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LTC decreased by 12.80% in the last 30 days in contrast to the previous pre-halving performance. If the 50 EMA flips the 20 EMA, then LTC might fall below $90 unless buying pressure increases. Long positions outweighed shorts, suggesting a bullish sentiment in the aftermath of the halving. As Litecoin (LTC), approaches its third halving event, discussions have risen on whether history will repeat itself in terms of price performance. For context, the halving happens every four years, and it’s a process where miners get rewards for validating transactions. Historically, LTC goes on a pre-halving rally before the price falls a few days after the event. According to CoinMarketCap, this was the case prior to the August 5 2019 halving. Around this period, LTC grew from $88 around July to trade above $120 on the halving day. LTC Is Not In Tune with History However, as one of the pioneering cryptocurrencies, LTC has not had the same move this cycle. As mentioned a...

Michael van de Poppe tweeted yesterday that XRP erased the losses of 15 months in just 24 hours. The analyst predicted that the long-term outlook for XRP may be positive. At press time, XRP was trading at $0.7065 after its price fell 0.51% over the past 24 hours. The renowned trader and analyst, Michael van de Poppe, praised the price performance of Ripple (XRP) following the positive outcome of its SEC lawsuit. In the post, the analyst revealed that the remittance token was able to erase losses of 15 months in just 24 hours after the verdict in what he calls a “bull breakout”. What $XRP did, is showing to you what a bull breakout does. Within a matter of 24 hours, losses of 15 months were erased. Allocate wisely, DCA, don't get influenced by friends and social media and simply hold. That's the key. — Michaël van de Poppe (@CryptoMichNL) July 30, 2023 Additionally, van de Poppe suggested that investors should allocate their capital wisely i...

The fourth-largest crypto ex change , worth $243 and with $37.5 billion in market capitalization, is looking forward to a short-term bullish wave. With this Analysis , traders and investors can prepare for a possibly brief rally to $252. advertisement BNB Price Nurtures H&S Pattern Breakout Based on the four-hour chart, BNB price has just broken out of an inverted head and shoulders (H&S) pattern. This is a bullish reversal signal that occurs after a prolonged downtrend in the price of a cryptocurrency. It indicates that the BNB sellers are losing momentum and the buyers are ready to take over. The inverse H&S consists of three consecutive lows, with the middle one being the lowest and the other two being higher and roughly equal, as shown on the four-hour chart. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List ...

Deaton highlights what he perceives as an attack on cryptocurrencies, particularly in the context of the SEC’s actions against Coinbase and Ripple. His remarks touched on various aspects, including the accredited investor rules, the SEC’s approach to crypto regulation, and its stance on retail investors in the Ripple case. advertisement Deaton’s Observations Deaton’s statement on Twitter reflects his belief that the United States operates under a system of corporate capitalism rather than a true capitalist system. He points out several aspects of the current financial landscape to support his claim. For years I’ve said we don’t exist in a true capitalist system. We have corporate capitalism in the U.S. Look at the accredited investor rules and how they discriminate against the working class. Look at the attack on Crypto and the attack on Coinbase which allows non-accredited… https://t.co/JVis3xw30f — John E Deat...

Ramp, a fintech company, announced its expansion into Brazil to accelerate crypto adoption across Latin America.  Ramp expands into Latin America The company has established a local entity in the Latin American region to expand its presence and offer users a secure platform for trading cryptocurrencies with various payment methods.  This move, Ramp said, is an important step towards their larger mission of making the web3 space accessible to everyone globally while also providing a seamless onboarding experience.  You might also like: Amazon expands service for developers to easily build web3 apps Furthermore, their expansion into Latin America presents opportunities for local web3 projects and international businesses looking to enter and succeed in the Brazilian crypto market. Ramp’s on-ramp and off-ramp products allow users to easily and quickly convert between digital currencies and fiat currencies. Developers can also integrate Ramp’s solut...

The attorneys have called out CFTC for its regulatory overreach. In their recent court filing, they wrote: “In this case, the CFTC seeks to regulate foreign individuals and corporations that reside and operate outside the United States — outstripping the limits of its statutory authority and treading on deep-rooted principles of comity with foreign sovereigns”. advertisement According to the filing, the CFTC’s first six charges do not apply to the foreign conduct mentioned in the case, and some of the charges do not meet the necessary legal standards required by law. The seventh charge, accusing Binance of evading the Commodity Exchange Act, should also be dismissed since the agency itself fails to meet the necessary requirements for such an accusation, as stated in the filing. The motion to dismiss the lawsuit reads: “There is no dispute that the CFTC has no regulatory authority over spot trading even in the United...

Yesterday, LINK was retesting the support level at $7.539 in anticipation of the FOMC announcement. At press time, LINK was worth $7.97 after its price surged by more than 6% over the past 24 hours. If LINK can close today’s daily candle above the $7.539 support, it may look to challenge the next major resistance level at $8.420. A promising retest was underway for Chainlink (LINK), showing considerable strength and potential, according to a Twitter post shared by renowned crypto trader, Michael van de Poppe yesterday. The question on everyone’s mind was whether this latest retest would yield different results. https://twitter.com/CryptoMichNL/status/1684179898468909057/\ The market was experiencing the pre-FOMC fear phase, where caution and uncertainty prevailed. Additionally, many experts anticipated that this apprehensive period will transition into a period of upward momentum after the FOMC concludes. This seemed to have been the case as man...

Also Read: US Fed Hikes Interest Rate By 25 Bps; Bitcoin Price Surges advertisement The central bank’s Federal Open Market Committee (FOMC) on Wednesday delivered a 25 bps rate hike decision, much to the expectation of the financial markets. Thanks to the market wide anticipation of the rate hike this time around, stock indices S&P 500 and Nasdaq, as well as the Bitcoin price showed little volatility after the decision was delivered on Wednesday. Powell: Rate Hike Possible In September More importantly, Powell said the Fed had not made a decision about any future FOMC meetings, when asked about plans on further rate hikes. “The intermeeting data came in broadly in line with expectations,” he added. He warned that there is a possibility that incoming economic data could force the Fed to raise interest rate again in the September 2023 meeting. Stating that the Fed would be careful about considering the inflation reading alone when d...