Bitcoin continues to trade in a tight range of $18,000 to $25,000 mark, keeping investors on edge about where the price is going next. The crytpo market has been plagued with a number of issues from collapsed projects to bankruptcies. Nurphoto | Getty Images Bitcoin topped $20,000 on Tuesday, hitting its highest level in the more than a week, but is still struggling to break out of its tight trading range. The world’s largest cryptocurrency was more than 7% higher at $20,265.95 at around 3:30… Source link

The current Litecoin price analysis is showing a relatively greater level of bullish momentum as the LTC/USD pair has surged to break above the $54.80 level. The price is now trading very close to the $55.26 resistance area, which is likely to provide some significant selling pressure in the near term. The support for the crypto pair has been raised to the $52.22 level. The LTC/USD pair is currently trading in a strong uptrend as the coin has increased by over 3.89% in the past 24 hours…. Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Monday. The crypto is up 1.13% to $53.45 while the broader crypto market is up 1.32%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Ether (ETH) rose 2.6% and is maintaining a strong 30-day correlation coefficient (0.78) to BTC’s price. Correlations range between 1.0 and -1.0, with the former implying a direct relationship, and the latter implying a completely inverse relationship. Given their strong relationship, it’s unsurprising that ETH moved in tandem with BTC both in direction and in volume over the weekend. ETH reclaimed the psychologically important $1,300 mark. The supply for the second-largest cryptocurrency… Source link

A widely followed crypto analyst is predicting an abrupt rally for a trio of digital assets fueled by short sellers. Crypto strategist Michaël van de Poppe shares to his 628,000 Twitter followers a tweet by financial researcher Jason Goepfert. According to Goepfert, retail traders have spent $18 billion on put options and accumulated $46 billion worth of short positions on index futures – both record setting. Source: Jason Goepfert/Twitter Van de Poppe says that the… Source link

Since the founding of Ethereum in 2015, an animating question that plagued the community was answered at exactly 06:42:59 UTC on Thursday, Sept. 15, 2022. Ethereum, the technological layer where a new class of applications and self-organizing organizations are being built, eliminated its reliance on an energy-intensive consensus mechanism called proof-of-work (PoW) to a more sustainable and secure consensus mechanism called proof-of-stake (PoS). In what has been described as one of the most… Source link

Michael J. Burry, the financial wizard who was portrayed in the movie “The Big Short”, is known for predicting crises. For instance, his investment fund made billions from the 2008 housing crash, and Burry liquidated almost all his entire portfolio during the 2Q of 2022. Given that no one seems to know whether traditional markets will bounce before entering a further recessive environment, it might be a good time to consider investing in cryptocurrencies. Below are some examples on how… Source link

Monero receives an average long-term technical score of 63 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, XMR holds a superior long-term technical analysis score than 63% of… Source link

Flagship digital asset Bitcoin (BTC) has had a rough year, falling 72% from its all-time high and losing more than 50% of its value this year alone. On several occasions, the asset has seen its value plunge below the $20,000 mark. During the thick of the bear run, BTC fell below a previous cycle’s all-time-high price — $19,750 — for the first time in its history. These scenarios have led to the rise of one of the most prevalent questions in the market “how low can BTC go?” For… Source link

Bitcoin was launched in 2009, but a person or group of individuals named Satoshi Nakamoto. This was the time after the global economic meltdown of 2008, and many people felt the need for a financial system that did not depend on Big Banks. Bitcoin was launched with the promise that it would topple the currently prevalent, centralized global financial system in time. However, since it has a limited supply of coins and the source code can’t be changed, it’s also considered a hedge… Source link