In the last 24 hours, one
major price decline has placed the Litecoin near $65 all the way from
$75. LTC coin, in total, has shown four significant swings.
to USD Price Analysis
A large part of yesterday
was consistent for Litecoin. The first swing for the Litecoin was a
slight rise of 1.39% between 02:37 UTC and 06:38 UTC. It placed the
coin at $72.81. However, the biggest event of the day started at
16:02 UTC and over the next 2 hours and 12 minutes, it made the
Litecoin lose a whopping $7.54 and pushed the LTC price to the lowest
of the day at $64.74. The next few hours saw some marginal hike, and
it gained 3.68% by 23:32 UTC to reach $67.09. The last swing of the
Litecoin for the day happened between 23:32 UTC and 02:40 UTC, it
deducted $1.48 from the coin, and the current value is roaming around
Litecoin Price Chart by TradingView
has taken an unexpected move, and this has shocked the whole market.
There is no visible sign of quick turnaround of Litecoin price. In
the short-term, LTC coin may take the shelter of the next support at
Here are the details of
the next probable resistance and support levels:
In a recent
blog post, Mark Russinovich, CTO, Microsoft Azure has mentioned that
Confidential Computing Consortium will define and accelerate the
adoption of confidential computing. Microsoft joins Google, Intel and
other founding members like ARM, IBM, Red Hat, Tencent, Swisscom,
Baidu, Alibaba to form the Data Protection Consortium. Linux
Foundation will host this new organization.
following companies will collaborate and work together to form an
open-source technology and frameworks. This technology will help the
organizations to work on their data sets without giving any access to
their data. It will help in gaining shared insights and innovating
new technologies together.
three types of data exposure that needs to be protected. One of them
is the data when it is in rest. The second of them is when the data
is in transit position. The third and most critical one is when the
data is in use. This type of data is also called confidential
protection of data in use means that during the computation, the data
is invisible in unencrypted form to the authorized code to access it.
It also means that it is inaccessible to the public cloud service
providers or edge device vendors. Confidential Computing Consortium
will provide the solution to make the data private from the edge to
the public cloud all the way.
develop such technology to deal with the protection of data is in
use, all the organizations will work together. Like, Microsoft
provides its framework to write the code which will be run inside the
trusted execution platforms. Intel will protect the code at the
hardware level. On the other hand, Red Hat will abstract the secure
environments to create as well as run private applications without
the server. So, each one of the collaborating companies will
contribute somehow in protecting the confidential computing data.
Computing Consortium is a public commitment given by Microsoft to
protect the data, but there is a need to do a lot of work on
Confidential Computing Consortium, i.e. CCC. It is a difficult and
essential task to secure the data as it plays a major role in the
safety of an organization. People are waiting for such innovation and
development of technology that can help millions of individuals as
well as companies in protecting their data.
“We see cryptocurrency donations rise
along with increases in the value of cryptocurrencies in the
marketplace,” said a company representative.
Amy Pirozzolo marketing head of
Fidelity Charitable said that offloading of crypto has decreased as
it is facing a down road. Due to which people who used to offload
them as charitable assets has also decreased. This decrease is mainly
caused by the diminishing value of tax deductions provided to the
donors for their charity.
Pirozollo also talked about the working
of the company. In which she told about “give their most
depreciated assets first” concept. They encourage them (donors)
to invest such items so that they can receive the best tax
Pirozollo added on by saying, “One
thing we’re committed to being helping donors choose the most
tax-efficient asset to give to charity,”
“The majority of our contributions to
date have been bitcoin, however we have also seen growing numbers of
donations in ethereum.” said company’s representative.
This report also showcased that the
company accepts assets in the form of bitcoin and litecoin.
Fidelity Charitable also announced
about its acceptance of the digital asset XRP Back in May, and
Fidelity stated on Twitter that it would take donations in XRP.
The short-term trend in VeChain is bearish. Avoid trading at these
levels. However, go for buying for a good return in the long term.
recently took part in OceanEx Germany Cryptocurrency Meetup. It was
held successfully at FSBC and was attended by more than 200 crypto
professionals and enthusiasts. The dignitaries shared information
regarding the most hard-core blockchain technologies.
July 29, at UTC 12:08, VeChain (VET) vs USD was trading around
Bitcoin, the crypto was valued around 0.00000059 BTC per chip.
present, the market rank of VeChain (VET) is 32nd
in the cryptocurrency chart.
the market capitalisation of the cryptocurrency was around
the same time, the 24-hour trading volume in the altcoin was
an ROI of -62.76%, the number of VeChain chips circulating in the
market, at the above mentioned time, was 55,454,734,800 VET.
On July 04, VeChain (VET)
was trading around 0.00782836 USD. However, today after 25-days, the
cryptocurrency is trading with a decline of 28.62%. Similarly, in the
weekly trading, the altcoin has gone down by 8.40%, from the level of
0.00612129 USD on July 21. Nevertheless, the crypto has shown a
stable movement in yesterday’s trading. After opening at 0.005669
USD, it closed at 0.005661 USD, with a marginal decline of 0.15%.
Amidst the bearish market,
VeChain (VET) has shown some stability. And expected to move toward
the upper side of the chart. As per our prediction, VeChain (VET)
might trade around 0.01 USD by the end of the year. The immediate
resistance for the coin is at 0.0057634 USD and the support level is
at 0.0055164 USD.
Germany is a big market
for crypto with a lot of potentials. Earlier IOTA chain tried to
penetrate the German market through collaborating with various
automobile companies. And the partnership helped the crypto in
strengthening its grip on the market. VeChain seems to be following a
similar strategy. The foundation is expecting a similar result like
IOTA chain. As per our analysis, it will most probably make some
market movement in the favour of VeChain (VET).
The overall trends are flat but moving slowly toward the upper side
of the chart. Holding VeChain chips at present is recommended.
The San Marino Republic
recently adopted blockchain technology and signed a memorandum of
understanding with VeChain Foundation to become the first
carbon-neutral country. The partnership will mutually benefit each
other. While VeChain will help San Marino to develop, promote, and
deliver a full ecosystem of technological innovation, it will also
help VeChain in extending its market reach.
VeChain Price Analysis
& Future Forecast-
On June 28, VeChain price
was trading around 0.00761296 USD. However, over the period of
25-days, the altcoin has shown a decline of 23.1%. However, weekly
trading portrays a contrary story, where the altcoin has gone up by
13.32% from 0.00517114 USD on July 17. Yesterday was also a good
trading day for the crypto. It opened at 0.006092 USD and with a
strengthening of 2.05%, wrapped the day at 0.006217 USD.
Just like the rest of the
market, there is a bit of slowdown in the altcoin at present, but
VeChain is making some stable action, and that’s the good news for
the investors. As per our prediction, VeChain (VET) will trade around
0.015 USD by the end of 2019. The immediate resistance for the VET
coin is at 0.006402 USD, and the support level is at 0.00572 USD.
The recent partnership is a much-needed push for the altcoin, and its effect can be seen in today’s trading. The Market Capitalisation and trading volume of the altcoin have also increased from yesterday’s level. The coin has a flat trajectory at present, and investors should hold VET coins at these levels.
Electroneum seems to mark its territory
in the charity trust as well. After 2008, the trust in the charities
has dropped from 67% to 55% already. But with the innovations like
Electroneum, the donations might be realized in the same field again.
It seems like a noble through at the
end of ETN community and might bring some credibility and loyalty
form the users in the network soon.
The value of ETN is currently trading
at $0.005374 at 07:17 UTC time on 19th July 2019. In past
5 days, the lower value was seen on 14th July at 14:15 UTC
time trading against 0.00000052 BTC value. The value increased by
15.29% on 15th July at 17:15 UTC time trading at
0.00000060 BTC value. However, the lowest touchdown was seen on 17th
July at 18:50, when the value dropped by -16.62% trading against
0.00000050 BTC value. Yesterday, the value saw a slight escalation by
10.14% at 10:30 UTC time with the trading value of 0.00000055 against
BTC value. However, that value is dropped by -7.25% as of now.
Prediction and Conclusion
Sliding in the slight bearish, ETN might reach to pivot point soon. However, ETN still lacks new partnership with exchanges, only then they will gain the real visibility in the capitalization. As of now, they were thrown away from top 100 ranking, hope to see some escalations to get back in the game soon.
The calculated resistance support that
traders might want to consider is as follows:
Pivot Point: 0.005493
By end of 2019, let’s hope to see
some flying valuation of $0.01 in ETN chart.