Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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… Source link

Litecoin price is back in the green, guided by a V-shaped recovery pattern. Whales return, scooping up lower-priced LTC amid a quick rebound above $60.00. Litecoin price holds above solid support areas as hurdles weaken to pave the way for a trend reversal. A daily bullish candlestick close above the 61.8% Fibonacci will help thwart a potential retracement in LTC price. Litecoin price and the crypto market, in general, are moving on swiftly against the backdrop of… Source link

Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com. Bitcoin remains the world’s largest cryptocurrency, with millions of people globally now holding BTC in the hope of generating above-average returns. In many instances, the coin has also solidified itself as a transactional currency, offering another option for shoppers and… Source link

The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash.  Ether turns deflationary for real As of Nov. 9, more Ether tokens are being burned than created as a part of Ethereum’s fee-burning mechanism. Simply put, the more on-chain transactions, the more ETH transaction fees get burned.  On a 30-day timeframe, the… Source link

Litecoin is seeing a surprising rebound of late. At the time of publication, Litecoin was changing hands at $62.40, up 17.12% in the last 24 hours and down 5.19% in the last seven days, according to CoinMarketCap data. Shortly after reaching highs of $73.29 on Nov. 7, LTC fell to lows of $47.50 on Nov. 9, exacerbated by the market crash earlier in the week. In a price U-turn, Litecoin rose from this low, sustaining its climb for a second day to reach intraday highs of $64.12 as of press… Source link

Litecoin is seeing a surprising rebound of late. At the time of publication, Litecoin was changing hands at $62.40, up 17.12% in the last 24 hours and down 5.19% in the last seven days, according to CoinMarketCap data. Shortly after reaching highs of $73.29 on Nov. 7, LTC fell to lows of $47.50 on Nov. 9, exacerbated by the market crash earlier in the week. In a price U-turn, Litecoin rose from this low, sustaining its climb for a second day to reach intraday highs of $64.12 as of press… Source link

Arman Shirinyan Ethereum remains winner on market despite massive crash and devastation The FTX tragedy left multiple coins on multiple markets in the dust as the exposure the exchange had and provided could not pass unnoticed by any major cryptocurrency project. However, the reactions and behavior of Ethereum on the market is something not everyone would have expected. The nosedive the cryptocurrency market took between Nov. 7 and 9 was devastating, with most assets tanking by 20% ,… Source link

Bitcoin (BTC) is setting unenviable records this week as hodlers big and small battle some major pain. Data from on-chain analytics firm Glassnode shows over one-third of the BTC supply being held at a loss by long-term hodlers (LTHs) — a new all-time high. Long-term holders shoulder record unrealized losses Profitability has taken a serious hit in recent days, and on-chain data confirms that even the most seasoned investors are suffering. As BTC/USD crashed to two-year lows of $15,600,… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Litecoin is still holding on above June lows despite recent crash The altcoin offered profit-making opportunities this week If you held Litecoin (LTC) since October, chances are that you felt less of a pain from its bearish performance this week than most other cryptocurrencies. This is because LTC’s crash this week only undid the gains it… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Litecoin is still holding on above June lows despite recent crash The altcoin offered profit-making opportunities this week If you held Litecoin (LTC) since October, chances are that you felt less of a pain from its bearish performance this week than most other cryptocurrencies. This is because LTC’s crash this week only undid the gains it… Source link