PayPals custodian of crypto funds, itBit, traded over $2.1 billion worth of Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and PAX in May, according to data provided by analytics tool Nomics.

Owned by Paxos, itBit is a crypto exchange that provides liquidity for PayPal, a US company operating an online payments system that entered into the crypto market in October 2020.

Paxos easy-to-integrate APIs and regulatory framework enabled PayPal, which currently supports four cryptocurrencies, namely Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), to enter the crypto market at a massive scale that only a mainstream financial platform can reach.

The itBit exchange has seen significant growth in trading volume recently, suggesting that the PayPal cryptocurrency platform has a high utility among its users.

It even hit a record $303 million daily trading volume on May 19, right after the broader started to dump. The crypto exchange hit a previous daily trading volume record of almost $240 million in January this year but the companys maximums were unable to reach $60 million prior to PayPal stepping into the crypto market.

PayPal provoked different reactions last year when it announced that its customers could buy, sell and hold Bitcoin on its platform. At the time, the company didnt provide support for their user base, which only grew in numbers during the pandemic, to transfer funds to an external wallet, withholding true control of their assets and benefits from immutable transactions.

Recently, head of blockchain and cryptocurrency at PayPal, Jose Fernandez da Ponte, announced at the Consensus conference that PayPal and its mobile payments subsidiary Venmo are adding support for transfers of Bitcoin from the platforms to third-party wallets.

We want to make it as open as possible, he said, adding, We understand there is more utility to those tokens if you can move them around, so we are definitely exploring how we can let people transfer crypto to and from their PayPal addresses.

With more than 3.5 million PayPal users around the world, the ability to transfer cryptocurrency from their platforms to a third-party wallet has the potential of exposing crypto to an unprecedented amount of people.

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PayPal processed nearly $2 billion worth of Bitcoin, Ethereum, and Litecoin trades in May - CryptoSlate

The Hourly View for LTC

Last Updated June 11, 2021, 20:16 GMT

At the moment, Litecoins price is up $0.61 (0.37%) from the hour prior. Litecoin has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

168.03 (USD) was the opening price of the day for Litecoin, resulting in yesterday being one in which price moved down 2.56% ($4.41) from yesterday. This move happened on lower volume, as yesterdays volume was down 30.75% from the day before and down 19.12% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since yesterday in terms of percentage price change. Lets take a look at the daily price chart of Litecoin.

Notably, Litecoin is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for Litecoin has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 10 days Litecoins price has gone down 6 them.

Behold! Here are the top tweets related to Litecoin:

Just saw a guy with a Litecoin shirt walking down the street.Honestly the first time Ive ever seen a crypto shirt in public where I live, so kind of cool. Especially because Im a bag holder lmfao.

Wait and see what a SIMPLE MAN will be able to pull off in the future for #Bitcoin #litecoin $AMP. I just know deep in my heart that i will be a part of something that will change lives around the world.

We are trying to decentralize the world but i still believe in ppl with a good track record. My intuition turns into conviction when i REALLY get to know the ppl behind it. Im with @SatoshiLite and @trspalding. #litecoin $AMP

Originally posted here:

Litecoin (LTC) Price Near $165.69; Price Base in Formation Over Past 90 Days, in a Downtrend Over Past 30 Days, 2 Day Down Streak Ended - CFDTrading

Cryptocurrencies were climbing higher last week, following the crash in May, but they couldnt resume the bullish trend. Buyers seem hesitant to take the situation in control, as global politics keep messing with the crypto market.

Litecoin Litecpoin fell to $145, but it reversed on Tuesday above the previous lows from May, which was a bullish sign, since it is not making any new lows. Instead, it has been making higher lows since Tuesday, as LTC/USD moves above the moving averages.

Litecoin Live Chart

LTC/USD

Although, the 200 SMA (purple) is standing strong on the H1 chart, providing resistance. Litecoin is forming a bearish reversing signal up there, but the selling pressure is weak, so it seems like the 200 SMA will break soon.

Different countries are adopting cryptocurrencies, with Nigeria announcing it will introduce it own crypto. This is a positive event for cryptos, so I assume the larger bullish trend will resume soon, but Litecoin has to break above the 200 SMA first.

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The 200 SMA Keeping Litecoin Subdued Today, But the Break Should Come - Forex News by FX Leaders - FX Leaders

XLM price has stubbornly resisted the notable bounce in Bitcoin, favoring to wedge quietly higher along the lower trend line of a symmetrical triangle. Litecoin price is locked in a symmetrical triangle continuation pattern below formidable resistance with no hint of accumulation. Chiliz price has failed to capitalize on the euphoria surrounding the beginning of the European Cup, preferring to trend sideways.

XLM price is propped up by the symmetrical triangles lower trend line and 61.8% Fibonacci retracement of the March 2020-May 2021 rally. However, the rebound has been limited, and daily volume shows passive interest in participating, despite the considerable rebound in Bitcoin. Without a daily close above the anchored volume-weighted average price (anchored VWAP) from November 23, 2020, at $0.368 and the 200-day SMA at $0.380, Stellar is primed to test the May lows.

To review, a symmetrical triangle can be referred to as a coil and usually forms during a trend as a continuation pattern. There are examples when symmetrical triangles mark significant trend reversals, but more often, they mark the continuation of the current trend.

In the case of XLM price, there is an established downtrend preceding the symmetrical triangle. The Stellar symmetrical triangle has four touches on the trend lines, two on the upper and two on the lower. The volume has contracted throughout the formation, representing the quiet before the storm.

A potential negative for the Stellar triangle is the resolution will be beyond 80% of the distance from the triangle beginning to the apex, possibly indicating that the resulting move to the downside may be smaller than the projected measured move of 50%.

At the time of writing, XLM price is approximately 17% away from testing the May 23 low of $0.274. Based on the lack of accumulation in the triangle, the closeness of Stellar to the apex, zero impulsiveness from the lower trend line and the fierce resistance framed by the anchored VWAP and 200-day SMA, the probabilities are high XLM price will test the May 23 low moving forward.

It will take an XLM price close below the triangles lower trend line and the 61.8% Fibonacci retracement at $0.320 to confirm the negative outlook.

XLM/USD daily chart

XLM price will need a daily close above the anchored VWAP and 200-day SMA at $0.380 to void the decidedly bearish outlook

A cursory review of Litecoin price since the beginning of 2017 reveals a boom-bust digital asset, marked by a 10,000% rally in 2017, a 90% plunge into December 2018 and then a 550% rally followed by an 80% collapse, and finally, the recent 1,500% advance. The 70% LTC correction in May should not have been a surprise, but it may not represent the end of the bust leg.

Litecoin price isreclining below the explicit resistance outlined by the upper trend line of a symmetrical triangle, the anchored VWAP from November 16, 2020, at $182.98 and the 200-day SMA at $186.28. Adding to the bearish outlook is the lack of LTC impulsiveness as it has rebounded from the triangles lower trend line, revealing no commitment or emotion for the altcoin.

A daily close below the lower trend line at $158.35 would be the initial confirmation that the next LTC leg down is commencing. A further daily close below the June 8 low would be the final confirmation.

If Litecoin price does reach the May 23 low at $117.58, it would equate to a 32% decline from the price at the time of writing and likely establish the firm low needed to begin a new boom leg of the boom-bust cycle.

LTC/USD daily chart

Conversely, a daily close above the anchored VWAP and 200-day SMA at $186.28 would trigger a rethink of the LTC bearish narrative.

Chiliz price rocketed 70% from the June 9 low to the May 11 high in the run-up to the kick-off of the European Cup. The expansive rally did capture the attention of the cryptocurrency market and the remaining CHZ faithful. Still, the altcoin has since stumbled sideways for the last four days, unable to seize on the attention.

For weeks, Chiliz price has been trading in an ascending triangle that began from the May 23 low, with $0.364 serving as the upside resistance. The May 11 spike higher was matched by a quadfecta of opposition that included the anchored VWAP from February 11 at $0.337, the April declining trend line at $0.351, the upper trend line of the CHZ ascending triangle and the declining 50-day SMA at $0.376.

Chiliz price fumbled the opportunity afforded by the European Cup and has shifted into a range sandwiched by the April declining trend line and the union of the 200-day SMA at $0.231 with the ascending triangles lower trend line.

Considering the failed break-out attempt by Chiliz price, a daily close below the 200-day SMA at $0.230 and the triangles lower trend line at $0.223 should direct market operators attention to the downside. A close below the June 8 low of $0.204 will confirm and promptly lead to a sweep of the May 19 and 23 lows around $0.163, transmitting a 40% decline from the Chiliz price.

CHZ/USD daily chart

Until Chiliz price can capture $0.364, it is difficult to envision any other narrative, then bearish.

The bounce in Bitcoin has modestly improved the sentiment in the cryptocurrency market. Still, in many altcoins, the technical outlook remains blurred as imposing resistance levels frustrate breakout attempts from distinguishable chart patterns or formations. In the case of XLM, LTC and CHZ, the above-mentioned technical observations are stacked in favor of bearish narratives improved byprecise trigger levels and clear invalidation points.

It is in the best interest of investors to use the defined resistance levelsfor short trades or wait for confirmation of a breakdown. Either way, it is advisable to be nimble and disciplined.

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These three cryptocurrencies look primed to test the May lows - FXStreet

Ethereum

Ethereum rallied by 8.30% on Wednesday. Following on from a 0.46% gain on Tuesday, Ethereum ended the day at $637.98.

A bearish start to the day saw Ethereum fall to a mid-morning intraday low $581.21 before making a move.

Steering clear of the first major support level at $579.81, Ethereum surged to a late intraday high and a new swing hi $639.58.

Ethereum broke through the days major resistance levels and the previous current years high of $636.53.

In spite of a partial pullback, Ethereum held well above the third major resistance level at $624.20.

At the time of writing, Ethereum was up by 1.03% to $644.56. A mixed start saw Ethereum slip to an early morning low $637.50 before striking a morning high and a new swing hi $645.59.

Ethereum left the major support and resistance levels untested early on.

Ethereum would need to avoid a fall through the pivot level at $619.59 to support a run at the first major resistance level at $657.97.

Support from the broader market would be needed, however, for Ethereum to break through to $650 levels.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended crypto rally, Ethereum could test resistance at $680 before any pullback. The second major resistance level sits at $677.96.

Failure to avoid a fall through the $619.59 pivot would bring the first major support level at $599.60 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$590 levels. The second major support level sits at $561.22.

First Major Support Level: $599.6

Pivot Level: $619.59

First Major Resistance Level: $657.97

23.6% FIB Retracement Level: $508

38.2% FIB Retracement Level: $426

62% FIB Retracement Level: $294

Litecoin surged by 14.25% on Wednesday. Reversing a 1.24% fall from Tuesday, Litecoin ended the day at $93.02.

It was also a bearish start to the day. Litecoin fell to an early morning intraday low $78.43 before making a move. The reversal saw Litecoin fall through the first major support level at $79.49.

Story continues

Finding late morning support, however, Litecoin surged to a late intraday high $93.30.

Litecoin broke through the major resistance levels and held onto $93 levels at the day end.

At the time of writing, Litecoin was up by 0.43% to $93.42. A mixed start to the day saw Litecoin fall to an early morning low $92.89 before rising to a high $94.39.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to avoid a fall through the $88.25 pivot to support a run at the first major resistance level at $98.07.

Support from the broader market would be needed, however, for Litecoin to break out from $95 levels.

Barring an extended crypto rally, the first major resistance level and the 62% FIB of $100 would likely cap any upside.

In the event of another extended breakout, Litecoin could resistance at $105 before any pullback. The second major resistance level sits at $103.12.

Failure to avoid a fall through the $88.25 pivot level would bring the first major support level at $83.20 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$80 support levels. The second major support level sits at $73.38.

First Major Support Level: $83.20

Pivot Level: $88.25

First Major Resistance Level: $98.07

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripples XRP jumped by 21.67% on Wednesday. Reversing a 5.85% slide from Tuesday, Ripples XRP ended the day at $0.5701.

Tracking the broader market, Ripples XRP fell to an early morning intraday low $0.43727 before making a move.

Ripples XRP fell through the first major support level at $0.4542 and the second major support level at $0.4396.

Steering clear of sub-$0.40 levels, Ripples XRP rallied to a late intraday high $0.57500.

Ripples XRP broke through the days major resistance levels and the 38.2% FIB of $0.5285 to end the day at $0.57 levels.

At the time of writing, Ripples XRP was up by 0.71% to $0.57416. A mixed start to the day saw Ripples XRP fall to an early morning low $0.56762 before rising to a high $0.58299.

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

Ripples XRP will need to avoid a fall through the 38.2% FIB of $0.5285 and the $0.5275 pivot level to bring the first major resistance level at $0.6176 into play.

Support from the broader market would be needed, however, for Ripples XRP to break back through to $0.60 levels.

Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $0.6274 would likely cap any upside.

In the event of an extended rally, Ripples XRP could test resistance at $0.65. The second major resistance sits at $0.6652.

Failure to avoid a fall through the 38.2% FIB and the $0.5275 pivot would bring the first major support level at $0.4799 into play.

Barring an extended crypto sell-off, Ripples XRP should continue to avoid sub-$0.40 levels. The second major support level sits at $0.3897.

First Major Support Level: $0.4799

Pivot Level: $0.5275

First Major Resistance Level: $0.6176

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

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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Ethereum, Litecoin, and Ripples XRP Daily Tech Analysis December 17th, 2020 - Yahoo Finance

Litecoin has since December 11 sustained an uptrend above an ascending trendline as observed on the 4-hour chart. The recent spike above $90 occurred in tandem with Bitcoins spike to new all-time highs above $22,000. However, it seems LTC may not hit $100 soon due to the possibility of a correction to $85.

Litecoin is trading above the horizontal resistance of an ascending triangle pattern. Such a breakout is expected to pull LTC roughly 23% higher from the x-axis. However, Litecoin appears to have hit a wall at $95, discouraging the bulls from pushing for more gains. The psychological barrier at $100 is yet to be tested.

LTC/USD 4-hour chart

Meanwhile, Litecoin is trading at $91.8 while seeking immediate support at $90. The Relative Strength Index spears to validate the correction as it exists in the overbought area. If the price drops below the triangles x-axis, the bearish formation is likely to extend to the hypotenuse support around $85.

The IOMAP model by IntoTheBlock reveals the presence of a supply barrier that may prevent Litecoin from achieving its potential yearly highs. The seller congestion lies between $93.4 and $96.2. Here, roughly 13,500 addresses previously bought nearly 1.9 million LTC. Note that trading above this zone may catapult LTC to highs past $100, but the least resistance path is downwards until it is broken.

Litecoin IOMAP chart

On the flip side, the next robust support holds the ground between $81.7 and $84.7. Previously, 92,800 addresses had bought approximately 3.8 million LTC. It means that if LTC slides under $90, declines that come into the picture might extend to $85.

Read more here:

Litecoin Price Forecast: LTC on the cusp of an impending correction eyeing $85 - FXStreet

Litecoin price is up over 10% and it tested the $95.00 zone against the US Dollar, while bitcoin is above $21K. LTC price could correct lower if it struggles near $92.50 and $94.50.

This week, there was a sharp increase in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC price formed a strong support base near the $78.30 level before starting the recent increase.

There was a break above the $82.00 resistance level and the price settled nicely above the 55 simple moving average (4-hours). During the rise, there was a break above a key bearish trend line with resistance near $82.10 on the 4-hours chart of the LTC/USD pair.

There was also a break below the $88.00 level and the price spiked above the main $92.50 resistance zone. A high is formed near the $94.53 level and the price is currently consolidating gains.

An initial support on the downside is near the $90.70 level. It is close to the 23.6% Fib retracement level of the recent rally from the $78.30 low to $94.53 high. If there are more downsides, the price could correct lower towards the $86.50 and $85.50 levels.

The 50% Fib retracement level of the recent rally from the $78.30 low to $94.53 high is also near the $86.40 level. Conversely, the price could continue to move up above the $92.50 resistance.

The next major resistance is near the $94.50 and $95.00 levels. A successful close above the $95.00 level may perhaps spark a move towards the $100.00 level.

Litecoin (LTC) Price

Looking at the chart, litecoin price is clearly showing bullish signs below $90.00 and the 55 simple moving average (4-hours). Overall, the price is now facing a strong resistance near the $92.00 and $94.00 levels, but it remains well supported for more gains.

4 hours MACD The MACD for LTC/USD is currently losing momentum in the bullish zone.

4 hours RSI (Relative Strength Index) The RSI for LTC/USD is correcting lower from the 70 level.

Key Support Levels $90.00 and $86.50.

Key Resistance Levels $92.50 and $95.00.

Continued here:

Litecoin (LTC) Price Analysis: Rally Reaches Crucial Juncture At $92 - Live Bitcoin News

Litecoin is up by 17% since the last local bottom at $69 established on December 11. The digital asset has established a short-term uptrend and only needs to crack one last resistance level at $84 to aim for $100.

On the 4-hour chart, Litecoin has formed an uptrend after establishing several higher lows and higher highs. Additionally, bulls have conquered the 50-SMA and 100-SMA levels as support,

LTC/USD 4-hour chart

The next hurdle in the way of bulls is the resistance level at $84 which has been tested several times in the past. A breakout above this point would quickly push Litecoin price towards $93 with the potential to aim for $100.

LTC IOMAP chart

The In/Out of the Money Around Price (IOMAP) chart shows almost no resistance on the way up with the most significant level at $84 which gives credence to the bullish outlook above. On the other hand, the IOMAP does indicate Litecoin has a lot of support on the way down from $80.

However, the inability from the bulls to hold the 50-SMA support level could quickly drive Litecoin price to at least the 100-SMA at $78 and as low as $70 in the long-term if selling pressure continues mounting after the initial breakdown.

Read more:

Litecoin price needs to climb above this vital resistance level to reach $93 - FXStreet

Litecoin is currently on bearish momentum. At 21:03 EST on Tue 15 Dec, Litecoin is at $79.59 and down by 3.71% in the last 6 hours.

Over the last six hours, Litecoins higher value was $82.54 and the lower value was $79.59.

Over the last twelve hours, Litecoins higher value was $82.54 and the lower value was $79.59.

In relation to Litecoins daily highs, its 5.306% down from its trailing 24-hour high of $84.05

In relation to the Litecoins yearly highs and lows, its 211.263% up from its 52-week low and 14.95% down from its 52-week high.

What is Bitcoin worth? little consensus in fragmented market. According to The Wall Street Journal on Sun Dec 13, "Bitcoin enthusiasts agree the digital currency hit a record recently. ", "Bitcoin and hundreds of other cryptocurrencies trade on independent exchanges around the world. "

JPMorgan says massmutuals Bitcoin foray signals widening demand. According to Bloomberg Quint on Mon Dec 14, "If pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of assets to Bitcoin, that would result in additional Bitcoin demand of $600 billion, the strategists said. ", "At the same time, traditional investors like insurers and pension portfolios face regulatory hurdles relating to risk levels and liability mismatches, likely limiting how much they can put into Bitcoin, the JPMorgan strategists wrote."

Read more here:

Litecoin On Bearish Momentum: 3.71% Down In The Last 6 Hours - Via News Agency

The Hourly View for LTC

Last Updated December 15, 2020, 01:016 GMT

At the time of this writing, LTCs price is down $-0.24 (-0.29%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Litecoin closed the previous day up 7.21% ($5.53); this denotes the 2nd consecutive day an increase has occurred. The change in price came along side change in volume that was down 28.17% from previous day, but up 50.84% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Moving average crossovers are always interesting, so lets start there: Litecoin crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 14 days Litecoins price has gone up 8 them.

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Litecoin (LTC) Price Near $83.10; Moves Up For the 2nd Consecutive Day, Breaks Above 20 Day Average, in a Downtrend Over Past 14 Days - CFDTrading

The Hourly View for LTC

Last Updated December 16, 2020, 15:17 GMT

At the time of this writing, LTCs price is down $-0.3 (-0.34%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

The end of a 3 day positive run has come for Litecoin, which finished the day prior down 1.2% ($0.99). The price move occurred on volume that was up 27.45% from the day prior, but down 3.42% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Litecoin ended up ranking 5th for the day in terms of price change relative to the day prior. Lets take a look at the daily price chart of Litecoin.

Coming into today Litecoin is now close to its 20 day averages, located at 79.83 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Litecoins price has gone up 18 them.

Read more:

Litecoin (LTC) Closes Last Hour Down $-0.30; 3 Day Up Streak Broken, Price Base in Formation Over Past 30 Days, in an Uptrend Over Past 90 Days -...

The Hourly View for LTC

Last Updated December 11, 2020, 02:037 GMT

At the time of this writing, LTCs price is up $0.07 (0.1%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on LTC. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

The choppiness in the recent daily price action of Litecoin continues; to start today, it came in at a price of 74.7 US dollars, down 3.55% ($2.75) since the previous day. The change in price came along side change in volume that was up 4.98% from previous day, but down 14.64% from the Thursday of last week. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the previous day in terms of percentage price change. The daily price chart of Litecoin below illustrates.

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Also of note is that on a 14 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days Litecoins price has gone up 8 them.

Over on Twitter, here were the top tweets about Litecoin:

Hey @APompliano, I think itd be awesome if you could get @SatoshiLite on the show to discuss privacy features (confidential transactions) coming towards Litecoin and potentially Bitcoin in the future. Also, why its important.

@litecoin_bull Thank you. Will do what you recommend. No panic here, Christ is with us all the way till the end. I will continue to do my part which is fight as a prayer warrior. We will bring our spiritual enemy to its knees.

You @dbsbank should add #Litecoin! Its market cap is now the 4th. Adding other smaller cap coin but ignoring #Litecoin simply make no sense

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Litecoin (LTC) Closes Last Hour Up $0.07; Price Base in Formation Over Past 14 Days, in an Uptrend Over Past 90 Days - CFDTrading

It has been over 10 years since Bitcoin was created. Bitcoin became the most popular cryptocurrency and with this came imitations and spinoffs. As things stand, there are over 7000 different cryptocurrencies. With such a large number, how do investors choose the best one to invest in? Below, we will look at the best cryptocurrencies to buy in 2020, some very popular and some lesser-known.

Bitcoin has dominated the market since 2009 but its history has been eventful, and sometimes worrying. Bitcoin has seen its value rise to almost $20,000 before collapsing to around $3000. However, Bitcoin has bounced back as it always does. Bitcoin accounts for over 55% of the cryptocurrency market and is used everywhere due to how well-known it is as well as it being universally accepted. Bitcoin is also very secure and offers transactional anonymity, which makes it great for things like anonymous donations and playing at bonus bitcoin casinos online.

Bitcoin might be volatile, but being the biggest name in the cryptocurrency market makes it one of the best cryptocurrency assets to invest in, especially if you are new to cryptocurrency investing.

Litecoin was created to help deal with the complex and obscure nature of bitcoin. Its founder Carlie Lee has admitted that Litecoin is the lite version of bitcoin.

Litecoin provides some improvements over bitcoin, including faster transactions and lower system requirements to mine. Users love it because of how easy it is to mine while investors love it for faster transactions and being as well-known as Bitcoin.

Ethereum is another popular Bitcoin alternative with a massive following and a large ecosystem in the cryptocurrency world. Ethereum is seen as the alt-coin with unlimited potential, and this is why it is well-liked by investors.

Ethereum has been performing really well since it entered the market and although its value has remained low over the years with occasional spikes, it is getting stronger and, much like Bitcoin, the best time to invest is just before a huge spike happens.

Bitcoin is built using blockchain technology that stores transactional information in blocks. As Bitcoin became popular, these blocks filled up and transactions became slower. A proposed solution was to reduce the amount of data needed for each block, but some thought this would compromise cryptocurrencies that do this.

This second group created Bitcoin Cash. The main advantage of this cryptocurrency is that it uses bigger blocks, meaning transactions are faster, more frequent, and often attract lower fees. The main advantage Bitcoin Cash has over its rivals is its scalability. This provides massive growth potential, making it a lucrative investment for anyone looking to invest in cryptocurrency.

NEO is an open-source cryptocurrency from China. NEO is designed to make the digitisation of real assets easier so as to promote the adoption of cryptocurrency in the world.

NEOs value has been on the rise since March 2020 and has surpassed predictions set by market experts. It has already reported positive results in the first half of 2020, making it a worthy investment.

Investing in cryptocurrency is a lot different from traditional investing due to the sheer number of options available. However, if you look hard enough, you will find some cryptocurrencies worth investing in.

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The Best Cryptocurrencies to Invest in in 2020 - Financialbuzz.com

Quick take:

The Litecoin Foundation has announced a partnership with Hub that will deliver virtual and hybrid events to the crypto industry. According to the official announcement, the partnership is geared towards catering for the over 1,000,000 Litecoin members spread across the world and to increase interactions between them.

Such virtual and hybrid events are particularly important during the current COVID19 times where social distancing is highly advised. The Managing Director of the Litecoin Foundation, Charlie Lee, further emphasized this via the following statement.

Withthepandemicstillaffectingtheglobe,weweresearchingforaplatformthatcouldeffectivelydelivervirtualeventsforourglobalcommunity.WeareexcitedtopartnerwithHubtocontinuetoengagewithourcommunityinanewandevenmoreengagingway.

The Founder of Hub, Eric Ly, further explained that the Litecoin global community will get rewarded for meaningful and trustworthy interactions.

HubalsoenablestheglobalcommunityoftheLitecoinFoundationtointeractandrewardsmembersformeaningfulandtrustworthyinteractions.

To kick things off, both teams at the Litecoin Foundation and Hub have created the Litening Series of Events with the main focus on delivering news and bringing the community together. The most recent Litening Event discussed various Litecoin developments including, the LTC Visa Card, the progress of MimbleWimble and more.

The Hub is a crypto-based community platform that rewards users for their trustworthy engagement. It also helps these communities by providing portable and verified identity profiles based on interactions with other users.

Hub token is the native digital asset of Hub and is used to provide incentives for promoting trust between users. Users can earn Hub tokens for the activities in the network that also create reputation data. More on Hub and the Hub Token can be found on the projects white paper.

At the time of writing, Hub token is available for trading on Bitcoin.com and will soon be available on HitBTC.

Continued here:

Litecoin Fdn. Partners With Hub to Deliver Virtual & Hybrid Events - Ethereum World News

Bitcoin, ethereum, Ripple's XRP, litecoin and chainlinkfive of the biggest cryptocurrencies by valuehave bounced back from a sell-off this week.

The bitcoin price climbed to over $18,000 per bitcoin after crashing to around $16,000 on Thursday as ethereum, Ripple's XRP, litecoin and chainlink recorded even wilder swings.

The bitcoin price has surged through November, boosting smaller cryptocurrencies ethereum, Ripple's ... [+] XRP, litecoin, and chainlink.

The upswing has been led by XRP, which added over 10% over the last 24 hours, with bitcoin, ethereum, litecoin and chainlink climbing around 5%.

The combined bitcoin and cryptocurrency market value has swung by around $100 billion this week after bitcoin brushed its 2017 all-time high of almost $20,000.

The sell-off, which saw bitcoin lose 10% of its value in a matter of hours, was taken as by many bitcoin and cryptocurrency market watchers as temporary correction.

"Crypto prices can show sharp fluctuations, so the main thing to know is that this stage was needed to continue the rally," Alex Kuptsikevich, FxPro senior financial analyst, said via email.

"Technical indicators have been in the extreme overbought territory for too long. The rally started to choke up on the way to $20,000. This is a very serious psychological and technical level of resistance for the market, and there was no doubt that this obstacle would test investors' optimism."

The bitcoin price has rallied back over $18,000 per bitcoin after a sell-off earlier this week ... [+] caused it to fall to around $16,000.

Bitcoin has added almost 40% through November, pushed on by its growing reputation as digital gold, interest from big banks on Wall Street and a raft of high-profile investors naming it as a potential hedge against inflation.

The bitcoin rally, sparked by news payments giant PayPal PYPL planned to add bitcoin buying and spending services, caused smaller cryptocurrencies, including ethereum, Ripple's XRP, litecoin and chainlink, to soarwith XRP adding 150% this month alone.

Visit link:

Bitcoin, Ethereum, Ripples XRP, Litecoin And Chainlink Suddenly Bounce Back - Forbes

Litecoin is in the middle of a recovery mission after bouncing off the support of $64. The digital asset is trading at $79 while battling the resistance at $80. A break above $80 is likely to catapult LTC towards the coveted $100.

Holding above the 50-day Simple Moving Average has been a critical bullish indicator that the uptrend would continue. Besides, the Relative Strength Index hit support at the midline and recovered towards the overbought region.

As the resistance at $80 becomes an uphill battle, the RSI starts to level, hinting at consolidation. However, a spike above $80 would call for more buy orders, creating enough volume for gains above $90 and $100, respectively.

LTC/USD daily chart

The 4-hour chart confirms the selling pressure at $80, but if Litecoin closed the day above the 50 SMA, a breakout might ensue, targeting $90 and $100. On the downside, immense support is expected at the 100 SMA to help refocus LTC in case of a correction from the hurdle.

LT C/USD 4-hour chart

IntoTheBlocks IOMAP model reveals a relatively smooth path to $90. Meanwhile, buyers must focus on breaking the resistance between $81.5 and $84. Here, roughly 43,600 addresses had previously bought nearly 1.2 million LTC. With enough buying pressure, LTC could extend the uptrend to $100.

Litecoin IOMAP chart

On the downside, immense support behind the cryptocurrency shows that the uptrend could remain intact. The most robust buyer congestion zone runs from $69.7 to $72. Here, about 45,000 addresses had previously bought roughly 4.1 million LTC. It is doubtful that declines will overshoot this support range to retest last weeks anchor at $64.

LTC/USD weekly chart

It is worth mentioning that the TD Sequential indicator has presented a sell signal on the weekly chart. The call has manifested in a green nine candlestick. If the signal is validated, Litecoin might fall in one to four daily candlesticks. Moreover, an increase in LTC supply could see the price get back to the gains-trimming exercise where losses could overshoot the support at $64.

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Litecoin Price Prediction: LTC ready for a massive rebound, targeting $100 - FXStreet

Litecoin price is up over 10% and it broke the $80.00 resistance against the US Dollar. LTC is consolidating gains and dips are likely to be limited below $78.00 and $76.50.

In the past few days, there was a strong increase in bitcoin, Ethereum, ripple and litecoin against the US Dollar. LTC price outperformed recently with a major rally above the $75.00 resistance level.

The bulls gained strength, resulting in a break above the $80.00 resistance level. The price climbed over 10% and it even cleared the $82.00 resistance. There was also a break above a contracting triangle with resistance near $75.10 on the 4-hours chart of the LTC/USD pair.

Litecoin price traded to a new monthly high near $84.12 and settled above the 100 simple moving average (4-hours). It is now consolidating gains above the $80.00 level. An initial support is near the $80.40 level. It is close to the 23.6% Fib retracement level of the recent increase from the $Q68.35 swing low to $84.12 high.

If there is an extended decline, the price could test the $76.50 support level (the recent breakout zone). The 50% Fib retracement level of the recent increase from the $Q68.35 swing low to $84.12 high is also near $76.24.

On the upside, the $83.50 and $84.00 levels are immediate hurdles. The main resistance is near $85.00, above which the price might surge towards the $90.00 level.

It seems like dips might be limited in litecoin below the $80.00 level. The first support sits at $78.0, but the main buy zone is likely forming near the $76.50 level.

Any further losses may perhaps send the price towards the $72.00 support. The next major support is near a connecting bullish trend line at $68.30 on the same chart.

Technical indicators:

4-hours MACD The MACD is slowly losing momentum in the bullish zone.

4-hours RSI (Relative Strength Index) The RSI for LTC/USD is currently correcting lower from the 70 level.

Major Support Levels $78.00 followed by $76.50.

Major Resistance Levels $85.00 and $90.00.

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Charted: Litecoin Is Outperforming Major Altcoins, Why Dips Remain Attractive - NewsBTC

Ethereum and Litecoinprices peaked at new highs as public interest in cryptocurrenciescontinues to soar. These digital coinsjoined Bitcoin's surge towards $19,000 in the recent strong trends.

Ethereum hit $623 thisweek. It's up by a massive 384% since the beginning of the year. The uptrend isimpressive, but it's still far from the all-time high of $1500 in January 2018.Ethereum is the world's second-largest cryptocurrency next to Bitcoin. Litecoinalso doubled in value this month alone and peaked today at $90, a fresh 2020high with a 117% YTD gain.

According to analysts,the crypto surges are due mainly to the strengthening status of Bitcoin as aninflation hedge. Bitcoin, the known king of crypto, is up by 160% this year todate. It's trading at $19,285 as of writing and is a thread line away from theall-time high of $19,667 last 2017.

Bitcoin nears all-time high at $19,667, PrimeBit WebTrader

Ethereum holds anapproximate $68 billion in market cap, while Litecoin represents $5.8 billion.Bitcoin's market cap reached $354 billion this week!

According to MichaelSonnenshein, Managing Director at Grayscale Investments and a Bitcoinspecialist, the crypto asset is a major key to the evolution of money."Investors like the fact they can buy a fraction of the coin and add to theirposition over time," he added.

Popular cryptoderivative platforms likePrimeBitmakes it possible for traders to profit from the surging prices of the topcryptocurrencies - Bitcoin, Ethereum, and Litecoin -even without owning them.

Crypto contracts allowtraders and investors to profit both from rising and falling crypto prices, andwith leverage, you won't need a huge sum of money to start trading.

Ethereum surges with 384% YTD gain, PrimeBitWebTrader

Bernard Meyer, aCyberNews.com Senior Researcher, says the pandemic has played a part in theincreased interest in cryptocurrencies. As quarantines are still in place in manyparts of the world, people spend more time online and become aware ofcryptocurrencies.

Want to profit from thesurging prices of Bitcoin and altcoins? Trade crypto contracts at PrimeBit. Itoffers 1:200 leverage - the highest leverage level out there. With leveragedtrading, you can even invest as little as $10 and start trading cryptocontracts on your phone anytime. Try it now and get a limited-time $60bonus when you make a deposit. Don't miss it!

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Bitcoin over $19,000! Ethereum and Litecoin record fresh 2020 highs - ForexLive

Litecoin has been one of the best-performing assets of the past 24 hours. The long-standing cryptocurrency has gained 20% in the past 24 hours, outpacing Bitcoins 5% gains and Ethereums 3% run.

This rally comes shortly after LTC was added to PayPals new cryptocurrency service. Many saw this addition as validation of the cryptocurrency, which faced a strong correction after the 2017 bull market. LTC has still yet to recover to its all-time highs, though is up dramatically in the past few days and weeks alongside Bitcoin and other top coins.

LTC has gained 20% in the past day alone as buyers finally step in.

Many have taken notice of this rally. Avi Felman, the lead trader at BlockTower Capital, recently shared this chart below, writing:

Since BTC broke 16k, and the PayPal announcement, LTC has been outperforming BTC. Is this retail coming back into the markets or traders trying to front run retail?.

While Litecoin is surging right now, some dont think the coin has long-term value. Eric Conner, an Ethereum developer and analyst, recently stated on Litecoin and other cryptocurrencies:

Zombie chains and DeFi protocols still need a massive relative repricing. Combined MC of XRP, BCH, LTC, DOT, BNB, ADA: $33bn Combined MC of UNI, AAVE, SNX, YFI, MKR, COMP: $4bn Right

Bitcoin is bullish, which is boosting the prospects of altcoins such as Litecoin from here on out. Willy Woo, a prominent on-chain analyst recently commented on BTCs prospects, referencing on-chain trends.

Realised Price estimates the average price the market paid for their BTC. Now at its steepest slope for this cycle, meaning capital influx into#Bitcoinis at its highest rate since the last bull market. (Higher than last years $4k-$14k move; the current move is more organic.). For the sake of this comment Ill define organic.

Litecoin stands to benefit from further strength in the cryptocurrency market.

It is currently unclear if the coin will pass its previous all-time high in this cycle.

LTC also has fundamental tailwinds, including the integration of privacy technologies, that will allow LTC to separate itself from Bitcoin.

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Litecoin (LTC) Surges 20% Higher as Bitcoin Pushes to New Yearly Highs - NewsBTC

The Hourly View for LTC

Last Updated November 25, 2020, 02:036 GMT

Currently, LTCs price is down $-1.4 (-1.56%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Litecoin came into today up 0.18% ($0.16) from the open of the day prior, marking the 2nd consecutive day an upward move has occurred. The price move occurred on volume that was up 6.9% from the day prior, but down 25.53% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 6th since the day prior in terms of percentage price change. Here is a daily price chart of Litecoin.

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 17 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Behold! Here are the top tweets related to Litecoin:

In a fair market Bitcoin SV should be worth more than bch and litecoin. That would give you an approximate price of $ 309. If we add it to the current bullish situation I would give a price approx. $ 450-600 in the next two months.Do your math

A lot of people spend time contemplating the risks surrounding #Litecoin . They completely miss the biggest risk of all, which is to sit on the sidelines and passively watch the greatest money and technological revolution of the century unfold before their eyes.

#Litecoin has finally reached the price to where I could fill up my wifes gas tank, and still have enough $ left to buy pork rinds & a lemonade. Life is good. #LTC

For a longer news piece related to LTC thats been generating discussion, check out:

Exploring the idea of interoperability between Cardano and Litecoin | CryptoSlate

David Schwartz, the project director of the Litecoin Foundation, said that it was important to generate as much talk about this idea as possible, as having a bridge between Litecoin and Cardano wouldnt benefit just the two blockchains, but the entire crypto industry.He said that its been a month since the Litecoin Foundation began pushing the idea of cross-chain interoperability with Cardano to the Litecoin community.He said that Cardano and Litecoin can connect by implementing a velvet fork to Litecoin so that the blockchain can adopt NIPoPoWs. While the concept of NIPoPoWs is a well-known one in the crypto industry, velvet forks are yet to make their way into blockchain mainstream.However, its not the velvet fork itself that creates the bridge to another blockchain.When it comes to the concrete velvet fork that would connect Litecoin and Cardano, Zindros said that it would happen on the Litecoin side.Zindros said that technically speaking, a velvet fork would be extremely quick to implement to Litecoin.

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Litecoin (LTC) Price Near $88.12; Heads Up For the 2nd Consecutive Day, Pin Bar Pattern Appearing on Chart, in an Uptrend Over Past 30 Days -...