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Changpeng Zhao glaubt, die Branche wird Stablecoins verwenden, die nicht an den US-Dollar sondern an den Euro, Yen oder Singapur Dollar gekoppelt sind, nachdem regulatorische Maßnahmen gegen den an den US-Dollar gekoppelten Stablecoin BUSD ergriffen wurden.
Litecoin price has been in a strong bullish trend this week.
The daily chart analysis points to a 40% jump.
Litecoin price has made a strong comeback after the strong American consumer inflation data. LTC/USD jumped to a high of 97.56, the highest point since February 9. It has jumped by almost 10% from its lowest point this week and is closing in on the psychological point at $100.
Turning to the daily chart, we see that the LTC price has been in a strong bullish trend after crashing to a low of $44 in June last year. It has outperformed most cryptocurrencies, including Bitcoin, Ethereum, and Bitcoin Cash.
A close look at the chart shows that the coin has formed a rounded bottom pattern. This pattern has a close resemblance to a cup and handle and is a sign of a bullish continuation. It has also moved slightly above the 50-day and 200-day moving averages.
Notably, it has moved slightly above the important resistance level at $92, which is the highest side of the cup and handle pattern. It has also made a break and retest pattern. Oscillators like the Relative Strength Index (RSI) and the MACD have continued rising.
Therefore, Litecoin will likely continue rising as buyers target the key resistance point at $134. This is a notable level since it was the highest point on March 30th last year. It is also about 40% above the current level.
On the 4H chart, we see that the LTC crypto price has bounced back after it collapsed to a low of $88.40. It is approaching the lower side of the ascending channel that is shown in black. The coin has moved above the 50-period moving average while the histogram of the MACD has moved above the neutral point.
Therefore, Litecoin price will likely continue rising as buyers target the key level at $100. A move above that level will signal that there are still more buyers left in the market. If this happens, the next key level to watch will be at $105, the upper side of the channel.
However, this rebound could be a break-and-retest pattern. If this is the case, the coin will likely resume the bearish trend in the coming days. Therefore, buyers need to initially move above the lower side of the channel.
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The post Litecoin price is ripe for a 40% jump – technical analysis appeared first on CoinJournal.
Laut der Aufsichtsbehörde, werden alle Krypto-Geldautomaten in Großbritannien derzeit illegal betrieben, weil keiner der Betreiber sich bei der Behörde registrieren ließ.
Damian Williams, der New Yorker Staatsanwalt, hat beantragt, die Zivilprozesse bis nach dem Strafprozess zu verschieben, da alle sehr wahrscheinlich die gleichen Beweise verwenden würden.
A majority of meme coins are soaring after Twitter CEO Elon Musk tweeted a photo of his dog posing as the Twitter CEO.
The new CEO of Twitter is amazing pic.twitter.com/yBqWFUDIQH
— Elon Musk (@elonmusk) February 15, 2023
While Musk did not mention anything to do with cryptocurrencies, the crypto community have read the tweet to mean a possible inclusion of crypto payments on Twitter with the most possible one being Dogecoin (DOGE).
Today meme coins’ price surge comes against the backdrop of a sharp drop in the past few days.
At press time, the price of FLOKI was up 40.32% to trade at $0.00003107. The meme coin is among the top meme coins gainers coming at number two behind Dogcoin (DOGS) token which had gained 40.67%.
FLOKI price chart. Source: Coinmarketcap
Floki Is probably the highest meme coin gainer since Elon Musk’s shiba inu dog is called “FLOKI.”
Dogecoin and Shiba Inu are probably the biggest beneficiaries of Musk’s tweets owing to the fact that they were in a free fall in the past few days.
The price of DOGE was up 6.03% in the past 24 hours but still down 5.8% over the past seven days. Shiba Inu (INU) price has dropped by 8.81% in the last seven days but is up 4.41% today.
Generally, almost all canine meme tokens are on the rise today. However, it is not clear how long Elon’s tweet excitement will last.
The post FLOKI, DOGE and SHIB price soars after Musk tweeted photo of his dog appeared first on CoinJournal.