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German Analytics Company Publishes Technical Analysis on XRP Price: “It Should Not Go Below This Level”

Cryptocurrency analytics firm Makrovision has been praising XRP’s recent performance, claiming that the coin has been following its bullish predictions from Dec. 30 to perfection. The price of XRP has broken out of the bull flag formation, rising over 40% and approaching important historical highs. Macrovision’s analysis on Dec. 30 identified a bullish flag formation where XRP was in a consolidation phase, with the key support level at $1.96. The firm predicted a potential break above $2.65, signaling the start of a new rally. As of Jan. 15, XRP not only broke through the critical resistance of $2.65, but also broke above $3, a level not seen in years. The rally is taking XRP closer to its January 2018 high of $3.35, a significant turning point in its price history. Related News: US Consumers Sue the Most Talked About Cryptocurrency Platform of Recent Days for Losing Money Makrovision has identified the following critical areas for future XRP price movements: Resistance: The $3.35 to $3.46 zone remains a strong barrier. A sustained break above this level could carry XRP to higher Fibonacci levels with targets at $3.88 and $4.42. Support: The $2.65 level currently serves as a key support area. Holding this level could act as a launchpad for further upward momentum. However, a drop below $2.65 would prompt a reassessment of the bullish outlook. Makrovision stated that he was optimistic about XRP’s prospects, saying, “XRP executed our bullish scenario perfectly and could continue a strong upward move above $3.35.” *This is not investment advice. Continue Reading: German Analytics Company Publishes Technical Analysis on XRP Price: “It Should Not Go Below This Level” AMB Crypto

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Litecoin Surges 17% as Wales Accumulate on Spot ETF Hopes

Litecoin (LTC) prices have surged around 17% over the past 12 hours, propelling the cryptocurrency to an intraday and 4-week high of $118 during early trading in Asia on Thursday morning. However, LTC topped $140 during the December crypto rally and still remains down 72% from its May 2021 all-time high of $410. “Litecoin has decoupled from other altcoins,” observed Santiment, which added that, just like in early December, “the key driver appears to be whales and sharks holding at least 10,000 LTC. These entities have accumulated 250,000 coins since Jan. 9, it noted. Litecoin has decoupled from other altcoins, jumping +16.1% in market cap in just the past 11 hours. Just as we saw in early December, the key driver appears to be whales and sharks holding at least 10K+ $LTC . They have accumulated 250K coins since Jan. 9th. pic.twitter.com/zCmu7tGKJl — Santiment (@santimentfeed) January 15, 2025 Litecoin ETF Hopium The momentum has also been driven by hopes over approval of a spot Litecoin exchange-traded fund in the United States now that SEC chair Gary Gensler will be out of the picture. On Jan. 15, Canary Capital filed an amendment to its S-1 registration form with the securities regulator for such a product. “No guarantees – but this might be indicative of SEC engagement on the filing,” commented Bloomberg ETF analyst James Seyffart. NEW: @CanaryFunds just filed an amended S-1 for their Litecoin ETF filing. No guarantees — but this might be indicative of SEC engagement on the filing. Still no 19b-4 filing yet though (A 19b-4 would actually start the potential approval/denial clock) h/t @isabelletanlee pic.twitter.com/wFtNOmbmYx — James Seyffart (@JSeyff) January 15, 2025 “We had heard chatter that the Litecoin S-1 had gotten comments back from SEC,” added his colleague Eric Balchunas, who said that this “bodes well” for their prediction that a Litecoin ETF would be approved before a Solana ETF. “This looks to confirm that, which bodes well for our prediction that Litecoin is most likely to be the next coin approved. All that said, the new SEC chair has yet to start and that’s a huge variable.” ETF Store President Nate Geraci commented that it “would be something to see” if a spot LTC ETF was approved before an XRP or SOL fund, which are top six crypto assets by market capitalization. Don’t have much to add here other than ltc is like a top 25 digital asset by market cap… Would be something to see spot ltc ETF approved before xrp or sol ETF, which are top 6 assets. Like Eric says, all comes down to SEC chair. https://t.co/YuHg4l9bdh — Nate Geraci (@NateGeraci) January 16, 2025 Elsewhere on Crypto Markets Crypto market capitalization was up 3% on the day, largely driven by Bitcoin reclaiming the $100,000 price level again. BTC reached $100,700 in early trading in Asia on Thursday as it approached resistance at $102,000, last hit on Jan. 7. The only other crypto asset coming close to LTC’s performance is XRP, which rallied 13% to top $3 for the first time since January 2018. Ripple’s cross-border token hit an intraday high of $3.18 on Jan. 16, following a surge of 27% over the past week. Solana (SOL), Stellar Lumens (XLM), and Chainlink (LINK) were also performing well today, but Litecoin was leading the altcoin pack. The post Litecoin Surges 17% as Wales Accumulate on Spot ETF Hopes appeared first on CryptoPotato . AMB Crypto