Crypto market analyst Justin Bennett is giving an update on his outlook for Cardano (ADA), Litecoin (LTC), and Polkadot (DOT). Bitcoin has been selling off gradually since topping out just under $53,000 in early September. Bennett expects lower altcoin prices in the short term as BTC looks for stability.   Starting with Cardano, the strategist tells his 70,800 Twitter followers that ADA is facing resistance at $2.30 after failing to reclaim that level last week. “Remember how… Source link

Litecoin token over the monthly chart is projecting a bearish rally since the past few trading sessions, with no sign of solid reversal.  Currently, the crypto asset is trading below its all vital moving averages of 20, 50, 100, and 200-day lines, with below-average volume activity. The pair of LTC/BTC is trading positively at 0.003518 BTC with a minor 24-hour gain of +0.75%, and the ratio of LTC/ETH is CMP at 0.05091 ETH with an intraday gain of +1.24%.   tradingview Litecoin token at… Source link

Bitcoin is long overdue for a “FOMO rally” to new all-time highs that could touch $200,000 or more, say one of its oldest investors. In an interview with Bloomberg on Sept. 29, Bobby Lee, former CEO of exchange BTCC, cast aside any suggestion that the price of Bitcoin (BTC) was in trouble. Lee: Bitcoin has been due for next rally “for a long time” One of an increasing number of sources staying bullish on Bitcoin for Q4, Lee — who went on to found wallet manufacturer Ballet —… Source link

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. For the longest time, Bitcoin and Ethereum have been garnering a reputation for making millionaires. However, as they’ve reached high market caps, less known smart contract platforms are increasing the competition by upping the yield game. Blockchain Layers Explained When Vitalik Buterin, the co-founder of Ethereum, came up with… Source link

Litecoin Prediction and Forecast: For the next 24 hours Price of Litecoin is predicted to be in range of $ 147 and $ 163. Litecoin Price Prediction Daily: Current Prices The current price of Litecoin is $ 147.77 which is 1.26% lower than 24 hours ago. Litecoin Prediction Daily: Technicals Litecoin Prediction and Forecast: Will Litecoin Rise? Litecoin recently fell below its support price and tanked to $144. Litecoin which was trading around $200 and… Source link

Bitcoin (BTC) trudged toward $43,000 on Wednesday, Sept. 29, as a “macro predicament” kept bulls on their toes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC in yet another dip below $41,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging slightly higher after a fresh $40,000 retest overnight. The pair had shown what could be underlying strength after multiple probes of the $40,000 mark, but on Wednesday, traders were warning more broadly, little… Source link

The XMR/USD closed at $234.200, after reaching a high of $248.100, and a low of $233.700. The XMR/USD remained flat throughout the day, opening and closing the trading session on Tuesday at the same price level, hence null movement. Just like all other cryptocurrencies, Monero started to plunge on Tuesday, following the recent negative market sentiment. China’s crackdown on cryptocurrencies extended even further, with the government issuing another warning to stop trading in cryptocurrency… Source link

However, according to analysts, much of the selling pressure came through new investors. “What we see here is that older market participants are sitting tight on their holdings, shown by the average lifespan of spent outputs declines,” Blockware Intelligence’s newsletter dated Sept. 17 said. “As a general rule of thumb, high spending from older entities is bearish, low spending from older entities is bullish.” Source link

Ethereum Ethereum fell by 4.12% on Tuesday. Following a 4.40% slide on Monday, Ethereum ended the day at $2,805.65. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,971.16 before hitting reverse. Falling short of the first major resistance level at $3,087, Ethereum slid to a final hour intraday low $2,782.60. Ethereum fell through the first major support level at $2,844 to end the day at $2,805 levels. At the time of writing, Ethereum was down by 0.22% to $2,799.58…. Source link