The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Calls Big Bitcoin Breakout in Three Days – BTC, XRP, Ripple, Litecoin Newsflash

by Daily Hodl Staff
December 9, 2019
in Altcoins, Bitcoin

From Bitcoin’s short-term trajectory to Ripple’s push to bring blockchain to academia, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

A crypto analyst known in the industry as The Cryptomist says Bitcoin may be poised for a big breakout.

In a series of tweets to her 43,000 followers, the analyst says BTC appears to be in an ascending triangle and could breakout in a matter of days.

“A possible ascending triangle to look out for Like I have been saying for the past week and a bit. I am favoring longs right now, (however, possibility of one more move down for bears)…

Targets from last week remain the same:

– 7700
– 8450
– 9400

Not long now.”

https://twitter.com/TheCryptomist/status/1203650708706340864

Meanwhile, a fellow analyst who goes by the name Magic is far more bearish.

Although the analyst agrees that BTC may move to the upside in the short term, Magic tells his crew of 31,000 followers that the leading cryptocurrency will remain locked in a retracement for the foreseeable future.

“BTC and the others may try for an upside breakout in the coming days. However, if BTC puts in yet another lower high, it will likely breakdown below the recently contested critical support at 7250.

We may see a short term reversal, but BTC remains in a bear market downtrend.”

Ripple and XRP

The University of Texas at Austin says it’s looking to hand out grants to faculty members and graduate students who want to launch research projects centered on blockchain and cryptocurrency.

The program is backed by Ripple, which partnered with the university in November of last year to accelerate the understanding of blockchain in academia.

“The funding is made available through a generous gift made by Ripple Labs Inc.

Students and faculty members receiving funding from the initiative shall hold the title of ‘Ripple Graduate Fellow’ and ‘Ripple Fellow,’ respectively, during the funding period, and acknowledge the grant from the Blockchain Initiative at Texas McCombs in their research papers.”

Litecoin

Litecoin creator Charlie Lee says there are multiple reasons why LTC is a necessary and important crypto asset.

In a new interview on the Let’s Talk Bitcoin podcast, Lee spotlights the coin’s biggest strengths and its overall liquidity.

“So with shorter blocktimes and cheaper fees [than Bitcoin], it’s quite good for payments and people use it quite a bit. And it’s also good for testing new stuff. Litecoin’s market cap is a lot smaller than Bitcoin’s. So we can take a little bit more risk and do stuff that potentially Bitcoin would be too conservative to do…

These network protocols, currencies – they have a network effect. So if everyone’s using it, you want to be using the one with the most liquidity, the one that’s on all the exchanges that you can easily switch back between fiat and cryptocurrency. So Litecoin benefits from that because, for example, the Chinese exchanges all added Litecoin as a second cryptocurrency.

And Litecoin now is on pretty much every single exchange. So it’s very easy for anyone, anywhere to move their money to Litecoin and obviously Bitcoin. So that helps a lot for onboarding new users. And that definitely has a network effect. Once you’re supported by all the exchanges – for example, two-thirds of the Bitcoin ATMs support Litecoin because it’s easy to implement and it’s supported everywhere.”

You can check out the full interview here.

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • MoonX: BYDFi’s On-Chain Trading Engine — A Ticket from CEX to DEX
    May 13, 2025
  • Canelo Álvarez Joins 1win as Global Ambassador After Historic Title Victory
    May 13, 2025
  • AB DAO and AB Charity Foundation Join Forces To Build a Trustworthy Infrastructure and Promote Global Philanthropic Transformation
    May 12, 2025
  • Sonic Labs Announces $10 Million Token Sale to Galaxy for US Expansion
    May 12, 2025
  • New Purpose-Built Blockchain T-Rex Raises $17 Million To Transform Attention Layer in Web 3.0
    May 8, 2025
  • Flipster Makes Esports Debut As Official Crypto Exchange Partner of TALON’s Dota Two Team, Powering a New Era of Fan Engagement
    May 7, 2025
  • Bybit Bounces Back – Kaiko Validates Fast Liquidity Recovery Post $1.5 Billion Hack
    May 7, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$103,776.80
$103,776.80
0.37%
Ethereum
$2,508.59
$2,508.59
1.34%
BNB
$653.38
$653.38
4.53%
Solana
$174.65
$174.65
0.17%
XRP
$2.54
$2.54
3.08%

Spotlight

  • Bitcoin Transitioning From Risk To Hedge Asset As Institutions and Governments Adopt BTC, Says Bitwise CIO
    May 6, 2025
  • Vitalik Buterin Warns Ethereum Has Become Needlessly Complex, Calls for Mass Simplification of Chain
    May 6, 2025
  • Bitcoin Has ‘One Final Leg’ of Outperformance Before Altcoins See Boost, According to Crypto Analyst
    May 6, 2025
  • Matt Hougan Reveals Massive ‘Base Case’ Price Target for Bitcoin by Year-End Despite Potential Political Threats
    May 6, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl