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NEO, Cardano and Monero Price Prediction And Analysis For July 12th: NEO, ADA, and XMR

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NEO PRICE ANALYSIS (NEO/USD)

During the last 24hrs, NEO/USD pair went down by 0.9%, having moved from $17.5100 to the current price rate of $17.3556.  The bearish outlook was supported by the 21 day MA that was seen gravitating above the 7 day MA that signaled a bearish rally

The markets sow a sideways price movement that was reflected by the RSI that was hovering between level 60 and 40.  This placed resistance level at $17.6260 and support level at $17.1006 with a circulating supply of $70,538,831 coins in the last 24hrs.

Despite a bearish outlook, the price of NEO is likely to go bullish due to the new NEO’s Dgamemaker platform that provided game lovers a chance to practice their skills in game development.  As the growing gaming community expands, explore their interest in gaming the current market performance of NEO is likely to benefit.

neo price chart

NEO PRICE PREDICTION

At the moment, the 21 day MA and the 7 day MA are tending towards each other.  The 7 day MA looks set to cross the 21 day MA that indicates a bullish sign. New target should be set at $17.6000.

CARDANO PRICE ANALYSIS (ADA/USD)

ADA has undergone a bearish outlook in the last 24hrs.  The descending channels confirmed the bearish rally. The 21 day MA is also seen above the 7 day MA that indicated a downtrend.  The RSI indicator X has dropped from a high of 48.20 to a low of 27.50, which showed that the market is currently on an oversold territory.

Following a strong sell-off that took place late June, the pair’s price has dipped by 4.3% over the last 24hrs, having moved from $0.079304 to $0.075876.  The bears seemed to have taken control over the market momentum, thus resulted in increasing sellouts.

cardano price chart

CARDANO PRICE PREDICTION

Despite a generally bearish outlook, the RSI is currently trading flat which, indicates a lack of momentum in the market.  Nevertheless, a bullish rally is likely to be seen if the bulls up there move. New targets should be stood at $0.07800.

MONERO PRICE ANALYSIS (XMR/USD)

XMR/USD is down by 2.16 over the last 24hrs.  It started trading at $103.22 and is currently trading at $100.99.  This was followed by a short-term period of consolidation that placed support at $101.57.  A breakdown was later seen at around 20:00, that dipped the price down to a low of $97.77.  

The RSI indicator X reflected the downtrend since it dipped sharply to a low of 31.50 before it rose up to a high of 52.17.  The bearish signal was supported by the 21 day MA that was seen above the 7 day MA. Currently, the RSI is heading north, which shows the reluctance of investors to sell their XMR coin in anticipation for better prices.  The fall of XMR price may be due to the recent reveals of Monero’s blockchain security vulnerabilities. This allowed miners to access certain crafted blocks that forced the Monero Wallet to allow fake deposits for an XMR amount.

monero price chart

MONERO PRICE PREDICTION

Currently, all the indicators point towards a bullish rally.  The 7 day MA has crossed over the 21 day MA, and the RSI is heading north that indicates a bullish signal.  New targets should be set at $102.05.

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Litecoin (LTC), LEOCoin (LEO) and Chainlink (LINK) Price Analysis: Who Is Dominating the Crypto Market Between the Bulls and the Bears?

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It’s Tuesday and Cryptocurrency markets are finally waking up! Ethereum, XRP, Litecoin and Cardano are leading the bull rally right now with close to 5% gain in the past 24 hours! Let’s take a look at some of our favorite cryptocurrencies and see what today has in store for us.

LITECOIN PRICE ANALYSIS (LTC/USD)

In today’s hourly chart, the LTC/USD pair has recorded bullish performance; the formation of ascending channels reflected the uptrend. This shows that the bulls have picked up their strength and are dominating the momentum. Besides, bullish moves were also encountered at several instances, starting with the resistance level being escalated upwards from $71.0000 to $73.0133. The pair’s price also fluctuated upside from the opening price of $70.7249 to the current rate of $72.8800 that signals an increase in buying pressure. That foreshadows an increase in investor’s sentiment in the near term.

In terms of technical indicators, the short-term SMA is now gravitating above the long-term SMA that suggests an upside move. The RSI is currently trading near the positive zone that indicates a bullish outlook. Higher price levels should be anticipated.

litecoin price chart 9/17/19

LITECOIN PRICE PREDICTION (LTC/USD)

 If the pair’s price moves above the upper channel that is at $73.661, a further upside correction near $80.000 and $81.000 may be seen. However, a break below the lower channel might be a turnaround for the upside rally that could be followed by a decline near $69.0000.

LEOCOIN PRICE ANALYSIS (LEO/USD)

The LEO/USD pair on an hourly chart saw a long-term period of consolidation between critical support level $1.0807 and resistance level $1.0866. There seemed to be no much activity going on from 08:00 to 05:00. That was also accompanied by the repeated appearance of a Doji candle that confirmed indecision in the market.

At around 06:00 a bullish engulfing candle was seen, that breached $1.0866 and moved the price up to a high of $1.0991. That may lead to further upside correction in the near term. Looking at the technical indicators, moving averages are giving a bullish outlook, with the short-term SMA above the long-term SMA. The RSI is currently above the overbought zone that signals further upbeat performance; thus an increase in buyouts.

leocoin price chart 9/17/19

LEOCOIN PRICE PREDICTION (LEO/USD)

Since almost all the indicators are foreshadowing a bullish outlook, investors should go long and take profit near $1.1500 and 1.1600.

CHAINLINK PRICE ANALYSIS (LINK/USD)

LINK/USD on the other side, has recorded a bearish outlook over the last 24hrs. The pair’s price failed to break past the healthy resistance level $1.6052. However, it faced an intense selling pressure that fluctuated the price down to a low of $1.5445. Afterward, at around 13:00 to 20:00 a short-term period of consolidation was seen above the significant support level near $1.5513 that was followed by a slight gain that moved the support level to $1.5616.

Additionally, the LINK/USD pair is down by 1.9% over the intraday, having escalated from $1.6052 to now trading at $1.5755. Besides, this also showed a decrease in investor’s sentiments. Conversely, there is hope for a better future since at the press time; most indicators are giving a favorable scenario. The RSI is seen climbing towards the positive area, and the moving averages have turned from indicating a bearish sign to bullish sign.

chainlink price chart 9/17/19

CHAINLINK PRICE PREDICTION (LINK/USD)

If the bulls polish up there strategy and succeed in moving the price above the resistance level $1.6150 then further upside correction near $1.7000 and 1.7500 should be expected.

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BitMEX CEO responds to Binance’s market maker slip up, offers CZ a “copy/paste” course

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Arthur Hayes, the CEO of BitMEX, responded to Changpeng Zhao’s false accusations of a Binance futures market maker attack—satirically. Hayes offered him a “copy/paste” course for 51 percent of his equity, alluding to earlier plagiarism accusations. Zhao replied he’d be happy to buy-in.

CZ’s quick fingers get him in trouble, yet again

The rivalry between two of the biggest crypto derivatives platforms in the world shows no signs of stopping. The CEO of BitMEX, the first exchange to introduce a crypto futures trading platform, Arthur Hayes missed no opportunities to take a jab at their main competitor—Binance.

Changpeng Zhao, the CEO of Binance, has been known for his easygoing attitude towards slip ups and mistakes made by his company. But, this time Zhao’s attitude got the best of him when he hastily accused one of Binance’s clients of attacking its futures platform.

In a Twitter post, Zhao said that the attacker as a “well-known” account that attempted to use the sudden price drop in Binance’s Bitcoin futures to turn a profit and liquidate other clients. However, it quickly turned out that the sudden futures price drop wasn’t due to a malicious attack, but was caused by a “bad parameter” set by the client.

Zhao’s lighthearted way of dealing with situations like these wasn’t well-received by the crypto community, with many criticizing him for posting harsh accusations and lacking a fundamental understanding of how futures trading platforms work.

Hayes uses the opportunity to take a jab at CZ

Joining the slew of those criticizing Zhao was Arthur Hayes, the CEO of Binance’s main competitor BitMEX. He took the opportunity to continue his Twitter back-and-forth with him and criticize him for the incident.

In a tweet, Zhao said that no users were affected by the drop in the future’s price thanks to a supposed invention by Binance. The innovation, he explained, was setting off liquidations based on the exchange’s own index price, and not the futures price.

In response to a user who tweeted that liquidations tied to the index price were a long-time staple at BitMEX, Hayes offered to teach Zhao how to run a crypto derivatives platform.

This isn’t the first time a crypto-influencer used the old “Ctrl+c/Ctrl+v” hotkey hook and jab combo. Ethereum co-founder Vitalik Buterin used the same insult against Justin Sun when evidence surfaced that a significant portion of the TRON whitepaper was plagiarized from other projects.

Zhao seemed to have appreciated the joke, saying he would be happy to attend any class taught by Hayes in exchange for 49 percent of a venture he runs.

The jokes were well received by the crypto community, where (mostly) light-hearted insult-slinging between industry heavyweights is a favorite spectator sport among Crypto Twitter.

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Crypto Analyst Outlines Short Term ‘Panic’ Level for Bitcoin (BTC)

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The price of Bitcoin continues to move sideways in an extremely narrow range. And amid the low volatility, analysts are trying to gauge which direction BTC may pop next.

Analyst Nick Cote tells his 63,000 followers on Twitter he’s bullish on BTC after its next halving in May of 2020.

He points to BTC’s Bollinger Bands, which uses two lines of standard deviation to measure volatility, as a sign that traders should be cautious.

In the short term, Cote warns the leading cryptocurrency could suffer another significant drop.

“Week long consolidation has broken down to the downside. No need to panic unless $9,750 falls. Above $10,270 and I’ll be thinking this was a fakeout, but below, the course looks to be back towards the liquidity box below. Currently no position for me with volatility this low…

To clarify my position with Bitcoin: I’m a big bull post-having, but I believe there is plenty of room (and opportunity) for a pre-having shakeout to the tune of 30%.”

As for the altcoin market, Cote says Ethereum needs to remain above support levels around $182 to keep pushing forward.

“Ethereum has hit the $195 target and needs to hold above $182 to continue its recent bullish break from the FW, which if held, will push Ethereum to the $225 mark.

A move below will spell disaster and a high probability re-test of the $165 long term

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