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Ripple Price: What Is Next For The World's Number 2 Cryptocurrency?
The ripple price is currently $ 0.015442 in US Dollar based on Poloniex. Ripple is the world's number 2 cryptocurrency based on market capitalization. It has overtaken Litecoin in 2014. With $ 478,369,633, it is about 1/7 the size of bitcoin and 6.5 times larger than Litecoin. 1. Long Term Ripple Price Forecast (XRP/BTC) As illustrated in our previous ripple price forecast, ripple prices kept going down as expected over the past week. This happened because we have shown that the ripple price was stuck in a downward channel. Looking at the long term, we can now see an even larger parallel trend channel. Only a clear break out or break down of this channel will indicate a trend change for the ripple price. 0.00005 BTC is a very strong support zone: There is the lower trend line and the horizontal support. Summary Forecast Long Term: Down as long as trading in red channel. Breakout zones: Bullish above 0.000085 BTC (target 0.000099 BTC). Bearish below 0.000049 BTC (downside target 0.000025 BTC). 2. Short Term Ripple Price Forecast (XRP/BTC) Over the past two days, ripple prices have put a short term bottom in place. The ripple price rallied from the low around 0.000052 to 0.000064 BTC. It now looks like we will see a short term rally, particularly if ripple prices can mount a breakout above the red trend line. A rally above 0.000061 would elevate this potential. Summary Forecast Short Term: UP as long as holding above 0.000052 BTC. Breakout zones: More Bullish above 0.000062 BTC (first target 0.000072 BTC). Bearish below 0.000051 BTC (downside target 0.000025 BTC). Have a great Crypto-Trading Day! @S3052 Do you want to learn more about Cryptocurrency Forecasts, Our Premium In-Depth Weekly Report, Daily Updates, and real-time Price Alerts? Please visit BullBear Bitcoin Analytics now! The Bitcoin and other cryptocurrency forecast are available as part of the Active Pro Complete package. Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment.
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Ripple Price: What Is Next For The World's Number 2 Cryptocurrency? The ripple price is currently $ 0.015442 in US Dollar based on Poloniex. Ripple is the world's number 2 cryptocurrency based on market capitalization. It has overtaken Litecoin in 2014. With $ 478,369,633, it is about 1/7 the size of bitcoin and 6.5 times larger than Litecoin. 1. Long Term Ripple Price Forecast (XRP/BTC) As illustrated in our previous ripple price forecast, ripple prices kept going down as expected over the past week. This happened because we have shown that the ripple price was stuck in a downward channel. Looking at the long term, we can now see an even larger parallel trend channel. Only a clear break out or break down of this channel will indicate a trend change for the ripple price. 0.00005 BTC is a very strong support zone: There is the lower trend line and the horizontal support. Ripple Price Forecast: Long Term Summary Forecast Long Term: Down as long as trading in red channel. Breakout zones: Bullish above 0.000085 BTC (target 0.000099 BTC). Bearish below 0.000049 BTC (downside target 0.000025 BTC). 2. Short Term Ripple Price Forecast (XRP/BTC) Over the past two days, ripple prices have put a short term bottom in place. The ripple price rallied from the low around 0.000052 to 0.000064 BTC. It now looks like we will see a short term rally, particularly if ripple prices can mount a breakout above the red trend line. A rally above 0.000061 would elevate this potential. Ripple Price Forecast: Short Term
Summary Forecast Short Term: UP as long as holding above 0.000052 BTC. Breakout zones: More Bullish above 0.000062 BTC (first target 0.000072 BTC). Bearish below 0.000051 BTC (downside target 0.000025 BTC). Have a great Crypto-Trading Day! @S3052 Do you want to learn more about Cryptocurrency Forecasts, Our Premium In-Depth Weekly Report, Daily Updates, and real-time Price Alerts? Please visit BullBear Analytics now! The Bitcoin and other cryptocurrency forecast are available as part of the Active Pro Complete package. Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Written by S3052. Cryptocurrency Trading: NEW and First Coverage of NXT As part of our "free cryptocurrency trading week", we start covering the cryptocurrency trading forecast for NXT. NXT has a market capitalization of 12.53 $ million and is trading at 0.012530 $ at poloniex. In bitcoins, this amounts to 0.00005051 BTC per NXT coin. NXT Forecast (NXT/BTC) Long Term NXT is in a persistent downtrend. Trend DOWN. Bullish only above 0.00007 (target 1: 0.00009, target 2: 0.001445 = the previous all-time high). Short Term Since there was a panic sell-off this morning with huge trading volume, there is some room to the upside short term. NXT prices could quickly rally to the 0.00006 - 0.00007 area. Trend UP as long as 0.00004012 holds. Bearish below this morning's 0.00004012 low. Do you want to learn more about Cryptocurrency Trading Forecasts, Our Premium In-Depth Weekly Report, Daily Updates, and real-time Price Alerts? Please visit BullBear Analytics now!
The Bitcoin and other Cryptocurrency Trading forecasts are available as part of the Active Pro Complete package. Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Written by S3052. Cryptocurrency Forecast: Snapshot Coverage of Ripple, Stellar and Monero We have recently covered the litecoin forecast in this blog. In this "free week", we now extend coverage to other altcoins. Today, we issue snapshot cryptocurrency forecasts as an exception also for non-subscribers. Those snapshot forecast will display only charts with a few comments on support and resistances here. Detailed explanations, mid and long term forecasts and cryptocurrency trading education will only be available in our premium section. Prices are based on Poloniex. 1. Ripple Forecast (XRP/BTC) Down as long as trading in red channel. Breakout zones: Bullish above 0.000076 (target 0.0000865). Bearish below 0.000065 (downside target 0.000060). 2. Stellar Forecast (STR/BTC) Down as long as trading in red channel. Breakout zones: Bullish above 0.0000222 (target 0.0000278). Bearish below 0.0000180. 3. Monero Forecast (XMR/BTC) Up as long as trading above breakout wedge line: Bullish above 0.00105 (target 1: 0.00168, target 2: 0.00183). Bearish below 0.0010. Have a great Cryptoday!
@S3052 --- Do you want to learn more about Cryptocurrency Forecasts, Our Premium In-Depth Weekly Report, Daily Updates, and real-time Price Alerts? Please visit BullBear Analytics now! The Bitcoin and other cryptocurrency forecast are available as part of the Active Pro Complete package. For more information on the Bitcoin BullBear, any of the markets we cover (Litecoin, Monero, Gold, Silver, S&P 500, Nasdaq 100, DAX 30, and select individual securities), or how to subscribe to our Premium Services, please visit the Bitcoin BullBear today! Written by S3052. The Current State Of Litecoin Litecoin remains a top cryptocurrency. According to coinmarketcap, Litecoin is the number three cryptocurrency. It has a market capitalization of about 48 $MM. There are only two digital currencies that are larger: Bitcoin and Ripple. From a Litecoin price development perspective, the value has plunged about 97% from its 48 $ high. Litecoin is currently trading at 1.3 $. This huge crash is another example why technical analysis of cryptocurrencies can be a valuable tool and can protect traders and investors from huge losses. What Are The Short Term Litecoin Predictions? BullBear Analytics regularly covers Litecoin predictions as part of other Cryptocurrency predictions and forecasts. Today, we provide a free sample of this analysis. (We keep publishing timely subscriber-only updates in the future.) So let us review the Litecoin Chart: We have alerted subscribers last week that there is an important downtrend line. This trend line has its origin at around 2.7$. Today, it looks like that Litecoin prices are about to break out of this trend line. What is next? If this breakout persists, there is a good chance that at least a short term Litecoin rally develops. A possible first target zone for this rally is the 1.5 - 1.7 $ area. If this zone can be broken, prices could quickly shoot up to 2 $ and then even 2.7$. Any decline below 1.2 $ as of now would likely restart the big litecoin bear market. And a break below 1.056 $ would confirm the resumption of the bear market. But if the bullish break out materializes, Litecoin traders could quickly make 100% and more gains. But the clear watch out is that this asset is extremely volatile and not very liquid. And this means that there are high risks to lose money if the market goes against you. How Are Litecoin Predictions Developed?
BullBear Analytics not only uses standard technical analysis tools, but also some very novel tools that are only accessible to them. Also, the 5 year experience in cryptocurrency and Litecoin predictions plays a major role (Bitcoinbullbear started to cover bitcoins and litecoins already in 2010). BullBear Analytics uses those tools:
The diligent analysis plus an almost 24/7 coverage of our analysts ensure that those bitcoin and litecoin predictions can be used well to outperform buy & hold. In some of the next editions, we will also cover short term bitcoin and stock market predictions. Have a great BITday! @S3052 --- Do you want to learn more about the bitcoin forecast above, or to gain access to the full Litecoin Forecasts and Litecoin Predictions, Weekly Report, Daily Updates, and real-time Price Alerts? Please visit BullBear Analytics & Litecoin Predictions now! Litecoin and other cryptocurrency predictions are available as part of the Active Pro Complete package. Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. The Current State Of Litecoin Litecoin remains a top cryptocurrency. According to coinmarketcap, Litecoin is the number three cryptocurrency. It has a market capitalization of about 48 $MM. There are only two digital currencies that are larger: Bitcoin and Ripple. From a Litecoin price development perspective, the value has plunged about 97% from its 48 $ high. Litecoin is currently trading at 1.3 $. This huge crash is another example why technical analysis of cryptocurrencies can be a valuable tool and can protect traders and investors from huge losses. What Are The Short Term Litecoin Predictions? BullBear Analytics regularly covers Litecoin as part of other Cryptocurrency predictions and forecasts. Today, we provide a free sample of this analysis. (We keep publishing timely subscriber-only updates in the future.) So let us review the Litecoin Chart: We have alerted subscribers last week that there is an important downtrend line. This trend line has its origin at around 2.7$. Today, it looks like that Litecoin prices are about to break out of this trend line. What is next? If this breakout persists, there is a good chance that at least a short term Litecoin rally develops. A possible first target zone for this rally is the 1.5 - 1.7 $ area. If this zone can be broken, prices could quickly shoot up to 2 $ and then even 2.7$. Any decline below 1.2 $ as of now would likely restart the big litecoin bear market. And a break below 1.056 $ would confirm the resumption of the bear market. But if the bullish break out materializes, Litecoin traders could quickly make 100% and more gains. But the clear watch out is that this asset is extremely volatile and not very liquid. And this means that there are high risks to lose money if the market goes against you. We stay very close to Litecoin prices and Litecoin predictions and if you like to learn more about subscription packages, you can review those here How Are Litecoin Predictions Developed?
BullBear Analytics not only uses standard technical analysis tools, but also some very novel tools that are only accessible to them. Also, the 5 year experience in cryptocurrency and Litecoin predictions plays a major role (Bitcoinbullbear started to cover bitcoins and litecoins already in 2010). BullBear Analytics uses those tools:
The diligent analysis plus an almost 24/7 coverage of our analysts ensure that those bitcoin and litecoin predictions can be used well to outperform buy & hold. In some of the next editions, we will also cover short term bitcoin and stock market predictions. Have a great BITday! @S3052 --- Do you want to learn more about the bitcoin forecast above, or to gain access to the full Litecoin Forecasts and Litecoin Predictions, Weekly Report, Daily Updates, and real-time Price Alerts? Please visit BullBear Analytics & Litecoin Predictions now! Litecoin and other cryptocurrency predictions are available as part of the Active Pro Complete package. For more information on the Bitcoin BullBear, any of the markets we cover (Litecoin, Monero, Gold, Silver, S&P 500, Nasdaq 100, DAX 30, and select individual securities), or how to subscribe to our Premium Services, please visit the Bitcoin BullBear today! Happy trading and have a great BITday! Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. We apply technical chart analysis to predict cryptocurrency prices. Our latest Monero price forecast has been spot on. The Monero price was at 0.00133101 BTC when we gave the rally forecast. Only 24 hours later, The Monero price rocketed to 0.0019390 BTC. This is a +45.68% increase. This is a percentage increase that we see often in cryptocurrencies, but not in conventional financial markets like stocks, mutual funds, etc. What Will The Monero Price Do Next? We can use the same technical analysis principles to forecast the next moves of cryptocurrencies. In this case, we clearly see an impulsive rally from the 0.0009100 low to the 0.0019390 BTC high in the December 17 - 28 period. The following downturn is a corrective one. It lacks a 5-wave Elliott Wave structure. Also, the volume during the decline has been low. We now see another rally leg as the most likely scenario going forward. This means that we see a rally to new highs above 0.0019390 BTC in the next days or weeks. This next Monero price rally will most likely reach the 0.0020 - 0.0024 BTC area. Looking at the 240min Monero price chart below, we also see a nice parallel trendchannel during the decline. And this channel has just been broken to the upside. Based on our research, we believe that the next days will again be exciting for Monero prices. Are you interested to learn more about cryptocurrency forecasts for 2015? You can still become a subscriber of the BullBear Analytics Active Pro subscriber package until January 8, 2015. This package covers the most important cryptocurrency forecasts in the world. And you get also conventional financial markets on top. Happy trading and have a great BITday!
Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at terms-conditions-disclaimer/. Monero - A Rising Crypto Star?
Monero has been a rising star in the cryptocurrency world in the first part of 2014. This was before it plunged from its high of 58100 Satoshis to 9100 Satoshis on December 17, 2014. This big decline resembles a percentage drop of -82.16%. The Monero price decline is a prominent example of the "pump and dump" reality in the cryptoworld: New altcoins get hyped up by large holders. This creates broad awareness. Then, altcoin traders and speculators jump on board and the price rallies. Finally, large holders dump the coins and cash in. And as a result, the mass bag holders remain and encounter severe losses. Predicting The Monero Price with Fundamentals? This again shows that "fundamental" news don't really help to determine the most profitable trading strategy in cryptocurrencies. In summer 2014, loads of fundamental news surfaced about Monero. Still, the price did not rally any further. Technical Chart Patterns For Monero Price Forecasts Instead, a simple look at the technical chart pattern of the Monero price (XMR) could have revealed the simple truth. XMR/BTC and XMR/USD has been trapped in a persistent downtrend since late summer 2014. But this is the past. Technical analysis of cryptocurrencies helps us to look into the future: The 9100 Satoshi low was a little more than one week ago. Since then, we can see a bottoming process with strong volume. The Monero price as measured in bitcoins has rallied +59.34% from the December 17 low. When looking at the monthly Monero price chart below, we see that the short term downtrend has been broken. Based on our research, we believe that the next weeks will be very volatile for Monero. Those weeks will offer exciting trading opportunities. Are you interested if Monero prices will be UP or DOWN next month? You can still become a subscriber of the BullBear Analytics Active Pro subscriber package. This package covers the most important cryptocurrency forecasts in the world. And you get also conventional financial markets on top. Overall Assessment: We take a look at the new 180min chart from TradingView.com for a detailed look at the technicals. There seems to be much conflict as the EMA’s flatten out, the RSI has weakened considerably, but the MFI is still confirming the rally off of the 9.12 $ bottom. Also of note is the fact that LTC is reacting surprisingly well to the Fibonacci retracement levels as the market bounced off of the 50% level and is now struggling with the key 61.8% mark at 23 $. Currently, the market appears to have held the current uptrend line off of the December low, but the recent weakness could persist in the near term as a bottom is being put in. Although we do not expect a retest of the 9.12 $ low at this time barring more negative exogenous news, we do think a range trade between 18 $ and 31 $ could have legs in the short term until a confirmed pennant breakout occurs. Longer term we remain bullish. Probability XX/XX. What is the alternative? A confirmed move below the 9.12 $ low would indicate the range is broken and the pennant is void. Low single digits would be in the cards. Probability XX/XX. LTC/USD 180min chart on January 8, 2014: LTC/USD 240min chart on January 28, 2014:
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