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The finding of a price action fractal in LTCUSD, however, may indicate that the recent pullback wasn’t a failure after all, but rather a sort of refuelling before launching into an even bigger surge. A Comparison Of Price Action Then And Now On Black Thursday in March 2020, the fractal begins—a black swan event that few predicted. LTCUSD, in contrast to Bitcoin, which made a lower low during the FTX, has almost exactly replicated the pattern from 2020. Even while some slight further decline may result from price continuing to follow the fractal, it ultimately holds at the resistance turned support. The latest pullback may be a retest, and if it holds, a more pronounced rally may occur.

  • It helps manage things smoothly, and then they come with their market value to currency or another external reference point for reducing the issues like volatility.
  • Based on this, Jiang Zhuoer concludes that we are now in the last sideways period of the bear market bottom.
  • The duo even broke through the $92 support level and tested the $84 area.
  • In addition, Miller advised the public not to confuse volatility with value, stating that the price of the main cryptocurrency will rise by the end of the year.
  • The calculator allows performing conversion with the foreign exchange rates that are continuously updated and sourced directly from the interbank market.
  • He believes that the halving planned for this year will have a big impact on the price of the main cryptocurrency, which will eventually reach $250,000.

If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse. The new organization will be led by Republican Congressman French Hill, who previously led the Fintech and Artificial Intelligence Task Forces. The platform has been evaluated by the Interfi network, and they are now developing a KYC application to ensure the platform’s security. The US dollar (USD, “Greenback”) is the most widely traded currency in the world.

Litecoin Price (LTC INR) Today

The current structure can be assumed as a triangle due to internal ABC formations. This suggests that the price would remain bullish from the current levels. In recent trading sessions, the price of Litecoin has remained stagnant below a significant resistance level while Bitcoin has experienced consistent fluctuations. Information about the LTC USD (Litecoin vs. US Dollar Binance) is available here. You will find more information by going to one of the sections on this page including historical data, charts, converter, Technical analysis, news, and more. Although there may not be a pause, we will see a new round of QT instead of QE.

Litecoin price analysis: LTC/USD gains bullish momentum at $54.55 … – Cryptopolitan

Litecoin price analysis: LTC/USD gains bullish momentum at $54.55 ….

Posted: Fri, 08 Jul 2022 07:00:00 GMT [source]

Scrypt is based on a key-derivative function that is password protected. Litecoin was among the foremost altcoins that were developed using the open-source code of Bitcoin. Like all other crypto assets, Litecoin is not issued by any conventional bank or government authority but created through a process called ‘mining’ based on an elaborate set of transactions using cryptography. These transactions are decentralized as they work on the common consensus verification process. Pound bulls hope that the Bank of England will raise the pound rate by 50 bp, and it will rise to at least 4.50% from the current 3.50% by the summer.

Trending in Crypto

A decisive rise above the $94 level might push the price of Litecoin up to the $98 or perhaps $100 level, making the next significant barrier probably $105. The cryptocurrency market is recovering gradually after the BTC downside move below $30K. The crypto market is mostly bullish with BTC unflagging in its pursuit for upside gains past $38k. Litecoin has the acronym of LTC, and the maximum to ever be in circulation is fixed at 84 million coins. Litecoin works as a series of blocks that are generated on the network. These blocks are ledger entries of Litecoin transactions, and typically, a new block is produced every 2.5 minutes.

Yes, you can invest in cryptocurrencies using Indian currency, but you cannot use cash for the payment. Every investor needs a bank account linked to the crypto account to add money and make a digital payment. Investors should note that exchanges charge some fees when you make an investment and redeem it.

  • It is expected that they will rise by 0.4% compared to the fall of 0.4% in November thanks to the pre-Christmas hype.
  • Litecoin was introduced in 2011 by an MIT graduate and former Google engineer Charles Lee.
  • Yes, you can invest in cryptocurrencies using Indian currency, but you cannot use cash for the payment.
  • Get live LTCUSD rate, historical price, and LTCUSD chart with our cryptocurrency converter.

In his opinion, it is also possible to say that the industry has recovered from the recent FTX collapse. On the other hand, there are no specific fundamental grounds for the development of a bullish trend at the moment. In the current conditions, it is necessary to monitor the macroeconomic situation, as it will have a strong impact on the dynamics of digital assets. At the moment, the consensus forecast of market participants is based on the fact that following the results of the February meeting, the Fed will raise the refinancing rate by only 0.25%.

Looking at these figures, we can conclude that not everything is so bad and there is no recession in the United States. And that the Fed’s 2022 aggressive monetary policy has not had a suffocating effect on the economy. However, some economists point out that consumer demand is losing its momentum (2.1% in Q4 against the forecast of 2.9% and 2.3% a quarter earlier). Based on this, they conclude that the chances of a mild recession remain. Tim Draper, a third-generation venture capitalist and co-founder of Draper Fisher Jurvetson, is also hoping for 2024.

Bank of England Governor Andrew Bailey has recently said that the British economy after Brexit has faced a shortage of more than 300,000 workers due to the cessation of the free movement of labor from the EU. Such a deficit has become an obstacle to the fight against inflation, as it entails an increase in wages. In addition, the country’s economy continues to be pressured by high energy prices and supply disruptions, as well as other problems related to sanctions against Russia due to its invasion of Ukraine. But, before giving forecasts, let’s turn to the events of the past five days.

Have a look at Litecoin price analysis

Tether and other stablecoins also help in making the price smooth for attracting dramatic volatility. The coin is also reaching other stablecoins that can help smooth out the costs and fluctuations that can attract many more users and otherwise make things stable in the market. Litecoin was introduced in 2011 by an MIT graduate and former Google engineer Charles Lee.

The artificial intelligence of the ChatGPT test platform supported him in this opinion. This platform has become popular due to its ability to solve a wide range of tasks with high accuracy, including asset trading. This has only happened 3 times in history, and the Fed has always eased its monetary policy. The overall picture is optimistic for bitcoin, but the situation is unprecedented now, so anything can happen,” McGlone said. “Look at the NASDAQ, the chart is breaking through the 200-week SMA.

digital currencies

According to a recent Forbes report, the exchange lost $12 billion in assets due to users continuing to withdraw money from the exchange. And despite statements from Binance CEO Changpeng Zhao that the situation has calmed down, the outflow of funds is now only increasing. The yield spread between 10-year US and German bonds is at its lowest level since April 2020, with smaller European countries narrowing their spreads. This dynamic indicates a decrease in the likelihood of the EU economy falling into a deep recession. Moreover, the winter in Europe turned out to be quite warm and energy prices went down, despite problems with their supply from Russia.

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Highlights for the UK front office back office what is the distinction in the coming week include Tuesday January 24, when a pool of UK business activity data will be released. China is celebrating the New Year next week, so we are happy to congratulate Chinese traders. As for the US and the Eurozone, the following events can be noted on the calendar. The ECB President Christine Lagarde will deliver a speech on Monday, January 23. Business activity indices (PMI and S&P Global) in the manufacturing sectors of Germany and the Eurozone as a whole will be published the next day.


But all this happened at the expense of small and medium-sized investors. The number of bitcoin addresses that hold up to 1,000 BTC has increased dramatically. But institutional whales practically did not react to what was happening and watched the bustle of shrimp with their characteristic grandeur and calmness. Suffice it to say that the inflow into bitcoin funds has been only about $10 million since January 10, and the number of wallets owned by whales continues to fall.


Given that the rate has already reached 4.50% at the moment, such a slight increase will clearly not benefit the dollar, but it will push up the competing currencies from the DXY basket and risky assets. There are still eleven and a half months ahead, which will show which of the forecasts will turn out to be closer to reality. In the meantime, at the time of writing the review , BTC/USD has broken through the $20,000 horizon and is trading in the $20,500 zone. The total crypto market capitalization is $0.968 trillion ($0.790 trillion at the low of December 30). The Crypto Fear & Greed Index rose from 25 to 46 points in a week, but still remains in the Fear zone, although it is already close to the Neutral state. Jiang Zhuoer, founder and CEO of a number of crypto projects, agrees with Eric Wall.

Litecoin price analysis: LTC price losses value at $79.46 as bears … – Cryptopolitan

Litecoin price analysis: LTC price losses value at $79.46 as bears ….

Posted: Thu, 16 Mar 2023 07:00:00 GMT [source]

It is an altcoin based on the open-source code of Bitcoin, with a few amendments made to enhance the same. Though both Bitcoin and Litecoin are decentralised payment networks, the latter stands out with the methodologies used. Litecoin is grounded on Scrypt for its proof of work pattern and performs much faster when it comes to the generation of blocks.

In summary, if the price remains below the $92 resistance level, it may continue to fall. Cryptocurrency prices frequently and unexpectedly decline due to the volatility of the crypto market. The market experiences significant drops from time to time and lately, Litecoin has been taking major hits in this regard. The Bank of England will also make its decision on the interest rate on Thursday, February 02. And if the probability that the Fed and the ECB will raise their rates is close to 100%, everything is not so simple with the pound. According to some analysts, the BoE may surprise the markets by pausing and slowing down the tightening of its monetary policy.

Explore our crypto corner section for more information on cryptocurrency

The calculator allows performing conversion with the foreign exchange rates that are continuously updated and sourced directly from the interbank market. They are tokens that can be used as a form of payment in exchange for online goods and services. They carry a pre-determined store value of their own, just like any other fiat currency like the US dollar or the Indian rupee.

That move was welcomed by the https://1investing.in/ exchanges and investors throughout the country. After this, Indian banks have tried to curtail transactions with crypto-exchanges as, in their view, they are governed by RBI. But later, RBI mentioned that banks cannot quote its 2018 ban to customers as it was overruled by the Supreme Court, paving the way for crypto trading to continue in India. Market growth in the first half of January came as a surprise to the bears. According to the statistics, they have lost about $1.2 billion in the last week alone. The volume of liquidated short positions exceeded long positions by six times at some points.

Litecoin Price Prediction: LTC Slips from the Channel – Comeback? – The Coin Republic

Litecoin Price Prediction: LTC Slips from the Channel – Comeback?.

Posted: Sun, 19 Feb 2023 08:00:00 GMT [source]

Because cryptocurrencies do not have an underlying economic base, they are inflation-proof. Plus, the digital structure facilitates free portability across geographical borders, divisibility and transparency. However, they are often criticised for the possibility of misuse in illegal activities, exchange rate volatility and the vulnerability of the infrastructure underlying them. If you look at last week’s chart, you can clearly see that the explosive growth of bullish optimism has almost come to naught.


It comes with the decentralized P2P network getting in shape with the technology called Blockchain. It is developed with the facto yardstick that can help in enjoying the cryptos and then can help in getting the legion that you can help in getting things done with it. Also, there is a P2P network that can help in getting the crypto to inspire everyone with followers and spinning off people. However, in the past year, we have seen Bitcoin affected a lot in the market.

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