The Currency Analytics
By Dan Saada
Reports are doing the round stating that China has been removing several online posts which have been claiming that the blockchain technology is a scam.
Several advertisements are seen showing blockchain courses on popular apps and social media on Chinese websites.
A few months ago, Dorsey, stated he would be paying developers to work full-time on the core technology of the Bitcoin and in several other cryptocurrency ecosystem projects.
Dorsey stated in a recent interview, “I believe the internet will have a native currency […] I don’t know if it’s Bitcoin, [but] I think it will be given all the tests it’s been…
The quest for the cryptocurrency to gain recognition as it continues towards mainstream adoption is supported by investors who are desperate to see mainstream adoption.
It seems that Dorsey is putting his money where his mouth is.
Bitcoin is looking to test the 9K again. The consolidation low for the Bitcoin is currently at 8,917, which is below the 9K support level.
Ethereum has been gaining momentum. And it has been trading well above the support price level at $188.
The MACD for ETH/USD is in the bullish zone. The RSI for ETH/USD is correcting lower. It will test the $55 level.
Litecoin has regained a negative medium-term outlook. Bearish heads and shoulders patterns are seen in the 4-hour time frame.
The short-term technical analysis signals that the LTC/USD pair is technically going bullish in the short-term.
An upward rally of 40% is required from the current trading levels. There has been a lack of bullish pattern on the higher frames, which indicated that this could prove…