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Latest Litecoin price and analysis

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Litecoin (LTC) is currently trading at around $44 after a 4% drop in price since last week.However, despite the overall downtrend, LTC has remained stable over the last 24 hours.Litecoin experienced exponential growth earlier this year.
 Prior to mid-June, the altcoin was the best performing digital asset of 2019, growing more than 170% in fewer than 90 days and peaking at around $145.
A serious summer downtrend then saw LTC tumble to around $49 before a market-wide pump last month following Chinese President Xi Jinping’s bullish comments on blockchain.However, at the time of writing, LTC seems to be in bad shape after a massive drop down to $44 from $60 last month.
Will the altcoin recover and push above $50? Let’s take a look at the LTC chart, courtesy of TradingView.


Looking at the EMAs, the trend is looking grim. All of Litecoin’s EMAs have crossed to the downside and price action has been sloping downwards since the summer.
This is a clear sign of weakness, especially as LTC is n…

ethereum ce age may be imminent if miners withdraw from network

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The Ethereum block difficulty began to grow back in November 2016.
 Since then, developers have been constantly forced to carry out hard forks to keep the network up until the transition to a proof-of-stake algorithm takes place.In the lead-up to the Istanbul upgrade, implemented on Dec. 8, the Ethereum team decided again to postpone the explosion of a so-called “difficulty bomb,” which some believe may lead to the onset of an Ice Age.
 How can this happen and what would be the consequences if the Ethereum network froze?Difficulty bomb and Ice AgeWhen creating Ethereum (ETH), the developers initially assumed that it would work on a proof-of-stake consensus algorithm.


 However, as this idea implementation demanded more time, the network was launched on the more familiar consensus model: proof-of-work.At the same time, the developers prudently introduced a difficulty bomb into Ethereum i.e., a mechanism that is supposed to gradually make the process of generating new blocks more compli…

This $722M Bitcoin mining scam referred to its marks as ‘dumb’ investors and ‘sheep’

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Authorities in the US have arrested three men in connection with BitClub Network, a Bitcoin $BTC▼0.97% mining scheme that allegedly defrauded investors out of a staggering $722 million.
According to a release issued by the US Department of Justice, Matthew Brent Goettsche and Jobadiah Sinclair Weeks  both from Colorado  have been charged with conspiracy to commit wire fraud.

They’re also charged, alongside Joseph Frank Abel from California, with offering and selling unregistered securities.Goettsche reportedly told his conspirators that their target audience would be “dumb” investors.
 He also allegedly referred to them as “sheep,” and said he was “building this whole model on the backs of idiots.”


In September 2017, he sent an email to another conspirator in which he suggested that BitClub Network “[d]rop mining earnings significantly starting now” so that he could “retire RAF (rich as fuck).
The indictment describes the defendants’ use of the complex world of cryptocurrency to take …

Despite Rising Ripple Transaction Volume, Analyst Says XRP Still Incredibly Weak

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XRP  the digital token closely associated to FinTech company Ripple  has had a rough couple of years, plummeting from highs of over $3.00 in early-2018 and finding itself caught within a firm downtrend that has persisted throughout all of 2018 and 2019.
 Although many major altcoins saw some relief in the first half of 2019, XRP remained stuck within the lower-$0.30 region, and the recent downturn in the aggregated crypto market that occurred in early-November led XRP to plummet to fresh 2019 lows of just under $0.20.



In spite of this bearishness, it is important to note that Ripple’s transaction volume has been on the rise as of late, but this may not be enough to help propel XRP’s price higher in the near-term.
 Ripple (XRP) Transaction Volume Gains Some Steam as XRP Inches Lower
 At the time of writing, XRP is trading down nearly 2% at its current price of $0.228, which marks a slight retrace from its daily highs of over $0.23.

Over the past week, XRP has been finding strong buying …

Ethereum (ETH) Bulls Eye Crucial Bullish Break

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Ethereum is approaching the main $152 and $155 resistance levels against the US Dollar. The price is likely to rally significantly once there is a clear break above $152.
 There is a key bullish trend line forming with support near $148 on the hourly chart of ETH/USD (data feed via Kraken).
 The price could dip a few points, but it remains supported near $148 and $145. Ethereum price is trading with a positive bias versus the US Dollar, similar to bitcoin.


 ETH price needs to rally above $152 to continue higher in the coming sessions.
 Ethereum Price Analysis After forming a support base above $144, Ethereum started a decent upward move against the US Dollar.
 ETH price is rising steadily and it recently climbed above the $148 resistance area. Moreover, there was a break above the $150 resistance and the 100 hourly simple moving average.
 However, the price ran into a crucial resistance area near $152, where the bears protected further upsides.
A high is forming near $152 and the pric…

LITECOIN MAY NOT BECOME SILVER TO BITCOIN’S GOLD AFTERALL

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LITECOIN RODE ON THE BACK OF BITCOIN’S RALLY 
Litecoin caught the price momentum at the right time, and for a long time rode alongside Bitcoin’s fame, commented Saurel.
 LTC creator Charlie Lee used the primary Bitcoin code with a few tweaks for LTC with a promise of a faster and cheaper network.
 But just as the crypto reached its peak in December 2017, Lee sold all of his holdings  just at the highest point of the coin’s price above $350.
 This decision caused rumblings among the community, and cost some of Lee’s reputation.



The other reason for Litecoin becoming irrelevant is the fact that Bitcoin does not actually need a secondary unit, or “silver”.
 BTC as a stand-alone coin is both a store of value and a suitable network for relatively fast transfers. Despite temporary congestion, Bitcoin allows for economic value transactions, and LTC is only marginally faster.
“Litecoin will certainly remain in the Top 10 of cryptocurrencies for some time to come, but its future is clearly not…

Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates

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As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the cryptocurrency’s price triggered a “sell” signal on the Market God v7 indicator, designed by crypto analyst Thies.
 The analyst remarked that he designed the indicator to “eliminate” emotion from his trading to instead rely on algorithm-driven signals and plans to “short the corn.”
This was seen as bearish, as the last time the indicator gave the signal was in April, which was prior to the move that took the price of Bitcoin from five digits to $3,150, before printing a buy signal near the bottom.


 Though, according to Thies’ latest check of the indicator, the “sell” signal has dissipated as bears have failed to continue to push lower the price of Bitcoin.

Importantly though, the Moving Average Convergence Divergence (MACD), which is a “trend-following momentum indicator that shows the relationship between two moving averages of a security’s p…