Shares in Grayscale Investments’ Grayscale Litecoin Trust, or LTCN, have been trading at a whopping 1,800% premium over the market rate of their underlying asset, Litecoin (LTC). $319 per Litecoin?  This difference is primarily due to retail investors’ inability to purchase shares directly from Grayscale Investments, whose funds are aimed exclusively at accredited investors. LTC holdings per LTCN share (orange) and premium (blue). Source: Bybt.com It costs $319 to buy a share in Grayscale… Source link

Litecoin price could blast off as multiple fundamental, technical, and on-chain indicators suggest that it is wildly undervalued. Grayscale accumulated over 174,000 LTC in the last 30 days, while the price hasn’t moved much. Whales holding 100,000 to 1,000,000 LTC have grown by 5.45%, showing interest in this cryptocurrency at the current price levels. Litecoin price dropped nearly 40% during the market-wide crash on February 20. Now, new developments around LTC… Source link

Monero, one of the market’s leading privacy coins, rose above its horizontal channel but awaited confirmation of a breakout over the next few sessions. BAT’s on-chain metrics backed a favorable outcome, but a key test awaited its bulls at the $0.59-resistance. Finally, Dash moved north of its $23.6 fib retracement level, but a hike above the 38.2%-level looked doubtful. Monero [XMR] Source: XMR/USD, TradingView Monero broke above its horizontal channel on the 4-hour chart on the back of… Source link

Nikki Beesetti paid for a semester’s tuition with a single Bitcoin she bought in 2017. Rafa Ayoub/Nikki Beesetti hide caption toggle caption Rafa Ayoub/Nikki Beesetti If you think America’s politics are… Source link

Photo: SOPA Images/LightRocket via Getty Images A report from Citi says bitcoin is at a tipping point and could soon become the preferred choice for international trade. At the same time, another major international bank, Goldman Sachs, has decided to restart its cryptocurrency exchange desk, and many others in Wall Street, such as JPMorgan, say they are getting closer to adopt it and start offering it to clients and employees. The moves follow a season… Source link

Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 2nd, 2021 For the day ahead Litecoin would need to avoid a fall through the $172 pivot level to support a run at the first major resistance level at $181. Support from the broader market would be needed, however, for Litecoin to break out from the morning high $177.80. Barring an extended crypto rally, the first major resistance level would… Source link

Bitcoin has exploded over recent months, soaring to almost $60,000 as investors have rushed to buy cryptocurrencies. The bitcoin price, which wobbled last week after Tesla TSLA chief executive Elon Musk warned it “seemed high,” has bounced back thanks to fresh institutional support. Now, despite bitcoin racking up gains of almost 500% over the last 12 months, British asset manager Ruffer has predicted bitcoin adoption by traditional financial institutions is just… Source link

Ethereum Ethereum rallied by 10.55% on Monday. Reversing a 2.63% loss from Sunday, Ethereum ended the day at $1,571.82. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,412.61 before making a move. Steering clear of the first major support level at $1,320, Ethereum rallied to a late intraday high $1,574.28. Ethereum broke through the first major resistance level at $1,497 and the second major resistance level at $1,572 before ending the day at $1,571 levels. The… Source link

Litecoin price is contained inside an ascending parallel channel on the 12-hour chart. LTC bulls have just defended a crucial support level and aim for a significant rebound. A key indicator is on the verge of presenting a strong buy signal for LTC. Litecoin price is still down by 30% since its 2021 peak of $247. However, the cryptocurrency market is showing signs of a recovery, and Litecoin bulls are planning to take advantage of it. Litecoin price poised for… Source link

Some traders assume that Bitcoin (CCC:BTC-USD) is the gold standard among cryptocurrencies. There might be merit to that claim, but let’s keep an open mind. Ethereum (CCC:ETH-USD) also deserves a place in your crypto portfolio — and you can buy some at a discount, as the price of Ethereum dropped hard recently. Source: Shutterstock Don’t get me wrong – the price is still higher than it was a year ago. Actually, you could say that about the most popular… Source link