Litecoin has rallied tremendously, breaking through to the $60 handle. It had been meandering around in the $50's for months. A few attempts at the $60's were quickly thwarted, however, and we will see if Litecoin can hold these higher levels. The Moneygram news seems to be what spurred this rally. Adoption is one of the most important aspects for this coin...
As predicted yesterday, $1341 was too heavy for Ethereum and it retraced back to support at $1288. Red triangles on the KRI confirmed that resistance at $1341 was prohibitive and we fell back to safer levels, confirming the range Ethereu has held for past month or so (aside from that dip to the $1100). The Kovach OBV is pretty flat, suggesting that we need more...
Bitcoin has edged higher, hugging the $20K level. We have broken just above this level but are still a bit far from $20.7K, a technical level Bitcoin has tested many times over the past few months. The Kovach OBV is very bearish, but does appear to be leveling off. We must first break $20.7K before testing higher levels the next of which would be $22.4K. If we...
Bitcoin has stabilized in the low $20K's, seemingly unfazed by dollar strength and a bearish stock market. We have been testing $20.7K, but green triangles on the KRI are confirming support. We are seeing little buying interest and cannot even muster the strength to test the next level at $22.4K. In particular, $21.6K seems to be a barrier for now. If we break...
Given that Solana is a fairly new and not even a year old blockchain we need to look at the amazing benefits it brings to the crypto world. One of these is a whopping 50,000 transactions per second beating every competitor hands down. Ethereum handles 15-25 transactions per second, Ripple with 1700 TPS, Bitcoin 4.6 transactions per second, EOS claims 50,000...
Crypto Mining
Cryptocurrency mining is the process of verifying transactions and adding new blocks to a blockchain ledger. Each new block of transactions has a complex mathematical hash function associated with it that requires significant computing power to solve. The miner who solves the function first receives a Bitcoin reward for supporting the network and...
Short term price predictions for Bitcoin either reaching the support line visible on the chart or going toward major resistance with is located at around 5900 - 6100$ and then going towards 200MA with is located at around 6395$
