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InvestorPlace Assistant News Writer Brenden Rearick wondered in early May if Litecoin (CCC:LTC-USD) would keep moving higher after trading volumes were more than 140% higher than usual. Source: Wit Olszewski / Shutterstock.com My colleague provided LTC price predictions that ranged from $500 to $762 by the end of 2021. For a time, it looked as though these guesstimates would be pretty darn accurate as LTC shot up to an all-time high of $412.96 on May 10. And then the wheels fell… Source link

This photograph taken on April 26 in Paris shows a physical imitation of the Bitcoin cryptocurrency pictured with a one-dollar bank note. Cryptocurrencies like Bitcoin are plunging over a range of factors, including the spillover impact from falling stock markets and fears about increased regulations. Martin Bureau/AFP via Getty Images … Source link

Bloomberg Hedge Fund Picks at Sohn 2020 Show Perils of Covid Investing (Bloomberg) — To say investing is tricky during the pandemic would be an understatement. And so it has proved for many hedge-fund managers since last year’s Sohn Investment Conference in Hong Kong.Among those who made investment calls at the September event, Quintessential Capital Management’s Gabriel Grego was a winner after vouching for Japan’s Sun Corp., which owns an Israeli cybersecurity firm that’s going… Source link

Editor’s Note: This article is a part of our “Top Grad Stocks 2021” series, where our savvy market analysts recommend their best picks for new graduates’ portfolios. Check out “Money Moves for Recent Grads” for more finance advice and click here to see more stocks for your must-buy list. Source: Wit Olszewski / Shutterstock.com Despite the recent decline in price, Litecoin (CCC:LTC-USD) has been one of the strongest cryptos of 2021. So far for the year, LTC is up over… Source link

Bitcoin regained some lost ground to trade near $40,000 on Thursday, a day after a brutal selloff on concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world. The biggest and most popular cryptocurrency rose nearly 14% to $42,000, after plunging 14% on Wednesday to its lowest since late January. Smaller rival ether was up 20% at $2,935 at 1313 GMT, after its 28% tumble. Those bounces came after prominent crypto backers such as… Source link

Litecoin price lost nearly all the gains incurred since the beginning of the year. It registered a historical market value drop of roughly 60% on May 19.  LTC recovered a crucial support level at $195, generating an optimistic outlook to continue the uptrend. Litecoin price continues holding above a crucial support level despite the erratic behavior seen recently. A spike in buying pressure can be expected after most overleveraged traders were flushed out of the… Source link

Photo by Martin BUREAU / AFP via Getty Images Text size Bitcoin edged higher on Thursday after plunging to its lowest level since February on Wednesday. The previous day’s rout sparked a wider selloff among cryptocurrencies and stocks that have benefited from crypto’s surge. After an 11% drop on Wednesday… Source link

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He stressed, however, that it’s “notoriously hard to predict” when bubbles will pop. “It could have ended already,” Buterin said. “It could end months from now.” By Wednesday morning, ether, the in-house currency on the network Buterin invented, crashed below $1,900 — a staggering drop of more than 40% from Tuesday night, according to Coinbase. Ether rebounded to around $2,700 Thursday morning, but that’s still down sharply from the record high of $4,384 on May 11. The nosedive may have cost… Source link

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