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CORE

Litecoin (LTC) Core 0.17 will make it x10 cheaperFollowing our previous idea on Litecoin, where Blockstream announced about the LTC potentially joining the Liquid network, now there are even more good news. Litecoin client release is on its’ way, which was announced on the official Medium blog page of the Litecoin Foundation. LTC Core 0.17 will introduce a faster and cheaper Litecoin, with a very low transaction costs, which can be compared of that in 2015. Below is the quote of the official announcement: "The average transaction fee as it stands on the network is L0.001 per KB or ~$0.05. With the announced changes that will soon become L0.0001 per KB or ~ $0.005, half a cent and back at 2015 levels." This is huge for the Litecoin, because transaction costs will be literally reduced by x10. It’s actually almost inline with the recent Monero announcement, where they recently reduced the transaction cost by 97%. The reaction to the news announcement was taken very positively by the market. You may ask how come?; LTC hasn’t gained much, in fact, its moving very slowly! But let’s take a closer look at the price development. According to our previous idea on LTC/BTC, Litecoin has reached the support level at 427.2% Fibonacci retracement level, rejected it and started to move north. By looking at the chart, it is clear that LTC/BTC has produced a double bottom near the etc 0.007 area. After the price bounce, it reached the and broke move the 23.6% fibonacci resistance, which currently acting as the support. The RSI oscillator trigged a buy signal while breaking above the downtrend trendline. So far price action is being very positive, while showing the potential for more growth. As long as Litecoin remains above the 0.00795 support, bullish momentum should be increasing. At some point price will reach the 0.008 resistance area, and if broken, next stop will be near btc 0.009. But in any case, investors will be paying attention to the etc 0.0076 support, where double bottom has been formed. If support will be taken out, LTC can drop down to 0.0073 area. Nevertheless, the timing for buying LTC could be just about right for some investors. And combined with a relatively cheap price, large buyers might start getting involved in LTC trading. As the downtrend is dominated, the risk will remain very high, although the rewards could be much higher. Please do not consider this article as a call to buy LTC, but look at it as a map, which may help you to trade Litecoin more effectively.
by CryptalDash
BITCOIN POTENTIAL SHORT: BEAR FUNDAMENTALSThis is a sad moment for Bitcoin. And probably for whole crypto-market. We've seen bullish exhuberance on altcoin markets , where major alts (DASH, ETH, XMR) gained an 100% in average last 7 days. And they gained much more at their peaks. These are the actual numbers against BTC since bitcoin ETF rejection: XMR +155% ETH +295% DASH +265% And other minor alts also grew A LOT against btc. We've seen this before. Prior the great bear market in BTC at the end of 2013 begining of 2014. This could be bitcoin whales manipulating the small altcoins markets to squeeze as much bitcoin as possible prior the bitcoin bear market. Or in the best case scenario (unlikely in my opinion) a migration from BTC to other solutions . And we have some important bear fundamentals : Bitcoin ETF was rejected . Basically the SEC told us that bitcoin markets are not regulated, and so, easily manipulated and not elegible for american regular investor. Source . A potential non-friendly hardfork is more real than ever . The relations between Bitcoin Core and its community and Bitcoin Unlimited and its community are more tense than ever ( source ). Recently BU nodes were attacked ( see sharp nodes drop ), and the whole BU team made fun off ( source ). Even after those problems, currently BU scalability solution (hard fork to bigger blocks) is signaled by +32% of the hashrate, while Bitcoin Core scalability solution (SegWit) is signaled by +27% of the hashrate ( Source ). Bitcoin Core community won't ever accept Unlimited solution, and viceversa. And what is worse, important people in the bitcoin world are already considering/planing how to list/treat two potential bitcoins. ( source ) PBOC preparing highly STRICT regulations . There is a draft, not approved yet, suggesting mandatory in person verification prior first deposit/cashout. (Sources: 1 , 2 , 3 , 4 ) Bitfinex hacked coins apparently on the move . ( Source ) I have my opinions about this Bitcoin Core/Bitcoin Unlimited war, but i think they are irrelevant. What is relevant is that something MUST be done . And splitting bitcoin in two different chains IS NOT AN OPTION . The bigger bitcoin is, the most difficult finding a solution will be. This has been delayed too much. And it has a huge negative effect: people could start thinking that a decentralized governance IS NOT POSSIBLE. As bitcoin is proving unable to reach consensus for years, and what is worse, this consensus seems more difficult each day. And this seems to be simplified to a big disconformity about what is bitcoin. ¿Is bitcoin a currency/payment method or is bitcoin a store of value? If even early adopters and leaders of the community can't agree on this, then bitcoin's future is doomed. All this makes me feel quite unconfident of bitcoin ability to hold it's current market cap. I personally sold 40% of my cold storage (~$300 avg buy price) into fiat at 1200. And now i am opening a short. I am laddering my short entry, 1130-1150-1170-1215-1250. I will stop this short once i see the scaling debate/potential hardfork finding a friendly solution.
BITSTAMP:BTCUSDShort
by bagofXMR
59
Short DASHDASH price has become MASSIVELY over-inflated into a giant bubble which has now burst. Yesterday Bitfinex added BCC and BCU tokens to allow traders to speculate on the future price of BTC and BTU respectively (these tokens will then be fully-convertible post-fork). Currently BCC (BTC) is surging ahead. This will lead to downward pressure on DASH which has been boosted in price partly as a speculation on BTC price crash. It now looks likely that a hard fork will result in BTC maintaining a healthy price and market dominance and thus the bullish exuberance in Alts is near to run its course.
Short
by CryptoCoinNomad
Long-Term Decision PointI'm not going to make a call either way on this one but we should be able to clearly see the choice that is made within the next few days. The price has returned to that orange resistance trendline that forced it out of its purple channel late last year. On the RSI, we can see that the orange resistance trendline is potentially going to be broken. Failing that, a bearish divergence would be produced and it might be some time before the price attempts to break this trendline again. On the other hand, if the bullish scenario happens, we could see some seriously bull action in the medium to long-term.
BITSTAMP:BTCUSD
by K155MY4R53
3
Bearish Forecast Becoming Reality Sooner than ExpectedIt looks like we're coming in for a third contact with the lower mid-term support when every other contact with these purple lines has been a single touch before traversing to the other one. It seems obvious that the orange resistance is coming into play even though it's a good distance away from the current price. The RSI has broken down from the steeper gradient that I predicted, however, I don't think we'll see fireworks before it breaks that second, lower gradient that was actually in play rather than just predicted. The price has been propped up for almost a week by that long-term 0.236 (372.74) fib retracement. That looks like it's about to yield with the price getting intimate with it as I type. Once broken, I'd forecast a fairly strong bounce off the mid-term 0.5 (364.27) fib retracement and mid-term support (purple) before meeting resistance from the fib lines and finally breaking that mid-term support. However, if the RSI manages to bounce off that second gradient, there could be some upside left in the coin yet. Buckle up.
BITSTAMP:BTCUSDShort
by K155MY4R53
3