Litecoin price is hovering just under the 50% Fibonacci retracement level at $171.62. Binance announced a reverse token split of LTC leveraged tokens. A breakdown of the $135.97 support level will invalidate the bullish thesis. Litecoin price is currently experiencing a decreased bullish momentum, which could result in a sideways movement or a pullback. While this retracement is necessary, it will provide buyers an opportunity to book profits and come back stronger.

Lawmakers and regulators’ increasing scrutiny of crypto markets, including the debate over the U.S. infrastructure bill’s crypto tax reporting provision, may be spooking retail investors but not institutional ones, recent blockchain data from Glassnode indicates.   These larger investors, as represented by large-value dollar transactions, fueled Bitcoin’s nearly 20% price gains since last week, the Berlin-based blockchain data firm found. A number of analysts say the trend shows that… Source link

Text size A compromise on tax-reporting requirements for companies in the cryptocurrency industry pushed Bitcoin prices higher on Monday. Dreamstime Bitcoin and cryptocurrency stocks were rallying ahead of a compromise on tax-reporting requirements for digital assets in the Senate. Bitcoin was up 5% to around $46,000, while Ethereum was… Source link

Text size A compromise on tax-reporting requirements for companies in the cryptocurrency industry pushed Bitcoin prices higher on Monday. Dreamstime Bitcoin and cryptocurrency stocks were rallying ahead of a compromise on tax-reporting requirements for digital assets in the Senate. Bitcoin was up 5% to around $46,000, while Ethereum was… Source link

It’s been quite the rebound in the crypto world lately. Bitcoin prices were up about 4% on Monday to $45,500, hitting its highest level since mid-May. The recent push has Bitcoin set for its first possible close above its 200-day moving average in several months. From the recent low last month, the leading cryptocurrency by size is up almost 60%. Ethereum has also been trading better as we outlined last week. That strength is continuing this week too as Ether is now trading north of… Source link

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Ether (ETH) has outperformed Bitcoin (BTC) in terms of year-to-date market performance, rising more than 320% against BTC’s 54% returns. But, according to Bloomberg Intelligence senior commodity strategist Mike McGlone, Bitcoin would soon catch up to Ether’s gains, which might even push its per-unit price to $100,000. “If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000,” the analyst tweeted on Aug. 9 as BTC price broke above… Source link

The entire ecosystem of LTC can be expressed as that of confusion because as of now, it might be losing market credibility. It does not reflect any fundamental development, the asset is yet to break above its 2017 high, and it is 15th in the rankings! Litecoin has definitely dropped down the pecking order but recent data and announcements continue to oppose the prevalent narrative. Litecoin: Sentiment scores still high? Source: sentifi According to a report shared with AMBCrypto, data… Source link

Over the past 24 hours, Litecoin’s (CRYPTO: LTC) price has risen 5.82% to $160.74. This continues its positive trend over the past week where it has experienced a 9.0% gain, moving from $144.14 to its current price.Over the past 24 hours, Litecoin’s (CRYPTO: LTC) price rose 5.82% to $160.74. This continues its positive trend over the past week where it has experienced a 9.0% gain, moving from $144.14 to its current price. As it stands right now, the… Source link

Riding on the back of Bitcoin’s surge to $45k, most of the alts started witnessing upticks. Interesting, at the time of writing, only 12 cryptos out of the top 100 reflected negative weekly returns. The remaining 88 seemed to be relishing their gains. Picking alts for your portfolio, at this juncture, might be pretty daunting. However, analyzing correlation, profitability and ownership distribution might help. Correlation  Historically, alts that have been more dependent on Bitcoin and… Source link