Litecoin Market in Chaos as Bitcoin Continues to Sink
As bearish continuations continue to plague the Bitcoin trading market, other cryptocurrencies are also facing the wrath of such pessimism. For over a week, each and every top altcoin (except the centralized ones like Stellar and Ripple) have come closer to their respective price bottoms. However, our focus here is on Litecoin, the second-most traded cryptocurrency in the world. Being the closest cryptocurrency to Bitcoin has its perks, and troubles. Litecoin is among the only altcoins in the market whose price movements display a strong identicalness to Bitcoin. This pattern somewhat....
Related News
Dogecoin is performing pretty well these days despite pressures from the ongoing bear market. A quick recap: After months of negotiations and threats of lawsuits, Elon Musk finally bought Twitter. On October 27 he uploaded a video with the description “Let that sink in!” and showed himself holding a sink as he entered the social […]
The party continues in Litecoin markets as the price rose another 2.66% or $0.13 to $4.978. With successive gains, Litecoin is fast approaching its previous top of $5.237. The technical indicators reflect no weakness as of now. Litecoin may have some more steam left in it, and hence, dips can be used to buy the cryptocurrency. Read on to find the latest technical factors below. Litecoin Chart Structure - In yesterday's rally, Litecoin jumped to $5.080 before easing slightly. Another factor weighing on Litecoin is the stalling of Bitcoin. I had earlier mentioned that the rise in Litecoin is....
The Litecoin market has gotten awfully quiet, and so has the Bitcoin market. Now at $2.820, Litecoin is relatively unchanged on a weekly basis, and its key to survival depends on how Bitcoin behaves in the coming sessions. Market participants should note that the technical indications coming out of the Bitcoin market are reflecting a strong bearish bias, which could be a worrisome sign for the Litecoin bulls as well. Here are the latest technical indications derived from the daily LTC-USD price chart. Litecoin Chart Structure - Litecoin is currently trading closer to its recent low of....
I was able to get a sample of the new OneString modular miner. The specs are very good especially when you take power consumption into account. Here are the official specs posted by Ben Turas on BitcoinTalk, whom I interviewed for this review. OneStringMiner board: The OneString Miner boards are designed by Intron and C-scape, two well-known Bitcoin mining board designers. The OSM is based on Bitfury chips, and each board contains 15 chips, hashing 25+ GH/s without heat sink and 30+ GH/s with heat sink. Each board runs from a single 12V supply, using ~25W. The models: The OSM DIY sets,....
Four thoughtful individuals recognized that this year’s chaos wasn’t a pit, but a ladder. And they helped others realize it too. The post These Bitcoin Leaders Saw Ladders In 2020’s Chaos appeared first on Bitcoin Magazine.