Litecoin price hovers within a descending parallel channel. The 200-week moving average is currently 65% above the current market value. Key levels have been identified for both a bearish and bullish scenario. Litecoin price is inching towards a breakout, but jumping in too soon could result in a whirlwind of pain.  Litecoin price bullish scenario Litecoin price currently trades at $58.78 as the bulls and bears collide on smaller time frames. Although the… Source link

Bitcoin (BTC) traded in an increasingly narrow range on Sept. 6 as bets piled in over an imminent breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance futures giant sucks in spent BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying under $20,000 for a fourth straight day with bulls failing to crack resistance. As many wondered when and how the latest consolidation phase would end, two popular social media traders noticed an ongoing accumulation… Source link

News Home Tuesday, September 06, 2022 09:09 AM | InvestorsObserver Analysts InvestorsObserver gives Monero an average long-term technical score of 61 from its… Source link

Key Takeaways The ETH:BTC ratio hit a 2022 high of 0.084 early Tuesday. Ethereum is outperforming Bitcoin as “the Merge” draws closer. The first step of the number two blockchain’s Proof-of-Stake update is scheduled to go live today. Share this article The ETH:BTC ratio hit 0.084 Tuesday.  Ethereum Rallies Against Bitcoin With “the Merge” now days away, Ethereum is surging against Bitcoin.  ETH/BTC year-to-date (Source: TradingView) TradingView data shows that the ETH:BTC… Source link

Bitfinex will review all forked tokens and take snapshot of all ETH balances and margin positions. Bitfinex has announced support of the Ethereum Merge, one of the most important chapters in Ethereum’s history as it permanently changes the underlying consensus mechanism to a proof-of-stake system. “Proof-of-stake” uses an algorithmic lottery to determine who gets to validate transactions (and win tokens as a reward for doing so) out of a pool of “stakers” who temporarily deposit… Source link

Ethereum Name Service (ENS) domain names have surpassed Bored Ape Yacht Club (BAYC) as the most traded asset on NFT marketplace OpenSea over the last seven days — seemingly ahead of the Ethereum Merge.  According to OpenSea data, the weekly volume of the Ethereum domain NFTs eclipsed 2,249 ETH at the time of writing, beating out RTFKT Clone X (1,992 ETH) and Bored Ape Yacht Club (1,777 ETH). ENS domains are a distributed, open and expandable naming system on the Ethereum blockchain that… Source link

Bitcoin is consolidating above the $19,500 support against the US Dollar. BTC could start a major increase considering the recent rise in ether. Bitcoin is still trading in range near the $20,000 zone and below the $20,500 resistance. The price is now trading below the $20,000 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $19,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The… Source link

ENS domains have taken the top spot as the number one collection on the NFT marketplace OpenSea. Driven by a 170% jump in sales over the past 24 hours, the Ethereum Name Service flipped the Bored Ape Yacht Club in seven-day volume. In the past week, ENS trading volume surpassed 2,305 ETH or $3.76 million, representing a 43% week-over-week increase. The Bored Ape Yacht Club saw a parallel 43% drop to 2,126 ETH. That dopamine from registering an ENS Domain > — rich (140u.eth) (@NoKapRich) Source link

The assumption that Ethereum will just transition to a fully functional proof-of-stake (PoS) network after the Merge somewhat ignores the risk and effort necessary to move an asset that has a $193 billion market capitalization and 400 decentralized applications (DApps). That is precisely why monitoring vital network conditions is essential for anyone willing to trade the event which is scheduled for Sept. 14, according to ethernodes.org. More importantly, traders should be prepared to detect… Source link

Per an official post, crypto exchange Binance will take extra precautions during Ethereum’s “Merge”. The platform announced a halt in ETH deposits and withdrawals across multiple networks starting tomorrow September 6th, 2022, at 2:00 UTC. Users will be unable to deposit or take out their Ethereum (ETH) from the exchange, as mentioned, and they will lose any funds from incoming transactions. The limitation will extend from tomorrow until the mainnet… Source link