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Ethereum is currently trading at $2,639 after bouncing significantly from its weekend lows of $1,735. The industry’s second largest asset by market cap is still seething following a sensational blow-off top at $4,400 following months of continuous price action to the upside. Ethereum lost more than 60% of its value in just 12 days, coinciding with a chaotic fall in the price of Bitcoin, which ended its uptrend with a plunge to below $30,000. Analysts remain cautious on cryptocurrencies as a… Source link

The Litecoin price has recovered the 100-day moving average. However, the failure to break above $200.00 puts the future of the rally in doubt. Outside of Bitcoin and Ethereum, the losses in altcoins from the highs were remarkably similar. LTC sat perfectly within the range and lost -70% from its $413.40 peak. Again, the 80% rally in the Litecoin price is in line with many of its peers. And finally, like much of the market, LTC has failed to recover its uptrend… Source link

Ethereum Ethereum rose by 6.72% on Wednesday. Following a 2.20% gain on Tuesday, Ethereum ended the day at $2,889.84. A bearish start to the day saw Ethereum fall to an early morning intraday low $2,647.21 before making a move. Steering clear of the first major support level at $2,471, Ethereum rose to a late morning intraday high $2,913.68. Ethereum broke through the 38.2% FIB of $2,740 and the first major resistance level at $2,856. An early afternoon pullback saw Ethereum fall back through the… Source link

The crypto market bounced then lost steam over the past 24 hours, perhaps fueled by the behavior of new market participants joining this current bull cycle. Meanwhile, market data continues to suggest more and more ether being deployed and traded on the spot market to rival BTC. Bitcoin (BTC) trading around $38,224 as of 21:00 UTC (4 p.m. ET). Gaining 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: $37,600-$40,702 (CoinDesk 20) Ether (ETH) trading around $2,720 as of 21:00 UTC (4… Source link

On May 26 the the bullish momentum that had propelled Bitcoin and altcoins into a relief rally was somewhat subdued as traders remain unsure of what may happen next.  After an early morning attempt by Bitcoin bulls to drive (BTC) price above $40,000 was met with stiff resistance, the digital asset lost momentum and slumped back to the $38,000 support level. BTC/USDT 4-hour chart. Source: TradingView Despite the continued struggle, a few positive signs like a decline in BTC exchange deposits… Source link

What Happened: Ethereum’s daily trading volumes nearly doubled Bitcoin’s on Tuesday, leading market participants to wonder if new money favored the second largest crypto asset over the first. Grayscale’s CEO Michael Sonnenshein confirmed that it wasn’t just retail traders contributing to higher Ethereum (CRYPTO: ETH) trading volumes. According to the most recent data, the notional volume for the Grayscale Ethereum Trust (OTCQX: ETHE) even… Source link

With cryptocurrencies continuing their wild ride, investors should stay away from Litecoin (CCC:LTC-USD) for the time being. Source: Wit Olszewski / Shutterstock.com Like all cryptocurrencies, LTC has been experiencing extreme volatility. Between May 9 and 23, Litecoin’s price fell 71%, from a high of $408.57 to a low of $118.66. The digital coin’s price has since rebounded and is today trading at right around $199. On May 26 alone, Litecoin’s price rallied 10% higher. The big… Source link

Litecoin (CCC:LTC-USD) is one of the original big cryptocurrencies, founded by Charlie Lee way back in 2011 as a peer-to-peer (P2P) coin. This makes it one of the first real competitors to Bitcoin (CCC:BTC-USD). Indeed, Lee created Litecoin using many of the same ideas as BTC, but designed it to be more efficient and useful in everyday transactions. Bitcoin, as investors have realized, can conversely be quite clunky for small purchases. Source: Wit Olszewski /… Source link

Litecoin (CCC:LTC-USD) is one of the original big cryptocurrencies, founded by Charlie Lee way back in 2011 as a peer-to-peer (P2P) coin. This makes it one of the first real competitors to Bitcoin (CCC:BTC-USD). Indeed, Lee created Litecoin using many of the same ideas as BTC, but designed it to be more efficient and useful in everyday transactions. Bitcoin, as investors have realized, can conversely be quite clunky for small purchases. Source: Wit Olszewski /… Source link