Litecoin is changing hands at $56.35. The coin is range-bound on Thursday amid market indecision. Cryptocurrency traders try to come to grips with the recent sell-off and figure out what to do next. LTC shifted to sixth place in the global cryptocurrency rating. The market capitalization of the coin settled at $3.6 billion.

Looking technically, LTC/USD needs to recover at least above $60.00 to mitigate the initial bearish pressure and allow for an extended recovery towards $62.00 strengthened by the middle line of four-hour Bollinger Band. Once it is out of the way, the upside is likely to gain traction towards even stronger hurdle created by a confluence of technical indicators clustered around psychological $70.00. The above-said indicators include SMA200 (Simple Moving Average) one-hour, SMA50 and SMA200 one four-hour chart.

On the downside, the local support is located at $56.00 (the lower line of one-hour Bollinger Band) A sustainable move lower will attract new sellers and push the price towards September 25 low at $53.06. This barrier is likely to slow down the bears and initiate a rebound.

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Litecoin Gets Back To The Lower Border Of The Channel - Benzinga

Litecoin, the sixth-largest cryptocurrency by market cap, has had something of a rough week, and is experiencing up-and-down behavior like nobodys business.

To be fair, Litecoin isnt alone in its present dilemma. Bitcoin, for example, is currently trading in the $8,100 range roughly $2,000 less than where it was when last week ended. Ethereum is also down for the count, trading at around $168 at press time from last weeks high of $190.

Litecoin, however, seems to be getting hit harder. According to Joe DiPasquale, the CEO of crypto hedge fund Bit Bull Capital:

Litecoin has been under pressure since the halving of the block reward failed to boost price and it wasnt helped by concerns surrounding funding for future development. The current price drop is simply the result of these fundamental issues and the fact that Litecoin closely follows bitcoin.

In the long run, bitcoin and Litecoin seem to share a very unique relationship, to say the least. Whenever bitcoin goes up, so does Litecoin. If bitcoin falls, Litecoin is sure to follow. The two seem to be tied together and work together regardless of what other cryptocurrencies might do. Thus, as it stands, since bitcoin is traversing through the doldrums, Litecoin is duty bound to engage in the same behavior.

Akbar Thobhani, the CEO and founder of SFOX, believes that the halving of last month likely has the most to do with Litecoins present dilemma. He comments:

Halvenings of any major cryptocurrency, historically, have correlated with increased volatility as traders are uncertain about the effect that the change in the rate of new coin supply will have on the coins price. SFOX previously suggested that the Litecoin halving could correspond with more LTC volatility, and we appear to be observing that trend. As with any asset class, lasting value comes from fundamentals such as number of users and transactions, and these are the metrics to watch as Litecoin and other cryptocurrencies continue to grow.

At the same time, the currency has shown a relatively active level of resilience, and at press time, Litecoin has jumped up by roughly three percent in the last 24 hours, spiking from its new low of $54 to about $55 at press time.

Unfortunately, whats not great is that the currency was hitting highs of roughly $145 during the summer of 2019, and just last week, was trading in the $70 range, which is still considerably better than its present position. Still, though, its market cap has reached an impressive $4.6 billion and its one of the few top ten cryptocurrencies that have expanded in price during this time.

Thats not to say, however, that theres not a lot of catching up to do (the same can be said for many coins).

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The Hard Week Thats Been Hitting Litecoin - Live Bitcoin News

Atomic wallet successfully launched the loyalty program for its users, and it is based on Binance Chain. A multi-level membership program provides cashback for AWC owners, which can reach $300 a month.

Regarding the innovations, Atomic Wallet CEO, Konstantin Gladych, said the following:

As Atomic Wallet is rapidly growing and getting popularity within the crypto community, our membership program will help to all crypto enthusiasts not only enjoy using Atomic but also to get benefits of AWC token.

To start receiving cashback from Atomic, the users account must have none the less 1000 AWC tokens; payments are made for using the built-in exchange service. The algorithm is quite simple; the more users hold tokens, the more they will receive at the end of the month.

Screenshot of Atomic Wallet application

Atomic has divided its loyalty program into four main levels: Bronze, Silver, Gold and Platinum. Depending on how much AWC you hold, the cashback may rise from 0.25% to 1%, and the limit too. On the Bronze level, it will be $100, but moving forward to Platinum it gonna rise to $300 cashback limit per month, which is pretty nice.

For those who do not know, Atomic is a universal cryptocurrency wallet that supports more than 500 coins and tokens without deposits and is suitable for most OS.

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Tether (USDT) Becomes Fourth Biggest Cryptocurrency, Trumping Bitcoin Cash (BCH) and Litecoin (LTC) - U.Today

Even as the majority of the cryptocurrency market has started seeing small losses, Litecoin (LTC) has been hitting new milestones to help it make bullish waves lately.

The market has definitely seen an improvement overall in 2019, especially when compared to the situation as it was last year. However, cryptocurrency price charts clearly indicate that the current market sentiment is not as bullish as it was between April and July of this year. The bullish year has been seeing several months of stagnation right now, and many have turned neutral to bearish.

Surprisingly enough, Litecoins overall performance has been seen as bullish, even during this period. This situation is even more interesting considering the fact that LTC went through a reward halving only a little over a month ago. A halving is a rare occurrence and it is difficult to predict how the LTC price might behave afterward.

But, now that the halving is in the past, LTC is finally able to move on, and it did so in a positive way. According to new data, there are five major reasons for Litecoins new bullishness.

As mentioned, there are five aspects and fundamentals that have been improving for LTC lately that could be adding to its value.

The first is the fact that the concentration of large holders is growing. This is always a good sign for a coin, as it shows that a lot of people have faith in it. If LTC holders are willing to accumulate, this seems to be an especially good sign for the project.

Next, the number of large Litecoin transactions has improved as well. Most likely, these transactions are being boosted by large the large amounts of LTC that are being bought and possibly transacted to storage.

Third, is the curious behavior of LTC price. Its not been on a constant rise, but it has been relatively stable when considering the rest of the market. Litecoin traded between $69 and $72 in the past week, meaning that there is only about a 6% difference between its lowest and highest points in the past 7 days.

There are also more people than ever that are in the money (ITM), a term that refers to options that possess intrinsic value. Basically, it means that something has value at a strike price, which is favorable in comparison to the prevailing market price of the underlying asset.

Finally, Litecoins correlation to Bitcoin itself is dropping, which is rare to see in the cryptocurrency space. As the first cryptocurrency, and the coin with the largest price and highest market cap Bitcoin is the most dominant asset in the entire industry. As such, it has been known to dictate the behavior of the market and most coins in it.

So far, there has been a handful of cryptocurrencies that have managed to reduce its influence, with Binance Coin (BNB) often being referred to as the only coin ever to do it successfully. Now, LTC might be on the road to do the same, which is especially difficult, since LTC code was created from Bitcoins template.

If these positive factors continue on their current course, LTC might truly become one of the best performers in the market in Q4 and on it to 2020.

What do you think of Litecoin? Have you, or do you plan to invest in it? Share your thoughts in the comments below.

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Litecoin Turns Surprisingly Bullish Due to These Five Factors - BeInCrypto

Litecoin Foundations full-time developer, Loshan T recently stated on Twitter that Bitcoin and Litecoin wallets were no longer safe on iPhones older than and including iPhone X. This was followed by the developer recommending users to upgrade their iPhone devices, considering that several people use smartphone according to Litecoin Foundations internal data. Additionally, Loshan explicity stated that updating iOS would not solve the problem as it is an unpatchable exploit.

Loshan made the statement in the wake of a Tweet made by Axi0mX. The Twitter handle had stated,

EPIC JAILBREAK: Introducing checkm8 (read checkmate), a permanent unpatchable bootrom exploit for hundreds of millions of iOS devices. Most generations of iPhones and iPads are vulnerable: from iPhone 4S (A5 chip) to iPhone 8 and iPhone X (A11 chip).

Axi0mX stated that this was possibly the biggest news in iOs jailbreak community in years, considering that the previous version of an iOS device to have been suseptible to public bootrom exploit was iPhone 4. The Twitter account also announced release of the exploit for free for the benefit of iOS jailbreak and security research community, adding that the release was not a complete jailbreak with Cydia, a package manager mobile app for iOS, but just an exploit.

In light of this, Litecoin developer added that iPads that were released before 2019 were also insecure, adding that users private keys were at risk. He said,

huh, whilst you might think most crypto people use android, most (from the @LTCFoundations internal data) seem to use iOS. we actually have like 100-150K more installs of loafwallet on iOS

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Litecoin and Bitcoin wallets on iPhones older than and including iPhone X are insecure, says LTC developer - AMBCrypto

In the end, Charlie Lee says Litecoin will have succeeded when it doesnt need him anymore. Heres what this means for the Litecoin Foundation.

In an exclusive interview with CryptoSlate, Charlie Lee shared the origin story behind Litecoin.

Initially, I was just in it for fun, he said about the coins creation. At the time, Lee was working at Google as a software engineer.

Lee positioned Litecoin as silver to Bitcoins gold. With faster block times and lower fees to facilitate cheap transactions, it complemented Bitcoin as a method for making cheap, fast payments. He doesnt see this changing anytime soon, either:

I positioned it to silver to Bitcoins gold when I first launched it. I think theres always going to be space for Litecoin to thrive so Im not worried about all these other coins coming into space. Theres always going to be tons and tons of coins. But I think Litecoin and Bitcoin will be really used as currency, Lee said confidently.

Created in October 2011, Litecoin predates the vast majority of blockchain projects. And soon after its creation, Litecoin quickly grew into one of the largest cryptocurrencies by market capitalization. It maintained this title year after year, ranking as the fifth-largest coin with a $5 billion market capitalization.

Meanwhile, as Litecoin became a pillar in cryptocurrency Lees relationship to the project also changed. Now I feel responsible to shepherd Litecoin and also try to help Bitcoin, Lee shared.

Founded in April 2017, the Litecoin Foundation aims to advance the development and adoption of LTC. The Singapore based non-profit was created to help Litecoin in every way he can think of, said Lee.

Unlike other crypto foundations like the NEO Foundation or the TRON Foundationwhich funded themselves by retaining coins from their respective ICOsthe Litecoin Foundation went to the community to raise funds via donations and merchandise sales.

The Foundation gauges its success by the adoption it stimulates. Network hash rate, on-chain metrics, transactions, wallet accounts, and application downloads are all figures the Foundation watches closely.

Right now, aiding Litecoin adoption and running the Foundation are Lees full-time commitments.

In December 2017, near Litecoins all-time high, Charlie Lee sold his entire LTC holdings citing potential conflicts of interest given his influence over the coins price. The decision is a recurring point of criticism among investors.

People claim that Lee is no longer financially motivated to support Litecoin. And based on his comments, hes not. Charlie Lee seems ideologically driven.

To date, Charlie Lees statements and actions have proven he is still fully invested in the project. In fact, Lee even left his position at Coinbase as director of engineering to work full-time on Litecoin.

Lees finances affirm his commitment. Charlie Lees donations account for 80 percent of the Foundations funding, according to an interview with CoinDesk. Based on recent financial statements from the non-profit this would amount to roughly $800,000.

Instead of making money, Lee seems more interested in fighting for the freedom of money.

Despite Charlie Lees influence and power over Litecoin, his goal is for the community to outgrow his leadership.

What Id like to see with Litecoin is that it eventually it wouldnt need me so in the end its a decentralized currency. Having a centralized figurehead is counterproductive. Because then, I become a central point of failure.

That isnt to say the project depends on Lee. Similar to other politically decentralized cryptocurrency projects like Ethereum and Bitcoin, Litecoin would exist perfectly fine if the Litecoin Foundation disappeared, he said. Nonetheless, his involvement is still a point of failure, he argues:

If I get co-opted, or if I get attacked by government, for example, saying I have to put KYC into Litecoin or theyre going to lock me up, thats just bad. Theres no good end result if that happens.

Instead, Lee wants the community to grow to the point where Litecoin can thrive without himin a way thats decentralized and resilient to regulation.

I think over time I would need to step away. Start doing less, letting the community take over. And we have a great community for Litecoin. So Im not really concerned about that at all.

That isnt to say Charlie Lee is stepping down anytime soon. In the meantime, I think I do more good helping Litecoin along than harm.

In a Cincinnatus-esque fashion, Lee wants to eventually step down from power. And when that happens, people can rest assured that Litecoin will have succeeded in helping the world adopt the best form of money ever seen.

Litecoin, currently ranked #5 by market cap, is up 2.22% over the past 24 hours. LTC has a market cap of $4.84B with a 24 hour volume of $3.72B.

Chart by CryptoCompare

Litecoin is up 2.22% over the past 24 hours.

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Litecoin will have succeeded when it doesnt need Charlie Lee [INTERVIEW] - CryptoSlate

The Litecoin Foundation is putting its capital to work, lending at interest through another cryptocurrency program.

The Foundation has tapped the Celsius Network, a blockchain-based crypto lending program, to become its preferred crypto wallet, Celsius Network CEO Alex Mashinsky told CoinDesk.

As part of the deal, the Foundation will allocate an undisclosed portion of its treasury to the Network. LTC holders can receive up to 10.53% annually back on their crypto holdings and dollar loans as low as 4.95 percent as well.

Mashinsky said the endorsement by the Foundation validates the platform, which claims to give back up to 80 percent of its revenue to depositors.

Litecoin being the first foundation to work with us and endorse us is a real milestone. Its a huge event,Mashinsky said. Thats the first time I can say that the general community is recognizing Celsius for the utility it provides.

Raising $50 million in a 2018 initial coin offering, Celsius has completed over $2 billion in loans in 2019, held $350 million annually in customer deposits, and issued over $3.5 million in interest.

Crypto custodian BitGo told CoinDesk they held some $1 billion in Celsius-based crypto deposits this past year, almost double the amount locked away in decentralized finance protocols according to DeFi Pulse.

The primary non-profit tasked to maintain the cryptocurrencies codebase, the Foundation has been actively seeking partnerships this past year. Notable additions have included the Miami Dolphins, and now, the Celsius Network.

The Foundations financials came under scrutiny last quarter following disclosures concerning employee pay during Q1. Litecoin creator and Foundation managing director Charlie Lee told CoinDesk at the time he would continue to fund the Foundation until financially stable.

Lee told CoinDesk the interest-bearing deposits were the onus for signing up with Celsius, particularly for LTC holders.

Weve chosen Celsius as the LFs preferred interest bearing wallet as we are always interested in helping LTC holders take advantage of new use cases for their holdings. What better way to show our confidence in the product than by allocating a portion of the LFs treasury.

Lee told CoinDesk the Foundation has no plans for taking out loans on collateral, a product Celsius offers.

At this time, we have no immediate lending or borrowing plans, Lee said at the time. As our relationship with Celsius evolves we are certainly open to exploring new opportunities.

Charlie Lee image via CoinDesk archives

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Litecoin Non-Profit to Hold Undisclosed Treasury Sum with Crypto Lender - CoinDesk

Bitcoin Cash ABC Visits of $330

Bitcoin Cash ABC rose by 2.35% on Wednesday. Following on from a 2.88% gain on Tuesday, Bitcoin Cash ABC ended the day at $324.08.

A mixed start to the day saw Bitcoin Cash ABC rise to a mid-morning high $326.21 before sliding to a mid-day intraday low $317.63.

Bitcoin Cash ABC left the major support and resistance levels untested in spite of the choppy start to the day.

Finding support from the broader market, Bitcoin Cash ABC rallied to an early afternoon intraday high $332.

Bitcoin Cash ABC broke through the first major resistance level at $328.42 before sliding back to sub-$320 levels and into the red.

A final hour recovery delivered the upside on the day.

At the time of writing, Bitcoin Cash ABC was down by 2.02% to $317.54. A mixed start to the day saw Bitcoin Cash ABC rise to an early morning high $323.45 before falling to a low $317.54.

Bitcoin Cash ABC left the major support and resistance levels untested early on.

For the day ahead, Bitcoin Cash ABC would need to move through to $324.60 levels to support another bullish day.

A move through to $328 levels would bring the first major resistance level at $331.51 into play.

Barring a broad-based crypto rally, however, the first major resistance level and Wednesdays high $332 would likely cap any upside.

Failure to move through to $324.60 levels would see Bitcoin Cash ABC struggle on the day.

A fall through the first major support level at $317.14 would likely bring the second major support level at $310.20 into play. Barring a crypto meltdown, however, Bitcoin Cash ABC should steer clear of sub-$310 levels.

Litecoin rallied by 4.84% on Wednesday Following on from a 1.91% rise on Tuesday, Litecoin ended the day at $77.75.

A bullish start to the day saw Litecoin rise from an early morning intraday low $74.09 to a mid-morning high $76.78.

Coming up short of the first major resistance level at $77.13, Litecoin slipped back to $74 levels before making a move.

An afternoon rally saw Litecoin surge to a late afternoon intraday high $80.26. Litecoin broke through the first major resistance level at $77.13 to come up against the second major resistance level at $80.14.

Selling pressure late in the day left Litecoin back at $77 levels to limit the upside on the day.

At the time of writing, Litecoin was down by 2.7% to $75.65. A particularly bearish start to the day saw Litecoin slide from an early morning high $77.78 to a low $75.16.

In spite of the early sell-off, Litecoin left the major support and resistance levels untested.

For the day ahead, a move back through to $77.40 levels would signal a run at the first major resistance level at $80.64.

Litecoin would need the support of the broader market, however, to break out from Wednesdays high $80.26.

Failure to move through to $77.40 levels could see Litecoin spend the day in the red. A fall back through the morning low $75.16 would bring the first major support level at $74.47 into play.

Barring an extended sell-off through the day, Litecoin should steer clear of sub-$74 levels.

Story continues

Ripples XRP surged by 9.85% on Wednesday. Following on from a 9.03% rally on Tuesday, Ripples XRP ended the day at $0.31428.

A bullish start to the day saw Ripples XRP rally from an intraday low $0.28596 to an early morning high $0.31302.

Ripples XRP broke through the first major resistance level at $0.3031 before easing back to sub-$0.31 levels.

Finding support from the broader market, Ripples XRP rallied to an early afternoon intraday high $0.32732. The 2nd rally saw Ripples XRP break back through the first major resistance level and break through the second major resistance level at $0.32010.

A pullback through the afternoon saw Ripples XRP fall back to sub-$0.31 levels before finding support late in the day.

At the time of writing, Ripples XRP was down by 3.81% to $0.30231. Tracking the broader market, Ripples XRP slid from an early morning high $0.31414 to a low $0.29665.

Ripples XRP left the major support and resistance levels untested early on.

For the day ahead, a move back through to $0.3090 levels would support a run at Wednesdays high $0.32732.

Ripples XRP would need the support of the broader market, however, to take a run at the first major resistance level at $0.3324.

Barring a broad-based crypto rebound, Ripples XRP would likely struggle to break back through to $0.32 levels on the day.

Failure to move through to $0.3090 levels would bring the first major support level at $0.2911 into play.

Barring an extended crypto sell-off, however, Ripples XRP should steer clear of Wednesdays low $0.28596.

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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Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 19/09/19 - Yahoo Finance

Bitcoin (BTC) and the crypto market cap are declining sharply. Ethereum (ETH), LTC, BCH, EOS, cardano, ripple, TRX, XLM and BNB are currently correcting gains.

Bitcoin cash price traded above the $320 level against the US Dollar. However, the BCH/USD pair failed to gain traction above the $325 resistance level and recently started a downside correction. The price is down around 4% and it seems like it could soon test the $305 support level.

On the upside, the $320 level is an initial resistance. However, the main support on the upside is near the $325 level, above which the price could rally towards $340.

Litecoin price recovered nicely above the $72.00 and $75.00 resistance levels. However, LTC price failed to continue higher and it is currently correcting gains. It is trading below the $75.00 level and it seems like it could test the $72.00 support in the near term.

Tron price is facing a strong resistance near the $0.0172 level. TRX price is currently correcting recent gains and is approaching the $0.0165 support area. If there are more downsides, the price could continue to slide towards the $0.0162 support area. On the upside, the price might struggle near $0.0170 and $0.0172 in the near term.

Cardano price managed to climb above the $0.0500 resistance area. However, ADA price is struggling to break the $0.0520 resistance and it is currently correcting lower. If it breaks the $0.0500 support, it could resume its decline in the coming sessions.

Looking at the total cryptocurrency market cap 4-hours chart, there was a sharp bearish reaction after the market cap tested the $265.0B resistance area. It broke many supports near the $260.0B and $255.0B levels. Moreover, the market cap declined below a major bullish trend line with support near the $255.0B level. However, the $245.0B area is acting as a strong support. It seems like there could be a minor upward move before the price revisit the $245.0B support area. Therefore, there could be more dips in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near term.

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Crypto Market Cap & Bitcoin Drop Sharply: BCH, Litecoin, ADA, TRX Analysis - newsBTC

Litecoin is back above $70, after appreciating more than 15% since its most recent lows of $62 on August 29.

However, the current price of $72 does not tell the full story; the fifth-largest cryptocurrency by market cap has had a wild ride in 2019.

After starting the year at $31, the price of Litecoin doubled to $60 in the first three months of the year. From then, it rode on Bitcoin's coattailsas did the rest of the marketrising up to $100 on April 2. Shortly afterwards, it rallied again, hitting a high of $145 in June.

While most of the market did well during that time, Litecoin received special treatment because it was heading towards its halvingwhen the new supply of Litecoin is cut in half. That happened on August 5, but as its price had already started declining, the halving did little to prop up price. In fact, it continued to fall to lows of $63 at the end of August.

And the picture was looking bleak. Since the halving, Litecoin's hashrate tumbled below 300 TH/s, down 42% since highs in July. This suggested miners were pulling out of the market because of the falling price.

But, Litecoin has seen a turnaround in the last month. The rising price has shown that investors are still interested in the cryptocurrency, especially considering that Bitcoin's price has largely flatlined in the same period. Its changing fortunes have also seen the falling hashrate flatten out; it's now back above 300 TH/s, but only just.

With just 41 days to go before the project's annual summit in Las Vegas, it remains to be seen if the atmosphere will be one of jubilation or despondency.

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Litecoins price bounces back while Bitcoins price stays steady - Decrypt

Bitcoin has long been the prime mover of the cryptocurrency market though that has begun to change in recent years.

Major coins ethereum, litecoin, Ripple's XRP and bitcoin cash, which along with bitcoin make up the five most valuable cryptocurrencies, all moved sharply higher today as bitcoin remained on holdwith the market braced for fireworks this week.

The bitcoin price, up just 0.5% over the last 24-hour trading period, has been left in the dust today by Ripple's XRP, up 10%, ethereum, up almost 8%, and litecoin and bitcoin cash, both 6% higher.

The bitcoin price has failed to perform as well as ethereum, Ripple's XRP, litecoin, and bitcoin cash today.

The rise in Ripple's XRP, which led the market higher today, is likely a response to reports a looming fork of the token, caused by a civil war that's been brewing among the XRP community, will come to naught.

There has been growing disquiet in the XRP community recently due to Ripple selling XRP to its clients to fund various investments.

Ripple revealed in July a quarter-to-quarter increase of XRP sales of around 48%. Ripple is estimated to own about 60 billion of 100 billion XRP tokens in existence.

"I'm thinking about forking XRP so we dont have to deal with the founders dumping," Twitter user and XRP investor CryptoBitlord,wrote in August. "This will be a community effort."

A change.orgpetitioncalling on Ripple to stop "dumping" XRP has recorded over 3,600 signatures since it was created last month.

Bitcoin,which has climbed some 200% so far this year, has meanwhile been trading sideways over the last couple of monthsas market watchers eye global regulators, technology giants, and the likes of Facebook's libra for possible signals of where the bitcoin and cryptocurrency market might be going next.

However, sentiment among the wider cryptocurrency market has been boosted by bitcoin's dominance, a measure of bitcoin's value compared to the rest of the crypto market, climbing to levels not seen in almost two years.

"Bitcoin dominance is now comparable to where it was before there was even a developed market for altcoins," eToro's senior market analyst Mati Greenspan said via Twitter. "Hard to see it getting much stronger from here."

Bitcoin dominance topped 70% this month, up from just over 50% at the beginning of this year, according to CoinMarketCap data.

The XRP price has struggled so far this year along with the wider so-called altcoin market, while bitcoin has soared.

Elsewhere, ethereum investors were cheered by news the ethereum network processed the most activity in its history.

Stellar, the world's tenth biggest cryptocurrency by value, also made strong gains today, adding over 10%.

Forbes Special Offer: Be among the first to get important crypto and blockchain news and information with Forbes Crypto Confidential. It's free, sign up now.

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Bitcoin Flatlines As Ripples XRP, Ethereum, Litecoin And Bitcoin Cash Surge - Forbes

Litecoin is among the weekend biggest gainers alongside Ethereum and Bitcoin Cash. The altcoins are said to be fighting to find their path away from Bitcoin. The largest cryptoasset is hovering above $10,300 as discussed in an earlier published analysis.

The lower high pattern recorded last week met its end on meeting the main ascending trendline at $67.52. The buyers pushed LTC above the simple moving averages; the 50 SMA on the one-hour chart at $69.11 and 100 SMA at $69.49. This move allowed the bulls to boost Litecoin upwards and reclaim the support at $70.

Further movement north brushed shoulders with $72 but sadly the bullish magic stopped here. Litecoin is trading at $71.61 at the time of writing following a 2% increase in value on the day.

The Elliot Wave Oscillator has a transitioned from a continues bullish session to the first bearish session on Monday. The correction towards $70 support is likely to continue as long as Litecoin fails to break $72.00 resistance. The Relative Strength Index (RSI) retreated from the overbought region and is now holding ground at 66.66. If the indicator continues with the current sideways trend, we are likely to see Litecoin dance between $70 support and $72 resistance level.

Originally posted here:

Litecoin price analysis: LTC/USD reclaims $70 support amid broad-based crypto recovery - FXStreet

Litecoin (LTC) is reflecting a marvelous momentum from past 2-3 days. The escalation is terrific and looks like the good days are here. The last couple of months brought a steep fall in LTC price, but now the recovery is clearly indicated.

The day is expected to bring the traders a considerable profit. The uptrend seems sustainable and is anticipated to bring the flourishing time back.

Yesterday, the day began with a moderate movement in Litecoin. The upsurge started in the second half of the day. LTC price jumped from $72.413 to $74.456 by 2.82%. The uptrend continued and took the LTC price to $75.958 from $73.555 by 3.27%.

The final jump of the day brought the coin to $78.073 from $74.792 by 4.40%, but the Litecoin price fell to $74.420. However, the day closed with an intraday progression of 1.59% at $74.4. Today, the opening hours brought escalation in the LTC price. The counters jumped from $74.420 to $76.198 by 2.39%.

There are speculations that Litecoin would turn out to be the biggest competitor for Bitcoin. The future of the currency is brighter. We are speculating that it would give a flourishing return on investment. LTC has many a time-proven that it holds the capability of coming out of great storms. The current market cap stands at $4,771,500,025. The 24-hour volume of Litecoin is $3,221,155,821. The ROI of the coin stands at 1653%.

As per the current price trend, there is a high possibility for LTC to reach up to $95 by the year-end. We would suggest the traders interested in Litecoin opt for long-term investment. The same would bring a colossal profit.

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Litecoin Price Escalation Prepones the Price Rally; Uptrend Reflects Stability - CryptoNewsZ

Bitcoin and the wider cryptocurrency market's huge price rise over the last few years meant that criminals quickly began taking a closer interest in crypto.

A rapid increase in crypto scams and thefts came along with mainstream bitcoin awareness.

Now, cyber security researchers have warned that malware could be stealing bitcoin and cryptocurrency wallet information.

Increased bitcoin awareness, coupled with the sudden rise in the value of bitcoin and other cryptocurrencies, means that cyber criminals have begun to target crypto holders.

The piece of malware, named InnfiRAT, a so-called remote access trojan, is able to steal sensitive information stored on a device including bitcoin and cryptocurrency wallet data, with cyber security researchers at Zscaler's ThreatLabZ naming bitcoin and litecoin wallets as potentially at risk, though others are as well.

"Among other things, InnfiRAT is written to look for cryptocurrency wallet information, such as bitcoin and litecoin," ThreatLabZ experts wrote in a blog post.

The remote access trojan searches for wallet.dat files and if found delivers them to a server controlled by the cyber criminals.

The researchers warned that RATs are usually downloaded through an infected email attachment or app and warned people should only use trusted sources.

As cyber criminals increasingly target bitcoin and cryptocurrency holders, the industry will have to find ways to adequately protect users, though it could be an uphill struggle.

The bitcoin price has surged over the last few years, making cryptocurrencies far more attractive to cyber criminals.

Last week,researchers warned a staggering four out of the first five results returned when asking Google for a "bitcoin qr generator" led to scam websitespotentially furtheringnegative public perception around bitcoin and cryptocurrency.

Earlier this month, it was found bitcoin's blockchain has been hijacked by a new strain of the Glupteba malware that uses the network to resist attacks and update itself, meaning it can continue running even if a device's antivirus software blocks its connection to servers run by the hacker.

Forbes Offer: Be the first to get important crypto and blockchain news with Forbes Crypto Confidential, a free e-letter delivered to your inbox. Sign up now.

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Bitcoin And Crypto Wallets Are Now Being Targeted By Malware - Forbes

Bitcoin Cash ABC Struggles at $300

Bitcoin Cash ABC fell by 0.63% on Friday. Reversing a 0.37% gain from Thursday, Bitcoin Cash ABC ended the day at $298.55.

Bearish through the morning, Bitcoin Cash ABC fell from an early morning intraday high $300.71 to an early afternoon intraday low $294.33.

While falling short of the first major resistance level at $303.98, Bitcoin Cash ABC fell through the first major support level at $296.05.

Finding late support, Bitcoin Cash ABC recovered to $298 levels to limit the downside on the day.

At the time of writing, Bitcoin Cash ABC was down by 0.36% to $297.48. A mixed start to the day saw Bitcoin Cash ABC rise to an early morning high $298.94 before falling to a low $297.48.

Bitcoin Cash ABC left the major support and resistance levels untested early on.

For the day ahead, a move back through to $298 would support a run at the first major resistance level at $300.97.

Bitcoin Cash ABC would need the support of the broader market, however, to break through to $300 levels.

Barring a broad-based crypto rebound, Fridays high $300.7 and first major resistance level would likely limit any upside.

Failure to move back through to $298 levels could see Bitcoin Cash ABC slide deeper into the red. A fall through to $296 levels would bring the first major support level at $294.76 into play.

Barring a crypto meltdown, Bitcoin Cash ABC should steer clear of sub-$290 levels. The second major support level at $291.52 should limit any downside on the day.

Litecoin fell by 0.16% on Friday. Following on from a 0.80% decline on Thursday, Litecoin ended the at $69.09.

A bearish start to the day saw Litecoin tumble from an early morning intraday high $69.69 to a late afternoon intraday low $67.10.

Falling short of the major resistance levels, Litecoin fell through the first major support level at $68.38 and second major support level at $67.48.

Finding support from the broader market, a late recovery to $69 levels limited the downside on the day.

At the time of writing, Litecoin was down by 0.33% to $68.86. Tracking the broader market, Litecoin fell from an early morning high $69.49 to a low $68.49 before finding support.

Litecoin steered clear of the major support and resistance levels early on.

For the day ahead, holding above $68.60 levels through the morning would support another run at the first major resistance level at $70.15.

Litecoin would need the support of the broader market, however, to break out from this mornings high $69.49 and Fridays high $69.69.

Barring a broad-based crypto rebound, however, we would expect Litecoin to continue to fall short of $70 levels.

Failure to hold above $68.60 levels could see Litecoin take a bigger hit on the day. A fall through to $68.20 levels would bring the first major support level at $67.56 into play.

We would expect Litecoin to steer clear of sub-$67 support levels, however.

Story continues

Ripples XRP rose by 0.55% on Friday. Reversing a 0.29% fall from Thursday, Ripples XRP ended the day at $0.25615.

A choppy start to the day saw Ripples XRP rise to a mid-morning high $0.25660 before hitting reverse.

Falling short of the first major resistance level at $0.2578, Ripples XRP fell to a late morning intraday low $0.25265. Ripples XRP came within range of the first major support level at $0.2520 before rallying to a late afternoon intraday high $0.25669.

Falling short of the major resistance levels, Ripples XRP fell back to $0.2530 levels before late support kicked in.

At the time of writing, Ripples XRP was down by 0.30% to $0.25539. A mixed start to the day saw Ripples XRP rise to an early morning high $0.25650 before falling to a low $0.25508.

Ripples XRP left the major support and resistance levels untested early on.

For the day ahead, a move back through to $0.2560 levels would support a run at the first major resistance level at $0.2577.

Ripples XRP would need the support of the broader market, however, to break out from Fridays high $0.25669.

Barring a broad-based crypto rebound, Ripples XRP would likely fall short of $0.26 levels for a 3rd consecutive day. The second major resistance level at $0.2592 would limit any major moves on the day.

Failure to move back through to $0.2560 levels could see Ripples XRP slide deeper into the red. A fall through the morning low $0.25508 would bring the first major support level at $0.2520 into play.

Barring a crypto meltdown, we would expect Ripples XRP to steer clear of sub-$0.25 levels. The second major support level at $0.2511 would limit any downside on the day.

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

Continued here:

Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 14/09/19 - Yahoo Finance

Litecoin like other major altcoins has been performing relatively well since the beginning of the week. The bullish action continued on Wednesday with Litecoin rising to an intraday high of $76.2644. Buyers are working hard to hold onto the 2.55% gains on the day. However, the price has adjusted to the current market at $76.

Following the reward halving event, Litecoin plunged from levels around $100 and refreshed the support at $62. The struggle to reverse the trend finally got a breakthrough on LTC correction above the simple moving averages in the one-hour timeframe. A confluence formed by the 23.6% Fib retracement level taken between the last swing high of $77.93 to a swing low of $67.43, the 50 SMA and the 100 SMA saved LTC from a potential plunge on Monday.

Also read:Japans leading messaging platform Line launches Bitmax cryptocurrency exchange

Litecoin later stepped above the 61.8% Fib level and even extended the action towards $80. However, the resistance at $78 is yet to be tested. The relative strength index (RSI) is gradually slopping upwards after finding balance at 55. This coupled with the bullish session displayed by Elliot Wave Oscillator suggests that the buyers will remain in control in the coming sessions. Besides, buyers have eyes on $100 in the near-term.

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Litecoin price analysis: LTC/USD bullish frenzy is unstoppable - FXStreet

Bitcoin and Litecoin are among the big forces of the crypto market. Both the coins hold high expectations and the traders look up to their investments for huge profits. Well, BTC is not holding uptight lately and hence, there is a slight shift in the price of the coin.

However, Litecoin has reflected a great momentum. It has kept it tight and steady, which indicates that the investment in the coin would go a long way.

The chart is data feed from Bitfinex as on September 18, 2019, at 10:33:07 UTC.

Bitcoin opened the day trading around $10,300. Later, BTC price dropped from $10,250 to $10,169 by 0.82%. However, there was an immediate upsurge in the price of Bitcoin. This time the price went up to $10,263 from $10,169 by 0.92%. Another upsurge in the coin took the price from $10,204 to $10,305 by 1.01%. Bitcoin closed the trading day at $10,211 with an intraday fall of 0.81%. Today, the coin started with a jump in the price as it switched from $10,211 to $10,277 by 0.64%. Recently, the BTC price fell by 0.77% when it dropped from $10,254 to $10,174.

Litecoin began with a moderate movement. In the later hours, the price jumped from $72 to $78 by 8.01%. The currency closed at $74 with an intraday escalation of 1.92%. Today, Litecoin moved up within the opening hours. The escalation took LTC to $77 from $74 by 3.82%.

Bitcoin and Litecoin have reflected a marvelous price movement in the first two quarters. The third quarter brought a lot of volatility in Litecoin due to which LTC couldnt keep the uptrend locked. However, Bitcoin managed itself in the fall and hovered between $9,000 and $10,000.

If we compare Bitcoin and Litecoin statistics, market cap of BTC is at $183,329,858,494 and LTC is at $4,799,384,318. The circulating supply of BTC is 17,942,987BTC and LTC is 63,281,304LTC. The 24hr volume of BTC is $16,268,478,246 and LTC is $3,347,669,808.

The investment in Bitcoin and Litecoin would surely bring profit to the traders. Both the currencies would go best with the long-term investment. It would give the investors a colossal profit in the future.

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Bitcoin vs. Litecoin: BTC Price Trend Seems Disturbed; LTC Reflects Growth in the Price - CryptoNewsZ

The crypto market cap is showing positive signs, while bitcoin is correcting. Ethereum (ETH), LTC, ripple, bitcoin cash, EOS, TRX, and stellar are likely to head higher.

Bitcoin cash price settled above the key $300 support area recently against the US Dollar. The BCH/USD pair even surpassed the $305 resistance and it is currently consolidating gains. An immediate resistance is near the $315 level, above which the price could even break the $325 resistance.

On the downside, the key supports are near $302 and $300. If there is a bearish break below $300, the price could start a fresh decline to $285 in the near term.

Litecoin price is holding the $70.00 support area and it is currently showing positive signs. LTC price may soon attempt to break the $73.00 and $75.00 resistance levels. The next important resistance is near the $82.00-83.00 zone. On the downside, the main support is near the $70.00 level.

EOS price climbed above the $3.850 and $4.000 resistance levels to move into a positive zone. The price is currently consolidating gains and it could continue higher if it breaks the $4.150 resistance. On the downside, a break below $4.000 might call for a correction towards $3.850.

Stellar price is slowly rebounding from the $0.0570 support area. However, XLM price is facing a strong resistance near the $0.0600 level. If there is a successful break above $0.0600, the price could start a strong recovery towards the $0.0625 and $0.0650 resistance levels.

Looking at the total cryptocurrency market cap 4-hours chart, there was a downside correction recently from the $260.0B resistance level. However, the decline found support near the $255.0B level and a connecting bullish trend line. It seems like there is a strong support forming near the $255.0B and $250.0B levels. On the upside, a break above the $260.0B resistance level could start another rise towards the $280.0B resistance area. Conversely, a break below the $250.0B support area might ignite bearish moves in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the coming sessions.

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Crypto Market And Bitcoin Holding Support: BCH, Litecoin, EOS, XLM Analysis - newsBTC

Bitcoin Cash ABC Holds onto $300

Bitcoin Cash ABC fell by 0.88% on Sunday. Partially reversing a 2.15% rise from Saturday, Bitcoin Cash ABC ended the week down 0.88% at $302.3.

A bullish start to the day saw Bitcoin Cash ABC rise to an early morning intraday high $307 before easing back.

Falling short of the first major resistance level at $308.79, Bitcoin Cash ABC eased back to a mid-day low $302.49.

Steering clear of the major support levels, Bitcoin Cash ABC recovered to $306 levels before sliding back to a late intraday low $302.0.

In spite of the pullback, Bitcoin Cash ABC steered clear of sub-$300 levels and the first major support level at $297.03.

At the time of writing, Bitcoin Cash ABC was up by 0.93% to $305.12. A bullish start to the day saw Bitcoin Cash ABC rise from an early morning low $303.33 to a high $305.12.

Bitcoin Cash ABC left the major support and resistance levels untested early on.

For the day ahead, Bitcoin Cash ABC would need to steer clear of sub-$304 levels to support another run at the first major resistance level at $305.53.

Bitcoin Cash ABC would need the support of the broader market, however, to take a run at Sundays high $307.

Barring an extended rally, Bitcoin Cash ABC would likely come up short of the second major resistance level at $308.77.

Failure to steer clear of sub-$304 levels could see Bitcoin Cash ABC test the first major support level at $300.53 before any recovery.

Barring a crypto meltdown, Bitcoin Cash ABC should steer clear of the second major support level at $298.77.

Litecoin fell by 0.71% on Sunday. Partially reversing a 2.2% decline from Saturday, Litecoin ended the week down 0.44% at $70.14.

A bullish start to the day saw Litecoin strike an early morning intraday high $71.47 before pulling back.

Falling short of the first major resistance level at $71.95, Litecoin fell to an early afternoon intraday low $69.71.

Steering clear of the first major support level at $68.80, Litecoin recovered to $70 levels late on to limit the downside on the day.

At the time of writing, Litecoin was up by 2.65% to $72.0. A particularly bullish start to the day saw Litecoin rally from an early morning low $70.08 to a high $72.06.

Litecoin broke through the first major resistance level at $71.17 to come within range of the second major resistance level at $72.20.

For the day ahead, holding above the first major resistance level would bring the second major resistance level back into play.

Litecoin would need the support of the broader market, however, to break out from the second major resistance level at $72.2.

In the event of an extended crypto rally, the third major resistance level at $73.96 would likely come into play.

Failure to hold above the first major resistance level could see Litecoin give up the morning gains. A fall through to $70.40 levels would bring the first major support level at $69.41 into play.

Barring a crypto meltdown, Litecoin should steer clear of sub-$69 support levels on the day.

Story continues

Ripples XRP fell by 0.56% on Sunday. Partially reversing a 2.34% gain from Saturday, Ripples XRP ended the week down 0.63% at $0.26114.

A mixed start to the day saw Ripples XRP fall to an early morning low $0.26181 before striking a late morning intraday high $0.2650.

Falling short of the first major resistance level at $0.2675, Ripples XRP slid to a late afternoon intraday low $0.25915.

In spite of the pullback, Ripples XRP steered clear of the first major support level at $0.2561. Finding support from the broader market, Ripples XRP moved back through to $0.26 levels late on.

At the time of writing, Ripples XRP was up by 1.01% to $0.26378. Tracking the broader market, Ripples XRP rose from an early morning low $0.26099 to a high $0.2640.

Steering clear of the major support levels, Ripples XRP came within range of the first major resistance level at $0.2644.

For the day ahead, a breakthrough the first major resistance level would give Ripples XRP a run at the second major resistance level at $0.2676.

Ripples XRP would need the support of the broader market, however, to break out from Sundays high $0.2650.

Barring an extended rally, the first major resistance level, and Sundays high would likely cap any upside.

Failure to break through the first major resistance level could see Ripples XRP come under pressure.A fall through the morning low $0.26099 would bring the first major support level at $0.2585 into play.

Barring a crypto meltdown, Ripples XRP should steer clear of the second major support level at $0.2559.

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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Bitcoin Cash ABC, Litecoin and Ripple Daily Analysis 16/09/19 - Yahoo Finance

LONDON--(BUSINESS WIRE)--Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, today announced a partnership with the Litecoin Foundation (https://litecoin-foundation.org/), which will see Celsius become the preferred interest-earning wallet of the Litecoin Foundation. In addition, the Litecoin Foundation board chose Celsius to manage a portion of their treasury, a first for the organization.

Celsius Networks mission of making financial services fair, rewarding, and transparent directly complements Litecoins pledge to develop and promote blockchain technologies that empower users with 100% access and control over their crypto holdings. LTC holders who choose the Celsius wallet will now enjoy interest income of up to 10.53% APR on crypto assets. LTC users can also use their coins as collateral to get dollar loans at rates as low as 4.95% without fees or penalties, no minimums or caps, and no lockups.

With a market cap valued at over $4 billion, and adoption rates amongst businesses and individuals growing rapidly across the globe, Litecoin is one of the most popular cryptocurrencies in existence. Similar to Celsius Network, Litecoin offers its holders key benefits over competitors. LTC holders enjoy near-zero cost transaction fees, and increased speed when sending transactions; two and a half minutes, compared to nearly ten minutes on the Bitcoin network. LTC is already traded, loaned, and held by Celsius Network users.

We are excited to select Celsius Network to provide Litecoin holders a new set of use cases for their holdings, said Charlie Lee, Creator of Litecoin and Managing Director of the Litecoin Foundation. The ability to gain interest on, and take out loans against their litecoins, provides new opportunities for individuals to grow their holdings and take advantage of financial services that have previously been unavailable to cryptocurrency users.

This has been a year of enormous growth for us, said Alex Mashinsky, CEO of Celsius Network, We have completed over $2.2 billion worth of coin loans, passed $350 million AUM in customer deposits, and distributed over $3.5 million in interest payments. This partnership with the Litecoin Foundation gives us access to an unprecedented amount of LTC holders, representing yet another monumental step for Celsius in our mission to bring financial services to the millions of unbanked around the world.

In addition to this partnership, Celsius Network is going to be the Title Sponsor of the 2019 Litecoin Summit, October 28th & 29th in Las Vegas, and will be delivering a keynote.

About Celsius Network

Celsius Network addresses the financial needs of todays consumers worldwide through a democratized interest income and lending platform accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the depositor community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Find out more at http://www.celsius.network.

About Litecoin FoundationThe Litecoin Foundation is a non-profit organization whose mission is to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies. Registered in Singapore, the Foundation is comprised of full time and volunteer support from around the globe. For more information, visit https://litecoin-foundation.org.

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Litecoin Foundation Selects Celsius Network as Its Preferred Interest-bearing Wallet - Business Wire