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Litecoin (CRYPTO: LTC) is trading slightly lower Thursday and looks as though it is forming a bottom. The crypto has been moving sideways for a couple of weeks after seeing a strong bearish market and could be turning around. The crypto market as a whole is seeing a red day today with many cryptos falling slightly. Litecoin is up 0.25% over 24 hours at $109.13.  See Related: Is Litecoin Due For A Reversal Soon? Litecoin Daily Chart Analysis The crypto looks to be trying to… Source link

Text size Bitcoin has a supply of tokens that don’t respond to changes in price or demand. Dreamstime Bitcoin… Source link

What happened Today’s price action among top cryptocurrencies Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) certainly has investors on edge. As of 11:30 a.m. ET, these tokens have declined 1%, 0.7%, and 1.5%, respectively. As in previous weeks, high correlation among these top tokens and higher-risk equities appears to be the fundamental driver of this underperformance today. Following rather underwhelming results… Source link

Litecoin has acted resiliently to a market-wide sell-off this week as it keeps its head afloat above the $100 level of support. It is now the 21st largest cryptocurrency by market cap with a valuation of $7.5 billion. Despite a notable bounce from $105, trade volume has subsided over the past 24-hours with just $723 million being traded across all exchanges. The direction of Litecoin as it approaches the weekend will also depend on whether Bitcoin can rally back to the… Source link

Image source: Getty Images The second-largest crypto by market capitalization continues to quietly build its case for a potential breakout this year. Key points Ethereum’s current price action is trading at a 46% discount off its peak. It is maintaining share in popular NFT and DeFi arenas… Source link

Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has dropped 2.85% to $108.13. InvestorsObserver is giving Litecoin a 14 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 14, placing it in the bottom 14% of cryptos on the market. The… Source link

“We do hope that all companies in this space continue to take the kind of transparent and secure approach that we know is possible,” he said in an interview. “That’s the unique thing about this industry, right? It’s not even possible in the older financial system to do something like this.” Source link

Bitcoin price breaks below the short-term uptrend and looks set to dip further. Ethereum price is similar and breaks below crucial support and short-term trend line. XRP price is set to make a bearish break out of a pennant, possibly set for more losses. The whole cryptocurrency space contained losses for now as Meta earnings issued a warning and rattled the Nasdaq index with losses in the ASIA PAC and European session. These negative headwinds spill over to… Source link

Read enough about Bitcoin, and you’ll inevitably come across people who refer to the cryptocurrency as a religion. Bloomberg’s Lorcan Roche Kelly called Bitcoin “the first true religion of the 21st century.” Bitcoin promoter Hass McCook has taken to calling himself “The Friar” and wrote a series of Medium pieces comparing Bitcoin to a religion. There is a Church of Bitcoin, founded in 2017, that explicitly calls legendary Bitcoin creator Satoshi Nakamoto its… Source link