LTC Transactions Hit All-Time High, Crypto Daily TV 10/5/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=r8-uwSpmsRE

LTC transactions hit record high

Transactions on the Litecoin blockchain have surged to all-time highs as the meme coin frenzy and subsequently high fees on the Bitcoin network send crypto users scrambling for alternatives. Number of transactions reached over 500 000 daily

Bittrex files for bankruptcy

Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission. The exchange believes it has more than 100,000 creditors.

Ether staking deposits top withdrawals

More than 200,000 ether have been deposited to the network since the start of the week, data from the on-chain analytics tool Nansen show, marking the first time deposits have outpaced withdrawals since Shapella went live last month.

BTC/USD made a minor downwards correction of 0.1%.

The Bitcoin-Dollar pair made a minor downwards correction in the last session, dropping 0.1%. According to the CCI, we are in an oversold market. Support is at 26524.3333 and Resistance is at 29270.3333.

The CCI is signalling an oversold market.

ETH/USD traded sideways in the last session.

Ethereum-Dollar price remained largely unchanged in the last session. The RSI’s negative signal is in line with the overall technical analysis. Support is at 1778.5233 and Resistance is at 1917.9033.

The RSI is currently in negative territory.

The last session saw XRP drop 0.7% against USD.

Ripple fell 0.7% against the Dollar in the last trading session. The Williams indicator indicates an oversold market. Support is at 0.3889 and Resistance is at 0.4711.

The Williams indicator is signalling an oversold market.

LTC/USD skyrocketed 2.4% in the last session.

The Litecoin-Dollar pair skyrocketed 2.4% in the last session. The RSI’s negative signal is in line with the overall technical analysis. Support is at 70.2933 and Resistance is at 88.9133.

The RSI is currently in the negative zone.

Daily Economic Calendar:

UK 10-y Bond Auction

The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors’ outlook on future interest rates. The UK’s 10-y Bond Auction will be released at 09:30 GMT, the US Consumer Price Index Core at 12:30 GMT, the UK’s RICS Housing Price Balance at 23:01 GMT.

US Consumer Price Index Core

The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy.

UK RICS Housing Price Balance

The RICS Housing Price Balance survey presents housing costs. It shows the strength of the housing market.

US Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. The US Consumer Price Index will be released at 12:30 GMT, Finland’s Industrial Output at 05:00 GMT, and Germany’s Consumer Price Index at 06:00 GMT.

FI Industrial Output

The Industrial Output shows the volume of production of industries, i.e., factories and manufacturing.

DE Consumer Price Index

The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.