Just In: BitMining Introduces Next Generation Miners for Dogecoin and Litecoin
Cryptocurrency mining company BIT Mining has announced the launch of advanced more recent version of its Dogecoin (DOGE) and Litecoin (LTC) mining machine dubbed LD4. BIT Mining already operates some LD series of ASIC mining machines that were designed by the company and work specifically on the DOGE and LTC blockchain. They offer high hash rates and energy efficiency.
BIT Mining Limited Announces the Next Generation of Litecoin/Dogecoin Mining: LD4
The LD series of ASIC mining machines developed by BTCM are specifically designed for mining on the DOGE and LTC blockchains with peak hashrate and energy efficiency.
Biggest Movers: LTC, LINK Rebound on Monday, Despite Crypto Market Red Wave
Litecoin rose marginally higher to start the week, despite cryptocurrency markets mostly trading lower on Monday. The global crypto market cap is down 0.15% at the time of writing, as volatility remains high. Chainlink also moved higher in today’s session.
Biggest Movers: DOGE Sellers Scupper Rebound, as LTC Remains Near 3-Week Low
Dogecoin rebounded from Wednesday’s drop, with the meme coin briefly climbing back above $0.090 in today’s session. However as the day progressed, bearish sentiment heightened, with price declining. Litecoin was also down today, and continues to trade near a multi-week low.
US Litecoin Visa Cards to Stop Its Services From May 1, 2023
The Litecoin Foundation has announced that it will stop issuing Litecoin Visa cards in the US due to restrictions from banking partner Metropolitan Commercial Bank. The bank has decided to restrict its support for businesses involved with digital currencies, causing Unbanked HQ, which provides the cards, to transition away from MC Bank NY. The BlockCard Visa Prepaid Card will stop working from May 1, 2023, but the announcement does not affect Unbanked's prepaid Mastercard, which is available for UK and EU customers. Despite the news, Litecoin's market value has not seen a significant drop, with LTC trading at $101.53 at the time of writing.
Biggest Movers: LINK Jumps to 6-Month High, LTC Back Above $100
Chainlink rose to a six-month high in today’s session, as crypto markets moved back into the green on Tuesday. Markets were buoyant following stronger than expected Chinese growth data, with the global market cap up 0.45% as of writing. Litecoin also climbed, hitting a two-month high in the process.
LTC Looks Ready For Another Leg Higher Over $105
Litecoin (LTC) has formed a support base above the $95 level against the US Dollar, and is now trading above $98 and the 100 simple moving average (4 hours). A key bullish trend line is forming with support near $100 on the 4-hour chart of the LTC/USD pair, and immediate resistance is near the $103 zone, with the next major resistance near the $105 level. If there is a clear break above the $105 resistance, the price could continue higher toward the $112 and $115 levels. However, if LTC fails to clear the $105 resistance level, there could be a downside correction, with initial support on the downside near the $100 level and the trend line. The next major support is forming near the $98 level or the 76.4% Fib retracement level, below which there is a risk of a move toward the $95 support. Technical indicators show bullish momentum gaining pace in the MACD and the RSI above the 50 level. (newsbtc)
Biggest Movers: SOL 15% Higher, as LTC Hits 5-Week High
Solana was up by as much as 15% on Tuesday, as momentum in cryptocurrency markets shifted higher. The global crypto market cap is up by 4.42% at the time of writing. Litecoin was another notable mover, as the token rose to a five-week high.
Biggest Movers: DOGE Extends Declines on Thursday, Falling by Nearly 9%
Dogecoin was one of Thursday’s biggest movers, as the meme coin fell by as much as 9%. The decline comes as market sentiment begins to shift, following huge gains to start the week. Litecoin was also in the red today, with prices hovering near the $90.00 level.
Bitcoin Reclaims $28K After Enhanced Volatility, Litecoin Up 15% Weekly
Bitcoin’s price went on a rollercoaster in the past few days following the Fed’s latest interest rate hike but has calmed around $28,000 as of now.
