Hack en kryptovaluta lommebok fylt med Bitcoin for å bli ansatt av et cybersecurity firma

Red Balloon Cyber ​​Security Company bruker en unik måte å få sine neste rekrutter på. Selskapet ber potensielle kandidater om å knekke en kryptert harddisk før de får muligheten til å jobbe med sikkerhetsfirmaet.

I følge selskapets beskrivelse vil alle med “ferdighetene og lidenskapen” til å knekke harddisken bli tilbudt 0.1337 Bitcoin (BTC) eller rundt $ 4900 per pressetid.

Enhver søker som dekrypterer harddisken og hevder at BTC-midlene blir bedt om å kjøpe en billett for å reise til New York for rekrutteringsprosessen.

„Du må gjøre et litt uvanlig teknisk intervju: Låse opp en harddisk med Bitcoin,“ sa cybersikkerhetsfirmaet.

En unik rekrutteringsmetode som gir resultat

Administrerende direktør i Red Balloon, Ang Cui, kommenterte den merkelige rekrutteringsprosessen ved å si at hans selskap er et av de få firmaene som bruker det til å rekruttere arbeidsstyrken.

Ifølge ham tar firmaet en slik metode fordi det er et lite selskap og ikke har nok menneskelige ressurser til å bruke på å sortere og gå gjennom hvert CV. Så ideen er å bruke en smart og effektiv metode for å rekruttere en spesialisert teknisk ekspertgruppe.

Rekrutteringsmetoden registrerer en suksessrate på 1%

Cui la til at sikkerhetsfirmaet har sendt ut testinvitasjonen til alle som er interessert i den utlyste stillingen. Han sa også at bare svært få personer kunne skalere gjennom intervjuet, og påpekte at suksessraten bare var 1%.

Red Balloon la til 6 personer i arbeidsstyrken, noe som gjorde det til 29 ansatte som for tiden jobber i firmaet. Cybersecurity-firmaet ble grunnlagt i 2011 og hadde brukt denne rare intervju-metoden for å rekruttere noen av sine ansatte i en stund.

En kryptoentusiast hevdet nylig at han mottok en slik invitasjon og instruksjoner om å få tilbake Bitcoin Revolution for fem år siden på Twitter.

Noen andre sa også at Red Balloon hadde vært kjent for å bruke en slik rekrutteringsmetode. Noen av dem sa som en del av Decon Hacker Conference i 2017; sikkerhetsfirmaet ba programmerere om å dekryptere harddisker med Bitcoin.

I forrige måned utnevnte Red Balloon-sikkerhet David Doggett som seniorstrateg for sitt industrielle marked. Som team senior var rekrutteringsmetoden hans sannsynligvis ikke gjennom harddisken.

Sikkerhetsfirmaet hevder at det er en ledende utvikler av firmwarebaserte sikkerhetssystemer som beskytter innebygde enheter, inkludert automatiseringssystemer og elektriske systemer, fra forskjellige potensielle nettangrep.

Selskapets flaggskipprodukt, Symbiote Defense, er et forsvarssystem designet for innebygde enheter.

Red Balloon har mange andre produkter som hjelper kundene med å beskytte sikkerhetssystemene sine mot uønsket utnyttelse. Dette forklarer hvorfor firmaet bruker den unike metoden for harddiskkryptering for å rekruttere sin nye arbeidsstyrke.

eToro struggles to cope with unprecedented demand for cryptocurrencies

Victims of their success? Cryptocurrency-related services on the eToro exchange are seeing an unprecedented influx. So much so that the company issued a warning regarding the state of its Bitcoin (BTC) and altcoins stocks …

Cryptocurrencies: eToro faces unprecedented demand

The news has been relayed on the cryptosphere: eToro faces such high demand for cryptocurrencies that it cannot guarantee purchases for the coming weekend. In any case, this is the content of an email sent to eToro customers , which explains:

“We are facing unprecedented conditions when it comes to crypto markets, which has led to increased demand from eToro users, both old and new. […] We would like to alert you to possible limitations coming this weekend with regard to buy orders . “

The news is not entirely a surprise, as eToro’s chief marketing officer Brad Michelson said yesterday that the influx of new users has been colossal:

“Just in the last eleven days, eToro and eToroUS have opened 380,000 new accounts , and their cryptocurrency trading volume is 25 times higher than last year. “

Retail investors take to cryptocurrency

This of course shows that retail investors are in the midst of “FOMO” and are jumping into cryptocurrency with the hope of making significant gains. Responding to Mati Greenspan, a former eToro analyst, Adam Back also went with his little comment:

“Sold out, it’s funny. But in reality the price goes up, until the weaker holders sell. And there are sources from other exchanges, so you have a spread . Or someone with multiple accounts on multiple exchanges can opportunistically do arbitrage. “

A „bullish“ signe?

There is no doubt that eToro will probably find the necessary cryptocurrencies very quickly to provide them to these users. But the sign is particularly bullish: it shows that a mass of retail users are ready to buy Bitcoin (BTC) and cryptocurrencies , even as prices continue to climb to highs. In addition, we note that strong demand in the face of lower liquidity generally leads to a rise in prices.

What is certain is that Bitcoin (BTC) already seems set to ignore the correction it has experienced in recent days: it is currently close to $ 38,000 , with a capitalization that again exceeds $ 700 billion. .

Fatores-chave a serem observados de perto como Bitcoin Clamps $ 40.000

O Bitcoin quebrou $ 40.000 no dia 7 de janeiro, estabelecendo um novo recorde de $ 40.180, mas rapidamente fez uma correção para baixo após uma intensa rejeição de preço. Isso levou o big bull a fechar a um preço de $ 36.491.

O Bitcoin recuperou o ímpeto um dia depois e testou novamente seu recorde anterior, o que levou a criptomoeda a atingir outro preço de ATH de $ 41.946

Mais uma vez, o Bitcoin enfrentou rejeição e fez um movimento descendente para os níveis de $ 36.838, embora o Bitcoin Profit ainda tenha conseguido fechar em $ 40.000. Evidentemente, a pressão de baixa está se intensificando nos níveis de $ 40.000 e, a menos que os touros possam suportar o calor, o Bitcoin pode continuar a cair. Existem alguns fatores-chave aos quais prestar atenção conforme o Bitcoin revisita a resistência anterior.

Até o momento, o Bitcoin está sendo negociado a $ 40.894

O gráfico de negociação de 1 hora mostra que os touros são persistentes, já que o Bitcoin conseguiu permanecer na extremidade superior do nível de $ 30.000, embora analistas observem que os preços podem despencar e retornar ao nível de suporte de $ 36.000.

Enquanto isso, o Crypto-Twitter está ativo, como sempre, com suas cenas quentes. Travis Kling, o chefe de uma empresa de gerenciamento de ativos de criptografia, observou que uma correção maciça de preço, o que ele chama de „sexta-feira negra“, poderia causar muito rapidamente a grande alta negociada a US $ 20.000. Certamente, isso resultará em quedas massivas para investidores e comerciantes otimistas no mercado, os vendedores também podem continuar a vender sem parar, fazendo com que o Bitcoin negocie ainda mais baixo.

Compartilhando um sentimento semelhante estava o analista Joseph Young, que ironicamente previu que o Bitcoin nunca será negociado abaixo de US $ 20.000. O analista alertou que a venda de BTC em curso no fim de semana de investidores asiáticos pode causar uma queda significativa nos preços.

Bitcoin inventor Satoshi Nakamoto exposed through spelling weakness?

The guesswork around Satoshi Nakamoto goes into the next round in 2021. An analysis of the writing habits of the Bitcoin inventor provides new impetus.

More than 12 years after the Bitcoin whitepaper was published, the identity of its author remains a mystery

Now the Ungeared.com team also got involved in the speculations surrounding Satoshi Nakamoto. Because on December 31, a statistical study appeared there, which is related to Satoshi’s spelling.

The article responds to a line of reasoning that claims that Great Britain is the home of the Bitcoin inventor. Since some of the arguments put forward for this were based on Satoshi’s spelling, the authors decided to subject them to statistical examination. They made use of the fact that a number of words in American English are spelled differently than in British. In addition to the Bitcoin whitepaper, Satoshi’s well-known emails and blog posts were also the subject of the analysis.

The authors of the study were able to identify a total of 108 cases that are relevant to their concerns. With regard to the spelling, the following breakdown results: „American – 52, British – 35 and misspelled – 21.“ Satoshi thus uses both the American and the British spelling.

Moreover, there is no recognizable pattern according to which Satoshi switches between the two writing styles. The same word is sometimes found in British and then again in American spelling. Even within the same email, the Bitcoin inventor varies his spelling habit. Only when it comes to coding does he remain largely faithful to the American.

Where did the Bitcoin inventor come from?

The just mentioned inconsistencies seem to require explanation. For example, as one hypothesis, the authors suggest that the Bitcoin inventor is Canadian. Because the Canadian English mixes the spelling of the British and the American on some points. Since Satoshi mainly uses American coding for coding, it is also conceivable that he is actually British, but programmed in American English.

However, that doesn’t explain Satoshi’s misspelling either. It would be conceivable here that English is simply not the mother tongue of the Bitcoin inventor. (The authors do not consider this possibility.) The seemingly arbitrary switch between different spelling styles could also be explained in this way.

In the end, the results of the study leave more questions unanswered than answered. Could Satoshi Nakomoto be more of a collective than a loner, as is often assumed? It is also possible that the inconsistent spelling was a deliberately chosen strategy by the Bitcoin inventor to make the traces unrecognizable as much as possible. If so, even years after the white paper was published, Nakamoto is cheating on all Bitcoin archaeologists.

Coin Center will not support XRP against SEC

The DC think tank doesn’t see XRP like Bitcoin or Ethereum.

In the upcoming lawsuit against the US securities regulator, Ripple will not receive any support from some key people in the crypto lobby

Jerry Brito, the executive director of Coin Center , made it clear on Tuesday that his organization would not object that XRP is a security.

In response to a question about Coin Center’s work to keep XRP out of the SEC’s purview, Brito posted two articles in which Coin Center argued why Bitcoin and Ethereum are not securities. He pointed out that there was no such contribution for Ripple:

Coin Center is a non-profit advocacy and research group that supports the development of crypto-friendly policies. The organization began lobbying Bitcoin in 2014.

Ripple has been discussing with the SEC for years whether XRP is a security that should fall within the purview of securities regulators. Although Ripple has tried to differentiate itself from XRP , the company holds more than half of the total token offering. Many argue that XRP matches Howey’s test , which views securities as any type of investment where profits are dependent on the work of a third party.

The SEC lawsuit against Ripple was announced by CEO Brad Garlinghouse, who asked the public for their opinion on Twitter on Monday

The XRP course has been in free fall since Garlinghouse made the lawsuit public. The third largest cryptocurrency by market capitalization fell below $ 0.50 and posted a double-digit decline in percent.

According to Garlinghouse, a SEC listing is not the end of the world for Ripple or XRP. He told the Pomp Podcast last month that „more than 90 percent of RippleNet customers are outside of the United States .“

Such a determination would then require US investors to complete a broker-dealer registration with the SEC in order to hold XRP. That would be a possible barrier to acceptance.

The popular term „HODL“ turns 7 years old

The digest with the results of December 18 is prepared together with the guys from Moni. If speed is important for you, you can read the news online in our Telegram-channel. If you want to keep your hand on the pulse, subscribe to our email list and get the digests straight to your email.

The number of Bitcoin millionaires increased by 150%

Analyst service Glassnode reports a surge in addresses storing more than 50 BTC, or, in dollar terms, more than $1 million. The figure rose 150% to 66,540 addresses.

By the way, this makes all early bitcoin miners who mined at least one block (when the reward was just 50 BTC) millionaires.

Today is the anniversary of HODL!

HODL is one of the most popular memes on the crypto market. It means „hold cryptocurrency, don’t sell“. This meme appeared on this day back in 2013, when after the market crash one crypto-enthusiast wrote a thread „I AM HODLING“ in a slightly unsober state.

He wrote that „there are cool traders who know how to catch the lows and lose on the highs, and he’s a bad trader. But he is not a sucker who will sell his bitcoins to good traders in a panic. That’s why he „walks.“

This meme gained cult status almost instantly. Then the acronym „Hold On for Dear Life“ was added to it. And here’s a link to that iconic thread.

DeFi transaction volume exceeds $270 billion in 2020 – DappRadar

The DappRadar portal has released its annual report with the results of the year in the field of decentralized applications. Key takeaways from the report:

  • DeFi app transactions exceeded $270 billion in 2020, a figure that grew more than 12-fold over the year;
  • Throughout the year, there was an influx of funds into the Ethereum ecosystem. The growth of ETH/BTC from 0.018 BTC to 0.028 BTC is a clear indicator of this.
  • Yeald Farming is one of the important reasons for the growing popularity of DeFi protocols.
  • 87% of the total DeFi transactions were made by users of just ten projects.
  • NFT sector showed moderate growth this year, perhaps the growth will continue next year.
  • Among the main limitations of Bitcoin Cycle ecosystem development was named the problem of scalability. One of its signs is expressed by a significant increase in the average price of gas.
  • DappRadar analysts expect DeFi applications to be the main driver of the crypto economy in 2021.

Coinbase may pour into FTX before IPO

FTX CEO Sam Bankman-Fried said his team plans to offer futures on Coinbase as soon as they get clarity from regulators.

FTX is currently in talks with Munich-based financial firm CM-Equity to get regulatory clarity from authorities outside the U.S. on whether and how trading can launch. FTX first partnered with CM-Equity for compliance reasons when it launched tokenized stock trading in October.

As a reminder, FTX also recently launched Pre-IPO Airbnb trading a day before it listed on NASDAQ.

You can sign up for FTX at our link and get a 15% discount on trading commissions.

Who’s leading the Battle?

The situation in the Battle of the Portfolios is changing very dynamically and rapidly. One day I was in the top, and a couple of hours later I was already in 808th place.

Now Augur (REP) and Hegic are in the lead, but no one knows what will happen next. Where are you now?

P.S.: For those who want to know what’s going on with Akash Network and consequently what will happen with our prizes in AKT tokens, you can watch the live stream with CEO @gosuri and CTO @abozanich.

Stream starts in an hour – at 20:00 (Moscow time) at this link.

Sergey (ICO Drops) – about Narnia, Taleb and big money

It’s a very interesting and somewhat educational interview that will be of interest to old-timers and newbies alike.

If you like the content we create, subscribe to our YouTube channel. It’s very motivating to keep going!

Analysten sagen, dass Mnuchins vorgeschlagene Selbstverwahrungsregel keinen Einfluss auf den Bitcoin-Preis haben wird

Analysten debattieren, ob die neue Regel des US-Finanzministers über selbstverwaltete Geldbörsen die aktuelle Hausse gefährden könnte.

In dieser Woche berichteten verschiedene Medien, dass der US-Finanzminister Steven Mnuchin darüber nachdenkt, ob eine Gesetzgebung für selbstverwaltete Wallets eingeführt werden soll oder nicht.

Dies führte dazu, dass einige Analysten und Krypto-Experten darüber spekulierten, ob dies Auswirkungen auf Bitcoin und das aktuelle bullische Momentum haben würde, das die Krypto-Preise nach oben treibt.

Die Bedrohung durch neue, auf den Krypto-Sektor fokussierte Regulierungen ist ein glaubwürdiges Ereignis, das sich in der Vergangenheit negativ auf die Krypto-Preise ausgewirkt hat, aber dieses Mal gibt es ein paar Gründe, warum die vorgeschlagene Regel wahrscheinlich nicht zu einem Bitcoin-Preis-Crash führen wird.

Die Möglichkeit einer Regulierung ist im Krypto-Markt eingepreist

Anfänglich äußerten Führungskräfte der Branche große Bedenken, als Coinbase-CEO Brian Armstrong mitteilte, was er über die geplante Regel gehört hatte.

Diese Sorgen wurden verstärkt, als Circle-CEO Jeremy Allaire Ryan Selkis sagte, dass die mögliche Regulierung für den gesamten Kryptowährungssektor schädlich sein könnte. Die Kommentare der beiden Branchenschwergewichte führten dazu, dass die gesamte Branche vorsichtig gegenüber dem geplanten Regelvorschlag wurde.

Jüngste Berichte deuten jedoch darauf hin, dass die Regel verlangen könnte, dass mehrere Transaktionen, die 10.000 US-Dollar pro Tag entsprechen, von Finanzinstituten gemeldet werden müssen. Verglichen mit den anfänglichen Gerüchten über die Regel, ist sie wohl weniger streng, als es den Anschein hatte. In der Tat sagen einige Experten, dass die vorgeschlagene Regel der bestehenden FATF-Reiseregel ähnlich ist.

In Anbetracht der Tatsache, dass die Regel weniger restriktiv sein könnte als die ursprünglich geplante Regelung, und der Tatsache, dass der Markt genügend Zeit hatte, darauf zu reagieren, ist es möglich, dass der Markt sie zu diesem Zeitpunkt eingepreist hat.

Welchen Weg kann Mnuchin einschlagen?

Es gibt zwei Hauptwege, die Mnuchin einschlagen könnte, um die Regulierung der selbstverwahrten Brieftasche einzuführen. Erstens könnte er den konventionellen Weg der Regelsetzung gehen, der eine Anhörung und eine 30-Tage-Frist erfordert.

Wenn Mnuchin den konventionellen Weg wählt, müsste der Vorschlag noch diese Woche veröffentlicht werden, bevor die aktuelle Amtszeit des Präsidenten zu Ende geht.

Alternativ könnte Mnuchin einen „guten Grund“ anstreben, um die Verordnung zu verabschieden. Dies würde Mnuchin erlauben, den Prozess zu beschleunigen. Jason Civalleri, ein Anwalt, sagte:

„Außerdem gibt es eine Ausnahme für den Fall, dass eine Behörde einen ‚guten Grund‘ dafür angibt, dass die Anforderungen an die Bekanntmachung/öffentliches Verfahren ‚undurchführbar, unnötig oder dem öffentlichen Interesse zuwiderlaufend‘ sind. Eine mögliche Anwendung dieser Ausnahme ist zum Beispiel, wenn sie benötigt wird, um eine Pandemie zu stoppen. Das Finanzministerium müsste also artikulieren, warum es diese Anforderung aus „gutem Grund“ überspringen möchte. Vielleicht kann es zum Beispiel zeigen, dass ein außergewöhnliches Ausmaß an kriminellen Aktivitäten durch die frühe Implementierung der neuen Regel verhindert wird. Scheint unwahrscheinlich, aber vielleicht?“

An diesem Punkt ist es wahrscheinlicher, dass Mnuchin den konventionellen Ansatz wählt. Um die Methode des „guten Grundes“ zu nehmen, müsste er genügend Beweise finden, um zu beweisen, dass Krypto signifikante kriminelle Aktivitäten sieht.

Daher bleibt die Wahrscheinlichkeit, dass die vorgeschlagene Regel in den kommenden Tagen eingeführt wird, am höchsten, was für Bitcoin optimistisch wäre. Matt Odell, ein Bitcoin- und Datenschutz-Befürworter, sagte:

„Der Block spekuliert, dass die US-Regierung einfach verlangen wird, dass Börsen Bitcoin-Abhebungen größer als $10k melden. Ich habe bereits angenommen, dass sie das tun tbh. Die Bedenken, die Armstrong und Davidson äußerten, schienen viel Schlimmeres zu erwarten. Vielleicht hat die öffentliche Besorgnis geholfen. Very bullish if true.“

Robert Kiyosaki sugiere comprar más Bitcoin ahora

Liderando la criptografía, Bitcoin ha alcanzado otro máximo anual por encima de los 16.000 dólares.

Robert Kiyosaki sugiere comprar más Bitcoin ahora, ya que el dólar americano sigue bajando.

Las inversiones de Bitcoin han crecido tanto en verde desde los últimos meses, ya que la cripto-moneda líder comenzó un rally alcista, que ya era esperado por muchos BitQT desde el tercer evento de reducción a la mitad. El jueves, la cripto-moneda superó el nivel de precios de 15.000 dólares, estableciendo otro máximo anual de más de 16.000 dólares. En medio del crecimiento, el famoso autor de „Padre rico, padre pobre“, Robert Kiyosaki, cree que ahora es un buen momento para comprar Bitcoin, siguiendo la caída del valor del dólar americano (USD).

„El tren se está moviendo“, dice Robert Kiyosaki

Mientras Bitcoin sigue mostrando un mayor impulso de precios, el fundador de Rich Global LLC y la compañía Rich Dad reconocen que la criptodivisa líder está venciendo a los activos tangibles de larga duración, el oro y la plata. Como la cripto moneda supera al metal amarillo, Robert Kiyosaki dijo que el desarrollo significa comprar más Bitcoin en este momento. A juzgar por el correo de hoy, el autor de Padre Rico y Padre Pobre parece confiado en que la cripto-moneda está en camino de hacer más.

Además de Bitcoin, Kiyosaki también sugirió comprar oro y plata para mantenerse alejado del dólar americano, tras el descenso del valor de la moneda. Opina que lo que importa actualmente es la cantidad de Bitcoin, Oro y Plata que posee la gente y no el precio en la moneda fiduciaria.

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El boom de Bitcoin golpeando el oro y la plata. ¿Qué significa eso? Significa que es mejor que compres todo lo que puedas ahora. El tren se está moviendo. Dólar muriendo. La plata sigue siendo asequible para todos. Cuando el dólar cae lo que cuenta no es el precio sino cuántas monedas de oro, plata o Bitcoin tienes.

La oleada de Bitcoin pasó de 16.000 dólares

Desde este año, Robert Kiyosaki animó a los inversores a mantener Bitcoin entre otros activos, como una opción para escapar de la crisis financiera. En agosto, recomendó invertir en cripto moneda para evitar una crisis bancaria inminente. También, en mayo, predijo que Bitcoin valdría unos 75.000 dólares en los próximos tres años.

Actualmente, la criptodivisa cotiza al precio de 16.246 dólares en Coinmarketcap en el momento de escribir este artículo.

Modig browser giver nu brugerne mulighed for at købe BCH direkte på bitcoin.com

Brugere af Brave browser kan nu købe kryptoaktiver som Bitcoin Cash direkte fra deres browser. Dette blev gjort kendt i en erklæring frigivet af grundlæggeren af ​​Bitcoin.com, Roger Ver, der annoncerede partnerskabet på sit Twitter-håndtag .

Brave browser er en open source-browser, der fokuserer på at hjælpe sine brugere med at holde deres data og deres browserhistorik privat

Browseren kaldes populært „privatlivscentreret“, og den har i øjeblikket over 5 millioner aktive daglige brugere.

Browseren tilføjede en widget af Bitcoin.com på sin grænseflade, som ville gøre det muligt for millioner af sine brugere at få adgang til webstedet direkte og også give dem mulighed for at foretage et direkte køb af kryptoaktiver uden de sædvanlige besvær, der kommer med en gennemsnitlig webbrowser.

Denne nye funktion ville være tilgængelig for brugere i flere lande. Brugere i lande som Storbritannien, Australien, New Zealand, Canada, Rusland og også brugere i EU har let adgang til websiden.

Mange entusiaster af Bitcoin Cash har hyldet denne nye udvikling som velgennemtænkt og historisk. Meddelelsen genererede også masser af positive anmeldelser på Reddit forum r / BTC, hvor mange brugere af forummet troede, at denne nye tilgængelighed i høj grad ville hjælpe Bitcoin Cash og Brave browser.

Teknologiske virksomheder som Brave browser, der driver kryptooptagelse og accept

Teknologiske virksomheder som Brave browser, PayPal , Square og en lang række andre begynder at bringe vedtagelse og accept af kryptoaktiver til mainstream.

PayPal meddelte for nylig, at det ville give brugerne mulighed for at nyde kryptotransaktionsfunktioner, når de bruger deres betalingsgateway-system. Og denne funktion ville være tilgængelig for deres internationale brugere inden 2021.

Square har derimod også valgt at gemme en procent af sine samlede aktiver i Bitcoin. Dette skyldtes troen på, at BTC kunne bruges som et værdilager, og det er ikke tilbøjeligt til devalueringen, som fiat-valutaer er åbne for.

Litecoin jumps 18% blocking gains over $55

Litecoin records biggest gains as crypto market gets optimistic with PayPal adoption news

Litecoin (LTC) is trading higher in the day, jumping over 14% in the last 24 hours. Litecoin’s bullish momentum accelerated after an initial peak of 11% soon after payment processing company PayPal announced its support for cryptomorphs.

Cryptomoeda has overcome several obstacles, climbing from a low of $46 to a high near $56.50.

The price of the LTC against the US dollar is currently around $55.50, up 5% on the day and over 18% in the previous session. Overall, the price of Litecoin has risen 14% in the last 24 hours. The LTC is also performing well against the BTC, with the pair up over 9% in the last 24 hours.

According to Asset Dash, a platform that tracks and ranks global assets by market capitalization, Litecoin’s $3.66 billion valuation pushed it to 71 positions at 1,306 globally. CoinMarketCap ranks LTC as the eighth largest cryptomeda behind ChainLink, which has a market value of $4.3 billion at the time of writing.

Technical Analysis: LTC/USD
The daily chart sees the LTC/USD pair trading above the simple Bitcoin Code moving averages of 50 and 100 days. This is the first time the pair has been traded above the moving average in over a month. If the bulls maintain these levels, the bullish trend will likely take the pair above $60.

Daily Chart LTC/USD. Source: TradingView
The outlook over this time period suggests that slight resistance is expected at $59.42. The area is close to the 78.6% Fib retracement level of the swing low, from $62.87 high to $44.63 low. A breakout above this area highlights the next hurdle around $64.79.

The MACD level (12, 26) is flashing buy signals at 0.94, but the RSI is currently trending inside the neutral zone. This suggests that while the bulls maintain the advantage, the short term picture may involve a pullback to prices below $55.

LTC/USD 4-hour chart. Source:TradingView
On the 4-hour chart, the RSI is trending higher, but has not yet extended too far. If this happens, it is likely to get in the way of bulls‘ plans as prices fall to accommodate an influx of selling pressure. However, MACD is still optimistic, indicating that any potential retreat into the LTC/USD pair may not be catastrophic for the bulls‘ plans.

If bears establish a firm position, healthy support around SMA50 and SMA100 levels suggests that bulls may still be strong enough to withstand the downward pressure.