Crypto Market at Major Crossroads: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap rebounded recently and revisited the $129.0B resistance area.
Litecoin (LTC) price gained nearly 5% and it seems like it could test $58 or $60.
bitcoin cash price is trading sideways below the $130 resistance level.
Tron (TRX) corrected above the $0.0220 level, but it could face a strong hurdle near $0.0230.
Cardano (ADA) price is gaining momentum and it may trade towards the $0.0500 resistance level.

The crypto market cap is approaching a crucial resistance area and it could surge higher. bitcoin (BTC), Ethereum (ETH), ripple, litecoin (LTC), bitcoin cash, TRX, XLM and ADA remain supported.

bitcoin Cash Price Analysis

Recently, bitcoin cash price declined below the $130 and $128 support levels against the US Dollar. The BCH/USD pair tested the $126 support level and later corrected higher. The price is currently trading just above the $128 level and it seems like it could test the $130 resistance level in the near term.

If there is a break above the $130 resistance, the next aim for buyers could be the $132 barrier. On the downside, a break below the $128 support may perhaps push the price towards the $126 or $125 support.

Litecoin (LTC), Tron (TRX) and Cardano (ADA) Price Analysis

Litecoin price remained in a strong uptrend from the $52 support level against the US Dollar. LTC price recently spiked towards the $58 level and later corrected lower. However, the $54 support prevented declines and the price recently gained more than 5%. It is currently trading above the $57 level and it may continue to rise towards the $58 or $60 resistance.

Tron price declined heavily and broke the $0.0220 support level recently. TRX price tested the $0.0210 level and late recovered above $0.0220. However, there are many hurdles on the upside near the $0.0230 and $0.0232 levels, where sellers are likely to emerge.

Cardano price traded nicely in the past few sessions and broke the $0.0450 and $0.0465 resistance levels. ADA price is currently trading above the $0.0470 level and it may continue to climb higher. An immediate resistance is at $0.0485, above which the price could rally towards the $0.0500 resistance zone.

Looking at the total cryptocurrency market cap hourly chart, there was a drop below the $128.0B support level. The market cap tested the $125.0B support level and it recently corrected higher. There was a decent rebound above the $127.5B level, but there is a strong resistance formed near $129.0B and a bearish trend line. Moreover, the key resistance is near the $130.0B level. If there is an upside break above the $130.0B barrier, the crypto market could rally in the near term, with gains in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins.

Published at Wed, 13 Mar 2019 06:00:56 +0000

November 1, 2017

Paycent – The Easiest Way to Connect Crypto and Fiat

Holding cryptocurrency is all very well, but these days it hardly seems to be used to pay for anything. Merchant uptake is slower than the momentum needed to reach the mainstream. The merchants still take cash, but transferring between the two is an extra step that we could do without. Paycent may just be the crypto-fiat bridge we are looking for, with a whole host of other benefits too.

[Note: This is a sponsored article.]

What is Paycent?

Paycent is, in essence, a mobile payment system. It functions as a dual e-wallet which can be funded by both cryptocurrencies and fiat within the same app. It also allows conversion from crypto to fiat and vice-versa, in real time and from within the wallet, acting as an internal exchange.

Over a thousand online merchants and counting already accept Paycent as a method of payment. However, the option of having a debit card linked to your wallet opens up 36 million points of sale in over 200 countries. This includes withdrawing local currency from ATMs worldwide.

[youtube https://www.youtube.com/watch?v=n7fET7C32Y4?feature=oembed&w=500&h=281]

How is Paycent different?

Paycent already has an established fiat network and is collaborating with mainstream financial institutions and governmental regulators, to both expand this network and push into the world of cryptocurrencies.

They already have regulatory licenses in UAE and the Philippines, along with approval in principal in Hong Kong and Singapore. Negotiations are also underway to host the Paycent Realtime Exchange in Dubai, with the oversight of the Central Bank of UAE.

In addition to this, Paycent is in tier 2 talks to acquire a physical banking presence in the Philippines. Paycent would function as the online channel for the bank, providing financial services to the unbanked.

They are also in advanced talks with Egypt and Jordan to develop and host a unified digital payment infrastructure for their banking and government services.

Why should I invest?

Investors in the ICO starting on November 2nd will receive PYN tokens. Holders of these tokens will receive rewards paid in ETH. These rewards will initially be paid quarterly and are as follows:

33% of the aggregate exchange rate profit for crypto to fiat and fiat to crypto, converted using the Paycent dual e-wallet.
33% of the total interest profit on microloans to Paycent lenders.

Users of the Paycent Debit Card will also receive an additional 0.1% of each spend in PYN tokens. Investors of 100 or 500 ETH or more are eligible for special debit cards which increase these loyalty rewards to 0.5% and 1% of each spend.

These ‘cash-back’ reward tokens will create a secondary distribution of PYN tokens, creating an open market for PYN, with price support and increase.

#Paycent Token Sale is getting nearer and we want you to be informed! These are the recommended wallets:#Paycentos #PaycentICO #BTC #ETH pic.twitter.com/Q6ZTJtco0O

— Paycent (@PaycentGlobal) October 26, 2017

https://platform.twitter.com/widgets.js

How can I invest?

Paycent already concluded their pre-ICO, reaching the hard cap of 22,500 ETH in 10 days. Around 857 contributors took part from over 41 countries.

The main ICO is being held in 8 separate phases over the course of four years. There is a minimum investment purchase of 15 PYN and investors can participate using Ethereum, bitcoin, or Litecoin.

The first phase of the ICO begins on November 2, 2017, at 9 am Singapore time (UTC+8) and will last for 7 days or until the Phase 1 hard cap of 30 million PYN has been reached.

Bonus incentives are being given to encourage participation:

First 24 hours: 27% bonus PYN
Days 2 – 4: 18% bonus PYN
Days 5 – 7: 12% bonus PYN

Subsequent ICO phases are scheduled as shown below, with existing token holders receiving generous bonuses:

Phase 2 (Last week of May 2018)
Hard cap: 35 million PYN
25% bonus to PYN token holders

Phase 3 (2^nd week of November 2018)
Hard cap: 35 million PYN
23% bonus to PYN token holders

Phase 4 (Last week of May 2019)
Hard cap: 35 million PYN
21% bonus to PYN token holders

Phase 5 (2^nd week of November 2019)
Hard cap: 35 million PYN
19% bonus to PYN token holders

Phase 6 (Last week of May 2020)
Hard cap: 30 million PYN
17% bonus to PYN token holders

Phase 7 (2^nd week of November 2020)
Hard cap: 30 million PYN
15% bonus to PYN token holders

Phase 8 (2^nd week of November 2018)
Hard cap: 22,045,000 PYN
13% bonus to PYN token holders

For more information about Paycent please visit paycent.com.

Do you think a ‘bridge’ between cryptocurrencies and fiat currency is something that the crypto community needs? Let us know in the comments below.

Images courtesy of Paycent

The post Paycent – The Easiest Way to Connect Crypto and Fiat appeared first on Bitcoinist.com.