Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Digital Money has declined 3.81% to $136.59.
InvestorsObserver is giving Litecoin a 14 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
Low Volatility
InvestorsObserver gives Litecoin a low volatility rank of 14, placing it in the bottom 14% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
LTC’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Litecoin price is favorably positioned going forward. With support around $129.76 and resistance around $143.15. This positions Litecoin with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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Why Is Ethereum Classic Shooting Higher Today Even As Bitcoin, Ethereum Turn Laggards? – Ethereum Classic – United States Dollar ($ETC)
by Editor
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Ethereum Classic (CRYPTO: ETC) traded 7% higher over 24 hours at $33.29 leading up to the early hours of Wednesday.
What’s Moving? The coin which retains the original Ethereum (CRYPTO: ETH) blockchain after a hard fork dating back to 2016 has shot up 11.5% for the week. Over 24 hours, ETC trading volumes rose 178%, according to CoinMarketCap data.
Against ETH, it moved higher 10.05%, while against Bitcoin (CRYPTO: BTC), it rose nearly 8%.
ETC has fallen 1.8% so far over the last 30 days, while it has declined 39% over a 90-day period.
Since 2022 began, ETC has slipped 1.9% in value. The cryptocurrency touched an all-time high of $176.16 in May last year. At press time it traded 80.8% below that level.
See Also: Ethereum Vs Ethereum Classic
Why Is It Moving? ETC was trading in the green at press time even though other major coins treaded red waters as the global cryptocurrency market cap shrunk 1.6% to $2 trillion.
Ethereum Classic was noted trending among retail investors on Stocktwits at press time. The coin was not included in the most mentioned coins on Twitter, according to Contrendz data.
ETC has fallen below the $40 support level, which is forming a new resistance for the cryptocurrency, Benzinga’s Tyler Bundy noted on Tuesday.
On Tuesday, the project linked with ETC retweeted a post from the handle “Classic is Coming” which noted that Decentralized Finance or DeFi on Ethereum Classic “has just begun to make its presence known.”
The tweet pointed to Hebe Swap, a decentralized exchange building on ETC.
Meanwhile, the Mystique Ethereum Classic upgrade is on schedule, as per a separate tweet from the project.
Mystique would enable the outstanding Ethereum Foundation London network protocol upgrades on the Ethereum Classic network in order to “enable maximum compatibility across these networks.”
Photo: Courtesy of Hamed3289 via Wikimedia
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Kevin O’Leary Believes Bitcoin Mining Will See Boom in Institutional Investment in Coming Years
by Editor
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Shark Tank investor and chairman of O’Shares and Beanstox Kevin O’Leary aka Mr. Wonderful has shared his plans to invest in mining company stocks, but with a specific focus on companies that use sustainable energy. During a recent interview, O’Leary shared a few interesting snippets of stories from his recent travels to the Middle East, where he looked for ways to invest in Bitcoin mining and also floated the idea of starting his own mining operation sometime later this year.
The Canadian businessman shared his plans in an interview with Anthony Pompliano, noting that Bitcoin mining will see huge capital inflows over the next two, three years. O’Leary says he’s been able to talk to investors across various jurisdictions, especially in the Middle East and the lesson learned from these travels is that a host of investors are looking at investments in Bitcoin mining through their sovereign funds.
While he predicts a majority of countries will eventually begin mining Bitcoin, O’Leary believes investors will want to look at ways in which mining activity supports environmental sustainability. He reasons that this is because funds will want to steer off recent controversy relating to Bitcoin mining and its adverse impact on the environment.
“Once a sovereign fund decides it is going to invest in Bitcoin, it’s going to want to mine it sustainably and ethically,” he said. He notes that ESG (Environmental, Social, and Governance) demands and other compliance issues are top of the list for these investors. Other than that, these non-financial factors are a part of his own considerations before investing.
It’s also the approach O’Leary will look to apply when deciding how he’s going to invest in the sector, he noted. The celebrity investor also revealed that he has for a long time envisioned running a crypto mining operation, noting that he would “probably do it in this calendar year.”
On what mining companies need to do to attract investors, O’Leary says regulatory compliance is a must. The companies also need to ensure they involve the local communities, with a proper and clear understanding of how some of the returns go back to the community.
He also noted that a lot of institutional capital will be flowing into crypto mining over the next couple of years, following the likes top existing mining companies like Marathon Digital Holdings, and Riot Blockchain.
Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
https://open.spotify.com/embed/episode/0Xw1AQIAUbzLdywRo26dUU?theme=0
source https://duchonsigns.wordpress.com/2022/04/07/litecoin-ltc-falls-0-04-underperforms-the-crypto-market/
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