Yearly Archives: 2022

Ethereum Needs To Break Above $2,650, But Why Won’t It Budge?

Ethereum continues to struggle after falling below $3,000. This price point was critical for bulls to hold and ever since bears dragged the price below it, it has been a continuous display of dips and crashes. For a cryptocurrency like Ethereum, there are resistance and support levels that are very important for the digital asset. One of those support levels sits just above $2,500. So far, the digital asset has managed to maintain above this point. This shows that bulls are mounting… Source link

Read More »

Should You Sell Litecoin (LTC) Monday?

Litecoin receives an average long-term technical score of 35 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 35% of… Source link

Read More »

Bitcoin Evangelist Saylor Tells Economists Why They're Wrong – Bloomberg

Bitcoin Evangelist Saylor Tells Economists Why They're Wrong – Bloomberg

Michael Saylor, chief executive of enterprise software maker MicroStrategy Inc. and noted Bitcoin proselytizer, spoke to dozens of members of the Economic Club of New York on Monday about the merits of the world’s largest digital asset, especially in the face of sharply rising inflation. Most mainstream economists have been slow to embrace Bitcoin, questioning the claims of advocates that the cryptocurrency serves as a store of value as well as an inflation hedge.  Source link

Read More »

Bitcoin Below $39K After EU Vote on Crypto Regulation – CoinDesk

Bitcoin Below K After EU Vote on Crypto Regulation – CoinDesk

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

Read More »

What is Arbitrum? Speeding Up Ethereum Using Optimistic Rollups

The Ethereum network has a lot going for it—it’s decentralized, reliable, supports smart contracts written in a programming language familiar to many crypto developers, and is home to a thriving decentralized finance (DeFi) industry. However, Ethereum is also slow and expensive to use, and will remain so unless users opt to move to another blockchain (like Solana, Fantom or Avalanche), or until planned Ethereum upgrades speed things up within the next couple of years. While the world… Source link

Read More »

Rallies Could Pose New Sell Trap

In February, China came up with yet another crypto prohibition that soured Litecoin price predictions. Back then, the Chinese Supreme Court prohibited all forms of crypto fundraising and went a step further to criminalize the activity. Offenders now risk being sent to prison for ten years if they raise up to $8m under the new order. Lesser amounts raised may carry lesser sentencing, which could include fines. This latest prohibition heaped additional pressure on Litecoin and other… Source link

Read More »

Range Trading Continues in the Absence of Price Triggers

The Litecoin price prediction has not changed much from the last update. The price activity remains range-bound, primarily due to the same situation playing out on Bitcoin and in several other BTC-correlated assets. The initial bearish reaction to the Russian invasion of Ukraine has died out, and the markets continue to wait for the next big news that could propel some recovery on the LTC/USDT pair. Litecoin is coming off the MWEB upgrade, said to be the largest it has ever undertaken…. Source link

Read More »

Why the “Russian Ethereum” Is Trouncing Shiba Inu Right Now

You know how important Ethereum ( ETH 0.86% ) is when some refer to other cryptocurrencies as the “[fill in the blank] Ethereum.” That’s exactly what is happening with Waves ( WAVES -4.18% ). Some cryptocurrency enthusiasts have dubbed it the “Russian Ethereum.” Whatever nickname you want to give to Waves, there’s no question that it’s sizzling hot. Last year’s big winner, Shiba Inu ( SHIB 0.19% ), has fallen close to 30% over the past month. But Waves has soared more… Source link

Read More »

5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week struggling to preserve support as key macro changes appear on the horizon. In what could turn out to be a crucial week for Bitcoin and altcoins’ relationship with traditional assets, the United States Federal Reserve is set to be the main talking point for hodlers. Amid an atmosphere of still rampant inflation, quantitative easing still ongoing and geopolitical turmoil focused on Europe, there is plenty of uncertainty in the air, no matter what the trade. Add… Source link

Read More »