Up next

Bitcoin News #26

Bitcoin & Litecoin Are Consolidating For A Few More Months Before Their Next Move Higher?

Published on 02 Oct 2018 / In Litecoin

Bitcoin failed to stay at or above $20k and Litecoin failed to stay at or above $400, in their first attempts at breaking through those prices. While many bearish articles and commentary in the mainstream media talk about other crypo currencies overtaking Bitcoin, is Bitcoin (and Litecoin) merely consolidating in a trading range for another few more months before its next move higher?

Or, have Wall Street Bitcoin futures contracts https://www.zerohedge.com/news..../2018-01-07/bitcoin- and HFT Trading algorithms captured the Bitcoin market and will cap the prices like paper gold and silver markets?

Bitcoin appears to be consolidating between $13,000 and $17,000 per coin while Litecoin appears to be consolidating between $214 and $320 per coin. Remember that Ethereum failed to stay above $400 per coin in June 2017 and it took Ethereum about 5 months of consolidating in a trading range in order to break out above that.

Will Bitcoin and Litecoin repeat a similar breakout to Ethereum, which is now making new all time highs?

If you lack the capital to buy Bitcoin (or Litecoin) researching and doing your own due diligence on 2 large Bitcoin miners such as Hive Blockchain Technologies https://www.hiveblockchain.com/ and MGT Capital https://www.mgtci.com/content/....vision/bitcoin/index is probably a good idea. Both companies are not far off from generating serious free cash flow mining Bitcoin and can make good money at the current Bitcoin price.

Also, feel free to submit in the comments section of this video questions for Chris Coney, founder of Cryptoversity https://www.cryptoversity.com/ and host of the Cryptoverse podcast https://www.cryptoversity.com/podcast/

Please visit the Wall St for Main St website here: http://www.wallstformainst.com/
Follow Jason Burack on Twitter @JasonEBurack
Follow Wall St for Main St on Twitter @WallStforMainSt

Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst

Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/po....dcast/wall-street-fo

If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website.

Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: wallstformainst@gmail.com

Show more
0 Comments sort Sort by

Up next

Bitcoin News #26