Recently, the price of cryptocurrencies has dropped massively. Bitcoin recently dropped below $30,000. Ethereum’s price crashed below $2,000. Almost all the altcoins displayed poor performance. What could the future of cryptos look like? In this article, we discuss the future of one altcoin called Litecoin. This post is all about LTC price analysis and can Litecoin reach the 500$ mark? Let’s take a look. What is Litecoin (LTC)? Litecoin is one of the oldest altcoins… Source link

Monero (XMR) turned out to be one of the best cryptocurrencies for those looking to ride the recovery wave after the May crypto crash. The cryptocurrency jumped onto a healthy bullish trend while the rest of the market struggled to bounce back. However, the cryptocurrency is off to a good start this week, with some upside allowing it to hold on to recent gains. XMR rallied by rally 75% from its latest local low on 12 May. The impressive bullish performance appears to have experienced… Source link

Razi Khan A Master’s graduate in Renewable Energy Systems from England, UK, Razi is a tech-enthusiast. He’s served as a content specialist for BlockPublisher in the US and has been an avid member of the crypto space as a journalist, trader, investor and analyst since 2018. Source link

Litecoin [LTC] bears doubled down on their consistent efforts to close below the $98-mark for nearly 17 months. After the market-wide liquidations, the close below this mark pulled LTC into a relatively low liquidity zone. Thus, it took a swift plunge below some crucial price points while chalking out a bearish pennant on the daily chart. A potential close above the basis line (green) of Bollinger Bands (BB) could affirm the chances of a 38.2% retest in the coming times. At press time, LTC… Source link

Although crypto space as a whole is not in a healthy state right now, Ethereum, along with other altcoins are constantly seeing a value slump.  Ethereum’s Beacon Chain Reorg issue can also be counted as a reason for its fall.  At the time of writing, Ethereum is trading at a value of $1,903 and is up by around 7% in the last twenty-four hours.  Crypto’s Ship Struggling To Stay On Surface  The overall crypto market has been witnessing bearish trends lately, including the leading… Source link

Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins.  According to a recent report from Glassnode, Bitcoin hodlers are now “the only ones left” and they appear to be “doubling down as prices correct below $30K.” Evidence of the lack of new buyers can be found looking at the number of wallets with non-zero balances, which… Source link

A leading blockchain analytics firm says the largest Ethereum whales on record are currently showing very little interest in accumulating ETH at current prices. In a new video, Santiment says it’s keeping an eye on addresses holding 10,000 to one million ETH and notes that the investor cohort largely remains on the sidelines, even though the price of ETH has dropped to its lowest level in nearly 12 months. “Whales, we can take a look at the 10,000 to one million Ethereum coin… Source link

On May 30, the cryptocurrency market experienced a much-needed bounce that saw Bitcoin (BTC) climb above $30,900 and Ether (ETH) rally 5.84% to $1,930, but analysts warn that it could be too early to expect a reversal. ETH/USDT 1-day chart. Source: TradingView Here’s a look at what several analysts are saying about the outlook for Ether moving forward and the major support and resistance levels to keep an eye on. A bounce off of major support The May 30 bounce in Ether came as “no… Source link

Ethereum’s native token Ether (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD pair risks facing another sell-off round due to concerns about a massive ETH inflow into an exchange. 58.7K Ether transferred to FTX in May On May 30, the Ether address allegedly associated with Three Arrow Capital — a Singapore-based crypto hedge fund, sent 32,000 ETH worth $60 million to the FTX crypto exchange within a span of an hour, on-chain data shows…. Source link

On May 30, the total crypto market capitalization gained 4% and currently is within reach of a $1.3 trillion market capitalization. The move was enough to erase the losses from the previous seven days and was driven mainly by Bitcoin’s (BTC) 4.9% gain during that time frame. Total crypto market cap, USD billion. Source: TradingView Apart from Bitcoin, Cardano (ADA) was the only large-cap cryptocurrency that managed to close the week with a positive 4.5% performance. Meanwhile, Ether (ETH), Source link