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A popular crypto strategist and trader says a potential shift that could end Bitcoin’s (BTC) multi-month downtrend is on the horizon. Crypto analyst Kevin Svenson tells his 69,200 YouTube subscribers that Bitcoin is on the verge of taking out its diagonal resistance that has kept the market bearish since November 2021. “This long-term [downtrend line], from $69,000 all the way down on the linear scale, we’re potentially at breakout point to break the macro downtrend on… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Litecoin price has breached a descending trend line with impulsive-looking price action.  The 200-week moving average is currently priced at $100. Invalidation of the bullish thesis is a breach below $51. Litecoin price is showing bullish short-term technicals. Key levels have been identified.  Litecoin price on its way back to $120 Litecoin price could be setting up for a powerful move in the coming weeks. Since August’s final days, LTC has presented two alternative scenarios with… Source link

Bitcoin has become a popular concept, so understanding it is essential. Everyone wants to make money, but no one has the means to do so. It is because the cryptocurrency market is a little bit twisted for the people who are newcomers to it. If you wish to become billions of dollars from the cryptocurrency market, perhaps understanding the crypto space is the first thing you need to do. The more important reason for understanding the cryptocurrency market is that it will be the future of… Source link

Source: Wit Olszewski / Shutterstock.com Litecoin (LTC-USD) price predictions are worth checking on today as the crypto trends as users on StockTwits discuss its potential. The interest in LTC comes as it sees a roughly 57.7% increase in trading volume this morning when compared to the prior 24-hour period. With that increase in trading volume, it makes sense that social media users are taking note of the crypto. But investors will note that there’s no specific news from the… Source link

There’s a version of the future that’s tantalizingly possible in which Ethereum becomes the base layer for pretty much everything. Recent advances in a technology called zero-knowledge Rollups — from StarkWare, Polygon and zkSync — enable the blockchain to move from fewer than 20 transactions per second to… well, an infinite number of TPS. In theory, it would allow the entire world’s financial system to run on Ethereum. “I think it’s theoretically possible,” explains Declan… Source link

Litecoin price has staged a strong recovery in the past few days as cryptocurrencies and stocks bounced back. LTC rose to a high of $70, which was the highest level since June 6, which was about 65% above the lowest level this year. Cryptocurrencies rebound Litecoin is a leading proof-of-work (PoW) that is often seen as a good viable alternative to Bitcoin. It has better features than BTC such as faster speeds and lower transaction costs. There are several reasons why Litecoin price has staged… Source link

Huobi to Delist Seven Privacy Tokens, Including Monero (XMR) and Zcash (ZEC) Huobi, one of the world’s leading crypto exchanges, has announced that it will delist seven seven privacy tokens in order to achieve compliance with tightening financial regulations. Huobi Delist Privacy Tokens Huobi announced on Monday, September 12, that it would delist privacy tokens from its exchange, including (DSH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC) and Horizen (ZEN)… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Text size Crypto prices are likely to swing in step with stocks after the release of inflation data. Dreamstime … Source link