Litecoin [LTC] Price Analysis: Bulls holds long-term advantage even as coin stagnates

The fourth leading crypto asset on CoinMarketCap, Litecoin [LTC], made a bull run following a brief foray below $55. Litecoin managed to be one of …

The fourth leading crypto asset on CoinMarketCap, Litecoin [LTC], made a bull run following a brief foray below $55. Litecoin managed to be one of the best performing digital assets in the top 10 coin list, at press time. On March 12, the price of LTC rallied to $56.32, gradually rising during the latter part of the day.

At press time, LTC held a market cap of $3.46 billion with a 24-hour trading volume of $1.50 billion. The coin’s price stood at $57.00, with a gain of 5.58%.

Coineal continued to account for a significant 8.5% of the coin’s 24-hour trading volume, via the trading pair LTC/BTC.

1-hour

Source: TradingView

LTC’s one-hour chart exhibited an uptrend from $46.00 to $52.36, and a minor downtrend from $47.81 to $46.58. The resistance for the crypto-coin was marked at $58.38. LTC was expected to breach the $60-mark as the support for the coin was found at $47.57.

Bollinger Bands: The mouth of the bands indicated stagnant price movement for the coin.

Awesome Oscillator: The closing bars of the indicator were red, indicating bearish price momentum for Litecoin [LTC].

Klinger Oscillator: The KO indicator underwent a bullish cross-over.

1-day

Source: TradingView

The one-day LTC chart noted an uptrend from $32.81 to $45.61 and a significant downtrend from $89.15 to $39.21. The immediate resistance for the silver crypto asset was marked at $67.69, while significant support was found at $31.57.

Parabolic SAR: The dotted markers were aligned below the candles, suggesting bullish price pattern for the coin.

Chaikin Money Flow: The CMF was above the zero-line, indicating that money was flowing into the coin market. Therefore, bullish price movement was predicted for LTC.

MACD: The MACD indicator also sided with the bulls as the MACD line was above the signal line.

Conclusion

The short-term indicators pictured a stagnant price for LTC, while the long-term indicators suggested a bullish course for the coin.


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Dash Among Top-3 Performing Cryptocurrencies After Initial Exchange Listing

Ethereum jump-started the smart contract space and popularized the tokenization of assets and crowdfunding. Dash brought advanced privacy to the …

Dash ranks in the top three best-performing cryptocurrencies following their initial listing on exchanges.

According to U.Today, exchange pricing data pulled from DataLight show the top largest gainers from their initial exchange listing price to be, in order, Bitcoin, Ethereum, and Dash. These three grew past their initial listing price by 1.3 million percent, 68,200%, and 39,500%, respectively. More than regular year-on-year growth over time, these statistics reflect the discrepancy between initial exchange valuations and current rates, singling out those who began trading as under-hyped, rather than over-hyped, projects. An additional factor specifically regarding Bitcoin may be the relative underdevelopment of the cryptocurrency exchange world in 2010 when the first trading pairs appeared.

On the lower-performing end of the spectrum lie many newer projects, which may reflect the shorter time window to achieve higher valuations, or, alternatively, a more realistic initial listing price due to a more mature crypto ecosystem and market. Coins like Bitcoin Cash, Bitcoin SV, and IOTA currently reflect valuation decreases, possibly reflecting an over-abundance of hype at the initial trading launch of the project.

Link found between frequent cryptocurrency trading and problem gambling

While many cryptocurrency traders have found an avenue towards realizing significant gains, as in the above examples, there is a dark side to the trading world as well. According to new research from Rutgers University-New Brunswick’s Center for Gambling Studies, a link was discovered between frequent cryptocurrency trading and gambling issues. Over half of regular gamblers were found to have traded in cryptocurrency over the past year, drawing distinct parallels between speculative crypto trading and other risky behaviors. As such, seeing cryptocurrency as a long-term, multi-year investment, rather than a quick flip, has the potential to avoid unhealthy, potentially destructive behavior patterns similar to problem gambling.

Use cases and innovation, rather than pure speculation, drive sustainable growth

The long-term valuation increases represented by the top performers reflected above draw parallels to innovation and practical use. Bitcoin pioneered the entire cryptocurrency space and solved many issues plaguing centralized money and payment networks today. Ethereum jump-started the smart contract space and popularized the tokenization of assets and crowdfunding. Dash brought advanced privacy to the forefront, pioneered instant transactions and governance, and is set to take protocol-level consumer-grade usability into uncharted territory with the release of the Evolution update.

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Peercoin Tops One Day Trading Volume of $201365.00 (PPC)

One Peercoin coin can currently be bought for approximately $0.50 or 0.00012866 BTC on major cryptocurrency exchanges including Bittrex, …

Peercoin logoPeercoin (CURRENCY:PPC) traded 3.7% lower against the US dollar during the 1-day period ending at 17:00 PM ET on March 11th. During the last week, Peercoin has traded up 3.4% against the US dollar. Peercoin has a market capitalization of $12.68 million and approximately $201,365.00 worth of Peercoin was traded on exchanges in the last 24 hours. One Peercoin coin can currently be bought for approximately $0.50 or 0.00012866 BTC on major cryptocurrency exchanges including Bittrex, LiteBit.eu, Poloniex and Cryptopia.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $3,903.85 or 1.00000000 BTC.
  • Bitcoin Cash (BCH) traded down 2.3% against the dollar and now trades at $129.99 or 0.03335262 BTC.
  • Steem (STEEM) traded 0% lower against the dollar and now trades at $0.52 or 0.00013349 BTC.
  • PRIZM (PZM) traded 6.6% higher against the dollar and now trades at $0.36 or 0.00009268 BTC.
  • BitcoinDark (BTCD) traded flat against the dollar and now trades at $16.23 or 0.00246929 BTC.
  • Unobtanium (UNO) traded 3.6% lower against the dollar and now trades at $97.54 or 0.02499061 BTC.
  • Emercoin (EMC) traded 1.4% higher against the dollar and now trades at $0.29 or 0.00007441 BTC.
  • Namecoin (NMC) traded 0.3% higher against the dollar and now trades at $0.76 or 0.00019590 BTC.
  • Steem Dollars (SBD) traded up 0.4% against the dollar and now trades at $0.99 or 0.00025407 BTC.
  • Counterparty (XCP) traded down 2.2% against the dollar and now trades at $1.67 or 0.00042935 BTC.

About Peercoin

Peercoin (CRYPTO:PPC) is a coin. Its genesis date was September 23rd, 2014. Peercoin’s total supply is 25,254,673 coins. Peercoin’s official website is www.peercoin.net. The Reddit community for Peercoin is /r/peercoin and the currency’s Github account can be viewed here. Peercoin’s official Twitter account is @peercoinppc and its Facebook page is accessible here. Peercoin’s official message board is talk.peercoin.net.

Buying and Selling Peercoin

Peercoin can be traded on these cryptocurrency exchanges: LiteBit.eu, Livecoin, SouthXchange, Bitsane, YoBit, Trade By Trade, Bittrex, WEX, Cryptopia, HitBTC, Poloniex, BX Thailand, CoinEgg, Bittylicious and Tux Exchange. It is usually not possible to buy alternative cryptocurrencies such as Peercoin directly using U.S. dollars. Investors seeking to trade Peercoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Peercoin using one of the exchanges listed above.

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Litecoin Price (LTC) to Continue Outperforming Bitcoin and Ethereum

Litecoin’s persistent price increase continues and might push above $60 soon as the coin continues to outperform Ethereum and Bitcoin.
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Litecoin’s persistent price increase continues and might push above $60 soon as the coin continues to outperform Ethereum and Bitcoin.

Lone Drive

There have been suggestions and speculations that most cryptocurrencies and altcoins are correlated with Bitcoin (BTC) and there have been enough evidence to suggest the claims are true. Especially with the top 20 crypto coins by market cap.

However while a respectable number of analysts— and perhaps biased investors—have touted Ripple to be the first major coin to break out of Bitcoin’s hold, due to the coin’s success and dominance on the fintech terrain, another top coin is reminding the crypto community of its resilience.

Litecoin has frequently come under the banters and fingers of crypto influencers who have not failed to point out the notion that Litecoin (LTC) is not offering anything particularly new or special to the cryptocurrency space. While new emerging coins such as Grin and the recent IOTA have been lauded for their technology, with controversial privacy coins Monero and Zcash even getting their share of praises, Litecoin stayed below the radar the majority of 2018. Its defying increase however since the turn of December has not failed to catch the eye of cryptocurrency investors.

Resilient Climb

Valued at about 20$ in November 2018, Litecoin (LTC) was among the few cryptocurrencies to fare slightly better towards the end of the year in what was a trying winter for the crypto market. December saw LTC close in on $30 towards the end of 2018, more than 40 percent increase.

Now maintaining an uptrend above $54 against the US dollar, Litecoin’s performance has unarguably bettered Bitcoin and Ethereum, and there are no signs of it ending soon. An important bullish trend line has been formed with support at $55.50 on the hourly chart, and analysts are predicting that the price of Litecoin might consolidate soon before embarking on an upward climb to break through the $60 mark resistance.

While there are significant signs that the value of LTC would test values of $58-$59 very soon, a downward drop below $54 support level might see LTC price find lower support at $51.50 according to analysts.

The general opinion remains if the crypto market performs fairly well in the near term, LTC would most probably continue to outperform its peers.

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First Endothermic Cryptocurrency Miners Released by OnMiners

The three OnMiners mining rigs, named On2U, On4U, and OnTower, can mine Bitcoin, Litecoin, Ethereum, Monero, Dash, and Zcash. Users can start …

LUXEMBOURG, March 11, 2019 /PRNewswire/ —

OnMiners S.A (http://www.onminers.com ) has recently earned the distinction of becoming the first company ever to introduce an extraordinary range of endothermic cryptocurrency mining rigs. A team of investors working towards making crypto mining simple and profitable, OnMiners has introduced three highly efficient mining rigs utilizing the latest endothermic chip technology. Each of these products offers the biggest hash-rates available in the market while minimizing power consumption and heat/noise generation.

(Logo: https://mma.prnewswire.com/media/833840/OnMiners_Logo.jpg )

The three OnMiners mining rigs, named On2U, On4U, and OnTower, can mine Bitcoin, Litecoin, Ethereum, Monero, Dash, and Zcash. Users can start mining their preferred coins immediately because all the units come pre-configured and just need to be plugged in. The most noteworthy feature of these mining rigs is their endothermic nature. Unlike any other similar product in the market, these miners absorb heat energy from the surroundings instead of releasing it. This ensures incomparably low energy consumption for the units.

Mentioned below are the hash-rates offered by the products for mining different coins.

On2U: 140 TH/s for Bitcoin, 38 GH/s for Litecoin, 5 GH/s for Ethereum, 230 KH/s for Monero, 1.3 TH/s for Dash, and 1.1 MH/s

On4U: 270 TH/s for Bitcoin, 75 GH/s for Litecoin, 9 GH/s for Ethereum, 450 KH/s for Monero, 2.5 TH/s for Dash, and 2.1 MH/s

OnTower: 1620 TH/s for Bitcoin, 450 GH/s for Litecoin, 54 GH/s for Ethereum, 2700 KH/s for Monero, 15 TH/s for Dash, and 12.6 MH/s

All the mining rigs from OnMiners are delivered all over the world except for the countries in the war zone. These products are compatible with universal sockets 110v-240v and come with a one year warranty from the manufacturer. In order to minimize noise, OnMiners has utilized the company’s proprietary air cooling noiseless system.

“With hash-power rates like never before, we are extremely confident that our mining rigs will have a game-changing impact on the market,” said Hisao Saito, the CEO of OnMiners.

To find out more about OnMiners and their products, please visit https://www.onminers.com/

About

OnMiners is a company founded by a group of investors that have invested in the new generation of Endothermic Multi Algorithm CHIP. Their goal is to deliver cryptocurrency miners that are powerful, but have lower power consumption. Utilizing the endothermic chip technology, OnMiners offers a comprehensive range of mining rigs that are easier to set up, release less heat compared to others, and save energy bills for the users.

SOURCE OnMiners S.A

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