Litecoin Cash, the first Litecoin fork is expected in 18th February; Ripple and Bitcoin Gold price prediction

  • Litecoin Cash presents itself as a faster, cheaper cryptocurrency, easier to be mined with a more simple technology than its competitors
  • Ripple stabilizes while awaiting new money inflows. $0.81 mark is the level to break to recover bullish strength

Litecoin Cash (LCC) has been introduced to the market after forking from Litecoin. This hard fork apparently offers some advantages that might be very attractive for the markets. Most of all, a certification speed of just 2.5 minutes instead of the usual 10 minutes. Moreover, LCC can be mined with technology that it no longer works for Bitcoins, cheaper and with less energy consumption. Litecoin holders will receive 10 LCC for each LTC they have.

XRP/USD awaiting a triggering event

Ripple is not capitalizing on the latest commercial agreements to loan its money transfer platform technology and it is currently trading lazy. Once the bearish trendline coming from all-time highs was broken, XRP/USD has entered a lateral movement, waiting for buyers or sellers to take control of the price action. Main support is located at the lower end of the current range, at $0.694, and if that is broken it would leave $0.569 as the last barrier before new falls. Above, the first target should be breaking above $0.81, which would open the doors for the bulls up to $0.85 before reaching the $1 level as the short-term target.

XRP/USD 4h chart


MACD is moving in parallel to the 0 line without breaking it at any moment. This kind of outlook is not positive for the bulls, as they lack space to try to go onto positive territory with enough strength to make a successful move.

Directional Movement Index is trading close to equilibrium levels, with a slight advantage for the sellers. This kind of technical setup usually gets solved because of external forces which might shake the price action and bring the trend back.

Bitcoin Gold keeps going up, rises 32% in less than 24 hours

Bitcoin Gold is 6% up today at the time of this writing, after spiking 25% up yesterday. The first resistance for BTG is located at $134.30, but the price has room to grow up to $143.50, an important bearish trendline. The level to watch on the downside is at $100. If that is breached, it would open the doors to more falls.

It seems that the time of altcoins created after hard forks has arrived. Bitcoin Cash yesterday and Ethereum Classic today, just as Bitcoin Gold, are being the main Cryptocurrencies on the bullish side.

BTG/USD 4h chart


BTG MACD is at the same point as Ripple, although with a very different technical outlook. Its inclination and angles are much better to attack the 0 line, with more probabilities of breaking above it successfully.

Directional Movement Index is also clearly better positioned, with buyers taking control and sellers retracing.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD rises toward after US retail sales miss estimates

EUR/USD is holding onto its gains above 1.21 after the US reported no change in April's retail sales, below 1% expected. The Control Group plunged by 1.5%. The dollar is falling across the pond. US Consumer Sentiment missed with 82.8, yet inflation expectations surged to 4.6%.


GBP/USD trades below 1.41 after US consumption data

GBP/USD is trading above 1.4050, benefitting from the better market mood. Sterling is shrugging off worries about the spread of new virus variants, which may delay the reopening. US retail sales missed estimates, causing jitters. 


XAU/USD rallies back closer to multi-month tops, around $1,840 region

Gold could be on the verge of a lower low, but the hourly time frame is key. The hourly support structure is guarding a break to test bullish commitments at 1,800. The 10-day EMA and confluence of the 50% mean reversion are also offering support. 

Gold News

Dogecoin bulls hold the key for 40% gains

Dogecoin price is at a pivotal point, resulting in a 40% upswing or 30% sell-off. A swift surge beyond $0.522 and a retest of this level confirms a bullish outlook. If DOGE slices through the $0.351, it will put an end to the optimistic narrative.

Read more

AMC Entertainment Holdings surges on triangle breakout, targets $14.54 and $20

AMC has done it again and in the process is stealing the GameStop crown. Supposedly a movie about the whole GameStop saga is in the works, but if AMC has its way it will be stealing the show. Coming to an AMC theatre near you: "AMC to the moon". AMC closed Thursday at $12.77 for a nice gain of 23.7%, thank you very much.

Read more