Despite bitcoin’s violent sell off, Microstrategy CEO Michael Saylor is holding firm. The bitcoin bull said he’s in it for the long term and his strategy is to buy and hold the cryptocurrency. “There’s no price target,” Saylor told Yahoo Finance Live. “I expect we’ll be buying bitcoin at the local top forever. And I expect bitcoin is going to go into the millions. So we’re very patient. We think it’s the future of money.” Saylor said bitcoin has sold off with other risk assets like… Source link

InvestorsObserver gives Monero Classic a strong long-term technical score of 97 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. XMC at this time… Source link

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“We always knew something like this was possible, and we tried to stress the risks to a system like this in our research and public commentary, but the fact is we miscalculated the risk of a ‘death spiral’ event coming to fruition. We’ve taken some heat for this over the last week, and we deserve it. The criticism is fair and we accept it,” the firm wrote. Source link

Bitcoin (BTC) may be attempting to flip $30,000 to support on May 19, but for one group of analysts, attention is focused firmly on a fresh drop. In a tweet on the day, on-chain monitoring resource Whalemap defined the support levels Bitcoin bulls must defend to avoid fresh significant losses. Whales dictate “do or die” BTC price support Bitcoin’s current “no man’s land” price behavior has commentators split on whether the next decisive move will be up or down. While some are calling for $32,000… Source link

The Litecoin price has come under intense pressure in the past two days as investors battle multiple catalysts. LTC is trading at $67.10, which is slightly below this week’s high of $74.45. Its total market cap has dropped to about $4.6 billion, making it the 20th biggest coin in the world. Why is LTC under pressure? There are several reasons why Litecoin price has declined sharply in the past few months. First, investors are concerned about inflow and outflow trends in the ecosystem…. Source link

LTC/USD traded lower yesterday, after it hit resistance at 74.10, but the slide was stopped at 64.35. The crypto has been trading between those tow barriers since May 13th, and thus, we would consider the very short-term bias to be neutral. However, zooming slightly out, we see that Litecoin remains well below the downside resistance line taken from the high of March 30th, and thus, we see more chances for traders to exit the latest range through its lower end. Such a… Source link

In times of uncertainty and bear markets, it is natural to be more worried about your investments. How can you reduce the overall risk of your investments? A diversification strategy is commonly adopted by many experienced investors for most of their asset holdings. How to diversify your crypto portfolio? Risk management is crucial while building a cryptocurrency portfolio in this rapidly expanding and dynamic industry. Diversifying your digital asset investments… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice A recent report highlighted that the daily transaction count on the Litecoin network has been pretty much the same as three months ago, standing at just over 100k. Similarly, the active address count has also remained unchanged, hovering around 300k, the same number it was back in February. This suggested a lack of growth in terms of users and investors for… Source link

Ethereum developers have reached another milestone on their way to the long-awaited ETH 2.0 network upgrade—the Ropsten public testnet will undergo an upgrade to proof-of-stake consensus on June 8. The configuration code for upgrading the testnet appeared in a pull request from Ethereum DevOps engineer Parathi Jayanathi in the eth-clients GitHub repository on Monday.  Last month, the developers working on The Merge, an upgrade to the Ethereum network to switch it from a proof-of-work to… Source link