Ethereum is currently trading at $3,420 following a devastating sell-off that saw $75 billion wiped off its market cap in a matter of minutes. The industry’s second-largest asset has recovered significantly from a low of $3,000, although the recent plunge has proliferated the amount of bearish outcomes over the coming weeks and months. While the cryptocurrency market was in a healthy position at the start of the week, it now seems to have formed a local top as a result of an increase in… Source link

Another leg down for Bitcoin (BTC) could however trigger further losses for LTC given the strong correlation between their price movements Litecoin (LTC) was among major altcoins to suffer heavy losses following Bitcoin’s flash crash that triggered widespread selling across the crypto market. The 14th ranked cryptocurrency sank 18% on Tuesday to break below key support levels. Even with today’s rebound, LTC’s price is still 11% down on its 24-hour opening value. But bulls are likely to… Source link

Litecoin price was due for a massive upswing after slicing through the $211 resistance level. The market crash on September 7 undid the previous week’s gains and currently shows no directional bias. The support level at $160.86 will make or break LTC for the foreseeable future. Litecoin price has faced the brunt of the collapsing market as it sliced crucial support levels. However, LTC is currently above another key demand barrier, which will decide the… Source link

As Bitcoin’s prices received a massive blow owing to the legal tender fiasco in El Salvador, the altcoin market seems to have been severely affected. Monero, NEM and COSMOS plunged on their respective charts. XMR traded at its multi-week low price after a 16.2% decline. XEM was parked below its month-long support line of $0.184, while ATOM crashed by 25.2% over the last 24 hours.  Monero (XMR) XMR/USD, TradingView Monero’s price plummeted 16.2% over the last 24 hours and was seen… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, September 8, 2021 A country’s embrace of bitcoin puts 2 competing crypto visions on display Tuesday marked what one observer called the “start of a new world,” as El Salvador officially became the first country to accept bitcoin as legal tender.  The eagerly anticipated move is a big test of cryptocurrency’s staying power, and… Source link

Litecoin – which is often referred to as the Silver to Bitcoin’s Gold, is a popular cryptocurrency that was first launched in 2011. This makes it one of the most established digital tokens in the crypto asset industry. In this guide, we walk you through the process of how to invest in Litecoin safely and which brokers you might want to consider when completing your purchase. #1 Broker to Invest in Litecoin – eToro How To Invest in Litecoin – Choose a Broker With over a decade in… Source link

Ethereum Ethereum slid by 12.52% on Tuesday. Following a modest 0.58% gain on Monday, Ethereum ended the day at $3,436.96. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,948.00 before hitting reverse. Falling short of the first major resistance level at $3,979, Ethereum tumbled to a mid-afternoon intraday low $3,009.00. Ethereum fell through the day’s major support levels and the 23.6% FIB of $3,368. Finding late support, however, Ethereum briefly broke back… Source link

Bitcoin price started a major decline below USD 50,000 and USD 48,000. Ethereum declined heavily towards USD 3,000, XRP spiked below USD 1.00. SOL is still holding gains above the USD 160 support level. Bitcoin price saw a sharp bearish wave below the USD 50,000 support. BTC declined over 15% and it even tested the USD 43,000 zone before rebounding sharply. It is currently (04:26 UTC) correcting losses below USD 47,000, while upsides… Source link

Updated Sept. 7, 2021 5:43 pm ET / Original Sept. 7, 2021 4:57 pm ET Order Reprints Print Article Text size Przemyslaw… Source link

A report published by the British bank Standard Chartered indicates the company’s analysts are bullish about the crypto asset ethereum. The bank’s analysts think that bitcoin could reach $175K and said “structurally, we ‘value’ ethereum at $26,000-$35,000.” British Bank Publishes ‘Ethereum Investor Guide,’ Formulates the Economic Case for Ethereum’ The British multinational banking and financial services giant Standard Chartered has published a report on the two… Source link