of 61.8% of the last wave from a minimum of $175 to a maximum of $185 served as support.

ETH/USD chart by TradingView

It seems that there is a bearish line with a resistance of about $181.5 on the ETH/USD hourly chart, which is an obstacle. A clear break above the trend line and $184 can be a sign of further growth.

The price of ETH is trading at $177.02 at the time of the writing.

XRP/USD

XRP has already tried to break through resistance at $0.365 three times in recent days. Now the coin is in the range where the resistance level is $0.375 and the support level is $0.345. The rate continues to consolidate within this level for the next breakthrough, which is likely to be a jump, as Ripple is in an uptrend.

XRP/USD chart by TradingView

If the price gets a new impetus, then the asset can reach the resistance level of $0.40.

The price of XRP is trading at $0.3521 at the time of the writing.

LTC/USD

Litecoin keeps fighting against Bitcoin Cash for the 4th top cryptocurrency spot.

Yesterday, it overcame the resistance level of $90 but failed to consolidate above the level of average prices EMA55, which on the hourly chart passes through the $91 mark.

This morning, on small volumes, the LTC price rolled back slightly below support $87, reducing the total capitalization to $5.3 billion. Further price reduction could lead to a rollback to $80.

LTC/USD chart by TradingView

Now the pair is trying to gain a foothold in the area of $90. If it is possible today to maintain positions in the area, then we can expect a re-test level of $100.

The price of LTC is trading at $86.84 at the time of the writing.

BCH/USD

The price of Bitcoin Cash fell by more than 6% to $300 and soon can return to the support zone of $280. If this happens, we can expect the rate to be near $400 in the long-term perspective.

BCH/USD chart by TradingView

However, in order to reach that point, BCH first needs to fix above $300.

The price of BCH is trading at $296.87 at the time of the writing.

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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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CZ Binance Offers a Hand to Jack Dorsey, Says He Must Launch Decentralized Social Media ASAP

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  • Yuri Molchan
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    After Twitter’s chief announced his Bluesky project, Justin Sun had his account on Chinese Twitter closed – now CZ says Binance will help build Bluesky

CZ Binance offers to help Jack Dorsey with Bluesky, says it should be built ASAP
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Contents

As reported by U.Today, the head of Twitter is working on a new project for building a decentralized protocol that could be used by social media, which he intends to also use for Twitter – Bluesky.

They say that whatever happens, always happens on time – now the Chinese government shuts down Justin Sun’s account on the largest local social media Weibo (the Chinese Twitter) and the head of Binance encourages Dorsey to get on with Bluesky.

He says the community may need decentralized social media real soon. He also offers to help with that. The Weibo accounts of CZ and Binance are still active, unlike that of Justin Sun.

Jack Dorsey eager to decentralize Twitter

A day ago, U.Today wrote about a new ambitious project of the Jack Dorsey to make his company decentralized. In a series of tweets, among other reasons for that he cited a necessity to clamp down on fake news and misleading information that is often spread via his social media venue.

A top Twitter executive Parag Agrawal already is already hiring a team to work on the project.

CZ wants to see Bluesky up and running

The chief of Binance known as CZ is up for this project to be implemented, especially after the recent news of Justin Sun’s account of Weibo shut down. The latter is the result of the recent public statement made by Xi Jinping about embracing blockchain but not crypto.

Now, CZ urges Jack Dorsey to get on with the development and offers him a hand.

Tron CEO invites his Chinese fans to follow him on Twitter

After getting his Weibo account shut down, Justin Sun posted a tweet, inviting Chinese-speaking Tron users to follow him on Twitter instead of Weibo.

Sun explains that English is the main language of this social network, however, they can use the local embedded translation service to understand what everyone writes about.

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Bluesky under fire of criticism

Some, however, are unhappy with Jorsey’s initiative to decentralize Twitter for fear it will get even more centralized. One of them is the founder of Atlantic Financial and Chainstone Labs, Bruce Fenton.

Taking into account the goal of Dorsey to get rid of fake news and misleading info, Fenton's concern about people getting banned on Twitter and this platform being quite biased already, may seem justified.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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