LTCN shares are trading 20 times lower in comparison to the LTC holdings per share by Grayscale. Thus, it’s 20 times more expensive to buy Litecoin via Grayscale than directly through the spot exchange.  The world’s eighth-largest cryptocurrency Litecoin (LTC) is up 13% today and is just short of $200. At press time, LTC is trading at a price of $194.9 with a market cap of $12.9 billion. Interestingly, investors seeking exposure to LTC via the Grayscale Litecoin Trust are paying a… Source link

There’s good news and bad news for gamers this week as the price of Ethereum has plunged, sending the profitability of the cryptocurrency favoured by GPU miners sharply down. The bad news is that even with a significant reduction in value, Ethereum remains a highly profitable crypto to hold onto and continue to mine. The value of Ether, the actual currency of the Ethereum blockchain, is creeping back up and over $1,600 USD at the time of writing, a little bounce from a plunge under $1,400,… Source link

Litecoin bulls engage forward gears after settling above the 200 SMA crucial level. A break above the 100 SMA and the 50% Fibonacci level to push LTC above $200 and pave the way for gains eyeing $200. The IOMAP shows the absence of strong resistance zones, adding credibility to the uptrend. A recently formed death-cross pattern may limit the bulls’ influence over the price. Litecoin has set out north after bouncing from support at $152. Initially, recovery was gradual but became… Source link

Ethereum Ethereum slid by 5.31% on Tuesday. Partially reversing a 10.55% rally from Monday, Ethereum ended the day at $1,488.34. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,605.89 before hitting reverse. While falling short of the first major resistance level at $1,627, Ethereum broke through the 23.6% FIB of $1,579. The reversal saw Ethereum slide to a late intraday low $1,455.86. The sell-off saw Ethereum fall through the 23.6% FIB and the first major support… Source link

Bitcoin rallied back above $50,000, surpassing the key psychological level as bullish momentum returned after last week’s selloff. The digital token climbed 8% to trade around $51,500 in early U.S. trading, reaching the highest level in a week. The cryptocurrency has been volatile. Prices plunged 21% last week and have recovered with the broad bounce back in equities. The swings in… Source link

Crypto has a low correlation with stocks. What does that mean? Mining rig in Norilsk (photo by Andrey Rudakov) © 2021 Bloomberg Finance LP Stocks, bonds, real estate, commodities. Bitcoin. Bitcoin? Is cryptocurrency an asset class deserving of a place in every endowment and retirement portfolio? There is now being built on Wall Street a modern portfolio theory of bitcoins: elaborate demonstrations that a dose of virtual currency will enhance the return… Source link

Shares in Grayscale Investments’ Grayscale Litecoin Trust, or LTCN, have been trading at a whopping 1,800% premium over the market rate of their underlying asset, Litecoin (LTC). $319 per Litecoin?  This difference is primarily due to retail investors’ inability to purchase shares directly from Grayscale Investments, whose funds are aimed exclusively at accredited investors. LTC holdings per LTCN share (orange) and premium (blue). Source: Bybt.com It costs $319 to buy a share in Grayscale… Source link

Litecoin price could blast off as multiple fundamental, technical, and on-chain indicators suggest that it is wildly undervalued. Grayscale accumulated over 174,000 LTC in the last 30 days, while the price hasn’t moved much. Whales holding 100,000 to 1,000,000 LTC have grown by 5.45%, showing interest in this cryptocurrency at the current price levels. Litecoin price dropped nearly 40% during the market-wide crash on February 20. Now, new developments around LTC… Source link

Monero, one of the market’s leading privacy coins, rose above its horizontal channel but awaited confirmation of a breakout over the next few sessions. BAT’s on-chain metrics backed a favorable outcome, but a key test awaited its bulls at the $0.59-resistance. Finally, Dash moved north of its $23.6 fib retracement level, but a hike above the 38.2%-level looked doubtful. Monero [XMR] Source: XMR/USD, TradingView Monero broke above its horizontal channel on the 4-hour chart on the back of… Source link

Nikki Beesetti paid for a semester’s tuition with a single Bitcoin she bought in 2017. Rafa Ayoub/Nikki Beesetti hide caption toggle caption Rafa Ayoub/Nikki Beesetti If you think America’s politics are… Source link