Litecoin Climbs 12% In Bullish Trade Investing.com – was trading at $180.890 by 10:22 (14:22 GMT) on the Investing.com Index on Friday, up 11.74% on the day. It was the largest one-day percentage gain since May 24. The move upwards pushed Litecoin’s market cap up to $12.030B, or 0.62% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $164.135 to $182.670 in the previous twenty-four hours. Over the past seven… Source link

Litecoin bulls have had to negotiate through multiple bearish signals in the market. Refusing to bow down to a bearish head and shoulders pattern and RSI’s double top has allowed the alt to maintain its upwards trajectory. In fact, bulls could be further rewarded if LTC breaks north of its broadening wedge setup. At the time of writing, Litecoin  traded at $179.8, up by 5% over the last 24 hours. Litecoin 4-hour chart Source: LTC/USD, TradingView LTC’s reversal from the $135-137 price… Source link

After a bearish day for the crypto majors on Thursday, it has been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 4.46% to $46,403.7. A mixed start to the day saw Bitcoin fall to an early morning low $44,266.0 before making a move. Steering clear of the of the first major support level at $43,411, Bitcoin rallied to a late morning current day high $46,585.0. Bitcoin broke through the first major resistance level at $45,811. The… Source link

LTC/USD rallied today, after hitting support at 161.15 yesterday. The rally took the crypto above yesterday’s peak of 179.14, thereby confirming a forthcoming higher high. This, combined with the fact that the price continues to trade above the upside support line drawn from the low of July 20th, keeps the near-term outlook positive. We believe that the break above 179.14 may have opened the way towards the 197.15 zones, which is defined as resistance by the peak of… Source link

Ethereum (ETHUSD) Above: Ethereum (ETHUSD) Ethereum finally broke above the dominant bear trend line on its $50/3-box reversal Point and Figure chart. A slight pullback is warranted and expected. The long idea I see is a buy stop @ $3,300 with a profit target at $3,800. There is an opportunity to short with the break of a double bottom at $2,900, but that entry would be directly above a prior bullish entry zone – so not the best place to go short. The… Source link

Ethereum Ethereum fell by 3.64% on Thursday. Reversing a 0.65% gain from Wednesday, Ethereum ended the day at $3,047.21. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,239.69 before hitting reverse. Falling short of the first major resistance level at $3,251, Ethereum fell to a late afternoon intraday low $2,980.00. Ethereum fell through the first major support level at $3,098 and the second major support level at $3,034. Finding late support, however, Ethereum… Source link

After yesterday’s pause, the Litecoin price is higher again this morning. However, there are signs that LTC’s impressive run may take a step back. The recent return to form for the cryptocurrency market has been kind to Litecoin. Since dropping to $103 in July, LTC has gained 64%. However, it remains to be seen whether this bull run can take the Litecoin price even higher. Altcoins are typically highly correlated to both Bitcoin and Ethereum and often much more volatile. This is true… Source link

The technology is fine, but its speculative bias reveals something sad about our relationship with money Photo: Bermix Studio/Unsplash As those of us who were around will remember, Bitcoin emerged out of the same spirit as Occupy Wall Street. Those of us holding seminars about economic power in Zuccotti Park were thrilled by the possibility of a… Source link

Bitcoin (BTC) was lower for a third straight day, slipping toward $44,000 after the largest cryptocurrency by market value reached a three-month high of nearly $46,800 earlier this week.  “There just isn’t much of an appetite right now for bitcoin above $46,000, but you’re not seeing a massive sell-off either,” Matt Blom, head of trading at the digital-asset firm Eqonex, said Thursday in a Zoom interview.  Prices for ether (ETH), the native cryptocurrency of the Ethereum blockchain… Source link

Last week, see here, I found for Ethereum (ETH), aka Ether, “using the Elliott Wave Principle (EWP), I prefer to apply a bullish EWP count. Ideally, ETH bottomed for (blue) Primary wave-IV on July 20th, possibly already June 22nd, and should now be working on a few more minor 4th and 5th waves (green 5, red iii, iv) to complete a more extensive (black) major-1 wave of (blue) Primary-V. This wave-1 should ideally reach around $3000-3300, which aligns well with the triangle breakout target… Source link