The cryptocurrency market is riding the green wave as most of its assets recover from a crisis sparked by the collapse of FTX, once one of the largest crypto exchanges in the world, with Litecoin (LTC) recording especially significant gains and showing signs of a bright future. Specifically, the increases that the price of Litecoin has been registering for the past several days are an indicator that the decentralized finance (DeFi) token could secure a rally towards $100, according to the Source link

A week back we shared free analysis and highlighted bullish intraday sequence on LTCUSD and noted that coin can resume higher within impulsive sequence.  Some may wonder why we picked LTCUSD? Well, we paid a special attention to this one, because it was one of the strongest back in November, when coin was able to stay above November low when BTC fell, and then even saw a strong push higher. From a % perspective we can see it a leading a lot from November low.

General bearish economic and crypto market conditions have rendered many protocols, companies, and projects bankrupt. Even huge projects and networks like Ethereum and Monero have drained investors and traders of their hard-earned money.  In contrast, a new project, Orbeon Protocol, is putting a smile on investors’ faces with its innovative real-world utility. It is still in its presale stage and seeing a surge in demand from an influx of investors, with experts anticipating a 6000%… Source link

Litecoin (LTC) was among the few bright spots for the crypto market which had to endure the negative effects of the collapse of the FTX exchange platform. In the midst of one of the worst implosions that the space has ever witnessed, LTC momentarily became vulnerable, plummeting all the way down to $49.58. But the cryptocurrency stood its ground, though, while the likes of Bitcoin and Ethereum were sent crashing to various monthly lows and eventually commenced its own rally to close… Source link

Alex Dovbnya It seems that widely used Hash Ribbon model has now failed for first time, with crypto winter shaping up to be extremely severe According to community-driven cryptocurrency analytics firm CryptoQuant, the popular Hash Ribbon model has now failed for the first time. The popular theory revolves around the assumption that Bitcoin tends to reach the bottom of a bearish cycle when miners capitulate. Image by @cryptoquant_com The capitulation phase arrives when it becomes… Source link

Litecoin (LTC) could rise another 20% amid a rare trend reversal breakout that has already resulted in LTC outperforming most crypto assets in recent days. LTC’s not-so-bearish symmetrical triangle LTC’s price broke out of what earlier appeared to be a bearish symmetrical triangle. Symmetrical triangles are trend continuation patterns, meaning breaking out of their range typically prompts the price to move in the direction of their previous trend.  Litecoin formed a symmetrical triangle pattern… Source link

Litecoin continues to move higher with a total disregard for the current bear market. Could this be the start of a broader recovery? Key Support levels: $74, $64 Key Resistance levels: $95, $105 Litecoin’s price action is getting closer to deleting a lot of the losses marked throughout the ongoing bear market, and it’s on its way to testing another critical resistance at $95. Bulls seem to be in complete control at the time of this writing. Sellers have vanished, and… Source link

On December 5, Bitcoin, the leading cryptocurrency, finally broke above the major resistance level of $17,000, and it is now heading north to $17,600. Similarly, Ethereum, the second-most valuable cryptocurrency, has broken through the $1,300 barrier and is on its way to $1,350. Major cryptocurrencies traded mixed early on December 5, as the global crypto market capitalization increased 1.58 % in the previous day to $865.67… Source link

Ethereum gained pace and retested the $1,300 resistance zone against the US Dollar. ETH is eyeing more gains towards the $1,330 and $1,350 levels. Ethereum remained well bid above the $1,240 level and resumed its increase. The price is now trading above $1,250 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum once it settles… Source link

The U.S. economy added 263,000 jobs in November, more than expected. The unemployment rate remained the same at 3.7%. OANDA Senior Market Analyst of The Americas Edward Moya discussed the impact of the new economic report on crypto markets. Following the FTX crash, could regulation go too far? Tonya Evans, Penn State Dickinson Law professor, joined “First Mover” to discuss. Plus, CoinDesk’s Margaux Nijkerk explained why Dogechain is different from dogecoin. Source link