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Litecoin Price Analysis: LTC retests descending resistance trendline, reversal back below $125 today?

Source Node: https://www.cryptopolitan.com/litecoin-price-analysis-2021-07-25/
Time Stamp: July 25, 2021 7:14 AM - Modified On: July 25, 2021 - Published By:
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Republished By Plato

TL;DR Breakdown LTC moved higher yesterday.Descending resistance trendline retested overnight.Market likely to reject further upside. Litecoin price analysis indicates bearish momentum to follow later today as a new lower high was established around $125-$128 price area, and further upside gets rejected as of now. Therefore, we expect LTC/USD to reverse later today and start heading towards the $105 major support next week. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market trades with a slight bullish momentum over the last 24 hours. Bitcoin is up by 1.27 percent, while Ethereum is

Ethereum Classic (ETC) Struggles to Overcome $7.50 Resistance

Source Node: https://beincrypto.com/ethereum-classic-etc-struggles-to-overcome-7-50-resistance/
Time Stamp: December 21, 2020 5:21 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Ethereum Classic (ETC) is currently making another attempt at breaking out above $7.50, something it has struggled to do since May. The price action and a variety of technical indicators suggest that ETC will be successful in breaking out.   Ethereum Classic Long-Term Support Levels ETC has been following an ascending support line since November 2018 and has validated it four times since. Since April 2020, ETC has also made several breakout attempts above the $7.50 resistance area, which is the 0.382 Fib retracement level of the most recent downward

Altcoins Set to Underperform? Bitcoin Dominance Prints Reversal Signal

Source Node: https://bitcoinist.com/altcoins-underperform-bitcoin-dominance-reversal-signal/?utm_source=rss&utm_medium=rss&utm_campaign=altcoins-underperform-bitcoin-dominance-reversal-signal
Time Stamp: August 17, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

While Bitcoin has performed well in recent weeks, some altcoins have done even better. Take the example of Chainlink (LINK), which has almost doubled in the past month. With many altcoins outpacing BTC, the Bitcoin dominance metric has plunged. Bitcoin dominance is the percentage of the crypto market made up of BTC. Despite the drop, an indicator predicts a bearish reversal for altcoins. Bitcoin continuing to undergo volatility could further suppress the bullish altcoin narrative. Analysts are currently expecting more BTC volatility in the days ahead, citing indicators like the

Stocks Correct While Digital Assets Stay Firm And a New DeFi Project Get Mashed

Source Node: https://www.bitcoinmarketjournal.com/stocks-correct-while-digital-assets-stay-firm/
Time Stamp: August 14, 2020 6:51 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Finally, the new-age tech investing has become delicious with the latest buzzword project, called Yam Finance. This particular protocol, which first entered the idea phase on August 1 and whose developers released the first implementation of their product on Tuesday, managed to rack up hundreds of millions of dollars’ worth of investments, before crashing out in a blaze of social media-hosted meme-economy glory last night. No duh, the coding was rushed and unaudited. It was bound to have flaws. In many cases finding a bug in your software is a

Why Chinese Miners Won’t Stage a 51% Attack on Bitcoin

Source Node: https://cointelegraph.com/news/why-chinese-miners-wont-stage-a-51-attack-on-bitcoin
Time Stamp: August 11, 2020 7:32 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

China accounts for more than half of the world’s Bitcoin mining capacity but Jameson Lopp, the co-founder and CTO of Casa, has hosed down fears that Chinese miners are a threat to Bitcoin in a blog post on Aug. 9.Although many people have raised concerns over the concentration of such much hashpower being located in China, Loop pointed out that even in the event of a 51% attack on Bitcoin, attackers are limited in what they can actually do. He explained that attackers can't steal people's Bitcoin arbitrarily, nor change the consensus

Ethereum Reaches a Turning Point; Here’s What Could Reverse Its Uptrend

Source Node: https://bitcoinist.com/ethereum-reaches-a-turning-point-heres-what-could-reverse-its-uptrend/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-reaches-a-turning-point-heres-what-could-reverse-its-uptrend
Time Stamp: August 10, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Ethereum has been consolidating alongside Bitcoin throughout the past several days, struggling to break above the heavy resistance that has been formed at $400 This consolidation phase has offered little insight into the cryptocurrency’s near-term outlook Analysts are now noting that ETH may be well-positioned to see significant upside in the short-term One trader is noting that there is one level that could invalidate this strength, but it remains unclear as to whether or not it will be tested anytime soon Ethereum and the entire cryptocurrency market is currently witnessing

XRP Forms Crushing Textbook Reversal Sign After 30% Explosion

Source Node: https://bitcoinist.com/xrp-forms-crushing-textbook-reversal-sign-after-30-explosion/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-forms-crushing-textbook-reversal-sign-after-30-explosion
Time Stamp: August 4, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

XRP has seen an extremely strong rally over the past few days, outperforming Bitcoin and even Ethereum on some days. Since July 22nd, the asset has gained in excess of 50%, reaching highs not seen since the February blow-off top. Some analysts see this price action as a precursor to a macro bull run for XRP. While this may be true, the leading altcoin is printing some signs that it will reverse for a few days or weeks, then potentially it may head higher. XRP Could Soon See Reversal: TD