Latest news with #Litecoin
Yahoo
7 hours ago
- Business
- Yahoo
Litecoin Defies Market Pressure as It Holds Key $87.50 Support Level
Litecoin (LTC) is showing signs of strength in the face of a shaky global economy. The cryptocurrency held firm at the $87.50 level through multiple tests, defending a price floor that traders now see as critical, according to CoinDesk Research's technical analysis data model. This comes as markets respond to ongoing trade tensions and monetary policy uncertainty from major central banks. At 07:00 , Litecoin surged to a 24-hour high of $89.76—a 3% jump from its session low—before facing strong resistance near the $89 mark. Volume spiked during that move, peaking at 273,699 in a signal that investors were watching this level closely. The price later dipped below support at $87.60, dropping to $87.53 on a sharp 1% hourly decline, but quickly rebounded. This recovery, which saw a potential double bottom formation, was accompanied by a burst in volume, hinting at buying interest. Even amid the price volatility, Litecoin has preserved its upward channel—a sign the bullish trend remains intact. For traders, this means the market is still betting on higher prices, despite headwinds from inflation fears and shifting economic policy.
Business Upturn
3 days ago
- Business
- Business Upturn
PAIRMiner Launches $150 Cloud Mining Incentive as Institutional Bitcoin Holdings Reach Historic Levels
Amid a surge in institutional Bitcoin investments, PAIRMiner introduces a free cloud mining offer to make crypto access easier for everyday users . Image by PAIRMiner LOS ANGELES, May 31, 2025 (GLOBE NEWSWIRE) — Cloud mining platform PAIRMiner today announced the launch of a $150 cloud computing power incentive for new users , a move aimed at expanding access to cryptocurrency mining as Bitcoin adoption accelerates globally. The announcement comes as major institutional investors continue to increase their exposure to Bitcoin. Recent reports indicate that large-scale accumulations—such as the one attributed to MicroStrategy founder Michael Saylor's firm—have pushed institutional Bitcoin holdings to record highs, signaling strong confidence in the long-term value of the cryptocurrency. In this context, PAIRMiner's new user incentive seeks to lower the barriers to entry for everyday individuals looking to participate in crypto mining without the need for technical equipment or expertise. 'We believe the future of cryptocurrency should be inclusive,' said a spokesperson for PAIRMiner. 'By providing an accessible, hardware-free mining solution, we're helping more people benefit from the evolving digital asset economy.' New users who register on will receive $150 in free cloud computing power, allowing them to begin mining immediately. Users can earn cryptocurrency through daily automatic settlements and have the option to reinvest or withdraw once their cumulative profits reach $150. PAIRMiner is registered under FCA oversight and supports multiple leading cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The platform also features a referral program that rewards users for expanding the network, aligning with its community-focused growth model. Choose a suitable mining contract and start to get a stable daily income. With Bitcoin prices hitting new highs and global institutions expanding their crypto portfolios, PAIRMiner aims to bridge the gap between professional mining and everyday participation. About PAIRMiner Founded in 2009, PAIRMiner is a cloud-based cryptocurrency mining platform committed to making digital asset earning more accessible. The company leverages advanced infrastructure and user-friendly tools to provide secure, low-barrier mining services globally. PAIRMiner operates under financial regulatory supervision and supports multiple mainstream cryptocurrencies. Media Contact:HeindrovaPAIRMiner [email protected]
Finextra
3 days ago
- Business
- Finextra
Flexa and Nexus Wallet bid to bring Litecoin spending to the real wold
Flexa, the leading digital payment network, and Nexus, the new decentralized wallet redefining asset management from the Litecoin Foundation, are making spending Litecoin in the real world easier than ever. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Through a new integration with the Flexa SDK, Nexus Wallet users can now enjoy instant, secure payments at over 41,000 locations across North America, turning their digital assets into seamless purchasing power. By embedding Flexa's advanced payment infrastructure into Nexus Wallet, the partnership delivers a seamless way for Nexus Wallet users to pay with digital currencies. Whether buying groceries, dining out, or shopping for essentials, transactions are processed instantly and securely, eliminating the friction typically associated with digital payments. 'Flexa is pushing relentlessly toward a future in which digital asset payments are a seamless part of everyday life,' said Daniel McCabe, co-founder and CEO of Flexa. 'This new integration with Nexus Wallet empowers users to unlock the true utility of their digital assets—no barriers, no compromises—while giving merchants a trusted solution that just works. Together, we're turning the promise of digital payments into a reality for millions.' This integration allows Nexus Wallet to take full advantage of growing merchant acceptance of digital currencies, bridging the gap between innovative blockchain technology and real-world spending. In turn, merchants who enable Flexa benefit from guaranteed settlement and zero chargebacks, simplifying the process of accepting digital payments and driving the broader adoption of digital assets. 'Our collaboration with Flexa marks a significant milestone in our mission to empower users with seamless and secure digital asset management,' said Loshan T, Lead Developer of Nexus Wallet. 'By integrating the Flexa SDK, we're enabling our users to effortlessly utilize their digital assets for everyday transactions, bridging the gap between digital holdings and real-world spending.' Flexa and Nexus Wallet's collaboration signals a significant step forward in the adoption of digital payments. Together, they are shaping a future where digital currencies are seamlessly integrated into everyday commerce, offering users and merchants a fast, secure, and practical payment solution.
Yahoo
3 days ago
- Business
- Yahoo
Litecoin Price Prediction - What could affect LTC's future price?
Litecoin price prediction remains neutral to bullish mid-term, as ETF prospects and favorable technical patterns offer upside, though near-term bearish momentum tempers optimism. Key catalysts will be crucial for sustained growth. - ETF Approval Odds: 68%+ chance for a spot Litecoin ETF in 2025 could unlock $400M+ inflows. - Technical Breakout: Bullish pennant pattern suggests a potential 39% surge to $137–$150 if $98 support holds. - Regulatory Clarity: SEC's ETF decision by October 2025 and CFTC's commodity classification reduce regulatory risk. Spot ETF Momentum: Grayscale's Litecoin Trust (LTCN) trades at a 6% discount to NAV, with analysts projecting approval by October 2025. A successful ETF could mirror Bitcoin's post-ETF trajectory, attracting institutional capital. BitcoinOS Integration: ZK-rollup deployment via LitVM enables trustless cross-chain swaps with Bitcoin and Ethereum, boosting Litecoin's utility in DeFi and RWA markets. Key Levels: Immediate support at $94–$98 (13M LTC accumulated here). A break above $105 resistance could trigger a rally toward $137 (Fibonacci 161.8% extension). Momentum Metrics: RSI at 47 (neutral), but MACD histogram negative (-1.14) signals short-term bearish pressure. The 50-day SMA ($89.10) acts as a critical floor. Altcoin Season: The CMC Altcoin Season Index remains in 'Bitcoin Season' (score: 22), but Litecoin's low correlation to BTC (+0.65) positions it to outperform if capital rotates. SEC Scrutiny: Delays in ETF approvals create uncertainty, but Litecoin's non-security status (per CFTC) and established UTXO model make it a regulatory 'safe bet' compared to newer tokens. Litecoin's price hinges on ETF approvals, technical breakout validation, and broader altcoin market trends. Watch for a close above $105 to confirm bullish momentum, while a drop below $94 risks a retest of $81. Will Litecoin's ZK-rollup adoption outpace regulatory delays to drive its next leg up? Litecoin price prediction leans cautiously bullish, as traders and analysts cite ETF speculation and technical breakouts, though resistance around $105 and ongoing regulatory delays limit short-term upside potential. - ETF momentum: 90% approval odds for a Litecoin ETF by October 2025. - Technical patterns: Ascending triangles and a 7-year symmetrical triangle suggest potential rallies to $110–$150 if key resistances break. - Regulatory delays: SEC's postponed ETF decisions and profit-taking at $105 have caused recent pullbacks. Bullish sentiment dominates due to Litecoin's ETF prospects, with analysts citing parallels to Bitcoin's ETF-driven rallies. However, short-term traders express caution after LTC failed to hold above $105 (May 14–20), triggering a 7% correction to $89.97. The Fear & Greed Index at 61 ('Greed') reflects mixed risk appetite. ETF catalysts: Grayscale's John Hoffman sees a $400–500M inflow potential post-approval, while Valkyrie's CIO calls LTC 'the next ETF to launch.' Technical thresholds: Traders eye $110 as a breakout zone (last tested in March 2025), with $85–$90 acting as critical support. The RSI at 53 suggests room for upward momentum. Macro factors: Fed rate stability and US-China trade détente are seen as tailwinds, per May 15–23 analysis. Bloomberg's Seyffart: 'Approval is a matter of when, not if,' targeting October 2025. CoinPedia: Projects a 2025 high of $231 if ETF approval and Bitcoin's rally align. Bear case: A May 21 AMBCrypto report warns of a drop to $75 if LTC loses $85 support, citing weak Golden Cross signals. Litecoin's narrative hinges on ETF approvals and Bitcoin's market dominance, with technicals favoring bulls above $85. Could a successful ETF launch in Q4 2025 propel LTC to retest its $412 all-time high, or will regulatory delays extend consolidation? To get the latest update on LTC, visit our Litecoin currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Bitcoin Is Surging, but Not All Cryptocurrencies Are a Safe Investment. Here Are 3 to Avoid
Dogecoin is still a highly speculative meme coin with little chance of ever repeating its performance of 2021. Cardano, once viewed as a high-end Ethereum challenger, is having trouble gaining traction and currently trades for less than $1. Litecoin is still languishing well below its all-time high from 2021, and may not get its much-anticipated spot ETF until the end of 2025. 10 stocks we like better than Dogecoin › After a brief decline in March and April, Bitcoin (CRYPTO: BTC) is back. It's now up more than 12% for the year, and hit a new all-time high of $112,000 on May 22. Historically, a rally in Bitcoin has led to a rally across the entire crypto market. That's the good news. The bad news is that not all cryptocurrencies are going along for the ride. Here are three that I'm avoiding for now. Even after a stunning 24% rally during the past 30 days, Dogecoin (CRYPTO: DOGE) is still down 33% for the year. And, if you zoom out, things look even more worrisome for Dogecoin. Ever since it hit an all-time high in May 2021, this meme coin has never been the same. Dogecoin now trades for a paltry $0.21, and shows no signs of ever hitting the $1 mark. In fact, in more than a decade, Dogecoin has never traded higher than $0.74. Moreover, the best potential catalyst for Dogecoin price appreciation in 2025 -- Elon Musk's establishment of the Department of Government Efficiency (DOGE) -- now seems to be fading away. While there was never any link of any kind between DOGE the cryptocurrency and DOGE the government entity, the two somehow got blended together in the minds of many investors. If exciting things are happening at DOGE, exciting things are supposed to be happening for DOGE. That's the way meme coins work -- they're all hype and buzz, but no substance. Musk famously referred to himself as "The Dogefather" in 2021, and has hinted on social media on more than one occasion that he would be bringing big things to Dogecoin. These hints intensified after he acquired Twitter (now called X). But now we can safely put that narrative to rest. Cardano (CRYPTO: ADA) is another cryptocurrency that got a lot of buzz during the previous altcoin rally in 2020-2021. But it has also struggled to do anything during the past four years. Cardano is still trading for less than $1, years after it hit an all-time high of $3.10 in September 2021. Granted, there are glints and glimmers of a big Cardano comeback, but I just don't see it happening anytime soon. Even Charles Hoskinson, the founder of Cardano, has admitted as much. As he sees it, Cardano is "stuck." It's just having too much difficulty gaining any sort of traction. Cardano was supposed to be the heir apparent to Ethereum (CRYPTO: ETH) as the premier Layer 1 blockchain network in the world. However, it has now been passed by other blockchain rivals, including Solana (CRYPTO: SOL). Finally, there's Litecoin (CRYPTO: LTC), which briefly reigned as the top-performing cryptocurrency of 2025. It did so on the basis of the expectation that it would become the first major cryptocurrency to get a new spot exchange-traded fund (ETF) in early 2025, similar to the ones created for Bitcoin in January 2024. But, alas, that looks like it's not happening anytime soon. According to industry ETF watchers, the soonest that the Securities and Exchange Commission is likely to approve a spot Litecoin ETF is now fourth-quarter 2025. Unfortunately, tariff uncertainty and the resulting macroeconomic confusion could force the SEC to put off any ETF approvals for the foreseeable future. Litecoin has been an underperformer for years. It's now trading 77% below its all-time high from May 2021. By way of comparison, cryptocurrencies such as Bitcoin have been soaring to new all-time highs. So, if you're absolutely salivating at the opportunity to invest in Litecoin at a "bargain" price below $100, might I suggest Bitcoin instead? Full disclaimer: At one time or another, I've held all three of these coins in my crypto portfolio. Each time, I've been burned and disappointed. All of them have promised game-changing innovations and the potential for huge price gains. But have they delivered? No. In fact, all three of these cryptocurrencies are trading well below their historical highs. All of them continue to underperform Bitcoin, the market bellwether. And all of them show little sign of turning things around anytime soon. As a result, you can safely avoid Dogecoin, Cardano, and Litecoin if you are looking to optimize your portfolio returns in 2025. Before you buy stock in Dogecoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Dogecoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Dominic Basulto has positions in Bitcoin, Cardano, Ethereum, and Solana. The Motley Fool has positions in and recommends Bitcoin, Cardano, Ethereum, and Solana. The Motley Fool has a disclosure policy. Bitcoin Is Surging, but Not All Cryptocurrencies Are a Safe Investment. Here Are 3 to Avoid was originally published by The Motley Fool
