On December 11, a prominent but very private financial newsletter author noted to clients that while he had never previously written about bitcoin, it was correct to say that institutional capital had now started to arrive in scale and that it would be churlish to pick a fight with it. Demand for bitcoin would now outstrip supply. Bitcoin, he observed, would become an excellent metaphor for risk appetite in 2021 as a result. Less than a week later, Coindesk confirmed that… Source link

Litecoin’s price has traded as high as $112 in the past 24 hours, breaking into the three-digit price level for the first time since the summer of 2019 Litecoin has jumped above $100 for the first time in over a year following this week’s impressive 50% rally. After Bitcoin’s price jumped to a new all-time high (ATH) near $23,800, Litecoin followed suit and is trading higher with an intraday upside of more than 18%. At the time of writing, the LTC price is changing hands around $107,… Source link

The Litecoin (LTC) price has finally broken out from the $85 resistance area, something it had been struggling to do for more than a year. Both the LTC/USD and LTC/BTC pairs should continue moving upwards towards the targets given below. Breakout From Long-Term Resistance The weekly chart shows that LTC has finally moved above the $85 resistance area, something it has struggled to do since July 2019. While it has yet to reach a close above this area, it’s almost… Source link

Cryptocurrency brokerage Coinbase said Thursday that it has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. The announcement comes as interest in bitcoin and other cryptocurrencies has soared during the coronavirus pandemic. Investors have found such currencies attractive as the US dollar weakens. Bitcoin has been smashing its own price records and recently surpassed the symbolic $20,000-a-coin… Source link

Litecoin spikes above $100 and even extended the bullish leg past $110 as the crypto bull run catches momentum. A correction seems imminent following the resistance at $110; downside eyes $90 before another majestic recovery. Litecoin has hit highs above $100 for the first time since its halving in 2019. The coin sprung higher to test the seller congestion at $100. In the meantime, a correction seems imminent before LTC makes a gigantic spike to $140. Litecoin… Source link

Ethereum Ethereum rose by 0.86% on Thursday. Following an 8.30% rally from Wednesday, Ethereum ended the day at $643.37. A mixed start to the day saw Ethereum fall to an early morning low $634.02 before making a move. Steering well clear of the first major support level at $599.60, Ethereum surged to a late afternoon intraday high and a new swing hi $677.05. Ethereum broke through the first major resistance level at $657.97. Coming within range of the second major resistance level at $677.96,… Source link

Litecoin (LTC) and Dogecoin (DOGE) are rallying strongly as Bitcoin (BTC) fights to stay above $23,800. Many analysts say the surge in large-cap altcoins is directly connected to Bitcoin’s price action and historical data shows the two tend to move in tandem when BTC goes through bull and bear cycles. As altcoins begin to show signs of newfound momentum, traders are becoming even more confident in the strength of BTC’s trend. Throughout December, altcoins stagnated against Bitcoin,… Source link

Shutterstock/Kzenon A tech reporter once lived on bitcoins for a week straight to test how valuable they were in the real world. She bought a bunch of bitcoins in 2013 for $136 each on Coinbase, hoping to use them for daily expenses. On the last night of her experiment, she spent 10 bitcoins on a sushi dinner for dozens of strangers. Today those would be worth about $230,000. The restaurant’s owner has now retired from the food business, thanks in part to his cryptocurrency earnings… Source link

Bitcoin’s surge to unprecedented levels above $23,000 on Thursday is being met with much ballyhoo on Wall Street, but at least one technical expert warns that the popular digital currency could be primed for a pullback. Tom DeMark says that based on his timing models, the world’s most prominent cryptocurrency is likely to retreat soon. Read: Stock-market timing expert DeMark ‘confident’ S&P 500 surges 5% in next 2 weeks “Although it appears treacherous… Source link

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