Litecoin Price Prediction: LTC Is Creating a Head and Shoulders Pattern, Will the Neckline Provide Support?

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Long-Term Outlook

Litecoin Weekly Chart – Source: Tradingview.com

A look at the Weekly chart for LTC/USD shows that price made a temporary bottom at $28, inside the support area formed by the highs of 2014.

It is currently trading at $48, slightly above the 21-period moving average but below the 50-period MA and the Ichimoku cloud.

There is also a minor resistance area near $50.

The RSI is at 48, indicating neither oversold nor overbought conditions.

On a more positive note, there has been a significant bullish divergence in the MACD, which is moving upward with strength but has not turned positive yet.

Given this information, I am bullish on the long-term.

Medium-Term Outlook

Litecoin 3-Day Chart – Source: Tradingview.com

A look at the 3-day chart for LTC/USD shows that price is trading inside the negative Ichimoku cloud.

Also, we can see that price is following an ascending support line and has been doing so for the past 80 days.

Furthermore, we can see that the 21 and 50-period MAs are very close to making a bullish cross and are offering support to price.

While the MACD is positive, it has started to lose strength.

Litecoin Daily Chart – Source: Tradingview.com

A look at the Daily chart shows that price is possibly making a head and shoulders pattern (bearish reversal).

Furthermore, the price is following a medium-term support line (neckline of H&S) and has been doing so for 24 days.

Price has also found support above the 21-period moving average.

The head and shoulders pattern has been combined with a bearish divergence in the RSI, which is currently at 54.

Short-Term Outlook and Price Prediction

Litecoin 6-Hour Chart – Source: Tradingview.com

A look at the 6-hour chart shows that besides the support line, the price is possibly following a descending resistance line that has only been validated twice.

Both lines combine to create a symmetrical triangle, which is projected to end on March 8th.

If the support line fails to hold the price, the next support area will be found near $42.

Furthermore, we can see that the 21 and 50-period MAs have made a bearish cross and are offering resistance to price.

Price Prediction:

I believe that during this week the price will break down from the support line and fall to the support area near $42.

Conclusions:

  • Price is trading inside a long-term head and shoulders pattern.
  • There is a medium-term bullish divergence.
  • Price is trading inside a short-term symmetrical triangle.

Latest Litecoin News:

  • Litecoin Price Prediction: LTC Got Rejected at $50, Will the Next Attempt Be Successful?

  • Litecoin [LTC] & Dogecoin [Doge] Price Action – Both Cryptocurrencies Move to Key Levels

DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Litecoin Price Prediction: LTC Is Creating a Head and Shoulders Pattern, Will the Neckline Provide Support? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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BetBright STATZONE: Saturday ITV Racing (9th March 2019)

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Welcome to the BetBright STATZONE, where we give you the stats and you make the decisions!

It’s the calm before the storm this coming Saturday with the Cheltenham Festival looming on the horizon. However, still plenty to get stuck into with the ITV cameras to take in four races at Sandown Park that include the competitive Imperial Cup – a race the sponsors put up an additional bonus of £100k should the winner go onto land any race the 2019 Cheltenham Festival – the last horse to do the double was Gaspara in 2007, who were all trained by the Pipe stable!

We’ve also two LIVE ITV races on the AW to take in from Wolverhampton, including the Lincoln Handicap Trial – yes, all the racing talk might be about Cheltenham at the moment, but the start of the flat turf season is also not far away!

So, as always, we’ve got it all covered here on STATZONE with all the key trends, plus our verdict, on each of the LIVE ITV races – we’re confident these trends will point you in the direction of a few winners, or at least help narrow down some of the field to highlight the horses that fit the best profile of past winners – So, let’s get cracking!

 

Sandown Horse Racing Trends

1.50 – European Breeders´ Fund Matchbook VIP “National Hunt” Novices´ Handicap Hurdle Final (Grade 3) Cl1 2m3f173y ITV

16/16 – Had won no more than twice over hurdles before
15/16 – Aged 6 or younger
15/16 – Carried 10-11 or more
13/16 – Placed in the top 3 last time out
13/16 – Rated 129 or less
13/16 – Came from outside the top 3 in the betting
12/16 – Raced within the last 6 weeks
11/16 – Irish bred
11/16 – Returned 8/1 or less in the betting
12/16 – Unplaced favourites
10/16 – Aged 6 years-old
8/16 – Had won over this trip before
5/16 – Won last time out
2/16 – Won by trainer Nicky Henderson
2/16 – Won by trainer Paul Nicholls
2/16 – Won by the Pipe yard
1/16 – Winning favourites
1/16 – Winners that went onto run at Cheltenham (3rd Martin Pipe)
The average winning SP in the last 10 runnings is 10/1

STATZONE VERDICT: To Follow……………………….

 

2.25 – Matchbook Imperial Cup Handicap Hurdle (Grade 3) Cl1 2m110y ITV

16/16 – Had won no more than twice over hurdles before
15/16 – Had won between 1-2 times over hurdles before
15/16 – Had raced within the last 6 weeks
14/16 – Carried 10-13 or less
13/16 – Rated 124 or higher
12/16 – Aged 6 or younger
11/16 – Carried 10-7 or less
10/16 – Winners that went onto run at the Cheltenham Festival (1 winner, Gaspara – Fred Winter)
10/16 – Had won over at least 2m1f (hurdles) before
10/16 – Finished in the top two last time out
9/16 – Winning distance – 3 ½ lengths or more
8/16 – Returned a double-figure price in the betting
7/16 – Aged 4 or 5 years-old
6/16 – Raced at either Cheltenham (2), Sandown (2) or Ascot (2) last time out
6/16 – Won last time out
5/16 – Winning favourites
5/16 – French bred
5/16 – Had raced at Sandown (hurdles) before – 2 had won there before
5/16 – Won by the Pipe stable (have won it 9 times in all)
1/16 – Won by an Irish-trained horse
The average winning SP in the last 16 years is 11/1

STATZONE VERDICT: To Follow……………………….

 

3.00 – EBF Stallions/TBA Mares´ Standard Open National Hunt Flat Race (Listed) Cl1 2m110y ITV

15/15 – Had won at least one NH Flat race before
14/15 – 1ST or 2ND last time out
13/15 – Returned 17/2 or shorter in the betting
11/15– Won last time out
10/15 – Had won just once before (NH Flat race)
9/15 – Had raced within the last 8 weeks
8/15 – Aged 5 years-old
1/15 – Winning favourites
9 of the last 12 winners were aged 5 or 6 years-old
The average winning SP in the last 10 years is 13/2

STATZONE VERDICT: To Follow……………………….

 

3.35 – Matchbook Racing Is Commission Free Handicap Chase Cl3 3m37y ITV

14/16 – Had won over at least 2m4f (fences) before
14/16 – Carried 11-1 or more
14/16 – Returned 9/1 or shorter in the betting
13/16 –  Rated between 125-134
13/16 – Aged 8 or older
12/16 – Had won between 1-4 times over fences
12/16 – Came from the top 3 in the betting
10/16 – Placed favourites
10/16 – Unplaced last time out
10/16 – Raced within the last 4 weeks
10/16 – Irish bred
8/16 – Returned 7/2 or shorter in the betting
4/16 – Trained by Paul Nicholls
3/16 – Ridden by Ruby Walsh
3/16 – Winning favourites (1 joint)
3/16 – Won last time out
2/16 – Trained by Oliver Sherwood
Pete The Feat (9/1) won the race in 2018
The average winning SP in the last 10 runnings is 9/2

STATZONE VERDICT: To Follow……………………….

 

Wolverhampton Horse Racing Trends

2.05 – Sunbets.co.uk Lincoln Trial Handicap Cl2 1m141y ITV

15/16 – Aged 6 or younger
14/16 – Had raced within the last 6 weeks
14/16 – Won over a mile (or further) before
13/16– Won at least three times before
13/16 – Priced 9/1 or shorter in the betting
10/16 – Placed favourites
9/16 – Ran at Lingfield last time out
9/16 – Came from stall 8 or higher
8/16 – Came from outside the top 3 in the betting
7/16 – Aged 5 years-old
7/16 – Had won at Wolverhampton before
5/16 – Won last time out
5/16 – Winning favourites
2/16 – Trained by the Richard Hannon yard
2/16 – Ridden by Jamie Spencer
Big Country (8/1) won the race 12 months ago
The average winning SP in the last 10 runnings is 6/1

STATZONE VERDICT: To Follow……………………….

 

3.15 – Sunbets.co.uk Lady Wulfruna Stakes (AW Championship Fast-Track Qualifier) (Listed Race) Cl1 7f32y ITV

11/12 – Had won over 7f before
10/12 – Returned 9/1 or shorter in the betting
10/12 – Had won at least 4 times before
10/12 – Placed favourites
9/12 – Had raced within the last 3 weeks
9/12 – Rated 104 or higher
7/12 – Raced at Lingfield last time out
7/12 – Drawn in stall 7 or higher
6/12 – Aged 6 or 7 years-old
6/12 – Unplaced last time out
6/12 – Had won at Wolverhampton before
4/12 – Winning favourite
2/12 – Trained by Marco Botti
Second Thought (8/11) won the race in 2018

STATZONE VERDICT: To Follow……………………….

 

 

 

 

The post BetBright STATZONE: Saturday ITV Racing (9th March 2019) appeared first on BetBright Blog.

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The Sensitivity of Long-Term Interest Rates: A Tale of Two Frequencies

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LSE_The Sensitivity of Long-Term Interest Rates: A Tale of Two Frequencies

The sensitivity of long-term interest rates to short-term interest rates is a central feature of the yield curve. This post, which draws on our Staff Report, shows that long- and short-term rates co-move to a surprising extent at high frequencies (over daily or monthly periods). However, since 2000, they co-move far less at lower frequencies (over six months or a year). We discuss potential explanations for this finding and its implications for the transmission of monetary policy.

The Expectations Hypothesis and Term Premia

Economists agree that the short end of the yield curve largely reflects monetary policy decisions because the Federal Reserve sets the level of short-term interest rates. But there is less agreement on the determinants of long-term interest rates. Under the so-called expectations hypothesis, long-term interest rates reflect investors’ expectations of future short-term interest rates. Intuitively, no investor would invest in long-term bonds if short-term rates were higher—and were expected to remain indefinitely higher—than long-term rates. The investor would, instead, prefer to roll over her investment in short-term bonds. As she and other investors did so, long-term yields would rise until they matched investors’ expectations of future short-term rates.

Despite its simplicity and theoretical elegance, the expectations hypothesis has been decisively rejected by empirical studies going back to the 1980s. The expectations hypothesis abstracts from the fact that the evolution of interest rates is uncertain and that investors dislike (undiversifiable) risk. How much risk investors are willing to bear can depend on a number of factors, including the state of the business cycle or “sentiment.” This economic debate is ongoing and was a central feature of the 2013 Nobel prizes in economics (see this Harvard Business Review article for an extensive discussion). For Treasury yields, variation in interest rates thus depends not only on what investors expect about future rates but also on “term premia,” or the additional compensation required by investors to hold long-term bonds as opposed to rolling over investments in short-term bonds.

The Varying Sensitivity of Long-Term Interest Rates to Short-Term Rates

We use a simple regression approach to study how the sensitivity of long-term interest rates to short-term interest rates varies as a function of the time horizon considered. We use ten-year Treasury yields as our measure of long rates and one-year yields as our measure of short rates. The sensitivity of long-term rates is then simply the slope coefficient from a regression of changes in long-term rates on changes in short-term rates over time windows ranging from a day to twelve months. We conduct this exercise in the 1971-2000 and 2000-2017 samples.

The Sensitivity of Long-Term Interest Rates: A Tale of Two Frequencies

As shown by the blue line in the chart, between 1971 and 1999, a regression of daily changes in ten-year U.S. Treasury yields on daily changes in one-year yields delivers a coefficient of 0.56; the analogous regression using one- to twelve-month changes gives about the same coefficients. Between 2000 and 2017, the coefficient from the daily regression jumps to 0.86 while the coefficient from the corresponding twelve-month regression drops to just 0.20. In other words, changes in U.S. short- and long-term rates have become even more tightly linked at high frequencies since 2000, but have largely decoupled at low frequencies. We find broadly similar patterns for Canada, Germany, and the U.K.

What should we make of these results? The daily regression results in both sub-samples are consistent with prior findings. Shocks to monetary policy and the macroeconomy have generally been seen as being short-lived, so long-term rates should not be highly sensitive to changes in short rates if the expectations hypothesis holds. But Gürkaynak, Sack, and Swanson note that the strong sensitivity of long-term nominal rates could still be consistent with the expectations hypothesis if one adopts the nonstandard view that long-run inflation expectations are unanchored and are continuously being updated in light of incoming news. This narrative is conceivable as the blue line in the chart above shows that the high sensitivity is present at all different frequencies, and inflation was highly volatile in the pre-2000 sample.

However, the story in the post-2000 sample is much more complex. For one, in this sample, we find similar patterns in nominal and real yields, pointing to non-inflation-related factors. More importantly, the high sensitivity of long rates is only present at high frequencies. As a matter of statistical description, we show that this pattern arises because past increases in short rates systematically predict a future flattening of the yield curve—and predictable future declines in long-term rates—in the post-2000 data. These predictable yield curve movements are associated with a transitory rise in the expected returns on long-term bonds compared with those on short-term bonds. In other words, since 2000, term premia on long-term bonds appear to be temporarily elevated following past increases in short rates.

A Model to Explain the Findings

We construct a model to understand the shifting sensitivity of long-term rates to movements in short-term rates. In the pre-2000 period, there is a large, persistent component of short-term nominal rates, reflecting shocks to “trend” inflation, and this component, coupled with an expectations-hypothesis logic, explains the strong sensitivity of long rates at both high and low frequencies. In the post-2000 period, the estimated volatility of this persistent component of short rates drops sharply. From an expectations-hypothesis perspective, this decline in volatility should have reduced the sensitivity of long rates. In the data, this reduction occurs at low frequencies, but we see even greater sensitivity at high frequencies.

The greater sensitivity of long rates at high frequencies in the post-2000 period can be explained by two key ingredients: (1) short-term supply-and-demand shifts that move term premia in the same direction as short-term rates and (2) slow-moving capital. The simplest interpretation of the first assumption is the existence of yield-oriented investors who target a certain level of portfolio yield, but we present other possible foundations as well. The second assumption of a slow-moving capital dynamic (as in the work of Duffie) implies that the shifts in bond term premia triggered by movements in short rates are transitory. As a result, the excess sensitivity of long rates is greatest when measured at high frequencies.

Implications

Our results have important implications for interpreting event-study evidence based on high-frequency changes in long-term bond yields. The short-run change in long-term yields around macroeconomic news announcements, including monetary policy announcements, is often used as a convenient and unbiased measure of the longer-run impact of news shocks. However, if, as we show, some of the impact of a news shock on long-term rates tends to wear off quickly, then a shock’s short- and long-run impact will be quite different. The event-study approach will necessarily capture only the short-run impact.

Our findings also have implications for the transmission of monetary policy. In the textbook New Keynesian view (Galí, for example), the central bank adjusts short-term nominal rates, which affect long-term rates via the expectations hypothesis and aggregate demand. Jeremy Stein points out that the excess sensitivity of long-term yields—whereby shocks to short rates move term premia in the same direction—should strengthen the effects of monetary policy compared with the textbook view and refers to this as the “recruitment” or “risk-taking” channel of monetary transmission. While we confirm the findings of Stein, our results suggest that the recruitment channel may not be as strong as previously thought because a portion of the shifts in term premia are transitory and hence likely to have only modest effects on aggregate demand.

Disclaimer

The views expressed in this post are those of the authors and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors.


David Lucca
David Lucca is an assistant vice president in the Federal Reserve Bank of New York’s Research and Statistics Group.

Samuel Hanson is an associate professor at Harvard Business School and a faculty research fellow at the National Bureau of Economic Research.

Jonathan Wright is a professor at Johns Hopkins University.

How to cite this blog post:


David Lucca, Samuel Hanson, and Jonathan Wright, “The Sensitivity of Long-Term Interest Rates: A Tale of Two Frequencies,” Federal Reserve Bank of New York Liberty Street Economics (blog), March 4, 2019, https://libertystreeteconomics.newyorkfed.org/2019/03/the-sensitivity-of-long-term-interest-rates-a-tale-of-two-frequencies.html.

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Binance Coin Versus Stellar Lumens – BNB Overtakes XLM to Become Eighth Largest Cryptocurrency

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XLM Weekly Chart

Binance Coin (BNB), the native token of Binance exchange, has overtaken Stellar Lumens (XLM) to become the eight largest cryptocurrency by market capitalization.

This has happened after a prolonged outperformance by BNB and a prolonged underperformance by XLM.

BNB is the best performing top cryptocurrency over the past 30 days while XLM is among the worst performing.

Data from Messari shows BNB appreciating 79.59% over the past 30 days while XLM appreciated 3.74% over this timeframe.

While many top cryptocurrencies increased over the past month, the weekly chart for XLM shows price consolidating over this period.

Multiple Doji candles were formed on the weekly chart. A Doji candle is a candle where the open and the close are around the same point and typically reflects uncertainty from traders.

XLM Daily Chart

After a significant drop which took place last Sunday that resulted in XLM failing to overcome a significant resistance level, the price has mostly been consolidating for the rest of the week.

This increases the likelihood that price will follow up with another bearish drop that brings it below the resistance level at $0.08 which lies just below current price.

XLM 4-Hour Chart

The shorter-term 4-hour chart shows the consolidation of this week mostly taking place in a downward channel.

The downward channel formed after an initial bounce from support at $0.08 after Sunday’s drop.

Price briefly returned to $0.08 during the week but quickly bounced with traders rejecting valuations close to this level.

The continued trading within the downward channel increases the likelihood that the next significant move will be one to the downside that will test the $0.08 level.

BNB Weekly Chart

BNB’s price action on the longer-term timeframe has been setting up far more bullish.

The weekly candle is currently trading close to the weekly high and will likely close near the high.

This weeks price action has resulted in price both passing a weekly resistance level and also passing the former high.

BNB Daily Chart

A bearish divergence is forming on the daily chart.

A bearish divergence is a typical trend reversal pattern that takes place when the price forms higher highs and the RSI forms lower highs.

This shows price continuing to increase despite buying pressure falling.

The chances of a reversal given this pattern are small however given the bullish pattern forming on the longer term weekly chart.

Higher highs and higher lows are also forming, resulting in a bullish market structure.

Key Takeaways:

  • BNB overtakes XLM to become the eighth largest cryptocurrency by market cap.
  • BNB is the top performer over the past 30 days while XLM is among the worst performers.
  • BNB is forming an extremely bullish pattern on the weekly timeframe which makes the chances of a reversal smaller.
  • XLM has been forming multiple Doji candles on the weekly indicating uncertainty from traders.

Binance Coin Versus Stellar Lumens – BNB Overtakes XLM to Become Eighth Largest Cryptocurrency was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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Dogecoin Price Analysis: DOGE Is Trading Inside a Symmetrical Triangle, When Will the Breakout Occur?

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Long-Term Outlook

Dogecoin Weekly Chart

A look at the Weekly chart for Dogecoin shows that price is trading inside the major support area near $0.0019 formed by previous lows and has found support right above the 200-period MA.

However, the price is trading below all the other MAs and the negative Ichimoku cloud.

After rejecting a bullish cross in January 2019, the 21-period MA started to fall sharply.

The RSI is at 39, indicating neither overbought nor oversold conditions.

In a more positive note, the MACD is very close to making a bullish cross for the first time in almost a year.

Medium-Term Outlook

Dogecoin 3-Day Chart

A look at the 3-day chart gives us a trading structure.

We can see that price has been following a descending support line since April 2018.

Furthermore, the price has started to generate bullish divergence in both the RSI and the MACD, the latter of which is moving upward after making a bullish cross but is not positive yet.

However, the price is trading below all the moving averages and facing very close resistance form the 21-period MA.

Most candles have had upper and lower wicks, showing indecision in the market.

Dogecoin Daily Chart

A look at the Daily chart shows that after the drop, the price has struggled to break above $0.002, coinciding with the 0.382 fib line of the entire drop.

Also, the price is facing very close resistance from the edge of the Ichimoku cloud.

Finally, the 21 and 50-period moving averages are very close to making or rejecting a bullish cross and are trading in line with the price.

Short-Term Outlook and Price Prediction

Dogecoin 6-Hour Chart

A look at the 6-hour chart shows that the drop was preceded by bearish divergence in the RSI.

Furthermore, we have a trading structure.

Price is trading inside a symmetrical triangle and has been doing so since February the 5th.

The upper resistance of the triangle is provided by the 0.382 fib line.

The triangle is projected to end on March 15th.

Price Prediction: I believe that during next week the price will move to the top of the triangle at $0.00225

Conclusions

  • The price is trading inside a major support area.
  • There is a medium-term bullish divergence.
  • The price is trading inside a short-term symmetrical triangle.

Dogecoin Price Analysis: DOGE Is Trading Inside a Symmetrical Triangle, When Will the Breakout Occur? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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BetBright STATZONE: Premier League (9th-10th March 2019)

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Welcome to the BetBright STATZONE, where we give you the stats and you make the decisions!

We move into ‘Week 30’ in the Premier League and all 20 sides are in action.

The action gets going with Brighton travelling to Crystal Palace and with the last two clashes between the sides producing nine goals then we could be in for a thriller.

Then we’ve five 3pm games to take in that include Southampton v Spurs and Cardiff hosting West Ham, while the 5:30pm clash sees Man City hosting Watforddid you know Sergio Aguero has scored 6 goals in his last four games against the Hornets?

Onto Sunday, and action concludes with three more matches that start with Liverpool at home to Burnley in a clash you feel the Reds can get all three points from. Wolves also travel to Chelsea, but the best is saved for last as Arsenal welcome Manchester United to the Emirates in a crucial ‘top four’ encounter – did you know the Red Devils have lost just one of their last seven against the Gunners?

As always here at StatZone we’ve got all the games covered from a head-to-head angle, plus our best betting option on each match based on the stats – So, let’s get started!

 

Saturday 9th March 2019

 

   Crystal Palace v Brighton & Hove Albion 12:30

  • Already met this season, Brighton 3-1 Palace
  • Last season’s repeat fixture ended, Palace 3-2 Brighton
  • Palace have won just 2 of their last 7 vs Brighton
  • Palace are unbeaten in their 4 home games vs Brighton
  • Both teams scored in the last 3 head-to-heads
  • This season’s head-to-head saw a RED CARD (Brighton)
  • 2 of the last 6 head-to-heads at Palace ended in DRAWS
  • 2 of the last 6 head-to-heads ended in 0-0 DRAWS
  • 7 of the last 11 head-to-heads went OVER 2.5 GOALS
  • Brighton have scored at least 2 goals in their last 3 vs Palace
  • Glenn Murray (Brighton) has scored in the last 3 head-to-heads

STATZONE VERDICT: OVER 2.5 GOALS

 

   Cardiff City v West Ham United 15:00

  • Already met this season, West Ham 3-1 Cardiff
  • Last repeat fixture (Prem, 2014) ended, Cardiff 0-2 West Ham
  • West Ham have won their last 7 (all comps) vs Cardiff
  • West Ham have scored at least 2 goals in their last 7 vs Cardiff
  • West Ham have won 4 of their last 7 vs Cardiff 2-0
  • Both teams DIDN’T score in 7 of the last 9 head-to-heads
  • 6 of the last 9 head-to-heads went UNDER 2.5 GOALS
  • No DRAWS in the last 11 head-to-heads

STATZONE VERDICT: WEST HAM TO WIN

 

  Huddersfield Town v Bournemouth 15:00

 

  • Already met this season, Bournemouth 2-1 Huddersfield
  • Last season’s repeat fixture ended, Huddersfield 4-1 Bournemouth
  • Bournemouth have won 2 of their last 6 vs Huddersfield 4-0
  • 6 of the last 7 head-to-heads went OVER 2.5 GOALS
  • The last 3 repeat fixtures went OVER 2.5 GOALS
  • Bournemouth are unbeaten in 5 of their last 6 vs Huddersfield
  • This season’s head-to-head saw a RED CARD (Bournemouth)
  • Callum Wilson (Bournemouth) has scored 4 in the last 3 head-to-heads

STATZONE VERDICT: OVER 2.5 GOALS

 

   Leicester City v Fulham 15:00

  • Already met this season, Fulham 1-1 Leicester
  • Last repeat fixture (2004, Prem), Leicester 0-2 Fulham
  • 5 DRAWS in the last 10 head-to-heads
  • 4 of the last 5 head-to-heads went OVER 2.5 GOALS
  • Both teams scored in the last 5 head-to-heads

   STATZONE VERDICT: DRAW

 

    Newcastle United v Everton 15:00

  • Already met this season, Everton 1-1 Newcastle
  • Last season’s repeat fixture ended, Newcastle 0-1 Everton
  • Everton have won their last 5 of their last 6 vs Newcastle
  • Newcastle have scored just 1 in the last 6 head-to-heads
  • Everton have won 4 of their last 5 away league games at Newcastle
  • 4 of the last 5 head-to-heads went UNDER 2.5 GOALS
  • Both teams DIDN’T score in 5 of the last 6 head-to-heads
  • Everton have WON 3 of the last 5 head-to-heads 1-0
  • 3 RED CARDS (Newcastle) in the last 6 head-to-heads

STATZONE VERDICT: UNDER 2.5 GOALS

 

Southampton v Tottenham Hotspur 15:00

  • Already met this season, Spurs 3-1 Southampton
  • Last season’s repeat fixture ended, Southampton 1-1 Spurs
  • Spurs have lost just 1 of their last 13 league games vs Southampton
  • Both teams scored in 7 of the last 8 head-to-heads
  • 6 of the last 8 head-to-heads went OVER 2.5 GOALS
  • Spurs are unbeaten in their last 6 away league games vs Southampton
  • Heung-Min Son has scored 3 in his last 4 vs Southampton
  • Harry Kane have scored 6 in his last 7 vs Southampton
  • Spurs have lost just 1 of their last 10 vs Southampton (all comps)
  • Spurs have scored in their last 13 vs Southampton

STATZONE VERDICT: BOTH TEAMS TO SCORE


Manchester City v Watford 17:30

  • Already met this season, Watford 1-2 Man City
  • Last season’s repeat fixture ended, Man City 3-1 Watford
  • 2 of the last 3 repeat fixtures ended Man City 2-0 Watford
  • Man City have scored 18 goals in their last 5 vs Watford
  • The last 4 head-to-heads went OVER 2.5 GOALS
  • 7 of the last 9 head-to-heads went OVER 2.5 GOALS
  • Sergio Aguero (Man City) has scored 6 goals in the last 4 head-to-heads

STATZONE VERDICT: AGUERO TO SCORE ANYTIME

 

Sunday 10th March 2019

 

Liverpool v Burnley 12:00

  • Already met this season, Burnley 1-3 Liverpool
  • Last season’s repeat fixture ended, Liverpool 1-1 Burnley
  • 3 of the last 4 head-to-heads went OVER 2.5 GOALS
  • Liverpool have won 9 of their last 10 home games vs Burnley (all comps)
  • Burnley last beat Liverpool away at Anfield in 1974
  • Liverpool have won 8 of their last 10 home games (all comps) vs Burnley ‘to nil’
  • Both teams scored in the last 4 head-to-heads
  • Burnley have scored just 2 goals in their last 10 away games vs Liverpool

STATZONE VERDICT: LIVERPOOL WIN ‘TO NIL’


Chelsea v Wolverhampton Wanderers 14:05

  • Already met this season, Wolves 2-1 Chelsea
  • Last repeat fixture (2011, Prem) Chelsea 3-0 Wolves
  • 4 of the last 5 head-to-heads went OVER 2.5 GOALS
  • Both teams DIDN’T score in 7 of the last 9 head-to-heads
  • Chelsea have won their last 4 home games vs Wolves ‘to nil’
  • 3 of the last 4 head-to-heads at Stamford Bridge went OVER 2.5 GOALS

STATZONE VERDICT: OVER 2.5 GOALS

  

Arsenal v Manchester United 16:30

  • Already met this season in the league, Man Utd 2-2 Arsenal
  • Also played in the FA Cup this season, Arsenal 1-3 Man Utd
  • Man Utd have lost just 1 of their last 7 vs Arsenal (all comps)
  • 6 of the last 8 head-to-heads went OVER 2.5 GOALS
  • Both teams scored in 6 of the last 7 head-to-heads
  • Man Utd have won their last 2 away games at Arsenal 1-3
  • 4 of the last 5 head-to-heads at the Emirates went OVER 2.5 GOALS

STATZONE VERDICT: BOTH TEAMS TO SCORE

 

 

That should be all you need, if you can’t make the right decisions with all that info, there’s no helping you!

The post BetBright STATZONE: Premier League (9th-10th March 2019) appeared first on BetBright Blog.

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What Is Stellar Lumens (XLM)? New AMAZING Guide to Stellar Coin for 2019

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Stellar is a decentralized protocol which provides users with the ability to send money anywhere around the globe instantaneously and with negligible costs.

So, what exactly is Stellar?

Furthermore, it is a non-profit organization, its main aim being the expansion of financial access to everyone, especially individuals in parts of the globe who do not enjoy the benefits of basic financial institutions such as banks.

Stellar was developed in 2014 as the idea of Jed McCaleb, one of the co-founders of Ripple, working together with Joyce Kim.

Since McCaleb had irreconcilable differences with the Ripple board, Stellar has several key alterations compared to it.

Stellar intends to assist in transactions between people, while Ripple seeks to do so for banks. Also, stellar has more of a bottom-up approach while Ripple has a top-down approach.

The currency used by the network is Stellar Lumens (XLM), 100 billion of which were created at launch. As an original resolution, Stellar used Facebook for the authentication of users and gave early adopters 5000 XLM as a start.

A transaction costs only 0.0001XLM, taking less than 6 seconds to complete. The total supply grows by 1% each year, making it an inflationary currency.

What Is Stellar and What Is Its Objective?

Stellar is a platform that intends to assist in cross-border transactions by resolving relevant concerns including but not limited to slow transaction times and high transaction fees.

The network also has a built-in currency (XLM), which has value, yet its primary function is to act as a mediator currency and provide conversion between other currencies.

A helpful way of understanding the network would be to think of it as a PayPal which functions on the Blockchain.

In order to use Stellar, it is first required to deposit currency in an anchor, which is a trusted intermediary.

Stellar is a nonprofit network and the founders continuously emphasize that the primary goal is to enable individuals with restricted access to financial institutions or inadequate financial literacy the opportunity to possess the benefits of said financial institutions.

While Stellar can provide many functions, its main one is the creation of a worldwide network which enables anyone to send any type of currency and have it arrive as another type of currency.

For example, you can send Ethereum and have it arrive as euros. You can send dollars and have it arrive as Bitcoin.

It aims to support all type of transactions, from merchant payments to remittances.

Stellar users hold their account balance in a gateway, a trusted network participant which you trust to accept your deposit, in exchange for network credit.

What Are the Benefits of Stellar?

Stellar aims to be a platform which provides access to financial services to everyone all over the world, including services for the underbanked.

The main benefits of stellar come from its low transaction costs, almost instantaneous transaction speed for cross border transfers and high security.

Furthermore, Stellar is not centralized and is a non-profit company with altruistic instead of profit-making goals.

Is Stellar a Ripple Fork?

Stellar Lumens (XLM) and Ripple’s XRP – Source: Shutterstock.com

Stellar’s native currency Lumens (XLM) is not a fork of Ripple’s XRP, even though they share similarities, mainly deriving from the fact that they use a consensus protocol instead of the usual proof-of-work mining system used by most cryptocurrencies.

However, even the consensus protocol is not identical. While Ripple relies on voting (every transaction has to be verified by more than 80% of nodes) to enter the ledger, Stellar operates differently, quickly allowing nodes to become validators.

Furthermore, differences lie in their target base, since Ripple mainly targets financial institutions and banks, while Stellar targets the everyday individuals, focusing mostly on microtransactions.

Furthermore, Stellar is a non-profit company, meaning there are no shareholders or dividends, just salaries, and expenses. Its motto is to provide cheap and fast transactions for people all over the world.

Stellar Ripple
Date established July 30, 2014 January 1, 2012
Total supply 100 billion XLM initially (104.7 billion as of Feb 2019) 100 billion XRP
Consensus mechanism Stellar Consensus Protocol (SCP) Proof of Correctness (PoC)
Inflationary? Yes, increases at a rate of 1% per year No, decreases based on variable burn rate
Transaction time 2-5 seconds 4 seconds
Target market Individuals Financial Institutions
Programming Language C/C++, GO, JavaScript C/C++, Java, GO, JavaScript

Stellar Use Cases

Stellar and IBM – Source: IBM.com

One of the main use cases currently for Stellar is in settling cross-border transactions for financial institutions, in partnership with IBM.

The Stellar / IBM platform which utilizes Lumens (XLM) currently only involves British pounds and Fijian dollars, yet it is designed to be expanded so it is able to handle seven fiat currencies.

Furthermore, Coins.ph – a mobile payments startup which handles the Southeast Asia market, allows individuals to convey remittances to the Philippines over the Stellar network, for almost free.

Stellar and Coins.ph map illustration – Source: Coins.ph

Additionally, Stellar is used by Flutterwave, a mobile payments firm based in Africa, in order to assist in money transfers between Kenya, Ghana, and Nigeria.

ICICI Bank, the largest private sector bank in India is also integrating with the Stellar network, for the purpose of supporting money transfers within India and internationally. ICICI bank is also launching a mobile wallet app with a Stellar backend for office and university campuses.

Stellar also has a working relationship with a French remittance company, Tempo Money, which allows individuals to send and receive remittances from Europe through Banks which are connected to the Network.

How Does Stellar & Its Network Work

Before it is possible to interact with the network, the creation of an account is required. Every account is equipped with a public key, and cryptography is used to confirm the security of the transactions.

To illustrate with an example, let’s say we are interested in trading USD for Euro, and there is no available pair. The network will trade USD for XLM, then make the XLM for Euro exchange.

In cases which none of the pairs are liquid, the network will take another path. For illustration, the path could look like this: USD for ETH, ETH for XLM and XLM for EUR. Thus, the network will always find the least costly and fastest path to deliver the funds.

Stellar is constructed upon the idea of gateways, which are entities that allow people in and out of the network. In order to use the network, trust in the gateways you use is required rather than trust in other members in the network.

This concept is comparable to having trust in your bank to safeguard your deposit. In the network, you choose the trust level assigned to a gateway, by setting appropriate policies and putting deposit limits on a gateway.

Currency balances are represented as credits from the gateway. So, if a user deposits 100 euros into a gateway, it would issue XLM credit equivalent to 100 euro. This credit issuance will only be successful if the user has trusted the gateway for 100 euros or more.

In cases of cashing out, the credits are returned to the gateway, who in turn sends you your currency of choice. Since it’s a distributed and open network, anyone is able to start their own gateway and to take their pick of gateways to trust.

Stellar Core & Horizon API

An API is merely a combination of tools and building blocks which assist in the creation of software applications.

On the Stellar GitHub page, it describes Horizon as:

“Horizon is the client facing API server for the Stellar ecosystem. It acts as the interface between stellar-core and applications that want to access the Stellar network. It allows you to submit transactions to the network, check the status of accounts, subscribe to event streams.”

The Stellar network consists of servers which run the Stellar Core software and are maintained by various entities and individuals. The core preserves a copy of the ledger and stays in sync with the other occurrences of the Stellar Core on the network.

Stellar Consensus Protocol

In order to validate transactions, Stellar utilizes a consensus protocol, which is referred to as a ‘federated byzantine agreement’.

It functions on the idea of an open membership system; meaning any user can take the function of a validation node and is free to follow any other nodes, not relying on a central authority recommendation.

This, in turn, makes the network very decentralized. As of right now, there are more than 140 active nodes working in the network. A low participation number is a common occurrence since there are no incentives for nodes to maintain the blockchain.

The Stellar network overview on Feb 27, 2019 – Source: Stellarbeat.io

In Stellar, the validators receive no rewards, rather maintain the network on free will. In more detail, the network utilizes its own ledger, maintained by consensus instead of mining.

Every node is in communication with a set of others, in trust that they will not collude together to produce the same malevolent result.

Then, an iterative process allows for consensus to be reached, resulting in an updated ledger every few seconds. Furthermore, transactions settle almost instantly, with no mining being required.

What Are Lumens (XLM) and What Are They Used For?

Lumens (XLM) is the native token used in the Stellar Network. One of its functions is as a mediator currency for multi-currency transactions in cases when a large direct market for currency pairs does not exist.

It is extremely versatile, making it appropriate for different types of transactions. It works great in assisting with micro-payments, can handle remittances without the issues of forex exchange, and settle payments almost instantly.

It is possible to think of XLM as Bitcoin’s faster counterpart, who is more scalable and does not require mining.  It is tradable anywhere in the world in less than 5 seconds, making it suitable for cross-border transactions.

This is true especially if your aim is to conduct transactions in parts of the world with are abject of banks and financial institutions. When sending money abroad, unlike most companies such as Western Union, fees are a negligible issue with XLM.

Transaction costs are close to 0.0001 XLM, which is less than $0.01.

There is also another reason for the Stellar network to have its own token. The token acts as a tool which prevents spam on the network.

Since each transaction has a fee (paid in XLM), this acts as a failsafe to prevent users from performing an attack on the platform, such as a Denial-Of-Service (DoS) attack, in order to flood out the network. Consequently, XLM acts as a security feature which stops these attacks from happening.

International Money Transfer, Mobile Money & Microtransactions

XLM is able to effectively process 1,000 transactions per second at less than a penny each. As stated above, this fee is in place to prevent the network from undergoing attacks.

Stellar’s consensus protocol allows payments to be made quickly and securely with anyone anywhere in the world. This has enabled a number of business solutions powered with Stellar.

  • In the Mobile Money sector: Parkway Projects (financial technology developer in Africa) uses Stellar in order to connect Nigeria’s five biggest telecom companies, allowing customers which possess different services that deal with mobile money to send and receive money with one another.
  • For Microtransactions: Deloitte – one of the largest financial consulting firms in the world, uses the stellar network for a prototype which reduces the costs of transactions by 40%. The prototype resolved in an average transaction time of 5 seconds and is intended for use with clients residing outside of the United States.

  • For Money Transfer (Remittances): Tempo enables money transfers from Europe to the rest of the world, which is a $150 billion market. With the Stellar Network, Tempo is able to power 600,000 transactions for $0.01 in fees. Tempo’s cross-border payments enable people to pay remotely for services like phone, water, electricity, and health insurance.

How Are Lumens Different to Other Digital Currencies

Lumens (XLM) and other cryptocurrencies – Source: Shutterstock.com

What sets Stellar apart from other cryptocurrencies which conduct fast transactions, amongst others, are partner organizations called “Anchors.” They are trustworthy entities which deliver credit lines to people, using assets such as euros or dollars.

Let’s illustrate this with an example. Let’s say you live in the United Kingdom, and have a friend in Spain who needs €100.

You can use the Stellar network by paying the equivalent amount in pounds to an Anchor, who in turn would update the balance on the ledger that would be used by an anchor in France to deliver the euros to your friend.

If the transaction is settled in XLM, the entirety of the transaction would cost less than $0.01.

Furthermore, Stellar continuously keeps generating more XLM, effectively making it an “inflationary currency.” The motivation behind this idea was that people will be incentivized to spend it, rather than hoarding it as a store of value.

Finally, the project gives extra currency to entities that send and receive XLM, a concept which will allow individuals to regard it as a currency, instead of only as an investment.

Furthermore, the Stellar team occasionally release free tokens to the public, in order to include more individuals in the digital economy. Thus, it is apparent that Stellar is quite dissimilar to other cryptocurrencies, and has a motive that is altruistic rather than profit-driven.

Lumens (XLM) Distribution

At the creation of the Stellar Network, 100 billion lumens (XLM) were generated as it was stated in the protocol.

From the total, 5% were used for the funding of operations, while the SDF (Stellar Development Foundation) was entrusted with distributing the remaining 95% for free.

SDF is the manager of this distribution, which is overseen by its expansion board. The XLM distribution was made as described below:

  • 50% allocated for distribution through the Direct Sign-up Program.
  • 25% allocated for distribution through the Partnership Program.
  • 20% allocated for distribution through the Bitcoin Program.
  • As stated in the beginning, 5% were held to fund operational costs.

XLM Giveaways

In contrast with other cryptocurrencies, the XLM team intermittently releases tokens to the general public at no cost.

One of their major goals as a non-profit institution is to assist in the inclusion of more individuals in low-cost financial services. These giveaways attract more individuals to the network and encourage companies to make their own designs for the services they require.

Therefore, the Stellar network enables people to use blockchain to create solutions to their problems. The higher the number of users in the Stellar Network, the better the experience will be.

Even though it is possible to get XLM for free, people will still pay to get it, in case they missed out on a giveaway, or in order to support the project.

Within the next ten years, once the entire supply of XLM will be distributed, people will have to buy XLM in exchanges or elsewhere.

Where Can I Buy Lumens (XLM)

The common method of buying Lumens (XLM) from an exchange that has XLM listed.

Here are the most popular exchanges that have Lumens (XLM) trading available:

  • Binance
  • Bitfinex
  • Bithumb
  • BitForex
  • Bitrex
  • Huobi
  • Kraken
  • Poloniex
Screenshot of Lumens (XLM) trading on Binance.com

How Much Do Lumens (XLM) Cost?

At the time of writing, XLM costs $0.0869 USD, 0.11 CAD, 0.076 EUR, and 0.065 GBP.

However, the price of XLM like with all cryptocurrencies (except stablecoins) changes on a daily basis.

Which Wallets Support Lumens (XLM)?

Firstly, a Stellar Lumens (XLM) wallet requires a minimum of 1 XLM to be held in it at all times.

Ledger Nano S on a MacBook – Source: Shutterstock.com

The Ledger Nano S is currently the leading hardware wallet which supports XLM storage, and is also the safest storage option. Our guide on storing cryptocurrencies securely on a Ledger Nano can be found here.

Another popular hardware wallet option would be Trezor.

Other options include the Foxlet wallet, which is a desktop wallet used for XLM storage. However, it does not support other cryptocurrencies.

Another user-friendly wallet is the Atomic Wallet, which can store 300 different types of tokens and coins.

Lumens (XLM) Price Predictions

There are different predictions regarding the price of Stellar.

The EFA (Economic Forecasting Agency) predicts that XLM will reach $0.95 at the end of 2020.

Our Stellar price prediction for 2019 can be found in our ‘Top 10 Cryptocurrencies: Price Predictions for 2019’ article.

Stellar Price Prediction
Stellar / USD weekly logarithmic chart

Should I Buy XLM?

This article does not aim to offer any financial advice, so this is a problematic question to answer.

While there are no guarantees on the success or failure of a cryptocurrency, Stellar remains one of the most capable cryptocurrencies, having a great team and an altruistic goal, instead of just a monetary one.

While it does not enjoy as many partners as Ripple, for example, it is right up there with the most used cryptocurrencies at the moment, and the news regarding it are mostly positive.

Can You Mine Lumens (XLM)?

No, Lumens cannot be mined, but it uses a consensus protocol. As for its distribution, it follows the steps stated above and is given out in periodic giveaways by the team.

Stellar vs. Ripple

Despite sharing numerous similarities, there are significant differences between Stellar and Ripple.

The biggest ones lie with their targeted audiences and company goals. Ripple aims to unite financial institutions and banks in accepting XRP, while Stellar targets the everyday individuals.

Furthermore, Stellar is a non-profit entity, with the altruistic goal of providing financial services to those deprived of them, while Ripple is focused on one of the most profitable industries in the world.

Lumens (XLM) vs. XRP

The coins also share a number of similarities, centered on the fact that they both depend on a distributed ledger technology, contain private nodes and instead of mining have a consensus protocol.

However, XRP’s protocol is based on majority voting in order to enter the ledger (each transaction needs to be confirmed by 80% of the nodes), while Stellar operates in a different, more efficient manner, which allows nodes itself to become validators.

Stellar As a Decentralized Distributed Exchange

In cases in which the transactions are between two different currencies, the Stellar network uses a Decentralized Exchange, which automatically searches for the best exchange rate in the market.

This built-in exchange at the core of Stellar is one of the most potent features of the network since it can be used to trade literally anything which is held by anchors, including other cryptocurrencies. A live view of orders is available on the Stellar dashboard.

Think of the distributed exchange as a large pool of offers in the form of “I trade 100 euro for 85 dollars.” Any participant in the network can accept, cancel or make a new offer.

In order to convert an order between XLM and a gateway’s local currency, there might be numerous conversions throughout.

For example, a user could submit transactions which convert dollars to XLM, and then those XLM to euro.

Ultimately, the user will have sent dollars, and the recipient received euros; thus the two exchange orders will be fulfilled.

Tokens & ICOs on the Stellar Network

Stellar saw Initial Coin Offerings on its platform raise over 1.3 billion in the 8 months during January- August 2017.

Stellar state four main reasons on their website on why ICOs should use the Stellar platform:

  1. Built-in decentralized exchange: Stellar has its own integrated decentralized exchange. This means that all the tokens that are created on the platform can instantaneously be bought and sold on the decentralized exchange. Therefore, the user is not required to rely on an independent third-party exchange in order to list them on the market.
  2. Greater security: The Stellar model operates with multi-operation transactions, which in turn limit uncertainty and are less susceptible to harm the exploitation of program weaknesses. Furthermore, in the event that a misuse occurs, Stellar allows users to have their tokens frozen. Finally, it is equipped with a security feature that an individual will have the ability to pick tokens that can validate transactions selectively.
  3. Create custom ICOs: Stellar enables a high range of customization for ICOs and provides constructs such as payments, tokens, and accounts. Using Stellar leads to faster development time since it contains built-in features, like token creation and whitelisting. Therefore, the platform would be especially effective for establishments whose requirements including having to know your customer.
  4. Fast and low cost: Stellar has only an insignificant transaction fee (.00001 XLM), unlike Ethereum, which has become progressively expensive at higher valuations. Furthermore, the Stellar is much faster than Ethereum, its median transaction time being far smaller; 5 seconds to 3.5 minutes respectively.

Stellar Partnerships

Originally Stellar received a $3M donation from Stripe, the Silicon Valley giant, which was given two billion XLM in exchange.

Furthermore, it has reached partnerships with IBM and KlickEx, while Deloitte, Tempo, and Parkway Projects have begun to build services on the network.

IBM Partnership

Additionally, Stellar is predominantly useful in the South Pacific, where it is responsible for close to 60% of cross-border payments in the retail exchange corridor.

With help from IBM, it aims to bring banking infrastructure to remote parts of the globe which cannot access common financial services.

The reasons for choosing this part of the world were because it was outside of any major trading corridors, and it includes a mixture of mature and developing economies, from Australia to Maewo.

While the initiative is in the commencement phase, it may develop more outside of this area once it gets past this stage.

Other Partnerships

A full list of organizations using Stellar can be found on their ‘User Directory.’

A small section of the list of companies using Stellar – Source: Stellar.org

Stellar’s Team, History, and Roadmap

Stellar has 13 team members, 3 board members, and 9 advisors currently listed on their website. Stellar is also hiring for those interested in a career at Stellar. More information can be found in the job section at the bottom of this guide.

Stellar’s Founders

The Stellar Platform was founded by Jed McCaleb and Joyce Kim.

It was the invention of Jed McCaleb, who was one of the co-founders of Ripple and a part of the initial Mt.Gox team.

On the other hand, Joyce Kim previously worked as a venture capitalist and was an entrepreneur.

Stellar’s Team

There is a worthy team in place at Stellar which include venture capitalists, entrepreneurs, and developers.

Part of the Stellar team – Source: Stellar.org

The chief scientist of the company is David Mazieres, a computer science professor at Stanford University. He was the chief brain in creating the Stellar consensus protocol.

Other names include Patrick Collison (CEO of Stripe) – Sam Altman (Y Combinator president) – Naval Ravikant (CEO of AngelList) and Shivani Siroya (CEO of InVenture).

Stellar’s History

In 2014, Jed McCaleb launched the network system Stellar with former lawyer Joyce Kim, and the nonprofit “Stellar Development Foundation” was created in partnership with Stripe officially launching in July 2014.

Patrick Collison (Stripe CEO) and McCaleb were in agreement that they had to establish a non-profit foundation which was separate from Stellar.

The cryptocurrency, initially known as Stellar, was later renamed to Lumens or XLM. By 2015, Stellar had roughly 3 million registered user accounts on its platform and XLM’s market cap was almost $15 million.

Its for-profit entity, Lightyear.io, launched in May 2017 to act as the commercial side of the company. Lightyear has now joined forces with Chain.com to become Interstellar.

In 2017, Stellar announced its benefits program, which awarded partners up to $2 million worth of XLM for the development of projects.

In September 2018, Lightyear Corporation attained Chain, and the mutual company was called Interstellar.

Stellar’s Roadmap

Stellar had two main goals in its roadmap for 2018.

The first was building a front-end for the Stellar Decentralized Exchange (SDEX). SDEX will enable on-chain and protocol-level exchanges for every Stellar token, and create liquidity in order to maximize asset choice and minimize spreads.

The second was implementing the Lightning Network on Stellar, which will increase the efficiency of private transactions having an enormously positive effect on Stellar’s long-term security and scalability.

Stellar’s 2019 roadmap has just been released.

The 2019 roadmap includes work, developments, and improvements on the following:

  • Horizon – A client-facing API server for the Stellar ecosystem.” – Goals for 2019 include bringing Horizon SDKs to parity, creating a technical spec for Core/Horizon API, and more.
  • Stellar Core – “The software that nodes on the network use to achieve consensus and validate transactions.” – Goals include improving decentralization while preserving performance and making node management easier and faster.
  • Product – “Everything from the brand and messaging for Stellar to building SDKs for Stellar-based apps.” – Goals include redesigning Stellar.org, publishing more content, making better tools, creating an open-source wallet, improving Kelp, and working on Starlight.
  • Ecosystem – “Stellar’s social and developer communities are among the most active in fintech.” – Goals include increasing marketplace and community presence, intergrating more community feedback, and collaborating with ecosystem projects.
  • Organization – Goals include hiring more good people and increasing clarity around SDF’s lumen holdings and distribution plans.

Stellar Incentive Programs

Stellar has two main incentives programs, namely the Partnership Grant Program, and the Build Challenge.

Stellar Partnership Grant Program

In order to incentivize and reward partners, Stellar awards a select group of them significant Lumen (XLM) grants (up to $2,000,000 worth) in order to ensure that they will be co-beneficiaries during the growth of the network.

The grant goes through two phases: Allocation and Award.

When an organization is selected, the amount of the grant is put in an escrow. This is the allocation phase.

The grant is subject to several milestones. When these are reached, the allotted amount will be given to the organization. This is the award phase.

In order to encourage the development of the Stellar ecosystem, the Stellar foundation has allotted 25 billion XLM to this program.

Stellar Build Challenge

The Stellar Build Challenge was a program which aimed to reward development and innovation in the Stellar ecosystem. It awarded funds to individuals who contributed to open-source projects.

The four topics that were in demand were an improvement of the Quorum Explorer, a trade bot, Peer to peer wallet and social trading.

However, the Stellar Build Challenge ended on August 15, 2018, and is no longer accepting entries.

The Stellar Community

Stellar has an active global community that openly invites others to join them on their mission to expand access to financial services for the billions of unbanked people around the world.

Stellar Social Media Channels & Resources

Stellar has six main social media channels:

  • Twitter (@stellarorg)
  • Reddit
  • Facebook
  • LinkedIn
  • GitHub
  • Keybase

Stellar Meetups

In order to further Stellars mission, the company helps organize meetups and provides guidelines on their website on how to do one.

Organizers need to specify the content they are going to discuss, handle the logistics and the communications of the meetup.

Stellar gives funding for events you host and asks organizers to use the official Stellar branding.

Stellar Jobs & Careers

Stellar is hiring!

Stellar has a list jobs available on their website which includes opportunities in design, engineering, marketing, operations, partnerships, and recruitment.

Jobs can be applied for online and filtered by city, team, and work type.

A small selection of the jobs / careers available at Stellar – Source: Stellar.org

Conclusion:

To conclude, Stellar is a stimulating project which has attracted significant interest throughout the crypto sphere.

Even though it faces serious competition, it has extensive use cases and offers numerous remarkable features.

More specifically, its working partnership with IBM and its rising number of partners around the world could lead to a positive future outlook. Stellar has massive potential to make wholesale changes to the financial sector.

Their bottom-up approach combined with the low fees makes it a force to be reckoned with in the cross-border money transfer sector.

For example, working individuals spend close to $44 billion on transaction fees through current traditional systems. This can produce an uneven impact on the underprivileged. Through Stellar, these unnecessary costs can be eradicated.

Specifically, the ultimate success of the platform will inevitably depend on mass adoption by both financial institutions and the masses. In case it succeeds, it is likely to transform the industry of cash transfers.

References

  • Stripe blog about their seed funding for Stellar
  • Understanding our relationship with Stellar by Stronghold
  • XLM total supply data from CoinMarketCap
  • Stellar’s roadmap for 2018 by Stellar.org
  • XLM trading on Binance
  • XLM distribution to Bitcoin holders by Stellar.org
  • Lumens (XLM) FAQ by Stellar.org
  • Stellar network information by Stellarbeat.io
  • ICICI Bank and Stellar by Center for Financial Inclusion
  • Tempo Money Transfer integration with Stellar
  • Worldwide consensus by Stellar Development Foundation
  • Defending against DDoS on Subreddit r/Stellar

What Is Stellar Lumens (XLM)? New AMAZING Guide to Stellar Coin for 2019 was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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XRP Price Prediction: XRP Is Trading Inside a Symmetrical Triangle, When Will the Breakdown/Out Occur?

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Long-Term Outlook

XRP Weekly Chart

A look at the Weekly chart for XRP shows that price is trading at $0.32, slightly above the major support area near $0.27.

The previous week’s candle had a large upper wick, indicating that sellers have the upper hand.

However, this week we have had a bullish hammer candle.

Price is trading below the 21 and 50-period moving averages, the former providing very close resistance to the price.

Price is also trading below the Ichimoku cloud. The most significant resistance area is found near $0.45.

The RSI is at 43, indicating neither overbought nor oversold conditions.

On a more positive note, the MACD has made a bullish cross and has started to move upward.

Medium-Term Outlook

XRP 3-Day Chart

A look at the 3-day chart shows that price has been following a descending resistance line which has been in place since September 2018.

Price has had four unsuccessful attempts at breaking out above but has been pushed back in every instance.

The 21 and 50-period moving averages have made a bearish cross, and the former is providing very close resistance to the price.

On a more positive note, there is some bullish divergence in the RSI, and the MACD is moving upward but is not positive yet.

XRP Daily Chart

A look at the Daily chart shows that price has been following an ascending support line for the past 32 days, forming a symmetrical triangle combined with the resistance from the previous chart.

The MACD has made a bearish cross but has not turned negative yet. The triangle is predicted to end in 6 days.

Short-Term Outlook and Price Prediction

XRP 4-Hour Chart

A look at the 4-hour chart shows that after reaching $0.35, the price made a double top pattern combined with bearish divergence, which dropped it all the way to the support line near $0.3.

Price is currently trading at $0.32. A break below the support line would put the double bottom scenario near $0.29 into play.

Price Prediction: I believe that during this week there will be minimal movement in price, which will fall back to the support line near $0.3.

Conclusions:

  • Price is trading below the long-term moving averages.
  • Price has been trading inside a symmetrical triangle for the past 32 days.
  • The drop was preceded by short-term bearish divergence.

XRP Price Prediction: XRP Is Trading Inside a Symmetrical Triangle, When Will the Breakdown/Out Occur? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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Binance Coin [BNB] Vs Ethereum [ETH] – BNB Holds Strong Despite Altcoin Drops

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BNB Weekly Chart

Binance Coin continues to outperform as most altcoins are recording drops.

Binance is the best performer among top cryptocurrencies over the past 24 hours, seven days, and thirty days.

It has overtaken Tron to become the ninth largest cryptocurrency by market cap and is also close to overtaking Stellar Lumens which is currently ranked eighth.

The appreciation recorded this week brought BNB above a key weekly level at $10.68

In price action last week, the price rose above this level, but sellers quickly brought the price back below.

Price looks highly likely to close above the level this time, and the level may now come into play as strong support if the price drops back down.

BNB Daily Chart

The increase has also resulted in Binance forming a new high.

The former high was surpassed, but sellers have since brought the price back below the point of the former high.

A Doji candle is currently forming on the daily. A Doji candle is a candle where the open and the close are around the same point and typically reflects uncertainty from traders.

A bearish divergence is also forming on the daily indicating that we may see a trend reversal in the near-term.

A bearish divergence is a trend reversal pattern that takes place when the price goes on to form higher highs and the RSI forms lower highs.

This indicates price is continuing to increase despite buying pressure falling.

The fact that altcoins are trading downwards while BNB continues to increase may be one of the key factors in why a bearish divergence is forming, putting downward market pressure on BNB.

BNB Hourly Chart

On the shorter term timeframe, we can see that the price is trading at the point of its former high.

It is likely currently meeting some resistance at this point after a brief drop brought the price back below this point.

Ethereum Daily Chart

Other altcoins have been recording considerable drops.

The leading altcoin by market cap, Ethereum, has dropped 2.45% over the past 24 hours based on data from Messari.

Ethereum 4-Hour Chart

Price had been meeting seller liquidity at $140 several times since the drop which took place on Sunday.

After failing to overcome this resistance point, we are now seeing a drop towards support at $127.

Price briefly crashed towards this support level earlier in the week but quickly recovered.

Key Takeaways:

  • BNB continues to outperform despite drops taking place in altcoins.
  • The price of BNB is highly likely to close above an important weekly level at $10.68. However, it may see some drops in the near-term with a bearish divergence forming on the daily and also a Doji candle forming.
  • After finding seller liquidity numerous times at $140, Ethereum is now dropping towards support at $127.

Binance Coin [BNB] Vs Ethereum [ETH] – BNB Holds Strong Despite Altcoin Drops was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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Litecoin (LTC) Price Positioned For Next Bullish Break

  • Litecoin price declined sharply after trading as high as $53.50 against the US Dollar.
  • LTC price tested the $42.50 support and it is currently moving higher towards $50.00.
  • There is a major bullish trend line in place with support at $44.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair is likely to break the $47.00 resistance to set the pace for a fresh rally above $50.00.

Litecoin price formed a strong support near $42.50 against the US Dollar. LTC is positioned nicely above $44.00 and it could soon break the $48.00 and $50.00 resistance levels.

Litecoin Price Analysis

Recently, there was a strong upward move in litecoin price above the $48.00 and $50.00 resistances against the US Dollar. The LTC/USD pair even broke the $52.00 level and traded towards the $53.50 level. Later, all major cryptos such as bitcoin, ripple, Ethereum, and bitcoin cash declined heavily. Litecoin also followed a similar pattern and declined heavily below the $50.00 support. It broke the $48.00 and $45.00 support levels to enter a bearish zone. There was even a close below the $48.00 level and the 55 simple moving average (4-hours).

However, the $42.50 support level acted as a crucial barrier for sellers. The price started consolidating above $42.50 and formed a support base. It corrected above the $45.00 level and the 23.6% Fib retracement level of the last decline from the $53.50 high to $42.53 low. At the outset, the price is facing a significant resistance near the $46.80 and $47.00 levels. Besides, the 55 simple moving average (4-hours) is also positioned near the $47.00 level.

The next key resistance is near the $48.00 level. It represents the 50% Fib retracement level of the last decline from the $53.50 high to $42.53 low. The current price action is positive and it seems like buyers could make an attempt to pierce the $47.00 and $48.00 resistance levels. If they succeed, the price could even break the $50.00 barrier and rally towards the $53.50 swing high.

Litecoin Price Analysis LTC Chart

Looking at the chart, litecoin price is clearly trading with a positive angle above $44.00. Once there is a clear break above $48.00, the price could start a fresh upward move. On the downside, there is a major bullish trend line in place with support at $44.00 on the same chart. Below $44.00, the price may retest the $42.50 support.

Technical indicators

4 hours MACD – The MACD for LTC/USD is gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is now placed nicely above the 50 level, with a bullish angle.

Key Support Levels – $44.00 and $42.50.

Key Resistance Levels – $47.00 and $48.00.

The post Litecoin (LTC) Price Positioned For Next Bullish Break appeared first on Live Bitcoin News.

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