The market is still showing several rises right now, the BTC has crossed the $ 7000 level and is dragging al the ats behind. The prices all along the charts are having an upside momentum due to the possibility of crypto EFTs being approved, if this happens, we´ll see huge capitals coming into the marketplace and the possible will take the prices high in most of the cryptos. It is late to take long positions if we didn´t in the last minimums, it is better to wait for a reversal or a bullish trend confirmation.
General Overview
General Overview
Market Cap: $286.112.341.605
24h Vol: $15.314.441.846
BTC Dominance: 42.8%
In the last 2 hours, the market capitalisation has increased 12 billion, this has taken all cryptos up and the market is a completely green field right now.
Cryptocurrency News
Buy a Whole Bitcoin Before Buying Any Altcoins, Says Litecoin Creator Charlie Lee
It’s common for longtime cryptocurrency investors to advise newcomers to invest heavily in bitcoin and — depending on their proclivity toward “Bitcoin maximalism — ethereum before investing in what many of them not-so-affectionately refer to as s–tcoins. What’s less common, though, is for an altcoin creator himself to give that same advice.Yet that’s exactly what Litecoin creator Charlie Lee did on Monday when he counseled his Twitter followers to obtain at least 1 BTC before buying any other cryptocurrency, LTC included.
Source: ccn.com
SEC Shutters Kodak-Branded Bitcoin Mining Rig ‘KashMiner’
The developer behind the purported and much-publicized Kodak-branded bitcoin mining equipment has officially halted operations and has denied ties to Kodak.
As CCN reported, KashMiner, a bitcoin mining equipment, was showcased at CES 2018 back in January by the company Spotlite USA, which claimed to be a licensee of the Kodak brand.
Source: ccn.com
Bitcoin Mining Giant Bitmain Opens 20,000 Sq. Foot Office in Silicon Valley
Bitmain, the cryptocurrency industry’s most valuable company, has just opened an office in Silicon Valley ahead of its planned initial public offering (IPO) later this year.
The Silicon Valley Business Journal reports that the China-based cryptocurrency mining hardware manufacturer has just moved into 20,000 square feet of office space in downtown San Jose, CA, filling the last vacancy in the city’s Riverpark Towers office building, which has become a hub for tech startups including Okta, Cohesity, and WeWork.
Source: ccn.com
Analysis
LTC/USD
Litecoin price has been recovering since yesterday from the support at $ 76.00 reaching a maximum at $ 84.00 then the price retraced a little and now is using the central pivot point as support at $ 81.79, there is an important rise in the last hour in most of the cryptos following the BTC that has crossed the important level of $ 7000. if the price can keep this level above $ 85.00 we possibly see it going up for the $90.00
Market sentiment
4-H chart technicals signal a Bullish sentiment.
Oscillators are in the overbought zone and pointing down.
Pivot points
R3 92.2300 R2 88.1647 R1 85.8910 PP 81.8257 S1 79.5521 S2 75.4868 S3 73.2131
BCH/USD
The price of the pair is performing a breakout of this bullish pennant pattern in this 1-H chart and seems to extend the rally higher. The price has crossed the important level of $ 800 and crossed easily the pivot R1 at $ 833 if the bulls continue to push we could see the pair easily testing the $ 850.
Market sentiment
4-H chart technicals signal a strongly Bullish sentiment.
Oscillators are in the overbought zone, showing buy signals and pointing up.
Pivot points
R3 932.4777 R2 872.1778 R1 837.0168 PP 776.7169 S1 741.5560 S2 681.2561 S3 646.0951
ETH/USD
The price of Ethereum is running behind the BTC in the last hours winning 2.8% in the last hour sitting now at $497 the buyer’s impulse is very strong and we could possibly see a prolonged raise in the next hours.
Market sentiment
4-H chart technicals signal a Strongly Bullish sentiment.
Oscillators are showing buy signals and pointing up.
Pivot Points
R3 526.63 R2 503.42 R1 491.12 PP 467.91 S1 455.61 S2 432.40 S3 420.10
Conclusion
Cryptocurrency News: This is an important moment for most of the alts, if BTC manages to stay above $7000, this could be the way to start a new and pronounced rise in the pair.
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Daily Crypto Review, Jan 13 – Block.One releasing EOS.io 2.0, Bitcoin back over $8,000 over the weekend.
Daily Crypto Review, Jan 22 – Companies abandoning Libra project, BNB on the rise