Crypto Analysis - Litecoin Price Running Out of Gas After Rally
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By CCN: The litecoin price has been one of the cryptocurrency market’s top performers in 2019, climbing a ridiculous 162 percent since the new year.
Among large-cap cryptoassets, only binance coin has performed better, and litecoin’s year-to-date rally leaves the bitcoin price’s 40 percent advance in the dust. However, one team of crypto analysts says the sixth-largest cryptocurrency looks poised for a sell-off.
Litecoin Price Likely to Crash Through Support – And That’s OK!
Writing in a note to clients on Wednesday, crypto brokerage BitOoda said that a downward wedge has begun to form on the litecoin chart, suggesting that the cryptocurrency could be on the verge of a short-term breakdown. That sell-off would likely cause the litecoin price – which currently holds near...
2020 Presidential candidate Tulsi Gabbard invests in cryptocurrency
US Congresswoman Tulsi Gabbard of Hawaii is running for president of the United States in 2020. In December 2017, Gabbard bought Litecoin and Ether at the height of the crypto bull market, according to federal filings.
“I have decided to run and will be making a formal announcement within the next week,” Gabbard tells CNN on Jan. 12 (see video below).
“There are a lot of challenges that are facing the American people…that I want to help solve.”
Gabbard: US Must Stay out of Mideast Wars
Gabbard says her main concern is to make sure that the US does not continue to intervene in ongoing conflicts in the Middle East.
Her other priorities include climate change, health care, and criminal justice reform.
There is one main issue that is central to the rest, and that is the issue of war and peace.
Gabbard, 37, is a fresh, energetic face on the American political scene. However, her chances of winning the Democrat Party’s nomination are slim, given the huge field of candidates.
For example, Senator Elizabeth Warren of Massachusetts is also running for president. Warren is a crypto critic who says the virtual currency market is full of scam artists.
Gabbard Bought Crypto at Height of Market
As CCN reported, Tulsi Gabbard bought $1,001 to $15,000 of Ether and Litecoin in December 2017. At the time, the bitcoin price soared to a record high of $19,500.
It’s unclear how much crypto Gabbard currently holds. However, it’s likely...
Litecoin’s Charlie Lee on the Crypto Bear Markets
Litecoin (LTC) creator Charlie Lee has dismissed short-term price trends as the upshot of “speculation,” stressing that long-term valuation is a truer measure of crypto’s success, in a CNBC interview August 27.
When asked to what extent price is a meaningful metric for a given cryptocurrency, and whether or not it reflects the current state of its network, adoption, or viability, Lee responded that:
“In the long-term, [price] tells us the success of cryptocurrencies, but short-term it doesn’t really tell us much. For example this year, there’s been so much adoption in Bitcoin and Litecoin, but their price has dropped 60-70 percent. It’s because it’s so volatile, it’s all about speculation these days, but in the future the price will reflect the success of the currencies.”
Lee noted that it was “hard to predict” when 2018’s bear market would turn, saying that having been in...