Based on the information in the chat, the signal for LTC is bullish. This is because the chat mentions a spot trade with an entry at market price and targets of 86.44 and 90.72.
Ripple and XRP Await SEC Decision, Could Monday or Tuesday Bring Settlement News?
The status of Ripple (XRP) remains in limbo as the ongoing lawsuit with the U.S.
Securities and Exchange Commission (SEC) nears a potential conclusion. The SEC alleges XRP is an unregistered security, while Ripple argues it's a commodity similar to Bitcoin (BTC) and Ether (ETH).
A recent development came from a Ripple executive's statement declaring XRP a commodity according to the Howey Test, a legal framework used to define securities. This has fueled speculation of a possible settlement being reached by Monday or Tuesday of next week.
However, it's important to note that these are just rumors, and no official confirmation has emerged from either party.
Here's what XRP holders should consider:
Hold Until Clarity Emerges: The market is likely to react significantly to the SEC's decision. Holding XRP until the official announcement allows you to benefit from any potential price surge if the ruling favors Ripple.
Stay Informed: Closely follow reliable news sources for updates on the lawsuit's progress.
Consider Diversification: While the potential upside is significant, so is the risk. Having a diversified cryptocurrency portfolio can help mitigate potential losses.
Advice avoid future, can take a chance in Spot against these.
Trade Carefully: 3 Coins to Approach with Caution in Your Next Futures Trade
While the allure of high potential returns can be strong, some cryptocurrencies come with hidden costs or risks that can make them less than ideal for futures trading. Here are 3 coins to carefully consider before placing a futures bet:
$TRB (Troubled Reputation?): While TRB might seem enticing, its history of alleged manipulation and high volatility means its price movements can be unpredictable. This makes it difficult to accurately predict future prices, a key element for successful futures trading.
$GLM (Gauging Leverage Costs): GLM can be a valuable asset, but its high funding rates for futures positions can eat significantly into your potential profits. Before diving in, make sure you understand the full cost of leverage associated with GLM futures.
$UMA (Understanding Margin Costs): Similar to $GLM , UMA futures can be expensive to maintain due to high margin requirements. These requirements force you to put up more capital to hold a futures position, potentially limiting your buying power for other trades.
#ETFsvsBTC Bitcoin ETFs vs. Direct Bitcoin Purchases: Weighing Your Options For new users considering Bitcoin investment, navigating the two main options can be tricky. Here's a breakdown of Bitcoin ETFs and direct purchases to help you decide:
Direct Bitcoin Purchases
Pros:
Ownership and Control: You directly hold the Bitcoin, offering greater autonomy. You can transfer it freely and potentially benefit from future functionalities like staking. Potentially Lower Fees: Compared to ETF expense ratios, buying on an exchange might have lower upfront costs. Cons:
Security Risk: You're responsible for safe storage. Hacking or losing your private keys could result in permanent Bitcoin loss. Complexity: Understanding wallets, exchanges, and safe storage methods requires research and technical knowledge. Regulation: Regulations around Bitcoin are still evolving, potentially impacting ownership in the future. Bitcoin ETFs
Pros:
Convenience: Invest through your existing brokerage account, similar to buying stocks. Easier to manage and integrate into your portfolio. Regulation: ETFs are regulated, offering potentially more investor protection compared to unregulated exchanges. Security: You don't handle the underlying Bitcoin directly, reducing the risk of self-storage issues. Cons:
No Direct Ownership: You don't truly own Bitcoin but rather shares in an ETF that tracks its price. Fees: Expense ratios associated with the ETF can eat into your returns compared to direct purchases. Limited Functionality: You might not be able to access some functionalities like staking available with direct ownership. Valuable Insights for New Users:
Risk Tolerance: Bitcoin is a volatile asset. If comfortable with self-custody and managing risk, direct purchase might be suitable. If you prioritize ease of use and potentially lower risk, ETFs could be a better fit. Investment Goals: Are you looking for long-term exposure to Bitcoin's price movements or interested in the technical aspects and potential future functionalities? This can guide your decision. $BTC #Write2Earn
#wif Whale trading volume in WIF perpetual contracts dropped significantly by 74.32% within that 30-minute window. At the time of the data capture, the long to short ratio was 4.7:1, indicating more longs than shorts. The price of WIF at that time was $3.17.
SOL In contrast, whale trading volume in #SOL perpetual contracts surged by 356.50% during the same period. The long to short ratio was even higher at 10.2:1, suggesting a strong bullish sentiment among whales. The price of SOL at that time was $153.16.
$BTC $ETH $$BNB Market overview is very good, not much to say if you are a long term holder. BTC is fluctuating with a 5% amplitude and ALTs should not be traded at this time. Buy more in spot with BNB, BTC, ETH and chill ✅
$AVAX Analysis $AVAX #AVAX , another dinosaur during the big drop in October. It still have good profits, despite the drop in March this year. It seems to me that AVAX is another one where we have reached an important point.
I don't see these big altcoins here entering prices from their lateralization channels from last year, so It believes that the green band here on the chart is the support that will hold back and consequently bounce soon.
It seems that many people worry that it could fall here to USD 21, but It don't see that possibility being real... because that would imply a further drop of -37%, so it would have to see Bitcoin plummeting quickly and more Still, his dominance is rising, which doesn't seem to be the case here.
Its priced well below that point, so won't buy here, but it don't see much reason for people who aren't positioned and like this...to continue waiting for such a lower price.
#avax when it started to jump, I'm coming back to it again to point out reasonable prices, which you just need to wait for your purchase configuration and enter.
Positive developments could influence further price gains, while negative news might cause a pullback. Check trading volume. High volume suggests strong momentum, while low volume might indicate a potential stall or reversal.
Trend: Bullish with some caution. Price: $PEPE might retest the support level between 0.000007600 - 0.000007800. Technical Analysis: The 4h chart suggests a bullish flag pattern that could push PEPE to 0.0000010000 upon breakout. However, this breakout might be weaker than anticipated due to the overall bearish sentiment in the market. Recommendation: $PEPE still holds potential for short-term gains, but consider exercising caution due to the broader market trend.
$BTC is currently trading around $63,735, a slight increase of 0.01% in the last 24 hours [CoinDesk]. Over the past week, BTC has gained 1.67%, but it's down 5.44% compared to the beginning of May [TradingView]. Despite the recent dip, Bitcoin is still up significantly over the past year, with a gain of 121.94% [TradingView].
Market Sentiment:
The sentiment around Bitcoin is mixed. Some analysts, like Arthur Hayes, believe the recent correction is over and expect a slow and steady climb in the coming months, with the price potentially ranging between $60,000 and $70,000 [CryptoPotato]. Others, however, remain cautious due to factors like the upcoming $2.4 billion crypto options expiry event and the recent outflows from the BlackRock Bitcoin ETF [CryptoPotato].
Advice: Wait unless BTC finished correction and show clear 🐂 or 🐻