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

Newly, crypto businessman Bobby Lee, the brother of Litecoin developer Charlie Lee, shared his views on Bitcoin.  As per the report by a reliable media source, at the time of the interview with Rishaad Salamat and David Ingles on “Bloomberg Markets: Asia” on 21 November 2022, Lee had stated about Bitcoin: “Bitcoin is now below $16,000. Before this, I stated that it will likely touch $15,000. Given the extent of the FTC blow-up, it can touch $13,000 or even go down to $10,000. That… Source link

A seasoned hedge fund manager says that Bitcoin (BTC) will eventually replace gold, and predicts the king crypto will hit a six-figure price tag. In a new interview with Stansberry Research, veteran hedge fund manager Mark Yusko of Morgan Creek Digital predicts that China will be the home of the next world reserve currency, but that Bitcoin (BTC) will replace it sooner after. “There’s only one money in the world: gold. Everything else is credit, everything else is a currency…. Source link

Popular crypto analyst InvestAnswers says that an on-chain signal is suggesting that Bitcoin (BTC) is way overdue for a rally. In a new strategy session, the pseudonymous analyst takes a look at Bitcoin’s realized price (RP) metric, which records the value of all BTC at the price they were bought, divided by the number of coins in circulation. The analyst points out that historically, BTC has not stayed below the RP for long. “We’re counting down to the next halving and here… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has gained 0.77% to $76.84. InvestorsObserver is giving Litecoin a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 28, placing it in the bottom 28% of cryptos… Source link