The Litecoin price is deeply in correction territory as the overall crypto sell-off accelerates. The LTC has dropped in the past seven consecutive days and is down by more than 32% from its highest level last week. Its market value has crashed to more than $14.97 billion. Why Litecoin price dropped: The LTC price has declined sharply after it rose to an all-time high of $335 last week. There are several reasons that explain this sell-off. First, there is relatively… Source link

Ethereum Ethereum rose by 1.79% on Thursday. Following from a 1.07% gain on Wednesday, Ethereum ended the day at $2,399.99. A mixed start to the day saw Ethereum fall to an early morning low $2,317.25 before making a move. Steering clear of the major support levels, Ethereum rallied to a late afternoon intraday high and a new swing hi $2,646.20. Ethereum broke through the first major resistance level at $2,474 and the second major resistance level at $2,590 before hitting reverse. The reversal… Source link

Litecoin is currently trading at around $283, gaining 5.59% in the last 24 hours. LTC bulls are looking to hold the key support level for the coin at around $257 to prepare it for a fresh momentum. Light It Up: Litecoin Targets $420 Around Toking (Not Token) Holiday LTC price had a rough week falling nearly 30% from its high of $333. A recent mining center blackout in China left the cryptocurrency markets in the red the past few days. The intraday gains have seen bulls recover losses… Source link

Miners have raised Ethereum’s gas limit to almost 15 million for the first time in a bid to relieve transaction congestion at a time when on-chain activity is increasing with ether’s price (ETH) up 2.8% on the day to $2,456. The Ethereum gas limit sets a ceiling for how many operations can be included in each block. Before the increase, miners set Ethereum’s gas limit at 12.5 million until Ethereum creator Vitalik Buterin suggested raising it last week on Reddit, in light of recent code… Source link

The market is clearly choosing other digital assets over bitcoin. Ether hits a fresh record price and BNB dominates. Bitcoin (BTC) trading around $52,612 as of 21:00 UTC (4 p.m. ET). Slipping 4.7% over the previous 24 hours. Bitcoin’s 24-hour range: $52,889-$55,233 (CoinDesk 20) BTC below the 10-hour and 50-hour moving average on the hourly chart, a bearish signal for market technicians. Bitcoin’s hourly price chart on the Bitstamp exchange since April 19. Source: TradingView Bitcoin had its… Source link

A flurry of activity on the decentralized cryptocurrency exchange PancakeSwap has helped to push the number of transactions on Binance’s smart-contract blockchain, Binance Smart Chain (BSC), to five times that of the perceived industry leader, Ethereum. While the Ethereum blockchain processed a record 1.56 million transactions on Wednesday, BSC registered a total transaction volume of 9.13 million, according to data provided by EherScan. BSC-based PancakeSwap, which generates liquidity from… Source link

Bitcoin replica coins are seen on November 13, 2017 Jaap Arriens/NurPhoto via Getty Images The price of bitcoin slipped to a near one-month low Thursday after a record-shattering week ahead of Coinbase’s listing on April 14 in which the world’s largest cryptocurrency broke consecutive records above the $63,000-level. Bitcoin slipped to $53,318 at 2:01 p.m. ET to its lowest since March 24. It was trading lower by 4% to 53,519 at 2:18 p.m. ET. “BTC has slipped below the 50 [day moving… Source link

Money, it’s often said, is a shared fiction. I give you a slip of paper or, more likely these days, a piece of plastic. You hand me eggs or butter or a White Chocolate Mocha Frappuccino, and we both walk away satisfied. With cryptocurrency, the arrangement is more like a shared metafiction, and the instability of the genre is, presumably, part of the thrill. Dogecoin, a cryptocurrency that was created as a spoof, has risen in value by eight thousand per cent since January, owing to a… Source link

Litecoin could rally by 52% to reach a new all-time high above $400, a crypto analyst says Litecoin bulls are looking to hold prices above the 100-day simple moving average near $257, which would provide a foundation for fresh gains. Litecoin is currently trading around $273 against the US dollar, about 4.5% up over the last 24 hours. The intraday gains have seen bulls recover some of the recent losses to see LTC/USD turn green on the weekly time frame. Crypto analyst Altcoin Sherpa says… Source link

The recent Microsoft Exchange Server vulnerabilities might have initially been exploited by a government-backed APT group, but cybercriminals soon followed suit, using them to deliver ransomware and grow their botnet. One perpetrator of the latter activities is Prometei, a cross-platform (Windows, Linux), modular Monero-mining botnet that seems to have flown under the radar for years. The attackers’ modus operandi Cybereason incident responders have witnessed instances of the… Source link