A widely followed crypto trader is expressing positive sentiment toward Bitcoin (BTC) alternative Litecoin (LTC). Crypto strategist Justin Bennett tells his 111,800 Twitter followers that he is bullish on Litecoin and expects the 14th-largest crypto asset by market cap to even outperform the king crypto. According to the analyst, LTC is likely to continue holding between a low of around $30 as its support and $465 as its resistance zone into 2023, a pattern it displayed in… Source link

A widely followed crypto trader is expressing positive sentiment toward Bitcoin (BTC) alternative Litecoin (LTC). Crypto strategist Justin Bennett tells his 111,800 Twitter followers that he is bullish on Litecoin and expects the 14th-largest crypto asset by market cap to even outperform the king crypto. According to the analyst, LTC is likely to continue holding between a low of around $30 as its support and $465 as its resistance zone into 2023, a pattern it displayed in… Source link

On Dec. 2, the United States dollar index (DXY), an index that measures the dollar’s strength against a basket of top foreign currencies, reached 104.40 which was the lowest level seen in 5 months.  To recap, the U.S. dollar’s weight against the basket of top foreign currencies grew by 19.6% in 2022 until late September as investors looked for protection against the impact of a hawkish Federal Reserve and, more recently, the rising energy costs and effect of high inflation. The U.S. dollar’s… Source link

Litecoin achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Litecoin a… Source link

Monero receives a strong long-term technical score of 84 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. XMR currently holds a superior long-term technical analysis… Source link

Cryptocurrency prices crawled back as investors bought the dip. Band Protocol rose sharply as DeFi volume bounced back. Litecoin rallied as its hash rate and mining difficulty rose. Cryptocurrency prices staged a slow recovery this week as investors bought the dip following the relatively encouraging statement by Jerome Powell. Bitcoin crossed the important… Source link

Ethereum moved closer to the $1,300 level on Dec. 2, as prices remained near a multi-week high. This comes as the latest U.S. nonfarm payrolls report showed that 263,000 jobs were added to the U.S. economy. Markets had expected this to come in at 200,000. Bitcoin was trading above $17,000 prior to the release of the data. Bitcoin Bitcoin (BTC) was once again trading above the $17,000 level, following today’s U.S. nonfarm payrolls (NFP) report. Today’s data was expected to show an… Source link

LOS ANGELES, Dec. 02, 2022 (GLOBE NEWSWIRE) — via InvestorWire — IBN (InvestorBrandNetwork), a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest CryptoCurrencyWire Audio Production as part of its sustained effort to provide specialized content distribution via widespread syndication channels. CryptoCurrencyWire’s latest audio production features Charlie Lee, Creator of Litecoin… Source link

InvestorBrandNetwork (IBN) LOS ANGELES, Dec. 02, 2022 (GLOBE NEWSWIRE) — via InvestorWire — IBN (InvestorBrandNetwork), a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest CryptoCurrencyWire Audio Production as part of its sustained effort to provide specialized content distribution via widespread syndication channels. CryptoCurrencyWire’s latest audio production features Charlie… Source link

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The DeFi space is growing rapidly, with new projects and ventures continually being added to the market. The sector is revolutionizing the financial landscape by opening new markets for investors to explore. While volatility exists in the market, stiff competition from other DeFi projects remains a threat to this emerging… Source link