Litecoin price has crawled back in the past few days as the crypto industry and stock market rebounded. LTC was trading at $61.74 on Tuesday, which was about 52% above the lowest level this year. Its market cap stands at more than $4.4 billion. Fear and greed index  Litecoin and other cryptocurrency prices bounced back recently as signs of greed in the market started to emerge. For example, the US dollar index has slipped from the year-to-date high of $109.3 to about $103. The falling USD… Source link

As indicated in our last Litecoin price prediction, the LTC price is facing huge resistance from the 0.618 Fib retracement level. This Fib level comes into play by connecting the 20th May high of $74.29 to the June low of $40.32. Nevertheless, despite getting rejected from this $62 level twice already, LTC is retesting it once again. A reclaim of this level is likely to trigger a huge bullish move. Litecoin is one of the altcoins whose price action is closely correlated to that of Bitcoin…. Source link

Of the total 21 million Bitcoin, just over 1.8 million remain to be mined. Only 1.8 million Bitcoin to reach the maximum circulating supply As is well known, Satoshi Nakamoto, in his now-famous paper with which he created Bitcoin, had stipulated that the maximum Bitcoin to be mined should not exceed 21 million units, as a way to combat inflation thanks to the scarcity of the asset. FUN FACT: 1,885,100 #BTC left to be mined. — Watcher.Guru (@WatcherGuru) August 7, 2022 According to… Source link

The Ethereum [ETH] network seemed to be creating a divide in the crypto-verse. ETH miners have been rebelling against the Merge as it would negate the significance of mining the asset. Therefore, the idea of a hard fork that would divide the network into ETHPoW and ETHPoS began surfacing. Chandler Guo, a prominent Chinese miner was leading this movement. While several miners have shown support, a few others have disregarded the possibility of a hard fork. Ethereum Classic [ETC] was part of… Source link

Price Prediction for Bitcoin: The InvestAnswers channel predicts that the price of Bitcoin will go gangbusters. But what is the thinking behind this figure? The analyst’s prediction has been one of the wildest BTC price predictions made so far. But, it is not unreasonable, when you take into account a move by Blackrock. Last week, BlackRock, the world’s largest asset manager, announced it will offer Bitcoin trading and custody services to institutional investors through Coinbase… Source link

Bitcoin price shows a lack of directional bias as it approaches the $24,655 resistance level. A lack of buying pressure could send BTC down to the immediate support level at $21,430. A daily candlestick close that flips the $24,655 level into a support floor will invalidate the bearish thesis.  Bitcoin price has shown a resurgence of bulls that have pushed it higher over the last 48 hours. However, this move could halt and reverse if certain resistance levels are… Source link

The Office of Foreign Assets Control (OFAC), a watchdog agency tasked with preventing sanctions violations, on Monday added Tornado Cash to its Specially Designated Nationals list, a running tally of blacklisted people, entities and cryptocurrency addresses. Tornado Cash has been a key tool for the Lazarus Group, a North Korean hacking group tied to the $625 million March hack of Axie Infinity’s Ronin Network, according to the Treasury Department. Source link

“I think decentralized stablecoins, like [Tron stablecoin] USDD, [a] decentralized U.S. dollar, is still essential to our industry because, as we all know, all the components of [decentralized finance] today it’s all decentralized … except stablecoins,” Sun said. Source link

Monero receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is… Source link

Ethereum (ETH) took off over the weekend and has extended its gains during today’s trading session. The second crypto by market cap could extend its gains, as “The Merge” becomes a certainty. The event that will complete Ethereum’s transition from a Proof-of-Work (PoW) to a Proo-of-Stake (PoS) consensus algorithm, “The Merge” has been set for September 2022. One of the most expected dates in the crypto industry, market participants seem divided on its short-term… Source link