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Bitcoin Cash Price Prediction: BCH/USD May Decline as Bulls and Bears Struggle for Price Possession above $280 Support

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Bitcoin Cash (BCH) Price Prediction – August 22, 2020
BCH/USD is in a sideways move below the $320 resistance. The bulls are to jump the two hurdles at $320 and $340 as price continues the range-bound movement. In the BCH/BTC, the coin is also in a sideways move, as price fluctuates between levels Ƀ0.024000 and Ƀ0.027000.

BCH/USD Market

Key Levels:
Resistance Levels: $280, $320, $340
Support Levels: $200, $160, $120

BCH/USD – Daily Chart

Since August 1, Bitcoin Cash as been fluctuating between levels $280 and $320. Buyers were unable to break the $320 resistance. Likewise, bears were also unable to break the support at $280. The crypto has been range-bound in the last three weeks. If price rebounds above $280 support, the momentum will propel price to retest the $320 resistance. The market will resume uptrend once the $320 price level is breached. Alternatively, Sideways move will continue between $280 and $320 if the $320 resistances remain unbroken. Meanwhile, price is above the $280 support. Nevertheless, the price action is showing bearish signals at the time of writing

Bitcoin Cash Indicator Analysis
There are indications that the downward move may resume. The price has broken below the 12-day EMA and the 26-day EMA. This indicates that BCH will further depreciate. The coin is at level 47 of the Relative Strength period 14. The market is in the downtrend zone and may likely fall.

BCH/BTC – Daily Chart

In the BCH/BTC chart, the market is in a sideways trend. The coin is fluctuating between levels Ƀ0.024000 Ƀ0.027000. Since on May, the price has not broken the key levels of the sideways trend. In the meantime, the coin is below 20% range of the daily stochastic. The market is approaching the oversold region.

Source: https://insidebitcoins.com/news/bitcoin-cash-bch-price-prediction-august-22-2020

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95% of Ripple’s customers are not from the US, CEO Garglinghouse says

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As Ripple reportedly prepares to relocate its headquarters outside of the United States, it turns out that only 5% of the company’s clients are based in the country, according to the firm’s CEO.

On Dec. 2, Ripple CEO Brad Garlinghouse sat for an interview with CNN anchor Julia Chatterley to discuss Ripple’s regulatory hurdles in operating in the U.S.

According to Garlinghouse, as much as 95% of the San Francisco-based company’s customers are located abroad. He claimed that Ripple’s services are not as popular in the U.S. due to the ongoing regulatory uncertainty around its associate token XRP, Garlinghouse said:

“95% of our customers are non-U.S. customers, and only about 5% are here in the U.S. And people say ‘why you are a U.S. company’ and ‘why is that?’ One of the dynamics is that U.S. companies are waiting for the clarity, and that clarity emanates from the Securities and Exchange Commission.”

Garlinghouse noted that the SEC recognized other major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) as non-securities years ago. However, XRP, the fourth-largest cryptocurrency by market capitalization, still does not have that clarity:

“For us, around XRP and over 100 companies that are working with XRP getting that clarity, it’s very clear to me that XRP is being used by many companies as a currency. You had the U.S. Department of Justice refer to XRP as a currency, you had FinCEN refer to XRP as a currency. But you haven’t yet had that clarity from the SEC.”

According to Garlinghouse, Ripple has had some issues with U.S. customers concerned about the regulatory status of Ripple’s XRP-related offerings.

“Oftentimes when I’m speaking to customers talking to them about our product that uses XRP in the payment flows, they will ask me about regulatory dynamics, and we have had customers saying ‘look until there’s clarity and regulatory frameworks we’re going to hold off,’” the CEO said, adding, “Now that has not been the case because of the clarity and the certainty” in other countries like the U.K.” 

Previous comments by Garlinghouse would suggest that Ripple is gunning for the SEC to treat XRP much the same as it has Bitcoin or Ether i.e. by not classifying it as as security. Last month, he said “it’s very hard to look at XRP as a security,” stating that he is “not aware of any market globally that thinks that XRP is a security.”

Source: https://cointelegraph.com/news/95-of-ripple-s-customers-are-not-from-the-us-ceo-garglinghouse-says

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Litecoin price prediction: LTC to rise past $90 again, analyst

TL:DR Breakdown Litecoin price prediction expects a rise in price to $90 again. Litecoin is retesting the $90 mark but unable to sustain. Strong support is found at the $85 mark. The Litecoin price prediction by Dylan Domnick suggests that the cryptocurrency will rise across the $90 mark again. The price hit the $90 level […]

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TL:DR Breakdown

  • Litecoin price prediction expects a rise in price to $90 again.
  • Litecoin is retesting the $90 mark but unable to sustain.
  • Strong support is found at the $85 mark.

The Litecoin price prediction by Dylan Domnick suggests that the cryptocurrency will rise across the $90 mark again. The price hit the $90 level at the start of the 3rd of December.

1-Day Litecoin price analysis

Litecoin has seen sideways movement on the 2nd of December. While Bitcoin hit its all-time high on the 1st of December, the altcoin market also observed price ascension; however, it was not the same as the one from 2017. Bitcoin has been soaring over the past months due to its increasing adaption.

The BTC market dominance has caused the altcoins to follow suit, but not with the same bullish momentum. Litecoin price hit the $90 mark just after concluding trade on the 2nd of December. At the time of writing, the cryptocurrency traded at $87.69. The lowest price for the day was achieved at $83.38, at the very start of the 2nd of December.

What to expect from Litecoin?

Looking at the chart below we can conclude that the cryptocurrency has been ascending above a trend line, and the price has finally hit a the end of a triangle. The analyst discussed two pathways, out of which one will be assumed by the altcoin. The price is either going to fall below the triangle and move towards $80, or the cryptocurrency will continue to rise above the trend line and move to the $94 to $96 range.

The cryptocurrency has neither confirmed an upwards breakout nor has it confirmed a downward breakout. The trade on the 2nd of December has been sideways. The price is still above the blue Exponential Moving Average which is acting as support here. A bearish confirmation will take place if the price moves below this EMA, so we can still believe that the price may go long from here.

What’s next for Litecoin?

The chart below depicts another triangle pattern that the altcoin has broken out of. The analyst believes that the price will go long towards the $195.41 mark.

The cryptocurrency has been trading inside this triangle pattern since December 2018. Over time, the price volatility has decreased by a lot and it was now bound to break out of the triangle. The cryptocurrency has seen some green candles after the breakout, and it is expected to continue the ascension in a long-term trade until it reached the $195.41 mark. The Relative Strength Index (RSI) has also shown Litecoin to be overbought as it closed above 70.00. The analyst has suggested that the buyers should buy LTCUSD with a take profit of around $190.

Litecoin price prediction: Rise to $90 again?

A triangle breakout is expected if we look at the idea chart by Dylan Domnick. The analyst expects the price to move towards the $90.96 mark, and then rise beyond that in an up-channel.

A breakout above the red trend line will confirm the bullish move, and the price will move towards the $92.50 to $95.00 range next.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Ripple price prediction: XRP to hit $0.67 next, analyst

TL:DR Breakdown Ripple price prediction expects the rise to $0.67 next. XRP finds strong support at the $0.61 mark. $0.635 is serving as the strong resistance point at the time of writing. The Ripple price prediction by Vince Prince has shown that the cryptocurrency may rise towards the $0.67 mark next. The price moved to […]

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TL:DR Breakdown

  • Ripple price prediction expects the rise to $0.67 next.
  • XRP finds strong support at the $0.61 mark.
  • $0.635 is serving as the strong resistance point at the time of writing.

The Ripple price prediction by Vince Prince has shown that the cryptocurrency may rise towards the $0.67 mark next. The price moved to the $0.63 level on the 2nd of December.

1-Day Ripple price analysis

The XRP price stood at $0.61789 at the time of writing on Bitstamp. The cryptocurrency observed sideways movement on the 2nd of December, which is also reached the day’s high of $0.6385. The lowest price for Ripple on the 2nd of December was $0.594. Ripple’s trading trend over the past 24 hours has been similar to that of Litecoin’s.

Ripple price prediction: Rise to $0.67 ahead?

Vince Prince drew two possible scenarios for the XRP price, and they believe that the cryptocurrency will either rise after breaking towards the upside from a triangle pattern, or it would break towards the downside and continue descent.

On the 2nd of December, the cryptocurrency escaped the triangle pattern and moved above the path of the Exponential Moving Average (EMA) drawn by the analyst in blue. The cryptocurrency is still riding the 100-Day EMA and if it closes above it, there will be a bullish confirmation with a possibility of a 35% profit. If the cryptocurrency falls below the 300-Day EMA marked in red, the price will fall towards the $0.55 to $0.56 range per the analyst. If the price moves up from here, it will reach the $0.67 to $0.68 range per the chart.

What to expect from Ripple?

The analyst Project Syndicate expects the price to move in the $0.32 to $0.75 range with a limited upside. The analyst recommends traders to buy low and sell the cryptocurrency when it goes high.

The analyst expects the price to be locked in the range for a few weeks, the cryptocurrency hit heavy recently near the $0.67 mark while it cleared the $0.48 and $0.31 resistances. The analyst suggests traders to short the cryptocurrency in this trading range.

What’s next for Ripple ?

The chart below shows that the price is moving inside a triangle that is placed in a bigger triangle pattern. The price recently moved out of the smaller triangle and it has continued moving along the ascending trendline.

The cryptocurrency is expected to hit the end of the triangle soon and the price is expected to break towards the upside. If the cryptocurrency continues riding this trend line, it will rise towards the $1 mark, per the analyst. The Relative Strength Index (RSI) is above 40 on this time frame, which means the coin is in the neutral zone.

Ripple technical indicator movement

The Moving Average Convergence Divergence (MACD) line is moving above the signal line and the histogram size is growing in the positive region. This means that the cryptocurrency is under a bullish bias. The Relative Strength Index (RSI) closed at 52 on this time frame, which means the cryptocurrency is still in the neutral region. The price seems to be supported by the midline of the Bollinger bands while it tests the upper Bollinger band.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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