Litecoin

Litecoin rose by 2.83% on Wednesday. Following a 4.53% rally on Tuesday, Litecoin ended the day at $45.02.

It was a mixed start to the day. Litecoin rose to an early morning high $44.00 before hitting reverse.

Falling short of the first major resistance level at $44.66, Litecoin fell to a late morning intraday low $43.22.

Steering clear of the first major support level at $42.45, Litecoin recovered to a late intraday high $45.17.

Litecoin fell broke through the first major resistance level at $44.66 to wrap up the day at $45 levels.

At the time of writing, Litecoin was up by 1.00% to $45.47. A bullish start to the day saw Litecoin rise from an early morning low $44.96 to a high $45.75.

Litecoin came up against the first major resistance level at $45.72 earl in the day.

Litecoin would need to avoid a fall through the $44.50 pivot to support another run at the first major resistance level at $45.72.

Support from the broader market would be needed, however, for Litecoin to break back through to $45.70 levels.

Barring another crypto rally, the first major resistance level and the morning high $45.75 would likely cap any upside.

Failure to avoid a fall through the $44.50 pivot would bring the first major support level at $43.77 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$43 levels. The second major support level sits at $42.52.

First Major Support Level: $43.77

First Major Resistance Level: $45.72

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen gained 1.10% on Wednesday. Following on from a 2.59% rally on Tuesday, Stellars Lumen ended the day at $0.097241.

It was a mixed start to the day. Stellars Lumen rose to an early morning high $0.096339 before hitting reverse.

Falling short of the first major resistance level at $0.09887, Stellars Lumen slid to a late morning intraday low $0.094291.

Finding support the first major support level at $0.09439, Stellars Lumen rallied to a late intraday high $0.098196.

Coming up short of the first major resistance level at $0.09887, Stellars Lumen eased back to sub-$0.09750 levels.

At the time of writing, Stellars Lumen was up by 2.12% to $0.099306. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.09737 to a high $0.099396.

Stellars Lumen broke through the first major resistance level at $0.09886.

Story continues

Stellars Lumen would need to avoid a fall through the first major resistance level to support a run at the second major resistance level at $0.10048.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.099306.

Barring another broad-based crypto rally, the second major resistance level would likely limit any upside.

Failure to avoid a fall through the first major resistance level at $0.9886 would bring sub-$0.097 levels into play.

Barring an extended crypto sell-off, however, Stellars Lumen should avoid the pivot level at $0.09658. The first major support level sits at $0.09496.

First Major Support Level: $0.09496

First Major Resistance Level: $0.09886

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX rose by 2.25% on Wednesday. Following a 2.42% rally on Tuesday, Trons TRX ended the day at $0.017984.

It was a mixed start to the day. Trons TRX rose to an early morning high $0.017630 before hitting reverse.

Falling short of the first major resistance level at $0.01786, Trons TRX fell to a mid-morning intraday low $0.017425.

Steering clear of the first major support level at $0.01732, Trons TRX rallied to a late intraday high $0.018001 before easing back.

Trons TRX broke through the first major resistance level at $0.01786 before easing back to sub-$0.018 levels.

The second major resistance level at $0.01807 capped the upside on the day.

At the time of writing, Trons TRX was up by 0.42% to $0.018059. A bullish start to the day saw Trons TRX rise from an early morning low $0.017968 to a high $0.018100.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to avoid a fall through the $0.01780 pivot level to support another run at the first major resistance level at $0.018180.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.01810.

Barring an extended crypto rally, the first major resistance level and morning high would likely cap any upside.

Failure to avoid a fall through the $0.01780 pivot level would bring the first major support level at $0.01761 into play.

Barring another extended crypto sell-off, Trons TRX should steer clear of sub-$0.01720 levels. The second major support level at $0.01723 should limit any downside.

First Major Support Level: $0.01761

First Major Resistance Level: $0.01818

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 23rd, 2020 - Yahoo Finance

Litecoin 4 Hour Price Update

Updated July 22, 2020 03:19 PM GMT (11:19 AM EST)

Litecoin closed the previous 4 hours up 0.28% ($0.12); this denotes the 2nd candle in a row it has gone up. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 43.81 US dollars, up 4.38% ($1.84) since the day prior. The price move occurred on stronger volume; specifically, yesterdays volume was up 102.03% from the day prior, and up 33.32% from the same day the week before. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the day prior. Below is a daily price chart of Litecoin.

Notably, Litecoin crossed above its 20 and 50 day moving averages yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Litecoins price has gone down 6 of the previous 10 trading days.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Litecoin for the past day were:

#LTC hit 272.466 Thash/S the last 24 hrsSecurity is a facet of a decentralized #cryptocurrency that can be overlooked, but can also be more important than price.Dont be fooled by price. #Litecoin dominates Scrypt & is valued by minersThe hash rate cannot be manipulated.

Hey $LTC frenz! Im trying to get @SatoshiLite as a guest on @mineyour_bizI have questions about the social history of crypto at the time of the #Litecoin fork related to my crypto tribalism research. I understand his Twitter is still frozen. Does anyone know what else he uses?

Bitmex is launching a $LTCUSD quanto perpetual swap contract with up to 33x leverage on 30 July 2020. This is the fifth quanto contract to be launched on the #BitMEX platform, offering users further diversification of trading opportunities. $LTC #LTCUSD #Litecoin

For a longer news piece related to LTC thats been generating discussion, check out:

Litecoin vs. XinFin: Why Permissioned Blockchains are the Need of the Hour | by Vinn | Medium

Due to using the PoW protocol, the Litecoin network has so far delivered a record transaction speed of 56 transactions per second.Block Creation Time and Block Reward Transaction speed brings us to block creation time.It can be questioned that the block reward for mining is lower in the case of XinFin as compared to Litecoin, but lets not forget that the block creation time, and hence the energy consumed to create one block on XinFin is far lesser than that of Litecoin.This is the reason why a blockchain such as XinFin, which renders the features of a permissioned or private as well as a permissionless blockchain, is important to exist and bring the enterprise sector into the blockchain industry.

Read this article:

Litecoin (LTC) Up $0.18 On 4 Hour Chart, Outperforms All Top Cryptos to Start the Day; Crosses 20 and 50 Day Moving Averages - CFDTrading

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Crypto Currency Market 2020 Industry Covid-19 Impact on Size, Growth, Share Evaluation, Trends, Supply, Segments, Demand, Revenue and Forecast to 2025...

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Cryptocurrencies are taking over the world. At the moment, Bitcoin is getting ever more mainstream exposure and acceptance as a legitimate asset and storage of wealth.

Whether using Bitcoin or not, its always a good idea to consider investing in this type of asset. However, always make sure you do your homework and thoroughly research any digital asset before making your first move.

Bitcoin is definitely not the only crypto out there thats worth considering, although it is still considered to be the most popular digital currency. On the other hand, there are many other cryptos, often named altcoins, that are doing a pretty good job and are attracting investors from all over the world. Here are some of the best alternatives.

Ethereum is perhaps one of the most important coins out there after bitcoin, as it is also a company that provides a platform for developing decentralised apps. In other words, Vitalik Buterin, the creator of Ethereum, saw a much bigger potential in blockchain technology than just using it for cryptocurrencies.

A single unit of ethereum is approximately $240 at the moment, but make sure to check out its price at the time you plan to invest as it is highly volatile just like BTC. The total market cap is somewhere around $26 billion and the circulating supply is 111.6 million ETH at the moment.

Thanks to Ethereum, many can now access many dapps and enjoy using them on the blockchain. Platforms such as Ethereum also paved the way for the creation of numerous crypto online games. Check out this bitcoin gambling blog to get some idea of the kinds of innovations using dapps can bring to the gaming space.

Bitcoin Cash (BCH) was separated from Bitcoin in a hard fork and became a cryptocurrency of its own. BCH has the same features as BTC, but its faster due to some core differences in the underlying technology.

Some believe that BCH is closer to how Satoshi intended bitcoin to be, to act as a form of easy to use electronic payment, similar to how we use bank cards for payments over the internet today. If youre looking to invest in a true BTC alternative, this is perhaps one of the options to consider. A single unit of Bitcoin Cash costs approximately $240 at the moment.

When litecoin was created, its primary purpose was to be a fix that would make bitcoin transactions lighter (hence the name). However, its creator decided to make a cryptocurrency of its own instead. Eventually, litecoin became the first real competitor to bitcoin, although it never reached its popularity.

At the moment, you can buy one litecoin for $44, but the price of this cryptocurrency also changes every moment. The current market cap is about $2.88 billion and the circulating supply is 64.98 million LTC. Just like bitcoin, LTC has a max supply that can be issued and is set to 84 million LTC.

Tether is a different type of cryptocurrency thats often referred to as stablecoin. The reason why it bears such a name is that its value is much more stable compared to other cryptocurrencies.

This stability is achieved by pegging its value to a more stable asset such as the US dollar or gold. Tether (USDT) is pegged to the US dollar in a 1:1 ratio, meaning that one unit of USDT = $1 at least most of the time.

Although tether was proclaimed controversial due to some unapproved practices by its creators, the cryptocurrency managed to retain its popularity and is currently the fourth most popular crypto in the world, with a total market cap of $4.13 billion.

Jul 16, 2020Tech Digest Correspondent

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Which Small Cryptocurrencies to Invest in? - Tech Digest

When it comes to identifying traders interest in a project, volume is one important thing to be looked in to. The overall volume which is being traded in several exchanges has been reportedly low for LTC. Despite several investors beginning to think that nothing is happening at Litecoin, long-term users have their own reason to hoard Litecoin (LTC).

Despite what the price charts have to say HODLers do not seem to show weakness of any kind. Some of the investors are strangely speculating partnerships between Cardano and Litecoin!

An alternate opinion from Sydney Ifergans tweet: Litecoin #HODLers have a reason to stay. They know being in the game for a long-term makes all the difference. The n number of possibilities which cannot be tried on the #Bitcoin Network can be tried in Litecoin.

Criticisms apart, Litecoin Foundation tweeted: CTV (CheckTemplateVerify) is a soft fork proposed by #Bitcoin developer Jeremy Lubin. #Litecoin is once again looking to prove that what is good for #LTC is good for #BTC Want to learn more about CTV & LTCs role as a test bed?

Jeremy Rubin have been developing a soft fork called CTV and he has been developing it for Bitcoin. Creating smarter custody solutions and supercharging lightning channels by routing limitless HTLCs without any kind of interactive set up are the notable use cases. Since, implementing new technology in to Bitcoin is not an easy task, Jeremy has been working to build consensus on to the technology and he hopes to prove the value of CTV by adding it to Litecoin.

Litecoin is very similar to Bitcoin in many ways; however, it is faster than BTC. And, not it is very obvious that Litecoin is serving to be a testbed for something that can be executed on Bitcoin.

Charlie Lee seemed to agree with the Hot potato view which read: I believe fiat currency is like a hot potato. We are all incentivized to spend, but not save. You have to invest and take risks to save for the future: a bug not a feature. The last one holding these currencies will always be burned. Check out my first article below!

The practical reality is that money should keep flowing. For as long as people accept it, it has value. When people stop accepting it, then it is worthless. Cryptocurrency which is backed by an active use case is worth holding long term. We need to look at how Litecoin has been consistent, long and strong for more than 11 years now. It is here to stay.

See original here:

Litecoin (LTC) Plays Testbed for Bitcoin and Therefore it is Worth Hoarding - The Cryptocurrency Analytics

Following the release of its quarterly report, crypto asset management company Grayscale has published an update on the weighting of its Digital Large Cap Fund (DLC Fund). According to Grayscale, it will increase its exposure to Bitcoin (BTC) and Ethereum (ETH), but will reduce its allocation of XRP, Bitcoin Cash (BCH) and Litecoin (LTC).

According to Grayscale, the DLC is a passive fund based on strategic rules. Customers of the active crypto asset management company can use it to gain exposure to 70% of the crypto market segment. For this purpose, the DLC fund is composed of the 5 cryptocurrencies mentioned above. As announced via Twitter, Grayscale has decided not to add any new crypto assets after its last quarterly valuation.

As a result, Grayscale adjusted and increased its holdings of Bitcoin by 0.5% between March 31 and June 30, 2020, so that they now represent 81.5% of the DLC Fund. Regarding Ethereum, Grayscale increased its holdings by 2.1% and its share in the fund by 11.7%. The other cryptocurrencies saw their percentages fall.

Of all the cryptocurrencies, XRP recorded the largest decline, down 1.4%, with XRP now accounting for 3.6% of the fund. Bitcoin Cash lost 0.8% and Litecoin 0.6%. As can be seen below, these two cryptocurrencies represent 3.2% of the DLC.

Source: https://twitter.com/GrayscaleInvest/status/1280150389506146304/photo/1

Grayscale announced that its next quarterly evaluation will occur in September 2020. By that time it may adjust the DLC Fund again. The crypto asset management firm has $33 million in net assets under management (AUM) located in its Grayscale Digital Large Cap Fund.

In addition, Grayscale revealed that it has $4.1 billion in its total assets under management (AUM). Of the products offered by the crypto asset management firm, the Grayscale Bitcoin Trust (GBTC) remains the largest with $3,551.7 million. The Grayscale Ethereum Trust has a total of $410 million and, although smaller than the BTC-based fund, handles a larger amount than all the other products offered.

Source: https://twitter.com/GrayscaleInvest/status/1281689373394821121/photo/1

The asset management firm has been one of the most important participants of the crypto market in 2020 by bringing institutional investors into the market. Compared to this years AUM of $4.1 billion, Grayscales investment in cryptocurrencies during 2019 was $1.17 billion in AUM. This represents a 250% increase, and an investment that exceeds anything Grayscale has done in previous years in terms of crypto assets.

Original post:

Grayscale shifts DLC fund further to Bitcoin, Ethereum at the cost of XRP, BCH, LTC - Crypto News Flash

Litecoin 4 Hour Price Update

Updated July 19, 2020 03:18 PM GMT (11:18 AM EST)

Litecoin is down 0.31% ($0.13) since the previous 4 hours, marking the 2nd candle in a row a decline has happened. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous 4 hours.

Litecoins 5 day negative streak has officially concluded, as the candle from the day prior closed up 1.36% ($0.57). The change in price came along side change in volume that was down 16.47% from previous day, but up 5.02% from the Saturday of last week. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the day in terms of price change relative to the day prior. Below is a daily price chart of Litecoin.

The first thing we should note is that Litecoin is now close to its 20, 50 and 100 day averages, located at 42.96, 44.02 and 44.01 respectively, and thus may be at a key juncture along those timeframes. For additional context, note that price has gone down 9 out of the past 14 days.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Litecoin for the past day were:

The Litecoin community is strong, but there are a lot of haters that keep regurgitating the same ol ish, lack of development falseCharlie selling his coinsno pre mine no founders rewards, he can do what he wants Do us all a favor a call these lames out when ya see em #LTC

The first time I ever heard of Litecoin was from people talking crap about it somewhere on the internet. They mentioned Charlie Lee, I youtubed him, and he made perfect sense to me and so did Litecoin. So yes, in a sense, any publicity is good publicity..

I know a lot of you think that youre accumulating LINK at 8 dollars, but its my opinion that the top is in for a while. It reminds me of Litecoin at 160 a while back. Id tread carefully and look for less obvious plays.

See more here:

Litecoin (LTC) Down $0.39 Over Past 4 Hours; Started Today Up 1.36% - CFDTrading

For the day ahead

Stellars Lumen would need to avoid a fall through the $0.09440 pivot to support a run at the first major resistance level at $0.09876.

Support from the broader market would be needed, however, for Stellars Lumen to break out from last weeks high $0.09776.

Barring another broad-based crypto rally, the first major resistance level and Sundays high $0.097762 would likely limit any upside.

Failure to avoid a fall through the $0.09440 pivot would bring the first major support level at $0.09100 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should avoid sub-$0.090 levels. The second major support level sits at $0.08662.

Major Support Level: $0.09100

Major Resistance Level: $0.09876

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX fell by 0.85% on Sunday. Partially reversing a 1.27% gain from Saturday, Trons TRX ended the week up by 7.24% to $0.01821.

It was also a bullish start to the day. Trons TRX rose to an early morning intraday high $0.018526 before hitting reverse.

Falling short of the first major resistance level at $0.01881, Trons TRX fell to an early afternoon intraday low $0.017921.

Trons TRX fell through the first major support level at $0.01809 before recovering to $0.01800 levels.

While moving back through to $0.018 levels, the first major support level pinned Trons TRX back late in the day.

At the time of writing, Trons TRX was down by 0.52% to $0.018115. A mixed start to the day Trons TRX rise from an early morning high $0.01824 to a low $0.01810.

Trons TRX tested the first major support level at $0.01686 early on.

Original post:

Litecoin, Stellar's Lumen, and Tron's TRX - Daily Analysis July 13th, 2020 - FX Empire

Litecoin 4 Hour Price Update

Updated July 18, 2020 03:18 PM GMT (11:18 AM EST)

Litecoin closed the previous 4 hours up 0.31% ($0.13); this denotes the 3rd candle in a row an increase has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Litecoin is down 0.43% ($0.18) since the previous day, marking the 5th day in a row a decline has happened. This move happened on lower volume, as yesterdays volume was down 56.16% from the day before and down 25.51% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.

Coming into today Litecoin is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Litecoins price has gone down 7 them.

Over on Twitter, here were the top tweets about Litecoin:

The first time I ever heard of Litecoin was from people talking crap about it somewhere on the internet. They mentioned Charlie Lee, I youtubed him, and he made perfect sense to me and so did Litecoin. So yes, in a sense, any publicity is good publicity..

Remember when Litecoin was in the low 20s last year and a few months later, it was over 100?Its only a matter of time before that volatility returns.

@litecoin_bull @ROYALMRBADNEWS Since I saw the Wayfair alphabet kids I havent been able to sleep. Its one thing to know, its quite another to see. Im trying to be strong but Im kinda losing it. Thank God for God!

See the original post here:

Litecoin (LTC) Up $0.43 Over Past 4 Hours, Moves Down For the 5th Day In A Row; Price Base in Formation Over Past 14 Days - CFDTrading

Litecoin 4 Hour Price Update

Updated July 18, 2020 07:18 PM GMT (03:18 PM EST)

Litecoin came into the current 4 hour candle up 0.14% ($0.06) from the open of the last 4 hour candle, marking the 4th candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Litecoin closed yesterday down 0.43% ($0.18); this denotes the 5th day in a row a decline has happened. This move happened on lower volume, as yesterdays volume was down 56.16% from the day before and down 25.51% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the day in terms of price change relative to yesterday. Here is a daily price chart of Litecoin.

The first thing we should note is that the current price of Litecoin is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 9 out of the past 14 days.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Litecoin for the past day were:

The first time I ever heard of Litecoin was from people talking crap about it somewhere on the internet. They mentioned Charlie Lee, I youtubed him, and he made perfect sense to me and so did Litecoin. So yes, in a sense, any publicity is good publicity..

Remember when Litecoin was in the low 20s last year and a few months later, it was over 100?Its only a matter of time before that volatility returns.

@litecoin_bull @ROYALMRBADNEWS Since I saw the Wayfair alphabet kids I havent been able to sleep. Its one thing to know, its quite another to see. Im trying to be strong but Im kinda losing it. Thank God for God!

View post:

Litecoin (LTC) Down $0.03 On 4 Hour Chart, Entered Today Down 0.43%; Price Base in Formation Over Past 14 Days - CFDTrading

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Originally posted here:

Digital Coin Market 2020 Expected to Reach USDXX Million by 2024- Bitcoin, Ethereum, Ripple, Litecoin - Jewish Life News

Price wise, Litecoin (LTC) has had a pretty rough year and currently the altcoin is down 51% over the past twelve months. The lack of GitHub activity and planned protocol upgrades have Litecoin co-founder Charlie Lee to admit 2019 saw a historic low in the number of developers working on Litecoin Core, the software behind network nodes.

The beginning of 2020 was no different and Charlie Lee asked for voluntary LTC miner donations to help boost development funding. Uncertainties regarding Litecoin's future have caused investors to lose interest in the project and this is reflected both on-chain and in LTCs trading metrics.

The interesting thing is, even though most would consider investors disinterest a negative driver, some have been quietly hoarding LTC.

Volume is the single most relevant indicator of traders' interest and Litecoin has been failing miserably in this area. Traded volume on major exchanges has been trending down for the past twelve months and has recently dropped to its lowest level in two years.

Litecoin 30-day average volume. Source: TradingView

Litecoin ranks third on Nomic transparent trading volume at $80 million per day. This is 50% above Bitcoin Cash (BCH), and EOS but the figure remains 45% below the previous eleven months when there was $146 million in daily volume on average.

A number of reasons could be behind the drastic change and it should be noted that even lower activity on exchanges does not necessarily translate to less blockchain usage, that has been the case.

On-chain metrics provide realistic insights into transfers, fees, active addresses, and many useful indicators that will be of interest to traders.

Transfer value is a leading on-chain indicator measuring user activity as it adds up all coins moved daily. CoinMetrics analysis provides more precise data by adjusting these figures to exclude mixers and transactions between the same entities.

Litecoin daily adjusted transfer sum 14-day average. Source: CoinMetrics

Daily adjusted transfers have been hovering around $20 million which is 83% below peak 2019 levels. The current level is comparable to Tezos (XTZ), a much newer and smaller cryptocurrency whose primary use-case has nothing to do with fast or cheap transactions.

Charlie Lee's proposal included smaller block intervals than Bitcoin (BTC) and a simpler algorithm which removed the signature from the original data for a higher transaction output.

Such a move might have brought substantial interest in Litecoin (LTC) in the past but it is no longer valid as users became aware that 270 confirmations were required to match the computing power behind 3 Bitcoin mined blocks, according to Luke Childs' How Many Confirmations analysis.

Litecoin mean fees per transaction 14-day average (USD). Source: Coinmetrics

LTCs mean fees per transaction dropped to $0.011 which is the lowest level since October 2015. Although many reasons could be behind this, including 75% SegWit usage, the previous daily transfer value analysis points to weak demand from its users.

While Bitcoins median block size exceeds 1.2 megabytes most of the time, Litecoin averages below 0.2 megabytes despite both having similar capacity.

Low usage translates to small fees, reducing miners' interest and resulting in a negative feedback loop as investors pay attention to the processing power behind each blockchain.

Litecoin hashrate. Source: CoinWarz

The Litecoin hashrate decreased by 45% since its October 2019 halving, which usually raises concerns of 51% attacks. This unused processing power capability could theoretically be used to compete with honest miners.

Either way, there's no positive read of fewer miners directing investments towards Litecoin. Unlike trading, mining activity is exclusively a long-term commitment as the payout usually exceeds a quarter and sometimes an entire year.

After so many negative indicators, one would expect holders' activity to display weakness as both the price and network usage have been trending down for over a year.

One could also mention the lackluster performance of recent code advancements, including the MimbleWimble-technology privacy capability proposed in October 2019.

Litecoin unspent UTXO age. Source: Investificar.com.br

Oddly enough, the opposite holds, as 63.8% of Litecoin supply remains untouched in the past 12 months. In fact, this is the highest level ever.

According to the above Hodl Wave chart, also known as the UTXO age distribution chart, the percentage of coins that haven't moved is increasing at an extraordinary pace.

The number of coins unmoved for 12 or more months at the beginning of 2020 stood at 56.7%. This additional 7% held by long term-investors is currently valued at $209 million which is enough to acquire 30% of the entire DASH supply.

There's no way to assure the rationale behind such hoarding activity, but its impact over circulating supply is a net positive.

This activity doesn't change the fact that the same amount of LTC will continue to be mined every day until next halving in 2023, nevertheless it provides a critical price support level.

Recently, investors have been speculating about a potential Litecoin integration with Cardano (ADA) and if true, this could be a bullish factor for Litecoin.

There is also the possibility of a crypto-market bull trend occurring and as investors begin to speak about an alt season starting, Litecoin might face increased odds of large pumps as long-term investors tend to be less tempted to sell at the first price move.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Go here to see the original:

If Crypto Traders Abandoned Litecoin Why Are Investors Hoarding LTC? - Cointelegraph

Litecoin

Litecoin rallied by 4.47% on Wednesday. Reversing a 1.54% fall from Tuesday, Litecoin ended the day at $45.33.

A mixed start to the day saw Litecoin fall to an early morning intraday low $43.11 before making a move.

Steering clear of the first major support level at $42.65, Litecoin rallied to a late intraday high $45.63.

Litecoin broke through the first major resistance level at $44.27 and the second major resistance level at $45.18.

The second major resistance level at $45.18 delivered support late in the day.

At the time of writing, Litecoin was down by 0.93% to $44.91. A bearish start to the day saw Litecoin fall from an early morning high $45.42 to a low $44.75.

Litecoin left the major support and resistance levels untested early in the day.

Litecoin would need to avoid a fall through the $44.69 pivot to support a run at the first major resistance level at $46.27.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesdays high $45.63.

Barring another crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $44.69 pivot would bring the first major support level at $43.75 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$43 levels. The second major support level sits at $42.17.

Major Support Level: $43.75

Major Resistance Level: $46.27

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen jumped by 15.61% on Wednesday. Following on from a 2.76% gain on Tuesday, Stellars Lumen ended the day at $0.08537.

It was a particularly bullish day. Stellars Lumen rallied from an early morning intraday low $0.073852 to a late intraday high $0.085486.

Stellars Lumen broke through the days major resistance levels to hit its highest level since $0.086 on 4th June.

At the time of writing, Stellars Lumen was up by 1.32% to $0.086510. A mixed start to the day saw Stellars Lumen fall to an early morning low $0.084334 before striking a high $0.086979.

Stellars Lumen left the major support and resistance levels untested early on.

Stellars Lumen would need to avoid a fall through the $0.08157 pivot to support a run at the first major resistance level at $0.08929.

Story continues

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.086979.

Barring another broad-based crypto rally, the first major resistance level at $0.08929 would likely limit any upside.

Failure to avoid a fall through the $0.08157 pivot could see Stellars Lumen struggle throughout the day.

A pullback through to sub-$0.080 levels would bring the first major support level at $0.07766 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should avoid sub-$0.080 levels.

Major Support Level: $0.07766

Major Resistance Level: $0.08929

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 4.64% on Wednesday. Recovering from Tuesdays 4.81% slide, Trons TRX ended the day at $0.017942.

It was a mixed start to the day. Trons TRX fell to an early morning intraday low $0.016865 before making a move.

Finding support at the first major support level at $0.01686, Trons TRX rallied to a late afternoon intraday high $0.018168.

Trons TRX broke through the first major resistance level at $0.01790 to revisit $0.018 levels before easing back.

While finding support at the first major resistance level, Trons TRX failed to wrap up the day at $0.018 levels.

At the time of writing, Trons TRX was down by 1.09% to $0.017747. A bearish start to the day saw Trons TRX fall from an early morning high $0.017960 to a low $0.017715.

Trons TRX tested the first major support level at $0.01686 early on.

Trons TRX would need to avoid a fall through the $0.01766 pivot level to support a run at the first major resistance level at $0.01845.

Support from the broader market would be needed, however, for Trons TRX to break out from Wednesdays high $0.018168.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $0.01766 pivot level would bring the first major support level at $0.01715 into play.

Barring an extended crypto sell-off, Trons TRX should steer clear of sub-$0.017 levels. The second major support level sits at $0.01636.

Major Support Level: $0.01715

Major Resistance Level: $0.01845

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

The rest is here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 9th, 2020 - Yahoo Finance

Litecoin

Litecoin fell by 1.31% on Sunday. Reversing a 0.22% gain from Saturday, Litecoin ended the week up by 0.60% to $41.59.

A mixed start to the day saw Litecoin rise to an early morning intraday high $42.22 before hitting reverse.

Litecoin broke through the first major resistance level at $42.55 before hitting reverse.

The reversal saw Litecoin slide to a late intraday low $40.75.

Litecoin fell through the first major support level at $41.08 before recovering to $41.5 levels.

At the time of writing, Litecoin was up by 0.46% to $41.78. A mixed start to the day saw Litecoin fall to an early morning low $41.53 before rising to a high $41.82.

Litecoin left the major support and resistance levels untested early in the day.

Litecoin would need to avoid a fall through the $41.5 pivot to support a run at the first major resistance level at $42.29.

Support from the broader market would be needed, however, for Litecoin to break back through to $42 levels.

Barring another crypto rally, the first major resistance level and Sundays high $42.22 would likely cap any upside.

Failure to avoid a fall through the $41.15 pivot would bring the first major support level at $40.82 into play.

Barring an extended crypto sell-off, Litecoin should steer clear of sub-$40 levels. The second major support level at $40.05 should limit any downside.

Major Support Level: $40.82

Major Resistance Level: $42.29

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen fell by 0.95% on Sunday. Reversing a 0.61% gain from Saturday, Stellars Lumen ended the week up by 4.40% to $0.067170.

A mixed start to the day saw Stellars Lumen rise to an early morning intraday high $0.067813 before taking a hit.

Coming up short of the first major resistance level at $0.06860, Stellars Lumen fell to a late intraday low $0.065227.

Stellars Lumen fell through the first major support level at $0.06684 and the second major support level at $0.06588.

Finding late support, Stellars Lumen move back through the major support levels to wrap up the week at $0.067 levels.

At the time of writing, Stellars Lumen was down by 0.12% to $0.067092. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.067239 to a low $0.067092.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to avoid a fall through the $0.06675 pivot to support a run at the first major resistance level at $0.06824.

Support from the broader market would be needed, however, for Stellars Lumen to break out from Sundays high $0.067813.

Barring another broad-based crypto rally, the first major resistance level and Sundays high would likely limit any upside.

Failure to avoid a fall through the $0.06675 pivot could see Stellars Lumen struggle throughout the day.

A pullback through to sub-$0.066 levels would bring the first major support level at $0.06565 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of the second major support level at $0.06415.

Major Support Level: $0.06565

Major Resistance Level: $0.06824

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX rose by 0.79% on Sunday. Following on from a 1.06% gain on Saturday, Trons TRX ended the week up by 7.56% to $0.016983.

Tracking the broader market, Trons TRX rose to an early morning high $0.016850 before hitting reverse.

Falling short of the first major resistance level at $0.01694, Trons TRX slid to a late morning intraday low $0.016355.

Trons TRX fell through the first major support level at $0.01661 and the second major support level at $0.01643.

A choppy 2nd half of the day saw Trons TRX fall back from $0.0166 levels to sub-$0.0164 levels before a late rebound. The rebound saw Trons TRX strike an intraday high $0.017001 before easing back.

Trons TRX broke through the first major resistance level at $0.01694 in the final hour.

At the time of writing, Trons TRX was up by 3.87% to $0.017639. A particularly bullish start to the day saw Trons TRX rally from an early morning low $0.016980 to a high $0.017649.

Trons TRX broke through the first major resistance level at $0.01720 and the second major resistance level at $0.01743 early on.

Trons TRX would need to avoid a fall back through the second major resistance to support a run at the third major resistance level at $0.01807.

Support from the broader market would be needed, however, for Trons TRX to break through to $0.018 levels.

Barring an extended crypto rally, the third major resistance level would likely cap any upside.

Failure to avoid a fall through the second major resistance level would bring sub-$0.017 levels back into play.

Barring another extended crypto sell-off, Trons TRX should steer clear of the first major support level at $0.01656.

Major Support Level: $0.01656

Major Resistance Level: $0.01720

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Here is the original post:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 6th, 2020 - Yahoo Finance

Litecoin 4 Hour Price Update

Updated July 11, 2020 11:18 AM GMT (07:18 AM EST)

Litecoin is down 0.52% ($0.23) since the previous 4 hours, marking a reversal from the candle prior and the end of a 3 four-hour candle positive run. Litecoin outperformed all 5 assets in the Top Cryptos asset class since the previous 4 hours.

Litecoin is down 0.18% ($0.08) since the previous day, marking the 2nd day in a row it has gone down. The change in price came along side change in volume that was down 36.48% from previous day, but up 64.94% from the Friday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of Litecoin.

Notably, the current price of Litecoin is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Litecoins price has gone down 16 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Litecoin for the past day were:

@Cardano_Guy @CryptoIRELAND1 @litecoin @IOHK_Charles @_Cardano_ADA @HukAleksandra @TheCryptoLark Completely agree. Co-operation is what is required in the eco-system. Lets get rid of these squabbles and start to build the future; as long as were part of the ecosystem; after all, thats why this is blockchain 3.0

It seems like the spirit of the Cypherpunk Manifesto is in favor of experimentation and sharing of code to make a better world so forks & alts fit that.Again very different story if there was a fundraise that changes things a lot Im talking Litecoin, Monero etc.

This cryptocurrency, Dogecoin: shit started as a joke back in 2013, right?actually a pretty solid crypto with a silly name attached to it running on a similar code as Litecoin without a cap so its very volatile/reliable & low exchange fees

Originally posted here:

Litecoin (LTC) Down $0.23 On 4 Hour Chart, Started Today Down 0.18%; in an Uptrend Over Past 14 Days - CFDTrading

Cardanos ADA recently overtook Litecoin (LTC) in market capitalization. Now it may have passed Bitcoin Satoshi Vision (BSV) as well, depending on how the metric is calculated.

BCH, BSV, ADA & LTC. Source: CoinMarketCap.

At the time of this writing, CoinMarketCap, or CMC, shows ADA in seventh spot, while Nomics has it at sixth - just ahead of BSV. The controversy stems from the circulating supply - CMC reports 25,927,070,538, while Nomics has the figure at 31,112,484,646. This represents a five billion ADA discrepancy. Blockchair, a blockchain search and analytics engine, agrees with Nomics.

Nomics CTO Nick Gauthier pointed out that the difference comes from the fact that his company includes ADAs allocated to the Cardano Foundation, IOHK, and Emurgo in the circulating supply, while, apparently CMC does not. According to a cached copy of the Cardano Foundation website, the three entities were given 648,176,761, 2,463,071,701 and 2,074,165,644 ADA tokens respectively. These numbers add up to 5,185,414,106 - precisely the difference between the amount reported by various data providers. Based on the current ADA price, these tokens are worth about $590 million.

The question still arises of whether these tokens should be included in the circulating supply. This should probably depend on the lockup mechanisms, if any, for the tokens remaining with those organizations. Presumably, some of the tokens have been spent and thus have become part of the circulating supply. The updated version of the site does not have any information on token distribution.

Cointelegraph reached out to IOHK for clarification, but did not receive a response in time for publication.

The ADA spring bull run. Source: Nomics.

Regardless of the circulating supply issue, ADA has been on a remarkable bull run that ensued after Black Thursday. On March 11. At that time, the price of ADA was $0.024; as of this writing, it is $0.114. The difference represents a 475% appreciation. It is still far below its all-time high of $1.16, set in January 2018.

IOHK, the Cardano development company, has reached a number of key milestones and public announcements during this time. The biggest news was the launch of the Shelley mainnet. Around the same time, a decentralized identity solution, Atala PRISM, was unveiled. There was also news about ADA holders being able to stake their coins while in Coinbase custody, and speculation on the likelihood of it being listed on the exchange by the end of 2020.

This momentum also comes on the heels of the Cardano Virtual Summit. According to Charles Hoskison was bigger than Consensus, having been a host to more than 10,000 guests.

Read more from the original source:

Cardano's ADA is Either #6 or 7 By Market Capitalization Depending on Who Counts - Cointelegraph

Litecoin

Litecoin fell by 1.54% on Tuesday. Partially reversing Mondays 5.87% rally, Litecoin ended the day at $43.37.

A mixed start to the day saw Litecoin rise to an early morning intraday high $44.46 before hitting reverse.

Falling short of the first major resistance level at $45.03, Litecoin slid to a late intraday low $42.84.

Steering clear of the first major support level at $42.28, Litecoin recovered to $43 levels to limit the downside.

At the time of writing, Litecoin was down by 0.30% to $43.24. A bearish start to the day saw Litecoin fall from an early morning high $43.41 to a low $43.11

Litecoin left the major support and resistance levels untested early in the day.

Litecoin would need to move through the $43.56 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 another crypto rally, the first major resistance level and Tuesdays high $44.46 would likely cap any upside.

Failure to move through the $43.56 pivot would bring the first major support level at $42.65 into play.

Barring an extended crypto sell-off, however, Litecoin should continue to steer clear of sub-$41 levels. The second major support level at $41.94 should limit any downside.

Major Support Level: $42.65

Major Resistance Level: $44.27

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 2.76% on Tuesday. Following on from a 6.86% rally on Monday, Stellars Lumen ended the day at $0.07376.

A mixed start to the day saw Stellars Lumen fall to an early morning intraday low $0.070312 before finding support.

Steering clear of the first major support level at $0.06837, Stellars Lumen rallied to a late intraday high $0.074290.

Stellars Lumen broke through the first major resistance level at $0.07368. In spite of a late pullback, Stellars Lumen avoided a fall back through the first major resistance level.

At the time of writing, Stellars Lumen was up by 0.14% to $0.073861. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.073852 to a high $0.073861.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to avoid a fall through the $0.07280 pivot to support a run at the first major resistance level at $0.07526.

Support from the broader market would be needed, however, for Stellars Lumen to break out from Tuesdays high $0.074290.

Barring another broad-based crypto rally, the first major resistance level at $0.07526 would likely limit any upside.

Failure to avoid a fall through the $0.07280 pivot could see Stellars Lumen struggle throughout the day.

A pullback through to sub-$0.072 levels would bring the first major support level at $0.07128 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.070 levels. The second major support level sits at $0.06881.

Major Support Level: $0.07128

Major Resistance Level: $0.07526

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX slid by 4.81% on Tuesday. Reversing most of Mondays 6.53% rally, Trons TRX ended the day at $0.01726.

It was a mixed start to the day. Trons TRX rallied to an early morning intraday high $0.018150 before hitting reverse.

Falling short of the first major resistance level at $0.018520, Trons TRX slid to a late intraday low $0.017111.

Trons TRX fell through the first major resistance level at $0.01732 before finding support. A move back through to $0.01720 levels reduced the deficit on the day.

At the time of writing, Trons TRX was down by 1.41% to $0.017018. A bearish start to the day saw Trons TRX fall from an early morning high $0.017146 to a low $0.016865.

Trons TRX tested the first major support level at $0.01686 early on.

Trons TRX would need to move through the $0.01750 pivot level to support a run at the first major resistance level at $0.01790.

Support from the broader market would be needed, however, for Trons TRX to break out from $0.01750 levels.

Barring an extended crypto rally, the first major resistance level at $0.01790 would likely cap any upside.

Failure to move through the $0.01750 pivot level would bring the first major support level at $0.01686 back into play.

Barring another extended crypto sell-off, Trons TRX should steer clear of the second major support level at $0.01647

Major Support Level: $0.01686

Major Resistance Level: $0.01790

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Originally posted here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis July 8th, 2020 - Yahoo Finance

Jul 10, 2020 at 10:56 // News

Litecoin had earlier shot upward in its recent rebound. The price is retracing after reaching a high of $46.

In its earlier uptrend, the coin has been trapped between $41 and $42 for over a week before the eventual breakout. The price broke the $42 resistance and rallied to $46 high. The rally could not reach the $50 overhead resistance because the coin reached the overbought region of the market. In the overbought region, there was a bearish reaction.

The crypto fell to $44 low and resumed a fresh uptrend. The new uptrend is facing penetration difficult at the $44.50 resistance. This may cause further downward move. On the upside, if there is a strong bounce above $44, the momentum will propel the price to break the resistance at $44 and $46 then rally above the $50 overhead resistance. Litecoin will be compelled to a sideways move if the current resistance is not breached.

The recent retracement was because the coin was above the 80% range of the daily stochastic. LTC was in the overbought region as sellers emerged to push prices down. After retracement, price finds support above EMAs. However, if the support above the EMAs holds, Litecoin will resume a fresh uptrend. The crypto will rise as long as the price is above the EMAs.

Key Resistance levels: $80, $100, $120

Key Support levels: $50, $40, $20

Litecoins upward move is intact if the bulls sustain the bullish momentum above the EMAs. On the downside, LTC will be weakened if the bears break below the EMAs. In other words, if price falls below $43 support, LTC will resume a downward move.

Disclaimer. This analysis and forecast are the personal opinions of the author that are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.

Link:

Litecoin Reaches Overbought Region at $46, May Face Selling Pressure - Coin Idol

Litecoin 4 Hour Price Update

Updated July 10, 2020 07:19 AM GMT (03:19 AM EST)

Litecoin closed the last 4 hour candle down 0.99% ($0.44); this denotes the 2nd candle in a row a decrease has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 2nd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Litecoin entered today at $44.37, down 2.14% ($0.97) from the previous day. The price move occurred on volume that was down 30.06% from the day prior, but up 58.99% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

The first thing we should note is that the current price of Litecoin is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Also of note is that on a 90 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 8 out of the past 14 days.

Over on Twitter, here were the top tweets about Litecoin:

Our $LTC Litecoin wallet is now offline for maintenance.When it comes back online, your LTC wallet address will be differentIf you have your old address whitelisted or saved anywhere you MUST update it, as any funds sent to the old address will not be recoverable.

Im going to keep this giveaway going for quite a while longer.I want to give this sponsor more exposure since we had a few big giveaways that hid this sponsors giveaway time of $60 in LiteCoin.

I also like to think of #Litecoin as digital land. If Litecoin were the size of the U.S. one litecoin would be the equivalent of 460 acres of land. At $46 per #LTC this means you can buy up this digital land at $.10/acre. The land rush is on! Head West young man and get some!

See more here:

Litecoin (LTC) Down $0.44 Over Past 4 Hours, Started Today Down 2.14%; Price Base in Formation Over Past 90 Days - CFDTrading

Bitcoin price failed to clear the USD 9,500 resistance level and recently started a downside correction. BTC traded below the USD 9,300 support level and it is currently (08:30 UTC) struggling to stay above USD 9,150. If it fails to stay above USD 9,050 and USD 9,000, there are chances of a strong decline.

Similarly, most major altcoins started a downside correction, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is down close to 3% and it is trading below USD 240. XRP/USD is also down over 3% and it is trading well below USD 0.200.

Total market capitalization

After a steady rise, bitcoin price struggled to continue higher above the USD 9,480 and USD 9,500 levels. BTC is currently correcting lower and it is trading well below USD 9,300. The price is now approaching the USD 9,150 support and it might revisit the USD 9,050 and USD 9,000 support levels.If there are more losses below USD 9,000, there is a risk of more downsides. If not, the price is likely to bounce back above the USD 9,300 resistance level.

Ethereum price is down over 2% and it is trading below the USD 240 level. It seems like ETH is approaching the USD 235 support level. The next major support is near the USD 230 level, below which the bears are likely to take control.Conversely, the price might start a fresh increase above the USD 240 and USD 242 resistance levels. The next major resistance is seen near USD 248.

Bitcoin cash price failed to continue above USD 245 and recently declined below the USD 240 support. The current price action suggests BCH is likely to continue lower towards the USD 232 and USD 230 support levels. On the upside, the USD 240 level might once again act as a barrier in the near term.Litecoin failed to stay above the USD 45.50 pivot level and it recently started a downside correction. LTC is trading below USD 45.00 and it is approaching the USD 44.00 level. The first key support is near the USD 43.20 level, below which the price might test the main USD 42.20 support zone. XRP price traded to a new weekly high above USD 0.210 before starting a fresh decrease. The price broke the USD 0.202 and USD 0.200 support levels. XRP is now approaching the USD 0.196 support and it might even continue to move down towards the USD 0.192 support. On the upside, the USD 0.202 is a hurdle before the USD 0.205 resistance.

In the past three sessions, a few small-capitalization altcoins gained over 10%, including ERD, BTT, SERO, and TMTG. Conversely, FXC, HEDG, DOGE, VET, SC, and SNT are down more than 10%.

Overall, bitcoin price is showing a few bearish signs below USD 9,200. If BTC continues to move down towards USD 9,000, there is a risk of a sharp decline. On the other hand, the bulls are likely to aim a fresh increase towards USD 9,500._____

Read more:

Bitcoin and Altcoins Start Corrective Decrease, Key Supports Nearby - Cryptonews