Litecoin price shows a bear flag pattern hinting at a 64% crash. LTC has already triggered a breakdown, suggesting that this pessimistic outlook is at play. A daily candlestick close above $64.43 will invalidate the bearish thesis. Litecoin price shows a rather bearish outlook from a higher time frame perspective, which hints at a steep correction awaiting the altcoin. To make matters worse, this pattern has already confirmed a breakdown, indicating that the fate… Source link

While the Fed saw evidence of a slowing economy at its July meeting, the data released since then suggests otherwise. Notably, the jobs market has remained firm, keeping wages higher. The August consumer price index (CPI) figure released last week revealed that sticky inputs like rents and services are preventing inflation from cooling. Source link

TL;DR Breakdown Litecoin price analysis suggests upward movement to the $57.50 mark The closest support level lies at $52.00 LTC faces resistance at the $53.24 mark The Litecoin price analysis shows that LTC finds support at the $52.00 mark after being rejected from the $57.50 mark. While the price stabilizes above the $50.00 mark, the bearish pressure is yet to fully subside.  The broader cryptocurrency market observed a mixed market sentiment over the last 24 hours as most major… Source link

Cryptocurrency research platform Messari, in a new report, assessed the performance of Ethereum [ETH] in Q3 2022. Titled “State of Ethereum Q3 2022,” Messari found that the blockchain witnessed an uptick in activity on the network in Q3 over the last quarter. However, the network also logged some sectoral declines and suffered a general drop in revenue due to the activities of Layer 2 scaling solutions. In that case did ETH witness some actual growth?  Network… Source link

MicroStrategy’s latest buy of 301 bitcoins for $6 million brings its total BTC holdings to 130,000 Corporate buying of BTC will likely increase if the impairment costs on bitcoin are lifted, Valkyrie Investments head of research says MicroStrategy has bought even more bitcoin. The company snapped up more of the cryptocurrency throughout the ongoing market downturn, while other companies with substantial… Source link

Ethereum (ETH) co-founder Anthony Di lorio is unveiling what he thinks could be the best-case scenario for the leading smart contract platform. Di Iorio tells Scott Melker in a new interview that Ethereum ideally will bring massive improvements to people’s lives by creating an ecosystem that seeks to provide real value. “I think something that can radically provide improvements to people’s lives in many different sectors by creating more efficiencies, by making things… Source link

Ethereum miners have sold over 14,785 ETH, totaling $19.73 million as of today’s price, from September 9 up to the day of the merge, according to data from OKLink.  OKLink pulls mining data across a dozen different mining pools, including F2Pool, Binance, and BTC.com On September 12, the miners reduced their holdings by 2,767 ETH, followed by another 4,121 ETH the next day.The largest sale came on September 14, the day before the Ethereum merge.  Miners at that time offloaded nearly 8,032… Source link

Last week, Litecoin’s price breached the $65 resistance level but failed to continue with the strong bullish trend. This triggered an aggressive push to the downside, which has resulted in prices falling by 25 per cent since September 13.  Today, Litecoin price looks to be continuing with the aggressive downward push, with prices already down by 3 per cent. The trend is in tandem with the general cryptocurrency industry, which has also been in an aggressive push to the downside…. Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Tuesday. The crypto is up 1.08% to $141.72 while the broader crypto market is up 0.43%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over… Source link

Ethereum’s switch to proof-of-stake (PoS) on Sept. 15 failed to extend Ether’s (ETH) upside momentum as ETH miners added sell pressure to the market.  On the daily chart, ETH price declined from around $1,650 on Sept. 15 to around $1,350 on Sept. 20, an almost 16% drop. The ETH/USD pair dropped in sync with other top cryptocurrencies, including Bitcoin (BTC), amid worries about higher Federal Reserve rate hikes. ETH/USD daily price chart. Source: TradingView Ethereum remains inflationary The… Source link