According to reports, Charles Lee, the renowned financial expert and economist, has been angry at himself after he bought XRP when its price was $0.3. Now, the price of XRP has dropped to $0.295. The crypto investor began to feel regret over his impatience. Lee feels that if he had exercised more patience or even calculated better before making the investment in the number three crypto by market capitalization, he would have been able to buy more of the token today at a lower price, $0.295.
Going by the current state of things, the price of the majority of the top digital assets have been in the red. Crypto prices have nosedived along with Bitcoin. Although as of press time Bitcoin Cash and Bitcoin SV have turned green. While Tether was the only top ten coin that didn’t enter the red zone with Bitcoin. According to CoinMarketCap chart, the price-performance pattern of XRP and the rest of the other seven top ten coins are in the red zone.
XRP (XRP) Price Today – XRP / USD
Why Does Lee Feel Regret Over His Recent Investment?
Although the performance of the number three largest cryptocurrency by capitalization has not been great in the recent trade sessions, crypto enthusiasts believe the parent company of XRP, Ripple does not promote its native token well enough in its crusade for better Blockchain adoption. Ripple is reportedly more concerned about promoting its decentralized financial tools to financial institutions and banks for cross-border settlements.
Just recently, Ripple, went on to integrate its XRP cryptocurrency with some of its financial tools. These tools include xRapid and xCurrent. Despite many predictions that this integration will boost XRP price, it has not really made any significant impact on XRP price.
What Other Issues are Affecting XRP’s Price Performance?
While giving a highlight of the state of XRP in the market, Lee explained in his speculative theory that XRP price will increase in the future. He believes that the project he will increase as the number of activities on the Blockchain network increases. The price-performance of XRP will continue in a narrow range. However, if the transaction volume of XRP increases, the coin’s price will increase via a step by step upward action.
Lee also stressed that most of the partnerships that the Ripple network has entered into (in an effort to boost the transaction volume of XRP) haven’t been effective so far. An example here is the network’s recent partnership with global payments transfer giant, MoneyGram. Although, the way or extent that MoneyGram will use the XRP token isn’t indicated.
XRP Price Performance Has Raised Eyebrows in the Ecosystem
It is no secret that the price performance of XRP has become a cause for concern among investors like Lee, the finance expert and crypto investor. The reason for this is that, when the price of other cryptos went up, the price of XRP did not go up well enough. Hence, Lee’s speculative theory indicates that the price action of the other digital assets won’t have any significant effects on the price of XRP. Lee regrets that his decision to invest in XRP isn’t viable enough with what he initially expected.
Litecoin Price Analysis: LTC Maintains at $76; the Next Target is Likely to be $81
- Litecoin hovers at 76 USD for the second day.
- The next resistance point for the coin may come at 81 USD.
Litecoin, as a Top-5 coin in the market, has a huge user base and it gets decent attention for this. For the past few days, the coin was negatively focussed as it was under pressure. But the day before yesterday Litecoin managed to get over the 75 USD mark. In the last 24 hours, the coin could not advance further, but it maintained well its value near 76 USD. We will be analyzing the four major price swing of Litecoin in the last 1 day. Let us see the current statistics first.
Litecoin Price Statistics-
- Litecoin is on 5th position in the market and the ROI (Return on Investment) of the coin currently is 1,687.11%.
- A total of 63,072,181 LTC coins are in current circulation.
- The market cap of Litecoin as on 20th August at 03:15 UTC stands at 4,842,401,376 USD.
- The value of Litecoin stands at 76.69 USD and 0.00706377 BTC.
- The 24h volume of the coin stands at 2,322,489,366 USD.
LTC to USD Price Comparison-
Litecoin started yesterday near 76 USD and with a small hike of 1.59%, which took the coin to 77.02 USD by 02:11 UTC. The second swing came as a huge price gain for Litecoin as it was pushed from 76 USD to 78.72 USD over 2 hours from 06:01 UTC. In the next 4 hours, the coin managed to maintain its value near 78 USD. But between 11:51 UTC and 20:51 UTC, the coin fell by 3.96% and reached 75.56 USD. However, towards the closing of the day, the coin grew by 2.22% and reached 77.22 USD by 23:11 UTC. Over the last few hours, the coin has been maintaining its value near 76 USD.
Litecoin Price Prediction-
Litecoin is likely to grow exponentially soon. The next target for the coin should be 81.18 USD and after that may find it smoother to get hikes. The medium-term of the coin seems bullish. The next probable resistance and support levels are listed below.
|1st Resistance||78.55333333 USD|
|2nd Resistance||79.84666667 USD|
|3rd Resistance||81.18333333 USD|
|1st Support Level||75.92333333 USD|
|2nd Support Level||74.58666667 USD|
|3rd Support Level||73.29333333 USD|
Litecoin (LTC/USD) forecast and analysis on August 20, 2019
Cryptocurrency Litecoin (LTC/USD) is trading at 76.23. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator stripes.
Litecoin (LTC/USD) forecast and analysis on August 20, 2019
As part of the Litecoin exchange rate forecast, a test of the level of 78.20 is expected. Where should we expect an attempt to continue the fall of LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 66.20. The conservative sales area for Litecoin is located near the upper border of the Bollinger Bands indicator strip at 80.00.
Cancellation of the option to continue the decline in the rate of Litecoin will be a breakdown of the upper border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and the closing of quotations of the pair above the area of 82.40. This will indicate a change in the current trend in favor of the bullish for LTC/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.
Litecoin (LTC/USD) forecast and analysis on August 20, 2019 implies a test level of 78.20. Further, it is expected to continue falling to the area below the level of 66.20. The conservative area for selling Litecoin is located area of 80.00. Canceling the option of falling cryptocurrency will be a breakdown of the level of 82.40. In this case, we can expect continuation growth
Litecoin: The pair might be setting up for a move higher
- Nice trendline break yesterday could indicate a further move higher
- Intraday 76.00 could provide support – before LTC/USD breaks higher
- Both the MACD and Stochastics have moved into positive territory
Litcoin is not one of the best performing cryptocurrencies today but there has been a bullish trendline break that we need to take notice of. The trendline on the chart broke yesterday taking out the 77.00 wave high in the process. Today the price is still in the consolidation area but at slightly higher levels.
The area we need to watch is 78.13, which LTC/USD did breach for a short period of time. Recent price action has taken LTC/USD back down below that level but we need to watch for a break and close above as this would mean a continuation of the lower high lower low trend pattern on the 4- hour chart. If we are to see a push to higher levels, something we may see is a retest of a trendline or a previous consolidation high for support.
On the 4-hour chart, the stochastic indicator is in an overbought zone and could dip lower to give the price some room to breathe before another move up. The MACD histogram is also positive as the two moving averages diverge but interestingly both the moving averages have not crossed the mid-line to the upside so we cannot confirm a full change of trend yet.
On the zoomed in 1-hour chart below, you can see the resistance level hold. On the one hour chart, the 76.00 level could be seen as a good support point for support before we get a move higher. On the other hand, if it does break and hold below, this could be bearish and prices might retest the lows again. For now, the base case scenario is a break of 78.50 back to the upside so we can get another test of 80.00.