LTC contemplates 17% ascent after reclaiming crucial barrier

Litecoin price rose roughly 15% over the past two days, slicing through the $160.86 resistance level. A successful retest of this barrier coupled with the resurgence of the buyers could confirm a flip of this barrier into a support floor. Such a development is likely to trigger a 17% ascent, pushing LTC to $189. Litecoin price experienced the second flash crash, which bottomed on September 21. While the descent was steep, the recovery seems to be coming along well…. Source link

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Derivatives data favors Ethereum bulls even with this week’s crash below $3K

Ether (ETH) has been in a bearish trend since early September, and this week’s Evergrande-led market crash drove the price below $2,700 on Sept.20, its lowest level in 47 days. Curiously, just three weeks ago, Ether was testing the $4,000 psychological barrier, but this changed after mounting crypto regulatory concerns and the fear of China’s debt markets triggering a global sell-off intensified. This week United States Securities and Exchange Commission (SEC) Chairman Gary Gensler spoke to… Source link

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Why Dogecoin, Ethereum, and Bitcoin Popped Today

What happened Popular cryptocurrency Dogecoin (CRYPTO:DOGE) got a boost from a surprising source yesterday. Adam Aron, CEO of movie theater chain AMC, shared on social media about his company’s need to start accepting payments with the cryptocurrency. As of 2 p.m. EDT, Dogecoin was only up 1% over the previous 24 hours. However, it’s up roughly 10% from this week’s lows. The world’s two largest cryptocurrencies, Ethereum (CRYPTO:ETH) and Bitcoin (

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What Does The Chart Say Comes Next?

Bitcoin (CRYPTO: BTC) gained further utility on Thursday when Twitter Inc (NYSE: TWTR) announced its tipping feature will be available to all users and will offer an option for paying and receiving tips in the apex cryptocurrency. The option will be available on iOS soon and to Android users over the following few weeks. The Bitcoin Chart: Following the announcement, Bitcoin rose about 2.5% in the 45 minutes between 1 p.m. and 1:45 p.m. ET. The crypto then began to consolidate the move on… Source link

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Litecoin Crypto Has a Very High Comp Value Compared to Bitcoin

Litecoin (CCC:LTC-USD) is the 15th largest cryptocurrency, according to Coinmarketcap.com, with a $10.7 billion market capitalization. It is also one of the first blockchain currencies, emerging fairly soon after  Bitcoin (CCC:BTC-USD). Therefore, Litecoin crypto is likely to rise along with Bitcoin if it starts to recover. Source: Wit Olszewski / Shutterstock.com So far this year, LTC tokens have risen about 26% year-to-date (YTD). It ended last year at $126.23 on Dec. 31 and… Source link

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Bitcoin bulls make a run on $45K after Twitter debuts crypto tipping

Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the result of regulatory pressure on the crypto sector, the Federal Open Market Committee meeting on the Fed’s interest rate hikes and monetary policy, along with fears that the Evergrande situation would ripple out to impact global financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range between… Source link

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We got the “Pullback, Rally, Significant Pullback.” Expect a Rally Soon

It has been a month since I last provided my Elliott Wave Principle (EWP) based insights into Ethereum (ETH), so it is time to continue the story. Back then, see here and here, I was looking for a more minor degree 4th wave pullback to ideally $2865, then a 5th wave rally to complete a larger 1st wave top at ideally $3585, followed by a more significant 2nd wave pullback to ideally $2400-2600. See Figure 1 below. What transpired? Ether had a complex (red) intermediate wave-iv to $2952 (August… Source link

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Big investors are dumping bitcoin futures and pivoting to ethereum as expectations for the world’s largest cryptocurrency soften, JPMorgan says | Currency News | Financial and Business News

Ethereum and bitcoin. Jordan Mansfield /Getty Images Institutional investors are shying away from bitcoin futures as views on the top cryptocurrency soften, JPMorgan said. In September, bitcoin futures have traded below the price of an actual bitcoin, analysts said. Big investors have begun steadily pivoting to ethereum since August amid a “strong divergence in demand.” Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Big-money investors are… Source link

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Crypto of the Week: Monero

While Monero isn’t necessarily one of the most-talked-about cryptocurrencies, its consistent performance in recent years suggests that it has a staying power that many other crypto assets lack. XMR has grown in value by approximately 182 per cent over the past year, but if you’re considering adding it to your portfolio, there are a few things you should know beforehand. What is Monero?  At the high level, Monero is a more privacy-oriented take on bitcoin. Like bitcoin, Monero uses a… Source link

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Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K

The total amount of Ether (ETH) held by all the crypto exchanges fell to its lowest levels, just as its prices rose back above $3,000 per token on Sept. 23. Data collected by CryptoQuant, a blockchain analytics platform, showed that exchanges’ net Ethereum token reserves dropped to 18.533 million ETH, compared to 23.92 million ETH a year ago. Meanwhile, the cost to purchase one Ether rose from almost $349 to as high as $3,078, showcasing an inverse correlation between ETH reserves on… Source link

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