🚀 Litecoin (LTC) Soars to 2-Month High! 🚀
- **Price Surge**: Litecoin jumped 7.2% to $71.52 on Oct. 16, marking its highest price since July. This rally reflects a 15% increase from its monthly low.
- **Market Cap**: LTC's market cap surged from $4.6B to $5.36B.
- **Futures Market**: Open interest for LTC futures hit $170M, indicating strong investor demand.
**ETF Filing Fuels Rally**:
- **Canary Capital**: Filed for a spot Litecoin ETF with the SEC, boosting investor confidence.
- **Market Sentiment**: Crypto fear and greed index shifted from 38 to 77, signaling optimism.
**Technical Analysis**:
- **Bullish Reversal**: LTC broke out of a descending channel, with analysts predicting a climb to $100.
💬 Share your thoughts in the comments! What’s your take on Litecoin’s future?
Sonic Labs, previously known as the Fantom Foundation, announced on Tuesday via X that CrossCurve will be launching on the Sonic blockchain. This development marks a significant step for Sonic Labs as it seeks to expand its ecosystem. However, the broader market sentiment remains cautious.
Regulatory scrutiny continues to intensify globally, casting a shadow over the future of blockchain innovations. Additionally, the volatility in cryptocurrency markets has led to increased skepticism among investors. While new projects like CrossCurve offer potential, the overall outlook for the industry remains uncertain amidst these challenges.
Notcoin — Analysis & Trade Setup 🔥
→Chart Analysis
NOT trades in a falling wedge pattern, which is typically considered a bullish reversal pattern. A breakout to the top should send the price to the previous high at $0.23 or higher.
NOT has also formed a clear bottom at 0.007 and is currently approaching the wedge’s and the price resistance (~0.01)
→ About + Tokenomics
CoinMarketCap Rank: 78
Market Cap: 850M
Volume 24h: 250M
Total Supply: 102B
Circulating Supply:102B
Chain: Notchain
→ Technical Indicators
MACD: Bullish 🟢
RSI: Neutral 🟢
VMA: Bearish 🔴
Triple EMA: Price trades between EMAs 🔵
ADX: 16, indicating no trend 🔴
→ Trade Setup
- Entry: For a safe entry, we should wait for the price to a) break out of the falling wedge pattern and b) move above the resistance at ~0.0015
- Target 1: $0.017 (~60%)
- Target 2: $0.023 (~110%)
- Stop Loss: If the price has already retested the wedge breakout, you can go for a stop loss below the resistance. If a retest has not happened yet, it might be better to go for a stop loss below the wedge’s upper trendline.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,797,100,566 #USDT (1,798,076,391 USD) transferred from unknown wallet to #Binance
This significant movement could influence the market. Keep an eye on the price action!
#CryptoNews #Binance #USDT #MarketWatch
Leading asset manager Grayscale has filed for a new exchange-traded fund (ETF), this time for its fund containing multi-coins, including XRP.
Crypto investors are bracing for the first multiple-coin fund after Grayscale filed to convert one of its long-standing investment vehicles, containing assets like Bitcoin and XRP, to an ETF. According to a Tuesday filing, Grayscale has filed to convert its Digital Large Cap Fund to an exchange-traded fund.
On October 15, the NYSE submitted the 19b-4 filing to the US Securities and Exchange Commission in Grayscale’s stead. If approved, the exchange will list and trade the ETF, providing investors with exposure to multiple digital assets in one fund.
#XRP #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V #CryptoNewsUSA
🚀 Exciting News for ETH Stakers! 🚀
Kraken has just launched Ethereum restaking through EigenLayer! This new feature allows users to secure decentralized applications (dApps) with their staked ETH while earning extra rewards.
🔹 Users can now restake ETH via Kraken, supporting Ethereum's security and other dApps, known as Actively Validated Services (AVSs).
🔹 Rewards are issued in AVS tokens, which may include EIGEN and others.
🔹 Kraken’s subsidiary, Staked, will act as the validator for restaked ETH.
Get started with a verified Kraken Pro account and ETH in your balance. Share your thoughts in the comments! 💬
𝗖𝗿𝘆𝗽𝘁𝗼 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗣𝗼𝘀𝘁 🔥
Breakouts are crucial indicators in trading, signaling potential shifts in market trends. Here are the main types:
1. Bearish Strong:
- Occurs when the price breaks below support, indicating a strong downward trend.
2. Bullish Strong:
- Happens when the price breaks above resistance, suggesting a powerful upward trend.
3. Bearish Break & Retest:
- Involves breaking below support and then retesting the level, confirming the bearish move.
4. Bullish Break & Retest:
- Involves breaking above resistance and then retesting the level, confirming the bullish move.
Understanding these breakout patterns can help you anticipate market movements and make informed trading decisions. Stay alert and strategic!
$BTC $ETH $BNB
#CryptoTrading. #BreakoutStrategy #CryptocurrencyCulture #marketanalysis. . #CryptoEducation💡🚀
$BTC TECHNICAL ANALYSIS .
The percentage has again gone to retest the level of the global ascending divergence zone, the pressure on the level continues, the alt immediately reacted to such a movement with a correction, I assume that extra passengers are being disembarked, I am closely monitoring the situation.
Greed in the market is developing at a tremendous speed, in 24H they rose by 8 points and now the index is at 73 points of greed, the market quickly heated up, I suppose because of the expectation of the alt season, traders seeing the growth of BTC flew into alt fat, thereby quickly heated up the market greed index, the market will not let you earn so easily, I think they will cool down now + perhaps we will go into a flat channel, I am closely watching the situation.
Have a nice day everyone 🚀
#Bitcoin❗ #TrumpDeFi #MemeCoinTrending #USStockEarningsSeason #GrayscaleConsiders35Cryptos
Market Turmoil Strikes.. $205 million liquidations
Over the past four hours, the crypto market has been rocked by liquidations totaling $205 million! Out of this amount, a staggering $158 million came from long positions, blindsiding traders expecting upward momentum. This sudden cascade was set off by strategic moves from major market whales, whose high-volume trades caused significant price swings, leaving smaller investors scrambling to adjust.
The actions of these whales highlight the unpredictable nature of crypto markets, where even a slight shift can have outsized impacts. For traders operating without solid risk management, these market ripples can quickly become costly lessons. Volatility is the name of the game, and being unprepared is a surefire way to get caught off guard.
So, what’s the smart play in such a turbulent environment? Always stay vigilant and avoid overconfidence in any single market direction. Flexibility and careful position sizing are essential to survive these unpredictable waves. Successful trading isn’t about guessing the future—it’s about staying disciplined and managing risk effectively at every turn.
Follow Golden Lion Trading to stay ahead of the curve with real-time updates and actionable insights. With market conditions this volatile, having the right information at the right time is your best defense against unpredictable movements. Stay informed, stay sharp, and navigate the ever-changing seas of crypto with confidence..
#LiquidationHeatmap #LiquidationFrenzy #BTCUptober #10MTradersLeague
🚀 Big News in the Crypto World! 🚀
Praxis, an “internet-native alliance,” has secured a whopping $525M to build a crypto-centered city with fewer regulations for tech leaders. 🌐
- **Funding Details**: Major backers include Arch Lending, Manifold Trading, and GEM Digital, which pledged $500M.
- **Crypto Tokens**: Praxis will issue tokens representing future real-estate ownership, to be listed on a public exchange.
- **Location**: Potential sites in Latin America and the Mediterranean.
- **Goal**: Create an “Acceleration Zone” for rapid tech advancements.
What do you think about this ambitious project? Share your thoughts below! 💬
Alchemy Pay has announced a strategic partnership with Yellow Card, a leading pan-African fintech company. Yellow Card, which operates in 20 countries and has processed over $3 billion in transactions, aims to leverage this collaboration to enhance its crypto payment solutions across the continent.
This partnership comes at a time when the global regulatory environment for cryptocurrencies is tightening, raising concerns about the sustainability of such ventures. The increasing scrutiny from regulators worldwide could pose significant challenges to the growth and adoption of crypto payment solutions.
Market sentiment remains cautious as stakeholders await clearer regulatory frameworks. The collaboration between Alchemy Pay and Yellow Card, while promising, must navigate a complex and evolving landscape to achieve long-term success.