Monat: Januar 2022

Litecoin (LTC) has been rebounding steadily over the last few days. The altcoin has in fact surged by 4% over the last week, paring some of the losses we saw during the market-wide slump. But even with these bullish signs, LTC is still firmly in the bear market territory and could remain there for a while. But should you still buy it? Here are some highlights first:

• Although LTC has surged above its 25- and 50-day exponential moving averages, it is still well below its 200-day EMA.

• Broader sentiment in crypto is yet to rebound steadily, something that poses a huge downside risk for LTC.

• Litecoin must surge past crucial resistance of $150 if any sustained bullish uptrend is seen in the near term.

Data Source: Tradingview.com 

Litecoin (LTC) – Price prediction and analysis

Litecoin (LTC) has shown some resilience this week. The coin in fact managed to pull up from its six-month lows of $120 and add some daylight in between, trading at around $140 at the time of writing. 

The altcoin has also seen gains of about 4% over the past 7 days. Although this may seem like a bullish trend, it’s still early to bet on LTC. 

First, the coin is well below its 200-day EMA of around $150. Analysts note that any bullish surge can only come once LTC surges past that. If indeed that happens, it is conceivable that the coin could go to $170.

Why you should buy Litecoin (LTC)

Even with current price pressure, Litecoin (LTC) has always been a decent buy. The altcoin is still one of the best performing coins inside the top 10 and could still deliver more value in the long term. It is one of those must-have crypto assets for any serious investor looking to unlock long term value.

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Uniswap (UNI) is starting to see some price consolidation after the tempestuous last few days. The coin in fact looks poised for an uptrend that could deliver a 20% upswing in the near term. As sentiment in the market improves, we could see a sustained UNI bullish breakout albeit there are still some risks. Here are some key highlights:

• Over the last few days, Uniswap (UNI) has been consolidating around its $14 weekly support, suggesting it could breakout.

• The token has also managed to recover some of the losses reported last week during the market-wide crypto slump.

• We expect UNI to retest the $18 mark, something that could deliver an upside of 20% in the coming days.

Data Source: Tradingview.com 

Uniswap (UNI) – Price prediction and analysis

Over the last few days, we have seen Uniswap (UNI) bounce off its $14 weekly support. The coin is strongly consolidating around this price, and while we are yet to see a decisive breakout, it is likely going to happen within days. 

In fact, at the time of writing, Uniswap (UNI) had surged past the $16 mark albeit it was down about 1% in 24 hours. The next rally is likely to push the coin above $18 and could easily break into $19 territory as a result. 

For this reason, investors are looking at a possible upswing of at least 20%. Despite this, UNI must hold above the weekly support of $14 for any decent uptrend to occur.

Should you buy Uniswap (UNI)

The answer is yes. Uniswap (UNI) is a decent crypto asset and a good bet for long-term investors. But even for short-term speculative traders, UNI appears well on course towards decent gains in the near term. You could enter right now and ride the wave to $18 before locking in profits.

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Analysis of Loopring (LRC) over the last two weeks has largely struck a bearish tone. Most analysts were targeting a $1.3 price in the downtrend and true to that, LRC tanked to those levels. But there was some breakout that took the coin out of the $1.3 bedrock, and LRC even tested its overhead resistance at $1.6. But so far, Loopring (LRC) has stalled. Should you buy it? First some highlights:

• Despite breaking past its $1.6 resistance, Loopring (LRC) has struggled to sustain gains above that threshold, suggesting weakness.

• At the time of writing, the coin was trading at around $1.59, virtually unchanged in 24-hour intraday trading.

• Analysts warn that if gains above $1.6 are not sustained further, the LRC could easily tumble back to $1.3.

Data Source: Tradingview.com 

Loopring (LRC) – Price prediction and analysis

As noted above, commentary around Loopring (LRC) over the last two weeks was bearish. Technical indicators around the coin were pointing towards sustained price pressure, and eventually, LRC tanked to around $1.3. 

But there were some signs that perhaps a rebound was on the cards after the coin managed to retest overhead resistance at $1.6. But despite this, so far it has not managed to hold above that threshold. 

If this trend continues, LRC is staring at a collapse that will take it back to $1.3. But if bulls push gains above $1.6 and keep them there, a surge towards $1.9 and eventually $2.2 is still likely.

Why you should buy Loopring (LRC)

Despite the recent price pressure, Loopring (LRC) still has the potential to deliver immense value for investors. The token is actually getting listed in many exchanges, and its innovative use of third-party scalability solutions has made the network more efficient and faster. 

We still expect the price of LRC to rebound in the long term. For that reason, it is definitely a good buy for any crypto investor.

The post Loopring (LRC) price breakout is stalling – Should you still buy it? appeared first on Coin Journal.

After showing a lot of weakness during the start of 2022, Dogecoin (DOGE) is rebounding and appears to be on the cusp of an uptrend that could send it to obscene heights. The dog-themed meme token is attracting whale activity in fact, over the last few days, the top 1000 whales on BSC have been buying DOGE in droves. So, where will the price go? First, some highlights:

• We have seen an explosion of on-chain activity surrounding Dogecoin (DOGE) the last few days, suggesting increased whale buying.

• At the time of writing, Dogecoin (DOGE) had rebounded by nearly 10%, trading at $0.1707

• Despite this, Dogecoin (DOGE) is still around 75% down from its 2021 all-time highs that came in May.

Data Source: Tradingview.com 

Dogecoin (DOGE) – Price prediction and analysis

The new 2022-year hasn’t been kind to crypto. Just like altcoins, memecoins like Dogecoin (DOGE) have seen a consistent rout as downward pressure on the prices continues. But we are starting to see some recovery. 

For starters, Dogecoin (DOGE) has rebounded by 10% in 24 hours and is up nearly 8% over the last 7 days. Things might even get better for Dogecoin (DOGE). The meme coin is seeing increased bullish whale activity, something that could push prices higher. 

Despite this, some analysts are wary and argue that the coin must overcome resistance at 24 cents before any bullish surge happens. But if downside risks become more pronounced in the near term, Dogecoin (DOGE) could tumble to $0.09.

Should you buy Dogecoin (DOGE)

Dogecoin (DOGE) is a meme coin. In essence, it is a speculative asset that is not backed by any serious underlying fundamentals. In the long term, it’s not the best asset to hold. However, the increased whale activity around the token gives short-term investors a decent entry point to earn from a potentially good short-term Dogecoin (DOGE) uptrend.

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