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Showing posts with the label litecoin

Binance Expands Support For Cardano (ADA) and Litecoin (LTC)

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The crypto exchange also revealed zero maker fees for the ADA/TUSD and LTC/TUSD spot and margin trading pairs. ADA and LTC prices are picking momentum due to positive developments. advertisement Binance Adds Cardano and Litecoin in TUSD Trading Pairs According to an official announcement on May 30, crypto exchange Binance introduces TUSD spot and margin trading pairs for Cardano and Litecoin. Users can start trading ADA/TUSD and LTC/TUSD from May 31 at 08:00 UTC. Start time for ADA/TUSD and LTC/TUSD margin trading pairs will be announced separately. The exchange will allow users to trade ADA/TUSD and LTC/TUSD spot and margin trading pairs at zero maker fees until further announcement. The move comes in an effort to increase liquidity on the exchange by attracting traders. “ Binance Spot Grid will be enabled for the ADA/TUSD, LTC/TUSD and TUSD/BUSD trading pairs within 48 hours of the trading start time.” Recommended Articles ...

Litecoin Halving is in 2 Months, Will LTC Reach $100?

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Although Litecoin ( LTC ) has dropped 4.8% in the last week, it is still up nearly 10% in the 14-day charts. However, many anticipate the asset’s price to rally as LTC ’s halving event is inching closer and closer. LTC ’s halving will take place on August 10 this year, on block number 2,140,000. Block rewards given to Litecoin miners for validating transactions will be cut in half during the impending halving event. Rewards will drop from 12.5 LTC to 6.25 LTC. Typically, crypto miners aim to increase their reserves as the halving date draws closer. Moreover, halving events, like Bitcoin (BTC), usually lead to a price surge. However, the usual development of miners hoarding tokens is not being seen this time around. On-chain data raters show the contrary, i.e., miners are letting go of their reserves. According to the data from IntoTheBlock, Litecoin (LTC) miners have dumped nearly 680,000 LTC in May 2023 alone. Source: IntoTheBlock It is possible that miners are booking ...

Sink or swim at $27K? 5 things to know in Bitcoin this week

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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. Bitcoin (BTC) is fighting for the bull trend as the new week begins as the market acts within a crucial zone. After closing the weekly candle at just below $27,000, BTC/USD is attempting to cement support as a stubborn trading zone holds. The stakes are already high — last week saw a flash dip below $26,000 and two-month lows for Bitcoin, making traders fearful of a larger bearish breakdown to come. While this has not materialized, nerves remain on both shorter and longer timeframes. Where is price action likely headed next? A relatively cool week of macro triggers means less chance of volatility from external sources. Add to that the upcoming difficulty adjustment taking it to yet another all-time high, and the case could well be made for upside continuation. Cointelegraph takes a look at some of the major BTC price factors affecting the week ahead. Bitcoin pri...

Price analysis 5/5: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

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Ether has broken out of its triangle and that may pull Bitcoin price above $30,000. Confidence in the United States financial system seems to be eroding fast with investors trying to find the next weakest link that is about to collapse. Bill Ackman, CEO of hedge fund management firm Pershing Square, cautioned that time was running out to fix the problem. The U.S. equities markets have become vulnerable to adverse news on the regional banks as seen from the sell-off in the past three days. Compared to that, Bitcoin (BTC) has held strong and is hovering near its critical overhead resistance at $31,000. Daily cryptocurrency market performance. Source: Coin360 Bitcoin is not the only outperformer. Gold had risen close to its all-time high during the week. This shows that Bitcoin is currently behaving as a safe-haven asset and investors are adding it to their portfolio along with gold. Could Bitcoin overcome the barrier at $31,000 and extend the up-move? Will the altcoins follow Bitcoin hi...