Litecoin (LTC) Price Analysis: Signaling Fresh Increase To $110

Litecoin price formed a solid support near the $86.00 level and climbed higher against the US Dollar.
LTC price traded above the $90.00 and $95.00 resistance levels before it faced sellers near $100.00.
There was a break above a crucial bearish trend line with resistance near $91.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
The pair is currently correcting gains, but it is likely to find support near $95.00 and $91.00.

Litecoin price is trading with a positive bias against the US Dollar and bitcoin. LTC price might correct lower in the near term, but dips remain well supported.
Litecoin Price Analysis
This week, litecoin price extended its decline below the $86.00 and $85.00 supports against the US Dollar. However, the decline was limited and the LTC/USD pair found support near the $83.50 level. A swing low was formed near $83.48 and the price recently climbed higher. The price broke the $88.00 and $90.00 resistance levels to move into a positive zone. Moreover, there was a close above the $92.00 level and the 55 simple moving average (4-hours).
More importantly, there was a break above a crucial bearish trend line with resistance near $91.50 on the 4-hours chart of the LTC/USD pair. Finally, the pair broke the $95.00 resistance and traded close to the $100.00 barrier. A swing high was formed near $99.84 and the price is currently correcting lower. It is testing the $95.00 level plus the 23.6% Fib retracement level of the upward move from the $83.48 low to $99.84 high.
On the downside, there are many supports near the $92.00, $91.50 and $91.00 levels. Additionally, the 50% Fib retracement level of the upward move from the $83.48 low to $99.84 high is also near the $91.60 level to act as a support. The 55 simple moving average (4-hours) is also near the $91.50 level. Therefore, the $92.00 and $91.50 levels are likely to act as strong supports in the near term.
On the upside, an immediate resistance near the $98.50 and $100.00 levels. If there is an upside break above the $100.00 barrier, the price is likely to accelerate higher towards the $106.50 and $110.00 levels in the coming sessions.

Looking at the chart, litecoin price is clearly trading in a bullish zone above the $91.50 and $92.00 support levels. In the short term, there might be a downside correction, but the bulls are likely to protect $91.50 or $90.00.
Technical indicators
4 hours MACD – The MACD for LTC/USD is currently losing momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is correcting lower from the 70 level.
Key Support Levels – $92.00 and $91.50.
Key Resistance Levels – $100.00 and $106.50.
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U.S Fintech Investment Remains Strong Despite Experienced Reluctance: KPMG Report

Coinspeaker U.S Fintech Investment Remains Strong Despite Experienced Reluctance: KPMG ReportAccompanying a record year in deal value and volume, the United State’s overall fintech investment remained unshaken but sunk during H1’19, hitting $18.3 billion covering 470 deals, fueled in large part by an impressive first quarter of the year. This is according to Fintech report released by KPMG’s H1′ 2019.The purchase of analytics company Dun & Bradstreet by an association of investors at a tune of $6.9 billion was the highest fintech agreement in the United States and worldwide during the first half of 2019.M&A operation was especially unbeaten in the first half of 2019, accumulating for five of the top American deals. For instance, Viteos Fund Services: $330 million, IQMS: $425 million; PIEtech: $500 million; Investment Technology Group: $1 billion).As a result of those deals, Robert Ruark, Fintech leader and Financial Service Strategy at KPMG LLP said:“U.S. fintech investment is strong this year, and with several large M&A deals announced, it’s only going to grow. The payments space continues to be hot, demonstrating there’s plenty of long-term growth potential in the sector, including verticals like healthcare payments.”Fintech based Venture Capital (V.C.) investment hit a target level in the U.S. during the second quarter of this year leapfrogged by $300 million financial rounds to Affirm and Carta.The report proposed that besides the dip H1’19, fintech investment in the United States is expected to experience historical highs in the second half of 2019. The trio giant M&A deals were revealed in H1’19, involving the acquisition of Worldpay by Fidelity ($43 billion), acquisition of First Data by Fiserv ($22 billion), and the merger of Total System Services with Global Payments ($21.5 billion). These deals, if sealed in H2’19 as projected, could leapfrog both the United States and international fintech investment into new peaks.Wealthtech Grows While Insurtech Slows During the H1’2019Investment in insurtech encountered reduced growth during the first half of 2019, which could expose the intensified focus on consolidation in other parts of the insurance sector. The report proposed that there should be refreshed interest in the space once consolidation cools down. Wealthtech acquired passion during the first half of 2019 as firms strive to design scale and product diversity.Trends to Observe In the Second Half Of 2019The report suggests that the payments space is projected to be a crucial sector of interest for investors together with B2B services. Security will also probably be an essential area, and internet gaming could further experience growth.KPMG LLP is the independent United States Company of KPMG International Cooperative (KPMG International). KPMG International’s independent member companies operate in about 153 countries and territories, and approximately 207,000 professionals run their daily activities.The Pulse of Fintech from KPMG is a biannual report explaining the primary trends as well as activities within the fintech industry worldwide, in the United States, and fundamental markets around the globe.U.S Fintech Investment Remains Strong Despite Experienced Reluctance: KPMG Report

Visa Announces Expansion of Fast Track Program to Fintech Startups in the U.S.

Coinspeaker Visa Announces Expansion of Fast Track Program to Fintech Startups in the U.S.The fintech industry is one of the fastest-growing sectors in the world and Visa, the global payment system giant, is an important part of it. The firm, in renewing its drive and commitment to supporting the global fintech industry, has just announced the expansion of its Fast Track program to the U.S.Visa’s Fast Track ProgramThe Fast Track program is an initiative by Visa that supports fintech startups by making their integration with the payment company a lot more seamless. Through VisaNet, Visa’s global payment network, interested start-ups can expand their access and proficiency, which will ultimately help them scale easily.Terry Angelos, Visa’s SVP and Global Head of Fintech, expressed the firm’s willingness to support these startups by giving them the platform to increase their digital payments and making cross-border transactions a lot smoother:“In markets across the world, Visa has successfully rolled out the Fast Track program, linking arms with fintechs to provide a clear path towards getting to market, leveraging Visa’s scale, security, reach and strong network of partners.By launching Fast Track in the U.S., we are continuing our support for fintechs across the globe, with the goal of accelerating the growth of digital payments and creating better ways to move money everywhere.”To make this new service more productive, Visa has officially partnered with a list of firms in the U.S. to help drive program participation. They include Alloy, BBVA Open Platform, Marqeta, Galileo, Netspend (TSYS’ Consumer Segment), Cross River Bank, Stripe, TSYS, Very Good Security, Tabapay, Green Dot and Q2. Angelos notes that all the partners have been properly vetted and will allow Visa track their individual progress.Angelos has however noted that any investments into the fintech startups in the U.S. would not be equal to the $100 million Visa has set aside as investment funds for the European market. He said:“We have investments that are happening that are in parallel. We don’t have a separate fund.”Visa Supports “Cashless Japan” and the 2020 OlympicsVisa is also making plans to be a part of the Japanese government’s “Cashless Japan” by creating various payment initiatives in anticipation of the Olympic Games of Tokyo, 2020. Japan is still predominantly a cash society with only about a fifth of Japanese payments done via electronic methods. This is a low percentage, especially when compared to U.S.’ 60%, China’s 70%, and South Korea’s 90%. Visa has expressed commitment to improving digital methods through the upcoming event.Speaking on this, Visa’s Japanese Country Manager and Representative Director – Stephen Karpin – has expressed Visa’s willingness to support the event using “cutting-edge payment technologies” in the Olympic Village and also throughout the country. He explains that:“For Tokyo 2020, we are planning experiences that will leave a lasting impact on the country, with the goal of helping accelerate economic growth, while providing the Japanese community and visitors with a ‘wow’ experience on-the-ground.”Visa Announces Expansion of Fast Track Program to Fintech Startups in the U.S.

China’s Latest Crypto Rankings: EOS and Ethereum Lead the Pack

Coinspeaker China’s Latest Crypto Rankings: EOS and Ethereum Lead the PackOn Tuesday, China published the 13th update of their crypto rankings chart, and not much has changed. The three main attributes that were judged was the technology behind the project, applicability what it offers, and creativity along the way of development. The first three spots are the following, first comes EOS, then second is Ethereum, and third – TRON.The CCID only started ranking TRON in February, and back then it was in the second place, so in this chart, it has dropped by a spot. What could come as a surprise to many Bitcoin believers and maximalists, Bitcoin is ranked only in the 11thspot, stuck between Cosmos and Stellar. However, Bitcoin is up one place from the previous rankings list which came out in May. This time also featured new projects and the CCID has added two more. Those are Cosmos (ATOM) and Zilliqa (ZIL). What is interesting is that Cosmos only fairly recently came out and has seen a great recognition from both investors and professionals. The CCID has ranked Cosmos in the 10thplace, next to Bitcoin in 11th, and behind STEEM (9thplace), the blockchain-powered social network. However, Zilliqa was ranked only 24th, next to Tezos and behind Stratis. Both added coins haven’t yet seen a worthy price movement, so I believe it’s a little bit too early to rush. Or, on the other side, it could be that no one takes these China’s rankings quite seriously. However, a few industry professionals believe that these are very bullish signs by China. Also, in other local China news, it appears that China has recognized Bitcoin as a commodity:“On July 18, this court confirmed the ‘virtual property’ attribute of bitcoin, which is the first time that Chinese courts have determined the virtual property attribute of digital currencies,” writes Yicai, the local news media. The Evaluation ModelSo how does China evaluate these projects? There must be united criteria, because there are total index points on each section (Technology, Applicability, Creativity) and at the end, they get summed together. CCID has revealed their criteria and described each of them and how much of the total score does it account for.For example, the first – Technology (or Basic Tech how it’s in the research) accounts for 65% of the total score and is evaluated by looking at the public chain, and inspecting areas such as function, performance, decentralization, and safety.Next – Applicability is being evaluated by looking at how practical applications are being added to the project. This index accounts only for 20% of the total score.And last – Creativity. This accounts only for 15% of the total score and the researchers are looking at how many developers are there on the project, how recently the code is being updated, and which other projects have affected or influenced the code of the project.Overall, this list might be something to think about. Because this is China’s Center for Information and Industry Development, it’s no independent bloggers’ research, this is coming from the communist country which recently has banned Bitcoin mining and has thought of banning crypto as such. Although, when looking at previous evaluations, not much has changed in terms of price movement, so this should be only considered as long-term advice. China’s Latest Crypto Rankings: EOS and Ethereum Lead the Pack