on the cusp of a major breakout

The Litecoin (LTC/USD) price popped in the overnight session as cryptocurrency prices rallied. The LTC coin is trading at $184, which is about 31% above the lowest level in September. Cryptocurrencies rebound Litecoin is a peer-to-peer cryptocurrency that works in a similar way to Bitcoin. It is a first-generation currency that was created to provide better services than Bitcoin. This means that it has a faster speed than Bitcoin, which is known for its congestion. It… Source link

Read More »

Bitcoin-related altcoins surge as BTC ETF rumors spread across the sector – Cointelegraph

On Oct. 14, bulls flexed their muscles and showed their intent to push the price of Bitcoin (BTC) closer to its $65,900 all-time high. One reason for the move is the steady chatter about the possibility of a Bitcoin exchange-traded fund (ETF) being approved by the end of October.  Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $54,103 on Oct. 13, the price of Bitcoin rallied 8.2% to an intraday high of $58,532 on Oct. 14 as the ETF discussion made fresh… Source link

Read More »

Ethereum price hits $3,800, boosting bulls’ control in Friday’s ETH options expiry

Ether (ETH) entered a slightly bullish channel earlier this month, and currently the price is marching toward the $3,800 level. Despite the recent turbulence, Ether bulls are set to bag a $53 million profit on this Friday’s weekly options expiry.  Investors also appear to be disinterested in Ether’s recent underperformance versus Bitcoin (BTC), and to date, the altcoin’s gains stand at 265%. If Ether manages to stay above $3,600 on Friday, 99% of the $180 million put (sell) options will… Source link

Read More »

What else is moving as Bitcoin price inches toward a new ATH?

Bitcoin (BTC) is hot and clearly in the hands of bulls. Yes, eventually an exchange-traded fund (ETF) is coming and after that a $100,000, no $120,000, scratch that, $150,000 BTC price will be on the board.  Blah, blah, blah. Anyone logging onto crypto Twitter is going to be bombarded with all this bullish drivel straight from the jump and that’s great, we’re all happy Bitcoin is doing well. I’ve been a holder since early 2016 so of course, I’m happy. But, isn’t there more to crypto… Source link

Read More »

Bitcoin $100,000 may be conservative, analyst says

JPMorgan CEO Jamie Dimon said recently bitcoin is worthless. Morgan Stanley CEO James Gorman said Thursday crypto isn’t a fad, but isn’t sure on the outlook for prices.  Jurrien Timmer, Fidelity’s director of global macro, is more clear-minded on the direction for bitcoin: $100,000 by 2023.  “So this move up [in bitcoin] has come without the help of momentum chasers, which I think is a good sign because it means there is something else making bitcoin go up. And, that is fundamental demand… Source link

Read More »

Why Bitcoin Will Rise to $98K After Reaching Previous Highs: Strategist

Bitcoin has bounced back from a significant slump in recent weeks. Dave Keller of Stockcharts.com thinks it will return to previous highs of $64,000. He also broke down for Insider why bitcoin is likely a better bet than ethereum right now. Once again, bitcoin is on the come up. After hitting its all-time-high above $64,000 in April, the cryptocurrency plummeted 53%, all… Source link

Read More »

Latest Ethereum price and analysis (ETH to USD)

Ethereum is making a serious move to re-test the $4,000 level of resistance following a sensational 35.96% push to the upside since the start of the month. The world’s second-largest cryptocurrency has regained a bullish posture on all timeframes after breaking out of September’s downtrend, which saw it slump from $4,000 to as low as $2,500. If Ethereum can break the psychological level at $4,000 before the month is over, it will likely drive towards a new all-time high above $4,400 before… Source link

Read More »

Ethereum price ready to break top line and target $4,085

Ethereum price saw bulls entering at the monthly pivot near $3,429. Price action to the upside got rejected at the monthly R1 resistance level at $3,836 and just a few bucks shy of the red descending top line.  With bulls taking the upper hand this week, expect a further continuation with a break of the red descending trend line and a retest of $4,085. Ethereum (ETH) price is on the verge of breaking higher after the first week of October offered bulls an… Source link

Read More »

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 14th, 2021

Ethereum Ethereum rallied by 3.38% on Wednesday. Reversing a 1.46% decline from Tuesday, Ethereum ended the day at $3,608.21. A mixed start to the day saw Ethereum slide to an early afternoon intraday low $3,412.45 before making a move. Finding support at the first major support level at $3,413, Ethereum rallied to a late intraday high $3,614.48. Ethereum broke through the first major resistance level at $3,559. Coming within range of the second major resistance level at $3,627, however, Ethereum… Source link

Read More »

LTC needs to clear one hurdle for 30% ascent

Litecoin price has been on a slow and steady uptrend after finding a stable platform at $177.90. A flip of the $189.75 resistance level into the support floor will likely trigger a 30% ascent to $232.94. If LTC breaks below $163.89 will invalidate the bullish thesis. Litecoin price has been consolidating below a stiff resistance barrier for 36 days. However, LTC seems to have mustered up the strength and is attempting to cross this hurdle and trigger a new… Source link

Read More »