TL;DR Breakdown Litecoin price analysis is bearish today. LTC/USD set further lows overnight. Next support at $210.  Litecoin price analysis indicates bearish momentum to follow as further downside was reached earlier today. Therefore, LTC/USD has not yet found the bottom, meaning that further downside can be expected. Cryptocurrency heat map. Source: Coin360 The overall market traded with bearish momentum over the last 24 hours. Bitcoin declined by 1.79 percent, while Ethereum dropped… Source link

Investors in the cryptocurrency world are increasingly focused on a number of factors when considering which tokens to invest in. Indeed, as part of a well-diversified portfolio, investing in a range of assets is preferred, in a bid to improve risk-adjusted returns. However, how to pick the best potential investments among a group — that’s a tougher question. Among the key factors crypto investors want to consider are:  Is a given cryptocurrency… Source link

Choices, choices. There are well over 13,500 cryptocurrencies. That number continues to grow. Most of these digital coins fly far below the radar for most investors. But not Ethereum (CRYPTO:ETH) and Shiba Inu (CRYPTO:SHIB). They’re two of the most popular cryptocurrencies on the planet. Both have been big winners so far this year. Which is the better crypto to buy now? Here’s how Ethereum and Shiba Inu stack up against each other. Image source:… Source link

Since the beginning of the 20th century, stocks have delivered the highest average annual return among popular investment vehicles, such as bonds, gold, and other commodities. But over the short term, cryptocurrencies have lapped the stock market many times over. Leading the charge is Bitcoin (CRYPTO:BTC). The world’s largest digital currency by market cap has increased in value from $0.0008 (that’s eight-hundredths of a penny) at the beginning of… Source link

When AMCTheatres enabled the option to pay in cryptos, Litecoin registered a decent hike. The reasoning seemed genuine and even additional metrics pointed out that it was probably an organic rise in the short term. However, on further research, it appeared that Litecoin has begun following a pattern. One where it goes up by a significant margin, sits there for a while, and then drops back down, canceling all or most of the growth. An example of the same can be found on the chart itself. For… Source link

Bitcoin (BTC) investors who bought at 2017 all-time highs and above have still not sold, data suggests. According to the HODL Waves metric, coins which last moved in the past six to twelve months now make up the biggest portion of the BTC supply. BTC buyers hold their nerve Despite strong gains and equally strong corrections in 2021, those who entered the market or added to their positions in or after November 2020 are refusing to sell. HODL Waves, which track the age distribution of unspent… Source link

Speaking at the Bloomberg New Economy Forum on Wednesday (Nov. 17), Axel Weber, chairman of UBS Group AG, shared his skepticism around bitcoin and said the concept of anonymous payments won’t last. Weber’s comments are consistent with his past views on cryptocurrency. “I love the technology, I think the idea of having instantaneous transactions between a large number of people — fantastic,” Weber said, per Bloomberg. However, he thinks the idea of moving payments away from banks… Source link

Ethereum Classic (CRYPTO: ETC) fell 13.21% on Tuesday before bouncing to  just above a support level at $50.78. The decline was in sympathy with crypto market leaders Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which retraced 5.52% and 7.7%, respectively, over the same 24-hour period. On Wednesday, Ethereum Classic was trading mostly flat in consolidation but was settling into a bearish pattern that may signal trouble for the crypto over the coming days. See Also: 

What happened  Volatility strikes again for mainstream cryptocurrencies. The drop in crypto that began a week ago hit a low point very early Wednesday morning, but the industry has bounced back slightly since then.  According to Coinbase, Bitcoin (CRYPTO:BTC) fell to as low as $58,380 early this morning, but is now down just 0.64% in the past 24 hours to $60,191 as of 4:10 p.m. ET. Ethereum (CRYPTO:ETH) had a similar move, hitting a low around… Source link

Bitcoin (BTC) bulls were euphoric when the price soared to $69,000 on Nov. 10 because the 14.5% gain accumulated over five days meant they were in for a $715 million profit on Nov. 12’s options expiry. However, the 9% negative price move on Nov. 16 caught bulls by surprise, especially since most of the call (buy) options for Nov. 19 have been placed at $66,000 or higher. Curiously, that price level has been the exception rather than the norm. Bitcoin/USD price on FTX. Source: TradingView Bears… Source link