The Hash team tackle today’s hot topics: Will Tesla’s bitcoin buy trigger other companies like Twitter to follow? Elon Musk claps back at Freewallet. And more celebrities are endorsing crypto.

#cryptocurrency #digitalfinance #finance Subscribe to CoinDesk on YouTube: http://www.youtube.com/subscription_c…

Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/3104779/admin Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters

CoinDesk Podcast Network: spotify:show:2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: spotify:show:7sDXM8BlxsUqzL2IqmLqwE

CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

Billionaire entrepreneur and Dallas Mavericks owner Mark Cuban appears to be morphing into a strong supporter of cryptocurrencies.

In a new blog post, the Shark Tank star says he now firmly believes crypto assets are stores of value, with the new generation fueling the rise of digital currencies like Bitcoin and Ethereum.

[Crypto assets] are all are stores of value with market cap leader Bitcoin having a decade plus long history of transactions and wealth generation…

The new generation that has grown up in a digital world has known their entire lives that what has been of greatest value to them has been digital. This generation knows that a smart contract and the digital good it reflects or a crypto asset are a better investment than old school see, touch or feel uses.”

Cuban adds that the ability to store value includes other crypto assets as well, not just those that can govern digital goods, specifically mentioning the advent of decentralized finance (DeFi) tokens.

“But the bottom line is that there are a growing number of investors and traders who think that the digital goods and crypto asset marketplaces are better than old school physical markets and the stock market and most of them are young. They love the fact that NO ONE has power over them. That there is no central authority and they get the results of their own efforts without some government agency or big company fucking with them. Every negative, consequential financial moment in their collective lives has been the result of some massive entity getting greedy and fucking things up for them.

On the flip side, they have also been watching some of their peers gain wealth with crypto and digital assets, most starting with not much capital. Those peers have also been very vocal about the lack of interference by old schoolers with crypto and digital assets and much of those gains have come from all of them doing the same thing, buying and Holding On for Dear Life. They have learned that with digital assets, acting in unison can bring wealth to those who otherwise would not have access to it. That is power and they know it and they are learning how to use it.”

Cuban, who has long been on the fence about crypto, has recently confirmed that he is dabbling in digital tokens.

His altcoin holdings includes DeFi lending protocol Aave, little-known crypto asset Friends With Benefits, and yield farming protocol Rari Governance Token (RGT).

Featured Image: Shutterstock/Alex Kravtsov

Source link

Litecoin price – Litecoin Falls 11% In Rout By Fintech Zoom

Fintech Zoom – was trading at $198.606 by 21:16 (02:16 GMT) on the Fintech Zoom Index on Monday, down 10.69% on the day. It was the largest one-day percentage loss since January 21.

The move downwards pushed Litecoin‘s market cap down to $13.756B, or 0.94% of the total cryptocurrency market cap. At its highest, Litecoin‘s market cap was $15.048B.

Litecoin had traded in a range of $198.606 to $215.518 in the previous twenty-four hours.

Over the past seven days, Litecoin has seen a rise in value, as it gained 36.87%. The volume of Litecoin traded in the twenty-four hours to time of writing was $12.663B or 6.70% of the total volume of all cryptocurrencies. It has traded in a range of $164.3968 to $230.4455 in the past 7 days.

At its current price, Litecoin is still down 52.71% from its all-time high of $420.00 set on December 12, 2017.

was last at $47,178.8 on the Fintech Zoom Index, down 0.59% on the day.

was trading at $1,738.00 on the Fintech Zoom Index, a loss of 5.17%.

Bitcoin‘s market cap was last at $897.672B or 61.54% of the total cryptocurrency market cap, while Ethereum‘s market cap totaled $201.870B or 13.84% of the total cryptocurrency market value.

Fintech Zoom or anyone involved with Fintech Zoom will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Billionaire entrepreneur and Dallas Mavericks owner Mark Cuban appears to be morphing into a strong supporter of cryptocurrencies.

In a new blog post, the Shark Tank star says he now firmly believes crypto assets are stores of value, with the new generation fueling the rise of digital currencies like Bitcoin and Ethereum.

[Crypto assets] are all are stores of value with market cap leader Bitcoin having a decade plus long history of transactions and wealth generation…

The new generation that has grown up in a digital world has known their entire lives that what has been of greatest value to them has been digital. This generation knows that a smart contract and the digital good it reflects or a crypto asset are a better investment than old school see, touch or feel uses.”

Cuban adds that the ability to store value includes other crypto assets as well, not just those that can govern digital goods, specifically mentioning the advent of decentralized finance (DeFi) tokens.

“But the bottom line is that there are a growing number of investors and traders who think that the digital goods and crypto asset marketplaces are better than old school physical markets and the stock market and most of them are young. They love the fact that NO ONE has power over them. That there is no central authority and they get the results of their own efforts without some government agency or big company fucking with them. Every negative, consequential financial moment in their collective lives has been the result of some massive entity getting greedy and fucking things up for them.

On the flip side, they have also been watching some of their peers gain wealth with crypto and digital assets, most starting with not much capital. Those peers have also been very vocal about the lack of interference by old schoolers with crypto and digital assets and much of those gains have come from all of them doing the same thing, buying and Holding On for Dear Life. They have learned that with digital assets, acting in unison can bring wealth to those who otherwise would not have access to it. That is power and they know it and they are learning how to use it.”

Cuban, who has long been on the fence about crypto, has recently confirmed that he is dabbling in digital tokens.

His altcoin holdings includes DeFi lending protocol Aave, little-known crypto asset Friends With Benefits, and yield farming protocol Rari Governance Token (RGT).

window.coinzilla_display = window.coinzilla_display || []; var c_display_preferences = {}; c_display_preferences.zone = "436775a91f3b146169"; c_display_preferences.width = "300"; c_display_preferences.height = "250"; coinzilla_display.push(c_display_preferences);

Featured Image: Shutterstock/Alex Kravtsov

Litecoin is a cryptocurrency that enables instant payments to anyone in the world and that can be efficiently mined with consumer-grade hardware.

Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is closely identical to Bitcoin.

Symbol: Ł

ISO 4217 code: LTC

Supply limit: 84,000,000 LTC

Project fork d> Core Development Team

Buy Litecoin

There is a finite number of Litecoins available to be mined (84 million). Availability can also fluctuate depending on the rate at which the coins enter the market.

Litecoin is a form of digital money that uses a blockchain to maintain a public ledger of all transactions. It is used to transfer funds between individuals or businesses without the need for an intermediary such as a bank or payment processing service.

It allows individuals to make payments or transactions anywhere in the world with relatively low fees. And like Bitcoin, Litecoin is decentralized. There’s no centralized authority, building, or headquarters for it. The currency flows freely on the internet.

Yes, it’s safe to invest for long term, if you are investing for a month or so please don’t invest in Litecoin. Litecoin is for long term investors and its very solid coin. Litecoin is one of the oldest coin post Bitcoin, and have better technology then Bitcoin as well as low translation fees then Bitcoin as well.

Buy Litecoin with Binance – The easiest way to buy LTC and cryptocurrencies using cash or credit card on the Binance Exchange.

Litecoin price – Litecoin price – Litecoin price – Litecoin Notes Several Long-term Highs Unrelated To LTC price | Fintech Zoom | Fintech Zoom

Litecoin price – Litecoin price – Litecoin Notes Several Long-term Highs Unrelated To LTC price | Fintech Zoom

All statistics indicate the Litecoin ecosystem is growing across the board. A higher network activity, combined with many new addresses being recorded, are all telltale signs. Reaching that $200 price level may prove challenging, but nothing is impossible in this industry. 

It is always pertinent to check out a cryptocurrency‘s daily transaction rate to figure out overall network health. For Litecoin, the statistics are increasing once again. With a three-month high in network transactions, it seems the high price isn’t the only reason why this project gains renewed interest. That said, there is still a long way to reach the levels of October 2020 again.

Putting this in perspective, the Litecoin network records nearly 3.5 million daily transactions as of late. Not a bad figure for a network that most crypto “OGs” will not give a second glance. Compared to Bitcoin and Ethereum, Litecoin is both faster and cheaper to use, giving it somewhat of an appeal for moving value quickly.

Even so, Litecoin has never been able to gain traction on the same scale as either Bitcoin or Ethereum has. It is a good altcoin, for all intents and purposes, but does not have any big appeal among non-crypto users. It is unclear whether that is due to a lack of brand awareness or because creator Charlie Lee cashed out high LTC holdings years ago.

One aspect working in favor of this altcoin is how the number of receiving addresses is also rising. In fact, the statistic yields a three-year high, indicating the sleeping giant may have awoken. It is now a matter of supporting this growth rate, although that will prove challenging for many different reasons. 

Speaking of hitting three-year highs, it is not about the number of receiving addresses. Instead, there is also a three-year high for the number of new addresses. A rise in this metric can have many different reasons, including exchanges, wallets, and trading platforms shifting things around a bit. 

Additionally, more people may expect big things from Litecoin shortly. What those expectations may entail is a very tough question to answer. A rising price will always attract newcomers, but that alone cannot explain this recent growth, which surprises everyone. 

All of these signs confirm the Litecoin network is healthy and enjoying a lot of attention lately. The big question is if and how long this will remain the case. Standing out among the different cryptocurrencies is always a tough act, especially now that so many people are looking for quick profit opportunities. 

Source: Litecoin Notes Several Long-term Highs Unrelated To LTC price

Litecoin price – Litecoin price – Litecoin price – Litecoin Notes Several Long-term Highs Unrelated To LTC price | Fintech Zoom | Fintech Zoom Tags: Litecoin price

Crypto trading has become an integral part of life for many people. However, this method of a cryptocurrency exchange has nuances, as you always need to stay online. Far not every crypto-exchange can boast of rich functionality for such opportunities. Let’s look at several popular trading platforms that allow for making exchange transactions from a mobile phone. They are very important for those traders who are often on the road, like to check quotes and manage funds without any restrictions.

When choosing a crypto-exchange, it is important to consider the availability of a mobile version, since it will allow you to exchange assets on the go and in a matter of minutes.

The first step you should make to start trading cryptocurrency from your smartphone is to download the Play Market and log in. Don’t forget about the two-factor authentication system, which will most likely be required. Enter the SMS code from the linked phone number or confirm it through e-mail. Now you can look for an app that you should download to perform a bitcoin to litecoin exchange. The functionality of mobile applications usually does not differ from the web version much. Nevertheless, below we have gathered the best options for you.

The app of one of the world’s largest crypto exchanges in terms of trading volume – Binance – ranks second with a capitalization of $2.1 billion.

The Binance app is stable and has a pretty convenient interface. There are two versions of the application – for Android and iOS devices.

The application interface is simple to use: currency pairs are grouped in a separate tab with the current cryptocurrency rates. You may buy and sell any coin by clicking the Buy or Sell buttons. The application is highly stable, Binance has a large number of trading positions. For those who want to trade short rates and different currency pairs, the Binance app will be indispensable.

Coinbase is another popular crypto exchange with a well-deserved reputation and high trading volume. The Coinbase mobile app is a variant of the online bitcoin storage with functionality for exchanging. To start working you should link your trading accounts on the site.

The Cex platform does not boast the same trading volume and currency pairs as Binance. However, it supports a very convenient app for iOS and Android. On CEXb you can buy altcoins for fiat using Visa and MasterCard.

It’s a young crypto exchange that allows for converting many different coins, including the rarest ones. The creators of the exchange went beyond the usual online trading and brought variety to the functionality by developing the Kucoin mobile application.

A relatively young, but already well-established exchange. Its main difference is decentralization. This platform does not store your coins. That is why it cannot be hacked so don’t worry about the safety of your funds.

Besides, to work with Godex.io, you don’t need to register. Cryptocurrency exchange occurs in a matter of minutes.

To date, the developers are working on creating a convenient and simple application for operating systems. Plus, you can access Godex via a mobile browser.

Litecoin price – Litecoin price – Litecoin Notes Several Long-term Highs Unrelated To LTC price | Fintech Zoom

All statistics indicate the Litecoin ecosystem is growing across the board. A higher network activity, combined with many new addresses being recorded, are all telltale signs. Reaching that $200 price level may prove challenging, but nothing is impossible in this industry. 

It is always pertinent to check out a cryptocurrency‘s daily transaction rate to figure out overall network health. For Litecoin, the statistics are increasing once again. With a three-month high in network transactions, it seems the high price isn’t the only reason why this project gains renewed interest. That said, there is still a long way to reach the levels of October 2020 again.

Putting this in perspective, the Litecoin network records nearly 3.5 million daily transactions as of late. Not a bad figure for a network that most crypto “OGs” will not give a second glance. Compared to Bitcoin and Ethereum, Litecoin is both faster and cheaper to use, giving it somewhat of an appeal for moving value quickly.

Even so, Litecoin has never been able to gain traction on the same scale as either Bitcoin or Ethereum has. It is a good altcoin, for all intents and purposes, but does not have any big appeal among non-crypto users. It is unclear whether that is due to a lack of brand awareness or because creator Charlie Lee cashed out high LTC holdings years ago.

One aspect working in favor of this altcoin is how the number of receiving addresses is also rising. In fact, the statistic yields a three-year high, indicating the sleeping giant may have awoken. It is now a matter of supporting this growth rate, although that will prove challenging for many different reasons. 

Speaking of hitting three-year highs, it is not about the number of receiving addresses. Instead, there is also a three-year high for the number of new addresses. A rise in this metric can have many different reasons, including exchanges, wallets, and trading platforms shifting things around a bit. 

Additionally, more people may expect big things from Litecoin shortly. What those expectations may entail is a very tough question to answer. A rising price will always attract newcomers, but that alone cannot explain this recent growth, which surprises everyone. 

All of these signs confirm the Litecoin network is healthy and enjoying a lot of attention lately. The big question is if and how long this will remain the case. Standing out among the different cryptocurrencies is always a tough act, especially now that so many people are looking for quick profit opportunities. 

Source: Litecoin Notes Several Long-term Highs Unrelated To LTC price

Litecoin price – Litecoin price – Litecoin Notes Several Long-term Highs Unrelated To LTC price | Fintech Zoom Tags: Litecoin price

Litecoin price – Litecoin goes past $200 to touch new 35-month high

Strong bullish currents have been the norm across the crypto-market lately, with Bitcoin not being the only crypto-asset breaching ATHs consistently. In fact, hot on the heels of BTC, Ethereum, Chainlink, and Binance Coin have also registered their own new highs.

Thanks to its correlation with the world’s largest cryptocurrency, it’s no surprise that Litecoin (LTC) was affected by the crypto rally too, with the coin trading over $200, at press time. Thanks to its over 40% hike in the last 7 days and 13% hike in the last 12 hours, the cryptocurrency dubbed “digital silver” has now climbed to a price level last seen in March 2018.

Litecoin was also recording YTD gains of 45%, at press time.  

The journey so far 

In January 2021, on the back of Bitcoin retracing its gains after going past the $40,000-mark, Litecoin’s price had fallen to as low as $132. However, market bullishness ensured that LTC was soon able to climb to a 35-month high on 13 February. 

The crypto-asset’s performance in 2021 may be a result of Litecoin retaining investors’ confidence. Despite its recent performances, however, it remains well away from overhauling XRP’s market cap. In fact, Litecoin has been overtaken by the likes of Polkadot and Binance Coin on the charts. 

Performance

On the question of metrics, Chainalysis revealed that LTC inflows into exchanges were worth $172,847,528, as of 13 February. These figures were much lower than the ones registered in mid-January when Litecoin last attempted to breach the much-anticipated price level. Since a hike in inflows to exchanges usually underlines an increase in selling pressure in the market, one can conclude that the present LTC market doesn’t have a lot of selling pressure on it.

Further, if the age of LTC held is considered, Chainalysis found that the “LTC held for 2 to 52 weeks has increased by 703.11k LTC on average in the last 4 weeks, the largest rise in 109 weeks.” The longer an asset is held, the more likely it is that holders are using the asset as a store of value or are inactive. Ergo, LTC holders seem to be having greater confidence in the long-term value of the cryptocurrency.

Litecoin price – Litecoin goes past $200 to touch new 35-month high Tags: Litecoin price

Litecoin was not too far away from the $200-level, with LTC projected to surge above that mark over the next few trading sessions. Further down the crypto-ladder, Synthetix and VeChain underlined the strength in the broader market as the altcoins traded at record levels, at press time. However, there were chances of a bearish pullback according to some indicators.

A surge of over 12% in the last 24 hours saw Litecoin flip key resistance levels as the cryptocurrency closed in on the $200-mark. The On Balance Volume made higher highs and highlighted the buying pressure in the market. An extended bull run could see LTC challenge the next resistance level at $205.

There was the possibility of a bearish pullback on the charts as the Relative Strength Index traded in the overbought zone, an area of reversal. Considering the recent bullishness in the market, however, a fall below $172.3 was not likely even in a bearish scenario.

Synthetix added 28% to its value in the last 24 hours, with the price trading at an all-time high of over $27, at press time. The 24-hour trading volume surged by over 90% as the cryptocurrency looked set to snap newer highs in the coming sessions. The MACD underlined the strong bullish momentum as the fast-moving line climbed well above the Signal line.

On the other hand, some saturation was seen in its market according to the Stochastic RSI, with the same in the overbought region. A bearish crossover following a drop in the Stochastic RSI could see SNX move lower to its first and second levels of support at $25.5 and $23.8, respectively.

Much like its counterpart SNX, VeChain also traded at record levels, at the time of writing. The gains came on the back of a bullish broader market and an uptrend that saw the cryptocurrency post gains of nearly 50% in the last 30 days.  The Awesome Oscillator’s green bars rose sharply and highlighted the strong momentum on the buyers’ side. The Bollinger Bands noted rising volatility in VET’s market as the candlesticks traded on the upper band.

While high volatility isn’t necessarily a downside, it comes with high risks, and there was a chance of a reversal over the next few sessions. In the event of a pullback, the support areas lay at $0.03 and $0.027.

Plaintiff to lawsuit demands Ripple disclose XRP-related emails exchanged with SEC

Wisconsin woman who paid in Bitcoin to hire a murderer on dark web charged

A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

Tezos, Synthetix, Verge Price Analysis: 24 February

Stellar Lumens, Synthetix, Decred Price Analysis: 22 February

Uniswap, VeChain, Dash Price Analysis: 22 February

Litecoin, Tezos, IOTA Price Analysis: 22 February

Cardano, Crypto.com Coin, Synthetix Price Analysis: 21 February

Litecoin, EOS, Decred Price Analysis: 20 February

With the appreciation of several cryptocurrencies during the current high, traders are looking for new opportunities. It seems that Litecoin is a good choice in the long run.

According to trader Altcoin Sherpa, LTC is an option to “buy and forget”.

It is worth noting that the trader defends Litecoin as a good possession for the long term. Therefore, it is important not to create expectations for the coming weeks.

At the time of writing, Litecoin is quoted at R $ 1,014.46. On Friday (12), trader Altcoin Sherpa posted on his Twitter:

“Litecoin is one of the best (cryptocurrencies) to keep for the long term, in my opinion. I believe it is good to have a space in your wallet for her and let it go.

High chance of hitting historic high levels in the coming months, given the other big cryptocurrencies. ”

Litecoin’s historic maximum is R $ 2,018.14. Thus, LTC is almost 50% away from its maximum history today.

Bearing in mind that Sherpa understands Litecoin to be a long-term investment, it is important to highlight the resistance between the historic maximum and the current quote.

The trader then published a chart highlighting the resistances that can be faced until then. Altogether, there are three of them.

At the current dollar exchange rate, resistance in reais is: R $ 1,168.83, R $ 1,460.96 and R $ 1,743.90. After breaking the last resistance, Sherpa does not highlight any other impediments until the maximum.

In a bull market where cryptocurrency shots are constantly missed and new opportunities sought, Sherpa’s opinion may be valid.

In any case, it is interesting to note that this is a long-term investment. So, traders looking for projects to quickly and riskily turn capital into a fortune, Litecoin may not be the best option.

Read also: DeFi Token shoots 1,463% in just one month

Read also: 5 times Bitcoin appeared on Netflix series

Read also: Nassin Taleb says he gave up Bitcoin: “he became a den of deniers

Bitcoin Press Release: DeFiChain and Litecoin Foundation strike agreement to offer Liquidity Mining for the popular cryptocurrency on the DeFiChain platform. DeFiChain users can earn up to two DFI per LTC block mined using the DeFiChain desktop application.

11th February 2021, Singapore: DeFiChain, the world’s leading blockchain on the Bitcoin network devoted to decentralised monetary applications, has today announced that Liquidity Mining with full rewards will be available with LTC on the DeFiChain platform. Following a successful one-week testing period, the Liquidity Mining program on DeFiChain will award two DFI coins — DeFiChain’s native digital currency — for every block mined.

By adding Liquidity Mining capabilities for LTC, one of the most popular cryptocurrencies in the world, the platform highlights its commitment to delivering more opportunities, options and diversity for its users, and adds to the existing suite of benefits provided to its users.

“Litecoin is one of the most popular and widely used cryptocurrencies in the world, and we are delighted to be partnering with them to offer Liquidity Mining for Litecoin on DeFiChain. Liquidity Mining on DeFiChain allows market making to be done in a fair and transparent manner”

Said Julian Hosp, Chairman of DeFiChain. He continued:

“In order for it to be used by such a vast community, it has to be highly liquid and available in multiple markets. The integration and availability of LTC on the DeFiChain platform gives users another option, thereby empowering holders of the cryptocurrency to provide measurable, beneficial liquidity and earn rewards in return.”

DeFiChain’s DEX (decentralised exchange) offers fast transaction speeds, low fees, low transaction fees, high security, and a fully decentralised trading environment. On DeFiChain, a gamut of Litecoin holders can utilise their holdings and computing resources to provide liquidity and earn sizable returns in the process.

Jay Milla from Litecoin Foundation said:

“This marks the beginning of a new era for LTC, being available on one of the world’s fastest growing decentralised platforms. DeFiChain’s mission, to provide fast, intelligent and transparent financial services is aligned to our own. Throughout the years, Litecoin has continued to grow to become an industry leader, as one of the oldest and most widely utilized and traded cryptocurrencies. It continues to maintain its position within the top cryptocurrencies ranked by market capitalisation.”

DeFiChain, one of the leading blockchains built upon the Bitcoin’s network infrastructure, which democratises market making and liquidity provisions by empowering its rapidly growing community. With this partnership, traders and investors, both retail and institutional, will be able to earn rewards based on the actual, measurable liquidity they create for Litecoin, which in this case, equates to two DFI per block mined.

To access LTC-DFI Liquidity Mining pools on DeFiChain, simply download the DeFiChain desktop app from https://defichain.com/downloads/, deposit DFI to the DEX to swap part of it for LTC, then select “Liquidity” from the menu on the left-hand side and the “+” symbol under “Add or remove liquidity” to select the amount to add. It couldn’t be easier.

About DeFiChain

DeFiChain is a blockchain platform dedicated to enable fast, intelligent, and transparent decentralized financial services. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem. Unlike most of the other DeFi projects that are built on the Ethereum network, DeFiChain is built on Bitcoin (as a software fork), and leverages Bitcoin’s security by anchoring to the bitcoin blockchain (via Merkle root) every few minutes.

By dedicating the functionality of a blockchain specifically to decentralized finance, DeFiChain is able to provide high transaction throughput, reduced risk of errors, and intelligent feature development.

Visit https://defichain.com for full information including roadmap and upcoming features.

Join on Facebook

Meet the team LinkedIn

Join the community on Reddit

Keep updated on Telegram

Follow on Twitter

Subscribe on YouTube

About Litecoin Foundation

The Litecoin Foundation is a non-profit organization whose mission is to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies. Litecoin is a peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world. The Litecoin Foundation Ltd. is headquartered in Singapore (registered UEN# 201709179W) with an active team contributing from around the globe.

For more information, visit litecoin-foundation.org.

Media Contact Details

Contact Name: Kavi Saglani

Contact Email: [email protected]

DeFiChain is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Litecoin price – Kiss’s Gene Simmons adds Litecoin to his portfolio

Source: Wit Olszweski – Shutterstock

Kiss lead singer Gene Simmons continues to reveal his cryptocurrency investments. In addition to Bitcoin, Ethereum, Binance Coin (BNB), Cardano (ADA), Simmons has disclosed that he has bought Litecoin and Chainlink.

Although he did not clarify how much LTC he has purchased, Simmons shared an introductory video to the cryptocurrency as he did when he invested in Chainlink. Also, Kiss’s singer has expressed criticism on traditional media coverage of his entry into the crypto market and their coverage of digital assets in general. On a specific Fintech Zoom story, Simmons said:

This, in my estimation, is the difference between academics, who are really not involved in street level capitalism. And people who actually are…One of these two men is very well off. The other, teachers at a University.

— Fintech Zoom Newsroom (@CNNnewsroom) February 20, 2021

Via his Twitter handle, Simmons has addressed questions and comments about his investments in cryptocurrencies. There, Kiss singer has explained why cryptocurrencies are a good choice for investment and urged his followers to do their own research. Clarifying that he is not a financial advisor, Simmons stated:

Again. I’m not recommending or not recommending. I’m not paid and I’m not a spokesman for these. But I have done amazingly well with Bitcoin, Ethereum, Litecoin, Chainlink, Binance, Cardano (ADA)..and if I invest in more, I’ll let you know. It’s always your call.

As CNF reported, the interest of the Kiss singer, also known as “The Demon,” started with an investment in Dogecoin (DOGE) when WallStreetsBets took notice of the fun cryptocurrency. Afterwards, “The Demon” expanded his portfolio into Bitcoin, Ethereum and Cardano. On the latter, he stated that ADA is “cheaper” than Bitcoin. At the time, ADA was trading for less than $1.

— Gene Simmons (@genesimmons) February 19, 2021

Cardano inventor and IOG CEO Charles Hoskinson responded to Kiss’ singer and has since made several related posts. Hoskinson said:

Finally someone to KISS. Lol, my day just keeps getting crazier.

Bitcoin’s price performance on the charts lately has had a ripple effect on the rest of the cryptocurrency market. On the back of the world’s largest cryptocurrency surging, many of the market’s alts climbed too. Litecoin, Algorand, and Digibyte were among the cryptos to surge, with the movement giving a much-needed impetus to these cryptos’ markets.

Litecoin [LTC]

Litecoin, the cryptocurrency popularly dubbed the silver to Bitcoin’s gold, has historically shared a very high correlation with Bitcoin. The same was evidenced by its market movements over the last few weeks, with LTC corresponding to Bitcoin’s movements with a hike of its own. In fact, in the last week alone, LTC climbed by over 27%, with its psychological resistance level of $200 now well within reach.

It should be noted, however, that thanks to the said correlation, LTC is equally prone to the king coin’s corrections. Litecoin was trading at a similar level in mid-January, however, it soon fell to trade around $120-$130 on the charts after Bitcoin fell below the $35,000-mark.

While the Parabolic SAR’s dotted markers highlighted the bullishness in the market, the Relative Strength Index was holding steady while skirting the overbought zone on the charts.

It was in the news recently after Open Interest in Litecoin Futures hit an ATH of $584M.

Algorand [ALGO]

Ranked 42nd on the charts at press time, ALGO, like Litecoin has had a good 2021. Unlike LTC, however, the crypto didn’t note any corrections when Bitcoin’s momentum slipped back in mid-January. In fact, ALGO has been on a steady uptrend for a while now. The same was evident when the crypto’s weekly performance was considered, with ALGO surging by over 75% on the charts.

Despite the scale of the hike, however, it should be noted that the crypto was still way off its ATH.

While the widening mouth of the Bollinger Bands suggested that price volatility was inevitable in the near-term, the Awesome Oscillator’s histogram registered an uptick in bullish momentum, even though the last bar on the same flashed red.

Algorand recently teamed up with crypto-custodian Curv to build “Trusted DeFi.”

DigiByte [DGB]

Like Algorand, DigiByte’s hike over the last week has been exponential, with the crypto climbing by over 70% on the charts. Like Algorand, however, DGB was still well away from its ATH on the charts.

Here, it should be noted that contrary to the rest of the altcoin market, DGB’s price performance improved only in the month of February, with DGB’s charts fairly stale and stagnant in the month of January.

At the time of writing, while the MACD line was soaring well over the Signal line to underline the market’s bullishness, the Chaikin Money Flow was heading towards 0.20, a sign of capital inflows gaining strength.

Tezos registers new ATH as price hits $4.5

Fintech Company Mercuryo to Integrate Apple Pay and Google Pay for Cryptocurrency Purchases

Jibin is a news editor at AMBCrypto. With over three years of experience as a political writer, he primarily focuses on the political impact of crypto developments. A graduate in Law and International Relations, his writing is by and large focused on cryptocurrencies from the political and financial perspective. A Liverpool FC fan. YNWA

Litecoin, Tezos, IOTA Price Analysis: 22 February

XRP, Algorand, Zcash Price Analysis: 21 February

Litecoin, EOS, Decred Price Analysis: 20 February

Bitcoin Cash, Algorand, Crypto.com Coin Price Analysis: 19 February

Litecoin, Ontology, Zcash Price Analysis: 18 February

Stellar Lumens, Algorand, Compound Price Analysis: 17 February

Bitfinex Derivatives, a crypto derivatives platform accessible through crypto exchange company Bitfinex, today launched perpetual contracts for Litecoin/Bitcoin and Polkadot/Bitcoin.

The new contracts are now live and allow users up to 100x leverage, contracts are settled in bitcoin (BTC).

“We’re pleased to add to our growing list of perpetual contracts available to trade on the exchange. We anticipate great interest from funds and professional investors in the new Litecoin/Bitcoin and Polkadot/Bitcoin perpetual contracts.” – Paolo Ardoino, CTO at Bitfinex Derivatives