Blockchain News – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 10th, 2021 Ethereum Ethereum rose by 1.09% on Tuesday. Following on from an 8.51% rally on Monday, Ethereum ended the day at $1,772.16. It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,710.01 before making a move. Steering clear of the first major support level at $1,619, Ethereum rallied to a late morning intraday high and a new swing hi $1,824.23. Falling short… Source link

Monero rose north of the 200-SMA on the price charts and projected a bullish trend, but stronger cues were needed to support a move above its most recent local high. IOTA and DCR flashed bearish signals at the time of writing, with both expected to move lower towards their respective support levels in the short-term. Monero [XMR] Source: XMR/USD, TradingView A look at Monero’s 4-hour chart highlighted a bullish market since the start of the month as the candlesticks climbed above their… Source link

The Monero community has posted a proposal to add XMR as a payment option on the Tesla website. Shortly after Elon Musk’s Tesla Motors hinted that they may start accepting Bitcoin (BTC) payments its electric cars, the Monero community suggested that XMR could also be a good payment option. After posting a CCS proposal on Feb. 9, the Monero community has raised 890 XMR ($155,000) in a move to add Monero as a payment option for a new Tesla alongside Bitcoin.  As part of the proposal, the… Source link

Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA , shook Wall Street this week when he revealed his company had bought $1.5 billion of bitcoin. The bitcoin price has surged in recent weeks, partly due to Musk’s pro-bitcoin tweets—at one point sending the price of bitcoin almost 20% higher. Now, lawyers have warned Musk, whose fast-and-loose Twitter persona has landed him in hot water with regulators before, could face questions from the U.S. Security… Source link

Ethereum Ethereum rose by 1.09% on Tuesday. Following on from an 8.51% rally on Monday, Ethereum ended the day at $1,772.16. It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,710.01 before making a move. Steering clear of the first major support level at $1,619, Ethereum rallied to a late morning intraday high and a new swing hi $1,824.23. Falling short of the first major resistance level at $1,833, Ethereum fell back to sub-$1,720 levels and into the red. Late… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued Let’s talk about growth. With corona receding, politics growing less exciting, and a new year ahead, investors are getting optimistic – and that means there’s a hunt for stocks that will bring in strong returns. In other words, growth stocks. In a recent interview, Jan Hatzius, chief economist at investment giant Goldman Sachs, said that he sees GDP growth in 2Q21 hitting as high as 10%. In an environment like that, most stocks… Source link

Litecoin price is contained inside an ascending parallel channel on the 4-hour chart. The digital asset faces only one barrier ahead which could propel its price to $200. A notable number of whales have exited Litecoin, adding some selling pressure. Litecoin has been trading in a steady and robust uptrend since the beginning of 2021. It is now facing one crucial resistance level at $175 before its final breakout towards the psychological level at $200. Litecoin… Source link

Bitcoin and ether surpassed Monday’s price records. In ether’s case, CME’s futures launch has given the asset more credibility than ever before. Bitcoin (BTC) trading around $47,174 as of 21:15 UTC (4:15 p.m. ET). Gaining 7.1% over the previous 24 hours. Bitcoin’s 24-hour range: $43,948-$48,226 (CoinDesk 20) BTC well above the 10-hour and the 50-hour moving average on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Feb 6. Source: TradingView

Litecoin (LTC) might be 60% below its December 2017 all-time high at $420, but that hasn’t stopped its futures contracts open interest from reaching a record $584 million. This makes LTC the seventh-largest cryptocurrency by market capitalization and it ranks third in derivatives, behind Bitcoin (BTC) and Ether (ETH). Litecoin futures aggregate open interest. Source: Bybt.com As shown above, LTC futures aggregate open interest increased by 285% over the past three months. One should keep in… Source link

CNBC host Jim Cramer. Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Jim Cramer told CNBC on Tuesday that he believes it’s “almost irresponsible” for companies not to consider owning bitcoin. The “Mad Money” host said he personally owns bitcoin and advised investors to “own some cash, own some gold, own some bitcoin.” The bullish comments comes as bitcoin tested all-time highs of over $48,000 per coin Tuesday morning. Visit the Business section of Insider for… Source link