Litecoin’s (LTC) July-November 2021 bull run saw exceptional gains that halted near the 61.8% Fibonacci resistance. Since then, LTC has steeply downturned within the bounds of multiple reversal patterns. The wider market correction stalled LTC’s northbound trajectory from the 23.6% Fibonacci resistance. Now, a potential break from its current reversal pattern could brace the alt for a test of the $114-zone. At press time, LTC traded at $104.68. LTC Daily Chart Source: TradingView,… Source link

“Economists and investors are looking for evidence the inflation surge that started in early 2021 is close to a peak. One possible early sign came from the monthly change in the core index. It rose 0.3% in March from the prior month, the slowest pace in six months, driven by a 3.8% decline in used vehicle prices. Another encouraging sign was that airline fares, hotel prices and other more volatile categories drove much of the price gains for services, while pressure from categories such as… Source link

Extreme fear is once again the dominating sentiment across the cryptocurrency community after Bitcoin (BTC) faced another day of trading below the $40,000 level and the United States grapples with the highest Consumer Price Index (CPI) print since 1981.  Crypto Fear & Greed Index. Source: Alternative.me Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt to rally above $40,000 ran into a wall of resistance at $40,650 and BTC price eventually tumbled back… Source link

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Last week Bitcoin and Ethereum—the two largest cryptocurrencies—dropped by 7.6% and 6% respectively. Most of the market followed them into the red. However, privacy-oriented cryptocurrency Monero (XMR) seems to be withstanding the bearish trend proving its value as sound money during times of crisis. Monero Hits Three-Month… Source link

The relative strength index (RSI) on the daily chart is near oversold levels, which means buyers could remain active heading into the Asia trading day. Further, positive momentum signals on the weekly chart suggests pullbacks will remain brief this month. Source link

Analysis from Huobi Research Institute uncovered many factors that may have contributed to its present price and forecasts future market changes. London, UK –News Direct– Huobi Research Institute The falling price of Bitcoin, which now stands below US$40,000, has prompted many to wonder if the cryptocurrency bull market that began early March is indeed over. Analysis from Huobi Research Institute uncovered many factors that may have contributed to its present price and forecasts future… Source link

Last month cryptocurrencies tried to turn bullish, with the risk sentiment improving in financial markets which sent Bitcoin (BTC) above $48,000. Litecoin (LTC) and Ethereum (ETH) reversed higher as well and made some decent gains. But the bullish move has ended and the downtrend seems to have resumed again. Although, these cryptocurrencies are facing some major support now, which will be decisive whether cryptocurrencies continue to be bearish or if they will reverse higher soon. Litecoin… Source link

Arman Shirinyan SHIB, XMR and APE are leading the cryptocurrency rally with 10% price increase in last hours As top-tier cryptocurrencies like Ethereum and Bitcoin are plunging, altcoins like Monero, ApeCoin and Shiba Inu are adding close to 10% to their values in the last 24 hours, indicating traders and investors are choosing riskier options, per CoinMarketCap. Shiba Inu on the rise Shiba Inu showed itself as one of the strongest positions on the cryptocurrency market today after… Source link

“Due to the Russia/Ukraine war, core inflation reading is key to watch out for, as this strips out gas and food, giving the Federal Reserve the green light to continue to hammer the market with aggressive policy,” Marcus Sotiriou, analyst at the U.K. based digital asset broker GlobalBlock, said in an email. Source link

Text size Bitcoin and ether have suffered their worst daily falls since early this year. Barron’s Advisor/Dreamstime … Source link