Litecoin is on the verge of a massive technical breakout from a falling wedge pattern. The MVRV ratio shows that LTC is in a buy zone, which is a bullish signal. Litecoin’s expected breakout may delay due to the resistance illustrated by the IOMAP. Litecoin is trading 2% higher over the last 24 hours. It is among the few coins dotting the cryptocurrency market green. Meanwhile, short-term technical analysis suggests that a breakout is around the corner, especially… Source link

Litecoin during the last cycle was as popular and hyped as other top cryptocurrencies Bitcoin and Ethereum. This time around, however, the coin called digital silver isn’t performing anywhere nearly as well as its digital gold counterpart or even other altcoins. Whatever has been causing the lag behind the rest of the market, there are several signs that the altcoin has bottomed and is the next cryptocurrency in line to set a new all-time high. Five Technical Signs That Point To A Bullish… Source link

Nowadays, more people are checking the price of Litecoin and other cryptocurrencies. It’s the latest investment option that’s sweeping the world. Litecoin is one of the thousands of cryptos you can find on the internet. Many people consider it the silver to Bitcoin’s gold, so they want it in their portfolios. Let’s explore the humble beginnings of the internet’s digital silver. We’ll compare it with digital gold Bitcoin and check their… Source link

Three diagonal digital chains on a blue background. Blockchain technology concept. Mining and … [+] cryptocurrency. Close up. 3d rendering getty A cryptocurrency is a software object with units or “tokens” that can be transferred securely and verifiably from one owner to another. Transactions are recorded in a public, widely distributed database (a “blockchain”). The transfer verification mechanism is cryptographic. It employs a mathematical protocol… Source link

Bitcoin has soared more than 700% in a year Dado Ruvic/Getty Images Bitcoin conditions are “similar to the second half or later stages of a bull market,” crypto analysts said. Glassnode’s report pointed to signs of long-term holders spending coins and a reduction in big wallets. Talk of a bitcoin price plunge has grown, with a crypto entrepreneur saying there could be a 90% drop. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin may be entering the second… Source link

Monero was trading at the helm of its $215.7-support level, with its bearish indicators spelling short-term losses over the coming sessions, at press time. On the contrary, NEM was moving within a horizontal channel, while Augur could extend its gains all the way up to the $50-mark. Monero [XMR] Source: XMR/USD, TradingView A look at Monero’s 4-hour chart highlighted a bearish trend as the crypto’s price tested the $215.7-support. The OBV took a dip and stabilized as the price… Source link

Ethereum Ethereum slid by 5.78% on Monday. Following on from a 1.22% loss on Sunday, Ethereum ended the day at $1,681.02. A bearish start to the day saw Ethereum slide to an early morning low $1,754.25 before finding support. Steering clear of the first major support level at $1,749, Ethereum struck a late morning intraday high $1,806.39. Falling short of the first major resistance level at $1,819, Ethereum tumbled to a late intraday low $1,657.17. Ethereum fell through the first major support… Source link

Bitcoin is dividing opinion on Wall Street, with a rush of investment banks expressing widely divergent views on the cryptocurrency boom. The digital currency soared 300 per cent last year, and has roughly doubled in the opening weeks of 2021, taking its value to about $60,000. With an estimated 18.7m coins in circulation, that takes the overall value of the market to roughly $1.1tn — too big for investment banks to ignore. But the extra scrutiny from professional analysts… Source link

Vlad Zamfir, an ethereum developer who is working on an alternative blockchain called casper, is suing CasperLabs, a blockchain research and development company with ties to cryptocurrency investor and former U.S. presidential candidate Brock Pierce. Zamfir has accused Switzerland-based CasperLabs of using casper in marketing materials for CasperLabs in a way that might mislead potential investors ahead of an imminent fundraising, scheduled for the coming three days. Pierce, who’s… Source link

IBC’s Khurram Shroff has joined the board of Ethereum Genesys Foundation as a show of commitment to preserve the decentralized nature of Blockchain. Ethereum has escalated ETH 2.0 merge, as Ethereum GENESYS plans a Mining Fork of Ethereum, in a move to save Miners from Quick Merge, and enable Defi and NFTs. Gregory Prekupec, Founder and Director of Ethereum Genesys, and noted Canadian Blockchain technology lawyer, has pledged support to the Ethereum Genesys Foundation. This multiple backing… Source link