The Litecoin price has come under intense pressure in the past two days as investors battle multiple catalysts. LTC is trading at $67.10, which is slightly below this week’s high of $74.45. Its total market cap has dropped to about $4.6 billion, making it the 20th biggest coin in the world. Why is LTC under pressure? There are several reasons why Litecoin price has declined sharply in the past few months. First, investors are concerned about inflow and outflow trends in the ecosystem…. Source link

LTC/USD traded lower yesterday, after it hit resistance at 74.10, but the slide was stopped at 64.35. The crypto has been trading between those tow barriers since May 13th, and thus, we would consider the very short-term bias to be neutral. However, zooming slightly out, we see that Litecoin remains well below the downside resistance line taken from the high of March 30th, and thus, we see more chances for traders to exit the latest range through its lower end. Such a… Source link

In times of uncertainty and bear markets, it is natural to be more worried about your investments. How can you reduce the overall risk of your investments? A diversification strategy is commonly adopted by many experienced investors for most of their asset holdings. How to diversify your crypto portfolio? Risk management is crucial while building a cryptocurrency portfolio in this rapidly expanding and dynamic industry. Diversifying your digital asset investments… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice A recent report highlighted that the daily transaction count on the Litecoin network has been pretty much the same as three months ago, standing at just over 100k. Similarly, the active address count has also remained unchanged, hovering around 300k, the same number it was back in February. This suggested a lack of growth in terms of users and investors for… Source link

Ethereum developers have reached another milestone on their way to the long-awaited ETH 2.0 network upgrade—the Ropsten public testnet will undergo an upgrade to proof-of-stake consensus on June 8. The configuration code for upgrading the testnet appeared in a pull request from Ethereum DevOps engineer Parathi Jayanathi in the eth-clients GitHub repository on Monday.  Last month, the developers working on The Merge, an upgrade to the Ethereum network to switch it from a proof-of-work to… Source link

Ethereum’s network looks all set for the year 2022 and for the years to come, as per a new report released by a16zcrypto. The 2022 State of Crypto report discussed the trend lines of the crypto-industry and the development of Web3. Lying at the heart of it is Ethereum with its smart contract platforms that have spread diversely. How does ETH dominate Web3? Ethereum has gradually developed as the leading altcoin network in Web3. Acolytes of the token consider ETH to tip Bitcoin soon after… Source link

“Wen MimbleWimble [MWEB] update?”, you ask. Well, according to Charlie Lee, Managing Director of the Litecoin Foundation, the MWEB upgrade is estimated to activate on 19 May at 8:30 p.m. (5/20 3:30 a.m. UTC). With the promise to enhance the user experience by providing users the option to make confidential transactions on the Litecoin network, here is what you should know about the performance of the LTC token so far.  Off goes the Lite On 3 May, the Lite Foundation made an

The first indication from El Salvador’s extremely online president Nayib Bukele that his country’s experiment with Bitcoin was not going well came last week, in typical fashion, on Twitter. But this time it was uncharacteristically subtle: He briefly removed the red laser eyes from his avi. The laser eyes motif, adopted by many a crypto bro on social media, had marked Bukele as a true believer. It dovetailed well with the 40-year-old’s carefully crafted public image of a hip, young,… Source link

What happened Cryptocurrencies lost ground Wednesday as investors continued to attempt to assess the state of the U.S. economy and what steps the Federal Reserve will need to take to rein in high inflation. As of 1:25 p.m. ET, the price of the world’s largest cryptocurrency, Bitcoin (BTC -4.87%) had fallen 3.4% over the prior 24 hours. The world’s second-largest cryptocurrency, Ethereum (ETH -7.13%), had fallen about 4%, and meme token Dogecoin (DOGE -6.66%) was off by more… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link