Coinbase Wallet Supports Litecoin [LTC] Following Sixth Largest Cryptocurrency

The fifth largest cryptocurrency, Litecoin or LTC is now available on Coinbase wallet, which was introduced in August 2018 to rebrand firm’s open source decentralized app (DApp) browser. It was revealed on Feb 21, 2019, via an official blog by Siddharth Coelho, Coinbase’s product lead.
Litecoin on Coinbase Wallet
The blog entitled ‘Announcing Litecoin (LTC) Support on Coinbase Wallet’ comes with a row of exchange announcing the support for Bitcoin Cash. It is quite interesting to note that the re-branded wallet is quite optimistic in listing the leading cryptocurrencies – such as adding sixth largest crypto, BCH on Feb 19, and recently on Feb 21, the fifth largest crypto, LTC.
Starting today, you can now store your Litecoin (LTC) directly in the Coinbase Wallet app – the blog hits.
Per the announcement, Coinbase wallet supports BTC, BCH, ETH, ETC, and other various ERC20 tokens and ERC 721 collectibles built on Ethereum. Following the latest updates, users can now begin storing LTC directly in Coinbase wallet app. The blog further reads ‘ LTC support on wallet will be activated by default. It elaborated that;
The new Wallet update with Litecoin support will roll out to all users on iOS and Android over the next few weeks, noted in Blog. All you need to do is tap ‘Receive’ on the main wallet tab and select Litecoin to send LTC to your Coinbase Wallet.
No Plans to Add XRP Yet
Moreover, it aims to add JSON payment protocol in future with exiting support of Litecoin Testnet, specifically for developers and power users. The blog goes on stating that by using ‘setting option, users can switch to the testnet’. Although the wallet looks well performing with timely updates and crystal clear information, it’s a striking point to notice ‘why XRP, the third largest crypto is still away from its plan’.
However, the XRP community members are on the constant urge to find the firm’s possible plans to add XRP, but as always, they end up with ‘no-response’.

Xrp!!!
— Tom Cushnie (@TomCushnie) February 22, 2019

As for now, the latest listing by Coinbase wallet is BCH and LTC – stay tuned with Coingape to know which crypto would be the next in a row of firm’s plan.
The post Coinbase Wallet Supports Litecoin [LTC] Following Sixth Largest Cryptocurrency appeared first on Coingape.
Source: CoinGape

Litecoin Outperforms Top Crypto Assets Again, What Could Breakout of Crucial $50 Level Lead to?

Litecoin has become the darling of the cryptocurrencies again as it out performs the majority of the top coins including its big brother, Bitcoin. Breaking a psychological resistance level of $50 a few hours ago, Litecoin is one of the day’s best performing crypto assets once again. The question is, how far can it go this time?
Litecoin Lifted During Asian Trading
Over the past 24 hours, LTC volume has surpassed $1.5 billion which is over double that of XRP two places ahead of it in the market cap charts. The momentum has taken its price from below $48 to just over $51 where it currently trades. This represents a 6.5% gain on the day which has taken Litecoin market cap back over $3 billion.
Source: Coinmarketcap.com
Since its mid-December low of $23, Litecoin has made a staggering 120% recovery to its current level. In comparison Bitcoin has only managed 24% recovery, but Ethereum has done better with around 75%. This is quite remarkable for an altcoin that everyone gave up one when creator, Charlie Lee, sold his stash at the peak. Granted, LTC is still a long way down from those lofty heights but a recovery of 120% in just two months is staggering for any crypto asset in the depths of a bear market.
Litecoin, often dubbed the ‘sliver’ to Bitcoin’s ‘gold’, has been a stalwart of the crypto world having hung around since its inception in 2011 when it was forked from Bitcoin to provide a ‘lighter’, faster version of the digital currency.  In 2017 Litecoin broke and stayed above $50 for around three months before it lifted off and surged 250% in just two weeks in December. Lee, as usual, has been talking it up;

Litecoin trying its best to lead all of cryptocurrencies out of this bear market. #UFC #MammothFilm #ConfidentialTransaction #MimbleWimble #LightningNetwork #Flappening pic.twitter.com/B4h6L2rsgl
— Charlie Lee [LTC] (@SatoshiLite) February 8, 2019

Where Next For Litecoin
This shows that Litecoin still has monumental potential when the fomo train gets going again. This time, however, is likely to be different though as investment will be slow and steady but $100 LTC this year does not seem that incredulous any longer considering its recent performance.
Traders, analysts and crypto tweeters have been observing the stellar performance of LTC recently;

Wow litecoin is breaking out! #ltc #litecoin #bitcoin #btc
FOMO time
We brok the 200ma, we broke 48 now it’s time to hit 50-75@tradingroomapp pic.twitter.com/pS4HBrfUw0
— Bitcoin Litecoin Master (@xtdisnkfe) February 18, 2019

Just like Bitcoin, Litecoin will also be halving and it will be happening much sooner, August 19 according to this counter. This reduces the block reward from 25 to 12.5 LTC and decreases the inflation rate by over half and reinforces its scarcity. This is an extremely bullish event for a cryptocurrency and according to Chinese media a local crypto mining pool called Poolin.com has found a WeChat group named “Litecoin Halving Warm-up” to attract LTC investors and miners. Cheap Litecoin has been hard to resist for those that have known it for the past 8 years.
Image from Shutterstock
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EOS and Litecoin [LTC] lead the charge as the cryptocurrency market continues to rise

The collective cryptocurrency market managed to hold on to the bulls as the recent upswing in prices decided to not subside. After adding nearly $10 billion to the global market cap in just under 24 hours, the market added another $3 billion the following day, spearheaded by the surging EOS [EOS] and Litecoin [LTC].
While the first massive uptrend was sparked by Binance Coin [BNB] and Stellar Lumens [XLM], EOS and Litecoin took charge the following day as the market reached $135 billion for the first time since January 10. The fourth and fifth coins respectively have been at loggerheads, constantly overtaking each other in pursuit for the coveted fourth spot which was occupied by Bitcoin Cash [BCH] for a long period of time.
EOS has amassed a 7.6 percent increase against the US dollar, the largest rise amongst the top-10. The coin was trading just under $3 for the better part of the past two weeks, prior to surging ahead at the beginning of the week. The coin began to rise on February 18, and at 11.00 UTC on the same day, the coin broke the $3-mark for the first time since mid-December.
EOS later shot up to its trading price of $3.85, at press time. The fourth-largest cryptocurrency in the market, at this point, is trading at its highest price for more than three months, a significant achievement considering the ongoing ‘crypto-winter’ that has hit the market.
In terms of the coin’s market cap, EOS broke the $3-billion mark at the beginning of the week. Since breaking the milestone, the coin has gone on to add $500 million and the current market cap of the coin stands at $3.51 billion, with a $400 million market cap lead over the trailing, but surging, Litecoin [LTC].
Exchange dominance of EOS trade volume is most noticeable on OKEx, which accounts for $215 million or 10.35 percent of the entire EOS trading volume via the trading pair EOS/USDT. The second spot was taken by Huobi Global and DigitFinex, which accounts for $107.38 million, or 5.16 percent and $104.93 million, or 5.04 percent of the trading volume respectively, on the same trading pairs i.e EOS/USDT.
Source: Trading View
Litecoin trails EOS both in the coin-ladder and in terms of the 24-hour price increase, despite a 6.8 percent incline. The coin was hovering below the $35-mark since the beginning of the month, following which it saw a massive rise on February 8, overtaking BCH and EOS in the process. In the first consideable rise, the price shot up by 36.08 percent to $45.44, and after briefly dropping to $41.46, the price broke the $50 ceiling on February 20 for the first time since mid-November. At press time, the coin was trading at $51.20, and is looking to sustain the rise.
Digital Silver has joined EOS in the “$3 Billion Dollar Club” breaking the said barrier at 1000 UTC on February 20. Litecoin had not crossed the $3 billion-dollar valuation since the BCH hardfork in mid-November. At press time, the coin had a market cap of $3.1 billion, leading the trailing Bitcoin Cash by just under $430 million.
Source: Trading View
The post EOS and Litecoin [LTC] lead the charge as the cryptocurrency market continues to rise appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Wrap: EOS Spikes 16% in 48 Hours as Digital Assets Regain Momentum

Crypto markets marching upwards again; EOS and Litecoin leading the charge, BNB cools off. EOS up 16% from $3.3 to $3.83 in 48 hours.
Market Wrap
Momentum is gaining once again on crypto markets following a little cooling off yesterday. Most cryptocurrencies are in the green at the moment and total market capitalization has topped $135 billion for the first time in six weeks.
Bitcoin hit resistance again at $4,000 twice in the past day but it has not fallen back and is holding there at the time of writing. It is currently up 1.3% from yesterday’s minor correction but has failed to break this crucial level. The next move for BTC is likely to be a big one.
Ethereum has regained momentum and has moved up a further 3% on the day to reach $148. ETH remains well supported and the next resistance level is at $150. The gap to XRP is almost $2 billion again as the Ripple token makes minimal progress today.
The top ten is green once again and EOS is the day’s leader with a gain of 8% taking it to $3.90. Litecoin has also had a very strong few hours with 7% added increasing its market cap over $3 billion and breaking through a crucial psychological resistance level of $50. Stellar has also shifted gear today with a 6% rise as it pulls away from Tron.
EOS Surges 16%, Source: TradingView
The top twenty is equally buoyant during Asian trading today with everything bar Binance Coin in the green. Maker is yet again the top performer in this section with another 5.5% added on the day. Most other coins here are making 2-3 percent as the rally pushes slowly higher.
REPO and Crypto.com’s MCO token are getting a dose of FOMO at the moment as they both have risen by 20%. There are no big dumps currently but Revain is currently the top one hundred’s worst performer losing almost 5% on the day.
Source: Coinmarketcap.com
Total crypto market capitalization is still moving up and has retained momentum. It is currently 2.2% higher on the day as it pushes through a six week high of $136 billion. Daily volume has fallen back below $30 billion though but it has maintained strong levels. Since last Thursday markets have made over 12% and hopes are that this will continue.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: EOS Spikes 16% in 48 Hours as Digital Assets Regain Momentum appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Sphere Believes Galaxy S10, JPM Coin Behind Bitcoin Rally, But Is Really a Return to Mean

The crypto market lit up with green over the last 48 hours following a powerful rally led by Litecoin, Ethereum, and EOS, which also helped propel Bitcoin toward important psychological resistance at $4K. Should the first-ever cryptocurrency break through the resistance, a major blow will be dealt to bears and could signal that a bottom is already in.
Battered and beaten bulls are tirelessly trying to find correlations to news that may be driving the rally, however, the move is likely a return to mean following extremely oversold conditions.
Crypto Community Searches For News Correlations Behind Bitcoin Rally
Reading through various crypto community discussion groups, members are filtering through recent crypto news hoping to discover the reason behind Bitcoin’s sudden boom. Over at Reddit in both r/bitcoinmarkets and r/cryptocurrency the common speculation on what’s fueling the recent rally points to today’s reveal of the Samsung Galaxy S10.
Announcements from the tech world rarely cause any movement in crypto markets, however, Samsung’s rumored inclusion of a crypto wallet has enormous implications, potentially exposing crypto to millions and millions of the South Korean tech giant’s customer base.
Related Reading | Samsung Galaxy S10 Could Expose Crypto to Millions of Tech Savvy Users
Elsewhere, even Bloomberg is suggesting the recent rally is being driven by news. In a tweet, the media powerhouse claims Bitcoin is having a “delayed boost” thanks to the announcement of JPM Coin, the new “cryptocurrency” announced this week by banking beast JP Morgan this past week.

Bitcoin is getting a delayed boost from the announcement that JPMorgan has developed a digital coin to speed up payments between corporate customers https://t.co/L9eQ5YBxZ2 pic.twitter.com/mAvqXj8ZQe
— Bloomberg Crypto (@crypto) February 19, 2019

However, in recent weeks, the market has barely responded to news – good or bad. For example, the ongoing QuadrigaCX imbroglio that resulted in millions in crypto being lost due to the exchange founder’s passing, would have caused a massive sell-off had it occurred in mid-2018.
Bitcoin and Crypto Markets Return to Mean After Oversold Conditions
The reality in current crypto markets is that Bitcoin and its altcoins brethren are posting gains following sustained downward movements and extremely oversold conditions. Such oversold conditions on assets can cause markets to mean revert, according to prominent trader and Bitcoin.live panel member Peter Brandt.

Regarding RSI, Stochastic, MACD et al. Markets can remain overbought far longer than many bears have the ability to pay up for a losing short position. OB/OS measures good for trading range mkts. Severely OS mkts tend to mean revert.
— Peter Brandt (@PeterLBrandt) February 19, 2019

When any asset reaches extremely oversold or even overbought conditions, the market tends to correct and returns toward its mean. The scenario played out perfectly when Bitcoin’s parabolic advance was broken in late December 2017, and the inverse occurred after Bitcoin fell through support at $6K.
Related Reading | Crypto Market At Critical Resistance, Is Altcoin Season Right Around the Corner?
The powerful downward movement took Bitcoin and other crypto far below their mean, and the market is now correcting upward toward its mean value.

A commonly shared chart on bubble cycles put together by Dr. Jean-Paul Rodrigue of the Department of Global Studies and Geography at Hofstra University, demonstrates what is happening now during the “blow off phase.” The chart shows that an asset can crash so low, it’s below its mean value and eventually returns as faith is restored in the market.
Feature image from ShutterStock
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Source: New feedNewsBTC.com

Litecoin Up over 120% Since December Low, What’s Fueling Litecoin to Outperform Bitcoin

The 5th largest cryptocurrency Litecoin has been having a green February for the most part as it surges 59 percent in this month alone. At the time of writing, Litecoin has been trading at $51.50 with 24-hours gains of 6.03 percent. In the BTC market as well, it has been in the green by over 6 percent.
While the top cryptocurrencies like Bitcoin, XRP, Stellar, Tron, Cardano, Bitcoin SV, IOTA, and Monero have turned red by around 1 to 2 percent, it’s amazing that Litecoin is still holding gains.
Since hitting the bottom in mid-December at below $23, Litecoin has climbed more than 120 percent, outperforming the top cryptocurrencies, especially Bitcoin.

                     LTC price chart, Source: Coinmarketcap
It is not only the Litecoin price that is surging, but the LTC/USD longs are also approaching its all-time high in November 2018. With the way the longs are spiking, there is a low possibility that a severe drop would be happening.

                     LTC/USD Longs, Source: TradingView
Litecoin Outperforming Bitcoin
Meanwhile, the February month saw Litecoin trading volume going well above $1 billion. Currently, LTC is managing the daily trading volume of $1.54 billion which is seeing a slight increase from yesterday’s $1.4 billion, unlike Bitcoin’s daily trading volume that yesterday hit its highest at $9.9 billion in about 9 months only to now drop down to $8.8 billion. According to the data provided by Coin Metrics, on February 9th, the exchange volume went to $1.7 billion for LTC and the last time Litecoin’s daily trading volume has been above $1 billion has been a year back in February 2018.

                           Litecoin Exchange Volume (USD), Source: Coin Metrics
This is not the first time that Bitcoin has been outperforming Bitcoin by price and trading volume increment as the 5th largest cryptocurrency has historically led the Bitcoin rallies as well, as Joe McCann said,
“Looking at how LTC has outperformed BTC since the epic selloff on November 14th 2018, we can see that LTC has outperformed BTC by better than 4:1 from current cycle low to current session high. As mentioned before, LTC has historically led BTC rallies…”

In the first week of February, Litecoin price started seeing a surge on the grounds of Litecoin creator, Charlie Lee announcing new features in the form of fungibility and Confidential Transactions to be added on Litecoin. However, unlike the previous time, Litecoin Foundation took active steps this time by exploring Mimblewimble implementation and collaborating with Beam for this.

Apart from the trading volume keeping the prices up, the on-chain transactions on Litecoin have been keeping stable around 20k. Even during the bear market, the transactions have held their ground that means speculators have fled from the Litecoin market, as noted by eToro senior analyst, Mati Greenspan, who further added,
“Unlike Bitcoin, $LTC has already snapped its long term bearish trend line (yellow) at the beginning of the year. At the moment, there’s a strong psychological resistance at $50, but after that it’s smooth sailing #ToTheMoon.”
Well, Litecoin has already crossed $51 and now with only about 168 days are left in Litecoin reward halving, it would be interesting to see where will this short-term rally lead to or if Litecoin is leading another rally to the peak!
The post Litecoin Up over 120% Since December Low, What’s Fueling Litecoin to Outperform Bitcoin appeared first on Coingape.
Source: CoinGape

Litecoin [LTC] Price Analysis: Bulls seize the initiative as coin prices surge

Over the week, the fifth largest digital asset on CoinMarketCap, Litecoin [LTC] has maintained its bullish momentum that has translated into a price movement upwards.
During the day, the digital coin slipped to a low of $47.32 before trading across a high of $49.18.
At press time, the silver coin held a market capitalization of $2.95 billion and was priced at $48.50. The valuation for the coin sprung up by 4.46% with a total trading volume of $1.48 billion registered during the past 24 hours.
OKEx has been facilitating high volumes of trading via the trading pairs LTC/BTC and LTC/USDT. The pair LTC/BTC has encompassed a volume of $80 million at a price of $48.31, followed by LTC/USDT with a trading volume of $78.08 million valued at $48.54. Additionally, LTC/BTC has been trending at Coindeal claiming a volume of $74.09 million at a price of $48.33.
1-hour
Source: TradingView
In the hourly chart for LTC, an uptrend from $43.85 to $46.98 and a downtrend from $48.37 to $47.34 has been recorded.
The coin has surpassed resistance levels at many points post-surge and it is to be seen if LTC can break through the new traction of $50.00, rewinding the bullish phase of the previous year. The support marked for the chart is at $47.08.
Parabolic SAR: The dotted lines can be found below the candles, indicating the bull’s contribution to the price momentum of LTC.
Awesome Oscillator: The lines turning green in the AO further suggests a bullish trend for the coin.
Klinger Oscillator: The KO indicator, however, exhibited a bearish trend with the reading line hovering below the signal line.
1-day
Source: TradingView
An uptrend from $32.71 to $43.20 and a downtrend from $55.82 to a low of $32.09 has been registered for the one-day analysis of LTC. The resistance during this time is noted at $51.11 and that of support is at $40.97.
Bollinger Bands: Expanding Bollinger Bands indicate high fluctuation and volatility in the coin’s price.
Chaikin Money Flow: The CMF graph treads above the zero-line, indicating some money flow into the market due to the bulls.
MACD indicator: The MACD line treading above the signal line also predicts a bullish course.
Conclusion
The Parabolic SAR, AO, CMF as well as MACD all project the bulls to hold their course while the KO suggests some bearish activity.
The post Litecoin [LTC] Price Analysis: Bulls seize the initiative as coin prices surge appeared first on AMBCrypto.
Source: AMB Crypto

Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

CoinSpeaker

Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

Grayscale revealed that Bitcoin products were invested in most, with 66 percent of inflows received from institutional investors.

Institutions Bet on Bitcoin Despite Year-Long Bear Market, Grayscale’s Report Reveals

Continue reading at Coinspeaker
Source: CoinSpeaker

Crypto Market Cap at Critical Resistance, Is Altcoin Season Around The Corner?

The current crypto winter and bear market has been brutal for Bitcoin investors who are now underwater, but it’s been even worse for many altcoin holders.
Most of the thousands of altcoins on the market have fallen as much as 99% from their all-time high prices, have reached extremely oversold conditions, and are at the absolute bottom of the barrel sentiment-wise. However, according to one crypto analyst, altcoins are on the verge of breaking out of long-term downtrend resistance and an “altseason” may be around the corner.
Analyst: Altcoin Crypto Market Cap at Pivotal Resistance Point
Altcoins such as Ethereum and XRP have had a much further fall from their all-time high prices than their eldest sibling, Bitcoin. Bitcoin has fallen roughly 85% from its previous peak back in December 2017, while number 2 and number 3 cryptocurrencies Ethereum and XRP respectively have each fallen 90% from their high points.
Related Reading | XRP Beware? Industry Reacts to JP Morgan ‘JPM Coin’ Crypto Announcement
The added sell pressure has caused sentiment around altcoins to be at extreme lows, but the tides may be turning soon, if critical resistance can be broken.
According to a chart shared by prominent crypto analyst GalaxyBTC, the altcoin market cap – an aggregate of the total crypto market cap minus BTC – is at pivotal overhead resistance that has served as such all the way since January of 2018.

If we manage to push trough this, its ON. #altmarketcap pic.twitter.com/aIl01WvlJ8
— Galaxy (@galaxybtc) February 18, 2019

The early signs of an “altseason” are already showing, with Ethereum, EOS, and BCH all posting 15-25% gains on the day, while Bitcoin rose just 8.5% by comparison. The rest of the altcoin market is a sea of green today, as a clear sentiment change is occurring in the crypto space.
Bitcoin Has Long to Go Before Downtrend is Broken, BTC Dominance to Suffer
GalaxyBTC also shared some thoughts around a pattern commonly found in cryptocurrency trading. The analyst discovered that oftentimes following a build-up of BTC dominance – a metric that weighs Bitcoin’s market cap against the rest of the crypto market – it breaks down, causing a spike in altcoin dominance also referred to as an “altseason.”

1. Build up $BTC domination 2. Breakdown 3. Altseason 4. Rinse and repeat.
Furthermore, looks like the weaker the dominance uptrend the longer the altseason and so far this one is the weakest.
Expecting dominance to fall under 30% and the longest altseason to date. #crypto pic.twitter.com/eabtk6rGG9
— Galaxy (@galaxybtc) February 18, 2019

The reason for this could be normal ebb and flow of capital to and from Bitcoin into altcoins, faith being restored by crypto market participants, or quite possibly due to the fact that most altcoins have broken through downtrend resistance, while Bitcoin hasn’t.

Finally, we need to acknowledge that the bear market has not been broken yet.
Here's the resistance line we've been tracking. As you can see, we're not even close to breaking it just yet. pic.twitter.com/tWX58rshnh
— Mati Greenspan (@MatiGreenspan) February 18, 2019

A chart shared by Senior Market Analyst for eToro Mati Greenspan shows that Bitcoin still has a long way to go before it brushes up against the downtrend resistance. The resistance dates back to January of 2018, after the first ever crypto’s parabolic advance was broken, kicking off the bear market that continues even today.
Related Reading | Bottom Doesn’t Matter, Last Time General Population Can Afford Entire BTC
Altcoins and Bitcoin are closely correlated, so a strong rally in the altcoin market could help restore confidence in Bitcoin again, and drag Bitcoin up through resistance along with the rest of the cryptosphere.
Featured image from Shutterstock
The post Crypto Market Cap at Critical Resistance, Is Altcoin Season Around The Corner? appeared first on NewsBTC.
Source: New feedNewsBTC.com

EnjinX Set to Become an Etherscan for Mainstream Audience

CoinSpeaker

EnjinX Set to Become an Etherscan for Mainstream Audience

EnjinX, a new Ethereum blockchain explorer, is here to facilitate interaction with blockchain data for mainstream users.

EnjinX Set to Become an Etherscan for Mainstream Audience

Continue reading at Coinspeaker
Source: CoinSpeaker

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

CoinSpeaker

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

The overall cryptocurrency market posts steady recover on Monday with Ethereum taking the lead by surging over 10%. Take a look if today’s surge sets up the base for the long term recovery.

Ethereum Price Jumps More Than 10% on All-Green Crypto Monday

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

CoinSpeaker

Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

XRP enthusiasts can now store the digital asset as well as spend it using Spend Visa Debit Card in 180 countries.

Ripple’s XRP Can Now be Spent in More than 40M Locations Across 180 Countries

Continue reading at Coinspeaker
Source: CoinSpeaker

Litecoin [LTC] Price Analysis: Mixed signals for the LTC market as coin struggles with volatility

The fourth largest cryptocurrency in the world with respect to market capitalization on CoinMarketCap, Litecoin [LTC] soared moderately during the early part of the day.
The silver altcoin opened at $41.88 and climbed up to a high of $42.55, a day during which the price of the coin also fell to a low of $41.27.
At the time of writing, the coin had a market capitalization of $2.58 billion with a 24 hour growth of 2.71%. Priced at $42.66, the total volume of LTC traded across the market space was around $932.14 million.
The top three LTC pairs are trending at Coineal, ZB.COM and OKEx respectively. LTC/BTC at Coineal, is leading with a trading volume of $56.70 million and is priced at $42.69. The second position is occupied by LTC/USDT at ZB.COM with a volume of $45.01 million at $44.13.
1-hour:
Source: TradingView
In the hourly chart, LTC exhibited an uptrend from $40.97 to $41.76 and a downtrend from $43.97 to $41.19. The immediate resistance is noted at $46.42 and the support at $37.68.
Parabolic SAR: The dotted markers are all oriented below the candlesticks, indicating that the price momentum of LTC is exhibiting a bullish trait.
MACD: The MACD line above the signal line further marks a potential bullish trend for the silver coin.
Awesome Oscillator: The AO indicator in the hourly chart suggests a bearish trend with the lines turning red.
1-day:
Source: TradingView
An uptrend from $33.12 to $42.09 and a major downtrend from $55.84 to $38.95 has been recorded for the one-day chart of the coin. The immediate resistance is marked at $46.42 and the support point is at 37.68.
Bollinger Bands: The major expansion of the bands suggests high price volatility of the altcoin in the market.
Chaikin Money Flow: The CMF graph is moving above the zero-line, suggesting that the bulls have initiated a flow of capital into the market.
Klinger Oscillator: The reading line is treading below the signal line, indicating that the coin’s price is following a bearish pattern.
Conclusion
The CMF, Parabolic SAR and the MACD indicators give the edge to the bull. On the other hand, the KO and AO indicate the coin following a bearish trend supplemented by a degree of fluctuation.
The post Litecoin [LTC] Price Analysis: Mixed signals for the LTC market as coin struggles with volatility appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Wrap: Consolidation Continues, Is a Breakout Imminent?

Market Wrap
Crypto consolidation continues; Litecoin still inching up, NEO making progress, everything else is flat.
Crypto markets are looking a little erratic as we enter the weekend but in the grand scheme of things nothing has changed over the past seven days. Total market cap has crept up marginally but most tokens are still consolidating within their slim boundaries.
Bitcoin has bounced of intraday resistance levels of $3,640 twice but is still holding above major support at $3,600. Lower highs have been made all week indicating that BTC is likely to turn bearish soon, especially if it falls below the key $3,600 level.
Ethereum is stable at $123 still, it has not moved a bit over the past 24 hours and remains where it has been since mid-week. XRP is slowly weakening and the gap between the two has now widened to $450 million.
There has been so little action for the majority of the top ten that they are showing tenths of a percent change over the past day. Litecoin is the biggest mover with 2% as it pulls away from EOS and increases the market cap gap between them. Very little else is going on in this section.
NEO is today’s top coin in the big twenty as it adds 3% on the day. Tezos is creeping back towards a top twenty place adding 2% but it is still a way off Zcash. Maker and NEM are dumping 4-5 percent following a couple of days of reasonable gains.
There are only two altcoins in double digits at the time of writing. Ontology and Aelf have added 16% a piece during the Asian trading session. The Parity Games partnership appears to be driving momentum for ONT. There are no big dumps going on at the messy end of the top one hundred but the day’s worst performers are Aurora and Revain.

Total market capitalization has not moved over the past 24 hours and remains a fraction higher at just over $121 billion. Markets are still range bound in a very tight channel where they have been all week. There are no signs of momentum in either direction and the tedium continues in crypto land.
Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals
The post Crypto Market Wrap: Consolidation Continues, Is a Breakout Imminent? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Markets Experience Mixed Trading Session, Analysts Expect Ethereum and Litecoin to Drop in Near-Future

The crypto markets have continued to gradually drift lower following last Friday’s market surge. Most cryptocurrencies have dropped today, with Ethereum trading down marginally, and XRP dropping nearly 2% due to concerns regarding the newly announced JP Morgan crypto (JPM Coin) possibly being a competitor.
Many analysts now expect major cryptocurrencies, including Litecoin and Ethereum, to see increased selling pressure in the near-term as these cryptocurrencies fail to break above their respective resistance levels.
Ethereum and Litecoin May Soon See Further Losses
At the time of writing, Ethereum is trading down marginally at its current price of $122. Although ETH is apparently stable at this price level, analysts are quick to point out that the cryptocurrency is currently sitting at the bottom of its flag formation, which may signal that a drop is imminent.
Chonis Trading, a popular cryptocurrency analyst, pointed this out in a recent tweet, noting that ETH is currently on the “edge of breaking down.”

$ETH – flag on the edge of breaking down … pic.twitter.com/SUSw6GTkMb
— Chonis Trading (@BigChonis) February 15, 2019

Litecoin is also facing growing resistance that it is struggling to break through, but it has been able to climb slightly today to its current price of $42.40.
Chonis Trading also discussed LTC in a recent tweet, noting that its price is currently struggling to break above the top of a descending triangle pattern that it is currently trading in.
“$LTC – That feeling when you play the #litecoin resistance line breakout, and the line ends up holding on the 1hr chart…”

$LTC – That feeling when you play the #litecoin resistance line breakout, and the line ends up holding on the 1hr chart… pic.twitter.com/UDx3CFKbLN
— Chonis Trading (@BigChonis) February 15, 2019

Hsaka, another popular cryptocurrency analyst on Twitter, also shared his thoughts on Litecoin, and said that where its price heads in the near-term is likely dependent on how Bitcoin’s price ultimately responds to its extended period of sideways trading.
“$LTC Update: Covered… Tested resistance twice and finally broke past it… $BTC seems to have coiled up pretty tightly to make a move now, don’t want to get caught on the wrong side… Booking profits,” he explained.

$LTC Update
Covered.
Tested resistance twice and finally broke past it.$BTC seems to have coiled up pretty tightly to make a move now, don't want to get caught on the wrong side. Booking profits. pic.twitter.com/LQNdZULxay
— Hsaka (@HsakaTrades) February 15, 2019

Crypto Markets Experience Mixed Trading Session
The overall cryptocurrency markets are currently trading mixed, despite Bitcoin’s apparent stability at its current price levels of $3,620.
At the time of writing, XRP is trading down nearly 2% at its current price of $0.30. XRP dropped slightly after news broke yesterday that JP Morgan would be releasing a cryptocurrency – aptly dubbed JPM Coin – that would operate in a similar fashion to Ripple’s XRP.
After dropping yesterday, TRON has climbed nearly 3% to its current price of $0.024.
Binance Coin (BNB) is one of today’s best performing cryptocurrencies, as it is currently trading up over 5% at $9.20. Yesterday, BNB dropped to lows of $8.50, which proved to be a level of strong support that helped spark today’s price surge.
Featured image from Shutterstock.
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