Litecoin receives an average long-term technical score of 60 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 60% of… Source link

da-kuk/iStock via Getty Images In an article back in October, I warned that Bitcoin (BTC-USD) may have topped. The price proceeded to fall 50% and has struggled to regain its previous bull market. Last week we have seen actions by the Canadian government to block Bitcoin payments to the Freedom Convoy. I will describe why Trudeau has just shut down the argument for Bitcoin. Court order moves to freeze crypto assets The Canadian truckers’ Freedom Convoy, which has been protesting COVID… Source link

Disclaimer: The findings of this analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin fell below the $39k area in the past few days as fears over inflation and invasion grew. In late January and early February, the short-term market structure flipped bullishly- but a crucial level of resistance was not tested as Ethereum slumped on the charts once more. A recent report highlighted how the perception that the Ethereum network’s powerhouse is… Source link

Litecoin price action slips below $104.17 and gets in the danger zone of dipping below $100. LTC price sees bulls coming in, however, and trying to maintain any further losses as talks in Ukraine remain underway. Expect a further drop when headlines further deteriorate before bouncing back to $120. Litecoin (LTC) price action has breached the significant $104.17 supportive level that has been key in preventing LTC price action from making further lows. The break… Source link

The Ethereum ( ETH 1.14% ) blockchain is powered by the ETH coin, a cryptocurrency with a market value of $320 billion. Only Bitcoin is worth more. And Ethereum’s success can be attributed to its programmability. Specifically, developers can use the platform to build and deploy decentralized applications (dApps), software that exists on a peer-to-peer network rather than centralized corporate services. Decentralized finance (DeFi) products are a type of dApp. They allow… Source link

Bitcoin price is consolidating losses above USD 37,000. Ethereum tested the USD 2,500 support, XRP spiked to USD 0.665. Many altcoins are still down over 10%. Bitcoin price gained bearish momentum below the USD 38,000 level. BTC even tested the USD 36,500 level. It is currently (11:30 UTC) consolidating losses and might recover to USD 38,500. Similarly, most major altcoins are consolidating losses. ETH tested the key USD 2,500… Source link

A once coal-fired plant in rural, upstate New York stands at the center of a battle over Bitcoin. Greenidge Generation LLC mines “proof-of-work” cryptocurrency — the bitcoin cryptocurrency process requiring a massive amount of computing power. According to a Cambridge University analysis, globally, Bitcoin uses more electricity annually than the whole of Argentina. For a small town in the Finger Lakes region, hosting Greenidge for bitcoin mining is seen as a blessing or a curse… Source link

Ethereum extended decline below the $2,700 support against the US Dollar. ETH price is struggling and might even decline below the $2,500 support. Ethereum started a major decline below the $2,800 support level. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but the bears might remain active near $2,650 and… Source link

Blockchain analytics provider Glassnode has depicted a bearish scenario for Bitcoin (BTC) as on-chain metrics suggest increased selling pressure is imminent. In its weekly analytics report on Monday, Glassnode said that Bitcoin bulls “face a number of headwinds,” referring to increasingly bearish network data. The researchers pointed at the general weakness in mainstream markets alongside wider geopolitical issues as the reason for the current risk-off sentiment for crypto… Source link

The Litecoin sell-off accelerated in the evening session as investors remained pessimistic about the ongoing geopolitical tensions between western countries and Russia. The LTC coin is trading at $102, which is the lowest it has been since January 24th. It has crashed by about 28% from its highest level this month. Fear and greed index falls Litecoin declined sharply as investors remained fearful about the crisis going on in Europe. On Monday, Vladimir Putin announced that Russia will… Source link