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LITECOIN PRICE ANALYSIS & PREDICTION (November 27) – LTC Initiates Fresh Buy Following A 7% Gain, Targets April’s High
Losing steam last weekend, Litecoin rolled back under the crucial $100 level and provided a small discount. However, it is climbing back amid the latest recovery as it sets to break out to a new high soon. Like many other altcoins, Litecoin recorded a notable gain in the past weeks following a key break above the $77 resistance, which kickstarted a bull run in the short term. However, it faced resistance and pulled back after tapping $106 last weekend. Dropping below the $90 level yesterday, it found support and bounced back after sharply rejecting $88. Following a fresh increase in...
Bitcoin Penetrating Mainstream Macro Capital Markets – What About Ethereum?
Most large-cap cryptocurrencies, including Bitcoin and Ethereum, have not exactly lived up to the hype and promise in the second half of 2024. Investors saw the general market experience a negative start to the past week, with most assets shedding a significant portion of their value. Interestingly, this recent price action has offered a unique insight into the current state of the crypto market and its relationship with the macro capital markets. Spot Bitcoin ETFs Vs. Ethereum ETFs — Relative Impact? In a recent report, trading firm QCP Capital shared their observation on the Bitcoin and Ethereum markets following the...
Jump Trading Unstakes $29M In ETH from Lido Finance And Continues Redeeming WSTETH
Jump Trading has successfully unstaked 11,500 $ETH, valued at $29 million, from Lido Finance. Additionally, in the past hour, they redeemed 16,210 $WSTETH into 19,049 $STETH. The 11,500 $ETH has been transferred to the wallet “0xf58,” which Jump Trading frequently uses to deposit $ETH to centralized exchanges (CEX). Currently, Jump Trading still holds 21,394 $WSTETH (worth $63.6 million) and 16,292 $ETH (worth $41.3 million) across their wallets. Furthermore, 19,049 $STETH is in the process of being unstaked from Lido. In a separate move within the last 14 hours, James_Fickle swapped 4,336 $ETH for $10.94 million, with an average entry price...