The recent market growth rekindled the hopes of Litecoin [LTC] buyers over the last month. But the $62-$64 range has been shunning the bullish efforts while preventing a swift buying rally. As a result, the altcoin quickly dropped below the EMA ribbons to project strong selling momentum. Furthermore, the recent bearish engulfing candlestick reflected a solid uptick in selling pressure. Sustained rejection of higher prices near the 20 EMA could inflict a near-term pullback… Source link

Easy To Use Swapping Protocols See An Uptick In Demand In a world where DEXs and hot wallets are the most common way to trade DeFi for new investors, this can be quite daunting. The complexity of many of these exchanges and protocols makes it difficult to discern how to trade, what’s being traded, and even how to import the tokens that you are trying to purchase. As such, certain layer-3 and other swapping mechanisms are gaining traction in the ecosystem today… Source link

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Text size Bitcoin prices tumbled last Friday and remained weak over the weekend. Ozan Kose/AFP via Getty Images … Source link

Editah Patrick Editah is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates her, she finds the intersection of both technology and finance mind-blowing. Her particular interest in digital wallets and blockchain aids her audience. Source link

Ethereum has been leading the charge on the rebound of crypto after a monstrous crash in the markets. Ethereum outperformed many different cryptocurrencies, including the first ever cryptocurrency – Bitcoin. This has been driven by the long-awaited “merge” which has been proposed by the lead developers of the Ethereum blockchain for years. But what is “the merge”? It is essentially a software update to the protocols on which the  Ethereum blockchain runs. The current system runs… Source link

After being in a consistent uptrend, Ethereum recently registered a downtrend along with several other cryptocurrencies. After hitting the lowest mark of $911 in mid-June, ETH gained strong upward momentum and even crossed $2,000. This gave hope to investors of brighter days ahead.  Source: CoinMarketCap However, things took a U-turn on 14 August as a trend reversal kicked in. With a negative 19% 7-day growth, the king of altcoins traded at $16,180 with a market… Source link

If you bought Monero [XMR] at its August top so far, you would be down by roughly 11.5% at its $153.55 press time price. And, if you purchased it at its bottom in June, you would still be up by roughly 58%. These outcomes depict Monero as a healthy option for riding the bullish recovery wave after the May and June crash. But is it still a good option for the next outcome? A look at Monero’s past performance may help formulate a decent conclusion. A comparison might also be… Source link

Bitcoin price is in a potential recovery rally that could push it up to $22,600. Ethereum price recovery could only push it up by $1,650 due to multiple hurdles in the way. Ripple price is slowly in terms of recovery as it grapples with the $0.340 support floor. Bitcoin price saw a massive sell-off over the last four days and has been trying to consolidate and recover since then. Some altcoins have been much better at recovery than Ethereum and Ripple. Regardless,… Source link

Bitcoin (BTC) starts a new week fresh from a new multi-week low amid a return of highly nervous sentiment. After dipping below $21,000 over the weekend, the largest cryptocurrency is consolidating around 10% lower than a week ago, and the fear across crypto markets is clearly visible. As some call for new lows and others warns of a difficult few months ahead, there is plenty for bulls to contend with on both long and short timeframes The United States Federal Reserve annual Jackson Hole… Source link