Litecoin price hovers above two descending channels. A closing candle below $50 could begin the start of a fatal drop toward $10. Invalidation of the bearish thesis remains a breach above. Litecoin price continues to display bearish signals. Key levels have been identified. Litecoin price likely to fall Litecoin price shows concerning price action during the final trading weekend in August. Earlier this month, a midterm thesis was issued noting the strong possibility of a grand super… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market was having an uneventful week amid these late-summer doldrums—until Friday, when the world’s leading cryptocurrency dropped 4% in the space of 24 hours. The price plummet was triggered by Federal Reserve Chair Jay Powell’s remarks in Jackson Hole that the Fed will keep raising interest rates as long as it takes to combat inflation. The comments sent stocks reeling as well, not just crypto. To kick off… Source link

Cryptocurrencies extended losses into the weekend after Jerome Powell warned against prematurely loosening policy, with Bitcoin dipping below the bottom end of the narrow range that it has traded in the past two weeks. “Powell’s admission that there will be pain before there is relief is rather hawkish,” said Josh Olszewicz, head of research at digital asset fund manager Valkyrie Investments. Source link

Bitcoin (BTC) failed to keep $20,000 support on Aug. 27 as fears over a sell-off by users of defunct exchange Mt. Gox added to price pressures. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Mt. Gox rumors dismissed as “typical crypto” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed to new six-week lows, reaching $19,766 on Bitstamp. Thin weekend liquidity appeared to exacerbate already jittery markets, which reacted badly to unconfirmed rumors that… Source link

LTC ownership is concentrated but founder Charlie Lee is no longer in the club. – Photo: Shuttestock, Dusan Zidar Litecoin (LTC) was one of the early cryptocurrencies, going live in 2011 with a blockchain based on Bitcoin (BTC), but boasting faster transaction processing times.  The coin was previously among the top 10 cryptocurrencies, but as more and more new cryptos have emerged with the arrival of decentralised applications (dApps) running on smart contract blockchain platforms… Source link

News Home Saturday, August 27, 2022 06:46 AM | InvestorsObserver Analysts InvestorsObserver gives Monero an average long-term technical score of 54 from its… Source link

Bitcoin (BTC) analysts were keen to draw fresh price targets on Aug. 27 after the largest cryptocurrency briefly fell below $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Sub-$20,000 BTC price targets stay in place Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,945 on Bitstamp the night after hawkish comments from the United States Federal Reserve.  Intraday losses for the pair neared 9% and United States equities cratered over the outlook… Source link

Recently, the price of cryptocurrencies has declined tremendously. Bitcoin recently declined to $20,000. Ethereum’s price slammed below $1490. Almost all the altcoins exhibited unsatisfactory performance. What could the future of cryptos look like? In this article, we discuss the future of one altcoin named Litecoin. This post is all about LTC price prediction can Litecoin reach the 100$ mark? Let’s take a look. What is Litecoin (LTC)? Litecoin is one of the most aged altcoins… Source link

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The Ethereum merge is poised to be one of the momentous events in cryptocurrency history. Why? The Ethereum blockchain, the protocol that underpins many non-fungible tokens (NFTs), is in hot water for being an energy-guzzling network — and the founders are determined to do something about that. As such, later this year, Ethereum is ditching its former energy-intensive system and adopting a more environmentally friendly method. This is a huge win for atmosphere’s health, and green-focused… Source link