Litecoin completes two powerful Point and Figure patterns simultaneously. A substantial spike higher and a return to a bull market is increasingly probable. Downside risks, however, do exist. Litecoin price presents a buying opportunity before its next major push. The combination of the two bullish reversal patterns suggests that it may be on track to exceed the $125 value area on a confirmed break. Litecoin price confirms two bullish entry patterns in its Point… Source link

Bitcoin (BTC) price traded down 23% in the eight days following its failure to break the $45,000 resistance on Feb. 16. The $34,300 bottom on Feb. 24 happened right after the Russian-Ukraine conflict escalated, triggering a sharp sell-off in risk assets. While Bitcoin reached its lowest level in 30 days, Asian stocks were also adjusting to the worsening conditions, a fact evidenced by Hong Kong’s Hang Seng index dropping 3.5% and the Nikkei also reached a 15-month low. Bitcoin/USD at FTX…. Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Litecoin (LTC) gets a bullish rating from InvestorsObserver Friday. The coin is up 8.08% to $105.86 while the broader crypto market is up 7.96%. Litecoin has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Bullish Over the last five days, Litecoin has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Litecoin… Source link

Bitcoin (BTC) kept $40,000 in play at the Wall Street open on Feb. 25 after 16% daily gains increased bulls’ confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Whales “leading the charge” towards $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $39,000 mark at the start of trading Feb. 25, geopolitical turmoil failing to induce a fresh major sell-off. Stocks also benefited as the week came to a close, with Germany’s DAX up 3% on the… Source link

Image source: Getty Images Crypto prices tumble as Russia invades Ukraine. Key points Russia’s invasion of Ukraine had a significant impact on the crypto market. Ethereum’s price has also been impacted by tighter economic conditions and fears that it could lose market dominance. … Source link

Buyers returned to the Bitcoin (BTC) market, locating interim upside opportunities as the price rebounded to nearly $40,000 on Feb. 25, gaining 16% in less than 24 hours.  Investors bulk up Bitcoin holdings The number of Bitcoin addresses with a balance greater than 0.01 BTC (~$400) reached a record high of 9.51 million, the latest data from Coin Metrics shows. Meanwhile, the number of addresses that hold at least 0.1 BTC (~$3,850) also reached 3.34 million for the first time in history.

If history is a guide, bitcoin may build on Thursday’s rebound from lows under $34,500. That said, the cryptocurrency remains vulnerable to renewed risk aversion in stocks. “This is only a short-term resurge and does not mean that BTC won’t drop below $34,000 in the mid-term,” Liu said. Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

“Right now, the markets have the highest demand for liquid instruments, making bitcoin slightly less of a risk than altcoins,” Alex Kuptsikevich, a senior financial analyst at FxPro, said in an email to CoinDesk. “It is likely that a further deterioration in the financial situation could benefit the first cryptocurrency as a means of capital savings for investors from Ukraine, Russia, and some nearby countries.” Source link