STOCKS TELEGRAPH

Tag: Price Prediction

  • Litecoin (LTC) new ATH – What to expect?

    Litecoin (LTC) new ATH – What to expect?

    Litecoin (LTC) has been surging. The cryptocurrency finally broke its all-time high of 2018 by establishing a new ATH at $412. At the time of writing, LTC crypto stands at a price level of $402. The price has increased by 15% in the past twenty-four hours while the daily trading volume has surged up by nearly 100%. Litecoin (LTC) is showing increased bullish divergence which can lead the coin even higher. Litecoin has had almost 550% gains in the yearly timeframe. The crypto has been regarded as the relatively stable one but that may be reversed given its recent surge.

    Litecoin (LTC) technical analysis

    The market sentiment for LTC coin is bullish. Out of the 26 technical indicators, sixteen stand at a position of buy while seven are standing at a neutral position with just three indications of sell. The oscillators are neutral while the moving averages are strongly bullish.

    A trader has set a price target of $450 followed by $500 for Litecoin in his price prediction. The trader has identified various crucial levels for the cryptocurrency which hints towards increased bullish divergence. The trader has identified the price level of $355 as crucial support level. If LTC crypto falls below the level it can enter a support zone in the hopes of stabilization but the fall would entail the rising pressure of the bears. A green zone lies above the price level of $355. The green zone is a signal of strong bullish divergence which could ultimately lead LTC coin towards the set price targets.

    Litecoin (LTC) price prediction

    Trading beasts’ forecasts are not bullish on the cryptocurrency and suggests a price of $260 by the end of the year. However, Wallet Investor has validated the price target of $450 as it is the value expected for LTC coin by the end of 2021. The 5-year forecast places Litecoin at a price level of nearly $700. Digital Coin Price is predicting Litecoin to have a price of $585 in 2021 while the 5-year projection shows Litecoin at $1,838.

  • IOTA (MIOTA) technical analysis: Major resistance upcoming 

    IOTA (MIOTA) technical analysis: Major resistance upcoming 

    IOTA (MIOTA) stands at a price level of $2.14, at the time of press. IOTA coin has been up by 10% in the past twenty-four hours while the daily trading volume has also increased by 13%. In the current bullrun, the cryptocurrency was able to establish its 52-week high at $2.68 while the all-time high of 2018 at $5.69 remains untouched. Iota suffered from market corrections after the 52-week high was established but the coin may appear to have picked up bullish momentum, once again. Iota coin is ranked at twenty-nineth in the market with the capitalization increasing by 10%.

    IOTA technical analysis

    Iota coin has been following as uptrend identified by a trader since early March. Iota has been surging amidst the bull run of the new year and has been one of the well performing cryptocurrencies.

    Per the trader, Iota coin is facing strong resistance at the price level of $2.49. The cryptocurrency have had multiple rejections at the price level and acting as a major resistance, breaking it would indicate increased bullish momentum of the coin. During pullbacks, Iota has also broken out of the trend line but it ultimately reaches back above the ascending trendline – indicting it to be strong support.

    According to Wallet Investor, Iota coin is going to be valued at $2.70 by the end of the year while Digital Coin price has set the target of $3.3 for the year end. It is likely then that the coin will break the major resistance at $2.49 by the end of the year.

    What is IOTA?

    IOTA may be considered as the next stage in the cryptocurrency sphere. It is a distributed ledger but it’s not a blockchain. As appealing as the blockchain technology is, it certainly has its limitation. Iota is a propriety technology known as Tangle. As it is not a blockchain, Iota does not have any miner and, hence, any fees. The foundation behind the technology says Iota offers much higher speed than conventional blockchains. The goal of the platform is to become the network for IoT transactions between devices.

  • Bitcoin Cash (BCH) price prediction: Towards ,700?

    Bitcoin Cash (BCH) price prediction: Towards $1,700?

    Bitcoin Cash (BCH) has been surging – establishing higher highs and higher lows. However, BCH coin has not been able to cross its all-time high of $4,355 established in 2018. The cryptocurrency has established its 52-week high at $1,474 in the current bull run. At the time of writing, Bitcoin Cash stands at a price level of $1,323. The price of BCH coin has gone up by 20% in the past twenty-four hours while the daily trading volume has surged upwards by 100%. Ranked eighth in the market, the capitalization of the coin is also increasing.

    Bitcoin Cash (BCH) technical analysis

    The market sentiment for BCH coin is bullish. Out of the 26 technical indicators, fifteen are giving out a signal of buy while eight are standing at a neutral position and three are giving out a sell signal. The oscillators are bearish while the moving averages are neutral.

    A trader is expecting minor pullbacks from BCH coin in his Bitcoin Cash analysis. After an upward move, the trader expects Bitcoin Cash will fall to $860 for the market to cool down. However, the support zone is expected to stabilize the coin so it does not fall lower. After the minor retracements, Bitcoin Cash is expected to continue its upward move. The trader has set a price target of $1,700 for BCH coin. Per the trader, Bitcoin Cash has been accumulating for the last nine months and it is just the beginning for the coin.

    Bitcoin Cash (BCH) price prediction

    Wallet Investor is not bullish on the one of the most successful hard forks. The predictions place Bitcoin Cash on a downward trend in the yearly timeframe with the price dropping to $1,173. However, the five-year estimates predict Bitcoin Cash at $1,703. On the other hand, Digital Coin Price places BCH coin at $1,907 by the end of the year with an extremely bullish five-year prediction of nearly $6,000 after five years.

  • Maker (MKR) price prediction: Advancing towards ,000?

    Maker (MKR) price prediction: Advancing towards $10,000?

    Maker (MKR) cryptocurrency has been surging in the 2021 bull run. Maker coin establishes its new all-time high at $6,339. At the time of writing, Maker (MKR) stands at a price level of $5,234. The price has fallen by 8% in daily timeframe while the daily trading volume has also dropped by 40%. Ranked at 33 in the market, the capitalization of MKR coin has decreased by 10%.

    Maker (MKR) technical analysis

    The technical indicators for the cryptocurrency are giving out a neutral signal, indicating uncertainty in the market. Out of the 26 total technical indicators, fifteen are giving out a signal of buy with nine at neutral position and only two indicators at a sell position. The oscillators are neutral while the moving averages are strongly bullish.

    A trader has identified a straight upward trend for Maker (MKR) crypto. Per the trader, Maker crypto has successfully established various support zones that may propel the cryptocurrency upwards. The first strong support level lies at $4,951 followed by $4,972 and others. The trader has also set a very optimistic price target for Maker coin at a price level of $10,000.

    Maker (MKR) price prediction

    Wallet Investor’s one year price projection puts the price of Maker crypto at $8,033 while in five years’ time Maker is expected to be priced at a staggering $19,077. Digital Coin Price predicts Maker coin will end the year at a price of $7,704 while by 2028 the cryptocurrency will be valued at a whopping 24,398.

    Why is Maker (MKR) bullish?

    Maker Foundation, the organization responsible for making the protocol completely decentralized, believes its work to be done. The Foundation is set to cease existing by the end of the year – handing over the reins of the protocol completely to the community. The organization recently also sent 84,000 MRK tokens worth $480 million to the protocol which is community is responsible for.

    The Maker Protocol is tasked with issuing the DAI stablecoin and is based on the blockchain of Ethereum. The DeFi surge has contributed in the rise of the platform and it token, MKR. With a total value locked at $11.09 billion, it is the number one ranked Ethereum-based DeFi platform in terms of TVL.

  • Stellar Lumens (XLM) on the rise, what to expect next?

    Stellar Lumens (XLM) on the rise, what to expect next?

    With nearly 500% gains in the yearly timeframe, Stellar Lumens (XLM) could not break its all-time high of $0.93 established three years ago in 2018. XLM coin was, however, able to form a new 52-week high at $0.68. At the time of writing, Stellar Lumens stands at a price level of $0.56. The price of the cryptocurrency has increased by 7% in the past twenty-four hours while the daily trading volume has gone up by nearly 30%. Stellar Lumens stands at 16th rank in the market with the capitalization of the coin, too, increasing.

    Stellar Lumens (XLM) technical analysis

    The market sentiment for stellar Lumens is neutral. Out of the total twenty-six technical indicators, ten stand at a neutral position while fifteen are giving out a signal of buy with only one sell indication. The oscillators and moving averages are, both, standing at neutral position.

    A trader has identified Stelar Lumens inside a triangle formation. The analyst is suggesting a long position on the cryptocurrency as the market is appears to be dominated by buyers. The Relative Strength Index is moving towards overbought conditions. The RSI couple with the bullish 6-hourly candle in indicative of buying pressure on XLM coin’s price. Per the trader, the 0.786 Fibonacci retracement which lies parallel to the price level of $0.54 is the immediate support level for XLM coin. Another support level can be found at 0.618 Fibonacci Retracement – at the price level of $0.43.

    Stellar Lumens’ (XLM) ETP

    A new milestone was reached for XLM crypto as a Swiss fintech company by the name of 21Shares AG has announced listing the exchange-traded products for Stellar Lumens along with Cardano. The XLM ETP (AXLM) was have a base trading fee of 2.5% and will be launched on Swiss stock exchange, SIX Exchange. Each AXLM will be backed by 40 XLM at the time of launch.

    The demand for Stellar Lumens has skyrocketed in the bull run of 2021 because of the coin’s performance and the potential it carries. 21Shares AG revealed that the ETP products for XLM saw a 200% spike in demand in the first quarter of 2021.

  • Ethereum Classic (ETC) – Price target at

    Ethereum Classic (ETC) – Price target at $60

    Ethereum Classic (ETC) – the hard fork of Ethereum (ETH) is one of the cryptocurrencies that has been gaining increasing attention in the bull run of 2021. ETC coin has had 70s at $40% gains in the year-to-date window. At the time of writing, ETC coin stands at $49.84, breaking at previous all-time high of $49.67. The price of ETC coin has increased by 13% in the past twenty-four hours while the daily trading volume has decreased by 13%. Ethereum Classic stands at 31st rank in the market with the capitalization of the coin increasing by 13%.

    Ethereum Classic (ETC) technical analysis

    The market sentiment for Ethereum Classic is strongly bullish. Out of the twenty-six total technical indicators, none of them are giving out a signal of sell. Seventeen of the technical indicators are standing at a sell position while the rest – nine – are neutral. Both the oscillators and moving averages are bullish.

    A trader has identified important Fibonacci retracement levels for Ethereum Classic. Per the trader’s analysis, ETC coin has been on an uptrend – following an ascending trendline. Ethereum Classic has broken the first important level of resistance at the price level of $46. The next crucial resistance level lies at the 0.618 Fibonacci level parallel to the price level of $60, followed by 0.768 and 1 Fibonacci retracement levels at $78 and $107 respectively – setting the levels as price targets. The overbought Relative Strength Index is returning back to normal levels, hence, a pullback may be expected.

    Ethereum Classic (ETC) price prediction

    The hard fork that was launched to “preserve the integrity” of the Ethereum blockchain after a major hack had been diverging more and more from Ethereum. The project is now considered valuable on its own. The forecasts of Trading Beasts place ETC coin on a downward trend with a price level of $30 while the five yeas’ prediction puts ETC crypto at $50. Wallet Investor, too, is bearish on the cryptocurrency in the long-term and expected a minor fall to $47 while the 5-year prediction places ETC at $57. However, the estimates of Digital Coin Price are kind on the cryptocurrency as the price is expected to go upwards towards $222 in 2028.

  • Polkadot (DOT) Price Prediction: Rise to ?

    Polkadot (DOT) Price Prediction: Rise to $43?

    Polkadot (DOT) went as high as $48 in the bull run but, like the market norms is, the cryptocurrency suffered from market corrections. The price tried to reach upwards but succumbed to bearish pressures and has been on a downward trend. At the time of publication, Polkadot stands at a price level of $32. In the 24-hour timeframe, the price of the cryptocurrency has increased by 10% while the trading volume has gone up by 50%.

    Poladot (DOT) Price Prediction

    The market sentiment for Polkadot is bearish. Out of the 26 technical indicators, ten stands at a sell position while ten are neutral and only six are giving out a buy indication. The oscillators are neutral while the moving averages are mainly bearish.

    Trader Flytheus has set a price target of $45 for the cryptocurrency. The trader is suggesting a long position for the cryptocurrency and expects it to break the major resistance level of $42 Per the trader’s analysis, Polkadot has started to move upwards.

    Polkadot is a good long-term investment as the project is believed to possess potential. Wallet Investor estimates the cryptocurrency will hit $110 in a year’s time while the 5-year forecast stands at $423. Digital Coin Price predicts Polkadot to have a price level of $57 by 2022 while by 2028 it is expected to reach $144. Long Forecast is not as bullish on the cryptocurrency and predicts a rise to $43 by the end of the year but subsequently, the marginal increments diminish and Polkadot is projected stable at $50.

    What is Polkadot? 

    Polkadot is a multi-chain network designed to increase the interoperability of blockchains by allowing them to connect to Polkadot’s network. Polkadot allows different blockchains to interact as parachains on its blockchain as well as access the proof of stake validation and security of Polkadot. The project was designed by Ethereum co-founder Gavin Wood.