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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://finance.media.yahoo.com/news/back-above-300-ether-building-153543464.html",
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      "body": "The ether-US dollar (ETH/USD) exchange may be looking to regain some of its past momentum.\n\nEther's ongoing love affair with the psychological level of $300 continues amid low trading volume. At press time, ETH is trading in a sideways manner around the $304 level. Week-on-week, the cryptocurrency is up 4.12 percent, while on a monthly basis, the market has seen a 2 percent loss overall.\n\nDespite trading in and around that range, the market has seen some more notable fluctuations in recent weeks. China and South Korea's respective crackdowns on the ICO funding model had an impact, with prices tumbling to a low of $198 on September 15. Markets regained their position somewhat in the days that followed.\n\nStill, the cryptocurrency's price lags behind that of bitcoin, which is only 4.8 percent short of the market's record high. Meanwhile, ether is still down at least 30 percent from the record high of $400 set in early September.\n\nThat said, speculation is rife that fears around additional ICO restrictions from other regulators are keeping ether bulls at bay. This theory may be evident from the low volumes seen in ETH trading pairs.\n\nStill, all is not lost as the price action analysis points to a bullish continuation pattern.\n\nDaily chart\n\n![download-7.png](https://steemitimages.com/DQmSQQQqk6UfpLb2YJtaTDNUWC7xoS4oGukxSCWiKjcpJ39/download-7.png)\n\nThe chart above shows:\n\nAn ascending triangle pattern\nA bullish 14-day relative strength index (RSI)\nWeak trading volumes\nStrong price resistance at $315\nThe ascending triangle is similar to the symmetrical triangle, except that only one side is sloping. It is characterized by a usually flat level of resistance ($315 on the ETH chart) at the top, with the lower side sloping upwards as the price reaches higher lows.\n\nView\n\nAn end-of-the-day close above $315 (bullish break of the ascending triangle pattern) would open up an upside toward the $350 levels.\n\nA more bearish scenario: another rejection at $315 takes place, followed by a break below $280 (the September 29 low) that could lead to a quick fire sell-off to $213 (the 200-day moving average).\n\nIt's worth noting that ascending triangles (which are characterized by higher lows) usually result in an upside break. Thus, the odds of a bullish move are high. The only concern is low volumes, although a potential upside break of the ascending triangle could entice bulls – thus leading to higher volumes in the near future.",
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      "body": "![download.jpg](https://steemitimages.com/DQmUD1osT9TazUYPBxSMMGnBuiLxyuAtjLeDWWhVXaJizn6/download.jpg)\n\nBitcoins are seen in this illustration picture taken September 27, 2017.\nREUTERS/DADO RUVIC/ILLUSTRATION\n\n(Reuters) - President Vladimir Putin said on Tuesday crypto-currencies were risky and used for crime, as Russia's central bank said it would block websites selling bitcoin and its rivals - a change of tone from a month-old promise to legalize the market.\n\nCentral Bank First Deputy Governor Sergei Shvetsov told a conference in Moscow that the currencies were \"dubious\" and investors needed to be protected.\n\n\"We cannot stand apart. We cannot give direct and easy access to such dubious instruments for retail (investors),\" Shvetsov said.\n\nAround 1,000 miles (1,600 km) further south in the resort of Sochi, Putin told reporters that crypto-currencies could be used to launder money, evade taxes and finance terrorism.\n\nADVERTISEMENT\n\n\"The usage of crypto-currencies carries serious risks. I know the central bank's position on that,\" Putin said.\n\n\"Crypto-currencies are issued by an unlimited number of anonymous bodies. Thus buyers of crypto-currencies could be involved in unlawful activities,\" Putin said.\n\nRussian financial authorities initially treated any sort of money issued by non-state approved institutions as illegal, saying they could be used to launder money.\n\nBut Finance Minister Anton Siluanov said last month that the authorities had to accept that the virtual currencies existed.\n\n\"There is no sense in banning them, there is a need to regulate them,\" Siluanov said in September, adding that his ministry was working on a law including registration of those willing to buy the virtual money.\n\nThere was no one immediately available to comment from the finance ministry on whether the new comments on Tuesday meant that plan was now dead.\n\nOn Tuesday, Shvetsov told a conference on financial market derivatives in Moscow the central bank sees rising interest in crypto-currencies because of high returns to date.\n\nHe said they gradually transformed into high-yielding assets from being means of payment.\n\nADVERTISEMENT\n\nBitcoin, the most well-known virtual currency that emerged in mid-2010, last traded at around $4,807 BTC=BTSP, up from its initial price of less than $1.\n\n\"We think that for our citizens, for businesses the usage of such crypto-currencies as an investment object carries unreasonably high risks,\" he said.\n\n(Writing by Andrey Ostroukh; Editing by Andrew Heavens",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://themerkle.com/litecoin-price-hovers-around-50-but-looks-to-break-upward/",
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      "body": "![shutterstock_679835581-1.jpg](https://steemitimages.com/DQmW9UD3EWqJDZCRDWbZWYwKgCsZUquQp18FoduUmvKAWMZ/shutterstock_679835581-1.jpg)\n\nA lot of people have assumed that altcoins would gain in value after recovering from the current Bitcoin price action. It is unclear exactly when that will happen, though. In particular, things are not looking all that great for the Litecoin price right now. Despite a push to US$54.43 less than a day ago, the price has since reverted to US$48.70 all of a sudden. It will be interesting to see what this Litecoin price momentum brings in the coming days.\n\nThe Litecoin Price is a Rollercoaster\n\nIt is evident the cryptocurrency markets will experience a very volatile period over the coming hours and days. Every time the Bitcoin price goes up in a significant manner, altcoins tend to suffer for an extended period of time. Right now, most alternative currencies are trying to keep losses to a minimum, but that is a lot easier said than done under the current circumstances. Litecoin is doing a good job, though, as its price has “only” dropped by 3.23% in the past 24 hours.\n\nThat being said, any sort of loss during the current Bitcoin price trend is to be expected. While a lot of altcoin supporters may not necessarily like to see this happen, it is something no currency can escape right now. The Litecoin price is still sitting at or slightly above US$50, even though many enthusiasts had expected it to be well above US$75 right now. That may still happen eventually, depending on how the markets evolve in the next few days and weeks.\n\nFor the Litecoin price, the past week has been filled with both hope and despair. The week started off great with a quick rise to US$52.50, although that didn’t last long. Despite two brief dips, the price eventually surpassed US$54, which was considered to be a rather positive sign. For some unknown reason, people then started pushing the Litecoin price down to US$48.70 all of a sudden, although that dip was bought pretty quickly.\n\n\n\nWith the Litecoin price now hovering around US$50, it will be even more interesting to see what the future will hold. One number worth keeping an eye on is the Litecoin trading volume, as it is anything but spectacular right now. More specifically, with just US$147.35 million of volume over the past 24 hours, Litecoin is seemingly struggling a bit.\n\nWith the Chinese exchanges nearly out of the picture, this lower volume is to be expected, though. Litecoin’s current top markets are GDAX, Bitfinex, and Bithumb. It is interesting to see GDAX at the top of this list for a change, as its LTC/USD trading pair currently brings in US$22.36 million. That’s a positive sign, as it shows the Litecoin demand is strong in the fiat currency markets right now.\n\nAlthough the Litecoin price is lower than it could – or perhaps should – be at this point, there is no reason to grow concerned just yet. Good things will come to those who are patient. Unfortunately, patience is difficult to come by in the world of cryptocurrency these days. In a few days or weeks from now, people may look back at the LTC price of US$50 and wonder why they didn’t buy more.",
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