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This week, we take a closer look at Ethereum, Ripple, Cardano, Tron, and Litecoin. Ethereum (ETH) Ethereum’s volatility increased this past week but failed to break above the key resistance at $1,820. For this reason, the price is at a similar point to last week. This consolidation under the key resistance is unlikely to last, […]
Litecoin price is up 10% this week, and more than 40% since its big brother Bitcoin began soaring amid the banking crisis. This could be barely a glimmer of what’s to come, according to a potential Elliott Wave Principle chart pattern called an expanding ending diagonal. Keep reading to learn all about this pattern, why [...]
The post Why Litecoin Could Be Gearing Up For Its Greatest Rally Since 2017 appeared first on Crypto Breaking News.
The Canadian University of Dubai joined forces with Binance to allow payments in BTC, ETH, and other crypto assets.
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
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) In the past week, Ethereum consolidated its price above the key support at $1,240 by moving sideways, which did not allow it to diverge much compared to seven days ago. However, this price action made a higher low […]
Litecoin continues to move higher with a total disregard for the current bear market. Could this be the start of a broader recovery? Key Support levels: $74, $64 Key Resistance levels: $95, $105 Litecoin’s price action is getting closer to deleting a lot of the losses marked throughout the ongoing bear market, and it’s on […]
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) Ethereum has failed to break the key resistance at $1,230 and has entered into a correction that appears to continue the bearish price action. ETH also lost 0.8% of its valuation in the past seven days, and sellers […]
Litecoin is the surprise of this bear market, being one of the first coins to have a breakout and showing tremendous strength. Key Support levels: $73, $64 Key Resistance levels: $82, $95 After a long consolidation since June, Litecoin has broken above this ascending triangle (pictured) that took months to form. In the process, the […]
Litecoin decoupled and is currently showing signs of more gains ahead of its third halving event.
Five South Korean crypto exchanges have delisted Litecoin after users adopted the MimbleWimble upgrade.
The alerts by UpBit and Bithumb comes just two days after privacy opt-ins was activated on the Litecoin blockchain.
By partnering with AntPool, the Litecoin Foundation has established LTC Tabs to get into the decentralized application industry.
After posting great gains last year, Cardano's (ADA) rally has come to a halt, but on the network side, on-chain activity may be picking up.
Most of the crypto market has calmed after the highly volatile and positive Saturday. Bitcoin stands above $41,000.
While bitcoin managed to add $1,000 in the past 24 hours, Litecoin jumped by 8% to just under $150.
Bitcoin failed at $52,000 and dropped by more than $3,000 in hours. Ethereum also lost some ground and stands beneath $4,000.
The crypto market cap is up by approximately $100B in a day as bitcoin touched $66,000 and ETH is above $4,700.
The cryptocurrency market capitalization is down by $100 billion in a day as bitcoin slumped to its weekly low.
Binance Coin has stolen the larger-cap show with an impressive leg up towards $600, while bitcoin has remained around $62,000 again.
While bitcoin has been rather calm since yesterday, DOT registered a new ATH and MANA tapped a double-digit price surge.
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