Litecoin

SBI Group launches crypto-asset fund for Japanese investors
Bitcoin, Litecoin

SBI Group launches crypto-asset fund for Japanese investors

Tokyo’s biggest finserv firm, SBI Group, will now allow general Japanese investors to purchase cryptocurrencies via its newly launched ‘crypto asset fund’. The fund is composed of seven cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Bitcoin Cash (BCH), Chainlink (LINK) and Polkadot (DOT). The crypto-asset fund, to be traded and operated by the SBI Alternative Fund, was established on Dec. 02 with a dedicated capital of 5 million yen, worth approximately $45,000 at the time of writing. However, the company may choose to release the capital in smaller break-ups of 1 million yen each. Source: SBIAccording to the official statement, investors will be required to go through an application process that includes an anonymous partnership agreement with SBI Alte...
Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November
Bitcoin, Litecoin

Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November

A 37% November price rally in Litecoin (LTC) risks exhaustion as the “silver cryptocurrency” hints at forming a double top chart pattern.The classic bearish reversal setup appears when the price forms two consecutive peaks of almost the same height, with each upside move meeting with a strong correction toward a common support level, called the “neckline.”Typically, the price breaks below the support and falls by as much as the maximum height between the double top’s peak and neckline.So it appears, Litecoin is halfway through forming a double top pattern, as shown in the chart below.LTC/USD four-hour price chart featuring “double top” pattern. Source: TradingViewIn detail, LTC’s price peaked out on Nov. 10 near $295.50 — the first top — before correcting lower toward the neckline sup...
Top 5 cryptocurrencies to watch this week: BTC, LTC, LINK, VET, AXS
Altcoins, Bitcoin, Litecoin

Top 5 cryptocurrencies to watch this week: BTC, LTC, LINK, VET, AXS

Bitcoin’s (BTC) bullish sentiment received a minor setback on Nov. 12 afte the Securities and Exchange Commission (SEC) rejected VanEck’s Bitcoin exchange-traded product that planned to track Bitcoin’s spot price.However, this negative development was followed by the successful activation of the Taproot soft fork on November 13. Bitcoin developer Hampus Sjöberg, who runs a Taproot dedicated website, told Cointelegraph that the “greatest win” was that Taproot showed that Bitcoin could do network upgrades and that was important for the longevity of the network.Crypto market data daily view. Source: Coin360Analysts from Decentrader also pointed out that Bitcoin’s last major upgrade was the implementation of Segwit in August 2017 and this was followed by a sharp rally from $4,00...
Litecoin hits 6-month high as LTC price soars 20% in 24 hours
Altcoins, Bitcoin, Litecoin

Litecoin hits 6-month high as LTC price soars 20% in 24 hours

Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears.#Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng— Holger Zschaepitz (@Schuldensuehner) November 9, 2021The 14th-largest digital asset rose by a little over 25% in three days, pushing its price to almost $250 on Coinbase. Meanwhile, the total value of cryptocurrencies reached nearly $3 trillion, the highest level ever.Bitcoin influenceLitecoin’s ongoing price rally drew inspirations from similar upside moves across the top digital asset brass, data from Cointelegraph ...
Will Litecoin hit $250 after rallying by more than 16% today?
Analysis, Litecoin, Price Analysis - Top 10 Crypto

Will Litecoin hit $250 after rallying by more than 16% today?

Litecoin has been struggling to hit the $250 mark in recent weeks but could reach the level after rallying by more than 16% today. The cryptocurrency market cap has hit the $3 trillion mark after numerous coins rallied over the past few days. Litecoin is one of the best-performing cryptocurrencies at the moment, rising by more than 16% over the past 24 hours. Despite its recent rally, Litecoin has struggled to break past the $250 resistance level. At the time of writing, LTC is up by 16.3% and is trading at $244.10 per coin. However, if it maintains the current momentum, then it could rally past the $250 resistance level over the next few hours. Key levels to watch The LTC/USD 4-hour chart is currently bullish, despite being 40% down from its current all-time high price. The technical indi...
Litecoin transactions near an all-time high after gaining ground in consumer finance
Altcoins, Litecoin

Litecoin transactions near an all-time high after gaining ground in consumer finance

The number of Litecoin (LTC) transactions has rebounded to over 140,000 in recent days after falling close to the 100,000 mark in early October. Three days prior, the Litecoin Foundation tweeted about the launch of its LTC Visa Debit card, powered by fintech firm Unbanked. According to the card's homepage, potential customers would first register for a Litecoin Card account, deposit LTC into a specific wallet address, pass a know-your-customer check, and receive a virtual Litecoin Card. The service claims that the sign-up process takes less than five minutes. The Litecoin card is meant to enable users to spend their LTC at all digital merchants that use Visa as their payment processor — a number the Litecoin Foundation estimates to be around 50 million. The day after, the Litecoin Fou...
Litecoin price analysis: LTC targets the $200 resistance point
Analysis, Litecoin, Price Analysis - Top 10 Crypto

Litecoin price analysis: LTC targets the $200 resistance point

The cryptocurrency market has performed well over the past few hours, with the prices of most coins up by more than 1%. The broader cryptocurrency market recorded gains over the past few hours, with BTC and others all rallying. BTC didn’t perform excellently as it is only up by 0.76% in the last 24 hours. Bitcoin continues to struggle below the $62k level.  Ether had found it hard to break past the $4,300 psychological level. ETH surged by 1.84% in the last 24 hours and is trading around $4,200 per coin when writing the report. Binance Coin (BNB), Cardano (ADA), Solana (SOL), Polkadot (DOT), XRP and Dogecoin (DOGE) are all trading in the green zone at the moment. Litecoin isn’t left behind despite losing its market position to other cryptocurrencies in recent months. LTC is up by 0.94...
Litecoin price analysis: LTC struggling to defend the $170 level
Analysis, Litecoin, Price Analysis - Top 10 Crypto

Litecoin price analysis: LTC struggling to defend the $170 level

The cryptocurrency market has continued its trend this week, with Bitcoin rallying while most of the altcoins are underperforming The cryptocurrency market has been experiencing a mixed performance since the start of the week. Bitcoin has been performing excellently and has recently broken past the $57,000 resistance level, thus paving the way for it to rally higher and target the $60,000 level. However, the majority of the leading altcoins are currently trading in the red zone despite Bitcoin’s excellent run. Ether, Cardano, Binance Coin, XRP, Solana, Polkadot and others are all recording losses at the moment. Litecoin is not left out as Bitcoin’s sister coin is down by more than 3% over the past 24 hours. It could record further losses if the current market conditions don't improve over ...
Litecoin price prediction: LTC targets $175 again after latest dip
Analysis, Litecoin, Price Analysis - Top 10 Crypto

Litecoin price prediction: LTC targets $175 again after latest dip

The cryptocurrency is enduring a mixed start to the day, with some coins rallying while others are trading in the red zone The cryptocurrency market is having a mixed start to the day, with Bitcoin currently rallying while some altcoins are underperforming. Bitcoin is currently up by 3.5% and is looking to surpass the $50,000 resistance level at any moment. Its weekly gains are now closing in on 20% following its rally yesterday. Ether is also up by less than 1% and is close to surpassing the $3,400 mark. Binance Coin (BNB) has overtaken Cardano (ADA) to become the third-largest cryptocurrency by market cap after rallying by nearly 30% over the past week compared with ADA’s 4% weekly gains. However, some altcoins like Solana (SOL), Terra (LUNA), Uniswap (UNI) and Avalanche (AVAX) are all t...
Evolve or die: How smart contracts are shifting the crypto sector’s balance of power
Altcoins, Litecoin

Evolve or die: How smart contracts are shifting the crypto sector’s balance of power

One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to their previous glory. During the 2017–2018 bull market and initial coin offering (ICO) boom, which was driven by Ethereum network-based projects, all manner of small smart contract-oriented projects rallied thousands of percentage  to unexpected highs. During this time, projects like Bitcoin Cash (BCH), Litecoin (LTC), Monero (XMR) and ZCash (ZEC) also rotated in and out of the top 10 ranking, but to this day, investors still argue about which project ...