A breakdown of the recent Litecoin price action, long-term Technical Analysis, and the current macro backdrop for cryptocurrencies. On Tuesday, Litecoin (LTC) is slightly softer at $150.16 (-2.05$) in early trading. LTC has lost -27% in December, over 50% from the November highs, and 65% below May’s three-year high. Litecoin’s market cap has fallen from $25.9 billion to approximately $10.6 b in the last seven months, currently ranking LTC as the 18th most valuable cryptocurrency. Like… Source link

Ethereum Co-founder Gavin Wood’s attempt to knock his creation off its pedestal as the blockchain on which almost all DeFi, non-fungible tokens (NFTs) and many other decentralized applications run launched this weekend. Five Polkadot “parachains” went live on Saturday (Dec. 18), the first of 100 that will call the “blockchain of blockchains” home. Parachains are essentially full blockchains with a couple of differences: They can talk to each other, and they are far faster and… Source link

Looking at the Bitcoin chart from a weekly or daily perspective presents a bearish outlook and it’s clear that (BTC) price has been consistently making lower lows since hitting an all-time high at $69,000. Bitcoin/USD on FTX. Source: TradingView Curiously, the Nov. 10 price peak happened right as the United States announced that inflation has hit a 30-year high, but, the mood quickly reversed after fears related to China-based real estate developer Evergrande defaulting on its loans. This… Source link

As coming installments of this series will show, the rest of 2021 would be defined by market-moving tweets from electric-vehicle billionaire Elon Musk, rapid price rallies in barely-heard-of alternative cryptocurrencies, a fresh wave of corporate buy-in to the legitimacy and potential of digital assets, plenty more moments of extreme volatility – and, eventually, a new all-time high of around $69,000. Source link

Over the past 24 hours, Litecoin’s (CRYPTO: LTC) price has fallen 4.31% to $150.01. This is opposite to its positive trend over the past week where it has experienced a 1.0% gain, moving from $148.18 to its current price. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price… Source link

The price of bitcoin is down more than 33% from the crypto asset’s all-time high captured about a month ago on November 10. A while back, people expected the price of bitcoin to be extremely bullish during the months of November and December, and many expected a $100K bitcoin price by the year’s end. However, during the last 13 years, more so than not, bitcoin prices are typically bearish in the last two months of the year. The End of 2021’s Bearish Market Sentiment Is a Common… Source link

Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry’s best-known analysts suggested. In a Twitter discussion on Dec. 20, Willy Woo, creator of on-chain data resource Woobull, said that popular retail exchanges will not spark a further BTC price rout. U.S. retail stays calm throughout the rout Woo was debating the odds of fresh downside with veteran trader Peter Brandt, a commentator revered for calling Bitcoin price bottoms in recent… Source link

When Ethereum first launched, it wanted to be the heart of a truly decentralized internet experience. With Ethereum, anyone can deploy immutable transactions on a public ledger, wherein other users can freely participate. Since then, Ethereum has become the center of the charge for decentralized finance, the minting and exchanging of NFTs, and more. However, when it comes to Ethereum, it can be confusing as to why there are two different versions available—ETH and ETH Classic. So, for… Source link

Litecoin sees price hovering below the monthly S1 support. LTC bulls are actively buying in a range that holds historical importance. Expect a bullish breakout in the coming days once market turmoil fades. Litecoin (LTC) is seeing an attempt to break above S1 monthly resistance being rejected. That said, Bulls are still actively buying in the red zone, preparing for another bullish breakout attempt. Given built-in momentum, for now, only global market sentiment is… Source link

It’s been a great year for Ethereum (CRYPTO:ETH) even with the recent pullback. The price of the blockchain’s ETH native token has soared more than 440%. With a surge in the final days of December, there’s a good chance that Ethereum could end the year well above $4,000. The cryptocurrency probably won’t more than quintuple again in the new year. But could Ethereum hit $10,000 in 2022?  Image source: Getty Images. What it would take To reach… Source link