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Showing posts with the label correction

Litecoin Rallies in Sight As Crypto Whales Snap Up $43,825,600 in LTC in Just Two Days, According to Analyst

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A closely followed crypto strategist believes that the payments-focused token Litecoin (LTC) is in a position to spark a strong upside burst. Analyst Ali Martinez tells his 130,600 followers on the social media platform X that Litecoin appears to be trading in a wide range between $135 and $98. According to Martinez, Litecoin could rally toward the top end of the range if LTC stays above its diagonal support during the current correction. “If Litecoin LTC holds above $98, increased buying pressure at this level could fuel a rally toward $135!” Source: Ali Martinez/X At time of writing, Litecoin is worth $101.92. Martinez also notes that deep-pocketed investors have gobbled up over $43 million worth of LTC in two days as Litecoin hovered close to $98. “Whales bought 430,000 Litecoin LTC in [48 hours]!” Source: Ali Martinez/X Meanwhile, fellow crypto analyst Credible is not so bullish on LTC, at least in the near term. Credible shares a...

Is It Too Late to Buy EGO? EGO Price Soars 65%, And This Might Be the Next Crypto to Explode

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The EGO price surged 65% in the last 24 hours to trade at $0.02275 as of 4 a.m. EST on trading volume that skyrocketed 53% to $2.61 million. The token saw a price surge that took its price from $0.01382 to $0.0232 before seeing a slight dip to its current value. The surge also came after a week of very mild and steady drop that took the token from $0.01696 to $10.01364, before suddenly skyrocketing. Despite the surge, the project is still not close to its ATH which it established in March of this year, when it hit $0.1316. It is also noteworthy that the price boost came at a time when most cryptos traded in the red, with BTC price even dropping to a mid-$92k range after a week of drops. This could be a signal that a price rally is coming and that EGO was simply among the first to react, but it might also be a signal that the Paysenger social network — an innovative platform that helps creators take audience interaction to a new level — is seeing an increase in usage. With...

Bitcoin sell-off alert: reliable indicator warns of imminent correction

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So far, 2024 has been a strong year for Bitcoin (BTC). While one of the earliest positive developments for the cryptocurrency – the approval of a series of U.S.’ first-ever spot BTC exchange-traded funds (ETFs) – led to a brief but significant crypto market downturn, the recovery in the second half of January and February has been nothing short of staggering. Bitcoin particularly found itself at the center of attention after it entered into a major and ongoing surge on February 26 which, by February 29, saw it rise above $60,000 for the first time since 2021. The momentum couldn’t be stopped even by a flash crash to $58,700 as the cryptocurrency exchange Coinbase (NASDAQ: COIN) buckled under pressure stemming from a surge of public interest in Bitcoin on February 28. Picked for you Unveiled: The healthcare stock with a century of sky-high returns you never knew about 18 mins ago SHIB and DOGE trigger $5 billion overnight explosion: Still time to buy? 1 ...