Litecoin Price Technical Analysis (September 10): Facing Strong Resistance at $72

Litecoin Price Technical Analysis (September 10): Facing Strong Resistance at $72

Analysis Litecoin (LTC)trade is currently trading at $71.12. The digital coin is facing resistance at $72.09 and support at $69. LTC price is expected is to trade between the channel and long position should not be taken at this price. It is suggested to wait until the price reaches the support, or breaks the resistance. Dow Theory The accumulation phase usually starts when informed investors (experienced traders and institutions) are beginning to enter their positions….

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FTC Settles with Operators of Bitcoin Funding Team and My7Network Crypto MLM Schemes

FTC Settles with Operators of Bitcoin Funding Team and My7Network Crypto MLM Schemes

The Federal Trade Commission (FTC) of the United States has recently banned the operators and promoters of a deceptive cryptocurrency multi-level marketing pyramid scheme, operating under the names ‘Bitcoin Funding Team’ and ‘My7Network.’ The FTC has obtained the order from the court in March 2018 against the four operators of the crypto Ponzi scheme and frozen their funds. The FTC finally settled the charges it filed in 2018 against an alleged crypto pyramid scheme involving…

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Litecoin Price Technical Analysis (August 13): No Clear Direction Yet

Litecoin Price Technical Analysis (August 13): No Clear Direction Yet

Litecoin (LTC)trade is currently trading at $85.61. In the graph below it can be seen that the digital coin was trading between the channels but recently it has broken the lower limit of the channel, indicating a further correction. The channel’s lower limit is at $87.55, and is acting as resistance with support at $82.80. Dow Theory According to Dow Theory, the virtual coin is currently appearing in the accumulation phase after the panic phase….

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Litecoin Mining: Everything You Need to Know

Litecoin Mining: Everything You Need to Know

While there have been a number of new cryptocurrencies that have attracted attention, none have come into the spotlight as much as the largest cryptocurrencies such as Litecoin (LTC)trade. In fact, there are talks that it may be the next big crypto thing after Bitcoin(BTC)trade. Maintaining its position in the top five digital currencies, Litecoin has gotten more fans now than ever, with many trying their hand at Litecoin mining. If you wish to get…

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At Long Last Bitcoin Gets A- Score from Weiss Crypto Rating

At Long Last Bitcoin Gets A- Score from Weiss Crypto Rating

Cryptocurrency investors, enthusiasts and fans alike now have a very good reason to be highly optimistic about the future of Bitcoin(BTC)trade based on a new rank given to the the largest cryptocurrency by Weiss Crypto Ratings. For those who are unaware, Weiss Crypto Rating is a provider of investment data and it is based in the United States. Since this investment data firm came into existence, this is the first time it will be upgrading…

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Leading Medical Charity Dementia Society of America Opens its Doors for Crypto Donors

Leading Medical Charity Dementia Society of America Opens its Doors for Crypto Donors

The Dementia Society of America (DSA) has just announced that it will start accepting a range of cryptocurrencies in donations going forward. The DSA started investing in Bitcoin and accepting Bitcoin donations all the way back in 2016. Now, they’ve added four more cryptocurrencies to the list and put out a press release announcing their plans regarding donations received in crypto. The DSA plans to hold 51 percent of all donations in crypto for at…

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Litecoin Payments Now Available on 40K US Stores via Flexa Network

Litecoin Payments Now Available on 40K US Stores via Flexa Network

Flexa payment network now supports Litecoin (LTC)trade for payment at every Flexa-enabled merchant in the United States. Flexa was launched in the US seven weeks ago and Litecoin is going to be the the fifth cryptocurrency added to the Flexa network. Recently, a number of partnerships have been announced which ultimately bring cryptocurrencies into mainstream use, allowing buyers and sellers to conduct business in crypto. Not only that but some of the largest organizations such…

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Litecoin Foundation Rolls Out its own Crypto Card with Bibox and Ternio

Litecoin Foundation Rolls Out its own Crypto Card with Bibox and Ternio

Among the recent developments in the crypto space include the creation of crypto cards that act and function as the traditional credit cards. Now, after the roll out of Coinbase crypto card, there is a new commanding player in this arena. In a post in its blog yesterday, the Litecoin Foundation announced with joy that it is happy to introduce a special edition Litecoin BlockCard that is proposed to function just like conventional credit cards…

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Litecoin Price Technical Analysis (June 12): A Correction After a Rally to Come?

Litecoin Price Technical Analysis (June 12): A Correction After a Rally to Come?

Litecoin (LTC)trade is currently trading at $138.13. The price is in a continuous uptrend which started after the formation of a morning star pattern at the support level. This is a bullish reversal pattern. The price is currently nearing its resistance of $142.38 after a strong rally with support at $131.68. It is suggested to wait for the price to cross the resistance level. Dow Theory According to Dow Theory, the digital coin is currently…

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Litecoin’s Upsurge to Get Stronger? “Sell Your House, Sell Your Car, Sell the Kids, and Buy LTC”

Litecoin’s Upsurge to Get Stronger? “Sell Your House, Sell Your Car, Sell the Kids, and Buy LTC”

Contrary to the weeping and gnashing of teeth experienced in the crypto market last year, 2019 has been surprisingly fruitful so far. Although we are just in the second quarter of the year, I guess it is yet safe to say that the crypto market started the year off in high spirits. And I mean that literally, as figures show that the prices of the top crypto coins are all in green. That is in…

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