Litecoin is cleared for takeoff after a brutal downtrend against Bitcoin and the dollar. Could the cryptocurrency known as digital silver be the next altcoin to pop like Ethereum, Dogecoin, and the rest of the pack? Here’s a closer look at the technical signals suggesting a change in the tides is here – a reversal that could cause lighting in the LTCBTC trading pair to strike for a second time. The Long Running Deviation Between Digital Silver And Gold The digital gold narrative has… Source link

Bitcoin price started a recovery wave above the USD 55,500 resistance. BTC cleared the USD 56,000 level, but it is currently (12:00 PM UTC) facing many hurdles. A close above USD 57,000 is needed for a steady increase. Besides, most major altcoins are moving higher. ETH tested the USD 3,250 support before climbing higher. XRP/USD is now trading below USD 1.50 and it might attempt an upside break. Total market capitalization Source: www.tradingview.com Bitcoin price After recovering… Source link

LITECOIN launched in 2011 and it’s nearly identical to Bitcoin – with some notable differences. We explain everything you need to know about the cryptocurrency and why the price is going up. 2 Light by name, not by nature: digital currency Litecoin has soared in value recentlyCredit: Getty – Contributor The average number of Litecoin transactions is in the tens of thousands, so you can see that the cryptocurrency has quite the financial footprint. And the rise in crypto investments in… Source link

Ethereum Ethereum jumped by 16.32% on Monday. Following on from a 0.11% gain on Sunday, Ethereum ended the day at $3,433.99. It was a particularly bullish the day. Ethereum rallied from an early morning intraday low $2,952.08 to a final hour intraday high and a new swing hi $3,457.75. Steering clear of the major support levels, Ethereum broke through the day’s major resistance levels to wrap up the day at $3,400 levels. At the time of writing, Ethereum was down by 1.81% to $3,371.90. A mixed… Source link

Bloomberg Greed, Bankers and Politics Star in Danish Negative-Rate Debacle (Bloomberg) — The country with the longest history of negative interest rates just hit a milestone that may offer a glimpse of what’s to come elsewhere.In Denmark, commercial banks have had to absorb negative rates since they were first introduced by the central bank in 2012. By 2019, the industry started sharing the cost of that policy with retail depositors. Today, Danes are the world champions in bearing the… Source link

If Bitcoin were a mechanical watch, the fee market (not the free market) would be the mechanism making everything tick. This is where everything starts and ends. This is where censorship resistance comes from and where the precious resource of block space gets priced into energy consumption. The Bitcoin fee market is the first man-made free market that ever existed. In a free market: No third party can intervene in pricing No one can stop you from participating Participation is voluntary Most… Source link

Ether is excelling while the bitcoin sideshow is barely making gains. BNB breaks out on DeFi, going past $100 billion in market capitalization Monday. Ether (ETH) trading around $3,290 as of 21:00 UTC (4 p.m. ET). Gaining 10.7% over the previous 24 hours. Ether’s 24-hour range: $2,941-$3,300 (CoinDesk 20) Bitcoin (BTC) trading around $57,366 as of 21:00 UTC (4 p.m. ET). Clmbing 0.76% over the previous 24 hours. Bitcoin’s 24-hour range: $56,427-$58,929 (CoinDesk 20) Ether well above the… Source link

Litecoin (CRYPTO:LTC) is trading higher Monday but the rally may end soon. It’s getting close to a resistance level. Resistance is a large concentration of sellers gathered at the same price. At resistance levels, there is more supply than demand. That’s why rallies end when they reach them. On April 16, LTC hit resistance at the $310 level and a sell-off followed. If LTC gets to $310 again, there’s a good chance it runs into a wall of sellers once more. This… Source link

Ethereum has been on fire, rallying more than 44% in the last nine days with the cryptocurrency registered a gain in each of those sessions. While there’s been some volatility in the cryptocurrency markets, ethereum has been as steady as they come. In fact, it’s been much steadier than the largest cryptocurrency, bitcoin. While bitcoin has been trading better lately, it’s struggling on Monday, up about 2% but well off the highs. That’s even as CME Group  (CME) – Get Report launches… Source link

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