Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Upper range support levels crumble for BTC Data from Cointelegraph Markets Pro and TradingView painted a lackluster picture for BTC/USD Saturday, the pair lingering near $39,000 after seeing lows of $38,600. Traders had hoped that various price points above $40,000 would be sufficient to steady the market after its… Source link

The price of any asset is always impacted by a combination of factors. Unlike traditional financial assets, bitcoin has historically had its own set of factors affecting its price. Do things look any different now? Let’s find out. Basic Factors: Supply And Demand Bitcoin’s price is heavily dependent on supply and demand fluctuations, just like other assets. However, contrary to measures of fiat money, bitcoin’s supply is always known and its hard cap is set at 21 million coins. The demand… Source link

Although bitcoin mining doesn’t involve hard hats, soot or nonmetaphorical canaries, the noise inside the retrofitted shipping container Edward Weniger owns in Omaha, Nebraska, does kind of sound like heavy machinery boring through the center of the earth. That noise is partly coming from the dozens of “rigs” — hot-rodded computers, basically — mining bitcoin inside. The highest decibels… Source link

Litecoin price action is forming one of the most sought-after bearish chart patterns in technical analysis. Lower lows continue to be the norm for LTC. One final support zone for Litecoin price is present at $103, but participation and buying are weak. Litecoin price has some of the most persistent and bearish activity out of all the major cryptocurrencies. From the all-time high of $414 on May 10, 2021, to the current major swing low of $92 found on February 24,… Source link

Litecoin receives a strong long-term technical score of 83 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. LTC currently holds a superior long-term technical analysis… Source link

What happened The two largest cryptocurrencies by market capitalization, Bitcoin ( BTC -8.13% ) and Ethereum ( ETH -7.55% ), have seen some significant selling pressure today. These two tokens are trading slightly above their daily lows but are down 3.8% and 4.6%, respectively, over the past 24 hours at 12:40 p.m. ET.  Bitcoin’s downside move appears to be related to higher trading volumes, as the active supply of Bitcoin surged to around 565,000 tokens. This increase… Source link

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Litecoin’s (CRYPTO: LTC) price has decreased 4.6% over the past 24 hours to $104.79, continuing its downward trend over the past week of -1.0%, moving from $105.82 to its current price. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Litecoin has had a similar number of active users each day over the past three months. And, this number has stayed in the 300k to 400k area. Transaction volume on a daily basis has also varied from $1 to $7 billion over the past three months. While these facts show that the network remains relatively robust and popularly used, this was simply not reflected… Source link

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not… Source link