Litecoin

Top 5 cryptocurrencies to watch this week: BTC, LTC, ICP, THETA, FTT
Altcoins, Bitcoin, Litecoin

Top 5 cryptocurrencies to watch this week: BTC, LTC, ICP, THETA, FTT

Bitcoin’s (BTC) rally above $45,000 suggests that the short-term sentiment has turned positive and this has increased buying interest across the board and pushed the total crypto market capitalization above $1.8 trillion.Driven by the tailwind of the London hard fork, Ether (ETH) broke above the $3,000 mark on Aug. 7. While the rally in the biggest altcoin is a positive sign, on-chain data shows the possibility of profit-booking in the short term.Glassnode’s "Ethereum: Percent of Addresses in Profits" indicator has risen above 96.4%, which is the “red zone, historically associated with local tops," according to Lex Moskovski, the chief investment officer at Moskovski Capital.Crypto market data daily view. Source: Coin360While the near-term price action may remain volatile, the long-term pi...
Weekly analysis: Ripple, Litecoin and IOTA end the week on a high
Analysis, Litecoin, Price Analysis - Top 10 Crypto

Weekly analysis: Ripple, Litecoin and IOTA end the week on a high

A poor start to the week could end in profits as the broader cryptocurrency market turns things around The cryptocurrency market had a poor start to the week, with Bitcoin dropping below $38,000 while Ether slipped below the $2,300 mark. However, the broader cryptocurrency market has managed to turn things around, with Bitcoin currently trading above $41,000 and Ether edging closer to $3,000. Ripple (XRP), Litecoin (LTC) and IOTA (MIOTA) are also ending the week on a positive note following a poor start. The wins could be extended during the weekend if the broader crypto market continues this fantastic run. XRP price outlook XRP is the poor performer amongst the three, down by 2% over the past week. However, its performance over the past 24 hours could boost the bulls to embark on a bigger...
Price analysis 7/30: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 7/30: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin (BTC) and most major altcoins seem to be faltering near their respective overhead resistance levels. This suggests that some investors are continuing to sell at higher levels.However, 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big transfer volumes from over-the-counter (OTC) desks over the last week.” Cointelegraph also recently highlighted a historic 57,000 BTC outflow from exchanges on July 28.Ecoinometrics also cited on-chain data to show that "whales" and “small fish'' accumulated Bitcoin when the price recovered from $29,400 to over $40,800 this week. Daily cryptocurrency market performance. Source: Coin360Institutional investors are also not to be left behind in their plans to accumulate more Bitcoin. MicroStrategy, which holds about 105,085 Bitcoin...
Price analysis 7/28: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 7/28: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin (BTC) and most major altcoins are attempting to break above their respective overhead resistance levels, indicating the return of the bulls.Data from Bybt shows that the Grayscale premium has been climbing and reached -5.88% on July 27, its closest level to zero since May 25. This suggests that institutional investors may have again started building positions via the Grayscale Bitcoin Trust.Another institutional investment product showing a possible return of buyers is Canada’s Purpose Bitcoin ETF whose assets under management rose to 1.1 billion Canadian dollars on July 27, its highest level since May 13.Daily cryptocurrency market performance. Source: Coin360Swiss private bank Vontobel said in its half-year financial report that its Bitcoin tracker certificate investment pro...
Price analysis 7/26: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 7/26: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin (BTC) soared from $29,482.61 on July 21 to $40,000 today, its highest level since June 16. This sharp rebound shows a possible change in sentiment. The bulls received a boost on Sunday, following the news from an anonymous source within Amazon proclaiming that the company is planning to accept Bitcoin payments by the end of 2021 and is exploring the launch of its own cryptocurrency by 2022.This news seems to have sent the bears scurrying to the exit, resulting in a short squeeze. Data from Bybt shows about $1.1 billion of liquidations in 24-hours on Monday, the most since May 18. The intensity of the squeeze was such that “$111,000,000 of shorts liquidated in 10 minutes” according to analyst William Clemente III.Daily cryptocurrency market performance. Source: Coin360Although ...
Litecoin price analysis: LTC’s rally brings $150 into focus
Analysis, Litecoin, Price Analysis - Top 10 Crypto

Litecoin price analysis: LTC’s rally brings $150 into focus

The cryptocurrency market has been rallying over the weekend, and Litecoin’s price surge could see it reach $150 soon The cryptocurrency market recorded a positive weekend, with several cryptocurrencies rallying. Bitcoin finally surpassed the $35k resistant level and is now trading just above $38k. Ether is also well above $2k and is heading towards the $2,500 resistance point. Litecoin wasn’t left out, with the cryptocurrency’s price rising by 9% over the past 24 hours. After reaching $130, the rally could continue, and the cryptocurrency’s price could reach $150 for the first time since 21 June. LTC price outlook The LTC/USD 4-hour chart is looking very bullish at the moment, thanks to an extended rally from the broader cryptocurrency market. LTC is now well above its 100 simple moving a...
Price analysis 7/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 7/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin’s (BTC) recovery is facing resistance near $32,500, suggesting that the ride higher may not be an easy one. However, a positive sign is that demand for cryptocurrencies remains strong and lower levels continue to attract buyers.A survey of 150 family office clients of Goldman Sachs shows that 15% have already invested in crypto-assets and 45% want to take the plunge. The family offices manage more than $6 trillion in assets, meaning, even a small percentage of inflow from this sector could eventually boost crypto prices. Daily cryptocurrency market performance. Source: Coin360It is not only the wealthy who are investing in cryptocurrencies. A recent survey by Gallup shows that Bitcoin ownership among U.S. investors, with $10,000 or more invested in stocks, bonds, or mutual funds, h...
Price analysis 7/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 7/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin (BTC) is leading the recovery in crypto markets today after the price rallied back above the $32,000 level. Sam Trabucco, a quantitative trader at Alameda Research, said the firm had purchased the dip in Bitcoin on July 20. Trabucco said the sharp recovery in equity markets, fewer long liquidations in the crypto derivatives market and the possible end of FUD caused due to China mining ban and Grayscale unlocking could act as recovery catalysts that could boost the crypto rally further.Daily cryptocurrency market performance. Source: Coin360However, analyst and podcast host Nebraskan Gooner views the recovery in Bitcoin as a shorting opportunity. Veteran trader Peter Brandt also expects Bitcoin to witness another downturn before a change in trend.The correction may open up oppo...
Price analysis 7/19: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 7/19: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin (BTC) broke below the immediate support at $31,000 today and that has resulted in selling across several major altcoins. Coincidently, the fresh push to the downside in Bitcoin has come a day after the much talked about unlocking of shares worth about 16,000 Bitcoin from the Grayscale Bitcoin Trust.The sell-off in cryptocurrencies could also be due to the broader risk-off sentiment on concerns of rising Covid-19 cases. The Dow Jones Industrial Average dropped over 800 points on Monday, on track for its worst decline of the year.Daily cryptocurrency market performance. Source: Coin360In a bearish environment, positive statements are generally ignored. While speaking to CNBC on July 19, Grayscale CEO Michael Sonnenshein projected a positive picture about the possibility of a Bitcoin ...
Price analysis 7/16: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 7/16: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin (BTC) is witnessing a tough battle between the bulls and the bears near $31,000, which makes it an important level to watch out for. Data from Glassnode shows that the $31,000 to $34,300 zone has seen strong interest from buyers and sellers as 9.93% of the Bitcoin supply has moved in this zone.The failure of Bitcoin to rally quickly from strong support levels indicates weak demand. Proof of the current disinterest comes from BlackRock CEO Larry Fink, who said in a recent CNBC interview that investor demand for cryptocurrencies had declined recently. Fink said that during his last two weeks of business travel, not one question about Bitcoin and crypto investing was presented to him. Daily cryptocurrency market performance. Source: Coin360Another sign of reduced demand is that the 90...