Larina Marina/iStock Editorial via Getty Images Thesis Litecoin (LTC-USD) is unlikely to outperform Bitcoin (BTC-USD) in the long term despite arguably being the better cryptocurrency for payments and transactions. This is because it lags Bitcoin in terms of security and developer interest, among other issues. What Is Litecoin? Litecoin was created as a fork of Bitcoin in 2011 with the goal of making a cryptocurrency more suited for payments and transactions. It uses proof of work like… Source link

Ranked as the #20 cryptocurrency asset with the largest market capitalization, the past few months have been marked by a rally in the price of Litecoin [LTC], data from Santiment revealed. According to the on-chain analytics platform, the LTC/BTC trading pair has seen a surge in its price in the past few months. Since bottoming on 12 June, its price has increased by over 51%.  In addition, there has been a surge in whale activity on the network since mid-June, data from… Source link

Ethereum is on an obvious bull path given its performance in the last couple of weeks. The digital asset took a turn for the better more than a month after the Merge was completed and accumulation among investors was already in full swing. ETH’s price eventually surpassed $1,600 before encountering rejection and dropping down below.  Ethereum Needs To Hold $1,500 Now that the digital asset has been beaten down back below $1,600, support has moved lower. $1,500… Source link

Ethereum is on an obvious bull path given its performance in the last couple of weeks. The digital asset took a turn for the better more than a month after the Merge was completed and accumulation among investors was already in full swing. ETH’s price eventually surpassed $1,600 before encountering rejection and dropping down below.  Ethereum Needs To Hold $1,500 Now that the digital asset has been beaten down back below $1,600, support has moved lower. $1,500… Source link

Data shows a Litecoin whale has withdrawn almost $14 million in LTC from the crypto exchange Binance, a sign that may be bullish for the crypto’s price. $13.8 Million In Litecoin Exits Wallet On Crypto Exchange Binance As per an alert from the crypto transaction tracker service WhaleAlert, a transfer of 230,373 LTC has been observed on the chain during the past day. At the time the transfer took place, this amount was worth around $13.8 million. Since then,… Source link

Alex Dovbnya Tens of millions of Fidelity’s retail clients will soon be able to start trading Bitcoin and Ethereum Contents “The most bullish thing” Institutional interest remains strong Boston-based financial services behemoth Fidelity Investments has opened up a waitlist for those who want to try out its new commission-free cryptocurrency trading service called Fidelity Crypto. The firm’s clients will be able to buy and sell Bitcoin (BTC) and Ethereum (ETH). In its statement, Fidelity… Source link

ETH’s price slowed down after showing so much strength as it rallied to a high of $1,600 but got rejected as the price maintained downward.   ETH could suffer retracement as the price holds above the key support area, holding the price off from sellers with hopes of a rebound.  ETH’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). Ethereum (ETH) showed some incredible price action as the… Source link

Litecoin’s momentum indicators suggest it is an extremely oversold region, indicating that a market bottom is near. If LTC bottomed out close to $40 four months ago, it might hit a new local top. Litecoin’s price could rise by up to 200 percent by the middle of next year. The good news is that period would coincide with its third halving event, which would lower block rewards by 50 percent. Since launching in October 2011, Litecoin has undertaken two halvings. The first was seven years ago… Source link

Monero (XMR), an open-source, privacy-oriented cryptocurrency launched in 2014, managed to reach the $151 marker on November 2 as it briefly rallied before it experienced slight price correction. Here’s a quick glance at XMR trajectory: Over the last two months, Monero traded at a narrow range that peaked at $152 Surpassing the crucial $156 marker will enable XMR to climb all the way to $172 Failure in increasing trading volume will most likely pull the crypto… Source link

Monero achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Monero a low… Source link