• About
  • Contact
  • Our Team
  • Privacy Policy
Newsletter
Crypto Recorder
Advertisement
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us
No Result
View All Result
Crypto Recorder
No Result
View All Result
Home News Investing

Ripple (XRP), Litecoin (LTC) and Augur (REP) Price Analysis: The Trip Downstream Is Far From Over

John Isige by John Isige
August 9, 2018
in Investing
1
SHARES
Share on FacebookShare on Twitter

Market Roundup

The declines in the market are far from over in spite of the slight bullish trend that swept across the market on Thursday. Bitcoin (BTC), for example, tested $6,100 yesterday but it lost momentum above $6,300 and is currently seeking support at $6,200. Ethereum (ETH) broke the support at $360 while it is trading at $354 at the time of writing. Bitcoin Cash (BCH) recovered slightly to test the resistance at $600, but instead, is seeking support at $580 due to the bear pressure. A majority of cryptocurrencies are correcting lower as well. That aside, let me continue with the analysis for today.

Related articles

Zilliqa

Investor Insight: It’s Not All Gloom And Sorrow, Dentacoin (DCN) And Waves (WAVES) Spike In Double-DigitGains

December 14, 2018
Digibyte

Investor Insight: Bitcoin SV (BSV) Goes Ballistic – Investor Confidence on the Rise

December 7, 2018

Ripple Price Analysis

A broader look at the 15-minutes chart for XRP paints a picture of a cryptocurrency that has the will to correct higher but it is held back by the growing selling pressure in the market. Ripple is one of the worst hit digital assets by the ongoing selloff that is most probably driven by investors reaction to the US Security and Exchange Commission (SEC) postponement of the Bitcoin ETF. Experts are calling out to the investors to calm down and think long-term because it could take a while before a crypto ETF is approved. In other news, Bittrex has announced that it will list XRP on August 20.

Back to the analysis, Ripple price bounced off the support at $0.320 towards the end of the trading session yesterday. The uptrend continued today where XRP/USD traded above $0.35, but lack of momentum and a catalyst resulted in a slide that seems unstoppable below the 23.6% Fib retracement level with the previous swing high of $0.357 and a swing low of $0.325.at $0.332.

The next support targets are at $0.330 and $0.320 respectively. The bears seem not to be done yet and Ripple could drop below $0.30 in the medium term unless a reversal occurs and finds support above $0.350. Indicators like the stochastic and the moving averages are sending bear signals. This also means that buyers can find the entry as sellers get exhausted due to the extended declines.

Litecoin (LTC) Price Analysis

The Founder of Litecoin, Charlie Lee said today on Twitter that a bear market is the best time to work on adoption. He also announced a new feature the company is working on, lite.im, which is an application that will allow holders to send funds by SMS.

Consequently, Litecoin has broken below yesterday’s support at $62.00. It is on the verge of a break down below $60.00. The bullish trend in the morning (GMT) session had LTC/USD trade above $64.00. However, it lost steam shortly after and has embarked on breaking barriers on the downside. The support at $60.00 is vital because a break down into the $50 range is possible with the current bear trend.

On the upside, the immediate supply zone at $62.00 will limit gains, but before that, the trendline resistance must be cleared. Bullish signals from the technical indicators show that buying power is still present while the ultimate resistance on the day is at $64.00.

Augur (REP) Price Analysis

Augur, on the other hand, has engaged thrust boosters at the time of writing to help it shake off the bear pressure that is crippling cryptocurrencies this week. REP/USD has dropped from trading above $30.00 at the beginning of August only to seek support above $21.00 on August 9. The bearish trendline has continued to limit the upside since the week started.

There is not much to say about this crypto, but buyers must find a support above $22.50. The 50 SMA is preventing movement at 22.9 while the 100 SMA will offer resistance at $23.13, which also coincides with the trendline resistance.

 

Tags: analysisAugurAugur [REP]cryptocurrenciesLitecoinLitecoin (LTC)pricerippleRipple (XRP)
Share1TweetShare
Previous Post

3 reasons why Crypticcoin will be a top 3 privacy coin alongside ZCash (ZEC) & Monero (XMR)

Next Post

Bitpay To Announce More Strategic Partnerships as Bitcoin Cash (BCH) Merchant Acceptance Expands

Related Posts

Zilliqa
Featured

Investor Insight: It’s Not All Gloom And Sorrow, Dentacoin (DCN) And Waves (WAVES) Spike In Double-DigitGains

December 14, 2018
Digibyte
Featured

Investor Insight: Bitcoin SV (BSV) Goes Ballistic – Investor Confidence on the Rise

December 7, 2018
Dogecoin, Bitcoin and Ripple
Investing

Bitcoin (BTC), Vechain (VET) and Dogecoin (DOGE) Price Analysis: Can the Yearly Lows Hold?

December 6, 2018
Stellar (XLM), ZCASH, VECHAIN
Investing

ZCash (ZEC), Stellar (XLM) and VeChain (VET) price analysis: Just how deep is the rabbit hole?

November 20, 2018
IOTA
Featured

Will November Miracles To Push IOTA (MIOTA) back to the top 10 cryptocurrencies

November 13, 2018
XRP (XRP)
Investing

ChainLink (LINK), Storj (STORJ) and Horizen Price Analysis: Bitcoin in Stability, Altcoins Surge

November 1, 2018

Leave a Reply Cancel reply

Your email address will not be published.

No Result
View All Result





Latest News

  • Trending
  • Comments
  • Latest
Dogecoin (DOGE)

Dogecoin (DOGE) – One of the most practical cryptos in the market

February 22, 2019
Cardano

Cardano (ADA) has proven it’s a resilient project: Good times ahead

February 21, 2019
Litecoin

Litecoin (LTC) – All clear for bulls as it holds above key support level

February 23, 2019
Digibyte

Digibyte (DGB) – Digiassets testing on-going: Bright future ahead for Digibyte

February 16, 2019
Digibyte vs Litecoin

Digibyte (DGB) v Litecoin (LTC) – Which one is a better investment in 2019?

February 20, 2019

Cardano (ADA) to hit $10 within the next one year!

January 19, 2018
Litecoin

Litecoin (LTC) – All clear for bulls as it holds above key support level

February 23, 2019
Dogecoin (DOGE)

Dogecoin (DOGE) – One of the most practical cryptos in the market

February 22, 2019
Cardano

Cardano (ADA) has proven it’s a resilient project: Good times ahead

February 21, 2019
Digibyte vs Litecoin

Digibyte (DGB) v Litecoin (LTC) – Which one is a better investment in 2019?

February 20, 2019
Cardano

Ethereum (ETH) could keep rising in anticipation of ETH staking

February 18, 2019
Funding

The Top 7 Sources of Startup Business Funding

February 18, 2019



Crypto Recorder

CryptoRecorder.com is a Dedicated Cryptocurrency news website and writes a variety of educational articles related to smart crypto trading, bitcoin and altcoins. You will find a details article on almost every hot altcoin and unbiased analysis of coins.

Recent Posts

  • Litecoin (LTC) – All clear for bulls as it holds above key support level
  • Dogecoin (DOGE) – One of the most practical cryptos in the market
  • Cardano (ADA) has proven it’s a resilient project: Good times ahead

Follow Us

Facebook Twitter Google+ RSS

Newsletter

© 2017 JNews – Premium WordPress news & magazine theme by Jegtheme.

  • About
  • Contact
  • Our Team
  • Privacy Policy
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Litecoin
  • Investing
  • Ripple XRP
  • Education
  • Contact Us
    • Become a Contributor
  • Advertise With Us

© 2018 Copyright CryptoRecorder.