Studies target unilateral gene therapy injection – Ophthalmology Times

Abstract / Synopsis:

Research is finding key patient benefits to gene therapy as a promising treatment strategy for Leber's hereditary optic neuropathy (LHON).

This article was reviewed by Patrick Yu-Wai-Man, FRCOphth, FRCPath, BMedSci, MBBS, PhD

Data from two clinical studies of Lebers hereditary optic neuropathy (LHON) showed substantial visual improvements in patients with both disease durations of less than six months and between six months and one year. The improvements resulted from a unilateral injection of a gene therapy vector (GS010) and remarkably, the viral vector seemed to be carried over to the untreated eye.

The mechanism of action for these unexpected results need to be clarified with further experimental work.

Related: Research targets precision dosing for gene, cell therapy

LHON is the most common cause of mitochondrial blindness with a minimal prevalence of one in 30,000 individuals in the population. It causes blindness mostly in young adult men with a peak age of onset in the third decade of life. It is invariably a bilateral disorder in which the fellow eye becomes affected within three to six months after disease onset in the first eye.

Both eyes are affected simultaneously in about 25% of patients, according to Patrick Yu-Wai-Man, FRCOphth, FRCPath, BMedSci, MBBS, PhD, an academic neuro-ophthalmologist with faculty positions at the University of Cambridge, Moorfields Eye Hospital, and the UCL Institute of Ophthalmology, in the UK.

Three primary mutations within the mitochondrial genome cause about 90% of cases worldwide, namely, m.3460G>A, m.11778G>A and m.14484T>C, with m.11778G>A being the most common mutation by far, accounting for over 70% of those affected with LHON. Unfortunately, most affected patients remain legally blind with vision worse than 1.3 logarithm of the minimum angle of resolution (logMAR) or 3/60 in Snellen equivalent.

Given the poor prognosis, there is an urgent clinical need to identify effective treatments for this blinding optic nerve disease.

Related: LHON gene therapy: Deciphering phase III data

TreatmentGene therapy is obviously a very attractive treatment option, because the underlying pathophysiology is due to insufficient amount of the wild-type protein, Dr. Yu-Wai-Man said. Therefore, if the defective gene is replaced, we should be able to rescue the retinal ganglion cells, preserving function and improving the visual prognosis.

He described the principles of allotopic gene expression that involves inserting the mitochondrial gene of interest, in this case MTND4, into the nuclear genome with a modified viral vector. The wild-type protein produced has a specific mitochondrial targeting sequence that directs it to be imported into the mitochondrial compartment.

The use of an intravitreal injection is a big advantage for this treatment approach as it is a relatively straightforward procedure that provides direct access to the inner retina. Previous preclinical work indicates that allotopic expression is able to rescue the retinal ganglion cells from the deleterious effects of the m.11778G>A mutation.

Related: Gene therapy offering hope for retinal, corneal patients

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Studies target unilateral gene therapy injection - Ophthalmology Times

Otonomy Presents Preclinical Results for GJB2 Gene Therapy Collaboration and Cisplatin Otoprotection Program – Yahoo Finance

SAN DIEGO, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Otonomy, Inc.(OTIC), a biopharmaceutical company dedicated to the development of innovative therapeutics for neurotology, today announced preclinical results from the companys gene therapy collaboration with Applied Genetic Technologies Corporation (AGTC) focused initially on treating GJB2 deficiency for congenital hearing loss, and preclinical results demonstrating the therapeutic potential of a class of compounds being evaluated for otoprotection against cisplatin-induced hearing loss (CIHL). These results were presented during the ongoing Association for Research in Otolaryngology (ARO) 43rd Annual MidWinter Meeting being held in San Jose, California.

Together with our strategic partner, AGTC, we are encouraged by these initial preclinical results that demonstrate our ability to express a gene of interest in the target cells relevant to the treatment of congenital hearing loss due to GJB2 deficiency," said David A. Weber, Ph.D., president and chief executive officer of Otonomy. Also, the preclinical results presented for our OTO-510 program highlight the therapeutic potential of a novel class of cisplatin-binding molecules for protection against CIHL and the higher potency of these agents versus other molecules currently in clinical development.

Preclinical Results for GJB2 Gene Therapy Collaboration

In October 2019, Otonomy and AGTC announced a strategic collaboration to co-develop and co-commercialize an AAV-based gene therapy to restore hearing in patients with sensorineural hearing loss caused by a mutation in the gap junction protein beta 2 gene (GJB2) -- the most common cause of congenital hearing loss. The joint presentation by Otonomy and AGTC at ARO provided initial demonstration that a gene of interest can be expressed in support cells of the cochlea, which are the relevant target cells for treating GJB2 deficiency, using novel and proprietary AAV capsids. Furthermore, these studies identified several capsids with favorable tropism and gene expression level in support cells compared to previously reported capsids used in the field. Importantly, none of the novel AAV capsids evaluated for further development exhibited signs of cellular toxicity.

Preclinical Results for OTO-510 Otoprotection Program

Cisplatin is a potent chemotherapeutic agent that is widely used to treat a variety of cancers in adults and children. Unfortunately, the administration of cisplatin is commonly associated with severe adverse effects including CIHL that is progressive, bilateral and irreversible. At ARO, Otonomy presented preclinical results demonstrating varying degrees of otoprotection against CIHL for several different classes of therapeutic agents. In particular, a novel proprietary class of agents that potently bind to cisplatin demonstrated greater otoprotection than anti-oxidant and anti-apoptotic molecules, and increased potency relative to other cisplatin-binding molecules currently in clinical development. These results highlight the therapeutic potential of Otonomys novel otoprotectant agents as the basis for the OTO-510 program for CIHL.

About Otonomy

Otonomy is a biopharmaceutical company dedicated to the development of innovative therapeutics for neurotology. The company pioneered the application of drug delivery technology to the ear in order to develop products that achieve sustained drug exposure from a single local administration. This approach is covered by a broad patent estate and is being utilized to develop a pipeline of products addressing important unmet medical needs including Mnires disease, hearing loss, and tinnitus. For additional information please visit http://www.otonomy.com.

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Otonomy. Forward-looking statements in this press release include, but are not limited to expectations regarding the potential benefits, development activity and advancement of preclinical programs; the potential benefits of and activity under the collaboration agreement between AGTC and Otonomy, including but not limited to development activity; and statements by Otonomys president and CEO. Otonomys expectations regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties. Actual results may differ materially from those indicated by these forward-looking statements as a result of these risks and uncertainties, including but not limited to: Otonomys limited operating history and its expectation that it will incur significant losses for the foreseeable future; Otonomys ability to accurately forecast financial results; Otonomys ability to obtain additional financing; Otonomys dependence on the regulatory success and advancement of its product candidates; the uncertainties inherent in the clinical drug development process, including, without limitation, Otonomys ability to adequately demonstrate the safety and efficacy of its product candidates, the nonclinical and clinical results for its product candidates, which may not support further development, and challenges related to patient enrollment in clinical trials; Otonomys ability to obtain regulatory approval for its product candidates; the risks of the occurrence of any event, change or other circumstance that could give rise to the termination of the collaboration agreement between AGTC and Otonomy; the risks of the occurrence of any event, change or other circumstance that could impact Otonomys ability to repay or comply with the terms of the loan provided by Oxford Finance LLC; side effects or adverse events associated with Otonomys product candidates; Otonomys ability to successfully commercialize its product candidates, if approved; competition in the biopharmaceutical industry; Otonomys dependence on third parties to conduct nonclinical studies and clinical trials; Otonomys dependence on third parties for the manufacture of its product candidates; Otonomys dependence on a small number of suppliers for raw materials; Otonomys ability to protect its intellectual property related to its product candidates in the United States and throughout the world; expectations regarding potential therapy benefits, market size, opportunity and growth; Otonomys ability to manage operating expenses; implementation of Otonomys business model and strategic plans for its business, products and technology; and other risks. Information regarding the foregoing and additional risks may be found in the section entitled "Risk Factors" in Otonomys Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on November 5, 2019, and Otonomys future reports to be filed with the SEC. The forward-looking statements in this press release are based on information available to Otonomy as of the date hereof. Otonomy disclaims any obligation to update any forward-looking statements, except as required by law.

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Otonomy Presents Preclinical Results for GJB2 Gene Therapy Collaboration and Cisplatin Otoprotection Program - Yahoo Finance

Eyeing a trio of trial initiations, Jim Wilson’s gene therapy startup woos Bruce Goldsmith from Deerfield as CEO – Endpoints News

Passage Bio Jim Wilsons self-described legacy company has wooed a seasoned biotech executive to steer the clinical entry of its first three gene therapy programs.

Bruce Goldsmith jumps to the helm of Passage after a brief CEO stint at Civetta, a cancer-focused startup he helped launch while a venture partner at Deerfield. He takes over from OrbiMed partner and interim chief Stephen Squinto, who will now lead the R&D team.

He joins as the biotech preps IND filings for three lead programs in rare, monogenic diseases of the central nervous system in 2020 the lysosomal storage disorders GM1 gangliasidosis and Krabbe disease, as well as frontotemporal dementia.

Bruce is ideally suited to lead Passage Bio as chief executive officer given his strong neuroscience background coupled with his robust healthcare and biotechnology industry experience, board chairman Tachi Yamada said in a statement.

Passage launched last February with $115 million from a marquee group of Series A investors including Frazier (where Yamada is a partner), OrbiMed, Versant Ventures, New Leaf Venture Partners, Vivo Capital and Lilly Asia Ventures. With an office just a 10-minute walk away from Wilsons lab at the University of Pennsylvania, the company was designed to apply the gene therapy pioneers 35-year experience into cross-correctional therapies for CNS.

According to what he calls the Jim Wilson 90/10 rule, Squinto previously told Endpoints News, AAV vectors can cover and transduce 90% of motor neuron cells but only 10% to 15% of other brain cells making it difficult to go after indications where broad transduction is needed. But it can still prove useful in disorders that result from mutations in enzymes that can be taken up by neighboring cells once secreted normally.

A close pact with Penns Gene Therapy Program and Orphan Disease Center gave Passage rights to five programs right out of the gate, with options to license seven more.

Its a very aggressive clinical development strategy across a multitude of programs, Squinto said as he closed a $110 million Series B in September. Were not gonna rely on any one program to drive the value of Passage, were gonna rely on what is a very very full pipeline of opportunities.

Goldsmith will now lead a team of about 25 to build on preclinical and IND-enabling data from Wilsons lab a company growing exercise he honed as COO of Lycera. There, he was also credited for a number of business development initiatives.

The transition into the clinic would also mean moving production from early facilities at Penn to Paragons GMP sites, and eventually to a customized suite slated for completion in the third quarter of this year.

Squinto, a rare disease expert who devoted much of his career to Alexion, will continue to help oversee all of that as a board director.

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Eyeing a trio of trial initiations, Jim Wilson's gene therapy startup woos Bruce Goldsmith from Deerfield as CEO - Endpoints News

The FDA unveils a new regulatory framework to speed along gene therapies, rewarding the leading players – Endpoints News

With so much money and so many promises in biotech, somethings got to go bust. And in 2019, a lot did.

Although last year saw the second-most new drug approvals since 1997, it also saw more biotechs file for bankruptcy than in any year since 2011: 14, if you include disgraced giant Purdue Pharma. And thats not including all the reverse mergers, which led to the disappearance of a host of failed biotechs: Proteon, NewLink, Conatus and Vical, among many others.

Bankruptcies in biotech are generally rare. Rarer still in the absence of a recession and with the industry still awash in cash. Like every year, a couple of biotechs simply ran out of money as their main asset fizzled. But other failures can be read as a stress-test for the industrys blind spots and vulnerabilities in a year where federal investigators pursued opioid manufacturers and biotech execs joined public health experts in raising alarms about the state of antibiotics research. Those failures include:

The biotechs had collectively raised at least $2 billion since 2010, according to data from Deal Formas Chris Dokomajilar. Well go through each.

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The FDA unveils a new regulatory framework to speed along gene therapies, rewarding the leading players - Endpoints News

Physicists: Ancient life might have escaped Earth and journeyed to alien stars – Livescience.com

A pair of Harvard astrophysicists have proposed a wild theory of how life might have spread through the universe.

Imagine this:

Millions or billions of years ago, back when the solar system was more crowded, a giant comet grazed the outer reaches of our atmosphere. It was moving fast, several tens of miles above the Earth's surface too high to burn up as a fireball, but low enough that the atmosphere slowed it down a little bit. Extremely hardy microbes were floating up there in its path, and some of those bugs survived the collision with the ball of ice. These microbes ended up embedded deep within the comet's porous surface, protected from the radiation of deep space as the comet rocketed away from Earth and eventually out of the solar system entirely. Tens of thousands, maybe millions, of years passed before the comet ended up in another solar system with habitable planets. Eventually, the object crashed into one of those planets, deposited the microbes a few of them still living and set up a new outpost for earthly life in the universe.

Related: 5 Reasons to Care About Asteroids

You could call it "interstellar panspermia," the seeding of distant star systems with exported life.

We have no idea whether this ever actually happened .and there's a mountain of reasons to be skeptical. But in a new paper, Amir Siraj and Avi Loeb, both astrophysicists at Harvard University, argue that at least the first part of this story the depositing of the microbes into a comet that gets ejected from the solar system should have happened between one and a few dozen times in Earth's history. Siraj told Live Science that although a lot more work needs to be done to back up the finding, it should be taken seriously and that the paper may have been, if anything, too conservative in its estimate of the number of life-exporting events.

While the study's concept may seem far-fetched, humanity is constantly confronted with seeming impossibilities, like Earth going around the sun, or quantum physics, or bacteria hitching a ride into the galaxy aboard a comet that turn out to be true, Siraj said

And there's been reason to suspect that it might be possible. A series of experiments using small rockets in the 1970s found colonies of bacteria in the upper atmosphere. Comets really do enter and leave our solar system from time to time, and Siraj and Loeb's calculations show that it's plausible, maybe even likely, this has happened to large comets that graze Earth. Comets are porous, and might actually shield microbes from deadly radiation some microbes can survive a remarkably long time in space.

That alone is reason for scientists to take the idea seriously, Siraj said, and for researchers from fields like biology to jump in and figure out some of the details.

"It's a brand new field of science," he told Live Science

However, Stephen Kane, an astrophysicist at the University of California, Riverside, told Live Science that he was deeply skeptical of the suggestion that microbes from Earth might have actually turned up alive on alien planets through some version of this process.

The first problem would occur when the comet slammed into the atmosphere, he said. Siraj and Loeb point out that some bacteria can survive extraordinary accelerations. But the precise mechanism by which the microbes would adhere to the comet is unclear, Kane said, since the aerodynamic forces around the comet might make it impossible for any microbes to reach the surface and work their way deep enough below the surface to be protected from radiation.

It's also not clear, he said, whether any microbes would really have been up high in our atmosphere in the first place Those rocket experiments from the 1970s are old and questionable, he said, and we still don't have a good picture of what the biology of the upper atmosphere really looks like today let alone hundreds of millions of years ago, when comet encounters were much more common.

The biggest question, though, Kane said, is what would happen to the microbes after they landed aboard the comet. It's plausible, he said, that some bacteria might survive decades in space long enough to reach, say, Mars. But there's little direct evidence that any bacteria might survive the thousands or millions of years necessary to travel to another habitable star system. And that's really the key idea of this paper: Researchers have long suggested that debris from major collisions might blast life around between our solar system's planets and moons. But exporting life to an alien star system likely requires a more specialized scenario.

Still, Kane said, the calculations in this study of how precisely a comet might skim through the atmosphere were new to him, and "very interesting."

Siraj didn't strongly challenge any of Kane's concerns, but reframed them one by one as opportunities for further study. He wants to know, he said, precisely what the biology of the upper atmosphere looks like, and how comets might react to it. There's reason to think that at least some bacteria might survive super-long trips through deep space, he said, based on how robust they are under extreme conditions on Earth and in orbit. But for now, it's time for scientists across fields to jump in and start filling in the gaps, Saraj said.

Originally published on Live Science.

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Physicists: Ancient life might have escaped Earth and journeyed to alien stars - Livescience.com

Monsters special teams key in win over Comets – Utica Observer Dispatch

The Utica Comets have recently had mixed results on special teams.

That was again true for the Comets on Saturday against an efficient Cleveland Monsters power play.

The Monsters scored back-to-back goals on the man-advantage over about a two-minute span of game time and added another shorthanded goal to hand the Comets a 3-2 setback in a matinee to close a two-game set between the North Division opponents.

It was the third time in the last six games that the Comets have allowed two power-play goals. The Comets are 17-of-24 (70%) on the penalty kill over the six-game span. The team has dropped to 18th in the AHL on the penalty kill.

Cleveland (21-21-2-2, 46 points) finished 2-for-2 on the power play to help them win for the third time in four games. The Monsters sit near the bottom of the North Division.

The result spelled the fifth setback in the last six games for the Comets (26-18-2-2, 56 points), who are battling for position near the top of the North. The Comets whose 48 games played are most among North teams are 5-6-0-0 in their last 11 contests.

Utica got its own power-play goal from rookie forward David Pope to finish 1-for-5 on the advantage. Lukas Jasek also had a goal for the Comets, who lacked a physical aspect with the same lineup as Fridays shutout win as they remained without forwards Reid Boucher and Jonah Gadjovich among injured players. Justin Bailey and Zack MacEwen are on recall.

Zane McIntyre who had a couple quality saves on high-danger chances to keep the game close finished with 24 saves. Hes 11-10- 2 with a 3.16 goals-against average this season.

Special teams were a factor from the beginning for the Comets and Monsters.

The Comets opened the scoring 3:30 into the game with help from their sixth-ranked power-play. Utilizing strong puck movement by the teams second unit, Pope scored on a backdoor play following a quick pass from Carter Camper. Olli Juolevi also had a good setup to help start the tic-tac-toe play.

Clevelands penalty kill answered 3:12 later against the Comets aggressive power play. Calvin Thurkauf tied it at 1 when he snuck a shot from the right circle around Brogan Rafferty and over McIntyres glove.

It was the 12th shorthanded goal allowed by the Comets this season, which is most in the AHL.

With the Comets on the kill Francis Perron was off for hooking late in the period the Monsters Stefan Matteau made it 2-1 when his one-time blast from the right circle eluded McIntyre over his shoulder with 1:14 left.

Cleveland started the middle frame on the power play following a late Jasek penalty and extended the lead to 3-1 when Trey Fix-Wolansky buried a backdoor feed from Mark Dano just 1:10 into the period.

Utica pulled within 3-2 late in the second when Jasek put in a rebound from the slot for his 13th of the season. The Comets again showed good puck movement on the play with Nikolay Goldobin sending a pass to Jalen Chatfield, who had his one-timer from the high slot denied by Brad Thiessen.

It was Goldobins career-best 27th assist this season and his 100th career assist in the AHL.

The Comets made a good push in the third period, including pulling McIntyre late for an extra attacker. However, the Comets had a power-play late in the game halted after the officials called Kole Lind for tripping with 51 seconds to limit the Comets.

Ferland to join Comets

Canucks General Manager Jim Benning told Vancouver media that forward Micheal Ferland will join the Comets on a conditioning loan this week.

The rugged Ferland (upper body) has been on injured reserve since early December. According to rules, that would mean Ferlands stint would last six days. The loan could be extended, if needed.

Monsters 3, Comets 2

Utica 1 1 0 - 2

Cleveland 2 1 0 - 3

1st Period-1, Utica, Pope 1 (Camper, Juolevi), 3:30 (PP). 2, Cleveland, Thurkauf 6 (Bittner, Karlsson), 6:48 (SH). 3, Cleveland, Matteau 11 (Clendening, Stenlund), 18:46 (PP). Penalties-Fix-Wolansky Cle (hooking), 1:48; Vigneault Cle (slashing), 5:40; Perron Uti (hooking), 18:02; Jasek Uti (hooking), 19:18.

2nd Period-4, Cleveland, Fix-Wolansky 6 (Dano, Matteau), 1:10 (PP). 5, Utica, Jasek 13 (Chatfield, Goldobin), 16:04. Penalties-Somerby Cle (holding), 2:37; Clendening Cle (slashing), 19:41.

3rd Period- No Scoring.Penalties-Clendening Cle (delay of game), 18:37; Lind Uti (tripping), 19:09.

Shots on Goal-Utica 8-9-11-28. Cleveland 13-6-8-27.

Power Play Opportunities-Utica 1 / 5; Cleveland 2 / 2.

Goalies-Utica, McIntyre 11-10-2 (27 shots-24 saves). Cleveland, Thiessen 2-1-0 (28 shots-26 saves).

A-8,752

Referees-Beau Halkidis (48), Jake Jackson (76).

Linesmen-Tyson Baker (88), Jonathan Deschamps (84).

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Monsters special teams key in win over Comets - Utica Observer Dispatch

Comet of the Week: Tago-Sato-Kosaka 1969g – RocketSTEM

My very first comet observation. This is the sketch I made of Comet Tago-Sato-Kosaka as it appeared through my 11-cm reflector on the evening of February 2, 1970.Comet Tago-Sato-Kosaka 1969gsPerihelion: 1969 December 21.27, q = 0.473 AU

Everyone fondly remembers their first. When it comes to comets, my first came exactly 50 years ago on Monday evening, February 2, 1970, when I was 11 years old and in the 6th Grade, and involved a 5th-magnitude fuzzball located close to the 2nd-magnitude star Hamal in the constellation Aries. My best friend, Mark Bakke who was every bit as much into astronomy as I was came over and brought his 60-mm refractor, and by using information within the magazine Sky & Telescope and a pair of 735 binoculars I easily located the comet. I could faintly see it with my unaided eye, and through the 11-cm reflector I had recently acquired it appeared as a bright, diffuse coma with a distinct central condensation. In addition to Mark, I successfully convinced the various members of my family, which included my father, my mother, my paternal grandmother, and my older brother Barry (then 16 years old) to come out and look at it, although to be honest I think I they were a bit underwhelmed. Mark and I, on the other hand, were about as excited as one can be, and we shared our observation with our teacher and classmates at school the following day.

The comet in question had been discovered on October 10, 1969, by a Japanese amateur astronomer, Akihiko Tago. He waited two nights to confirm it, and when he did so it was independently picked up by two more (quite young) Japanese amateur astronomers, Yasuo Sato (age 19) and Kozo Kosaka (age 17). At the time of its discovery Comet Tago-Sato-Kosaka was about 10th magnitude and visible in the western sky after dusk; it traveled southward and brightened, becoming inaccessible from the northern hemisphere in early November and disappearing into twilight from the southern hemisphere in early December, by which time it was about 6th magnitude.

The comet became observable from the southern hemisphere again during the latter part of December, and was reported as being as bright as magnitude 2 to 3, and with a distinct tail. In early January 1970 it started heading back north, and for a while its brightness held fairly steady as it was still approaching Earth (closest approach being 0.38 AU on January 20). It was still around 4th magnitude when it became accessible again from the northern hemisphere in mid-January.

Comet Tago-Sato-Kosaka became the first comet ever to be observed from space, when beginning on January 14 and continuing for the next two weeks a team of astronomers led by Arthur Code at the University of Wisconsin observed it with the Orbiting Astronomical Observatory 2 (OAO-2) spacecraft that had been launched in late 1968. OAO-2s ultraviolet detectors recorded a large cloud of hydrogen almost three degrees across 1 times the diameter of the sun in physical terms. The existence of such a cloud was not unexpected, in fact it had been predicted by the German astronomer Ludwig Biermann in 1964. These Lyman-alpha clouds have now been detected surrounding many other comets, and indeed they are now known to accompany most comets visiting the inner solar system. These and other spacecraft observations of comets are discussed in this weeks Special Topics presentation.

As I indicated, the comet had faded to 5th magnitude by early February. I followed it every night for the next week, and on the evening of February 6 it seemed surprisingly bright, and was easily detectable with the unaided eye. I would later learn that the comet had undergone a brief outburst at that time, and there is some evidence that it might have undergone a small fragmenting event then. On the next two nights the comet had faded back to its normal brightness, and after being clouded out on the evening of the 9th I didnt look for it again. According to other observers, it faded steadily, to around 11th magnitude in early April, and the final photographs were obtained in early May.

50 years later, it occurs to me that, of the five people who shared that initial comet observation with me, only one is still alive. My grandmother passed away in 1973, my father in 2002, and my mother in 2013; Mark, meanwhile, was tragically killed in a gunshot accident in 1984 at the age of 27. My brother Barry is still going strong at age 66 and I hope he continues doing so.

Orbital calculations indicate that Comet Tago-Sato-Kosaka is traveling in a very elongated orbit that will bring it back in about 110,000 years. Perhaps any beginning comet observers from whoever, or whatever, will be living on Earth at that time will once again be able to view it.

Ice and Stone 2020 Week 6 consists of three other articles:This Week in History: February 2-8Special Topic: Comet observations from spaceFun & Games: Word Search #1

Return to home page for Ice and Stone 2020

All of the Ice and Stone 2020 educational materials for Week 6 are available in a PDF format.CLICK HEREto download the content from any of the released weeks.

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Comet of the Week: Tago-Sato-Kosaka 1969g - RocketSTEM

Utica Comets rocked Cleveland Monsters with a 3-0 shutout – The Cannon

Alex Bevan once sang You wanna make a hit record? Ill tell you what to do. You go to Cleveland. You can add to this statement by saying if you want to take in a hockey game, go to Cleveland. The 13,198 fans in attendance at tonights game would likely agree with this statement.

After five days off, the Cleveland Monsters were back in black (uniforms) to take on the Utica Comets. Its the first game back from five days off. Youre not sure what youre going to get, Head Coach Mike Eaves said of the extended break.

Both teams tried their hardest to hit Veini Vehvilainen and Michael DiPietro with their best shot. They kept firing away at the net. At one point, DiPietro launched his body across the crease to stop a laser beam from Kole Sherwood. The shot slammed right into DiPietros mask before bouncing behind the net.

After the five minute mark, things started to heat up between the two teams. Dylan Blujus came barreling towards Trey Fix-Wolansky with every intent to hit him and steal the puck. Fix-Wolansky had other plans on his mind. As Blujus neared his target, Fix-Wolansky quickly turned and laid a hit of his own.

The Comets responded to this hit by scoring a goal 5:08 into the game. Vehvilainen grabbed an errant puck from behind the net and flung it towards Gabriel Carlsson who was posted along the boards. Carter Bancks forced Carlsson to pass the puck behind the net to Adam Clendening. Within moments of receiving the puck, Clendening had his pocket picked by Tanner Sorenson who took off with the puck. From behind the net, Sorenson tossed the puck off to Bancks who tapped the puck into the net for the goal.

Not even a minute later, Derek Barach was collared for tripping putting the Monsters on their first penalty kill of the night. The Monsters struggled to get the puck into the neutral zone during the pk. However, Vehvilainen made a few good plays to prevent goals from happening.

With 7:13 left in the first period, Anton Karlsson dropped to the ground in an attempt to stop Nikolay Goldobins shot from entering the net. The puck flew past Karlssons ear like a summer breeze before it banged off the post into the net to give the Comets the 2-0 lead.

The second period started out with a few penalties from each team. Clendening accidentally kneed one of the Comets while trying to keep them from leaving the neutral zone with the puck. Brett Gallant noticed the Comets werent too pleased with the hit and immediately rushed to Clendenings side in case someones manners slipped . Jalen Chatfield started to come for Clendening in aid of his teammate. Gallant saw him lying low in the weeds ready to ambush Clendening and was all over him with the fervor of a barracuda. After the officials separated everyone, Chatfield and Gallant received a five minute major for roughing. While Clendening received two minutes for kneeing. The Monsters were able to successfully kill the penalty thanks to players like A. Karlsson who sped down the ice faster than a Maserati that goes 185 to chase down Comets who were on a breakaway with the puck.

With 11:13 left in the second period, the Monsters had a two-man advantage for two minutes. They were unable to do anything with the 5-on-3 due to the fact the Comets created a triangle formation in the slot. This formation prevented the Monsters from being able to fire off any decent passes or shots on net.

Early in the third period, Sam Vigneault turned on the burners and fired off a shot at DiPietro. The shot was quickly stopped but Paul Bittner pushed the rebound into the net for the goal. Or so everyone thought. The official quickly waived it off as a no goal. They said it was goalie interference. That was the length of it. Its not reviewable in our league, explained Coach Eaves, We were caught shorthanded on that one. Its the referees discretion. Thats what we were told.

To say the fans were not pleased with the no-goal call would be an understatement. Hate is a strong word but the fans really, really, really didnt like the refs for that call. Boos rained down from every corner of Rocket Mortgage FieldHouse. Then, the ref you suck chants could be heard out of the mouth of both the young and old. As the game continued, the boos for the officials continued. Typically when there is an official timeout fans yell What official?. Tonight, the word official was met with boos upon boos.

The Monsters were never able to get their momentum back. In the waning minutes of the game, the Monsters went on the two-man disadvantage where the Comets delivered the final blow in the form of a power play goal.

Despite the loss, the Monsters fans still have the teams back. The Monsters have their ups and downs. It doesnt matter because this is their team and theyll be right back here at 1pm on Saturday to cheer the Monsters to a redemption victory.

1st - Michael DiPietro (Utica Comets) - 27 saves, 27 shots faced, 60:00 TOI2nd - Carter Bancks (Utica Comets) - 1g, 0a3rd - Nikolay Goldobin (Utica Comets) - 2g, 0a

Stefan Matteau - Kevin Stenlund - Trey Fix-WolanskyMarko Dano - Ryan MacInnis - Kole SherwoodCalvin Thurkauf - Sam Vigneault - Paul BittnerBrett Gallant - Derek Barach - Maxime Fortier

Gabriel Carlsson - Adam ClendeningDillon Simpson - Andrew PeekeAnton Karlsson - Doyle Somerby

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Utica Comets rocked Cleveland Monsters with a 3-0 shutout - The Cannon

Duncan, Pitre named Barker Honda Athletes of the Week – Daily Comet

Chris Singleton Staff Writer @courierchris

FridayJan31,2020at3:13PM

Central Lafourche boys basketball player Ashtrein Duncan and South Lafourche girls basketball player Ava Pitre were named the winners of the Barker Honda Athletes of the Week contest presented by The Courier and Daily Comet today.

Both athletes won a fan vote that took place from Jan. 25-30 at houmatoday.com and dailycomet.com.

Duncan won the male honor after he led the Trojans with 21 points during a 62-56 win over Destrehan on Jan. 24. He had 18 points during a 66-53 win over East St. John on Jan. 21.

South Lafourche basketball player Eric Thibodaux was second in the male contest voting, and Thibodaux basketball player Darwin Davis was third.

Pitre won the female honor after she scored 23 points in a 61-56 win over Vandebilt on Jan. 21.

Central Lafourche soccer player McKenzie Champagne was second in the female contest voting, and Vandebilt Catholic soccer player Sydne Marcel was third.

Every week, local fans will get to visit The Courier and Daily Comets websites at houmatoday.com and dailycomet.com and cast their vote in the player of the week poll. Area athletes from all 13 local high schools in The Courier/Daily Comets coverage area are eligible for the player of the week honors.

The players will be nominated based on their athletic achievements in every sport each week throughout the high school sports calendar year, and the winners will receive a framed certificate and have their picture printed in the paper.

Visit our websites at noon Saturday to see the new list of player of the week candidates.

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Duncan, Pitre named Barker Honda Athletes of the Week - Daily Comet

Litecoin LTC Price Today – Live Litecoin Prices, Charts …

For the longest time, Litecoin held the position of fifth-largest cryptocurrency by market cap, though it has since been knocked aside by EOS. Litecoin is now in sixth place and remains amongst the top ten cryptocurrencies in circulation. It was developed in 2011 through a bitcoin fork by former Google employee Charlie Lee, making it older than bitcoins primary competitor Ethereum. From there, Lee was able to create his own genesis block and start a new digital currency with no previous transactions under its belt.

The report further explains:

Another interesting aspect is that Litecoin has experienced a very significant correction from the all-time highs of the cryptocurrency industry in January 2018. With respect to its all-time high of $378, Litecoin has fallen by 81 percent to its current price. This is a slightly larger decline than the 71 percent decline in the total market cap of all crypto assets. Given that Litecoin has an established and stable working product, as well as significant adoption, this bear market of the whole cryptocurrency industry could have led to Litecoin being oversold.

Litecoin is often referred to as digital silver alongside bitcoins digital gold. While this is partly due to the currencys age (bitcoin is only slightly older), Greenspan assures it has ultimately remained one of the markets most important entities, as well as a primary alternative to bitcoin in that it offers cheaper and faster transactions.

Litecoin Price Chart since Start of 2018

It is also one of the more liquid coins, and easier to trade to fiat when compared with other altcoins. It further offers a little more diversification than other forms of digital money in that it is considerably more affordable than bitcoin, giving it more room for growth.

Lastly, it is appropriate that Litecoin would garner comparisons to silver, while bitcoin is placed against gold. One ounce of gold costs approximately 80 ounces of silver, while at press time, one bitcoin is worth roughly 85 LTC. The amount of Litecoin meandering through the cryptocurrency arena is about 3.35 times larger than that of bitcoin, and the final total will be four times larger. Litecoin is also mined much faster than bitcoin, which means that the price of Litecoin should eventually rise faster than the price of bitcoin, according to the report.

Chances are that when you think of cryptocurrency, you think of Bitcoin. Thats understandable. Bitcoin has been the public face of all cryptocurrencies since it first appeared on the scene in the shadowy Satoshi Nakamotos white paper in 2008. Its subsequent adoption by the Silk Road black market and meteoric rise in price, which turned pizza change into millions of dollars, forever cemented it as the coin to watch.

Bitcoin, however, is a product of its times. Very little tech has survived from 2008 unchanged, from mobile phones to laptops to solar panels. Bitcoin is no exception. Although its introduction was revolutionary, its underlying code has aged somewhat poorly. Bitcoin was never really designed to handle the kind of traffic the network currently demands, and so speed and scalability issues have plagued the Bitcoin community since shortly after its rise to prominence. This has a resulted in at least 30 legitimate forks of the coins open-source code, almost all geared toward improving Bitcoins average transaction speed.

One notable fork that did not adopt the profitable Bitcoin name was Litecoin. Since its creation in 2011, Litecoin has risen to become one of the main alternative coin base pairings on most major exchanges, and it frequently fills in the transaction speed gaps that would otherwise doom Bitcoin to irrelevance. Were going to take a brief tour of the history between these two cryptocurrency giants, examine the state of the market, and try to figure out what the future holds for both currencies.

Litecoins creation stems from a dispute between Bitcoin developer Charlie Lee and the mainline Bitcoin community. Between February and June 2011, Bitcoins price rose from $1 to $31, a huge increase. While this was viewed by most members of the Bitcoin community as a net positive, Lee maintained that Bitcoin was already facing scalability issues and the price was rising out of proportion to the networks ability to handle peer-to-peer traffic. To resolve this issue, he created a hard fork of Bitcoins code to form a new, faster, and cheaper coin dubbed Litecoin. Litecoins supply was set at 84 million, almost four times Bitcoins 21 million, to rein in per-coin pricing. Its transaction time was reduced to about a fourth of Bitcoins, and its block reward doubled.

Furthermore, Litecoin mining is significantly cheaper than Bitcoin mining in terms of electrical cost. The downside is that the scrypt used to mine Litecoin is a stripped-down version of the Bitcoin scrypt, and so it may be inherently less secure. After all, security is one of the main reasons for using cryptocurrency in the first place, Bitcoin supporters argue, and compromising security to make spending Litecoin easier is a potential recipe for disaster.

Table provided by Coindesk

At the moment, all alternative coins including Litecoin are highly dependent on the price of Bitcoin. The market simply has not achieved widespread adoption, and no coin even comes close to challenging Bitcoins financial position at the top of the heap.

This may very well change as the market grows and adapts, and Litecoin appears to have carved out a niche for itself as a recognizable and widely used medium of exchange for alternative coins. There is a few other projects with this stated goal, but none can boast the pedigree or the market capitalization of Litecoin. Furthermore, Bitcoin and Litecoin share heavy coding elements, and so projects explicitly designed for one coin or another are often interoperable.

Litecoin also has a surprising number of dark-horse elements in its favor. One is Litecoins growing acceptance on the so-called dark web. This is the very same vehicle that pushed Bitcoin to prominence via the aforementioned Silk Road. Litecoin traffic makes up about 30 percent of dark web transactions, second only to Bitcoin. While this might seem like a rather unsavory route to success, dark web adoption is the same portal Bitcoin used to get mainstream acceptance. If nothing else, it works as a proof of concept; while Litecoin certainly has some security and anonymity vulnerabilities, guaranteeing it cant stay in the dark forever, its use as a currency is tried and true. In other words, if it works on the dark web for buying sundry illegal or unethical materials, it should work just fine in legitimate marketplaces.

Litecoin is also popular in China, and many market observers believe that China and Asian markets in general will lead the next big wave of cryptocurrency adoption. The Chinese and Korean governments have both loosened their stance toward cryptocurrencies in general, opening the door to potentially billions of new investors. Litecoin boasts a more accessible price point for the time being, anyway than Bitcoin, making it more attractive to new investors who want to own an entire coin.

The only big negative in the Litecoin arena is, ironically, its similarity to Bitcoin. As a cheaper, faster Bitcoin, Litecoin presents investors with major advantages over the current king of crypto. The next generation of altcoins, however, are purpose-built to replace Bitcoin in a variety of arenas, from pure currency to the Internet of Things to artificial intelligence to digital platforms. Litecoin may very well supplant Bitcoin in some areas, but it will be hard-pressed to work as a catchall solution for the hordes of alternative coins looking to take its place. For virtually every Litecoin use case, there is an altcoin that does it better, faster, or more cheaply.

Only time will tell if Litecoins nameplate value will overcome these challenges. After all, perfection is often the enemy of the good, and Litecoin just might be good enough to retain a foothold in the crypto world for years to come.

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Litecoin LTC Price Today - Live Litecoin Prices, Charts ...

Litecoin Leads Bitcoin LTC 65% Gains Echo Start of 2019 Bull Run – Cointelegraph

Litecoin (LTC) hit $70 for the first time since September 2019 this weekend, fuelling speculation it will induce a Bitcoin (BTC) bull run.

Data from Cointelegraph Markets and Coin360 showed LTC/USD passing the notable $70 barrier on Feb. 1, going on to claim local highs of $71.50.

As with many major altcoins, the achievement caps a highly successful month for Litecoin, which on Jan. 1 traded at just $43.

Litecoin price 1-month chart. Source: Coin360

However, the 65% jump caught traders attention for one reason in particular. As popular Twitter personality Loma noted on Saturday, Litecoin put in a similar performance in March last year.

After doubling its price over four weeks, Litecoin gave way to Bitcoin, which began a three-month bull-run culminating in a 19-month record of $13,800.

Analyzing current sentiment, Loma and others now see the potential for the pattern to repeat itself.

Litecoin leads bitcoin, investor Michael Flaum summarized on Twitter on Friday.

Litecoin up 5.8% Dont know why, but its a common trend. $10k bitcoin very possible.

As Cointelegraph reported, multiple trading sources have recently flipped increasingly bullish on Bitcoins prospects for this year.

Having broken out of the $6,000 range, commentators are now broadly convinced that a return to those levels is highly unlikely.

In a Market Discussion on Friday, two well-known crypto YouTubers added to the sense of anticipation, arguing that at current levels of $9,400, BTC/USD is already in the bull cycle, which could reach at least $80,000.

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Litecoin Leads Bitcoin LTC 65% Gains Echo Start of 2019 Bull Run - Cointelegraph

Litecoin (LTC) MimbleWimble: Non-Interactive Transactions Are Ready – U.Today

David Burkett, the developer of the MimbleWimble privacy protocol version for the Litecoin (LTC),released the second monthly dev update. It looks like he has made remarkable progress.

Since the MimbleWimble protocol is utilized forobfuscating transactions, the most crucial achievement is reached in this room. Mr. Burkett disclosed that he had found a way to erase theneed for the sender and receiver to communicate within the framework of thepending transaction.

Previously, both the sender and receiver were required to stay onlinewhen sending LTC. Instead of this, the new proposal supports receiving Litecoins (LTC) via cold storage. Thus, it upgrades the possibilities of hardware wallets usage.

Furthermore, Mr. Burkett re-considered the database framework to enable coin-agnosticatomic updates across multipletables. This feature has already been testedusing Litecoin (LTC) specifications and block models.

Finally, the developerreceived and appliedsecurity audit results for Grin++, so, both Grin++ & libmw codebases became 'significantly better'.

TheLitecoin (LTC) community supports the development efforts of Mr. Burkett by generous donations to compensate for his work. As U.Today reported previously, theLitecoin Foundation managed to collect $12,000 for the salary of Mr. Burkett while every dollar is re-doubled by Foundation leaderCharlie Lee.

Since final compensation for the developer is $6,000 per month, this sum guarantees four more months of MimbleWimble development.

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Litecoin (LTC) MimbleWimble: Non-Interactive Transactions Are Ready - U.Today

Litecoin is About to See Exponential Gains Because of This Pattern – newsBTC

Litecoins 2020 rally has begun to reach a fever pitch as the crypto shows signs of entering yet another upwards leg that allows LTC to set fresh year-to-date highs.

Litecoins rally over the past several weeks has allowed it to put significant distance between its recent lows of $50 and its current price of just over $70.

This upwards momentum may just be getting started, however, as analysts are noting that the crypto is showing signs that it is currently in the early stages of its next parabolic rally.

At the time of writing, Litecoin is trading up over 5% at its current price of $71, which marks a notable climb from its daily lows of under $69 that were set in tandem with Bitcoins drop to lows of $9,200.

Although Litecoin has been generally tracking the trends seen by BTC and the aggregated crypto markets, it has been outperforming them, which is elucidated by the fact that it is currently trading up 4.6% against its Bitcoin trading pair.

Todays climb was important for LTC bulls, as it invalidated a potentially bearish tweezer top that the crypto has formed yesterday.

Big Cheds, a popular crypto analyst on Twitter, spoke about bulls ability to thwart this bearish pattern today, explaining that the formation will be invalidated if it closes above $69.89.

Litecoin daily Bulls charging forward, invalidating yesterdays tweezer top with a potential close above $69.89, he noted.

One interesting observation that should be noted is the fact that Litecoin is currently in the process of forming an incredibly similar bottom formation to the one seen in late-2019, which was followed by a parabolic rally from roughly 0.007 BTC to nearly 0.02 BTC.

This 185% rally could soon be replicated by the crypto based on the fact that it is currently expressing a bottom formation incredibly similar to that seen before this previous parabolic rally.

Hsaka, a popular crypto analyst on Twitter, spoke about this in a recent tweet while referencing the pattern seen on the chart below.

While considering the historical bullishness of LTCs recent technical formation, it does appear to be increasingly likely that the crypto soon incurs a notable uptrend that potentially allows it to post massive gains against its USD trading pair.

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Litecoin is About to See Exponential Gains Because of This Pattern - newsBTC

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 30/01/20 – Yahoo Finance

Litecoin

Litecoin fell by 1.65% on Wednesday. Partially reversing a 3.68% gain from Tuesday, Litecoin ended the day at $59.62.

A bullish start to the day saw Litecoin rally to an early morning intraday high $62.40 before hitting reverse.

Litecoin broke through 23.6% FIB of $62 and the first major resistance level at $60.32 before sliding to a late afternoon intraday low $59.32.

In spite of the pullback, Litecoin steered clear of the first major support level at $58.05.

Late in the day, Litecoin broke back through to $60 levels before a final hour slide back to sub-$60.

At the time of writing, Litecoin was down by 1.33% to $58.83. A bearish start to the day saw Litecoin fall from an early morning high $59.73 to a low $58.10.

Litecoin fell through the first major support level at $58.49 early on.

Litecoin would need to move back through to $60.50 levels to support a run at the first major resistance level at $61.57.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $59.73.

Barring an extended crypto rally, first major resistance level and the 23.6% FIB of $62 would likely limit any upside.

In the event of another crypto breakout, the second major resistance level at $63.53 would likely limit any upside on the day.

Failure to break back through to $60.50 levels could see Litecoin struggle throughout the day.

A fall back through the first major support level at $58.49 would bring sub-$58 levels into play.

Barring a crypto meltdown, however, Litecoin should steer clear of the second major support level at $57.37.

Major Support Level: $58.49

Major Resistance Level: $61.57

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen fell by 0.52% on Wednesday. Partially reversing a 0.78% gain from Tuesday, Stellars Lumen ended the day at $0.060581.

A bullish start to the day saw Stellars Lumen rally to a mid-morning intraday high $0.063061 before hitting reverse.

Story continues

Stellars Lumen broke through the first major resistance level at $0.06203 before sliding to a mid-afternoon intraday low $0.060088.

Steering clear of the first major support level at $0.05920, Stellars Lumen recovered to 0.06150 levels before a late pullback into the red.

At the time of writing, Stellars Lumen was down by 0.71% to $0.060153. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.060788 to a low $0.059893.

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

Stellars Lumen would need to move through to $0.06124 levels to support a run at the first major resistance level at $0.06240.

Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.061 levels.

Barring an extended crypto rally, the first major resistance level at $0.06240 would likely leave Stellars Lumen short of $0.063 levels.

Failure to move through to $0.06124 could see Stellars Lumen slide deeper into the red.

A fall back through to sub-$0.060 levels would bring the first major support level at $0.05943 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.059 levels.

Major Support Level: $0.05943

Major Resistance Level: $0.06240

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX slipped by 0.1% on Wednesday. Following an 8.97% surge on Tuesday, Trons TRX ended the day at $0.018619.

A bullish start to the day saw Trons TRX rally to a mid-morning intraday high $0.019799 before hitting reverse.

Trons TRX broke through the first major resistance level at $0.01937 before sliding back to a late morning intraday low $0.018561.

Steering clear of the first major support level at $0.01747, Trons TRX recovered to $0.0192 levels before a final hour slide into the red.

At the time of writing, Trons TRX was down by 2.67% to $0.018121. A bearish start to the day saw Trons TRX fall from an early morning high $0.018561 to a low $0.017748.

Steering clear of the major resistance levels, Trons TRX fell through the first major support level at $0.01819. The second major support level at $0.01776 limited the downside early on.

Trons TRX would need to break through the first major support level at $0.01819 and move through to $0.019 levels support a run at the first major resistance level at $0.01943.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.018561.

Barring a broad-based crypto rebound, resistance at $0.019 would likely limit any upside on the day.

Failure to move through to $0.019 levels could see Trons TRX struggle throughout the day.

A fall back through the second major support level at $0.01776 would bring sub-$0.017 levels into play.

Barring a crypto meltdown, however, Trons TRX should steer well clear of the third major support level at $0.01652 on the day.

Major Support Level: $0.01819

Major Resistance Level: $0.01943

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 30/01/20 - Yahoo Finance

Litecoin, Stellar’s Lumen, and Tron’s TRX Daily Analysis 29/01/20 – Yahoo Finance

Litecoin

Litecoin rose by 3.68% on Tuesday. Following on from a 4.19% rally on Monday, Litecoin ended the day at $60.62.

A bullish start to the day saw Litecoin rally to an early morning intraday high $61.44 before hitting reverse.

Litecoin broke through the first major resistance level at $60.05 before sliding to a late afternoon intraday low $57.17.

In spite of the pullback, Litecoin steered clear of the first major support level at $56.31. Late in the day, Litecoin broke back through the first major resistance level to wrap up the day at $60 levels.

At the time of writing, Litecoin was up by 0.28% to $60.79. A mixed start to the day saw Litecoin rise from an early morning low $60.25 to a high $62.40 before falling back.

Litecoin broke through the 23.6% FIB of $62 and the first major resistance level at $62.32 early on.

Litecoin would need to break back through 23.6% FIB to support a run at the first major resistance level at $62.32.

Support from the broader market would be needed, however, for Litecoin to break back through to $61 levels.

Barring an extended crypto rally, the 23.6% FIB and first major resistance level would likely limit any upside.

In the event of another crypto breakout, the second major resistance level at $64.01 would likely limit any upside on the day.

Failure to break back through the 23.6% FIB could see Litecoin come under pressure.

A fall back through the morning low $60.25 to sub-$60 levels would bring the first major support level at $58.05 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of Tuesdays low $57.17.

Major Support Level: $58.05

Major Resistance Level: $62.32

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 0.78% on Tuesday. Following on from a 1.87% gain on Monday, Stellars Lumen ended the day at $0.060676.

A choppy start to the day saw Stellars Lumen fall to a late morning intraday low $0.059087 before finding support.

Steering clear of the first major support level at $0.05816, Stellars Lumen rallied to an early afternoon intraday high $0.061917.

Stellars Lumen broke through the first major resistance level at $0.06112 before falling back to sub-$0.060 levels.

Finding support late on, Stellars Lumen broke back through the first major resistance level before easing back to $0.060 levels.

At the time of writing, Stellars Lumen was up by 0.80% to $0.061161. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.060802 to a high $0.061544.

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

Story continues

Stellars Lumen would need to break back through the morning high $0.061544 to support a run at the first major resistance level at $0.06203.

Support from the broader market would be needed, however, for Stellars Lumen to break back through the Tuesdays high $0.061917.

Barring an extended crypto rally, the first major resistance level at $0.06203 and Tuesdays high should limit any upside.

Failure to move back through the morning high $0.061544 could see Stellars Lumen hit reverse.

A fall through to sub-$0.06060 levels would bring the first major support level at $0.05920 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.059 levels.

Major Support Level: $0.05920

Major Resistance Level: $0.06203

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX surged by 8.97% on Tuesday. Following on from a 1.09% gain on Monday, Trons TRX end the day at $0.018681.

Tracking the broader market, Trons TRX rallied from an early morning intraday low $0.017144 to an early afternoon intraday high $0.018942.

Trons TRX broke through the major resistance levels before falling back to sub-$0.018 levels.

Finding late support, Trons TRX broke back through the major resistance levels to close out the day at $0.018 levels.

At the time of writing, Trons TRX was up by 1.37% to $0.018936. A mixed start to the day saw Trons TRX fall to an early morning low $0.018573 before striking a high $0.018936.

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

Trons TRX would need to move through Tuesdays high $0.018942 levels to support a run at the first major resistance level at $0.01937.

Support from the broader market would be needed, however, for Trons TRX to break through to $0.019 levels.

Barring an extended crypto rally, first major resistance level, and Tuesdays high would likely pin Trons TRX back.

Failure to move through to Tuesdays high could see Trons TRX hit reverse.

A fall back through the morning low $0.018573 to sub-$0.01830 levels would bring the first major support level at $0.01757 into play.

Barring a crypto meltdown, however, Trons TRX should steer well clear of the second major support level at $0.01646 on the day.

Major Support Level: $0.01757

Major Resistance Level: $0.01937

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, Stellar's Lumen, and Tron's TRX Daily Analysis 29/01/20 - Yahoo Finance

Litecoin News Today: Litecoin’s Charlie Lee Talks About What The Next 5 Years Will Bring For Litecoin LTC – Smartereum

Litecoin News Today Litecoin is one of the top cryptocurrencies in the market. After it was created, it was referred to as the silver to Bitcoins gold. However, over the last few years, the token has suffered the bearish storm against the USD. Everyone expected that the price of Litecoin LTC would increase significantly after the Litecoin halving date passed. Unfortunately, this didnt happen during the Litecoin halving in 2019.

During an interview, Charlie Lee talked about the future of Litecoin amid the competition. He said that the strongest competition for Litecoin is fiat. In his words;

Were all in it together, to be a better form of money than the US dollar or any other fiat currencies out there. And I think, cryptocurrency is a better form of money, but its going to take some time before we win that war () Consider Litecoin and Bitcoin today, the important thing is that youre able to transfer value. We fought a central party and no one can censor crypto transactions today. And thats like the key thing, right? You can send like money over the Litecoin network without requiring a central party to help you do that.

Lee talked about the competition within the cryptocurrency market and how altcoins struggle to rank above each other. According to him, ranking on CoinMarketCap isnt the only issue they should be focused on. The most important thing for the survival of the cryptocurrency industry is for people to use cryptocurrencies across the globe. He said this is the only way cryptocurrencies can reach their full potential. He said that what is important to him is Litecoins use as a store of value and medium of exchange.

When asked where he thinks Litecoin LTC will be in the next five years, he said that there is going to be a dramatic change and growth in the Litecoin Lightning Network. Things like the Mimblewimble extension block and atomic swap will change the game for the Litecoin Lightning Network.

This morning, most altcoins started gaining against Bitcoin BTC with Cardano ADA taking the lead with a 16% surge. Meanwhile, Litecoin LTC was trading at $59.63. This means that it is up by 2.41% against the USD but down by 1.25% against the price of Bitcoin. This kind of price action isnt encouraging. The trading volume over a 24 hour period is $4,035,597,164 and the market capitalization is $3,813,916,656.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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Litecoin News Today: Litecoin's Charlie Lee Talks About What The Next 5 Years Will Bring For Litecoin LTC - Smartereum

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 28/01/20 – Yahoo Finance

Litecoin

Litecoin rallied by 4.19% on Monday. Following on from a 5.51% breakout on Sunday, Litecoin ended the day at $58.44.

A mixed start to the day saw Litecoin rise to $57 levels before falling back to a late morning intraday low $55.83.

Steering clear of the first major support level at $53.71, Litecoin rallied to a mid-afternoon intraday high $59.53.

Litecoin broke through the first major resistance level at $57.49 and second major resistance level at $58.90 before easing back.

At the time of writing, Litecoin was up by 3.78% to $60.65. A particularly bullish start to the day saw Litecoin rally from an early morning low $58.47 to a high $60.95.

Litecoin broke through the first major resistance level at $60.05 early.

Litecoin would need to break through to $61 levels to support a run at the second major resistance level at $61.66.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $60.95.

Barring an extended crypto rally, resistance at $61 would likely limit any upside. In the event of another crypto breakout, the 23.6% FIB of $62 could come into play later in the day.

Failure to move through to $61 levels would likely see Litecoin come under pressure.

A fall back through the morning low $58.47 to sub-$58 levels would bring the first major support level at $56.31 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$56 levels on the day.

Major Support Level: $56.31

Major Resistance Level: $60.05

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 1.87% on Monday. Following on from a 4.18% rally on Sunday, Stellars Lumen ended the day at $0.059695.

Tracking the broader market, Stellars Lumen fell to a late morning intraday low $0.058045 before making a move.

Steering clear of the first major support level at $0.05662, Stellars Lumen rallied to a late afternoon intraday high $0.06100.

Stellars Lumen broke through the first major resistance level at $0.05947 and the second major resistance level at $0.05947.

A late pullback saw Stellars Lumen wrap up the day at sub-$0.060 levels.

At the time of writing, Stellars Lumen was up by 1.27% to $0.060453. A bullish start to the day saw Stellars Lumen rally from an early morning low $0.059914 to a high $0.060651.

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

Story continues

Stellars Lumen would need to break back through to Mondays high $0.0610 to support a run at the first major resistance level at $0.06112.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.060651.

Barring an extended crypto rally, the first major resistance level and Mondays high $0.0610 should limit any upside.

Failure to move back through to Mondays high $0.061 could see Stellars Lumen hit reverse.

A fall through to sub-$0.05960 levels would bring the first major support level at $0.05816 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer well clear of sub-$0.058 levels.

Major Support Level: $0.05816

Major Resistance Level: $0.06112

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rose by 1.09% on Monday. Following on from a 4.32% rally on Sunday, Trons TRX ended the day at $0.017113.

A mixed start to the day saw Trons TRX rise to an early morning high 0.017065. Coming up against the first major resistance level at $0.01707, Trons TRX fell to a late morning intraday low $0.016765.

Steering clear of the first major support level at $0.01633, Trons TRX rallied to a mid-afternoon intraday high $0.017340.

Trons TRX broke back through the first major resistance level to come up against the second major resistance level at $0.01732.

In spite of easing back late in the day, Trons TRX held above the first major resistance level until the day end.

At the time of writing, Trons TRX was up by 1.81% to $0.017422. A bullish start to the day saw Trons TRX rise from an early morning low $0.017144 to a high $0.017493.

Steering clear of the major support levels, Trons TRX broke through the first major resistance level at $0.01738.

Trons TRX would need to move through to $0.01750 levels to support a run at the second major resistance level at $0.017650.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.017493.

Barring an extended crypto rally, first major resistance level, and Mondays high would likely pin Trons TRX back.

Failure to move through to $0.01750 levels could see Trons TRX hit reverse.

A fall back through the morning low $0.017144 to sub-$0.01710 levels would bring the first major support level at $0.01681 into play.

Barring a crypto meltdown, however, Trons TRX should steer clear of the second major support level at $0.01650 on the day.

Major Support Level: $0.01681

Major Resistance Level: $0.01738

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 28/01/20 - Yahoo Finance

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 27/01/20 – Yahoo Finance

Litecoin

Litecoin rallied by 5.51% on Sunday. Reversing a 2.04% loss from Saturday, Litecoin end the week down by 2.54% to $56.08.

A bearish start to the day saw Litecoin fall to an early morning intraday low $52.75 before making a move.

Steering clear of the first major support level at $52.17, Litecoin rallied to a late afternoon intraday high $56.53.

Litecoin broke through the first major resistance level at $54.30 and the second major resistance level at $55.38.

In spite of a late pullback, Litecoin held above the second major resistance level through to the day end.

At the time of writing, Litecoin was up by 0.95% to $56.61. A bullish start to the day saw Litecoin rise from an early morning low $56.09 to a high $57.11.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to break back through to $57 levels to support another run at the first major resistance level to $57.49 levels.

Support from the broader market would be needed, however, for Litecoin to break back through to the morning high $57.11.

Barring an extended crypto rally, the first major resistance level at $57.49 would likely limit any upside.

Failure to move through to $57 levels would likely see Litecoin hit reverse.

A fall back through the morning low $56.09 to sub-$55.10 levels would bring the first major support level at $53.71 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$55 levels on the day.

Major Support Level: $53.71

Major Resistance Level: $57.49

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rallied by 4.18% on Sunday. Reversing a 1.05% fall from Saturday, Stellars Lumen ended the week down by 2.84% to $0.058444.

A bearish start to the day saw Stellars Lumen fall to an early morning intraday low $0.055834 before finding support.

Steering clear of the first major support level at $0.05548, Stellars Lumen rallied to a late afternoon intraday high $0.058682.

Stellars Lumen broke through the first major resistance level at $0.05709 and the second major resistance level at $0.05793.

A pullback late in the day saw Stellars Lumen fall back through the second major resistance level before breaking back through to wrap up the day at $0.058 levels.

At the time of writing, Stellars Lumen was up by 0.87% to $0.058950. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.058597 to a high $0.059230.

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

Story continues

Stellars Lumen would need to break back through to $0.059 levels to support a run at the first major resistance level at $0.05947.

Support from the broader market would be needed, however, for Stellars Lumen to break back through the morning high $0.059230.

Barring an extended crypto rally, the first major resistance level should limit any upside.

Failure to move back through to $0.059 levels could see Stellars Lumen give up the morning gains.

A fall through the morning low $0.058597 to sub-$0.05770 levels would bring the first major support level at $0.05662 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.057 levels

Major Support Level: $0.05662

Major Resistance Level: $0.05947

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 4.32% on Sunday. Reversing a 0.61% loss from Saturday, Trons TRX ended the week up by 1.01% to $0.016817.

Tracking the broader market, Trons TRX slipped to an early morning intraday low $0.016096 before making a move.

Steering clear of the first major support level at $0.01601, Trons TRX rallied to a late intraday high $0.016837.

Trons TRX broke through the first major resistance level at $0.01635 and the second major resistance level at $0.01653.

While easing back late in the day, Trons TRX avoided a pullback through the second major resistance level to close out the day at $0.0168 levels.

At the time of writing, Trons TRX was up by 1.34% to $0.017043. A bullish start to the day saw Trons TRX rise from an early morning low $0.016891 to a high $0.017065.

Steering clear of the major support levels, Trons TRX came up against the first major resistance level at $0.01707 early on.

Trons TRX would need to move back through the morning high $0.017065 to support a breakout from the first major support level to $0.01707.

Support from the broader market would be needed, however, for Trons TRX to break back through the morning high $0.017065.

Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the morning high $0.01765 could see Trons TRX hit reverse.

A fall back through the morning low $0.016891 to sub-$0.01658 levels would bring the first major support level at $0.01633 into play.

Barring a crypto meltdown, however, Trons TRX should steer well clear of the second major support level at $0.01584.

Major Support Level: $0.01633

Major Resistance Level: $0.01707

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

View original post here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 27/01/20 - Yahoo Finance

Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin: Strong Demand Drives Launch of First Crypto-Asset Benchmark for Institutional Investors in Japan -…

January 29, 2020 Frankfurt

MV Index Solutions (MVIS) andIntelligence Unit (IU), a global provider of quantitative research and development for digital asset investment solutions, today announced a collaboration withNomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, to jointly launch the NRI/IU Crypto-Asset Index for financial institutions.

Utilizing the crypto-asset index platforms provided by MVIS and CryptoCompare, the global leader in digital asset data, the investable index offers an investment solution for Japanese financial institutions as well as global investors.

The NRI/IU Crypto-Asset Index is the first crypto-asset benchmark for institutional investors in Japan. The index offers a reliable reference point for evaluating performance by providing benchmarks constructed with a clear and transparent methodology. Designed for Japanese institutional investors and crypto-asset exchanges by considering local availability, JPY and USD currency, custody solutions and official closing values in the local time zone (JST). The NRI/IU Crypto-Asset Index contains the crypto-assets listed in the table below.

We are pleased to launch this index for Intelligence Unit and the Nomura Research Institute,said Thomas Kettner, managing director at MVIS. We are happy to offer our services and deep expertise in digital assets indexing to the Japanese market.

Strong demand from institutional investors is contributing to the growth of crypto-asset funds, and well-diversified products like index funds are attractive as alternative investments. We will bridge the traditional financial world and the crypto-asset world by providing institutional grade crypto-asset benchmarks, further establishing the status of crypto-assets as alternative investments,explained Akihiro Niimi, CEO of Intelligence Unit.

Charles Hayter, co-founder and CEO of CryptoCompare, commented,

As part of our collaboration with MVIS, we are excited to offer institutional investors in Japan the first crypto asset investible index.

Full Market Capitalization (bn USD): 203.3Number of Components: 5Base Date/Base Value: December 31, 2015/100

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Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin: Strong Demand Drives Launch of First Crypto-Asset Benchmark for Institutional Investors in Japan -...

Mati Greenspan: 6 billion dollars will move to Bitcoin, Ethereum and Litecoin – Crypto News Flash

Crypto analyst Mati Greenspan analyzed data collected by Messari and determined that $6 billion are placed in stablecoins. Greenspan developed a theory and explained that investors are preparing to move this amount of money to Bitcoin, Ethereum, Litecoinand other major Altcoins.

According to Greenspans theory, investors have moved their capital into stablecoins to protect themselves from the bearish market of the last quarter of 2019. Greenspan wrote on his Twitter account:

On the other hand, research by Binance Research revealed that the stablecoin Tether is the favorite among investors for protecting their investments. Binance found that 96% place their investments in this stablecoin:

USDT is the dominant stablecoin with 40.25% usage, holding the top ranking for both Chinese and English survey respondents. USDC, TUSD, PAX are following close behind USDT, and several English survey respondents wrote in BUSD under Others, reflecting an initial interest by our institutional & VIP clients []

Putting the broader results in line with respective market capitalizations, the overall use for each stablecoin is roughly in line with the rank of its respective market capitalization.

The crypto market has shown bullish signs throughout 2020. In the coming months, an event could trigger even more gains and new capital flowing into the market from new investors. Bitcoins Halving will take place in May with high expectations in the crypto-community to drive a new bull market.

Although there is no consensus on whether the event will meet the high expectations. Some experts have said that the Halving could disappoint and could have no effect on Bitcoins price. CoinShares Melem Demiros shares Binances thesis and says that this Halving will be unique and that it is impossible to make a comparison with previous years because the market has established a more mature enviroment.

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Last Updated on 2 February, 2020

Originally posted here:

Mati Greenspan: 6 billion dollars will move to Bitcoin, Ethereum and Litecoin - Crypto News Flash