For Bitcoin: “It will be the opposite of what is expected, beware of the data!”

 Glassnode's analysis indicates that the market may be at a turning point, highlighting a significant money shift from long-term Bitcoin holders to new investors. Glassnode tracks the movement of assets held by long-term investors through the “HODL Wave”. The data shows a significant shift in BTC ownership.

While the sale of assets by long-term investors typically points to a bear market, Bitcoin analyst Phillip Swift offers a different perspective. Swift believes that the recent influx of money from new investors has created a favorable environment for price increases.

This estimate reflects a view that is actually quite opposite to current ideas. However, he draws attention to the potential of changing dynamics in the market to produce a positive result, and is based on the view that new investors can be important. However, it is not possible to understand whether these predictions will be valid or not. As a result, he argues that the recent downtrend may be a temporary setback and has the potential to reverse prices with increased demand from new investors.

How many Litecoins are there?

 How many Litecoins are there?

Initially, 84 million units were produced. It is not affiliated with any centre. Litecoin Blockchain produces blocks faster than Bitcoin Blockchain.

Where is Litecoin ranked?

Current CoinMarketCap ranking #21, market cap ₺77,012,540,131 TRY. The circulating supply is 70,965,406 LTC coins and is at its maximum level.

Who is behind Litecoin?

While developing Litecoin, Lee kept it technically similar to bitcoin and as simple as possible. In this way, it can easily integrate bitcoin updates and close vulnerabilities quickly. While Bitcoin is backed by the great Satoshi Nakamoto, Litecoin is backed by former Google engineer Charlie Lee.

What will Litecoin be in the future?

 How much was LTC at most?

What was the highest price for Litecoin? Litecoin hit an all-time high price of $410.26 on May 10, 2021 (more than 1 year).

What will Litecoin be in the future?

LTC, which fell below $ 40 in 2020, exceeded $ 380 in 2021, providing a significant return to its investors. In the decline in 2022, Litecoin dropped to $50 levels. For 2023, 2024 and beyond, the most important issue in the future of Litecoin is the growth of the usage rate of the blockchain.

Litecoin is a decentralized blockchain of choice for peer-to-peer payment. Litecoin, which allows to transfer crypto money with low transaction fee, technically has the same code base as Bitcoin. The open source blockchain project is not affiliated with any company or institution. Developed in 2011, the cryptocurrency is among the top 25 cryptocurrencies in terms of market capitalization.

After being developed in 2011, Litecoin was traded at $2 in 2015, while in the bull trend of 2018, it saw $350. LTC, which fell below $ 40 in 2020, exceeded $ 380 in 2021, providing a significant return to its investors. In the decline in 2022, Litecoin dropped to $50 levels. For 2023, 2024 and beyond, the most important issue in the future of Litecoin is the growth of the blockchain usage rate. If LTC continues to stand out with a digital asset transfer model, this could positively impact the LTC price. In the future of Litecoin, another important factor is of course the trend in Bitcoin and the market in general. A possible bear or bull market could affect the LTC price.

A critical decision for crypto mining from Kazakhstan after 2023

 The Central Asian country recently experienced a major crisis regarding crypto mining. Mining activities had almost come to a halt due to the energy shortage in the country. Now the President of the country has made an important decision.

Kazakhstan President Kassym-Jomart Tokayev has approved new tax rates for crypto miners. Tax authorities have been instructed to charge miners up to $0.052 per kilowatt hour (kWh) as of January 1, 2023.

Currently miners pay a flat fee of just over $0.002 per kWh consumed. After a winter of crypto mining power outages, the government has decided to force Bitcoin (BTC) and crypto miners to pay more.

Since energy prices tend to fluctuate throughout the year, this means that as electricity prices rise in the country, miners' tax bills will also increase.

Solana can finally break the downtrend! However, there is one point to be noted.

 Solana, one of the favorite altcoins in the cryptocurrency market, is trading at higher prices ahead of the Jackson Hole Symposium. SOL price could continue to rise until Friday morning.

Solana can finally break the downtrend! However, there is one point to be noted.

Cryptocurrencies in general may experience a drop over the weekend. Hence, they can start Monday with new lows.

Solana (SOL) price is being taken over by forces in the global markets as investors begin to lower trading volume ahead of the big event on Friday afternoon. With one of the most important Fed statements to be made by Jerome Powell at the Jackson Hole Symposium, weak liquidity offers a small window of opportunity to trade higher.

There will be warnings for investors to exit these positions before the announcement is made, as the Fed is not yet close to ending its aggressive tightening cycle and will dampen the positive mood in the markets with losses in hand for cryptocurrencies.

SOL price could crash 30% in a few minutes

Solana price is trading higher, gaining over 3% during the European trading session. However, the altcoin price is emerging from the bearish triangle that seems set to break below the monthly pivot, reaching $34 on Wednesday. Right now the bears are a bit stuck. Hence, a higher rally towards $40 could be seen. However, the timeframe is quite narrow.

Cardano stands above critical support! Is the ascension imminent?

 Cardano (ADA) is showing bullish signs on its weekly timeframe, while trading within a neutral pattern with a bearish daily.

ADA has been falling ever since it hit an all-time high of $3.10 in August 2021. ADA fell to $0.40 in May 2022. The price then bounced, but failed to initiate a significant upward move.

The daily chart shows that the price has been trading inside a symmetrical triangle since the May 12 low. Such triangles are considered neutral patterns, meaning both a breakout and a collapse remain valid possibilities.

However, the triangle emerges after a downward move, so an eventual breakout would be more likely. Also, the daily RSI has broken out of an ascending support line (green line) and is currently below 50. So, unlike the weekly time frame, which gives a bullish outlook, the daily time frame is bearish.

Due to the presence of the triangle, the most probable number of waves indicates that the price is in the fourth (black) wave of a five-wave downward move that started from an all-time high.

A drop below $0.43 (red line) will confirm this number, while a rise above $0.59 (green line) will invalidate it.

The famous investor is analyzing what will happen in cryptocurrencies in the coming months.

Senior investor Peter Brandt has something to say about the next generation of traders. Seeing that investors are moving away from Bitcoin and altcoins, the analyst weighs what will happen in the coming months.

 

  Peter Brandt calls out to Bitcoin investors, says what's going to happen in the coming months Crypto analyst Peter Brandt is among those who think the current generation of traders is all about money. According to him, most investors lack plans to trade or recover capital.

  The new generation of traders “buy to get to the moon and lose their hard-earned money as a result”. So Brandt likens these traders more to gamblers who don't know the fundamentals of the markets and how to protect their capital.

 The current market crash has caused many people to talk about the future of the industry represented by investors and analysts. Over the years, many crypto enthusiasts have emphasized the importance of following experts even in the face of adverse market conditions. These fanatical investors are called maximalists. For example, Bitcoin is the most popular cryptocurrency among maximalists. To this class of investors, cryptos are not just about money, they are an asset about technology and the future. 

 “Now, that mentality seems to be changing with the next generation of traders. This thesis belongs to popular investor Peter Brandt. In a tweet, Peter explains that for every generation of traders, there is always a eureka moment when they realize what really matters to them. In this sense, existing investors don't care any more about protecting their capital.