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News Home Friday, March 25, 2022 08:11 AM | InvestorsObserver Analysts InvestorsObserver gives Litecoin a strong long-term technical score of 75 from its… Source link

Bitcoin (BTC) closed in on its highest level of the month on March 25 with traders hoping for an end to months of consolidation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra BTC stash nears $1 billion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cementing recent gains to hit $44,698 on Bitstamp Friday.  With that, the pair was under $1,000 away from cracking the monthly high around $45,330. For traders, the yearly open at $46,000 was now of increasing… Source link

Text size The prices of bitcoin and other digital assets rise Friday. Dreamstime Source link

Text size The prices of bitcoin and other digital assets rise Friday. Dreamstime Source link

Analysts remain confident of the near-term prospects. “We are at the upper band of resistance currently as BTC approached 2022 highs. With the spot flow we have been seeing, we are cautiously optimistic that there will be a continuation of the medium-term uptrend and a run to $50,000,” Matthew Dibb, COO and co-founder of Stack Funds, said. Source link

Litecoin is currently trading at a six-week high of $125 after succesfully breaking above the $119 level of resistance. The 20th largest cryptocurrency by market cap, which is available to purchase on the Coin Rivet broker, now needs to avoid a dreaded lower high below $149. A lower high below that point would confirm the macro downtrend while extending downside targets down to as low as $91 and $70. However, if Bitcoin can break the $45,000 level of resistance on convincing… Source link

Once we break out of this area, we will see a bigger move. Monero has had a bullish session on Thursday to break above the $200 level. Furthermore, it looks as if it is reaching towards the 200 Day EMA, an indicator that of course is rather crucial. The downslope of the 200 Day EMA continues to be a deterrent for buyers, but we are getting rather close to this area and if we were to break above it, then things would change rather rapidly. Advertisement Monero of course will be following some of… Source link

Litecoin’s (LTC) previous rally saw notable gains that halted near the 61.8% Fibonacci resistance. Since then, LTC has witnessed a strong reversal for over four months now. From here on, If the current candlestick closes below or near to the previous green candlestick, it would confirm an evening star pattern (bearish). Thus, a close below the current zone could propel a test of the $106-floor before a possible revival. At press time, LTC traded at $121.425. LTC Daily Chart Source:… Source link

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