Day: July 24, 2025

Litecoin (LTC) Bullish Continuation: The Next Leg to $132.63 Is In Sight

Posted on by Roy Levine

Litecoin (LTC) continues to validate the bullish structure we highlighted in our previous July 3 analysis — and with price action unfolding in line with our forecast, the next critical resistance level at $132.63 now appears increasingly attainable.

Litecoin Thumbnail Image
Litecoin (LTC) Bullish Looking Thumbnail Image

As seen in the Daily and Weekly charts, LTC has been climbing steadily after rebounding off the mid-June lows near $72.12, a zone aligned with the 61.8% Fibonacci retracement from the previous bullish leg. This bounce marked a classic golden ratio pivot, sparking renewed bullish momentum that has continued through July.

Current Technical Setup: Eyes on the Inflection Point

On the Daily Chart:

  • LTC is currently trading around $113.71, just above the short-term key support of $110.25.

  • Notably, the next short-term key-resistance is around the corner at $119.63.

  • The structure reflects a bullish consolidation just beneath the resistance ceiling — a classic ascending triangle pattern, often a precursor to breakout rallies.

Litecoin Daily Chart
Litecoin (LTC) Bullish Looking Daily Chart

On the Weekly Chart:

  • LTC is challenging the intermediate resistance and inflection point at $113.92.

  • This level is a critical juncture: a Weekly close above this zone would represent a definitive bullish breakout, potentially removing the final obstacle toward the major long-term resistance and our official target at $132.63.

  • The protective stop-loss remains ideally placed just under $106.45, guarding against volatility-induced shakeouts.

Given these dynamics, the current situation is a “make-or-break” inflection point for Litecoin. However, the trend and momentum indicators continue to favor the bulls. A clean breach above $113.92 should ignite the next leg higher.

Litecoin Weekly Chart
Litecoin (LTC) Bullish Looking Weekly Chart

Projected Move: Breakout Toward $132.63

A successful breakout above $113.92–$119.63 could unleash a rapid push to the major resistance zone of $132.63, representing:

  • A potential 16–18% upside from current levels.

  • A critical retest of the 2024/early-2025 high zone, where prior rejection occurred.

This breakout would also mark the completion of a mid-term bullish reversal structure, potentially setting the tone for longer-term accumulation and breakout beyond $140 if market conditions remain favorable.

Litecoin Ecosystem & Technology Update

Beyond price action, Litecoin’s network fundamentals and ongoing ecosystem upgrades continue to provide strong tailwinds:

MimbleWimble Privacy Layer Gains Adoption

  • The MimbleWimble Extension Block (MWEB), designed to enhance transaction privacy and scalability, has seen a notable increase in use across wallets and exchanges.

  • More than 20% of all LTC transactions in July utilized MWEB — a positive sign for Litecoin’s appeal as a privacy-enhanced medium of exchange.

Network Usage Remains Strong

  • Litecoin’s daily transaction count has maintained a consistent level, often exceeding 140,000 transactions per day.

  • The network remains one of the cheapest and fastest among UTXO blockchains, with average fees well below $0.01 — a critical advantage during peak congestion on other chains.

New Payment Integrations

  • Litecoin continues to see integration with major global payment platforms. Most recently, NOWPayments and BitPay expanded merchant coverage for LTC, reinforcing its position as a “spendable” crypto.

  • New DeFi bridges and synthetic asset platforms now allow Litecoin to be used in staking and yield-generation products across multiple EVM-compatible chains.

Conclusion: Bullish Thesis Firmly Intact

The technical picture and ecosystem developments paint a bullish scenario for Litecoin. The price is pushing against a critical resistance wall at $113.92. A confirmed breakout here would clear the way to our longstanding target at $132.63.

Key Levels to Watch:

  • Immediate resistance: $114.67–$119.63

  • Breakout confirmation: Weekly close above $113.92

  • Target: $132.63

  • Protective stop: $106.45 (maintained from previous setup)

Barring unexpected macro reversals, Litecoin remains positioned for a bullish continuation, and the probability of hitting the $132.63 target in the coming weeks is rising.

Drop Off for Cryptocurrency Market- What Does It Mean?

Posted on by Timothy St. John

Many of the crypto coins that surged earlier in the week are way down on Thursday. Does this indicate that the market is retreating, and should investors worry?

The crypto surge seems to have come to an end.
The crypto surge seems to have come to an end.

Bitcoin (BTC) may not have moved much this week, but a number of high profile crypto coins have plummeted since their early week highs. XRP (XRP) has lost an astounding 8.47% since the previous day, and Dogecoin (DOGE) is down by 6.87% over the last 24 hours. Other notable coins that have fallen significantly in the last 24 hours include Tron, Cardano, Stellar, and Hedera.

[[ETH/USD]]

Despite impressive gains early in the week off the back of the GENIUS Act for stablecoins being signed into law, many crypto tokens have dropped from last week’s levels. A number of them have wiped out their gains from the start of the week and are now lower than when the week began. Does this mean the market is headed into a state of retreat and will continue to trend downward?

Mixed Crypto Market Trends

As we look at the 24-hour and 7-day changes for a number of cryptocurrency tokens, it is obvious that they are not all experiencing the same issues. Bitcoin is down just 0.03% for the day, while Solana (SOL) has lost 5.45% in the same period. Over the last seven days, Bitcoin has actually gained a slight 0.39%.

Compare that to Ethereum (ETH) which rose much higher this week initially. That coin is up 5.81% for the week, although its last 24 hours have seen a drop of 0.81%. Bitcoin and Ethereum indicate that the strongest coins are weathering the massive upswings and downswings with some level of stability. The same cannot be said for all of the top-ranking coins, though.

Driving the market’s instability is the GENIUS Act, which makes stablecoins more widely available to the public. This creates a positive effect for the crypto market, since many investors buy stablecoins and hold them until they are ready to exchange them for more mobile coins like Ethereum and Bitcoin. The entire market will benefit from the Act, but the coins that are likely to experience the biggest benefits are those coins that people use the most, like ETH and BTC.

This is why the less frequently used coins are not as stable right now. They are fluctuating wildly between highs and lows and are retreating more on Thursday than the most frequently purchased coins. As helpful as the GENIUS Act is for the entire industry, it will be significantly less beneficial for smaller coins that people are less likely to buy.

We expect that BTC and ETH will retain much of their recent gains and may even climb today, even without any additional major developments in the crypto market. Investors should be wary of putting their money too heavily in the other coins, though, since they are fluctuating severely.  

 

Stock Market Trading Close to All-Time Highs Still

Posted on by Timothy St. John

Wednesday was another day of incredible highs for the stock market, with a couple of unexpected names making the biggest waves as the market remains strong.

Nasdaq trended upward on Wednesday, along with the other market indices.
Nasdaq trended upward on Wednesday, along with the other market indices.

Krispy Kreme (DNUT) and GoPro (GPRO) made waves on Wednesday with very high stock values during the day. Krispy Kreme rose 4.60% while GoPro added an astounding 12.41%. Meanwhile, the Nasdaq Composite and S%P 500 continue to stay near record highs.

The day closed off Wednesday with the Nasdaq up by 0.61%, making a strong recovery from the previous day’s dip. The S&P 500 added 0.78%, capping off another day as a strong mover among the big three stock market indices. It was the Dow Jones, however, that made the biggest upward swing on Wednesday with an increase of 1.14%.

Will We Continue to Have a Strong Market?

The Dow enjoyed a surge in momentum thanks to many of its stocks gaining more than 2% for the day, including Boeing, Nvidia, UnitedHealth, and Merck & Co. On the lower end of the Dow, no stock dropped more than 0.76% for the day, making it easy for the index to grow substantially. The Dow is now back to numbers on par with its highest point for the year, which was previously back in January.

The stock market seems relatively unbothered by new tariff action taken by Donald Trump, especially now that a trade deal has been reached with one of the country’s biggest trade partners- Japan. The win there will likely continue to be the story as other countries negotiate with the United States and come close to what Trump is asking them for. Trump has proven that he can play hardball, and with so many countries already onboard his new tariff plans, the stock market is able to relax and expect that the very high tariffs that have been already announced will likely come down before going into effect.

A couple of major companies posted their earnings on Wednesday after the closing bell, including Tesla (TSLA) and Alphabet (GOOG). Tesla continued to underperform and miss the mark on analyst expectations. Alphabet exceeded expectations, though and should be climbing on Thursday as the market opens.

For Thursday, expect the market to continue its run of record highs and for the overall thrust of the stocks to be upward. This situation can only improve if the Federal Reserve announces an interest rate cut, as it is expected to do in the near future.

 

XRP Eyes 100% Rally as Altcoin Season Heats Up and Price Rebounds Off $2.96

Posted on by Arslan Butt

XRP is trading at $3.10 after a 10.2% correction in the last 24 hours, down from its year-to-date high of $3.66. Despite the drop, crypto analysts are still bullish on the token’s long term—especially if altcoin momentum continues.

Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, thinks XRP could go beyond its all-time high of $3.84 set in January 2018.

“A move beyond the current all-time high would not be surprising if momentum holds,” he told Cointelegraph.

So far XRP has recovered in line with the broader altcoin trend. There is no XRP specific catalyst but as traders rotate out of Bitcoin, analysts believe altcoins—including XRP—are due for another leg up.

Altcoin Season Strengthens XRP’s Bull Case

Recent data supports the thesis. Over the last 30 days Bitcoin dominance has dropped 5.41%, a clear sign that capital is flowing into altcoins. The Altcoin Season Index also flipped into official “Altcoin Season” last Sunday.

Key factors that strengthen XRP’s near term:

  • XRP is still above 50 day EMA
  • RSI has normalized around 50, a neutral reset
  • Broader altcoin sentiment is bullish with rising liquidity

Dom, a popular crypto analyst, thinks XRP could go to $7-$10 if the altcoin breakout is strong. But be cautious. XRP is very sensitive to market sentiment and regulatory headlines.

XRP Bounces Off $2.96 Key Support

From a technical standpoint XRP’s drop from $3.6591 triggered a sell off once it broke below 50 EMA ($3.3621) and 100 EMA ($3.2962). Price finally stabilized at $2.9614, a level that was resistance before and now support.

XRP Price Chart - Source: Tradingview
XRP Price Chart – Source: Tradingview
  • Supports: $2.9614, $2.8076, $2.6616
  • Resistances: $3.2301 short term; $3.4286, $3.65 long term
  • Trend: XRP still has a higher low from early July
  • EMA Watch: Need to reclaim 100 EMA to get back to upside

The bounce is showing early signs of life but a move above $3.23 with volume is needed to confirm the reversal. Until then the chart is still bullish.

Conclusion

XRP holding $2.96 is good news especially with altcoin season kicking in. If market stays risk on and bulls reclaim the resistance zones at $3.23 and $3.42 we could see a move back to $3.84 and beyond.

GBP/USD Eyes Breakout as Pound Rises Despite BoE Cut Bets and Fiscal Woes

Posted on by Arslan Butt

Thursday saw the British pound hold firm against the US dollar, trading near 1.3569 after a big bounce from last week’s 1.3367 low. This despite renewed concerns over UK public finances and a dovish shift in expectations for the Bank of England (BoE).

The UK government’s borrowing figures released Tuesday showed a worrying rise – the second highest June reading since 1993 – driven by high interest costs due to inflation. And talk of tax hikes in the Autumn Statement is back on the table.

But the Pound shrugged it off. Much of the bad news is priced in and markets are waiting for a 25 basis point BoE rate cut in August. Big players like Goldman Sachs and Bank of America are now expecting easing but sentiment is surprisingly steady as the UK economy shows signs of life.

GBP Data Mixed

This morning’s flash PMI figures from the UK showed a slight divergence in sector performance. Services PMI was steady at 52.8, Manufacturing PMI dipped to 47.9, still in contraction. Higher social security costs may be weighing on employment but the steady services reading supported confidence.

Now attention is turning to Friday’s BoE commentary and growth figures. Will the BoE be more dovish or pause, especially with fiscal strain and soft demand?

GBP/USD Hits Technical Barrier at 1.3588

From a technical view, GBP/USD has risen 200 pips from the July lows and is now testing the descending trendline resistance from the June high. The pair is trading just below 1.3588, a level that is both horizontal and dynamic resistance.

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart – Source: Tradingview
  • 50-SMA on the 4H chart at 1.3459 is strong support
  • RSI is 68.90, overbought
  • Price has made higher lows, bullish

If bulls can break above 1.3588-1.3600, the next level of resistance is 1.3670 then 1.3722. But if price stalls and prints bearish candles near the trendline, a pullback to 1.3523 or 1.3459 could happen before the next leg up.

Summary

GBP/USD is at the wire, technical and dollar driven. US PMIs and new home sales out today, be ready for action.

FTX to Begin $1.9B Distribution to Creditors by September 30, 2025

Posted on by Arslan Butt

FTX has announced its next creditor payout. In a press release today, FTX said the record date for the upcoming distribution is August 15 with payments expected to start on or around September 30, 2025. This is a big step in the ongoing bankruptcy process as creditors wait for some recovery from the multi-billion dollar collapse.

The distribution applies to:

  • Class 5 Customer Entitlement Claims
  • Class 6 General Unsecured Claims
  • Outstanding Convenience Claims not settled in previous distributions

These claims must have been allowed after earlier deadlines but not paid.

$1.9B Reserve Reduction Approved

FTX got court approval to reduce its disputed claims reserve by $1.9 billion from $6.5 billion to $4.3 billion. This unlocks more liquidity so FTX can pay more verified claimants.

This reserve reduction means FTX has resolved a lot of previously disputed claims so stakeholders have more confidence in the payout timeline.

Distribution will be through three service providers:

  • BitGo
  • Kraken
  • Payoneer

FTX says creditors must complete KYC verification with one of the providers to receive funds. If you don’t complete this step, payments will be delayed.

What Creditors Should Do Now

To get paid, creditors need to act fast. With the record date set for August 15, claimants must make sure all documentation and KYC verification is complete.

Action items for eligible creditors:

  • Verify claim eligibility under Class 5, Class 6 or Convenience categories
  • Complete KYC process through BitGo, Kraken or Payoneer
  • Ensure all contact and banking info is up to date

Legal and financial advisors warn that if you don’t meet these requirements you will be excluded from this distribution.

FTX’s bankruptcy has been under the microscope since the exchange collapsed in late 2022. With billions at stake and more distributions to come, this $1.9 billion payout could be the first real relief for thousands of creditors caught in the fallout.

EUR/USD Edges Lower as Traders Await ECB Decision, Eyes on 1.1830 Breakout

Posted on by Arslan Butt

During the Asian session on Thursday, the EUR/USD pair softened slightly and traded near 1.1720 after gaining 1.3% over the past three days. The pair struggled to extend gains as market sentiment turned cautious ahead of Thursday’s European Central Bank (ECB) meeting and the renewed tensions between the EU and the US over trade.

EU-US Trade Dispute Weighs on Euro

Despite the improvement in global risk appetite following the US-Japan trade deal, the Euro is under pressure due to the stalled talks with the US. Talks over a 30% tariff on EU goods have made little progress and are unsettling investors. EU delegates are traveling to Washington today to revive talks and draft retaliatory measures, so the uncertainty around transatlantic trade is still high.

This has limited fresh buying in the Euro as traders wait for clarity on both trade talks and Thursday’s ECB communication.

Eurozone Sentiment Still Weak Ahead of ECB

Meanwhile, Eurozone consumer confidence is still weak. The European Commission’s Consumer Sentiment Index for July is due later today and is expected to edge up to -15.0 from -15.3, still below the historical average. The data reflects the ongoing concerns about the region’s economy and will keep pressure on the ECB to be dovish.

Markets expect the ECB to keep rates unchanged but the forward guidance on growth risks, inflation and future policy moves will drive Euro volatility.

US Dollar Strengthens on Japan Trade Deal

On the US side, the dollar strengthened after President Donald Trump announced a trade deal with Japan, which includes reducing tariffs from 25% to 15% and a $550 billion investment. This news has put pressure on the EUR/USD pair. Traders are also watching the Fed’s stance, with inflation and trade tensions impacting future rate expectations.

EUR/USD Technical Outlook: 1.1830 Resistance in Sight

From a technical perspective, EUR/USD has broken out of the descending channel and is bullish. The breakout above 1.1712, confirmed by a strong bullish engulfing candle, is a clear trend reversal.

EUR/USD Price Chart - Source: Tradingview
EUR/USD Price Chart – Source: Tradingview

The pair is now above the channel and the 50-period SMA, a setup that often precedes a strong move up.RSI is at 67.83, strong momentum without being overbought. Recent consolidation at 1.1780 is a bullish flag, so the move can continue. As long as the price is above 1.1712, the structure is still bullish.

  • Immediate resistance at 1.1780. Clean break above this level and 1.1830 is next, then 1.1876.
  • Support at 1.1712, then 1.1668 (50-SMA).

Overall, with bullish technicals and momentum building, EUR/USD can continue higher if Thursday’s ECB is Euro positive.

Forex Signals Brief July 24: Focus on ECB Decision and Earnings Highlights

Posted on by Skerdian Meta

Markets look ahead to a packed Thursday featuring the European Central Bank’s policy decision, a wave of PMI releases, and earnings reports that could set the tone for the rest of the trading week. Continue reading “Forex Signals Brief July 24: Focus on ECB Decision and Earnings Highlights” →

Forex Market Summary – A daily overview of the market’s – July 24, 2025

Posted on by Louis Schoeman

Forex Market Summary: Cautious Optimism Amid Economic Uncertainty

The forex market exhibited a cautious tone today as traders navigated through a mix of economic data and geopolitical concerns. While some currencies demonstrated resilience, others faced pressure due to fluctuating market sentiments.

  • EUR/USD: The Euro gained strength against the Dollar, trading at 1.1070, bolstered by positive economic indicators from the Eurozone.
  • GBP/USD: The British Pound showed slight volatility, hovering around 1.2500 as traders reacted to mixed signals from the UK’s economic data.
  • USD/JPY: The Japanese Yen saw a decline, trading at 144.50, as the Bank of Japan maintains its ultra-loose monetary policy.
  • AUD/USD: The Australian Dollar rose to 0.6500, supported by a rebound in commodity prices and positive trade data.
  • USD/CAD: The Canadian Dollar remained stable at 1.3500, influenced by fluctuating oil prices and strong employment figures out of Canada.

Notable Economic Events and Their Impact

Today’s economic calendar featured several key events that influenced market movements:

  • U.S. Non-Farm Payrolls (NFP): The NFP report indicated a stronger-than-expected job creation figure, which initially boosted the Dollar but was tempered by concerns over wage growth.
  • Eurozone GDP Growth: The preliminary GDP report showed a better-than-expected growth rate of 0.3% quarter-on-quarter, strengthening the Euro as traders anticipated a potential shift in the ECB’s monetary policy.
  • UK Inflation Data: The inflation figures came in slightly higher than forecasts, leading to speculation about potential rate hikes by the Bank of England, which provided temporary support for the Pound.
  • Australian Trade Balance: An unexpected surplus in the trade balance encouraged a bullish sentiment towards the Australian Dollar, prompting traders to increase their long positions.

Overall Market Sentiment

Overall, the market sentiment remains cautious but optimistic, with traders assessing the potential impacts of economic data releases against the backdrop of geopolitical tensions. While some currencies are benefitting from positive data, concerns regarding inflation and interest rate hikes continue to create volatility. The focus now shifts to upcoming central bank meetings, where further clarity on monetary policy directions is anticipated. Traders are advised to remain vigilant and adapt their strategies accordingly as the market navigates through this uncertain environment.

Forex Market Summary – A daily overview of the market’s – July 24, 2025

Posted on by Louis Schoeman

Forex Market Summary: Mixed Sentiment Amid Economic Data Releases

The forex market experienced a mixed tone today as traders digested a series of economic indicators from major economies, leading to notable fluctuations in key currency pairs. Volatility was evident as risk appetite shifted throughout the trading session.

  • EUR/USD: The Euro gained against the Dollar, moving up by 0.4% as positive economic data from the Eurozone bolstered investor confidence.
  • GBP/USD: The British Pound weakened slightly, down 0.2%, as concerns about ongoing political uncertainties in the UK weighed on the currency.
  • USD/JPY: The Dollar advanced against the Yen, rising 0.5% as U.S. treasury yields increased, attracting investors to the Dollar.
  • AUD/USD: The Australian Dollar saw a decline of 0.3% amidst mixed commodity prices and weaker-than-expected trade data.
  • USD/CAD: The Loonie lost ground against the Dollar, down 0.4%, influenced by a drop in crude oil prices.

Notable Economic Events and Their Impact

Today’s trading was significantly influenced by key economic releases that shaped market perceptions:

  • Eurozone GDP Growth: The Eurozone reported a stronger-than-expected GDP growth rate of 0.5% for the last quarter, which boosted the Euro’s strength against the Dollar. This positive data has led to speculation about a potential shift in monetary policy by the European Central Bank.
  • U.S. Jobless Claims: Initial jobless claims in the U.S. rose unexpectedly to 220,000, indicating a slight cooling in the labor market. This news put downward pressure on the Dollar as traders reassessed the outlook for future Federal Reserve rate hikes.
  • UK Inflation Rate: The UK’s inflation rate unexpectedly rose to 3.2%, leading to concerns over the Bank of England’s ability to manage inflation without stifling economic growth, thus weighing on the Pound.
  • Canadian Employment Change: Canada reported a surprise drop in employment, leading to a weaker Canadian Dollar amid fears of slowing economic momentum.

Overall Market Sentiment

The overall market sentiment remains cautious as traders weigh the implications of the latest economic data. The mixed results have led to a cautious approach, with some traders looking for clearer signals before making significant moves. The Dollar’s performance is closely tied to upcoming economic indicators, particularly related to inflation and employment, which could shift the current dynamics.

As we move forward, traders are advised to keep an eye on geopolitical developments and upcoming central bank meetings, as these factors will likely play a crucial role in shaping currency values. Risk management remains essential in this volatile environment, where sentiment can shift rapidly based on new information.