Top 4 Cryptocurrency BTC, ETH, LTC, XRP Wait for the next big push
- BTC has one more bullish move during this weekend
- XRP is looking down trying to figure out its direction, still needing some time
- Dec 12 LTC has been developing a sideways pattern inside a bearish triangle
Top 4 Cryptocurrency – ETH bullish cross position but it’s important to note that both lines are flat,
BTCUSD is trading in the narrowest area of the current technical pattern that is containing the price since December 8th. many Beleive BTC has one more bullish move during this weekend could push the price up to $25500. MACD is in the positive area, with still room to keep moving up.
Top 4 Cryptocurrency
Ripple has been the crypto winner of the past trading week, with a wonderful Growth. XRPUSD is trading inside a triangle formation, in the higher area of the trendlines ruling the bullish ride started on December 8th. MACD XRP is looking down trying to figure out its direction, still needing some time to take a decisive step.
Litecoin price reached its all-time high on Dec 12 LTC has been developing a sideways pattern inside a bearish triangle frame since then. The sell-off has been meaningful, with buyers on the sidelines for now. MACD might be favoring bullish trend, but it needs to get back into positive Level before confirming more price rises.
Ethereum is moving in a bearish channel on the very short term. A sudden move looking for the base of the channel would take ETHUSD to $575. MACD ETH bullish cross position but it’s important to note that both lines are flat, so the door to another bearish run possible.
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Cryptocurrency Benefits and Drawbacks
Cryptocurrencies make it less complicated to transfer price range among two events in a transaction; these transfers are facilitated via using public and private keys for security functions. These fund transfers are executed with minimum processing prices, allowing users to keep away from the steep fees charged by maximum banks and monetary institutions for twine transfers.
Valuable to the genius of bitcoin is the blockchain it uses to store an internet ledger of all the transactions that have ever been carried out using bitcoins, imparting a statistics structure for this ledger that is uncovered to a restricted hazard from hackers and can be copied throughout all computers running bitcoin software. Many professionals see this block chain as having important uses in technology, which includes online voting and crowdfunding, and major monetary establishments along with jp morgan chase see capacity in cryptocurrencies to decrease transaction fees with the aid of making fee processing greener.
But, because cryptocurrencies are virtual and do no longer have a valuable repository, a digital cryptocurrency stability may be worn out by a laptop crash if a backup copy of the holdings does no longer exist. When you consider that charges are primarily based on deliver and call for, the price at which a cryptocurrency can be exchanged for another forex can differ widely.
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