Tag: Litecoin

Litecoin price hits $400 all-time high, but LTC rally at risk of overheating
Bitcoin, Litecoin

Litecoin price hits $400 all-time high, but LTC rally at risk of overheating

Litecoin (LTC) has broken the $400 mark, reaching a new all-time high price of $414 on Bitstamp on Monday. The problem with buying Litecoin is that it has become too expensive in a very little period. The world’s 10th-largest cryptocurrency by market capitalization is worth 215% more than it was at the beginning of this year, soaring from $124.42 to a new record high of $413.90. Its massive rally has beaten traditional markets on a year-to-date timeframe, with many independent analysts now predicting the move to extend toward $500.Rotational tradingEye-popping returns in the Litecoin market came on the heels of a broad upside move in the cryptocurrency market. The silver crypto’s top altcoin rivals, including Ether (ETH), XRP, Cardano (ADA) and many others, posted bette...
Top 5 cryptocurrencies to watch this week: BTC, BNB, ADA, LTC, LINK
Altcoins, Bitcoin, Litecoin

Top 5 cryptocurrencies to watch this week: BTC, BNB, ADA, LTC, LINK

Over the past week, several traders bought Dogecoin (DOGE) leading up to Elon Musk’s Saturday Night Live appearance as they expected a pump. However, the mention of Dogecoin during the monologue by Musk did not produce the rally traders were looking for and professional traders may have dumped their positions on novice traders who were expecting a breakout. Dogecoin dumped to an intraday low at $0.41 today, losing over 34% from the previous day’s close. Since then, the meme coin has been trying to stage a recovery and has risen to $0.54. The sharp fall in Dogecoin price shows that buying the hype, without any major fundamental reason, could result in stomach-churning volatility.Crypto market data daily view. Source: Coin360On the other hand, Ether (ETH) extended its up-move further, f...
Price analysis 5/7: BTC, ETH, BNB, DOGE, XRP, ADA, DOT, BCH, LTC, UNI
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 5/7: BTC, ETH, BNB, DOGE, XRP, ADA, DOT, BCH, LTC, UNI

Goldman Sachs has started offering its clients access to Bitcoin (BTC) trading through non-deliverable forwards, according to Bloomberg Law. Max Minton, Goldman's Asia-Pacific head of digital assets, said that “institutional demand continues to grow significantly in this space.”Even Citigroup plans to introduce crypto-related services due to the increasing demand from asset managers and hedge funds. Although inquiries about Bitcoin surged in August 2020, the investment bank has been slow to jump into the crypto market. Citigroup’s global head of foreign exchange, Itay Tuchman told the Financial Times that “crypto is here to stay and that we are just at the very beginning of the market.”Daily cryptocurrency market performance. Source: Coin360Long-term investors view dips as an opportun...
LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin?
Bitcoin, Litecoin

LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin?

Litecoin (LTC) prices surged by up to 35% to hit a one-year high against Bitcoin (BTC) this week, prompting analysts to predict an extended upside momentum for the remainder of the ongoing monthly session.LTC/BTC 1-week candle chart (Binance). Source: TradingViewThe LTC/BTC exchange rate touched 6,358 sats during the Asia-Pacific trading hours. The pair later corrected to an intraday low of 5,776 sats ahead of the London opening bell as profit-taking sentiment grew near the sessional peaks.But according to data collected from Glassnode, the downside correction did little in offsetting Litecoin's growing bullish strength. The blockchain analytics firm noted a dramatic spike in the number of active Litecoin addresses beginning 2021, indicating a rising demand for the silver cryptocurrency ju...
Price analysis 5/5: BTC, ETH, BNB, DOGE, XRP, ADA, DOT, LTC, BCH, UNI
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 5/5: BTC, ETH, BNB, DOGE, XRP, ADA, DOT, LTC, BCH, UNI

Dogecoin (DOGE) skyrocketed above $0.69 today and flipped XRP to become the fourth largest cryptocurrency with a market capitalization of over $88 billion at its highest point. Galaxy Digital recently released a report titled “Dogecoin: The Most Honest Sh*tcoin,” and the document highlighted the fact that no updates have been logged in Dogecoin’s GitHub repository since 2017. Even the blockchain’s network security is suboptimal with only 26% of the overall node count running fully synced notes, the report added.There seems to be a massive mismatch between Dogecoin’s fundamentals and its valuation. The meme coin’s rally is an indication that traders are driven by greed and such phases of frenzy never end well. When the bubble bursts, several investors will be left nursin...
Litecoin Price Analysis: LTC Bulls Target $300 in Fresh Rally
Analysis, Litecoin, Price Analysis - Top 10 Crypto

Litecoin Price Analysis: LTC Bulls Target $300 in Fresh Rally

Litecoin is targeting the $300 mark following a renewed rally that saw the cryptocurrency rise by nearly 5% in the past day Litecoin is up by nearly 5% over the past 24 hours, doing enough to maintain its position as the tenth-largest cryptocurrency by market cap. Its mini-rally comes despite a mixed performance from the broader crypto market. LTC steered clear of the first major support level at $264 and rallied to an intraday high of $299.71 yesterday. A pullback occurred, but the cryptocurrency established support at $287 and has been trading within that range for the past few hours. LTC is expected to rally higher in the coming days or weeks thanks in part to its recent one year hashrate high. Litecoin’s hashrate is at a one year high. This is bullish for Litecoin! 🚀$LTC 💎🙌 pic.twitte...
Price analysis 5/3: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, UNI, LTC, BCH
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 5/3: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, UNI, LTC, BCH

Ether (ETH) has been the star performer among major cryptocurrencies in the past few days as its rally has continued unabated. The second-largest cryptocurrency by market capitalization crossed the $3,300 today sending projects market cap to $381.6 billion. Ether has now become the 24th largest asset in the world, vaulting the project above blue-chip names like Mastercard, NVIDIA, Walt Disney, Bank of America and Home Depot, according to data from Infinite Market Cap. This strong performance in Ether has also brought back murmurs of Ethereum flippening Bitcoin (BTC).Daily cryptocurrency market performance. Source: Coin360However, Ether has a lot of catching up to do if it wants to flip Bitcoin because its market dominance at 16.4% is much below Bitcoin’s 47%. Still, the rise of E...
Price analysis 4/30: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 4/30: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH

The recent weakness in Bitcoin (BTC) price did not see any panic selling by investors, suggesting the sentiment in the crypto sector remains bullish. After Ether’s (ETH) strong run in the past few days, Bitcoin played catch up today as it reclaimed the $55,000 level. This suggests investors continue to accumulate on dips.Gaming-focused venture capital fund Bitkraft Ventures, with more than $400 million in assets under management, has tied up with crypto research firm Delphi Digital to invest in crypto-assets and related projects.The demand from institutions also seems to be picking up in Asia. To cater to this demand, Huobi Asset Management has launched four cryptocurrency-related tracker funds. Daily cryptocurrency market performance. Source: Coin360To provide institutional clients with d...
Price analysis 4/26: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 4/26: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH

Bitcoin price started the week off with a strong move that propelled the price above $50,000 and at the time of writing, bulls are in pursuit of the $55,000 level.  On April 21, JPMorgan analysts wrote that the liquidity in the cryptocurrency markets is likely to recover sharply after the recent sell-off in Bitcoin (BTC). According to the analysts, “the worst of the liquidations” could be over “suggesting little overhang to work through.”Another bullish sign was shown by the Crypto Fear and Greed Index, which quickly dipped from greed in the last week to fear on April 25, indicating that exuberant high leverage traders had likely been washed out. This reset also gave an opportunity for larger-size investors to buy at lower levels.Daily cryptocurrency market performance. Source: C...
Price analysis 4/23: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, UNI, LTC, BCH
Bitcoin, Litecoin, Price Analysis - Top 10 Crypto

Price analysis 4/23: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, UNI, LTC, BCH

As Bitcoin price crashed below $50,000, mainstream media highlighted that the selling across the market could have been triggered by reports that the Biden administration proposed increasing the capital gains tax to 39.6% from the current 20% for people earning more than $1 million a year.In other news, there was an apparent exit scam carried out by Thodex exchange owner Faruk Fatih Özer, which has affected about 391,000 users of the Turkish crypto exchange. Rumors are afloat that the owner may have fled the country with nearly $2 billion worth of crypto assets.Daily cryptocurrency market performance. Source: Coin360U.S. equity markets also sold off on April 22 as the tax hike rumors rattled investors but the S&P 500 has bounced back sharply today, indicating that market participa...