On the weekly chart, technical indicators are improving, similar to what occurred in August 2021, which preceded a 60% price rally. This time, however, there is negative momentum on the monthly chart, which typically precedes rangebound or negative price action. That means upside could be limited around the $46,000-$50,000 resistance zone. Source link

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Over the past 24 hours, Litecoin’s (CRYPTO: LTC) price has risen 3.17% to $115.73. This continues its positive trend over the past week where it has experienced a 12.0% gain, moving from $102.61 to its current price. As it stands right now, the coin’s all-time high is $410.26. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring… Source link

Ethereum remained above $2,900 to start the week, as the world’s second largest cryptocurrency consolidated its recent gains. Bitcoin was also consolidating, as it continued to trade above $41,000 during Monday’s session. Bitcoin Despite a selloff to end last week, prices of BTC continued to hover above $41,000 on Monday, as market bulls appear to still be holding onto their positions. Following a low of $40,668.04 earlier in today’s session, BTC/USD rose to an intraday high of… Source link

Ethereum’s burn mechanism is hotter than ever, as crypto’s second-largest network has officially destroyed over 2 million ETH since the mechanism was introduced last August.  According to Watch the Burn, a dashboard monitoring the burn mechanism, the network has destroyed a total of 2,000,996 Ethereum since its inception. In dollar terms, that’s more than $5.82 billion removed from circulation forever.  Implemented in the London hard fork, EIP-1559, the technical name for the burn… Source link

Text size Bitcoin and other cryptos have recently come back into focus amid the Russia-Ukraine war. Dreamstime … Source link

Bitcoin (BTC/USD) Analysis Key Highlights BTC’s price has once again declined after a minor jump above $42,000. It is still in the consolidation phase between $45,850 and $34,324 with a bullish bias. The pair is trading within the symmetric triangle and bullish sentiment will continue if it breaks $43,300 (breaking out of the triangle). Technical Analysis Intraday trend – Bullish On the daily chart, the pair is trading above Tenken-sen ($39,986), Kijun-sen ($39,828), and above Ichimoku Kumo cloud… Source link

Bitcoin (BTC) starts a new week on a tentatively stronger footing as macro cues curiously stabilize. After a calmer weekend than most recently, BTC/USD managed to seal its highest weekly close since February, casting off concerns that an imminent bout below $40,000 could enter. Instead, conditions are beginning to favor a more bullish perspective on shorter timeframes, but as ever, nothing is certain — bulls need to tackle resistance and flip it to support, beginning with levels just north… Source link

I believe at this point we are going to see a lot of back and forth on short-term charts. Monero rallied a bit on Thursday to reach the $192.50 level. The $200 level just above will offer a significant amount of resistance based upon psychology, but probably not much beyond that. If we were to break above the $200 level, then the next target will be $210, where the 200-day EMA currently sits. Advertisement On the downside, the 50-day EMA is sitting at the $180 level, an area that has been… Source link