Litecoin price and other major currencies jumped on news from Tesla’s CEO. Overall risk-on sentiment in the markets is creating a favorable tailwind for cryptocurrencies. LTC is, however, still not able to break out of a bearish technical play. Litecoin price and other cryptocurrencies got a lift from the positiveness that reemerged in markets after the sell-off last Monday. A few tweets from Elon Musk and Jack Dorsey helped to put the spotlight back on… Source link

Monero Price Analysis – July 21 At the time of writing, the Monero price may not be stopped as the bulls aim to drag the price to the resistance level of $200. XMR/USD Market Key Levels: Resistance levels: $240, $250, $260 Support levels: $150, $140, $130 XMRUSD – Daily Chart XMR/USD price is now trading close to $200 as it hovers around the $195 resistance level at the time of writing. The Monero price could move upwards if the crypto crosses above the… Source link

Litecoin‘s price action has more or less mirrored that of the broader cryptocurrency market in July. However, it is noteworthy that the alt’s margin of loss was way lower than some of the other major alts in the market. Litecoin, after testing its lower long-term support at $109, registered a decent spike (highest in July) in trading volumes on 20 July. However, the trade volumes were still much lower than their May-July levels. Further, the altcoin after oscillating in the oversold… Source link

Optimist, filmmakers behind the GameStop project now working-titled The Meme Economy, is illuminating another trending corner of the financial ecosystem with Ethereum: The Infinite Garden, a doc it just fully and speedily financed by donations of said cryptocurrency. Optimist raised just under $2 million worth of Ethereum in just over 48 hours last week by crowdfunding on the platform Mirror. Some donors received producer credits and NFTs created by digital artist pplpleaser. All… Source link

Follow @crypto Twitter for the latest news. The 2021 Bitcoin bubble is deflating and hitting a $1.3 trillion industry built on to-the-moon speculation and rampant leverage. Source link

Monero’s weekly drop of 11.3% pushed its market capitalization by 7.94%. A stronger dollar places pressure on Monero, bringing sellers.  Today’s idea is to place a buy stop 192 to target 197. The XMR/USD coin extended its previous bearish rally & drew some further offers around the 187.500 mark. The stronger U.S. dollar & unstable market pressure plays. Monero price forecast is bullish on Wednesday. However, the pair may not continue upward momentum for… Source link

Ethereum Ethereum fell by 1.76% on Tuesday. Following a 3.86% loss on Monday, Ethereum ended the day at $1,786.46. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,840.79 before hitting reverse. Falling short of the first major resistance level at $1,890, Ethereum slid to an early morning intraday low $1,720.16. Ethereum fell through the first major support level at $1,776 and the second major support level at $1,734. Finding support at the 62% FIB of $1,725,… Source link

Litecoin price is down nine consecutive days and -24% in July, while reaching a new correction low today.  Daily Relative Strength Index (RSI) is now the most oversold since March 2020, indicating a bounce could soon materialize. IntoTheBlock IOMAP metric presents no support for LTC down to $92.48.  Litecoin price has corrected 75% from the May high to today’s low of $104.02. Still, the current falling wedge pattern combined with oversold technical indicators, such… Source link

Bitcoin stabilized around $29,600 at press time Tuesday after breaking below the important $30,000 level on Monday. The world’s largest cryptocurrency has been in a downtrend trend since failing to hold an all-time high around $63,000 in April. Concerns about regulatory risks, less accommodative monetary policy and fading institutional demand have contributed to selling pressure over the past few months. Edward Moya, analyst at the foreign exchange brokerage firm Oanda, described… Source link

Ethereum tested a new low this month as it prepared to move past its crucial support level of $1744. This also meant it could see a price reversal after hitting a new low this month. As Bitcoin tanked by 5.4% over the last 24 hours, the altcoin market struggled to move out of the bearish zone. Monero’s charts flashed shorting opportunities along with further chances of price fluctuations while on the contrary, Uniswap noted some buy signals of its own. Ethereum [ETH] ETH/USD,… Source link