Litecoin, EOS, Stellar, Tron, IOTA Technical Analysis: eToro Analyst “Very Bullish” on Litecoin (LTC)

Undeniably, the positive correlation between altcoins as Litecoin, EOS and Bitcoin price is dragging to say the least.

What that means is that when BTC drops in value, altcoins follow suit but there is a little bit of loss amplification.

Nevertheless, research findings from eToro indicate that there is gross undervaluation of Litecoin (LTC). Could this be a signal to buy-hold?

Let’s have a look at the charts:

EOS Technical Analysis

From the News

  • Undoubtedly, Huobi is known world over especially after that mini-hack sometimes in mid-June. As a global exchange, EOS is available for trading. The good thing about it is that traders or merchants can transact free of charge. On the other hand, advertisers will have to pay a 0.2 percent ad fee for exposure.

  • For the nth time, traders cannot withdraw their EOS from Binance. The crypto exchange platform is citing wallet maintenance as an excuse. But, this isn’t boding well with the community since they claim Binance is trying to manipulate the EOS market by allowing deposits only. Anyhow, possible reasons for this could range from regular wallet maintenance, upgrades or addition of more features on their wallets or a potential hack. We can just speculate.
  • Power Ledger will participate in EOSHackton that will take place in Sydney according to EOSphere-Australia. Are these subtle hints of a possible switch from Ethereum to EOS?

Technical Analysis

Risk-reward wise, it’s tricky to liquidate EOS and sync with the market. Well, there are reasons to sell and one of them include that $1,000 erosion of BTC valuation is the last three days or so.

However, while this is enticing, we should consider our EOS trade plans and trade with it. As mentioned in previous EOS technical analysis, sellers will be in charge once they close below $7. Before then, we shall retain a neutral to bullish stand.

Litecoin (LTC) Technical Analysis

From the News

  • Relative to its market cap, Litecoin has the largest number of daily active users (DAUs) and transaction volumes than any other coin. This means the coin is not only popular but it is also active. This might be the reason why most businesses as CheapAir accepts LTC as pay and is available at several POS providers as Wirex. These and many other pointers hint of utility and value. Seeing this unveil, eToro’s Greenspan thinks that there is an undervaluation in Litecoin.
  • Crypto.com previously Monaco, is the latest cryptocurrency platform to support Litecoin and three other coins according to their latest tweet. By availing Litecoin, the platform said they were “transforming it into a go-to, intuitive platform

Technical Analysis

Our Litecoin trading plan is pretty much constant. As sellers continue to wreck havoc on price, aggressive traders can always short on pull backs with immediate first targets at $70, our main support line.

However, in line with our Litecoin (LTC) technical analysis, risk-on traders can wait for conclusive moves below $70 before loading their sells.

On the reverse side, odds of Litecoin’s rapid gains are slim to none but $90, the upper limit of this $20 trade range is our buy trigger.

All that is needed is a breach invalidating that bear break out pattern set on course by June 10 bear candlestick.

Stellar Lumens (XLM) Technical Analysis

From the News

  • By collaborating with Lightyear.io, SharesPost shall add Stellar as an exchange location in their Global Liquidity and Settlement System (GLASS) initiative. Overly, this would be positive for tokens available at Stellar DEX as they will find exposure in global markets and be settled as long as they are complaint in any jurisdiction.

Technical Analysis

As before, we shall maintain our bullish stand and sync with the last two weeks high volume higher highs.

It’s pretty simple to see why: the last five bear candlesticks rejecting higher highs candlestick volumes pales in comparison to the last two weeks daily averages.

As such, we shall interpret this as a lack of conviction by sellers to tow in and that by extension means Stellar Lumens bulls stand a chance.

Besides, we didn’t see a follow through yesterday. As a matter of fact, XLM prices were oscillating within July 1 high lows.

Tron (TRX) Price Analysis

From the News

  • The Tron Foundation is releasing their first Android version of their TronWallet to users. With the wallet, users can easily transact in TRX, participate in mainnet token sales and even vote for super representatives straight from their mobile phones.

Technical Analysis

Technically Tron (TRX) prices are on a ledge and about to capitulate should sellers shove below 3.2 cents, our intra-range sell trigger.

3.2 cents is July’s low and should there be a breach today, then we recommend Tron (TRX) traders to short at every retest with targets at 2.5 cents.

For recovery, our Tron (TRX) technical analysis dictates that prices must trend above 4 cents but as we can see—and unless otherwise—that is simply too steep for TRX buyers.

IOTA (IOT) Technical Analysis

Admittedly, sellers are leading the charge but what is encouraging for IOTA investors is that prices are yet to close below 90 cents.

As highlighted in our IOTA Trade plans, we need to see a high volume thrust below that sell trigger line before we initiate shorts and trade with that sell impetus set by June 22 bear candlestick.

Otherwise, we remain neutral keeping in mind that the longer IOTA price accumulates/range the stronger the break out.

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

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Bribes behind Qatari plane’s UN parking spot

Author: 
AP
ID: 
1533167005616273900
Wed, 2018-08-01 (All day)

NEW YORK: A supervisor at New York’s Kennedy Airport took bribes and broke security rules to let Qatar and other countries park their planes overnight during the UN General Assembly over the last five years, prosecutors said.
Marlene Mizzi, 54, was indicted Wednesday on charges of receiving a reward for official misconduct.
Joseph Jourieh, 58, a travel coordinator who works on behalf of the Permanent Mission of the State of Qatar to the United Nations, also was charged. He is accused of giving Mizzi meals, limo rides and a watch.
They each face up to four years in prison if convicted on the top counts. Information on their arraignments and lawyers wasn’t immediately available.
Mizzi was suspended in June from her job as assistant duty supervisor at the airport. Prosecutors said she had worked for the Port Authority of New York and New Jersey, the public agency that runs the airport, for 35 years. The alleged scheme started in 2014.
“Today’s indictment will serve notice to all Port Authority employees that the agency will not tolerate violations of the public trust or any other corrupt acts,” Port Authority Inspector General Michael Nestor said. Qatar’s mission to the UN didn’t immediately comment.
New York Attorney General Barbara Underwood said Mizzi didn’t have proper approval to make exceptions to a rule prohibiting foreign state aircraft from parking overnight. During the annual General Assembly gathering in September, airport rules require that foreign state aircraft depart within two hours of arrival.
Mizzi allowed numerous Qatari planes to stay overnight, sometimes for days on end, the indictment said.
In addition to Jourieh’s gifts, prosecutors said Mizzi received gifts for giving special treatment to other countries. Sometimes representatives of those countries would personally deliver the gifts to her on airport property. Prosecutors did not identify the other countries involved.
The Port Authority said its ethics code includes a strict zero tolerance policy prohibiting payments, gifts, meals or transportation from anyone doing business or likely to do business with the agency. Former Port Authority chairman David Samson was sentenced last year to home confinement for pressuring United Airlines to restart a money-losing flight to South Carolina, near where he has a second home. The flight was derisively dubbed “The Chairman’s Flight.”

Main category: 

Qatar’s Ooredoo profits plungeQatar’s World Cup bid used ‘black ops’

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Tunisia: Medicine shortage triggers campaign against ‘Minister of Death’

Tunisia is enduring a crisis because of a shortage of medicines over a period of several months. Recently the Tunisian Society of Cardiology and Cardiovascular Surgery has declared that it won’t be able to carry on performing open-heart surgeries without the Protamine sulfate.

A great deal of Tunisians’ anger has been directed at Health Minister Emad Al-Hamami. Recently, the audience at the Carthage Theatre in Tunis forced the minister to leave when he was attending the concert of Lebanese artist Marcel Khalifa with his family. They raised banners reading “Dégage!” (leave). (This was the same term used by Tunisians during the January 2011 revolution to expel former President Zine El Abidine Ben Ali).

During the concert, the audience raised banners reading “Release Medicines,” “A Failed Minister” and “Leave”. This demonstration was propelled by the medicines crisis and the disappearance of a large number of critical medications from various pharmacies in the country and the central pharmacy.

According to local media outlets, the audience described Al-Hamami as the “Minister of Death”. Activists called on the minister to resign and leave his office to someone who is more competent and caring about the health of Tunisians. They described him as “the worst minister that the ministry has ever had.”

Read: 40 migrants arrive in Tunisia after 20 days at sea

The outcry in the Medical sector

Pharmacists and doctors called for help because of the loss of critical medication and the depletion of stocks for a large number of other medicines.

Rachad Qarah, Secretary-General of the Tunisian Pharmacists’ Syndicate, told Al-Khaleej Online that they had monitored the loss of some medicines and called on the relevant authorities to find a solution. He said that “we should not spread fear and panic among patients who have bought large amount of medicines they need.”

He asserted that the central pharmacy had promised to find a solution to the crisis within the next three days at the latest. He also criticised at the same time the few quantities it is providing.

Referring to the acute shortage of medicines, Qarah stated that it was mainly due to the country’s current social crisis, which affected the National Disease Insurance Fund like the majority of public institutions.

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Russia Reports 15% Increase in Number of Crypto Mining Companies

Russia Reports 15% Increase in Number of Crypto Mining Companies

The Russian crypto sector is expanding. The number of businesses operating mining facilities has increased this year, more Russians own cryptocurrency. Data confirming these trends has been presented by the country’s crypto and blockchain association, which also warned that delayed embrace of digital financial technology costs Russia a trillion rubles each year.

Also read: Swissquote Reports 44% Increase in Profit After Adding Cryptocurrency Services

75,000 Businesses Mine Cryptocurrencies in Russia

Russia Reports 15% Increase in Number of Crypto Mining CompaniesThe Russian Federation, a vast country rich in energy resources including cheap electricity, has what it takes to become a major crypto mining destination. Recently released statistics show that this modern sector of the economy is rapidly developing.

The number of crypto mining companies has increased by 15% in H1 2018 to a total of 75,000, according to the Russian Association of Cryptocurrencies and Blockchain (RACIB). Quoted by the Prime news agency, the association’s president, Yuri Pripachkin, summarized:

According to the results from the first half of this year, the number of mining enterprises in Russia has increased by 15%, to 75,000. The mining industry already employs 350,000 people. As of July 2018, Russia accounts for about 6% of the world’s mining market, which is 1% more than a year ago, while the US and Canada hold the leading positions.

Pripachkin shared the numbers with reporters on the sidelines of the first meeting of the Council on the Digital Economy of the Federation Council, the upper house of Russia’s parliament. Not everything in his comments, however, sounded optimistic. RACIB’s president warned that Russia actually risks missing the opportunity to become a digital financial leader. He stressed that “digital money is already a given” and Russia’s delay in accepting and adopting it “means a loss of investments of up to 1 trillion rubles a year” (>$15 million USD).

To prove his point, Yuri Pripachkin quoted a Morgan Stanley report, according to which the top five countries by trading volume of cryptocurrencies in H1 2018 are Malta, Belize, the Seychelles, the United States, and South Korea, and by number of crypto exchanges – the United Kingdom, Hong Kong, the US, Singapore, and Turkey. Russia is not in either of these groups, he noted. At the same time, RACIB claims the number of Russians owning cryptocurrency has increased this year from 2.5 to 3 million.

Russian Crypto Sector Expects Regulations This Fall

The newly released data confirms what is already obvious – the Russian crypto industry is developing at a fast pace, despite the lack of comprehensive regulations. The final adoption of three bills aimed at legalizing crypto transactions and activities has been postponed until the fall session of the State Duma, the lower house of the Russian parliament.

Russia Reports 15% Increase in Number of Crypto Mining CompaniesIn July, Russian crypto media published information about the employment and remuneration in the fintech sector. According to the statistics, the average salary in the industry has fallen by 40% from the 2017 record levels but, nevertheless, it remains relatively high for Russian standards, 10 times higher than the country’s average for certain professionals.

Earlier, RACIB announced that 70,000 Russians are employed in the crypto sector, a figure that obviously excludes those hired by mining companies. Meanwhile, Russian job search platforms have registered strong demand for crypto and blockchain experts, including PR specialists, software developers, and project managers. Responding to the need for qualified professionals, a number of Russian universities have started offering educational courses and postgraduate programs on cryptocurrencies and blockchain technologies.

What are your expectations for the future of the crypto industry in Russia? Tell us in the comments section below.


Images courtesy of Shutterstock.


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Lebanese PM: I will never go to Syria or meet Assad even if it costs me my job

Lebanese Prime Minister, Saad Hariri said that he refuses to visit Syria or meet with Syrian President, Bashar al-Assad, under any circumstances, even if that would cost him his position.

“It is impossible that I visit Syria, not now and not in the future… and if Lebanon’s interest requires so, then you could find someone else” Hariri said after a meeting with the Future Movement on Tuesday night.

Read: Lebanon speaker: Delay in forming government has negative affect

Hariri said the problems facing the government formation are fabricated by those put obstacles in its way. Hariri rejected claims that President, Michel Aoun is the one who demands a majority government.

Hariri has also denied that the visit by the foreign minister and the president’s brother-in-law, Gebran Bassil to Parliament Speaker, Nabih Berri came under Syrian pressure after Bassil described Berri of a “bully” a few months ago.

 

 

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40 migrants arrive in Tunisia after 20 days at sea

A boat carrying 40 African migrants arrived in Tunisia, Wednesday, after spending more than 20 days in the sea aboard a ship which belongs to an international oil company. It landed at the port of Zarzis in Medenine province, southeast of Tunisia.

According to Anadolu, Tunisian State Secretary for Immigration Adel Jarboui and the UNHCR representative in Tunisia, Mazin Abu Shanab,  received the boat of African migrants.

According to a  statement by Shams Eddin Marzouk, a member of the Red Crescent in the city of Zarzis, on July 12, a boat belonging to an international oil company discovered migrants stranded 13 miles off the coast of Tunisia.

Initially “These migrants refused to be taken to the Tunisian coast, demanding to be received by Italy or Malta. However, as European countries refused to accept them, they were moved to an area near the southern coast of Tunisia,” Marzouk said.

Read: Tunisia allows boat with migrants to dock after leaving it stranded for two weeks

Anadolu reported that negotiations were held today between the Tunisian Secretary of State for Immigration and State Expatriates and the migrants who were determined not to move to the Tunisian coast, but eventually agreed.

“Mandated by the Prime Minister, Youssef Chahed, I received the migrants today. We will provide them with the necessary psychological and health support and they will leave Tunisia as soon as possible,” Jarboui told Anadolu.

In turn, Mazin Abu Shanab praised Tunisia’s role in receiving the immigrants’ boat.

Abu Shanab told Anadolu, “A 20-day crisis has been resolved thanks to Tunisia’s acceptance of the boat entry.”

Ali Haji, the captain of the boat that found the migrants, said that issue was purely humanitarian, not legal.

The Tunisian Red Crescent is providing food and shelter to these immigrants while they wait to move to shelters

Following international laws, the International Organization for Migration (IOM) will repatriate migrants as long do not face persecution in their homelands. The UHNCR will assist others whose cannot return home.

The southern coast of Tunisia is home to the arrival of thousands of illegal immigrants who are left stranded on their way from Libya towards the Italian Island, Lampedusa.

In Medenine province, there is a shelter where immigrants reside, pending legal status by obtaining an asylum status in Tunisia or returning to their home country.

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US Senate votes to release transcript of suspected Russian spy

Author: 
AP
ID: 
1533163664246194700
Wed, 2018-08-01 (All day)

WASHINGTON: The United States Senate is giving the FBI access to a transcript of a Senate Intelligence Committee interview with Maria Butina, a gun-rights activist suspected of being a covert Russian agent.
The 29-year-old Butina was arrested last month and is awaiting trial on charges of conspiracy and acting as an unregistered foreign agent for Russia. Prosecutors have accused her of using sex and deception to forge influential connections.
Butina was interviewed by the Senate panel in April as part of its investigation into Russian interference in the 2016 elections. In a voice vote Wednesday, the Senate allowed the committee to provide the transcript to the FBI and to Butina’s lawyers.
Senate Intelligence Committee Chairman Richard Burr, R-N.C., and the top Democrat on the committee, Virginia Sen. Mark Warner, said in a joint statement that they sought authorization from the full Senate to release the documents in response to requests from the Justice Department and a lawyer for Butina and will release it if it is not made public.
“The Committee intends to provide the transcript, provided both parties agree to include it under the auspices of a protective order, which we understand is currently under discussion,” the senators said.
Butina was photographed by the FBI dining privately with a Russian diplomat suspected of being an intelligence operative in the weeks before the envoy’s departure from the US last March, prosecutors said. She also had contact information for people who investigators believe were employees of Russia’s Federal Security Services, or FSB, the successor intelligence agency to the KGB.
The Justice Department says she worked covertly to establish back-channel lines of communication to the Kremlin and infiltrate US political organizations, including the National Rifle Association, and gather intelligence for a senior Russian official to whom she reported.
Butina has pleaded not guilty. Her lawyer Robert Driscoll said she isn’t a Russian agent but instead a “young student seeking to make her way in America.”

Main category: 

US arrests, accuses woman of acting as Russian agentFormer Russian agent Sergei Skripal no longer in critical condition

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