“The market is still dealing with the crypto-specific fallout from the implosion of the Terra ecosystem,” they wrote. “Strong tailwinds such as new fund raises, progress on the Ethereum Merge, deeper institutional acceptance and continued application growth could shift sentiment in the other direction, highlighting crypto’s relative youth, growth potential and technology angle.” Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The recent market-wide drawdowns helped Litecoin [LTC] sellers to pull the alt toward its 19-month support in the $61-zone. Thus, it quickly plunged below its trendline resistance while witnessing a bearish pennant breakdown on the daily chart. A potential close below the immediate support could heighten the chances of a $57-$59 range retest…. Source link

On June 8 the Ethereum network successfully underwent the merge to become proof-of-stake on its Ropsten testnet, but the news had little impact on ETH price.  With the Ropsten upgrade now looking more like a buy the rumor, sell the news type of event, most analysts have kept a short-term bearish outlook for Ether price. Let’s take a look. ETH/USDT 1-day chart. Source: TradingView Can Ether escape the head and shoulders pattern? Twitter analyst, “Cactus”pointed out a bearish head and… Source link

Litecoin will be delisted on Bithumb and Upbit, two South Korean Crypto exchanges, over modifications made to the coin that enable greater privacy when conducting transactions. In their notices regarding Litecoin, Bithumb and Upbit stated they were shutting down market support for the 20th-largest cryptocurrency by market capitalization because its newly activated Mimblewimble Extension Blocks (MWEB) network upgrade conflicts with South Korean anti-money laundering (AML) regulation. Upbit… Source link

Since May 10, the Bitcoin (BTC) chart shows a relatively tight range of price movement and the cryptocurrency has failed to break the $32,000 resistance on multiple occasions. BTC-USD 12-hour price at Coinbase. Source: TradingView The choppy trading partially reflects the uncertainty of the stock market as the S&P 500 Index ranged from 3,900 to 4,180 in the same period. On one side, there has been economic growth in the Eurozone where the gross domestic product grew 5.1% year over year. On the… Source link

The discontinuation of Upbit’s support for Litecoin (LTC), brought about mixed reactions for the Twitter space earlier today. The South Korean cryptocurrency exchange platform published their delisting of LTC earlier on their website.  Upbit claim action is for investor’s protection In the report on twitter, by crypto journalist; Colin Wu, the reason for the decision by the exchange platform was because the MWEB (MimbleWimble Extension Blocks) upgrade of Litecoin added an… Source link

Send and receive select cryptocurrencies using PayPal. Source: PayPal PayPal announced Tuesday that users can now transfer, send and receive Bitcoin, Ethereum, Bitcoin Cash, and Litecoin on its platform. Users can transfer their digital assets between PayPal users, external wallets, and exchanges. According to the press release, only select U.S. PayPal users can take advantage of the new feature for now, but the company said it will be available globally in the coming… Source link

The European Central Bank (ECB), led by President Christine Lagarde, is scheduled to meet Thursday and is expected to convey its own plans for tightening monetary policy. Money markets are pricing in 1.25 percentage points of ECB interest-rate increases over the rest of 2022, according to the German lender Deutsche Bank. Source link

Ethereum’s native token, Ether (ETH), looks poised to undergo a sharp upside retracement in the coming weeks after painting a so-called “double Doji” pattern, accompanied by a few bullish technical indicators. Ether strong support confluence meets Dojis To recap, a Doji is a candlestick that forms when a financial instrument opens and closes around the same level on a specified timeframe, be it hourly, daily or weekly. From a technical perspective, a Doji represents indecision in the market,… Source link

Cryptocurrencies prices heatmap, source: Coin360 Litecoin price analysis indicates a bullish market trend whereby bulls have been trying to push the prices past the $62 level over the last 24 hours. However, the number of buyers seems to have reduced as the prices are trading below $65.33.The LTC market trend is bullish as the prices are testing the ascending channel’s upper limit. The bulls seem to be in control of the market as the prices are testing the $65.33 resistance level. Source link