Ethereum (ETH) had recently dropped below an ascending wedge formation, as shown in blue on the following chart, and since then lost its short-term bullish momentum. ETH is now facing crucial support level as described below. Key Support levels: $4,354, $4K Key Resistance levels: $4,689; $5,075 Over the past week, amid a new ATH for ETH, the bulls were unable to push the coin above the coveted $5,000 mark. The current ATH lies at $4,878 (recorded on Wednesday). Since then, the… Source link

Litecoin, over the years, has managed to remain relevant despite the emergence of new altcoins in the space. Now, even though LTC might not be the top-performing coin today or even one of the most famous ones, its correlation to Bitcoin is what has kept people coming back to it. Ergo, the question –  How long can  Litecoin survive this way? And, what exactly can change this for Litecoin? Litecoin needs more weight This week, LTC saw a random rally for 48 hours on 8 and 9 November. Over… Source link

A leading cryptocurrency analyst and trader is predicting that two of the largest crypto assets by market cap are primed for a rally. The pseudonymous analyst known as Smart Contracter tells his 180,200 Twitter followers that leading smart contract platform Ethereum is set to break out against Bitcoin (ETH/BTC). “ETH/BTC when, not if.” Source: Smart Contracter/Twitter According to Smart Contracter’s chart, the pair could take out its diagonal resistance and rally to above 0.14… Source link

Crypto analytics firm Santiment thinks that Litecoin’s quick run-up to new local highs is putting the asset in treacherous trading territory. In a new Litecoin (LTC) market update, Santiment is pointing to a few useful metrics for tracking Litecoin’s price action and gauging the network’s overall health. The analytics firm notes that Litecoin is in the “danger zone” as short-term holders are now in a position to take profits. Santiment uses the market value to realized… Source link

As cryptocurrency gains acceptance, more people are vying to get their paycheck and other benefits in bitcoin, Ethereum and other digital currencies. Famous athletes, politicians and everyday employees are now getting all or part of their salary this way. “Whether you’re the quarterback of the Green Bay Packers, or you’re driving Uber, you can get paid in bitcoin,” said Jack Mallers, CEO of Strike, a digital finance company. In the sports world, the Sacramento Kings are set to become the… Source link

As the Venmo team continues to grow and expand their cryptocurrency platform, they’re pleased to offer a new feature that will enable clients to set price alerts for digital currencies via the Venmo platform. This should help clients with tracking the price of the four cryptocurrencies available to purchase, hold and sell on Venmo. Beginning to roll out on November 10, 2021, Venmo clients have the option to enable alerts to receive push notifications when the selected virtual currency… Source link

Bitcoin, the most popular digital currency, soared to a new all-time high of nearly $70,000 per coin this week. It has climbed almost 125% this year, while the good old S&P 500 (SPX) is up less than 24%. The first Bitcoin ETF started trading last month, allowing investors to get in on the crypto craze without actually buying the currencies outright. Clearly, the crypto craze is here to stay. But there are big questions about what kind of regulation might be in the works for the asset class…. Source link

Litecoin bulls look to fight back control, with eyes on the six-month top. LTC price spots a bull flag on the 12H chart, awaits confirmation. RSI stalls its descent while above 50.00, underpinning the buying mood. The corrective decline in Litecoin price appears to have lost steam from six-month highs of $298, as LTC bulls look to regain control this Saturday. LTC price is attempting a tepid bounce from three-day lows of $244 reached Friday, currently trading… Source link

Ethereum’s native cryptocurrency – ether (ETH) – moved up with bitcoin (BTC) to reach a new all-time high above $4,850 on 10 November. However, at the time of writing (13 November), the coin slipped lower to trade at $4,635. Cryptocurrency markets have soared this year, driven by rising institutional interest in bitcoin, as well as the emergence of decentralised finance (DeFi) and non-fungible tokens (NFTs) running on the Ethereum blockchain. The ETH price has also found support as a Source link

While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s. Moreover, after nine consecutive difficulty changes, going forward, it will be 50% more difficult to mine bitcoin than it was three months ago for the next two weeks. Bitcoin’s Hashrate Follows the Price… Source link