Will Litecoin be the next cryptocurrency to steal the spotlight? According to Peter Brandt, this could definitely happen.
The legendary trader notes that the O.G. altcoin has formed an inverse head-and-shoulders pattern.
Litecoin
A breakout from the aforementioned formation could take LTC to its Feb. 20 high of $247, says Brandt.
However, he also warns that head-and-shoulders patterns could “fail” or “morph.” The current one would be invalidated in case of a drop below the $180 level.
Litecoin is currently trading at $194 on the Binance exchange after spiking over three percent. source link

Crypto opponents have long become common and expected “noises” thundering in the darkness. In fact, most of these crypto and Bitcoin bashers only do so to shore up their own investments in other assets. One of them is Peter Schiff who happens to be a big stakeholder in propping Gold.

With Bitcoin currently posing a serious threat to Gold as the de facto choice for the store of wealth, it’s clearly understandable that Peter would want to make it as unappealing as possible for his Twitter followers to buy Bitcoin while making Gold look great. Source link

On Saturday, February 27, 2021, news.Bitcoin.com reported on the great number of 2010 and 2011 block rewards being spent this year. In that report, it was said that the mysterious whale entity we’ve been hunting “did not move a major string of bitcoin’s” since January 25. Following the publishing of that study, on Sunday, the old-school whale miner moved another 20 block rewards from 2010, as 1,000 bitcoins that sat idle for well over a decade were spent. Source Link

90 days on from trading at $508 on the price charts, Ethereum, the world’s largest altcoin, was valued at $1,482, at the time of writing. Over the past few months, ETH’s price has risen multifold due to a hike in investment flows and the altcoin rally that began in January 2021. In fact, the launch of Ethereum Futures on the CME has also contributed to the same, with the recent increase in trading activity emerging as evidence for that. source link

Ethereum traded to a new all-time high near $2,040 before correcting lower against the US Dollar. ETH price is trading nicely above $1,850 and it is likely to continue towards $2,000.

ETH price climbed higher steadily and it surpassed the main $2,000 resistance against the US Dollar.
The price is trading nicely above the $1,850 level and the 100 simple moving average (4-hours).
There is a key bullish trend line forming with support near $1,860 on the 4-hours chart of ETH/USD (data feed via Kraken).
The pair is likely to continue higher above the $1,980 and $2,000 levels in the near term. Source url

Peter Schiff, a well-known economist, gold proponent, and one of the most vocal opponents of Bitcoin, admitted that he was wrong about Bitcoin not hitting $50,000.Bitcoin’s Price Hits $50K For the First Time in History
For the absolute first time since its inception, Bitcoin has hit the coveted $50,000 mark. The price has since retraced a bit but is still charting an increase shy of 3% on the daily. This has also brought the 7-day gains of BTC to about 7%.
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The Ethereum 2.0 or Eth2 staking contract now holds over 3 million ether (ETH), worth more than $5.3 billion at current prices.

The contract continues to grab deposits, meaning more people are staking their ETH holdings to earn rewards. Just around two months ago, the address held around 1 million ETH.

Anyone can stake their ETH to earn rewards up to around 23%. However, all stakes can only be withdrawn when Phase 1.5 of Eth2 goes live — sometime in 2022.
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