What happened  After a rough weekend, the trading week didn’t start off well, with most cryptocurrencies dropping early in trading on Tuesday. Macro tensions with Russia continue to be a hot topic, as are the freezing of financial accounts in Canada.  Solana ( SOL 5.30% ) fell as much as 6.6% in the past 24 hours, Ethereum ( ETH 2.14% ) dropped up to 4.9%, and Chainlink ( LINK 2.44% ) was down as much as 7.2%. Values hit their lows around midnight overnight and have been… Source link

As the broader market witnessed a 24-hour plunge, Litecoin lost the $105-level and depicted oversold readings on its 4-hour RSI. Furthermore, SAND’s decline found a floor at the $2.8-mark before showing some recovery signals. Also, Tron saw a bullish divergence with its RSI while the 38.2% Fibonacci resistance stood sturdy. Litecoin (LTC) Source: TradingView, LTC/USDT LTC’s previous 47.9% rally from its 13-month low halted near the 23.6% Fibonacci resistance. As a result, it reversed… Source link

The ongoing tensions between Russia and Ukraine continue to be the dominant news story on Feb. 22 as Bitcoin (BTC) and the wider global financial tremble under the pressure as the world awaits some form of resolution to the matter.  Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC has traded in a range between $36,360 and $38,330 on Feb. 22 as a swirl of positive and negative developments sent mixed signals to traders who base their trading activity on news… Source link

Litecoin receives an average long-term technical score of 60 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 60% of… Source link

da-kuk/iStock via Getty Images In an article back in October, I warned that Bitcoin (BTC-USD) may have topped. The price proceeded to fall 50% and has struggled to regain its previous bull market. Last week we have seen actions by the Canadian government to block Bitcoin payments to the Freedom Convoy. I will describe why Trudeau has just shut down the argument for Bitcoin. Court order moves to freeze crypto assets The Canadian truckers’ Freedom Convoy, which has been protesting COVID… Source link

Disclaimer: The findings of this analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin fell below the $39k area in the past few days as fears over inflation and invasion grew. In late January and early February, the short-term market structure flipped bullishly- but a crucial level of resistance was not tested as Ethereum slumped on the charts once more. A recent report highlighted how the perception that the Ethereum network’s powerhouse is… Source link

Litecoin price action slips below $104.17 and gets in the danger zone of dipping below $100. LTC price sees bulls coming in, however, and trying to maintain any further losses as talks in Ukraine remain underway. Expect a further drop when headlines further deteriorate before bouncing back to $120. Litecoin (LTC) price action has breached the significant $104.17 supportive level that has been key in preventing LTC price action from making further lows. The break… Source link

The Ethereum ( ETH 1.14% ) blockchain is powered by the ETH coin, a cryptocurrency with a market value of $320 billion. Only Bitcoin is worth more. And Ethereum’s success can be attributed to its programmability. Specifically, developers can use the platform to build and deploy decentralized applications (dApps), software that exists on a peer-to-peer network rather than centralized corporate services. Decentralized finance (DeFi) products are a type of dApp. They allow… Source link

Bitcoin price is consolidating losses above USD 37,000. Ethereum tested the USD 2,500 support, XRP spiked to USD 0.665. Many altcoins are still down over 10%. Bitcoin price gained bearish momentum below the USD 38,000 level. BTC even tested the USD 36,500 level. It is currently (11:30 UTC) consolidating losses and might recover to USD 38,500. Similarly, most major altcoins are consolidating losses. ETH tested the key USD 2,500… Source link

A once coal-fired plant in rural, upstate New York stands at the center of a battle over Bitcoin. Greenidge Generation LLC mines “proof-of-work” cryptocurrency — the bitcoin cryptocurrency process requiring a massive amount of computing power. According to a Cambridge University analysis, globally, Bitcoin uses more electricity annually than the whole of Argentina. For a small town in the Finger Lakes region, hosting Greenidge for bitcoin mining is seen as a blessing or a curse… Source link