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Dogecoin price forecast: The market ranges as DOGE eyes lower price range

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Key Highlights

  • DOGE/USD pair ranges as price falls to the horizontal line
  • The coin is currently facing resistance at the $0.003 price level
  • If the DogeCoin falls to the low of $0.0025 or $0.0026, the cryptocurrency’s price will resume its upward move

DOGE Current Statistics

The current price:  $0.00275
Market Capitalization: $338,969,608
Trading Volume: $31,000,125
Major supply zones: $0.004,$0.0045, $0.005
Major demand zones: $0.002, $0.0015, $0.001

Dogecoin Price Analysis August 14, 2019

The Dogecoin price is in a range bound move but it is currently facing resistance at the $0.003 price level. On July 16, the market fell to a low of $0.0027 and began trading below the $0.003 price level.

On the positive side, if the bulls break above the $0.003 price level, DOGE price would rise and retest the upper price range of $0.0035. However, if the bulls can’t manage to break the $0.003 price level, the crypto’s price will fall and retest the lower price range.

DOGEUSD-Daily Chart August 14, 2019 Tron Weekly

Chart Indicators Reading

The Relative Strength Index period 14 is level 45 which indicates that price is in a sideways trend. The buyers and sellers are undecided about the direction of the current price level.

Both the 12-day and 26-day EMA are fluctuating horizontally indicating that price is in a range bound move.

The upper and lower horizontal lines had not been tested and broken. In July, the bulls attempted and broke the upper price range but the bulls failed to keep the price above the horizontal line. The lower horizontal line had not been tested since April.

General Outlook for DOGEUSD

The Dogecoin price’s range-bound movement is likely to continue because of the signals of the indicators. The Exponential Moving Averages (EMAs) are trending horizontally suggesting that price is in a sideways trend.

The RSI (Relative Strength Index) period 14 is level 45 which is between the range-bound zone of 40 and 60 of the indicator reading. Taking into account the DogeCoin’s price action, the market had been fluctuating between the levels of $0.0025 and $0.0030 since July 16.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Litecoin price forecast: Would LTC come out of the recent selling pressure?

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Key Highlights

  • The bearishness of the LTC/USD is expected to continue because the overall downward trend remains valid.
  • It should be noted that the market remains under selling pressure because the major demand zone at $56.47 is a bit far away from the current market price. And the buyers are not ready to take chances until the price can rest at the zone mentioned above.

LTC/USD Current Statistics

Market price: $98.90

Market Capitalization: $6,221,927,305

Trading Volume: $2,428,696,616

Major Supply zones: $115.10, $150, $170

Major demand zones: $56.57, $40.10 $20.42

Litecoin 101

Litecoin got technically launched as an alternative to Bitcoin; the main idea behind the LTC was to provide a better and cheaper to use alternative to BTC. Therefore till today, Litecoin is very popular, and from the Coinmarketcap, Litecoin has been ranked number four.

Litecoin (LTC) Price Analysis

Except for the demand zone at $76.47 holds on this week, if not the market will continue to maintain a downward movement for the next trading days or week.

There is an immediate critical primary supply zone located at $115.50, and if the buyers could manage to take out the above primary supply zone sooner or later then, Litecoin may finally see a recovery light from the selling pressure.

Litecoin price forecast: Would LTC come out of the recent selling pressure?

Chart Indicators Reading

From the above market analysis and structure, Litecoin price has just formed a trading method called “Head and Shoulder Setup,” and if this method plays out, we may likely see massive bearish downward movement towards the major demand zone at $56.47.

All trading indicators currently suggest that one more bearish low is expected before Litecoin (LTC) could recover from the market selling pressure.

General Outlook for Litecoin price

The overall LTC/USD trend merely is bearish, and this selling pressure may continue until the buyers find a crucial demand zone to revenge.

Whether you are a Litecoin trader or any other cryptocurrency one, it is always good and profitable to follow the trend because the trend is our friend.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Stellar price forecast: XLM to switch-gear to accelerate for upwards movement

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Key Highlights

  • Stellar begins slow and promising bullish swing in the coming trading days
  • There is a “strong Double Bottom Setup” already formed on the daily time-frame of XLMUSD for a valid buy signal. However, the price may decide to retest the major demand zone at $0.095 before a bullish breakout could be seen
  • A bullish breakout is also spotted in lieu of the above setup mentioned, and the buyers are gaining strength to push the price towards a major supply zone at $0.092

XLM/USD Current Statistics

Current Market Price: $0.092

Market Capitalization: $1,806,741,033 USD

Trading Volume: $183,405,901 USD

Major supply zones: $0.095, $0.1, $0.15

Major demand zones: $0.07, $0.06, $0.05

Latest News on Stellar (XLM)

Stellar is a payment solution similar to XRP, with plans to work with start-ups and other relevant firms in the financial industry. Rather than using a whole network to validate orders, Stellar uses a quorum as part of the whole pool. The coin appears to be the best choice for small businesses, not-for-profit financial institutions. The company aims to increase access to cheap financial firms to end poverty.

Stellar Price Analysis

The Price of the XLM/USD pair over the past 30 days has been following a downward movement, and the market value has fallen significantly at a handful of places due to abrupt price fluctuations. However, Stellar’s price currently rests upon a significant demand zone at $0.095, and buyers took this advantage to take their investment to a higher level.

Presently, XLM is slowly trading uptrend because the bulls seem to have taken over the entire market. The near time major supply zones are located at $0.095, $0.1, $0.15.

Stellar Daily Price Forecast for 21-07-2019

Chart Indicators Reading

The analytical tools on the daily chart are indicating a bullish signal for XLM/USD, and this is likely to happen within the next several days or so. According to the analysis above, this token may assume a protracted rally as speculative activities increase. The market is now establishing a double bottom set up for trading, and if this is sustained, there is a high possibility that a bullish breakout may play out.

Stellar (XLM)’s General Outlook Today

Stellar is giving a clear direction for an uptrend, and if this is sustained, the buyers may likely stand on their foot and drag the price to the primary supply zone at $0.095. It is advisable to follow the bullish market.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Stellar price analysis July 17, 2019: XLM bullish breakout gains strength

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Key Highlights

–    Stellar is currently in bullish momentum because the price has finally regained its strength

–    Bears were unable to take the price down due to major significant demand zone at $0.0728

–    Bulls are currently in control of Stellar market, and they may not rest until they push  the price towards a major supply zone at $0.1713

Stellar (XLM) Current Statistics

–    Market Capitalization: $1,570,734,482

–    Trading Volume: $437,988,414

–    Major supply zone: $0.1360, $0.1713, $0.2164

–    Major demand zone: $0.04714, $0.0205, $0.0100

Latest News around Stellar

In terms of transaction approval, Stellar is very different. It was revealed that Stellar is using a quorum which is just a part of the whole pool instead of using an entire network to validate a transaction. This is what makes Stellar standout and lightening-fast in conducting transactions.

Stellar (XLM) Price Analysis

Stellar could be heading towards a major supply zone at $0.1713 because a robust bullish breakout candle is currently forming, which is a clear direction for an uptrend. Over the past five to six days, the action of the price has been seemingly consolidating inside a bullish continuation candle pattern after a 16% surge correction. Once the current bullish candle reaches maximum consolidation, then, buyers may be eye the primary supply zone at $0.1713.

XLM/USD DAILY CHART July 17, 2019

Chart Indicators Reading:

From the above chart analysis, the Moving Average is pointing to the upside; Buyers could not break the price down due to a significant demand zone at $0.07284, and a bullish flag setup has just been established. For a massive upbeat swing, a daily bullish candle close is expected.

General Outlook for Stellar:

The overall outlook of the Stellar (XLM) is currently bullish, as the sellers could not overcome the major demand zone at $0.0728. Presently, we have “Double Bottom Setup” on daily analysis as a strong signal for bullish resumption.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Tron vs. Ripple: TRX XRP begin slow and promising upward movements

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Key Highlights

–    Tron/Ripple market promises to have a turning point, possibly around a major demand zone

–    Watch out for a bullish rally; the buyers are well-positioned to hijack the price and take it to a major supply zone

–    The bull may be under pressure to take the price through to a major supply zone

–    TRX XRP markets are long overdue to go up

Tron Market Statistics

-Market Capitalization: $1,564,290,238

– Trading Volume: $641,425,560

– Major supply zone: 0.020, 0.016, 0.021

Ripple Market Statistics

–    Market Capitalization: $13,618,774,513

–    Trading Volume: $1,907,669,141

–    Major supply zone: 160,180,220

–    Major demand zone: 120,110,100

TRX and Ripple Coin Price Analysis

The market is currently testing a major demand zone at 0.7511, and there is a possibility of the bullish rally to take effect from this zone. However, there are some elements of the bearish market left, but buyers are already deciding to hijack the price from bears for a massive bullish breakout towards a major supply zone at 0.10808. Technically, TRX and XRP are subject to a greater wave of buying pressure should the buyers manage to break the near-term supply zone at 0.09050

TRX XRP DAILY FORECAST July 17, 2019

Chart Indicators Reading

From our analysis and chart, we spotted that a strong bullish reversal candle called “Pin Bar” is currently forming on the daily timeframe and Moving Average is also signaling for uptrend continuation. Therefore, buyers may rely on these two signals to make their trading decision.

General Outlook for Tron versus Ripple

Due to market condition and structure, it is advisable to look out for the bullish signal because the price of TRXXRP shows to have been oversold. The overall trend of this market is bullish for the very long term. But, Ripple looks more favorable pick for investors than Tron today as things stand.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Ripple price forecast: XRP/USD goes against bulls, a breakdown is imminent

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Key highlights

  • Ripple’s XRP is currently in a downtrend.
  • Retracement is expected towards the supply level at $0.37.
  • Bearish trend continuation is likely.

XRP Current Statistics

Market Capitalization: $14,680,501,609

Trading Volume: $1,992,497,151

Major supply zones: $0.37, $0.4, $0.45

Major demand zones: $0.3, $0.25, $0.2

Ripple (XRP) Price Analysis

XRP/USD price is currently undergoing downward retracement towards the supply zone at $0.33. Bears are likely to dominate at that supply zone and continue to push the price down towards the demand zone at $0.30, 0.27 and $0.24.

Ripple’s native cryptocurrency XRP is currently in a downtrend because demand zones have just been broken to the downside, and this is signaling the bearish trend continuation.

Ripple XRP/USD - Daily price chart

Chart Indicator Reading

From the chart above, the Moving Average period nine is pointing downward, giving the sign that a bearish trend is likely to resume. The trend line was broken at the supply level at  $0.42, and this allowed the bears to drive the price down towards the price level of $0.35.

However, the Moving Average for Ripple (XRP) is currently calling for a retracement towards the supply zone around $0.37 to $0.4, and the sellers are well-positioned, and most likely to take over the market from the aforementioned supply zone.

From the chart above, the first and second green arrows from the left-hand side are pointing to an already broken demand zone, while the third green arrow at the right-hand side is pointing to a predetermined supply zone where bears are most likely to dominate the whole market for downward price continuation.

The General Outlook for Ripple’s XRP

It is recommended to remain a seller in this market because the bearishness is most likely to continue for Ripple. The Moving Average is pointing to a downward price movement. The Trend line is already broken downwards, and XRP is most likely to keep the bearish momentum.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Altcoins follow suit as Bitcoin suffers a 7% plunge in under six hours

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In the wake of this morning, the world was met with the sudden news of Bitcoin’s dismal performance in the cryptocurrency market. Up to the time of writing, there is no apparent cause to explain why the crypto market dived. But some quarters argue that there is a clear connection of some 25,000 BTC that is worth 200 million US dollars being deposited in Coinbase right before the price dip, and about the same amount being transferred after the massacre.

It is not clear, and it is too early to speculate that the Bitcoin movement is related to the price plunge, but the timing seems suspicious.

The number one cryptocurrency which has been fluctuation wildly over recent days has collapsed under 8,000 US dollars. The current price drop records a sudden loss of about 1,000 US dollars per Bitcoin in a matter of minutes in the past few hours.

At 23:00 UTC yesterday, the most influential digital currency by market capitalization began to fall sharply, sustaining over a 700 US dollar loss in price value on the back of a substantial transaction volume leading to the crypto market sudden change in color at the beginning of the Asian session today morning.

Bitcoin with the inclusion of all other significant altcoins with a notable exception of Cosmos are buried in the red recording value depreciation of about 3 percent to 12 percent on a day-on-day basis. The entire cryptocurrency market has lost over 20 billion US dollars in a matter of hours as the total market cap of all cryptocurrencies in circulation has recorded a drop of about 250 billion US dollars from Monday’s figure of about 270 billion US dollars. Despite the bad news, the crypto market has witnessed an increase in the daily trading volume to about 81 billion US dollars.

For quite a few days now, Bitcoin has disappointed to close the gap and rise above the 8,800 US dollar level leading to the reexamination of prior support levels as BTC struggles to pick up a bid.

Despite the price plunge, Bitcoin prices are still up around double the value of where it began the year after a disappointing 2018 that saw a majority of the world’s most significant virtual currencies including Bitcoin losing around 80 percent of the market value.

What could have Been the Reason Behind Bitcoin’s Price Fall?

Although it is still unclear as to what contributed to Bitcoin’s sudden price fall today, some investors and pundits are pointing an accusing finger to the manipulation tactics of whales holding large amounts of Bitcoin. It is believed that there are whales or investors in the crypto market, holding Bitcoins that are worth hundreds of millions of US dollars.

These investors and pundits that are coming with this speculation are basing their arguments on the fact that a significant investor transferred some 25,000 BTC worth 215 million US dollars to San Francisco based Coinbase cryptocurrency exchange.

About an hour after the deposit, 14,000 BTC worth 112 million US dollars was moved from Coinbase exchange to another wallet followed shortly by another transfer of 11,000 BTC worth 88 million US dollars.

One Reddit user who goes by the name ‘makoveli‘ in the popular virtual currency forum r/cryptocurrency wrote,

“If you do your little calculations and follow the timeline, it will not be hard for you to see that someone deposited 25,000 BTC worth 215 million US dollars in the market and shortly bought them back at a profit of 15 million US dollars.”

In doing so, the whale pocketed 15 million US dollars in profit strolling away with the same amount of Bitcoin they had initially.

While this might be true, some crypto pundits are dismissing the claim of manipulation citing that the volume of BTC-USD pair on Coinbase cryptocurrency exchange was estimated to be less than 215 million US dollars.

Regardless of the cause of the price plundering, a majority of traders and investors hope Bitcoin will be able to replicate past pullbacks to redeem not only itself but the entire cryptocurrency market. At the press time, BTC trades at $7975.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.