LTC Mining Difficulty Skyrockets, Crypto Daily TV 27/6/2023

Litecoin mining difficulty skyrockets

Litecoin sees mining difficulty reaching a new value of 26 million at blocks 2 million as Bitcoin records a similar situation. Analyst predicts a bull run for Litecoin and other cryptos amid the possible approval of some Bitcoin Exchange-Traded Fund applications.

Ether’s hazy status inhibits rally

US regulatory uncertainty surrounding Ether is damaging the token’s performance compared with a recent rally in Bitcoin. The ambiguity stems from whether the US SEC will add Ether to a growing list of digital assets it deems to be unregistered securities, a designation that can make the tokens harder to trade, compared to Bitcoin’s  commodity status.

FTX bankruptcy team says exchange owed customers $8.7 billion

A new report from the FTX team that’s digging through the financial guts of the failed exchange said the company owed its customers $8.7 billion after commingling and misusing their deposits, and senior executives started hiding that trouble as early as August 2022.

BTC/USD fell 0.9% in the last session.

The last session saw the Bitcoin drop 0.9% against the Dollar. The ROC is giving a negative signal. Support is at 29901.6667 and resistance at 31349.6667.

The ROC is currently in negative territory.

ETH/USD plummeted 2.3% in the last session.

The Ethereum-Dollar pair plummeted 2.3% in the last session. The ROC is giving a negative signal. Support is at 1838.871 and resistance at 1959.571.

The ROC is giving a negative signal.

XRP/USD dove 2.6% in the last session.

The Ripple-Dollar pair dove 2.6% in the last session. The Ultimate Oscillator is giving a negative signal, which matches our overall technical analysis. Support is at 0.4759 and resistance at 0.5046.

The Ultimate Oscillator is currently in negative territory.

LTC/USD plummeted 1.3% in the last session.

The Litecoin-Dollar pair dove 1.3% in the last session. The MACD is giving a positive signal. Support is at 84.8733 and resistance at 92.0733.

The MACD is giving a positive signal.

Daily Economic Calendar:

US Durable Goods Orders

The Durable Goods Orders measure the cost of orders received by manufacturers for durable goods, which means goods that should last three years or more, excluding the transport sector. The US Durable Goods Orders will be released at 12:30 GMT, the US Nondefense Capital Goods Orders at 12:30 GMT, the US Consumer Confidence at 14:00 GMT.

US Nondefense Capital Goods Orders

The Nondefense Capital Goods Orders measure the cost of orders received by manufacturers for capital goods, which are durable goods used in the production of goods or services.

US Consumer Confidence

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.

FI Consumer Confidence

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.  Finland’s Consumer Confidence will be released at 05:00 GMT, Finland’s Industrial Confidence at 05:00 GMT, Italy’s Business Confidence at 08:00 GMT.

FI Industrial Confidence

The Industry Confidence shows the opinion of manufacturing executives regarding production expectations, order books, and finished goods inventories.

IT Business Confidence

The Business Confidence is a survey of the current business conditions. It indicates the short-term performance of the overall economy.

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.