What Is Compound Ether (cETH)? A Decentralized Financial Protocol

What Is Compound Ether Compound Ether is a Decentralized Finance (DeFi) protocol founded by Robert Leshner and Geoffrey Hayes in 2018 after raising over $8 million in funding from venture capital firms, plus an additional $25 million in 2019 from some of the same and new investors. cETH is the cToken generated... Read More

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Could A Litecoin Fractal Foretell A New Bull Trend In Crypto?

The cryptocurrency market continues to feel the darkness of crypto winter, but it could be Litecoin bringing the blossom of a new bull trend, according to a an eerily similar fractal found in LTCUSD daily price charts.  The fractal pattern developed following the most recent pullback, and appears to have a similar structure to a major bull market breakout. Could this be the light at the end of the tunnel for cryptocurrencies? Hawkish Fed Dims Litecoin Rally, But A Fractal Gives Hope After a stellar month leading the market with 40% returns for November, Litecoin has given back nearly half of that thus far in December.  LTC had been on a tear, outperforming top coins like Bitcoin and Ethereum, and clawed its way closer toward making it back into the top ten cryptocurrencies ranked by market cap.  Related Reading: Bitcoin Volatility Explodes Around $18K Level, As Fed Reveals 50 Basis Point Rate Increase But the greater market pullback stemming from a hawkish Fed meeting this month, caused a failure to liftoff in Litecoin.   However, the discovery of a price action fractal in LTCUSD could suggest this recent pullback wasn’t necessarily a failure, but a refueling of sorts — before taking off in an even stronger rally.  The price action is strikingly similar then versus now | LTCUSD on TradingView.com Comparing Price Action Then Vs Now: Will Bulls Get A Break? The fractal begins on Black Thursday in March 2020 — a black swan event few saw coming. Litecoin rebounded and the fractal formed.  Unlike Bitcoin, which made a lower low during the FTX, LTCUSD hasn’t, and instead has followed the same pattern from 2020 almost flawlessly.  Price following the fractal further could lead to some minor continued downside, but ultimately holds at resistance turned support. If the current pullback proves to be a retest and holds, a more obvious rally could materialize. Related Reading: Litecoin Continues To Slide, Now Below Shiba Inu In Market Cap Failure would almost certainly send Litecoin back toward 2018 lows and potentially beyond, making the fractal among one of Litecoin bulls’ best hope for a redemption rally. Importantly, a concurrent reversal taking place in the LTCBTC and LTCETH trading pairs appear to indicate strength in the altcoin relative to the top two crypto assets. However, there is no telling what this might mean for the overall market at this time. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

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Bitcoin, XRP, & Ethereum: Three Top Coins On Brink Of Golden Cross

Bitcoin, XRP, and Ethereum — three of the cryptocurrency market’s most dominant coins — are about to simultaneously form a 3-day golden cross. This signal is rare, happening only a handful of times in the past in each individual asset. However, never have all three of these major cryptocurrencies triggered this signal all at the [...]

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Is It Lights Out For Litecoin As A Daily Death Cross Approaches?

Litecoin price has sank recently along with the greater crypto market, despite not being named a security by the US SEC. The downward pressure has the altcoin at risk of forming a death cross on the daily timeframe. Although the signal sounds ominous and often indicates a downtrend is coming, it might not be lights [...]

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These Top 5 Cryptos Are Thriving Despite A Slippery Market

As we navigate through this mixed-sentiment market, keeping an eye on these top 5 cryptos can be beneficial for your portfolio. These digital assets exhibit strength by defying the overall sentiment and have the potential for significant upside. The market has been sending mixed signals as Ethereum outpaced Bitcoin in terms of recent gains. However, [...]

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Litecoin Attempts To Revitalize The Crypto Market With Bullish Breakout

Litecoin could be single-handedly be saving the crypto market from further catastrophe. If an ongoing bullish breakout attempt is successful, it could revitalize cryptocurrency bulls across all assets. Why LTCUSD Is Poised To Lift The Crypto Market Back in early 2019, LTCUSD would often lead Bitcoin rallies. If Litecoin was pumping, you could be sure [...]

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