Analysts remain confident of the near-term prospects. “We are at the upper band of resistance currently as BTC approached 2022 highs. With the spot flow we have been seeing, we are cautiously optimistic that there will be a continuation of the medium-term uptrend and a run to $50,000,” Matthew Dibb, COO and co-founder of Stack Funds, said. Source link

Litecoin is currently trading at a six-week high of $125 after succesfully breaking above the $119 level of resistance. The 20th largest cryptocurrency by market cap, which is available to purchase on the Coin Rivet broker, now needs to avoid a dreaded lower high below $149. A lower high below that point would confirm the macro downtrend while extending downside targets down to as low as $91 and $70. However, if Bitcoin can break the $45,000 level of resistance on convincing… Source link

Once we break out of this area, we will see a bigger move. Monero has had a bullish session on Thursday to break above the $200 level. Furthermore, it looks as if it is reaching towards the 200 Day EMA, an indicator that of course is rather crucial. The downslope of the 200 Day EMA continues to be a deterrent for buyers, but we are getting rather close to this area and if we were to break above it, then things would change rather rapidly. Advertisement Monero of course will be following some of… Source link

Litecoin’s (LTC) previous rally saw notable gains that halted near the 61.8% Fibonacci resistance. Since then, LTC has witnessed a strong reversal for over four months now. From here on, If the current candlestick closes below or near to the previous green candlestick, it would confirm an evening star pattern (bearish). Thus, a close below the current zone could propel a test of the $106-floor before a possible revival. At press time, LTC traded at $121.425. LTC Daily Chart Source:… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Morale across the cryptocurrency ecosystem is rising on March 24 as several days of positive moves have helped lift Bitcoin (BTC) back above $44,000 and Ether bulls took control at $3,100.  The climbing price of BTC comes amid a backdrop of surging inflation and rising interest rates, which could see up to seven hikes over the course of 2022, according to Minneapolis Federal Reserve President Neel Kashkari. BTC/USDT 1-day chart. Source: TradingView Data from Cointelegraph Markets Pro and Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Text size Bitcoin and other cryptos were rallying along with stocks on Thursday. Dreamstime … Source link

As excitement builds around the future of cryptocurrency, the metaverse and innovations like NFTs, investors can’t get enough of a technology behind much of the changes: Ethereum. Ethereum’s popularity in the cryptocurrency space has exploded since its inception in 2015, and it’s now just second to bitcoin in terms of market value as enthusiasts tout how it could change everything from banking to mortgages. Ether, the native… Source link