Cryptocurrency

Litecoin price is gaining momentum above $60.00 against the US Dollar. LTC is likely to continue higher (similar to bitcoin) towards $70.00 or $75.00 in the near term. Litecoin started a strong rally above the $55.50 and $58.00 resistance levels against the US Dollar. The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $54.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The bulls seem to be aiming a larger rally towards the $70.00 resistance zone. Litecoin Price is Gaining Bullish Momentum This week, bitcoin price started a strong rally above $14,000 and $15,000, but altcoins lacked momentum. However, they started picking up momentum, and recently, there was a decent increase in Ethereum, ripple and litecoin against the US Dollar. A strong support base was formed near $52.00 before litecoin price started a strong rally. There was a break ...

Ethereum Ethereum fell by 1.48% on Sunday. Reversing a 0.74% gain from Saturday, Ethereum ended the week up by 7.37% to $406.46. A bullish start to the day saw Ethereum rise to an early morning intraday high $417.86 before hitting reverse. Ethereum broke through the first major resistance level at $417.25 before sliding to a late afternoon intraday low $402.92. Falling through the first major support level at $407.65, Ethereum found support to wrap up the day at $406 levels. The second major support level at $402.73 limited the downside on the day. At the time of writing, Ethereum was down by 0.37% to $404.94. A bearish start to the day saw Ethereum fall from an early morning high $406.60 to a low $404.34. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to move through the $409.08 pivot to support a run at the first major resistance level at $415.24. Support from the broader market would be needed, however...

Ethereum Ethereum rallied by 2.74% on Sunday. Following on from a 0.8% gain on Saturday, Ethereum ended the week up by 1.12% to $378.58 It was a bullish end to the week. Ethereum rallied from an early morning intraday low $367.31 to a final hour intraday high $378.69. The day-long rally saw Ethereum break through the first major resistance level at $371.51 and the second major resistance level at $374.55. At the time of writing, Ethereum was down by 0.11% to $378.16. A mixed start to the day saw Ethereum rise to an early morning high $379.94 before falling to a low $378.01. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to avoid a fall through the $374.86 pivot to support a run at the first major resistance level at $382.41. Support from the broader market would be needed, however, for Ethereum to break through to $380 levels. Barring an extended crypto rally, the first major resistance level would likely ...

Ethereum Ethereum rose by 0.98% on Sunday. Following on from a 1.48% gain on Saturday, Ethereum ended the week up by 6.23% to $374.38. A bearish start to the day saw Ethereum fall to an early morning intraday low $369.02 before making a move. Steering clear of the 37.2% FIB of $367 and the first major support level at $363.58, Ethereum rallied to a late morning intraday high $377.49. Falling short of the first major resistance level at $379.37, Ethereum slipped back to end the day at $374 levels. At the time of writing, Ethereum was down by 0.10% to $374.02. A Bearish start to the day saw Ethereum fall from an early morning high $348.38 to a low $373.80. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to avoid a fall through the $373.63 pivot to support a run at the first major resistance level at $378.24. Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high...

Robinhood is a platform for trading cryptocurrencies. Based in San Fransisco, the company offers services in five states in the U.S. — California, Massachusetts, Missouri,  Montana, and New Hampshire. The platform allows users to buy and sell cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and other digital assets. The platform also offers its users a commission-free investing and trading app.  Investors need to have an account with Robinhood to be able to buy or sell digital assets on its platform. Buying crypto on Robinhood is different from buying on other exchanges. Robinhood allows investors to buy and sell in fraction amounts without buying full coins.

Key Takeaways David Burkett, the lead developer behind the integration, released a closed testnet version for LTC.  The final integration with LTC mainnet is not expected until next year.  Burkett is planning to propose a MimbleWimble (MW) proposal for Bitcoin as well.   Share this article The much-anticipated privacy upgrade for Litecoin edges closer as the launch of its MimbleWimble testnet is now live. It is a limited test version accessible only to developers, with mainnet launch due next year.  Making Litecoin Private  MimbleWimble on Litecoin is an update that will implement extension blocks to Litecoin’s primary chain allowing users to hide transactions and user identities.  #MWEB pic.twitter.com/qWiVFkhMKK — Charlie Lee [LTC⚡] (@SatoshiLite) September 30, 2020 Although announced in early 2019, progress on MW did not begin until David Burkett, the developer of Grin++, took over in December 2019. Since then, Burkett and the Lite...

Ethereum Ethereum fell by 1.01% on Monday. Reversing a 1.06% gain from Sunday, Ethereum ended the day at $353.91 It was a bullish start to the day. Ethereum rallied to a midday intraday high $368.52 before hitting reverse. The early rally saw Ethereum break through the first major resistance level at $364.74 and the 38.2% FIB of $367. The reversal saw Ethereum slide to a final hour intraday low $351.88. While falling back through the 38.2% FIB and the first major resistance level, Ethereum steered clear of the major support levels. At the time of writing, Ethereum was up by 0.25% to $354.79. A mixed start to the day saw Ethereum fall to an early morning low $351.65 before rising to a high $355.34. Ethereum left the major support and resistance levels untested early on. For the day ahead Ethereum would need to move through the $358.10 pivot to support a run at the first major resistance level at $364.33. Support from the broader market would be needed, however, for Ethe...

The Hourly View for LTC Last Updated September 29, 2020, 15:15 GMT Currently, LTC’s price is down $-0.05 (-0.11%) from the hour prior. LTC has seen its price go down 8 out of the past 10 hours , thus creating some compelling opportunities for bears. 1 Of note is that the 100 and 50 hour changed directions on LTC; they are now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders . Litecoin Daily Price Recap Litecoin is down 1.87% ($0.86) since yesterday, marking a reversal from the day prior — and the end of a 4 day positive run. The price move occurred on volume that was up 82.27% from the day prior, but down 31.27% from the same day the week before. On a relative basis, Litecoin was the worst performer out of all 7 of the assets in the Top Cryptos asset class during yesterday. H...

While Bitcoin briefly spiked to climb to $11,179 on the charts, it had fallen to trade at $10,944, at press time. A rising Bitcoin, accompanied by rising Bitcoin dominance, showed that altcoins were overextended in the month of August and are now either retracing gains made or consolidating for a next move upwards. Litecoin was in a phase of consolidation, while BAT looked likely to slide down south. Further, STEEM formed a bullish pattern but strongly invalidated the pattern as it dipped, with further losses likely for the crypto-asset. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin showed a significant lack of movement on the 4-hour chart. The crypto-asset also lacked significant trading volume, a sign of a period of consolidation beckoning the cryptocurrency. The same was highlighted by the fact that the  Bollinger Bands  were converging around LTC’s price. In fact, LTC appeared to be inching upwards, forming a series higher lows since the brief market coll...

Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price  The digital silver, Litecoin has been stuck under the $50-level for the past few days now, with its immediate resistance on the charts marked at $49.68. While the downward pressure in the market has been pushing the value of LTC lower, a change in the prevailing price trend could be seen for Litecoin, at the time of writing. Source: LTC/USD on TradingView Litecoin’s price has been forming lower highs and lower lows on the charts over the past few days. Such price movement was highlighted by a descending channel pattern, one that suggested a breakdown in the crypto-asset’s price. However, at the time of writing, the market appearance seemed to be changing for the better. LTC’s 50-moving average, while it once remained dominant above the candlesticks, soon moved under the price candles. With the price exhibiting minimal deflec...

Development on Litecoin’s upcoming privacy and scalability implementation, MimbleWimble, continues to be smooth and faces no potential delays ahead of a testnet launch later this month, the Litecoin Foundation confirmed in a release.  The. Litecoin MimbleWimble August update is here!https://t.co/zHY6O1TFAG — Litecoin.com (@LitecoinDotCom) September 3, 2020 Litecoin made faster and more secure For the uninitiated, MimbleWimble—a Harry Potter reference—was first proposed in 2016 to fill privacy lapses in the Bitcoin protocol. The latter gives away transactional information that allows firms like Chainalysis to tie transactions to an individual. But last year, Litecoin founder Charlie Lee said better, and more confidential transactions were soon coming to Litecoin: Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy. I am now focuse...

Bitcoin is the most well-known cryptocurrency, and apart from bitcoin, there are many other types of coin. I am sure if you are reading this article, then you must have heard of Litecoin.  Bitcoin, amongst the cryptocurrencies, was invented first, but now there are many other cryptocurrencies. Litecoin was invented after bitcoin, and it was invented in a manner that it could be a better coin than bitcoin. You can invest in bitcoins via this link Today in this article, I will discuss the difference between Litecoin and Bitcoin, and I hope it will help you.  Bitcoin Vs Litecoin As we all know that both bitcoin and the Litecoin’s are different types of cryptocurrency, there are some similarities between both that you must know. The crowd over bitcoin is enormous, and day by day, it has been increasing. Hence it would be a great idea to invest in Litecoin rather than in Bitcoin.  Let’s check what has actually happened.  Bitcoin Vs Litecoin – In Transaction Speed...

Following the launch of Revolut’s new crypto exchange in the U.S. the company has added bitcoin cash and litecoin support. Alongside bitcoin and ethereum support, the trading platform’s added coins provide Revolut users with the ability to buy, store, and sell four different digital assets. Six weeks ago, Revolut launched a new exchange in the United States and initially, the platform supported bitcoin (BTC) and ethereum (ETH). Today Revolut has added bitcoin cash (BCH) and litecoin (LTC) support to the exchange’s roster of listed crypto assets. Revolut says the trading platform frictionlessly allows users to swap digital assets at the tap of a button. Revolut has 13 million customers worldwide and roughly a million users are trading on a regular basis. “Monthly crypto volumes are in the hundreds of millions of dollars,” the firm detailed during the BCH and LTC support announcement. Moreover, the company says that around 5,000 daily signups are attributed to its crypto service. ...

Litecoin seems to be on the receiving end of the altcoin onslaught. In the past two months, Litecoin has been pushed down in the top-10 coins in the market by two individually surging contemporaries, Cardano back in July and Chainlink now. Digital silver now occupies the 9th spot with a market capitalization of $3.79 billion, between ADA and BNB.  In terms of the short-term hourly chart of LTC, the prospects for it to ride on Bitcoin’s coattails as the latter surges past $12,000 is dim. Since dropping by almost 12 percent in an hour on August 2 when Bitcoin fell into the ‘bull trap’ losing 8 percent of its price, the altcoin has not managed to rise above since. It began trading in an ascending triangle, in the short term, trying and failing to break out of the resistance at $60.48.  Source: LTCUSD via Trading View After a steady increase with higher highs and higher lows, on August 7, another drop pushed the price down from $60 to $56 in a few hours. Since this drop, t...

Digital silver’s golden run has hit a major bump thanks to digital gold. Litecoin, the seventh-largest cryptocurrency in the market with a market capitalization of $3.8 billion saw its price shoot up over the past week, as Bitcoin surged over $10,000 and above. However, with the recent backtrack in the latter’s price, losing 7 percent in an hour, Litecoin’s price has also hit a snag.  For most altcoins now, a drop is inevitable, how they survive it is a matter of not only how closely their price is tied to Bitcoin, but also if they have enough momentum going to prevent a dump. In the short-term, Litecoin saw a massive dump between 0400 to 0500 UTC, falling from $65.09 to $58.96, with the shadow of the 4-hour candlestick slumping as low as $52.44. Given the severity of the drop and the uptick in volume, Litecoin will struggle for the next week or so to recoup the gains, if there’s no trend reversal coming from the Bitcoin market.  Source: LTCUSD via Trading View In orde...

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Disclaimer: The findings of the following article attempt to analyze the evolving trends in the long-term Litecoin market and its impact on the crypto’s price Litecoin has been noting significant gains on the charts recently, with LTC’s market cap boasting strong growth as well. In fact, according to CoinMarketCap, Litecoin’s market cap of $3.89 billion pushed it higher on the charts, with LTC now positioned seventh on the list. With volatility sneaking back into the Litecoin market, the cryptocurrency seemed to be well-positioned to rise even further. Source: LTC/USD on TradingView The 6-hourly chart for Litecoin [LTC] noted the trading value of the digital asset at $59.88 as it formed part of an ascending channel. The price of LTC had been rallying since 21 July, with spurts of growth forming higher highs and higher lows. While the price action remained contained, the channel remained indecisive about the direction of the breakout for the coin. Even though, the price from an...