#crypto #litecoin #eos
The New Kids On The Blockchain are asking what’s going on Crypto? We naval gaze about the last three years , look at the news from this week and meet Mike to talk about copy betting platform Phantasm.
?NEWS?
?BITCOIN?
From Coin Telegraph Pantera CEO thinks Bitcoin could reach $356k in a couple of years
Pantera Capital founder Dan Morehead discussed how Bitcoin (BTC) could hit $42,000 by the end of 2019, and even has the potential to reach $356,000 within a couple years. Morehead delivered his comments on an episode of the Unchained podcast on July 23.
Morehead specifically said that he predicts BTC will hit $42,000 by the end of the year, and climb to $356,000 by 2022. Morehead claimed that this would be consistent with the top cryptocurrency’s logarithmic growth rate:
“Graph the price of Bitcoin logarithmically […] its trend is going to grow at 235% compound annual growth rate and […] that put Bitcoin at $42,000 at the end of 2019. And I know this sounds crazy but we’re essentially halfway back there. […] I think it’s a good shot that by the end of the year we hit that. And if you just extrapolate that line out for another year it’s $122,000 per Bitcoin and then one more year, $356,000.”
From News BTC Bitcoin Price (BTC) Breaks Key Resistance But Can It Continue Higher?
Bitcoin price is trading with a positive bias above the $10,000 resistance against the US Dollar, just like Ethereum and ripple. However, BTC price must surpass the $10,200 resistance to continue higher in the near term.
Bitcoin Price Analysis
In the past three days, there was a significant decline in bitcoin price below the $10,000 support against the US Dollar. The BTC/USD pair traded close to the $9,500 level before the bulls took a stand. A swing low was formed at $9,498 and the price is currently correcting higher. It broke many important resistance near the $9,700 and $9,800 levels. Moreover, there was a break above the 23.6% Fib retracement level of the downward move from the $11,200 swing high to $9,500 swing low.
Bitcoin Price (BTC) Breaks Key Resistance But Can It Continue Higher?
From CryptoSlate lets look at their thoughts on EOS price
?EOS?
Following the 458 percent upswing that started in early December 2018, EOS retraced nearly 62 percent after peaking at $8.65 on May 31.
Now that it has reached the 65 percent Fibonacci retracement level on the 1-week chart, a hammer candlestick pattern seems to have been developed last week singling a potential reversal in the direction of the trend from bearish to bullish.
https://cryptoslate.com/binance-coin-eos-stellar-resume-upward-trend-despite-bitcoin-dominance/
?LITECOIN?
From FX Street Litecoin price analysis: LTC/USD retreats from the recent high, still in recovery mode
* LTC/USD has extended the recovery above $93.00 handle.
* The initial support is created by psychological $90.00 level.
Litecoin (LTC) has regained ground above $90.00 handle and touched an intraday high at $96.77. At the time of writing, the fourth-largest digital asset with the current market capitalization of $5.9 billion is trading at $94.10, gaining over 7% on a day-on-day basis. LTC/USD is moving in lockstep with the recovery on the cryptocurrency market.
Litecoin’s technical picture. On the intraday charts, LTC/USD is initially supported by $93.30 (the middle lines of 4-hour and 1-hour Bollinger Bands). However, once this barrier is broken, the sell-off may continue towards $91.70 (SMA50 (Simple Moving Average)on the 1-hour chart). The next support is created by psychological $90.00, followed by $88,70 (the lower line of 1-hour Bollinger Band)
?Phantasm?
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NB. All information shared here is for information only and should not be considered any kind of financial advice. Always do your own research.
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