The Litecoin price recovery from last week’s crash is looking vulnerable, and the failure to reclaim $200 may be setting LTC up for a fall. Unlike many altcoins that have roared higher, Litecoin (LTC/USD) takes its lead from Bitcoin (BTC/USD). And unfortunately for the bulls, BTC is giving it back and is in danger of breaking down. As I warned last week, violent selloffs are often followed by a bounce. Furthermore, that bounce often sucks in buyers, which… Source link

Bitcoin price is consolidating below the $46,000 zone against the US Dollar. BTC could start a major decline if it breaks the $44,200 support zone in the near term. Bitcoin is facing a major resistance near $46,000 and $46,200 levels. The price is now trading well below $46,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $46,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major decline… Source link

Another expert cited in the report, Cho Yeon-haeng, president of Korea Finance Consumer Federation, said “huge investor losses are expected” as trading is suspended and assets are frozen. Many of the smaller exchanges are unlikely to offer customer protection as they stare down immediate closure, he said. Source link

Ethereum has been trading sideways with a minor gain of 1.70%. ETH was eyeing its multi-month high of $4033.45.  Litecoin was also consolidating with a minor gain of 1.10%, with immediate overhead resistance at $ 194.13. Contrastingly, Avalanche dissociated itself from the broader market sentiments and rallied 21.06% securing an all-time high of $ 64.87. The last time AVAX tried to reach this price level was almost six months ago.  Ethereum (ETH) ETH/USD, TradingView Ethereum was seen… Source link

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Widely followed crypto analyst Benjamin Cowen has a timeframe for when Bitcoin could finally be “off to the races” on a rally past all-time highs. In a new strategy session, Cowen identifies the 20-week moving average (EMA) as the place where Bitcoin will need to hold the line in order to maintain bullish momentum.   “So the $42,000-$43,000 range is in fact where we would ideally like to hold the line. And we’ve already tested it, so if from here we move up, well then… Source link

Litecoin token over the monthly chart is trying to get stable by sustaining above its major moving averages of 50, 100, and 200-Days.  The crypto asset is presently facing minor resistance of 20-day short-term moving averages while needs more volume for strong reversal.  The pair of LTC/BTC is trading on a negative note at 0.003973 BTC with an intraday loss of -2.05%, and the ratio of LTC/ETH is CMP at 0.0531 ETH with a significant intraday loss of -4.47%.  tradingview Litecoin token… Source link

Published Sunday, Sep. 12, 2021, 9:19 am Join AFP’s 100,000+ followers on Facebook Purchase a subscription to AFP Subscribe to AFP podcasts on iTunes and Spotify News, press releases, letters to the editor: augustafreepress2@gmail.com Advertising inquiries: freepress@ntelos.net (© Tiko – stock.adobe.com) As we live in the age of the internet, we have been using electronic methods to transfer money. It’s been more than a decade since to see Bitcoin coming into the… Source link

Solana logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on August 21, 2021. Jakub Porzycki | NurPhoto | Getty Images Solana, a one and a half-year-old blockchain network, has been getting a lot of attention the past couple weeks as its token, sol, has surged to become the sixth largest cryptocurrency by market cap, according to CoinGecko. Source link

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