Litecoin long-term Price Analysis: 15 September

Disclaimer: The following article attempts to analyze the emerging trends in the Litecoin long-term market and its impact on price.  The Litecoin market has been witnessing increased volatility as it surpassed its immediate resistance at $49.5 and was being valued at close to $51. However, the digital silver could not hold on to this price for long and experienced a sell-off that pushed the price of the asset as low as $45. Even as the recovery effort was underway, LTC’s current price is… Source link

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Don’t expect another Bitcoin price ‘catastrophic dump’ — Analyst

Bitcoin (BTC) price trajectory is looking to favor bulls going forward, statistician Willy Woo believes as the market nears $11,000. In a series of tweets on Sept. 14, Woo highlighted strength in market composition and said that current price levels could be a useful entry point for investors. Woo: Little chance of “catastrophic” BTC price dump “Another impulse of coins changing hands has completed, the next directional move over the coming weeks is likely upwards,” he… Source link

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Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 15th, 2020

Litecoin Litecoin rose by 1.93% on Monday. Reversing a 1.65% decline from Sunday, Litecoin ended the day at $49.12 A mixed start to the day saw Litecoin fall to an early morning intraday low $47.15 before making a move. Steering clear of the first major support level at $46.64, Litecoin rallied to a late afternoon intraday high $49.66. Falling short of the first major resistance level at $50.38, Litecoin slipped back to sub-$49 levels before recovering to $49 levels. At the time of writing,… Source link

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More than $1B in Bitcoin has been tokenized for DeFi

More than $1 billion worth of Bitcoin (BTC) has now been tokenized to access decentralized finance (DeFi) protocols on the Ethereum (ETH) network. That’s equivalent to the entire total value locked (TVL) in DeFi less than four months ago. According to DeFi Pulse, roughly 98,300 BTC, worth $1.05 billion, has been tokenized using protocols other than Blockstream’s Lightning Network — equating to more than 12% of the DeFi’s sector’s $8.57 billion combined capitalization. Number of… Source link

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Bitcoin Prepares to Break $11,000 Resistance, Ethereum Ready to Fall

Key Takeaways Bitcoin is poised to advance another 7% past $11,000 based on patterns forming on its 4-hour chart. Ethereum could drop as much as another 35% based on momentum from its hard fall from yearly $480 highs. Overall uncertainty in the crypto market grows as prices continue to move sideways this September. Share this article Bitcoin looks ready to advance past $11,000 after a week of consolidation. Ethereum is projected to start falling again despite 10 days of slowly… Source link

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Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December

This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017. On September 14, researchers from the data analytics firm Skew.com tweeted about an unusual number of call options for December 2020 that are well above the 2017 ATH. “[December 2020] $28k, $32k, [and]… Source link

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Bitcoin market cap will match JPMorgan’s if the $16.5K CME gap closes

The sentiment around Bitcoin (BTC) has become noticeably positive after the breakout above $12,000 in August. If this momentum continuously strengthens over the medium term and BTC hits $16,500, it would equal JPMorgan’s market cap. Earlier today MMCrypto, an on-chain analysis firm, outlined major financial and tech conglomerates’ valuations relative to BTC’s potential price. At the following price points, Bitcoin would equal the market caps of the respective companies: BTC market cap… Source link

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MicroStrategy Board makes Bitcoin its primary reserve currency, may increase its holdings beyond $250M

MicroStrategy’s board of directors elected to make Bitcoin (BTC) the company’s primary reserve asset. The United States Securities and Exchange Commission disclosure stated that this may lead to the future expansion of the company’s cryptocurrency holdings beyond the original purchase of 21,454 BTC, equivalent to $250 million: “Bitcoin serving as the primary treasury reserve asset on an ongoing basis, subject to market conditions and anticipated needs of the business for Cash Assets,… Source link

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IRS Will Pay Up To $625,000 If You Can Crack Monero, Other Privacy Coins

HONG KONG, HONG KONG – SEPTEMBER 13: As A photo illustration of the digital Cryptocurrency, Litecoin … [+] (LTC), Monero (XMR), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Dash are seen on September 13 2018 in Hong Kong, Hong Kong. (Photo Illustration by Yu Chun Christopher Wong/S3studio/Getty Images) Getty Images When the Internal Revenue Service (IRS) signaled that it was getting serious about cryptocurrency, the agency wasn’t kidding. The IRS is… Source link

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potential Bitcoin scenario with low volatility until 2021

The price of Bitcoin (BTC) increased by 3% in the last 24 hours from $10,322 to $10,680. But BTC still faces a significant resistance level around $11,000 and has seen low volatility since Sep. 3. The declining open interest of the futures market and the stagnant spot market volume raise the probability of low volatility. Low volume, low open interest and major Bitcoin resistance ahead Technically, Bitcoin is in a position where it has risen above a crucial level at $10,570, which has… Source link

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