|Day's Range||58.754 - 61.046|
|52 Week Range||30.44 - 146.43|
|Volume (24hr) All Currencies||4.03B|
It’s a bullish start to the day as the crypto market finds support amidst the equity market sell-off. Failure to push ahead could weigh later, however.
Litecoin (LTC) is currently trading at around $55 after a 5% drop in price over the last 24 hours. Litecoin experienced exponential growth during the summer of 2019, hitting a yearly high of about $140 in August before breaking down over the second half of the year. The altcoin reached a low of around $37 before recovering to $40, where the altcoin consolidated for a few weeks. Overall, from high to low, Litecoin lost about 68% of its value in the second half of 2019. Interestingly, at the time of writing, LTC seems to be showing signs of recovery along with the rest of the cryptocurrency market. Despite last night's drop, Litecoin is still up around 38% since the startThe post Latest Litecoin price and analysis (LTC to USD) appeared first on Coin Rivet.
Litecoin has been faced with a daunting rejection of the 200 exponential moving average (EMA) after making a fifth consecutive lower high since June. The world’s seventh-largest cryptocurrency is now in danger of dropping back towards the $47 level of support. Litecoin’s four-hour chart also shows the early stages of a head and shoulders pattern, with the left shoulder and neckline both seeing surges of volume. Head and shoulders patterns are typically indicative of a reversal in price action, which would be in keeping with the recent rally. Despite trading at just $37 before the new year, Litecoin spiked all the way up to $64 on January 17 before beginning a corrective move to the downside. If LTC is toThe post Litecoin remains bearish amid fifth consecutive lower high appeared first on Coin Rivet.
It’s a choppy start to the morning. Failure to move back through to key levels could see the majors cough up Tuesday’s gains…
Crypto lender BlockFi has added support for USD Coin (USDC) and Litecoin (LTC) across all of its offerings. Announced Wednesday, users of BlockFi Interest Accounts (BIA) can now deposit these two currencies to either earn monthly compounding interest on them or take out U.S. dollar-denominated loans against the crypto collateral. The company offers an initial […]The post Crypto lender BlockFi adds support for USDC and Litecoin appeared first on The Block.
A Litecoin block explorer is an essential tool for people wishing to check the status of their Litecoin transactions or track recently mined Litecoin blocks. It’s possible to find a whole host of Litecoin block explorers online, all of which provide valuable information about the Litecoin blockchain. What is Litecoin? Before we get into the ins and outs of Litecoin block explorers, here’s a recap of what Litecoin is. Launched in 2011, the Litecoin blockchain is capable of handling higher transaction volumes than Bitcoin and also offers improved storage efficiency. The downside of this speed is so-called “orphaned blocks” – when two miners produce blocks at similar times. Nevertheless, merchants that need transactions confirmed only need to wait 2.5 minutesThe post What is a Litecoin block explorer? appeared first on Coin Rivet.
It’s a bearish start to the day for the majors… Failure to move through to key levels by late morning will pressure the pack.
A Litecoin halving is an event where the number of generated Litecoin rewards per block is halved. Occurring roughly every four years, Litecoin halvings aim to preserve Litecoin’s purchasing power. The last Litecoin halving took place on August 5 2019, when the mining reward reduced from 25 Litecoins per block to 12.5 Litecoins per block. The next halving is expected to take place on August 6 2023, when the reward will decrease from 12.5 to 6.25 Litecoins. The purpose of a Litecoin halving To understand why Litecoin halving events occur, it’s helpful to understand the process behind the creation of LTC tokens. There is a limited amount of Litecoin that can be created. In total, there will be 84 millionThe post What is a Litecoin halving? appeared first on Coin Rivet.
A month after going fully operational, Switzerland-based cryptocurrency bank SEBA has expanded to nine new countries. In a statement shared with The Block on Thursday, SEBA said companies and institutional clients from Singapore, Hong Kong, the U.K., Italy, Germany, France, Austria, Portugal, and the Netherlands can now open accounts with the bank.The post Crypto bank SEBA expands to 9 new markets, including Singapore and Hong Kong appeared first on The Block.
Originally created by former Google employee and later CTO of Coinbase Charlie Lee, Litecoin (LTC) was one of the first serious altcoin projects developed with an actual purpose. While Bitcoin was seen as “digital gold” and a potential long-term store of value, Litecoin was created to be “silver” and used for everyday purposes. In essence, Litecoin possesses many of Bitcoin’s features, but is “lighter” to carry and faster to transact. Lee believes the goal and mission of Litecoin is to be a live testnet for Bitcoin. LTC has had a turbulent time in 2019, but how will Litecoin fare in 2020? Will higher volumes and fresh cash spur a new bull run after the disappointment of the halving? Essentially, forThe post What's the outlook for Litecoin in 2020? appeared first on Coin Rivet.
Cryptocurrency exchange Coinbase’s Visa debit card offering has added support for ethereum-based DAI stablecoin. Announcing the news Friday, Coinbase Card said DAI is the first stablecoin added to its offering.The post Coinbase’s Visa debit card adds support for DAI stablecoin appeared first on The Block.
Cryptocurrency exchange BitFlyer, recognized as one of the 10 exchanges with “real” trading volumes by asset management firm Bitwise, has just made it easier for users to buy cryptocurrencies.The post BitFlyer Europe users can now buy crypto with credit cards appeared first on The Block.
Japanese cryptocurrency exchange BitFlyer, recognized as one of the 10 exchanges with “real” trading volumes by asset management firm Bitwise, has added trading support for XRP cryptocurrency.The post Japanese crypto exchange BitFlyer adds trading support for XRP appeared first on The Block.
Litecoin (LTC) has recovered impressively over the past four days following last weekend's nervous descent to $43. It has now risen by more than 11% since November 24, with price currently residing at around $48.39. The next key level for Litecoin is the psychological level of support at $50, which was a bitter point of resistance in March and a key level of support in October. It's been a difficult year for Litecoin traders, with the world's sixth-largest cryptocurrency down by more than 55% since the highly anticipated halving and 67% from yearly highs. If price gets rejected at the $50 level, Litecoin can be expected to fall back down to the $39 and $27 levels of support, which coincidentallyThe post Litecoin set to buck bear market trend with breakout above $50 appeared first on Coin Rivet.
In the last decade, bitcoin saw a 9,000,000% increase. Yahoo Finance's Adam Shapiro, Julie Hyman and Dan Roberts join Frank Chaparro, The Block Senior Correspondent to discuss.
Joining Yahoo Finance's Myles Udland is Jared Blikre to break down the week's price action in cryptocurrencies, stocks and bonds.
If you think bitcoin is male-dominated, a new report suggests otherwise. Grayscale Investments, in its 2019 Bitcoin Investor Study, finds 43% of the crypto curious are women. Grayscale managing director Michael Sonnenshein joins Yahoo Finance to discuss.
Winklevoss backed startup, BlockFi, is rolling out a new, zero-fee trading platform that allows users to trade, borrow and earn interest on their crypto. BlockFi Founder and CEO Zac Prince joins Yahoo Finance's Zack Guzman and Kristin Myers, along with Black Hawk Financial Founder Leanna Haakons, to discuss.