Yearly Archives: 2022

Litecoin traders going short must consider LTC’s inability to break past this level

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Litecoin [LTC] has not seen a large amount of volatility in recent weeks, relative to the rest of the altcoin market. The past month saw LTC range between $52 and $64, a modest 22% price difference measured from the bottom. In the meantime, Bitcoin [BTC] slipped below the $20.8k support after a firm rejection at $24k in mid-August. The USDT… Source link

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Surge or purge? Why the Merge may not save Ethereum price from ‘Septembear’

Ethereum’s native token, Ether (ETH), is not immune to downside risk in September after rallying approximately 90% from its bottom of around $880 in June. Much of the token’s upside move is attributed to the Merge, a technical upgrade that would make Ethereum a proof-of-stake (PoS) protocol, slated for Sep. 15. But despite logging impressive gains between June and September, Ether still trades almost 70% below its record high of around $4,950 from November 2021. Therefore, its possibility… Source link

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This Week in Coins: Bitcoin Still Stuck in Rut, Polygon and Litecoin Surge

This week in coins. Illustration by Mitchell Preffer for Decrypt. The prices of crypto market leaders Bitcoin and Ethereum typically move together. But some weeks form an exception, and this was just such a week.  Bitcoin, the No. 1 cryptocurrency in the world with a $380 billion market cap, fell another 2% over the past week and trades for around $19,860 on CoinMarketCap at the time of writing on Saturday morning. Ethereum, the No. 2 crypto asset with a market cap of $190 billion, rose a… Source link

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There’s a New Platform for Bitcoin-Backed Borrowing and It’s Courting Banks to Lend – CoinDesk

There’s a New Platform for Bitcoin-Backed Borrowing and It’s Courting Banks to Lend – CoinDesk

As Keidun explains, one additional key will belong to a fourth holder, which, together with Hodl Hodl, will ensure security of the funds. These fourth key holders, as Keidun calls them, will be one of the small pool of reputable bitcoin companies, including Casa Hodl, Blockstream and Jan3, a startup by Blockstream’s former chief strategy officer, Samson Mow. All three companies confirmed their involvement. Source link

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Is Monero (XMR) a Bad Investment Saturday?

Is Monero (XMR) a Bad Investment Saturday?

Monero achieves an average 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… Source link

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BTC, ETH Below $20,000 and $1,600 Respectively, on Saturday – Market Updates Bitcoin News

BTC, ETH Below $20,000 and $1,600 Respectively, on Saturday – Market Updates Bitcoin News

Following a brief rally above $20,000 and $1,600 respectively, bitcoin and ethereum fell below these levels to start the weekend. The decline comes as momentum surrounding yesterday’s nonfarm payrolls report faded. Bitcoin moved closer to its support point of $20,500, while ethereum was trading close to its floor of $1,550. Bitcoin Bitcoin (BTC) was back below $20,000 to start the weekend, as prices of the token moved closer to a key support point. Initial bullish momentum following… Source link

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Bitcoin market dominance plumbs 4-year lows as BTC price ditches $20K

Bitcoin market dominance plumbs 4-year lows as BTC price ditches $20K

Bitcoin (BTC) traded below $20,000 on Sep. 3 as commodities declined on news of a G7 Russian energy ban. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All down after gloomy macro week Data from Cointelegraph Markets Pro and TradingView showed ongoing lackluster performance on BTC/USD, which traded around $19,800. The largest cryptocurrency looked increasingly unable to flip $20,000 to firm support as the weekend began, and the mood among market participants was jaded. Eyeing the… Source link

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Litecoin goes against the current and is in a bullish triangle play

Litecoin price holds it firmly together for the first week of September and is set to print a good week. LTC price opening next week will be key whether it is above the technical hurdle.  Once the bulls play this setup right, a bullish breakout could be granted. Litecoin (LTC) price could be set up for a very bullish ride, while most cryptocurrencies are under the scrutiny of the stronger dollar and the dire economic environment. From a purely technical point of… Source link

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