Tag: LTC

BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin

coiner

Crypto mining company BIT Mining said its move to mine proof-of-work coins Dogecoin and Litecoin has been more profitable than mining only Bitcoin. BIT Mining, which previously only mined Bitcoin (BTC), said on Dec. 4 that its expansion into Dogecoin (DOGE) and Litecoin (LTC) “has proved to be nearly three times more profitable than mining BTC alone.” The company said up until Nov. 27, it had mined 227,908,250.38 DOGE, worth $94.8 million and 84,485.42 LTC, worth $10.7 million. It didn’t say how much of the mined DOGE and LTC it…

Read More

Price analysis 2/19: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, XLM, LTC

coiner

On Feb. 9, Bitcoin (BTC) briefly rallied above $96,500, but the general daily price action has been more of the same sideways range trading as traders await a catalyst to start a trending move. The longer the price remains in a range, the stronger the eventual breakout or breakdown from it. CryptoQuant CEO Ki Young Ju said in a post on X that Bitcoin would remain in a bull phase even with a 30% drop to $77,000, based on historical cyclical patterns. In a separate “Quicktake” blog post, CryptoQuant contributing…

Read More

Litecoin (LTC) price rallies while Bitcoin and the wider crypto market crash

coiner

Litecoin (LTC) demonstrated a V-shaped recovery of 20% after dropping to $106 on Feb. 25. After a brief decline below the 50-day and 100-day exponential moving averages (EMAs), the altcoin has regained a bullish position and is currently outperforming a majority of assets within the crypto market. Litecoin 1-hour chart. Source: Cointelegraph/TradingView Litecoin has “one of the best charts in crypto” Litecoin’s current performance implies it is on an asymmetric rally versus the wider crypto market, and most LTC futures traders maintain a clear directional bias. Data highlights a clear…

Read More

BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LTC, LINK, AVAX

coiner

Bitcoin (BTC) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be a “noob” mistake as Bitcoin rose to a new all-time high after falling 53% in 2021. Select whales seem to be building a position during the dip. A Bitcoin whale, known as “Spoofy,” bought 4,000 Bitcoin worth roughly $344 million when the price was between $82,000 and $85,000. Crypto analyst Saint…

Read More

Why is Litecoin (LTC) price up today?

coiner

Litecoin (LTC) has outperformed the broader crypto market vastly in the last 24 hours, rising over 9% to reach $127.85 on Feb. 27. LTC/USD four-hour price chart. Source: TradingView In contrast, the crypto market’s combined valuation has dropped by 3% amid a sour risk-on mood led by underwhelming Nvidia earnings and US President Donald Trump’s latest tariff announcements. Key drivers behind Litecoin’s gains include: Announcement of Litecoin’s own domain, “.ltc“ LTC’s rising strength against Bitcoin (BTC). Strengthening chart technicals. Litecoin announces official domain extension “.ltc“ Litecoin’s price gains today appear…

Read More