Ethereum started a downside correction from $1,665 against the US Dollar. ETH could start a fresh increase if it stays above the $1,550 support. Ethereum is correcting gains from the $1,650 and $1,665 resistance levels. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $1,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if… Source link

Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration Dado Ruvic | Reuters Bitcoin’s lack of volatility lately isn’t a bad thing and could actually point to signs of a “bottoming out” in prices, analysts and investors told CNBC. Digital currencies have fallen sharply since a scorching run in 2021 which saw bitcoin climb as high as $68,990. But for the past few months, bitcoin’s price has bounced stubbornly around $20,000 in a… Source link

Litecoin price witnessed an increase in value over the last 24 hours. In the past day, the coin surged more than 3%. The past week for LTC has remained quite positive for the altcoin as it logged over a 9% gain in that timeframe. The coin has continued to form higher highs on its chart, demonstrating that the bulls were in control of the price. That caused the altcoin to break its consolidation and shatter above important resistance marks. The technical outlook… Source link

You must recognize the role of timing when it comes to the digital asset space. Investors moving in quickly and joining projects in the early development stages can expect more profits than investors who join well-established cryptocurrency projects. This is why Cronos and Litecoin potentially provide better returns than Bitcoin and can be a great investment opportunity. However, newcomer BudBlockz is gearing up to sit at the same table as these established crypto giants. While investing,… Source link

Bitcoin (BTC) continued consolidating into the Oct. 30 weekly close as concerns over a deeper retracement became vocal. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader avoids new longs below $21,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling levels just below $21,000 on the day. Weekend trading had produced an early return above the $21,000 mark, this short lived as Bitcoin bulls failed to offer the volume to sustain higher levels. Now, popular… Source link

Gamza Khanzadaev Ethereum (ETH) has to repeat this trick to continue price rally According to a recent report from the crypto analytics portal Santiment, an explosion of activity on the Ethereum network has once again predicted a rise in the ETH price. Referring back to data from the end of the first decade of October, when the Ethereum network recorded its largest increase in new addresses, 135,780, Santiment then anticipated a possible positive ETH price action, which indeed occurred… Source link

After the Ethereum [ETH] Merge, miners had to switch to other blockchains to continue their mining operations. Several of the blockchains benefited from it, and Litecoin [LTC] was among them. LTC’s hashrate has been on a rise for a few weeks now. As of 29 October, LTC’s hashrate reached 529.46 TH/s, indicating an increased number of miners on the network.  The current Litecoin Hashrate is 529.46 TH/s⚡ — Litecoin (@litecoin) October 28,… Source link

While the market is experiencing a dip in the price of cryptocurrencies, there is an increasing interest in the search for new coins with potential. According to analysis, new coins tend to give higher returns if invested during the pre-sale stage. However, you need to pay attention to market excitement and conversations if you want to succeed in cryptocurrencies. Generally, tokens that receive a lot of attention frequently see price increases in a… Source link

While the market is experiencing a dip in the price of cryptocurrencies, there is an increasing interest in the search for new coins with potential. According to analysis, new coins tend to give higher returns if invested during the pre-sale stage. However, you need to pay attention to market excitement and conversations if you want to succeed in cryptocurrencies. Generally, tokens that receive a lot of attention frequently see price increases in a… Source link

Ethereum price dominance over Bitcoin and the rest of the crypto industry continued throughout the month of October.  Analysts at crypto intelligence platform Santiment believe Ethereum’s dominance is coming to a close as ETH address activity declines.  Analysts remain bullish on Ethereum price, despite declining dominance, set a target of $10,000 for the altcoin. Ethereum flippening Bitcoin is a narrative in which ETH’s market capitalization exceeds that of… Source link