Litecoin price is bounded inside a descending triangle pattern on the 12-hour chart. Whales have been accumulating a lot of LTC in the past month, increasing buying pressure. The MVRV chart shows Litecoin is in the buy-dip zone. Litecoin has been trading downwards since its peak of $185 on January 10 but has established a robust support level at $122. The digital asset seems to be on the verge of a breakout as several metrics have turned positive for LTC. 

Bitcoin (BTC) quickly settled back into the past couple weeks’ range between roughly $30,000 and $36,000, after a short-lived price spike Friday when Elon Musk, the electric-vehicle and private-spaceflight entrepreneur who’s also reportedly the world’s richest person, added “#bitcoin” to his Twitter profile. “The longer we stay at the current level, the stronger the base to bounce back up,” Matt Blom, head of sales and trading for the exchange firm EQUOS, wrote early Monday…. Source link

Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA , has said he thinks the soaring cryptocurrency bitcoin is on “the verge” of breaking into traditional finance. Musk, who revealed last month he is open to being paid in bitcoin, made the comments during a wide-ranging interview on the app Clubhouse that also covered manned missions to Mars and Musk’s implantable brain–machine interface Neuralink. MORE FROM FORBESData Reveals Bitcoin Could Be About To… Source link

Ethereum Ethereum fell by 4.79% on Sunday. Following a flat day on Saturday, Ethereum ended the week down by 5.75% to $1,313.94. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,382.00 before hitting reverse. Falling short of the first major resistance level at $1,417, Ethereum slid to a late afternoon intraday low $1,283.00. Ethereum fell through the first major support level at $1,335 and the second major support level at $1,290. Finding late support, however,… Source link