Crypto Market Cap & Bitcoin Extending Losses: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap declined further and broke the $280.0B support area. Bitcoin price is down more than 6% and it recently traded below the $10,800 support. Litecoin (LTC) price is holding the key $85.00 support area and is trading in a range. BCH price performed nicely and jumped more than 5% to break the $340 resistance. Tron (TRX) price is grinding lower towards the $0.0200 support level. Cardano (ADA) price is currently recovering above the $0.0525 resistance level. The crypto market cap and bitcoin (BTC) are extending losses…

Litecoin Founder Charlie Lee Addresses Project Abandonment Allegations

Litecoin (LTC) founder Charlie Lee has addressed recent project abandonment allegations. In a series of tweets published on Aug. 10, Litecoin founder Charlie Lee addressed allegations that Litecoin did not have further plans for the coming year: “Recently there’s been a lot of FUD about Litecoin having no code commits in 2019. When you look at Litecoin GitHub, it would seem like we did no work in 2019. There are actually 2 reasons why this is the case even though we have been developing.” The first reason Lee provided for…

Crypto Exchange Binance Points out a Dusting Attack Against Litecoin

Cryptocurrency exchange Binance claims that a dusting attack against fourth-biggest altcoin, Litecoin (LTC). A large scale attack against privacy The official Twitter exchange of cryptocurrency exchange Binance claimed that a major attack against users of altcoin Litecoin took place yesterday. The firm made this claim in a tweet on August 9: “Approximately 5 hours ago there was a large-scale dusting attack on $LTC @Litecoin users.” The tweet also links to a transaction — which according to Binance is part of the attack — sending a fraction (0.00000546 LTC) of a…

Crypto Market Cap & Bitcoin Holding Uptrend: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap corrected lower after a solid run towards $215.0B. Bitcoin price is currently trading above the $11,500 support after a strong downside correction. Litecoin (LTC) price is now trading below the $95.00 support after a failed break above $100.00. BCH price is correcting gains and it could retest the $330 support level. Tron (TRX) price broke the key $0.0220 support and it could extend losses. Cardano (ADA) price is declining towards the key $0.0520 support level in the near term. The crypto market cap and bitcoin…

Litecoin Halving Price Rally Fizzles Sub $100 But 97% Hash Rate Stays

Under one day since Litecoin (LTC)’s halving, its hashrate appears to be as robust as ever. In a tweet posted on August 5 — just under 22 hours after the halving event —  Litecoin creator Charlie Lee noted that: “504 blocks have been mined since the halving. This is 1/4 of the way to the next diff change. 21.65 hrs has elapsed since the halving. Normally on average it takes 21 hrs for 504 blocks. This means 97% of pre-halving hashrate still mining LTC.” Mining FUD debunked Halving — or…

Bitcoin & Crypto Market Cap In Uptrend: Litecoin, BNB, BCH, TRX Analysis

The total crypto market cap extended its upside above the $300.0B resistance area. Bitcoin price rallied towards the $12,000 resistance and it is currently correcting lower. Binance coin (BNB) price seems to be consolidating above the $27.20 support area. Litecoin (LTC) price spiked above the $100.00 level, but it failed to stay above $100.00. BCH price is correcting lower after trading above the $350 resistance level. Tron (TRX) price failed to stay above the key $0.0230 and $0.0232 resistance levels. The crypto market cap and bitcoin (BTC) are currently following…

Litecoin Price Fails to Pass $100 on Day of Halving

All eyes were on Litecoin (LTC) price August 5 as its block reward halving failed to excite markets and produce gains for investors.  Litecoin 7-day price chart. Source: Coin360 LTC gains fail to materialize Data from Coin360 showed Litecoin, which is the fifth-largest cryptocurrency by market cap, trading at around $94 Monday, just one hour before the halving. Once the process completes, miners will gain just 12.5 LTC per block of mined transactions, instead of the current 25 LTC. While not guaranteed, this increased scarcity has the ability to push…

Litecoin Halving: All You Need to Know

With just one day to go until Litecoin’s (LTC) next halving event, Cointelegraph sets out all you need to know about the cryptocurrency’s reduction in block rewards. In spite of their reputation for creating price hikes, the lead up to the halving has witnessed a 25 percent decline in valuation over the last month.  What is halving? Halving is a process that occurs when the mining reward for a cryptocurrency is reduced by 50%. Miners receive crypto rewards for solving problems that create each new block on a given blockchain.…

Bitcoin & Crypto Market Cap Trending Higher: Litecoin, BNB, BCH, TRX Analysis

The total crypto market cap is gaining momentum above the $260.0B and $265.0B resistances. Bitcoin price is showing positive signs and it recently broke the key $10,200 resistance area. Binance coin (BNB) price is rising steadily and it recently broke the $28.00 resistance area. Litecoin (LTC) price tested the $100.00 resistance once again, but failed to continue higher. BCH price is moving higher once again towards the $330 and $335 resistance levels. Tron (TRX) price seems to be consolidating above the key $0.0220 support area. The crypto market cap and…

Crypto Market Cap & Bitcoin Climbing Higher: BCH, Litecoin, ADA, TRX Analysis

The total crypto market cap extended gains and broke the key $260.0B resistance area. Bitcoin price gained more than 3% and broke the $10,000 resistance area. Litecoin (LTC) price climbed higher and recently tested the $100.00 resistance area. BCH price is correcting gains and it could revisit the $315 support level. Tron (TRX) price is trading above the $0.0220 level and it could continue to rise in the near term. Cardano (ADA) price is struggling to settle above $0.0600 and it could retest the $0.0580 support. The crypto market cap…