Tag: rallies

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…

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Ethereum price rallies toward key resistance but is ETH’s strength sustainable?

coiner

Ether (ETH) is trading higher on Dec. 1, despite its inability to breach the $2,100 resistance. This level has prompted several rejections in the past three weeks, which is especially concerning given Ether’s 16.2% gains in November. Ether 12-hour price index, USD. Source: TradingView However, the current positive momentum is supported by several factors, including applications for spot ETFs and the expansion of Ethereum’s ecosystem, driven by layer-2 solutions. ETH benefits from ETF expectations and negative news related to competing blockchains A pivotal development occurred on Nov. 30, with the…

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These 4 altcoins could be ready for an up-move if Bitcoin rallies above $27,500

coiner

Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering. Bitcoin’s (BTC) bear market in 2022 ended the hype that was seen in 2021. Fred Pye, CEO of 3iQ, Canada’s first Bitcoin fund issuer, said in an interview with Cointelegraph that as “the FOMO in Bitcoin is gone” institutional investors and portfolio managers have started to take a look at it as “a serious venue.” Crypto…

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