LTC/USD accumulates a 108% gain but has been weighed down by its long lateral range. The 200-day moving average, still in the $60 zone, shows there is no consolidation and Litecoin remains on the move. The LTC/USD pair leaves the current movement peak at $175, matching the 38.2% Fibonacci retracement level from the $420 all-time high. Litecoin has been one of the best performing cryptocurrencies in recent weeks. The LTC/USD pair has accumulated a 108% gain since the end of November, a… Source link

For Bitcoin, the days that followed Christmas 2020 have been extraordinary. Since 26 December, Bitcoin has shot up by 40.74% on the price charts. One can argue that the cryptocurrency brushing past the psychological resistance levels at $25k, $30k, and climbing as high as $34.8k is a testament to the strength in Bitcoin’s bull rally. Source: BTC/USD on Trading View However, alongside Bitcoin, major altcoins such as Ethereum, Litecoin, and Bitcoin Cash have also been taking first-hand… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum surged from $715 to $1,169 in a span of three days. However, the $1,168 high was momentary and the price was soon forced to retrace as Ether formed a swing failure pattern. ETH is usually an indicator of the altcoin market’s health and its stupendous gains over the past 48 hours saw the market follow in its footsteps. In fact, Ethereum had a 0.25%… Source link

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain, achieved $1,161 for the first time since January 2018. Immediately after it hit a new three-year high, ETH corrected to below $900. Ether rallied due to the momentum of Bitcoin. Historically, following a strong BTC rally, altcoins have seen a swift uptrend. Traders usually call this “alt season” because many altcoins tend to increase in tandem. Why did Ether correct, and what happens next? Ether rose following… Source link

Bitcoin fizzled in Monday trading as the famously volatile cryptocurrency pulled back after a spectacular new-year rally. Prices fell as much as 17% in the biggest drop since March before recovering. The losses are small in the context of Bitcoin’s broader rally, with a 50% jump in December alone. After a parabolic 2020, the digital currency had started the new year with a bang, surging as high as $34,000 and hitting all-time highs on Sunday. Bitcoin was down 7% to $31,227 as of 12:59 p.m…. Source link

Viewed as safe havens and hedges against inflation, investors kept snapping up Bitcoin and other cryptocurrencies. Bitcoin traded at $33,365 in Asia on Monday, after soaring to a record high of $34,800 on Sunday as investors continue to bet the digital currency is on its way to becoming a mainstream asset. The latest milestone for the world’s most popular cryptocurrency came less than three weeks after it crossed $20,000 for the first time, on December 16, and Bitcoin has now surged some… Source link

Ethereum Ethereum surged by 26.46% on Sunday. Following on from a 6.06% rally on Saturday, Ethereum ended the week up by 43.3% to $980.44. Another mixed start to the day saw Ethereum fall to an early morning intraday low $770.00 before making a move. Steering clear of the first major support level at $730.61, Ethereum surged to a late intraday high and a new swing hi $1,015.14. Ethereum broke through the day’s major resistance levels to visit $1,000 levels for the first time. In spite of a late… Source link

There are many investors feeling validated in the cryptocurrency market now that Bitcoin’s price has established a new all-time high of $34,778.  The last time Bitcoin (BTC) traded anywhere near this level was during the bull run of 2017, when it reached a peak of about $19,783. Even the mainstream media took notice, including the New York Times, which observed that the current rally had “a very different feel to it than the last time around.” Many in the cryptocurrency community would… Source link

Bitcoin has exploded since October, climbing from its long-time $10,000 per bitcoin support level to never-before-seen highs of almost $35,000. The bitcoin price added over 300% through 2020, a rally that included a 50% crash in March amid the coronavirus meltdown. Meanwhile, ethereum, the world’s second-largest cryptocurrency, has rallied even harder—soaring 600% over the last 12 months. Now, as bitcoin and cryptocurrency investors try to call exactly how far this already-huge rally… Source link

The first Crypto Long & Short of 2021 has a different format: Instead of the usual article, I’ve asked some leading industry analysts – from Kaiko, IntoTheBlock, skew.com and Arcane Crypto – to share their favorite charts with you. The depth and quality of metrics available to market observers has grown by leaps and bounds this year, and the work of these analysts and others goes a long way toward helping investors to not only understand the crypto ecosystem better, but also to… Source link