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Dec 6 (Reuters) – “I’m nearly bankrupt,” says Jad Fawaz, a crypto trader in Abu Dhabi. “I’m laughing because there’s no point in exerting more depression and more frustration about it.” The 45-year-old, who quit his real-estate job a year ago to focus on trading, has seen his holdings evaporate in recent months. He hasn’t slept in a week because of the stress. “I had about 40 coins and then I came down to 20 coins then I came down to 10 coins, came down to five coins and now I’m down to the… Source link

LTC’s MVRV Ratio spiked considerably over the past few days However, a few market indicators were bearish   Litecoin [LTC] managed to outperform most cryptos lately, as it registered over 9% gains in just 24 hours. This was a promising uptick that increased the possibility of a further increase in its price over the coming days. Interestingly, DYOR.net, a crypto analysis platform, recently posted a tweet that revealed that Litecoin was on the list of the top five bullish… Source link

Sabrina Martins Vieira Litecoin’s price victory over Bitcoin in November does not guarantee that altcoin will continue to rise Contents What made Litecoin soar in recent days? This rise is far from lasting While the cryptocurrency market was going through a heavy drop with the FTX collapse, Litecoin (LTC) managed to stand out on the upside. But is the cryptocurrency’s 24% monthly rally just a hoax? Let’s take a look at Litecoin to try to answer that question. First, the operation and… Source link

Data shows Litecoin has become the 12th largest crypto in the market after its 9% surge during the last 24 hours. Litecoin Continues Bullish Momentum, Registers 15% Gains In Past Week This last week has been green for much of the crypto market as many top coins have managed to get double digit gains in the period. LTC, which was already having a better time than the others, has been no different. The past 24 hours or so, especially, have been great for Litecoin as the crypto has risen by… Source link

Alex Dovbnya Canadian programmer has enumerated most exciting Ethereum-based applications in recent blog post In a lengthy blog post published earlier today, Canadian programmer Vitalik Buterin named the most exciting applications within the Ethereum ecosystem. Buterin sees money as “the first and most important” use case for the popular blockchain. He noted that the chain had become much more stable following the Merge upgrade that occurred in March. Buterin also claims that scaling… Source link

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. Crypto valuations have tanked significantly owing to a bear market run that began last year. While every cycle often comes to an end, the big question is which project will bounce back and generate significant returns once the poor run ends. BudBlockz is one project showing prospects of surpassing Litecoin and Chainlink next… Source link

Litecoin price has defied gravity in the past few weeks even as other big-cap cryptocurrencies recoil. LTC surged to a high of $85, which was the highest level since May 9 of this year. It has surged by more than than 75% from the lowest level in November and 104% above the lowest level this year. Why is LTC surging? Litecoin price has been in a strong bullish trend in the past few weeks. This rebound has helped push its total market cap to over $6 billion, making it the 12th biggest… Source link

Ether primed for short-term upside. Source: TradingView Ethereum Up 10% in Seven Days The price of Ethereum (or ETH), the token that powers the Ethereum blockchain network, was last up more than 10% in the last seven days. Ahead of the start of Monday’s US session, ETH was last changing hands for just under $1,300 per token, up just over 2.5% in the last 24 hours and probing for a breakout to fresh near-one-month highs and a test… Source link

Litecoin (LTC) could rise another 20% amid a rare trend reversal breakout that has already resulted in LTC outperforming most crypto assets in recent days. LTC’s not-so-bearish symmetrical triangle LTC’s price broke out of what earlier appeared to be a bearish symmetrical triangle. Symmetrical triangles are trend continuation patterns, meaning breaking out of their range typically prompts the price to move in the direction of their previous trend.  Litecoin formed a symmetrical triangle pattern… Source link

Bitcoin was trading above $17,000 on Monday, as the world’s largest cryptocurrency raced to a three-week high. Today’s move comes as prices rose for a second straight day, with momentum now firmly bullish. Ethereum was also in the green to start the week, with the coin hovering near the $1,300 mark. Bitcoin Bitcoin (BTC) surged to a three-week high on Monday, as prices climbed for a second straight session. Following a low of $16,940.90 on Sunday, BTC/USD moved to an intraday peak… Source link