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Litecoin receives an average risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver… Source link

Litecoin price action undergoes some profit-taking around the crucial technical indicator. LTC set to continue on the wings of the relief rally after some positive signals out of Moscow. Expect the relief rally to continue over into the end of the week, with around 11% of gains on the table. Litecoin (LTC) price formed a big bullish candle yesterday as a relief rally sparked by news that Russia will pull back some of its troops from the Ukrainian border took place… Source link

Litecoin’s (CRYPTO: LTC) price has decreased 3.71% over the past 24 hours to $126.85, continuing its downward trend over the past week of -8.0%, moving from $138.49 to its current price. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the… Source link

Outside of major cryptocurrencies, metaverse tokens continued to surge on Wednesday. In the past 24 hours Decentraland’s MANA was up 10.5%, The Sandbox’s SAND up 6%, and Axie Infinity’s AXS up 11%. The tokens are used for blockchain-based games in separate virtual worlds broadly referred to as a “metaverse.” Source link

A recent price recovery in the Bitcoin (BTC) market risks getting erased due to an eerie fractal from 2018. Bitcoin price cycle similarities First spotted by CryptoBullet, an independent market analyst, the fractal shows Bitcoin recreating an inverse head-and-shoulders (IH&S) pattern that preceded its price decline toward $3,100 later in December 2018. As a result, anticipations that BTC’s price will undergo similar declines in 2022 might grow.  That is primarily because of the strikingly… Source link

The price of Litecoin (LTC) stays in between the moving averages. The last time Litecoin experienced a similar upward trend, it peaked at $144 when the altcoin dipped below the 50-day moving average. Additionally, the virtual currency is trading above the 21-day line but under the 50-day line. By implication, the LTC price will remain in between the moving averages. Litecoin Price Looks to Have a Bullish Run in the Long-Term Once the moving average lines are broken… Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Bitcoin (BTC) broadly held levels at $44,000 and above on Feb. 16 amid fresh optimism that another macro low would be avoided.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView OBV sparks 2021 recovery comparisons Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding after an overnight dip to $43,725 on Bitstamp. In a tightening range, the pair looked increasingly primed for a breakout up or down Wednesday, as support and resistance levels stayed within a… Source link

New data reveals that the Ethereum network gained 18.36 million addresses with a balance greater than zero in 2021. That works out to an astonishing growth rate of 1.53 million new addresses per month, but competition is becoming increasingly fierce for market share. Blockchain intelligence firm IntoTheBlock shared its findings about Ethereum in a Feb. 15 tweet. #Ethereum users growth in a nutshell A good way to track the adoption is by following the number of addresses with a balance – There… Source link

Yet, Seth Ginns, managing partner and head of liquid investments at crypto investment firm CoinFund, struck an optimistic note for crypto during a discussion on CoinDesk TV’s “First Mover” show. Ginns noted that the Fed had proceeded cautiously after a stronger-than-expected jobs report earlier this month and that crypto markets on Tuesday “shrugged off” the high PPI number. “Things are not slowing as much as expected, which meant there’s no reason to think that the Fed is going to be data… Source link