Litecoin

Litecoin price action is forming one of the most sought-after bearish chart patterns in technical analysis. Lower lows continue to be the norm for LTC. One final support zone for Litecoin price is present at $103, but participation and buying are weak. Litecoin price has some of the most persistent and bearish activity out of all the major cryptocurrencies. From the all-time high of $414 on May 10, 2021, to the current major swing low of $92 found on February 24,… Source link

Litecoin receives a strong long-term technical score of 83 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. LTC currently holds a superior long-term technical analysis… Source link

Litecoin’s (CRYPTO: LTC) price has decreased 4.6% over the past 24 hours to $104.79, continuing its downward trend over the past week of -1.0%, moving from $105.82 to its current price. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Litecoin has had a similar number of active users each day over the past three months. And, this number has stayed in the 300k to 400k area. Transaction volume on a daily basis has also varied from $1 to $7 billion over the past three months. While these facts show that the network remains relatively robust and popularly used, this was simply not reflected… Source link

Litecoin was launched in 2011. Like many cryptocurrencies, it uses a proof-of-work consensus mechanism, relying on mining for its security and coin minting process. Litecoin mining is a highly complex and energy-consuming process that requires a lot of computer processing power. Unfortunately, this means that common CPUs don’t offer enough processing power for mining Litecoin. As a cryptocurrency, Litecoin is nearly identical to Bitcoin. However, it has a much higher unit cap. If you… Source link

Throughout this series of articles, we’re looking at the top blockchains in cryptocurrency to help you make sense of the alphabet soup of so-called “altcoins” that exists beyond that of bitcoin’s BTC and Ethereum’s ETH. We will look at what they are, how they work, what they do, and their pros and cons. You’ll come out of this series not only with a better sense of what cryptocurrency is all about, but you’ll also understand why the way a token works — the way its blockchain… Source link

Bitcoin appeared to be recovering over the past two days after macro concerns worldwide had pushed the largest cryptocurrency to lose significant valuation, along with most other crypto assets. In fact, investors have been holding strong amidst the past week’s havoc, with digital asset flows registering renewed positive movement. In the last week of February, $38 million was poured into digital asset investment funds, “despite the ongoing turmoil in Eastern Europe”, noted CoinShares… Source link

Alex Dovbnya Digital Currency Group has announced another buyback program, which covers a slew of the trusts offered by cryptocurrency asset manager Grayscale Cryptocurrency conglomerate Digital Currency Group (DCG), the parent company of leading asset manager Grayscale, has announced a $250 million share buyback program. The sum will be spread among various funds operated by the company. DCG intends to buy back $30 million worth of shares in Grayscale Litecoin Trust (LTCN). The… Source link

Early in February, investors and analysts were discussing the possibility of a cryptocurrency crash. However, today begins a new month and crypto prices are booming. Even after last week’s turbulence caused by the U.S. Federal Reserve and geopolitical uncertainty, many popular cryptos are now back in the green. One of the day’s winner is Litecoin (LTC-USD). Currently, the peer-to-peer altcoin is up 3%-plus for the day and more than 6% for the week. Although it continues to be… Source link

While the global crypto market poked above the $2 Trillion-mark, Algorand’s 20 EMA moved above its 50 EMA. But it faced a strong hurdle near the 23.6% Fibonacci level. Further, Cronos saw an ascending triangle breakout but struggled to topple its trendline resistance.  Interestingly, Litecoin formed a bullish pattern on its 4-hour chart while the bulls needed to defend the $111-mark to confirm its strength. Algorand (ALGO) Source: TradingView, ALGO/USD The January sell-off fueled the… Source link