Momentum strategies don’t appear to work with bitcoin BTCUSD, +2.48%. The past couple of weeks provide a good illustration of why. From an Oct. 19 high of almost $67,000, bitcoin fell $9,000 over the next eight days to just above $58,000 — indicating that the short-term trend was most definitely down. But, far from that trend continuing, bitcoin turned back up and over the next 12 days completely erased that decline. The same… Source link

Despite copying the king of crypto, Litecoin has made a position among the top 14 cryptocurrencies with a market value of $17.28. As of November 2021, Litecoin has a net circulating value of 82%, which comes to around 68,933,033 LTC, and this circulation is increasing with every block solved on its network as a means of mining. LTC has a strong potential to make a fresh all-time high. Litecoin Price Analysis  Litecoin breakout indicates a newfound buyer sentiment in this cryptocurrency…. Source link

Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears. #Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng — Holger Zschaepitz (@Schuldensuehner) November 9, 2021 The 14th-largest digital asset rose by a little over 25% in… Source link

Litecoin price is escaping from the wide consolidation range of $100 to $235, with a slight increment in the volume activity.  The crypto asset trades above vital moving averages of 20, 50, 100, and 200-day lines, with a strong move from lower levels.  The pair of LTC/BTC is trading at 0.003629 BTC with an intraday gain of +14.56%, and the ratio of LTC/ETH is CMP at 0.0515 ETH with a 24-hour change +16.58%.  Litecoin price at the monthly chart is trading on a bullish note, with higher… Source link

The bitcoin price has reached a new record high, breaking through $68,000 (£50,000), and analysts predict that the world’s best-known cryptocurrency will rise further in the coming weeks. This beats the previous record high set in late October, when bitcoin reached nearly $67,700 before falling back again when investors discovered a new cryptocurrency, shiba inu. Other cryptocurrencies have also risen to record highs, such as ethereum, which soared to $4,837. Bitcoin has always been… Source link

Ethereum Ethereum rose by 4.22% on Monday. Following a 2.06% gain on Sunday, Ethereum ended the day at $4,811.9. A mixed start to the day saw Ethereum fall to an early morning intraday low $4,616.50 before making a move. Steering clear of the first major support level at $4,536, Ethereum rallied to a late intraday high and a new ATH $4,825.00. Ethereum broke through the first major resistance level at $4,669 and the second major resistance level at $4,721 to end the day at $4,800 levels. At the… Source link

The Litecoin price is starting to notice what’s happening to the cryptocurrency market, which could present an attractive opportunity. Litecoin (LTC) is trading at $244 (+6.85%), +27% so far in November, and +96% year-to-date. LTC’s market cap is currently $16.77 billion, ranking it the 14th-biggest cryptocurrency behind Avalanche (AVAX). The combined value of all cryptocurrencies reached a record $3 trillion this morning, spurring many altcoins to break out on the upside. Luckily for… Source link

Litecoin price looks ready to make a massive move as it flips the $232.94 resistance barrier to support. This move is likely to be accompanied by an explosive 40% ascent to $322.31. A daily close below $189.75 will invalidate the bullish thesis for LTC. Litecoin price has been on a slow uptrend since September 29 but exploded on November 8. This volatile move has breached a crucial barrier and turned it to the bulls’ advantage, suggesting that an upswing is… Source link

Alleged perpetrators of the ransomware attack on, Kaseya – an IT firm that helped systems administrators manage large networks, have been charged by the US Department of Justice for the attack. This case is part of the Department of Justice’s Ransomware and Digital Extortion Task Force, which was created to combat the growing number of ransomware and extortion attacks. According to the DOJ, an indictment charges Yaroslav Vasinskyi, 22, a Ukrainian national, with conducting ransomware… Source link

What happened  The value of cryptocurrencies jumped over the weekend and that momentum continued early in Monday trading. Crypto has been volatile all year, but the trading trends are moving higher as people become more comfortable owning cryptocurrency and the government starts to take it more seriously.  In the last 24 hours, Bitcoin (CRYPTO:BTC) is up 6.1% and is trading right at $66,000 at 1:20 p.m. EST. Ethereum’s (CRYPTO:ETH) move is a bit… Source link