Ethereum has witnessed a substantial drop in its daily active address (DAA) count over the last four months, raising fears about more downside for ETH (ETH) price in the coming weeks. Stagnant Ethereum price spooks investors The number of Ether DAA dropped to 152,000 on Oct. 21, its lowest level since June, according to data provided by Santiment. In other words, the plunge showed fewer unique Ethereum addresses interacting with the network. Ethereum daily active address count on a daily… Source link

Whale interest in Litecoin (LTC) seems to have rejuvenated. According to analysis firm Santiment, LTC’s wallet activity and whale transactions have exploded this week. The firm took note that over $1 million worth of transactions took place on the network. Furthermore, the firm highlighted that the wallet activity and whale transaction spike took place when LTC began rising against Bitcoin (BTC). On the other hand, Litecoin’s volatility is the lowest it has been in two years, as per… Source link

LTCUSD is turning sharply down from the highs in the 4-hour chart after a complex W-X-Y corrective rally. It’s now alos breaking the channel support line which indicates for more weakness towards June lows while the price is below 67.57 invalidation level, just be aware of short-term pullbacks which is now underway. Nice resistance is near 55-58. Big picture The market is bearish for the last few months but approaching potential support with the price moving back to… Source link

Ethereum price seems to have held the selling pressure as it attempts to bounce off $1,280. If the ongoing bullish momentum holds, ETH might sweep the equal highs at $1,343 before retracing to the $1,270 level. A daily candlestick close below $1,220 will invalidate the bullish theiss for ETH. Ethereum price is bouncing off the immediate support level and shows signs of a quick rally. This outlook is a little risky for traders since a failure to maintain this Source link

Monero (XMR) gets a bearish rating from InvestorsObserver Thursday. The Digital Money asset is down 3.78% to $140.37 while the broader crypto market is down 0.64%. Monero has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bearish Over the last five days, Monero has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the… Source link

“The bottom line here is that markets still do not have a solid handle on when the current rate cycle will end,” Nicholas Colas, co-founder of DataTrek Research, wrote in a Thursday note. “As long as that is the case, it is hard to see U.S./global equities staging a convincing rally.” Source link

Seasoned trader and creator of the Bollinger Bands technical indicator, John Bollinger, believes that a once-promising trade setup on Litecoin (LTC) is on the verge of fizzling out without a payoff. The trader tells his 226,300 Twitter followers that after Litecoin’s “prolonged squeeze” as depicted on the Bollinger Bands indicator, the 22nd-largest crypto asset by market cap risks fizzling out. “This is why I don’t love prolonged squeezes, nice setups often just fizzle… Source link

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Bitcoin (BTC) showed no signs of a breakout on Oct. 20 as tantalizing sideways action dragged on. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Bitcoin range “congested and critical” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD firmly rangebound at around $19,000 overnight, moving only around $400 up or down. United States equities opened with no significant volatility, this focused more on the United Kingdom, where the pound reacted to news that Liz… Source link

Bitcoin is the world’s first peer-to-peer (P2P) digital payment network, producing a restricted supply of BTC cryptocurrency. Its greatest innovation is the ability to transfer assets — digital tokens — from one party to another without the need of intermediaries such as banks or payment services.   Cornerstone As a result, Bitcoin has changed the understanding of money. Ever since Bitcoin was released in 2009, more than  10,000 cryptocurrencies have hit the market, including… Source link