Key Takeaways Litecoin has taken a 13.6% nosedive in the last 36 hours.  Despite the significant losses, LTC looks bullish from an on-chain perspective. Prices could target $290 as long the $200 support level holds. Share this article Volatility has taken over the cryptocurrency market, generating over $8 million in liquidations worth of Litecoin positions across the board over the last 24 hours. Regardless, on-chain metrics show that LTC is well-positioned for higher highs. 

Litecoin price has eased after plummeting earlier in the day. The trend observed in the crypto is comparable to that of the leading cryptocurrency – Bitcoin, and other altcoins. After hitting its highest level since mid-May at $52,985.13, BTC dropped to 51,033.70. Notably, there exists a correlation between Bitcoin price and altcoins. However, even with the significant price swing seen in the crypto market, extreme greed remains the key emotion at play…. Source link

Bitcoin (BTC) could jump to $58,000 or dive to $44,000 from its current levels, an analyst warns as $50,000 sees a “very healthy retest.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hedging bets against a “swift downwards move” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $51,000 mark on Tuesday after losing $2,000 in two hours earlier in the day. Overnight, the pair hit fresh highs of nearly $53,000, coinciding with bullish… Source link

Toronto, Ontario–(Newsfile Corp. – September 7, 2021) – Bluesky Digital Assets Corp., (CSE: BTC) (CSE: BTC.PR.A) (OTCQB: BTCWF) (“Bluesky” or the “Corporation”) announced today that the Corporation had mined an implied and combined unaudited total of $407,175 CDN worth of cryptocurrencies for the month of August which was achieved via the mining of 3.43 Bitcoin (“BTC”) and via the mining of 51.57 of Ethereum (“ETH”). For further clarification, implied valuations are based on the booking… Source link

In not so many words, uber popular money manager Cathie Wood told Yahoo Finance Live billionaire and money manager John Paulson should put a few books about bitcoin (BTC-USD) on his fall reading list because the leading cryptocurrency is here to stay.  “John Paulson made an incredible call during the mortgage crisis. He has been a gold bug, I would say, for most of his career. And many investors who have spent their careers focused on gold cannot understand the digital concept associated… Source link

Bitcoin (BTC) kept traders on their toes on Tuesday as a sudden price dip sparked a retest of $50,000.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC still “fine” at $49,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it shed $2,000 in two hours Tuesday. The pair had hit $52,960 — nearly a four-month high — before consolidating and then heading lower. The volatile conditions mark a memorable day for Bitcoin adoption, coming as El Salvador… Source link

Bitcoin (BTC) targeted $53,000 on Tuesday as fears of a fresh BTC price dip faded above crucial resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView ”No going back” after El Salvador Bitcoin adoption Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new highs of $52,960 on Bitstamp overnight. After a swift retest of the $51,000 level — the lower boundary of what was previously a large wall of selling pressure — Bitcoin bounced back with a… Source link

Ethereum Ethereum fell by 0.58% on Monday. Following a 1.66% gain on Sunday, Ethereum ended the day at $3,928.89. A mixed start to the day saw Ethereum rise to a late morning intraday high $3,973.26 before hitting reverse. Falling short of the first major resistance level at $4,011, Ethereum fell to a mid-day intraday low $3,868.00. Coming within range of the first major support level at $3,864, Ethereum briefly revisited $3,970 levels before easing back. At the time of writing, Ethereum was down… Source link

Bitcoin mining consumes roughly 0.5% of all energy consumption worldwide, according to the New York Times. That’s roughly seven times more than Google’s total energy consumption per year, the report said. Bitcoin’s negative environmental impact is expected to become a bigger issue as cryptocurrency gains more popularity. See more stories on Insider’s business… Source link

Bitcoin (BTC) has been the uncontested cryptocurrency market leader since its creator launched the digital asset in 2009 and to date, it continues to be the dominant force in the industry.  This truth was put on display on Sep. 6 when BTC price rose to the $52,000 level and ignited a market-wide rally that lifted the price of small- and large-cap altcoins. When Bitcoin rallies, most of the legacy coins like Litecoin, Bitcoin Cash, XRP and Stellar tend to move in tandem. Now that BTC looks… Source link