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

Traders were caught flat-footed on Sept. 7 after a sharp collapse in the price of Bitcoin (BTC) saw the digital asset fall below $43,000, and this led to widespread liquidations in derivative markets as more than $3.54 billion was liquidated.  Amount of Liquidations in the past 24 hours by exchanges in total $3.54 was liquidated! In the past 24 hours, 330,243 traders were liquidated. The largest single liquidation order happened on @HuobiGlobal #BTC $BTC value $43.7M Data source: @bybt_com

SAN SALVADOR, Sept 7 (Reuters) – El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, although it suffered teething problems when the government had to unplug a digital wallet to cope with demand. President Nayib Bukele, who pushed for adoption of the cryptocurrency, called for help from users who had already downloaded the government-backed app, to test if it was now working properly. “Could you please try to register and post in the comments if there are any… Source link