Analyst declared Litecoin could face market wipeout, along with two other cryptocurrencies LTC traders opted for unbias as investor sentiment remained negative Leader of the CNBC Investing Club, Jim Cramer, categorized Litecoin [LTC] as one of the cryptocurrencies that might not see the light of another day in the coming years. Appearing at an interview with CNBC’s Squawk Box, Cramer also added Ripple [XRP] and Dogecoin [XRP] to the list that could face an eradication. “I… Source link

The legendary trader who accurately predicted Bitcoin’s crash in January of 2018 says BTC looks primed for another sell-off event. Seasoned analyst Peter Brandt tells his 689,700 Twitter followers that Bitcoin is flashing a candlestick formation indicating a fresh move to the downside for the king cryptocurrency. “Please all be aware that Bitcoin BTC is developing the infamous ‘three blind mice’ chart construction.”  Source: Peter Brandt/Twitter Although the three blind… Source link

Ethereum (ETH) might be gradually turning into a store of value based on the volume of the digital asset being held by long-term investors, CryptoSlate’s analysis of Glassnode data revealed. With Ethereum down by more than 70% from its all-time high during the current market cycle, one would think that investors would massively dump the coin to recoup their funds. However, Glassnode HODL waves data showed that long-term investors currently hold 80% of ETH supply, i.e., those holding the… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Momentum on the daily timeframe flipped in favor of the sellers. If XMR can defend $135, lower timeframe traders could look for buying opportunities. It was a red week for the S&P 500 which fell 6.4% from Tuesday’s (13 December) open at 4092 to a low of 3829 on Friday (16 December). This began to hurt Bitcoin on Wednesday (14 December) when… Source link

Top Stories This Week FTX founder Sam Bankman-Fried arrested, set to be extradited to US Sam Bankman-Fried was taken into custody by the Royal Bahamas Police Force and is likely to stay there until February, after his application for bail was denied in Bahamian court. A second application for bail has been reportedly filed by SBF in the Supreme Court of the Bahamas. His arrest came after the United States government officially filed criminal charges against him —… Source link

InvestorsObserver gives Monero a strong long-term technical score of 89 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders. XMR at this time has a… Source link

Bitcoin‘s (BTC -0.62%) price hit an all-time high of $67,567 last November. But today it trades at about $18,000. The world’s top cryptocurrency lost its luster as inflation, rising interest rates, and other macro headwinds drove investors away from riskier investments. That decline also crushed many Bitcoin-related stocks. Coinbase (COIN -3.63%), one of the world’s largest cryptocurrency exchanges, and Marathon Digital (MARA -10.60%), one of the market’s top Bitcoin mining companies, both… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. With Sam Bankman-Fried charged and behind bars and FTX’s implosion beginning to fade (ever so slightly) into the rearview mirror, this week saw coin prices finally start to act normal. And that meant: just as turbulent as the stock market.  Bitcoin (BTC) and Ethereum (ETH) moved in lockstep with Wall Street this week, cresting on Wednesday in anticipation of a rosy interest rate update from the Federal Reserve, following… Source link

The Litecoin price has tanked further over the last 24 hours. On their respective charts, the prices of major altcoins reflect the price action of Bitcoin. As BTC slipped close to 3%, LTC also tanked nearly 8% on the daily chart. Recovery for Litecoin seems far-fetched from what the technical outlook suggests. A rise in Bitcoin’s price may help LTC for a while, but the altcoin’s demand must rise in order for the price to reverse. The short-term price thesis for LTC points towards… Source link

Ethereum fell below $1,200 to start the weekend, as prices continued to trade close to a multi-week low. This decline comes as market sentiment remained bearish following a big week of economic data. Bitcoin also extended recent declines, as traders remained nervous following news that financial auditor Mazars paused all work for crypto clients. Bitcoin Bitcoin (BTC) extended recent declines on Saturday, as markets continued to be nervous following recent uncertainty surrounding… Source link