Die geschädigten Kunden wollen nicht mit anderen Gläubigern auf eine Stufe gestellt werden, was die Auszahlung veruntreuter Krypto-Gelder angeht.
Chainlink losing $6 will be a bear trigger, but Michaël Van De Poppe is optimistic
-
Chainlink has temporarily lost the support at $6
-
Michaël Van De Poppe expects the price to rally to $16 next year
-
LINK faces pressure, and the momentum is bearish
Chainlink (LINK/USD) was trading $5.74 as of press time. Technical indicators show that the cryptocurrency has lost support at $6, although a bear momentum is yet to be confirmed. Will the new year spell doom if bulls do not recover above $6?
Potentially yes, since LINK bulls have always defended $6. Any time the price crashes below this level, buyers arrest it quickly, making it an important zone. A loss of $6 will, therefore, be a bear trigger for LINK in early 2023.
Crypto analyst Michaël Van De Poppe expects Chainlink to be bullish next year. According to Poppe, Chainlink will rally to $16 if bulls reach a resistance area of $7.78. However, Poppe says LINK can fall below $5 before igniting a bullish push.
LINK price and technical outlook
LINK is consolidating within a range of between $6 and $8. Any break below the range low could take the cryptocurrency down. Bulls will gain interest if the cryptocurrency breaks above the range low.
Technically, selling pressure is high on LINK. The RSI points down and remains near the oversold region. A further decline heightens the bear pressure, with LINK now staring at a possible drop below the consolidation. The new few days of trading will be exciting to watch how LINK behaves around the support.
Can LINK recover the $6 level?
Although a price below $6 would be considered bearish for LINK, we need to watch the close of the daily candlestick. A bullish reversal will be confirmed if the candlestick closes with a long wick on the lower side (bullish pin bar).
Conversely, a bear market will be confirmed if LINK closes with a long wick on the upper side and the price breaks further lower. For LINK bulls, it is important to wait for confirmation.
Where to buy LINK
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
The post Chainlink losing $6 will be a bear trigger, but Michaël Van De Poppe is optimistic appeared first on CoinJournal.
Argo Blockchain verkauft größtes Rechenzentrum an Galaxy Digital
Mit dem Verkauf kann Argo seine Verbindlichkeiten insgesamt um 41 Mio. US-Dollar reduzieren.
Ethereum price as cryptocurrency falls below $1,200
-
Ethereum fell by 1.87% on Wednesday to relinquish $1,200 price level
-
Ethereum price is ailing from the weak sentiment in the crypto sector
-
The price faces further slump although it has some stability
Looking to buy Ethereum (ETH/USD) in the new year? Probably waiting a little longer would help. Ethereum is yet to find a bullish footing, and further downsides are possible. The recent price action shows it, but it is not outright.
Trading down 1.87% on Wednesday, Ethereum had slipped below the $1,200 price level. The loss is not unique to the second-largest cryptocurrency. All the cryptocurrencies in the top 10 by market cap were in the red. That probably tells that although crypto fans may wait for 2023 with enthusiasm, it may still be too early to jump into the ship.
Ethereum is a cryptocurrency with huge potential, considering that it trades at just four times lesser value than its 2021 highs. Then, the merge happened this year, and the blockchain transited to the proof of stake protocol. Yet again, the price has failed to take off. Perhaps, we should take the words of the co-founder Vitalik Buterin that we should focus on the technology rather than price. But to crypto speculators, price matters most. What crypto enthusiasts want is when is the next bull run. The answer is plain, not yet! The price action below shows.
ETH sliding below the support-turned resistance
On the technical outlook, Ethereum is sliding into a consolidating market. However, the cryptocurrency is in a bear market with weak momentum. ETH also trades below the $1,250 support zone. The $1,100 continues to support the price and prevent bears from crashing below $1,000.
What next for ETH?
The price outlook for ETH is slightly bearish. However, $1,100 is the level to watch should bear pressure mount. A break below the support would see ETH fall further lower.
On the flip side, bulls must recover above $1,250 to consider the further upside for Ethereum price. For buyers, it could be crucial to wait for a bullish momentum.
Where to buy ETH
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
The post Ethereum price as cryptocurrency falls below $1,200 appeared first on CoinJournal.
Litecoin rallies from a support zone as trading volumes rise
-
Litecoin correction was contained at the $64 support
-
Michaël van de Poppe expects LTC price to rally 22%
-
LTC is a good buy on the current retracement for short-term investors
Litecoin (LTC/USD) may be well on course to another bullish rally. Despite the cryptocurrency cooling off from its recent gains, bulls have defended the $64 support as the price retraced. LTC has now initiated a short-term recovery above the support.
While technicals depict a potential rally in LTC, crypto analyst Michaël van de Poppe says the uptick will continue. Poppe says LTC price could rise by at least 22% from the current price level. To emphasise his point, the analyst notes Litecoin is demonstrating strengths. He says he will be interested in some scalp trades at the $69 level, with options to go long around $66.75, targeting $78 and $84. LTC traded at $67.48 as of press time and was on a slight bear correction.
Meanwhile, development activity on Litecoin is on the rise. Santiment data indicates that activity grew strongly in September before peaking in October. As of December 27, Litecoin was the second most active chain. It recorded $2.88 billion in transaction volumes after Bitcoin’s $3.98 billion.
LTC recovers at the 38.2% fib level but above $64 support
Incorporating the Fibonacci retracement levels on LTC daily chart, the token’s price initiated a recovery at the 38.2% fib level. Momentum increased as the cryptocurrency recovered the 50% fib level. LTC is also maintaining a short-term bullish trendline. The bulls have now successfully defended the $64 support.
LTC concluding thoughts
Technicals and fundamentals align for LTC price. There is a clear uptrend, with price recovering key levels that spell a bullish surge for the cryptocurrency.
LTC is a good buy, with a price potential of up to $84, the previous resistance level. However, buyers would still target areas around $70, the 61.8% fib level, and $76, the 78.6% fib level. A further uptick in LTC will depend on the ongoing fundamentals and developments. Investors can buy on the short-term retracement.
Where to buy LTC
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
The post Litecoin rallies from a support zone as trading volumes rise appeared first on CoinJournal.