Cryptomarket going on to fall

January 29, 2019

Major cryptocurrencies are going on to fall, despite a range of positive news for some digital assets. So, in particular, several favorable messages have entered the market for Litecoin.

In particular, the creator of this cryptocurrency Charlie Lee said that he wants to focus the development of his project on the introduction of confidential transactions. In his opinion, now Litecoin lacks interchangeability, which distinguishes stable currencies. In addition, the cryptocurrency exchange of derivatives Huobi DM launched trading contracts on Litecoin. Now the clients of the exchange are available contracts for a week, two weeks and three months. Despite this positive news, the Litecoin rate at 11.00 per day decreased by 0.99% - to $ 30.1, with a total market cap of $ 1.8 billion.

Bitcoin by this time fell by 1.47% - up to $ 3,360 with a market cap of $ 59.7 billion. Ethereum fell in price by 0.58% to $ 102.7, its capitalization reached $ 10.9 billion, despite the fact that this cryptocurrency was in second place in the ranking of the best digital currencies traditionally made in China. The XRP rate dropped by 3.45% to $ 0.28 with a capitalization of $ 11.9 billion.

The total market cap has reached $ 111.4 billion. Financial experts still believe that the major cryptocurrency rates will go on their further downward movement. Bitcoin may drop to $ 3,300, Ethereum - to $ 100, XRP - to $ 0.26-0.27, in Litecoin - to $ 28-29.

Cryptocurrency: Litecoin

Technical Analysis in Cryptocurrency Trading
Technical Analysis in Cryptocurrency Trading

In 2019, cryptocurrencies can be called the most popular financial instrument. High volatility of tokens creates a good potential for obtaining super-profits...

Binance Coin Price Forecast
Binance Coin Price Forecast

Binance Coin (BNB), the native coin of Binance cryptocurrency exchange, is one of the rare coins that saw launch back in 2017, but reached its all-time high (ATH) in 2019. In fact, it is arguably...

XRP Price Forecast
XRP Price Forecast

XRP price has seen quite a lot of activity in 2019, both positive and negative. After reaching its ATH on January 4th, 2018, the XRP price crashed, and barely a month later, it was already below $1. By mid-2018, it reached...

Hong Kong Protests Inflate Bitcoin Price
Hong Kong Protests Inflate Bitcoin Price

It would appear that the definition of Bitcoin as a “revolutionary instrument” should now be viewed in a new context. The most dominant cryptocurrency is gradually...


Cryptocurrencies grow on the partial cancellation of advertising ban
Cryptocurrencies grow on the partial cancellation of advertising ban

On Friday, the main cryptocurrencies are actively growing, and Bitcoin has risen above $ 6,000 first since November...

Binance Coin rate dropped the most on hacker attack
Binance Coin rate dropped the most on hacker attack

The attack had a slight effect on the top ten cryptocurrency quotes, and the Binance Coin rate dropped the most. The largest cryptocurrency exchange, Binance...

Cryptomarket declines after hacker attack on Binance
Cryptomarket declines after hacker attack on Binance

On Wednesday, the main cryptocurrency is declining in price amid reports of a hacker attack on the Binance stock exchange on...

Bitcoin rose to the level of $6000
Bitcoin rose to the level of $6000

The sharp rise in the price of Bitcoin, which almost reached a key resistance level of $ 6,000, continued on Tuesday. Observers are confident that as soon as institutional capital begins...