The founder Charlie Lee launched a new hashing algorithm in the name of Litecoin, which offers faster transactions than Bitcoin. Moreover, it is more scalable and suitable for P2P crypto transactions. Now merchants no longer have to wait an hour for Bitcoin-based transactions and can choose Litecoin as an alternative. However, it is not a time-tested solution like Bitcoin, so a user should use Litecoin for small transactions. It is an open-source project that runs on a Proof-of-Work… Source link

Monero Classic receives a strong long-term technical score of 91 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMC currently holds a superior long-term technical… Source link

Ethereum’s native token, Ether (ETH), underwent a sharp relief rally after falling to $880, its lowest level in eighteen months, on June 18. ETH price regains 30% in two days Ether’s price reached above $1,150 this June 19, marking 30%-plus gains in just two days. However, at the beginning of the new weekly session this June 20, the ETH/USD pair hinted at giving up its weekend gains, with its price plunging by almost 9% from the $1,150 high.  PostyXBT, an independent market analyst, told his… Source link

Bye-bye bear market blues; welcome to the network, Bitcoin (BTC) believers. Over the past week, the number of Bitcoin wallet addresses containing one BTC or more increased by 13,091. The total number of “wholecoiners” surged to 865,254. The number of whole coiners has rocketed during the downward price action, highlighted by the hockey stick growth on the Glassnode graph: Since the 10th June the orange line has jumped. Source: Glassnode Christian Ander, the founder of the Swedish Bitcoin… Source link

Ethereum price dips beyond the new area for recovery. ETH price will drop 50% before finding key support to halt the descent. Expect an L-shaped to W-shaped recovery, as current tail risks will linger for some time. UPDATE: Ethereum price dipped below the psychological $1,000 mark during the weekend, as bears continued to dominate price action on Saturday. The market took a turn on Sunday, though, as the whole crypto ecosystem was able to bounce back and several coins recovered key… Source link

Litecoin Climbs 11% In Rally Investing.com – was trading at $53.230 by 05:19 (09:19 GMT) on the Investing.com Index on Monday, up 10.85% on the day. It was the largest one-day percentage gain since June 19. The move upwards pushed Litecoin’s market cap up to $3.744B, or 0.42% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $51.360 to $54.480 in the previous twenty-four hours. Over the past seven days,… Source link

The Litecoin price analysis shows that bears are leading the charts for today. Overall the coin is trying to get out of the bearish cycle as the price trend line has been upward for the last six days. But bears are continuing their lead for today, as they took control over price function yesterday at the end of the trading session; otherwise, bulls were performing well yesterday and uplifted the price to a good height. Despite the fact that the short-term trend line is moving upwards, the… Source link

The cryptocurrency market is declining like a sinking ship. Yet, some altcoins can perform better in the upcoming days. This article is all about Monero price analysis. Is XMR a good buy after this huge market crash? Let’s take a look at it in more detail.  What is Monero (XMR) Crypto? Monero is a cryptocurrency that comes with an elevated degree of anonymity. It is a decentralized cryptocurrency that employs a public distributed ledger implanted with privacy-focused technologies… Source link

Bitcoin, the world’s biggest and best-known cryptocurrency, was up more than 16% from this year’s low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in the crypto industry and amid a general pull-back from riskier assets. The coin’s price retreated a bit Sunday evening to $19,781.69, according to Coinmarketcap. Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday said the rise in Bitcoin was likely the result of… Source link

Ether, the second largest crypto by market cap, followed a similar price pattern, tumbling to an almost five-year low below $1,000 before rising late in the weekend. It was recently changing hands at about $1,120, up more than 13% from the previous day. Other major altcoins were well into the green with LTC and AXS up more than 17% at one point. Source link