Tag: Litecoin

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...
Litecoin’s rally brings the $134 resistance level into focus
Analysis, Litecoin, Price Analysis - Top 10 Crypto

Litecoin’s rally brings the $134 resistance level into focus

Litecoin is up by over 3% in the past 24 hours, and the rally has brought into focus the $134 resistance level. Litecoin underperformed yesterday, losing 0.315 of its value after declining by 1.45% the previous day. The bearish performance saw Litecoin lose its first major support level at $129 and the second major support level at $127 yesterday. However, it was able to defend the third major support level at $122 before rallying to an intraday high of $132.39. It was unable to keep up the rally and fell below the $130 mark again before the end of the day on Wednesday. A bright start to the day on Thursday and excellent performances from the broader market could see the twelfth-largest cryptocurrency surpass the $134 resistance level and attempt to reach $140 before the end of the day. LT...
Price analysis 7/14: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 7/14: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin (BTC) has once again held the critical support area at $31,000 today, indicating accumulation at lower levels. This led some analysts to speculate that traders were selling their holdings to investors with a low history of selling in anticipation that “a supply shock” to occur when the re-accumulation process completes.Another sign of strong hands entering the crypto market was seen when Capital International Group, a $2.3 trillion asset manager, purchased a 12.3% stake in MicroStrategy, which many believe to be a sort of Bitcoin proxy stock because it holds 105,084 Bitcoin on its books. This acquisition suggests the asset manager is taking indirect exposure to Bitcoin. Daily cryptocurrency market performance. Source: Coin360The United States Consumer Price Index (CPI) surged 0.9% ...
Price analysis 7/12: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 7/12: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC

Bitcoin’s (BTC) roof has been shifting lower in the past few days, which is a negative sign because it shows that bears are selling on every minor rally. Bitcoin’s weakness is affecting the major altcoins as most are gradually drifting lower.Joel Kruger, a Forex strategist at LMAX, recently said: “It would be foolish to rule out the possibility for a drop back below the June low, and we think there would be a risk in that scenario where the Bitcoin price could revisit the old record high area around $20,000.”Daily cryptocurrency market performance. Source: Coin360However, Bitcoin’s fundamentals seem to be improving. The network hashrate had taken a big knock due to China's recent crackdown on miners, but it is gradually coming back on track according to data from various on-chain sources. ...