Litecoin price remained well bid above the $60 support zone against the US Dollar. LTC is rising and might attempt a fresh rally above the $70 level. Litecoin started a fresh decline below $80 support against the US Dollar. The price is now trading below $70 and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $70.50 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price could start a decent increase if there is a… Source link

The Bitcoin network hashrate has dropped by more than 38.8% from its peak on Wednesday, as many U.S.-based miners have been forced to switch down their facilities due to deadly blizzards. See related article: British Columbia suspends new electricity connections for crypto miners Fast facts Bitcoin hashrate, the level of computing power used for mining and processing transactions, came in at 155.28 exahashes per second on Saturday, down from 253.88 exahashes on Wednesday, according to data from… Source link

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, says bitcoin is a good investment. The billionaire wants the price of the cryptocurrency to fall further so he can buy some more. Meanwhile, he insulted gold investors, calling them “dumb as f***.” Mark Cuban Prefers Bitcoin Over Gold Shark Tank star and the billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, shared his thoughts about bitcoin and gold in an episode of the “Club Random”… Source link

CNBC host Jim Cramer is warning people to stay away from cryptocurrencies, especially Solana (SOL) and Litecoin (LTC). In a new CNBC interview, Cramer says that he has sold all his digital asset investments and would not enter the space again, in the aftermath of the FTX collapse. “I would not touch crypto in a million years. Because I wouldn’t trust the deposit bank. They fought regulation. They didn’t want regulation, and you don’t have regulation. So if you have your… Source link

Rocketize (JATO) is a new cryptocurrency advancing the use cases of meme tokens in the cryptocurrency market by introducing next-generation decentralised consumer products. Crypto market participants usually reward revolutionary crypto projects with massive investments. Hence, top crypto analysts have pegged Rocketize (JATO) as a token with the potential to be the next cryptocurrency to explode. Read on to discover how Rocketize (JATO) seeks to displace the current crypto market leaders and… Source link

The Litecoin price has continued to face rejection after it failed to topple over the $80 price level. In the last 24 hours, it barely registered any price movement. It just depreciated by 0.8%. It was an indication of sideways trading for the altcoin. The past week for LTC has been choppy owing to constant volatility amongst major market movers. Bitcoin has dropped in price over the last 48 hours, dragging most altcoins down with it. The technical outlook of the Litecoin price showed signs… Source link

2021 and 2022 tested the faith of investors in their crypto investments. High volatility in the crypto market pushed crypto investors to take a hard look at their portfolios. They had to drop cryptos like Apecoin (APE) and Monero (XMR) that bled out their profits. At the same time, they have started buying promising new cryptos like Snowfall Protocol (SNW), which are already helping them grow their portfolio. Here’s why cryptocurrencies like Apecoin (APE) and Monero (XMR) are losing… Source link

A top executive of peer-to-peer crypto exchange platform Paxful says that three popular crypto assets will not be added to its marketplace. Paxful co-founder Ray Youssef says that he will not list smart contract platform Cardano (ADA), privacy-focused crypto asset Monero (XMR), and Bitcoin (BTC) alternative Litecoin (LTC). According to Youssef, it would be “uncivilized” to add these digital assets alongside Bitcoin and stablecoins, which Paxful already supports. “I am not… Source link

Bitcoin’s hash rate plummeted roughly 38% in the run-up to the holiday weekend as U.S.-based miners shut down operations during a bout of extreme weather. What meteorologists are calling a “bomb cyclone,” which has stirred up blizzard-like conditions in some places, has left many in Maine and New York without power, according to data from PowerOutage.us. As of Friday, December 23, there were more than one million businesses and homes without power. This has also taken a deep toll on various… Source link

It’s been a brutal year for the cryptocurrency market. In the latest blow to the crypto space, Core Scientific, one of the largest publicly traded crypto mining companies in the U.S, which primarily mints bitcoin, filed for bankruptcy on Dec. 21, citing falling crypto prices and rising energy costs. And the implosion of FTX, a now-bankrupt crypto trading platform that was once valued at $32 billion, has shattered investors’ confidence as the ripple effects of the company’s collapse continue… Source link