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While the focus of crypto investors has been on Bitcoin and Ethereum over recent days, Litecoin’s recent price performance has come into the public spotlight. From last week’s lows of approximately $55, the asset has surged just over 20% to $67 as of this article’s writing. The embattled Bitcoin fork has suffered from a multi-year…
Litecoin started a steady increase above the $50.00 and $60.00 resistance levels against the US Dollar. The price traded as high as $68.92 and it is currently correcting gains. There is a crucial bullish trend line forming with support near $65.20 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). A clear…
Against Bitcoin, Litecoin has not performed well since the highs of 2017 and 2018. As of this article’s writing, the price of LTC in Bitcoin terms is 0.0053 BTC — again, far from all-time highs. Analysts believe that LTC is set to outperform Bitcoin, though. They cite technical trends that show Litecoin is breaking higher…
Litecoin (LTC) has surged 42 percent in a three-week winning streak. But the rally showed signs of exhaustion upon testing a “huge falling resistance” for a breakout. LTC printed a so-called “bearish engulfing candle,” which, according to financial analyst Vince Prince, spells downside risks for the cryptocurrency. Litecoin is at risk of breaking lower after…
Crypto derivatives exchange, BitMEX, has announced the launch of Litecoin quanto perpetual contracts on its trading platform.We’re further diversifying trading opportunities with the launch of our fifth quanto swap – say hello to the LTCUSD quanto perpetual swap, launching on 30 July 2020. More details on our blog: https://t.co/ObYhgH86od pic.twitter.com/HhJydXNU4X— BitMEX (@BitMEX) July 21, 2020The…
For investors that lack the ability or drive to deal with opening an exchange account, acquiring exposure to assets like Bitcoin Cash, Litecoin, and the like is difficult. Yet on Monday, Grayscale Investments, a cryptocurrency asset manager based in New York, revealed that these barriers to entry are starting to fall.Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,”…
Litecoin retreated from the $50.00 resistance and found support near $45.00 against the US Dollar.The price is currently rising and it could surge if it clears the $48.00 resistance.There is a major bullish trend line forming with support near $46.50 on the 4-hours chart of the LTC/USD pair (data feed from Kraken).Bitcoin price could also…
As difficult it may be to believe, you’ve read that headline accurately – altcoins may finally be ready to break out against Bitcoin and bring the battered and beaten asset class more in line with the recovery the number one cryptocurrency has had.The first shot fired came today with the latest Bitcoin price flash crash,…
All throughout the crypto market, small-cap altcoins going on massive rallies brought back the return of talk about an impending altcoin season. However, a pair of coinciding sell signals triggering on Ethereum price charts likely brings what little, short-lived alt season that did take place to a conclusion already.Bitcoin and Other Major Crypto Assets Lead…
Crypto analysts use different tactics to try and predict future price movements in Bitcoin and altcoins. Due to the speculative nature of the emerging asset class, the study of emotion-driven impulses and corrections – called Elliott Wave Theory – can be particularly insightful.According to one crypto analyst that focuses solely on the practice of Elliott…