Litecoin price is gaining momentum above $60.00 against the US Dollar. LTC is likely to continue higher (similar to bitcoin) towards $70.00 or $75.00 in the near term. Litecoin started a strong rally above the $55.50 and $58.00 resistance levels against the US Dollar. The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $54.00 on the 4-hours… Source link

A case of better late than never, the altcoin market is finally rallying behind Bitcoin, and Litecoin is following suit. With Bitcoin consolidating above $15,000 for the first time in 2020, LTC was trying to find its feet in the market. While uncertainty might plague its immediate trend, in the long-term Litecoin might re-test its February 2020 highs over the course of the next month. Litecoin 1-day chart Source: LTC/USD on Trading View Litecoin’s 1-day chart suggested a bullish breakout from… Source link

Vitalik Buterin. Source: a video screenshot. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Ethereum news Ethereum (ETH) co-founder Vitalik Buterin has sent ETH 3,200, currently worth USD 1.2m, to the recently launched ETH 2.0 deposit contract. This makes him one of the first stakers and validators on the new Ethereum 2.0 blockchain, the first phase of which is expected to launch… Source link

The price of Bitcoin (BTC) is nearing $16,000 after achieving $15,960 on Binance. Following the dominant cryptocurrency’s rally, analysts are now looking toward Ether (ETH). The Ethereum blockchain’s native token has seen heightened momentum in the past week. After underperforming against BTC in October, the probability of a new ETH rally is beginning to increase. There are two key reasons why analysts expect Ether to perform strongly in the near term. First, the capital in the Bitcoin market… Source link

Bitcoin has surpassed $15,000 for the first time since a 2017 surge that ended with a crash. This time, investors such as billionaire hedge fund manager Howard Morgan are seeking to ride the cryptocurrency wave. The digital currency has more than tripled from the pandemic-induced low it struck in March, when global financial markets were shaken by the coronavirus crisis, to trade at $15,400 by Friday afternoon. Bitcoin’s stunning climb in recent weeks resembles the sharp… Source link

Bitcoin was lower, pausing after after a three-day rally that saw prices approach $16,000, their highest since early 2018.  The recent rally left the largest cryptocurrency up 116% year to date, and some bullish digital-asset market analysts were already looking at even higher levels. Denis Vinokourov, head of research at the crypto prime broker Bequant, said in an email there’s the potential for a squeeze in the options market to push up prices in the next several days.  “This, coupled… Source link

For more than a decade, bitcoin has been a huge success story. Scorned by skeptics since its inception, the value of the cryptocurrency has gone from less than $0.01 to nearly $15,000. Along the way, bitcoin has suffered huge plunges, but so far, it’s always found a way to pull back higher. Now things are… Source link

According to Tether’s official transparency data, the USDT market cap crossed a $17 billion mark for the first time, hitting over $17 billion in total assets. Tether’s market cap has been growing exponentially in 2020. As of mid-September, Tether’s market cap had seen nearly a four-fold increase since the beginning of the year, surging above $15 billion from around $4 billion. According to data from crypto analytics firm Messari, USDT saw a notable increase from August 2020 to date. As… Source link

The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing. In a tweet on Nov. 6, Tyler Winklevoss, co-founder of crypto exchange Gemini, said that Powell’s latest speech this week was “code for buy Bitcoin.” Powell: Congress should agree to more stimulus Powell was addressing a news conference, which followed the Fed’s Nov. 5 meeting on the state of the economy and future measures. As before, he reiterated that… Source link

On Nov. 6, Ether (ETH) price rose to $447 on Binance as Bitcoin (BTC) price pulled back to the $15,500 level after losing steam around $15,900. Based on Ether’s strong momentum, traders anticipate a broader rally to emerge in the near term. There are three potential reasons why Ether could see a large uptrend in the upcoming weeks. The catalysts are: an optimistic high time frame technical structure, favorable on-chain metrics and the launch of Ethereum 2.0. ETH is bullish on the higher time… Source link