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• Litecoin remains bullish in the short-term while price trades above the pair’s 200-period moving average on the four-hour time frame
• The four-hour time frame is showing a bearish double-top pattern weighing on the LTC / USD pair
• The daily

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• Ripple has a bearish short-term trading bias, with the cryptocurrency falling below its 200-period moving average
• The XRP / USD pair has a neutral trading bias over the medium-term
• The daily time frame shows that a breakout from the ascending triangle pattern is nearing

Ripple / USD Short-term price analysis

Ripple has a bearish short-term trading bias

Horizen Labs, a blockchain tech company which builds DLT sidechain solutions, has just announced the completion of its seed funding round.  Led by Digital Currency Group (DCG) Liberty City Ventures, and independent investors, Horizen was able to raise over $4 million in capital, twice as much as the startup had hoped for.

Horizen aims to offer blockchain enhancements to companies seeking to leverage DLT without months of development or breaking the bank.

Qtum, a blockchain token for dApps and smart contracts, is now available for trading on Quantfury, a mobile trading app supporting several cryptocurrencies and other investment assets.

According to a joint announcement, Quantfury offers assets at exchanges’ best bid and ask prices with no commissions, leverage fees, or maker and taker fees. Instead, Quantfury uses its own trading strategies by leveraging machine learning software and analyzing user data.

Coinbase has announced new debit cards, allowing users to spend Bitcoin, XRP, Litecoin, and Ether directly from the users’ Coinbase account. The new “Coinbase Card,” to debut in the United Kingdom, will allow holders to spend their favorite cryptocurrencies “as effortlessly as the money in their bank.”

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• Bitcoin has a neutral short-term outlook, with the BTC / USD pair at risk of a deeper technical correction
• The BTC / USD pair’s medium-term outlook remains bullish, with the cryptocurrency recently hitting a fresh 2019 high
• The daily time frame is showing that critical support is found at the $4,650 level

Bitcoin / USD Short-term price analysis

Bitcoin

The arrest of Wikileaks founder, Julian Assange, could have prompted the crypto market slump today.

At least that’s one of the theories for today’s $16bn drop in the overall value of the market. Beginning in the early hours of this morning, crypto prices across the board have so far fallen by 7.1%. While that may sound like a stretch, it’s not even the craziest theory we’ve heard this month.

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• Ethereum retains a bullish bias in the short-term, with the ETH / USD pair still trading well above its 200-period moving average
• Ethereum has a bullish medium-term outlook while trading above the $152.00 level
• The daily time frame still shows the bullish inverted head and shoulders pattern with a target of $230.00

Ethereum / USD Short-term price analy

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• Tezos remains bullish in the short-term, with the four-hour time frame showing an inverted head and shoulders pattern
• The daily time frame shows that the XTZ / USD pair is trapped within a bull pattern
• The XTZ / USD pair is now testing the 50 percent Fibonacci retracement of the current yearly low to the October 2018 swing-high

Tezos / USD Short-term p

A Bermuda-based technology company has just announced its initial coin offering, with the official blessing of the local government. Velocity Ledger Holdings Limited, a Software as a Service (SaaS) company based in Hamilton, has been approved by the Ministry of Finance to launch the tokensale, the company said in a press release.

Velocity Ledger says that funds raised during the coin offering will be distributed to two subsidiary companies, in order to build blockchain infrastructure.