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Showing posts from May, 2020

Litecoin (LTC) Struggles to Recover from March’s Coronavirus Crash

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Litecoin is lagging behind Bitcoin and Ethereum in recovering from the Coronavirus crash witnessed in March. In summary: Bitcoin and Ethereum have regained losses witnessed during the Coronavirus crash of mid-March.  Litecoin seems to be struggling to regain a footing after dropping below $50.  LTC risks losing the $40 psychological support.  However, the weekly chart prints a falling wedge offering some hope for investors.  Savvy crypto traders and investors have realized a certain sense of consolidation with regards to the price movement of Litcoin (LTC) after the Coronavirus crash of mid-March. During the event, LTC dropped from $64 to a local low of approximately $25.  At the time of writing this, Litecoin is valued at $44. The latter value is 68% of its pre-crash price of $64. Litecoin is Lagging Behind Bitcoin and Ethereum Doing a similar analysis on Bitcoin and Ethereum during and after the Coronavirus crash of mid-March, we observe the ...

Bitcoin SV, XMR signal entry of bear, while Doge turns cautious

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The sixth-largest cryptocurrency in the market, Bitcoin SV [BSV] has been noting 5.65% gains in the past 24-hours. The coin has been rising, as opposed to Bitcoin, and was valued at $202.240, at press time. The immediate resistance for BSV was close to $219, while the support was at $178.  BSV has been pumping in the market as its YTD returns still stood at 92.73%, which was a much higher value than other major alts.However, the BSV market has been noticing a bearish pressure forming in the market as the markers of the Parabolic SAR indicator aligned over the candlesticks. This indicated the reversal in price trends. Read the full topic at https://bitcoin-news-24.com/2020/05/bitcoin-sv-xmr-signal-entry-of-bear-while-doge-turns-cautious/ for more information you can visit our website in this link https://bitcoin-news-24.com