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Showing posts with the label litecoin

Know Rate of Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin

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 Cryptocurrency Prices Rate Today in India: Bitcoin value has changed by 11.21%. It was priced at ₹30,46,837, according to CoinSwitch, and is now at ₹33,88,289. Bitcoin’s market capital is now ₹61.8T. Cryptocurrency Prices Today, 1 March 2022: Check and compare cryptocurrency prices. Get to know how much bitcoins, Ethereum, Litecoin, Ripple, Dogecoin and other cryptocurrencies rate, value, worth today, compare prices, and check market capital across all the top Indian exchanges. Cryptocurrency Prices in India: Cryptocurrency remains a volatile market, and prices change very frequently. Even if you look at just the most well-known ’coins’, like Bitcoin, Ether, Dogecoin, Litecoin and Ripple, there have been constant changes in their value.   Bitcoin is the oldest and most well-known cryptocurrency token that can be purchased and in the last 24-hours,its value has changed by 11.21%. It was priced at ₹30,46,837, according to CoinSwitch, and is now at ₹33,88,289. Bitcoin’s market c...

Litecoin, Stellar’s Lumen, and Tron’s TRX Daily Analysis July 13th, 2020

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Litecoin Litecoin fell by 0.07% on Sunday. Reversing a 0.92% gain from Saturday, Litecoin ended the week up by 7.50% to $44.71. A bullish start to the day saw Litecoin rise to an early morning intraday high $45.24 before easing back. Litecoin broke through the first major resistance level at $45.03 before falling back to sub$44.70 levels. A second rally in the afternoon saw Litecoin break back through the first major resistance level before hitting reverse. The reversal saw Litecoin slide through the first major support level at $44.16 to an intraday low $43.76. Steering clear of the second major support level at $43.59, Litecoin found late support to wrap up the day at $44 levels. At the time of writing, Litecoin was down by 0.08% to $44.63.  A mixed start to the day saw Litecoin rise to an early morning high $44.83 before falling to a low $44.53. Litecoin left the major support and resistance levels untested early in the day. For the day ahead Litecoin would ne...

Litecoin’s (LTC) MimbleWimble Set for a Mid-September Testnet Launch

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In summary:The senior developer behind Litecoin’s Mimble Wimble protocol has provided a monthly update. He anticipates a mid-September Testnet launch. The protocol is meant to introduce confidential transactions on the Litecoin network and could be the spark that reignites investor interest in LTC. Earlier today, Litecoin’s Senior MimbleWimble Developer, David Burkett, provided an update on the progress of the protocol for the month of June 2020. In it, he concluded that the stage was set for a mid-September testnet launch of MimbleWimble. Below is a Tweet by the Litecoin Foundation highlighting David Burkett’s monthly progress update of MimbleWimble. Mr. Burkett further provided the following breakdown of the tasks ahead for the third quarter of 2020 that will clear the way for  a mid-September testnet launch.  The high-level plan for the rest of the summer remains the same:July: Initial Block DownloadAugust: Chain reorg logicSeptember: Activation logic and testn...

Litecoin, Stellar’s Lumen, and Tron’s TRX Daily Analysis June 29th, 2020

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It’s a bullish start to the day for the majors. Steering clear of the pivot levels would bring the resistance levels into play.   Litecoin Litecoin rose by 0.71% on Sunday. Partially reversing a 4.67% slide from Saturday, Litecoin ended the week down by 3.82% to $41.32. A bearish start to the day saw Litecoin fall to an early morning intraday low $40.40 before making a move. Steering clear of the first major support level at $39.12, Litecoin rallied to a late afternoon intraday high $42.04. Falling well short of the first major resistance level at $43.01, Litecoin eased back to $41 levels. At the time of writing, Litecoin was flat at $41.32. A mixed start to the day saw Litecoin fall to an early morning low $41.15 before rising to a high $41.48. Litecoin left the major support and resistance levels untested early in the day. For the day ahead Litecoin would need to avoid a fall through the $41.25 pivot to support a run at the first major resistance level at $42.11. ...

Litecoin May Revisit April $39 Low, Attempts Reaching the Limit of Market Structure

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Since it attained a peak price of $50, Litecoin has been on a downward move.  In June, LTC encountered a breakdown which made it drop to $42 low.  Price corrected upward but was resisted at the $45 high. Several attempts were made by buyers to break the $45 resistance but were repelled.  For the past two weeks, Litecoin has been confined between $42 and $45 price levels. Yesterday, as buyers attempted to retest the $45 resistance, there was a bearish reaction. LTC encountered another breakdown after testing the minor resistance. The coin dropped as bears broke the support at $42.  The bulls responded abruptly as they pulled back into the previous range.  Litecoin survived further downward movement but trapped between $42 and $45 price levels. Possibly, Litecoin can be out of the present consolidation between $42 and $45, if price rebounds.  In May, the coin rebounded thrice above $42, as the momentum broke the resistance at $45, $48, and attain...

Litecoin long-term Price Analysis: 20 June

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Litecoin has had a fairly successful run on the charts since the price crash back in March. However, while the coin has on two occasions gone past its 12 March price point, the month of June hasn’t been very reassuring for the cryptocurrency’s price.  In fact, since the start of the month, the trading price of the world’s seventh-largest cryptocurrency has been on a prominent downtrend. At press time, Litecoin was being traded at $43 and had a market cap of $2.7 billion.  Over the past 24 hours, Litecoin’s price had noted a drop of 0.10 percent, having registered a 24-hour trading volume of $1.7 billion. 1-day chart As per the 1-day chart, Litecoin’s price has been in an ascending channel formation for two and a half months now, one that is nearing its breakout on the charts.  For Litecoin, if the price were to break out of this formation, the price will likely note a drop and head towards its next strong support on the charts. At the time of writing, for L...

Litecoin, Stellar’s Lumen, and Tron’s TRX Daily Analysis June 17th, 2020

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Litecoin  Litecoin rose by 0.23% on Tuesday. Partially reversing a 0.50% fall from Monday, Litecoin ended the day at $43.86. It was a mixed start to the day. Litecoin fell to an early morning low $43.43 before rising to an early intraday high $44.21. Falling short of the first major resistance level at $44.63, Litecoin fell to a midday intraday low $43.32 Steering clear of the first major support level at $42.30, Litecoin found support late on to end the day in the green. At the time of writing, Litecoin was down by 0.93% to $43.45. A bearish start to the day saw Litecoin fall from an early morning high $43.90 to a low $43.43.  Litecoin left the major support and resistance levels untested early in the day. For the day ahead Litecoin would need to move through the $43.80 pivot to support a run at the first major resistance level at $44.27. Support from the broader market would be needed, however, for Litecoin to break back through to $44 levels. Barring broa...

Latest LTC Core Upgrade Quells Fears of No Development at Litecoin

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In brief:  Developers at the Litecoin project have released the latest core upgrade dubbed v0.18.1.  News of the available upgrade comes months after investors feared there was no active development at the Litecoin project.  This release quells any fears that development at the Litecoin project had hit a dead end. Earlier today, the Founder of Litecoin, Charlie Lee, informed the LTC community that developers at the project had released the final version of Litecoin Core Version 0.18.1. Charlie Lee went on to point out that the release puts to rest the question as to whether there was any development going on at the Litecoin project.  Additionally, he notified the crypto community that Litecoin Core 0.20 was already in the pipeline and its release would bring the LTC blockchain in line with the latest Bitcoin Core code. More on this can be found on Mr. Lee’s tweet below. Fears that There Was no Development At the Litecoin Project Regarding a lack of de...

Litecoin, Dogecoin, ChainLink: Price Analysis

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The cryptocurrency market has been moving sideways for a while as the momentum has decreased and the bearish and bullish momentum has been brief till now with no major changes in the past few days. Litecoin [LTC] The seventh-largest cryptocurrency in the market, Litecoin has been trading at $46.26, while the immediate resistance was marked at $51.05 and support at $41.68. However, as the chart indicates the coin’s price has been limited to this range for the past couple of weeks, and the price has not broken out of it yet. Despite being in an upward trend, LTC has been noticing a price reversal trend.  This was confirmed by the Awesome Oscillator indicator. Even though the AO crossed over the zero line, the short term momentum was minimal as noted previously and this trend can change anytime.  Irrespective of the digital asset’s price, the coin has been making strides in terms of adoption. According to a crypto expert, Sydney Ifergan, there has been an increas...

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 ...

Litecoin LTC price holds steady at $42, but analyst warns of a potential correction

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Another day of mostly sideways movement sees Bitcoin holding onto $7,000, up 0.90 percent over 24 hours.  Together with Ethereum, Bitcoin SV, and EOS, Litecoin is the only other top 10 altcoin in the red.  At the time of writing, the Litecoin LTC price has lost 0.33%, with a trading value of $42.35. Litecoin LTC price may be in for a dip After seeing a sharp increase yesterday in which the LTC price jumped from about $39 to $42, Litecoin has since managed to hold on to much of those gains.  After looking at the technicals, David Smith has stated that Litecoin has been trading in a tight range today between $41.80 and $43.15.  He, therefore, suggests trading the confirmed breakout from one of the boundaries. Alex Clay believes the Litecoin LTC price is set to continue its descent. As per his analysis, the price has found strong support at the $41.92 mark.  However, having formed a descending triangle pattern, the trader states that if the price ma...

Litecoin News Today Litecoin LTC Price Has Underperformed Since its Most Recent Recovery April 5th, 2020

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Litecoin LTC price has mostly underperformed since the last rally to the upside The coin is in a make or break position The next breakout point could be the $50 level Litecoin news today  The LTC/USD trading pair has mostly underperformed since it managed to stage its recent recovery.  This recovery took the coin’s price from the lows it posted just a few weeks ago. While the recent price crash was devastating for all traders, the LTC/USD pair has not recovered as well as other major crypto offerings in the market.  Meanwhile, the Litecoin price only succeeded in its attempt to test the $43 resistance area although this was attained with little success as prices have underperformed. Litecoin Price Analysis  Litecoin LTC Price is Above the 9 and 21 day Moving Averages As of when this content was published the LTC/USD trading pair was changing hands at $40.37.  It is at this point that the intraday bulls could close but they will likely test some ...

Litecoin Price Consolidates At $35 But A Triangle Breakout To $50 Impends

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Litecoin price lower high pattern and higher low pattern leads to consolidation at $35. A triangle breakout is nigh and if supported by increased trading volume it could catapult LTC/USD above $50. Litecoin price has been narrowing towards $35 since the crash that took place last week.  Support was established at $25. The recovery that ensued stepped above $30 but failed to break the resistance at $40. The lower high and higher low pattern formed in the last seven days has resulted in the formation of a symmetrical triangle pattern. Meanwhile, consolidation in the zone at $35 suggests that a breakout is in the picture and coupled with the triangle pattern, is likely to launch LTC/USD into a trajectory targeting $50 and $60 levels. Litecoin price analysis Litecoin’s immediate upside is limited by the 50 Simple Moving Average (SMA) on the 4-hour chart. A break above $40 will definitely boost the price upwards but the buyers should be prepared to deal with the resistance...

Litecoin Price Analysis: LTC/USD nurtures a bullish momentum towards $40

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Litecoin has started afresh bullish session on Tuesday with gains of more than 3% on the day. Technical levels are gradually aligning in the favor of the bulls as Litecoin buyers eye levels above $40. Litecoin price has sustained losses in the confines of a descending triangle.  Following the crash to $25, LTC/USD has recovered above $30 but gains have been limited under $40. At the time of writing LTC/USD is trading at $35 amid a growing bullish momentum. The Elliot Wave Oscillator has commenced a new bullish session in the daily range following an extended bearish session (lasted over a week).  The immediate target is to pull LTC/USD above $40 and allow the bulls to focus on the levels towards $50 and $60. Litecoin price is also battling the resistance at the descending trendline. The hurdle has been tested several times during the downtrend experienced last week.  If the bulls manage to clear the resistance above this line, the move could trigger a ...

Litecoin News Today LTC Price Has Resumes Downward Turn As Global Market Collapses March 13th 2020

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Global panic over coronavirus has affected crypto markets The price of Litecoin LTC inevitably resumed its downward movement The coin initially maintained the $50 level for two consecutive days Litecoin news today  The world is currently in a state of panic over the rise in coronavirus infections.  The situation has impacted global equity markets in the last few days.  Volatility has been the order of the day in crypto.  This means fear has gripped traders and they will likely sell their stock.  We should expect to see a surge altcoin and Bitcoin buying. It will be interesting to determine the price level for LTC. Central Banks to Cut Rates Globally Central banks around the world will likely to cut down rates aggressively in a bid to tackle the economic downturn caused by the panic the coronavirus caused.  The US Federal Reserve has already initiated an emergency rate cut of up to 50 basis points.  The Fed is even expected to carry ou...

Analyst: Litecoin May Have Bottomed And Is Ready To Lead Crypto to New Highs

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Litecoin may be the silver to Bitcoin’s digital gold, but oftentimes, it’s the seventh-ranked crypto asset by market cap that leads the cryptocurrency market. According to one analyst, Litecoin “may have bottomed” out and “new highs” are inbound for the altcoin.  The analyst also says that this means that Bitcoin and the rest of the altcoin market will follow. Litecoin Completes ABC Correction, Bottom May Be in During the start of the 2019 rally, Litecoin led the rest of the crypto market in bottoming and kicking off what would eventually be a massive 500% rally for the altcoin. The surge in interest in Litecoin was due to the asset’s halving. However, a selloff pre-halving ended that rally and Litecoin retraced to a new higher low in late 2019. Earlier this year, it was also Litecoin to first bottom and begin showing signs of a recovery.  The cryptocurrency led the market into yet another rally, that has only recently broken its trend. Once again, Litecoin is e...

Major New Partnership Set to Spur Litecoin Adoption

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Litecoin will be coming thousands of regular cash machines in South Korea.  The Litecoin Foundation has just partnered with MeconCash, allowing ATM users to convert LTC to fiat at real world locations. The partnership may serve to drive adoption of a crypto asset for which staying relevant seems a particular struggle. New Partnership Enables LTC to Fiat Withdrawals at 13,000 ATMs According to a recent press release, the Litecoin Foundation has just partnered with MeconCash, a South-Korean blockchain startup.  Amongst other things, the partnership will allow users to exchange LTC for Korean won at more than 13,000 in South Korea.  They can then withdraw the fiat currency for spending at shops not accepting crypto. The deal will also see MeconCash integrate Litecoin with its MeconMall.  Users can also use the crypto asset to pay for various digital goods, including mobile games. Charlie Lee, the Managing Director of the Litecoin Foundation, commented th...

Litecoin (LTC) Signals A Bearish Reversal Despite Soaring 5% In A Day

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Litecoin (LTC) boost over 5% in a day as Binance US adds the crypto to its platform. Fear creeps in as death cross forms on LTC/USD pair. The rise of Litecoin (LTC) has been nothing but exceptional in the past 48 hours gaining over 5% in a day. The soar in ‘silver Bitcoin’ price sets in at a time the cryptocurrency market is in a consolidation phase as Bitcoin (BTC) bulls struggle to cross the $10,000 USD mark.  Despite the positive fundamentals, such as addition of the crypto to Binance US, LTC is signaling a critical bear reversal point as the daily price charts forms a death cross. Can LTC hit triple digits before the year? LTC bulls threatens to break $80 USD The past seven or so weeks, since the start of 2020, cryptocurrencies have been on a mammoth rise as most of the top altcoins register over 5% in gains in the past 24 hours.  Looking further back, the early Bitcoin fork has gained over 10% over the past 2days raising hopes of bulls targeting $80 USD i...

Litecoin Takes 10% Hit After RSI Drops Beneath 50 Where To Next?

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Litecoin witnessed a sharp 10% price fall over the past 24-hours, bringing the price for the cryptocurrency down to $70. The cryptocurrency ran into resistance at $83.05 and was unable to overcome it, causing prices to drop. Litecoin dropped by 10% today, to push the price down to $70.  It has been surging all year and climbed by a total of 114% to reach a high of around $83.05. Unfortunately, it was unable to overcome this resistance which caused it to roll over and fall by a total of 16% to reach the current price of around $70. Litecoin is now ranked in the 7th position as it now holds a $4.52 billion market cap value. Litecoin Price Analysis Market Overview Since my last Litecoin analysis, the cryptocurrency was able to climb above the previous resistance at $78.44 as it continued higher to break above $80.  However, when it reached $83.05, it was unable to go higher which caused it to roll over and fall to the current $70 support. Short term predictio...

Litecoin (LTC) Holders Can Now Earn Up to 10% on Their Crypto via Digital Asset Lender Cred

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Investors who hold Litecoin (LTC), the world’s sixth-largest cryptocurrency by market cap, can now earn up to 10% interest on their digital assets via a new partnership.  The Litecoin Foundation announced today that a collaboration with California-based crypto lender Cred will now support financial services, allowing people to borrow and lend Litecoin. Users in 190 countries who own Litecoin can earn monthly interest payments by pledging their crypto holdings for a six-month term. Cred lends cryptocurrencies, including Bitcoin, Bitcoin Cash and Basic Attention Token, to retail investors and money managers, among other customers, working with collateral agents and leading custody partners including BitGo, Bittrex Enterprise and Lockton, one of the world’s largest independent insurance brokerage firms, to ensure the security of customers’ digital assets. Charlie Lee, Litecoin creator and managing director of the Litecoin Foundation, says the strategic partnership will provide ...