Litecoin, the sixth most valuable cryptocurrency in the global market, increased by 30% in the past week. As LTC shows strong momentum, on-chain data points demonstrate both bear and bull cases. The daily price chart of Litecoin with moving averages. Source: LTCUSD on TradingView Researchers at Santiment identified various on-chain indicators that buy the case for a pullback and also for a continued rally. They wrote: “The often ignored and overlooked #Litecoin has experienced quite a month,… Source link

A major online poker website has been buying millions of dollars of bitcoin every day to meet demand from players wanting to cash out in bitcoin. This amounts to $100 million in bitcoin a month as about 95% of players now demand payouts in the cryptocurrency. Poker Site Buys $100 Million of Bitcoin Demand for bitcoin payouts has been rising, particularly after the recent price rally. One of the largest online poker… Source link

Ethereum, the most-actively used blockchain in the world, is approaching its deadline to convince users to pledge enough digital currency to enable a network upgrade that would allow it to process a similar number of transactions as Mastercard Inc. and Visa Inc. Since Ethereum went live it 2015 it has relied on an energy-intensive and slow method to… Source link

Yuriko Nakao/Getty Images Ethereum and Ripple are soaring, echoing the powerful rally in Bitcoin, as mass interest in cryptocurrencies picks up steam. Ethereum has jumped almost four-fold this year to just below $600, although this is still short of its record $1,500 in January 2018. The price of smaller crypto rival Ripple has hit its highest since mid-2019, having doubled in value in this month alone. This growing interest raises red flags, because many people are pouring in money… Source link

A metric from bitcoin’s perpetual futures market suggests some traders may have become overleveraged during the recent rally to above $18,000. The average level of the “funding rate” across major exchanges has risen sharply from 0.023% to a five-month high of 0.087% in the past 48 hours, according to data source Glassnode. “Rising funding rates have in the past been associated with a larger portion of the market utilizing leverage via perpetuals,” Matthew Dibb, CEO of Stack Funds,… Source link

Key Takeaways Litecoin set a new yearly high at $89.70 after breaching the February 2020 high. On-chain data shows low selling pressure from whales, indicating more room for upside growth. The William Alligator indicator shows a bullish trend emerging on higher time frames. Share this article Litecoin has surged to a new 2020 trading high after breaking past the February 2020 high with relative ease. The strong bullish momentum LTC experienced last week could easily spill over into… Source link

Alongside the high anticipation for Ethereum 2.0, the high time frame breakout and daily gas usage on Ethereum remain key positive factors. Eth2 momentum accelerates in correlation with price The Eth2 mainnet will launch when the number of Ether (ETH) staked in the Eth2 deposit contract address hits 524,288. Data from CryptoQuant found that the value staked in the Eth2 deposit contract address is showing a correlation with the ETH price. ETH price versus total value staked on eth2.0. Source:… Source link

Bitcoin (BTC) starts another week at near historic highs as the U.S. dollar continues to drop — what’s next? With investors seeking safe havens and Bitcoin already seeing a demand squeeze, Cointelegraph covers the factors that could further shape price action this week. DXY descends to familiar lows News from the U.S. that mass vaccination against the Coronavirus may begin within a month has sent investors panicking for hedge assets. With multiple candidates now available among potential… Source link

Bitcoin has despatched the cryptocurrency market hovering in current weeks with the overall worth of the world’s mixed cryptocurrencies including an eye-watering $150 billion because the starting of November. The bitcoin worth brushed $18,900 per bitcoin this week, coming inside touching distance of its 2017 all-time excessive and serving to different high 5 cryptocurrenciesethereum, Ripple’s XRP, litecoin and chainlinkfile huge positive factors. XRP has climbed over 70% this week… Source link

Gent,Belgium. 18/04/15: Bitcoin allows you to send and receive payments at very low cost. Except for … [+] special cases like very small payments, there is no enforced fee.Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app. Jonathan Raa/Nurphoto (Photo by NurPhoto/NurPhoto via Getty… Source link