Bitcoin bulls and bears battle for control of a key area on the BTC chart, with network fundamentals due new all-time highs.
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Bitcoin bulls and bears battle for control of a key area on the BTC chart, with network fundamentals due new all-time highs.
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The two exchanges cited Korea’s Act on the Reporting and Use of Specific Financial Transaction Information, a law that requires crypto exchanges to put in place KYC and AML systems.
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The classic bearish setup projects Litecoin price potentially falling to $200 in the coming sessions.
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Nonetheless, LTC/USD is at risk of a price correction as it paints a classic bearish reversal pattern.
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Bitcoin’s steady climb toward new highs is bringing about the usual breakout from legacy altcoins like LTC, BCH and XLM.
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Price dislocations between futures and spot markets led altcoins like ETH, LTC and SUSHI to trade up to 43% below their index price in spot markets.
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EOS, LTC, ETC and ETH are just a few of the altcoins that chased after new multi-year highs as layer-1 projects saw an increase in trading volume.
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Experts say DOGE traders rotating profits into Robinhood-listed altcoins could be behind the rally in LTC, BCH and ETC.
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After a sharp relief rally, Bitcoin price encountered resistance near $55,000, leading to a short-term pullback in select altcoins.
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Open interest on Litecoin futures hit a record $584 million, a signal that institutional investors like Bitwise and Grayscale Investments are interested in the altcoin.
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