Bitcoin and Ethereum catch their breath amid market mayhem

Bitcoin and Ethereum catch their breath amid market mayhem

In a madcap time of immense disruption, the crypto markets took a breather to round the week off, with most major cryptocurrencies showing minimal price action. Bitcoin managed to stave off any further losses by inching higher to US$16,665, but the bulls face still resistance before reclaiming support above US$17,000. Week on week, bitcoin is slightly more than 4% down against the US dollar. Bitcoin (BTC) consolidates lower post FTX collapse – Source: currency.com Ethereum also… Source link

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Are Litecoin Whales Preparing for an LTC Price Rally in 2023?

After staying quiet for a long time, Litecoin (LTC) has finally woken up, taking the top spot on CoinMarketCap’s gainer list, rising 8% in 24 hours. Litecoin has been in the crypto market for more than most of the top altcoins. In fact, many in the market believe that, unlike other projects that have bitten the dust, LTC has managed to evade many bear markets and could continue to do so.  While predicting the future isn’t something that’s recommended in the crypto market, especially… Source link

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Should LTC holders remain patient for a 14% upswing?

Litecoin price shot up 8% in the last 24 hours despite bearish sentiment in the crypto market. Litecoin emerged as the second biggest asset by usage on BitPay in October. LTC still has to maintain its support at $56 to prevent a 23% crash to June lows of $43. Litecoin price has been performing relatively better than most other cryptocurrencies since FTX’s collapse. Despite the fluctuations in the crypto market, Litecoin has sustained its demand which is evident… Source link

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Litecoin targets the $70 resistance level again after adding 7% to its value

Litecoin targets the $70 resistance level again after adding 7% to its value

Litecoin is outperforming the other major cryptocurrencies so far today and is up by more than 7% in the last 24 hours. LTC, the native coin of the Litecoin blockchain, is up by more than 7% in the last 24 hours. The coin is currently the best performer amongst the top 100 cryptocurrencies by market cap. At press time, the price of Litecoin stands at $62.15.  There is no… Source link

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Litecoin Shows Bullish Signs As Price Eyes $70; Will Bulls Push To This Region?

 LTC’s price shows bullish signs as price holds above its range channel showing signs to rally high as FTX fiascos continue.   LTC’s price trades above $60 with the market’s current state, as things look uncertain for most traders and investors.  LTC’s price bounces from a low of $50 on the daily timeframe as the price aims for a rally to $70 above the 50 Exponential Moving Average (EMA) The price action displayed by Litecoin (LTC) in recent times has been encouraging after… Source link

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Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,300

Ethereum is consolidating losses above the $1,200 support against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance. Ethereum is facing resistance near the $1,240 and $1,250 levels. The price is now trading below $1,240 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a… Source link

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$600M in Bitcoin options expire on Friday, giving bears reason to pin BTC under $16K

$600M in Bitcoin options expire on Friday, giving bears reason to pin BTC under $16K

No one can blame Bitcoin (BTC) bulls for placing bets at $20,000 and higher for the $600 million weekly options expiry on Nov. 18. After all, this level had provided a solid resistance since Oct. 25 and held for almost two weeks. However, the base scenario changed abruptly on Nov. 8 after a liquidity crisis halted withdrawals on the FTX exchange. The movement surprised traders and over a 48-hour timespan, over $290 million in leverage buyers were liquidated. Bitcoin/USD price index, 12-hour… Source link

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How Risky is It Thursday?

How Risky is It Thursday?

Litecoin achieves an average risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving… Source link

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Bitcoin price target now $13.5K as BTC trader says ‘exit all the markets’

Bitcoin price target now $13.5K as BTC trader says ‘exit all the markets’

Bitcoin (BTC) ranged around $16,500 on Nov. 17 as markets digested the latest events surrounding exchange FTX. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView FTX CEO tells of “complete failure of corporate controls” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD seeing only mild volatility at the Wall Street open. The pair showed acclimatization to events around the FTX insolvency, the latest including revelations that Alameda Research had been immune from… Source link

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