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Bitmain rolls out Dogecoin and Litecoin mining equipment amidst China’s big mining crackdown

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Prominent crypto mining equipment manufacturer, Bitmain had been making immense news throughout the last two years following its shake-up in management. However, the mining company has made headlines yet again with its latest launches.

Bitmain’s saga became so well-known that the entire crypto-verse was talking about it. While the firm’s founders fought for a long time, they finally agreed to settle in December 2020. The dispute had little effect on the firm’s sales as most of the mining equipment was sold out for quite some time. Bitmain seemed to be doing well as it recently announced the launch of mining equipment for two more cryptocurrencies.

Bitmain launches L7 mining machine for DOGE and LTC

As per a recent tweet by Chinese crypto blogger, Colin Wu, Bitmain had unveiled the latest L7 minting machine used to mint Litecoin [LTC] as well as popular meme coin, Dogecoin [DOGE]. While the firm’s Bitcoin mining machines are a hit, the community awaits to see what the latest equipment had to offer.

Wu noted that the L7 machines were equipped with a hash rate of 9500MH/s along with 3425W. Priced at $15000 per unit, this product is yet to be made available, however, the delivery time for it is November 2021. He tweeted,

Being established in China’s capital, Beijing, Bitmain currently stands as the world’s largest Bitcoin mining pool. Recently, the Chinese authorities took down 26 mining farms in Sichuan. The officials even asked power generating platforms to retain from providing power to any crypto mining farms.

While China is undoubtedly eyeing the closure of all sorts of crypto platforms in the country, several mining farms were seen migrating to different regions. Bitmain, for instance, has already set up shop in various parts of Inner Mongolia. Several other platforms have sought a similar solution as the Chinese government intensifies its crypto mining regulations.

NASCAR driver Landon Cassill embraces crypto by accepting salary in Bitcoin and Litecoin

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Bitcoin [BTC] and Litecoin [LTC] go on a drive with NASCAR’s professional race car driver, Landon Cassill.

The popularity of Bitcoin [BTC] has been growing without a hurdle. Despite the downfall in its price, over the last couple of weeks, the asset managed to stay relevant. Several platforms continue to embrace and onboard the king coin. After, real estate, nightclubs, banks, and several other sectors cryptocurrencies have decided to venture into the racing industry. Taking a leap into the crypto-verse, a NASCAR driver revealed that he had opted to receive his salary in cryptocurrency.

NASCAR jumps onto the crypto wagon

The Associated Press recently reported that Landon Cassill would be garnering salary in Bitcoin and Litecoin as part of the sponsorship with Voyager, a prominent cryptocurrency brokerage firm. Elaborating on this, the CEO of Voyager, Steve Ehrlich stated,

“Landon Cassill’s focus and determination on the racetrack translates into everything he does. Landon also shares our vision for the widespread adoption of cryptocurrencies, and we are proud to be the first company to secure a primary NASCAR sponsorship entirely with crypto.”

The crypto firm has entered a 19-year sponsorship agreement with the NASCAR racer. While his portfolio would entail an array of cryptocurrencies, BTC and LTC would be a part of it. Cassill even went on to reveal that he has been investing in crypto for quite a while now and had even uploaded a Twitter profile picture with laser eyes.

Speaking about his interest in crypto, Cassill said,

“I can trade it right away before the market changes or hold on to it while the market goes up or down, take out a little, pay my bills with it and keep the rest. There are a handful of pilots who like crypto, but I am probably one of the ones who has been in this long enough and I am quite comfortable with how it works. “

This news was a clear indication of how Bitcoin was no longer in its nascent stage with regard to adoption. Additionally, at the time of writing, the king coin was trading for $37,844 while its market cap stood at $709 billion.

Litecoin [LTC] could be eyeing a trend reversal; LTC to $200?

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Litecoin [LTC] has always been hoarded as a lite version of Bitcoin [BTC]. With Bitcoin being digital gold, Litecoin has been regarded as digital silver over the years. However, LTC’s stay in the top ten was cut short by several coins that had entered the crypto-verse only recently. The disparity between LTC and BTC or even Ethereum [ETH] was high, both, in terms of market cap as well as price. Yet, the altcoin managed to secure notable gains during the recent crypto rally.

Just a month ago, LTC managed to push itself onto an all-time high of $412. Similar to every other coin, the asset’s gains were robbed by the bear pushing it down to $168.55, during the time of writing. The last 24-hours didn’t do the coin any good as it was seen enduring a 5.23% daily dip.

Additionally, the market cap of LTC was at $11.36 billion, at press time. LTC was seen taking over the 12th rank, not too far away from Bitcoin Cash [BCH].

Colored in red, the crypto-verse was seen losing out on all the gains acquired over the last couple of days. Bitcoin, at the time of writing, had slumped to $38K.

Litecoin [LTC] one-hour price chart on Binance

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The short-term price chart of LTC was rather negative. The Parabolic SAR indicator did not prolong its stay in the bullish arena. The indicator laid out a dotted line over the candlesticks blocking any imminent uptrends. The MACD line sunk below the signal line further insinuating a bearish crossover.

Complimenting the ongoing trend, the Money Flow Index indicator revealed that the LTC market was exhibiting a sellers’ sentiment.

Litecoin [LTC] one-day price chart on Binance

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Unlike its short-term chart, LTC’s one-day price chart noted the invasion of bulls. The Awesome Oscillator indicator laid out green closing bars pointing out a bullish momentum. Following this trend was the Klinger Oscillator that formed a bullish crossover. The Relative Strength Index, noted that LTC was in the sellers’ zone.

Litecoin [LTC] edges close to its three year high of $375

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While Bitcoin [BTC] brought down several assets, a few others rebelled and were seen traversing with the bull. Litecoin [LTC], Chainlink [LINK], and Bitcoin Cash [BCH] were all in high spirits. Dogecoin [DOGE] was, however, the star of the show. Not only did the coin climb up the crypto ladder but also recorded a significant rise in its price. Just as DOGE was aiming for $1 with a 42% rise in the last 24-hours, BTC was still stuck at $55K.

Despite being one of the earliest cryptocurrencies, Litecoin [LTC] remained below several currencies that entered the industry much later. The altcoin currently stands as the tenth-largest cryptocurrency with a market cap of $22 billion. Uniswap [UNI] wasn’t too far ahead giving LTC another chance to surge to the ninth position.

At the time of writing, LTC was trading for $342 with an 8% surge in the last 24-hours. The last seven days did aid in the asset’s recent price soar as it bagged gains worth 30.15%. The altcoin wasn’t too far from its all-time high of $375.29 that it achieved about three years ago.

Litecoin [LTC] One-Day Price Chart On Binance

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The one-day price chart of Litecoin [LTC] noted immense bullishness. The MACD line had taken over the signal line and went on to form a bullish crossover. This change was noted at the beginning of the month as the end of April was bleak for the altcoin. The Chaikin Money Flow indicator remained over the zero median, residing in the bullish arena.

The Bollinger Bands indicator pointed out limited volatility, however, the bands were seen diverging.

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The Money Flow Index indicator used in the one-day chart revealed a buyers’ sentiment, The Relative Strength Index indicator announced that LTC was being overbought as the marker was seen aiming for 80 median.

The persistence of this bullishness could help the altcoin reach its all-time high of $375.

Litecoin [LTC] To Encounter A Small Blip Before Its Big Breakout

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The entire crypto market was painted green. However, Litecoin [LTC], Bitcoin Cash [BCH] as well as Polkadot [DOT] were the only ones that were making the most of the ongoing bullish trend. The overall global crypto market cap was slipping down as it was noted at $2.21 trillion. Bitcoin [BTC] was trying to climb back onto $62K, despite its dainty price change in the last 24-hours.

Litecoin [LTC], despite being one of the earliest coins in the industry was seen all the way down at the ninth position. The altcoin’s market cap was noted at $20.57 billion, which was preceded by several other coins like Dogecoin [DOGE], Polkadot [DOT], and even Cardano [ADA]. The price of the altcoin was seen moving on the right track. During the time of writing, LTC was trading for $308.81. While its all-time high remains at $375.29, the persistence of the ongoing trend could restore hope in the community. Additionally, LTC was seen bagging gains of over 12% in the last 24-hours.

Litecoin [LTC] One-Hour Price Chart On Binance

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The short-term price chart of LTC revealed that the altcoin could be enduring a small blip. The MACD line slowly subsided below the signal line further forming a bearish crossover. The Klinger Oscillator mirrored this and also went on to form a similar crossover. The Money Flow Index indicator, however, pointed out a buyers’ sentiment in the LTC market.

Litecoin [LTC] One-Day Price Chart On Binance

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The one-day price chart of LTC seemed to be promising. The Bollinger Bands were wide apart which further prompted the indicator to suggest an increase in volatility in the LTC market. The Awesome Oscillator affirmed that this surge in the volatility could be beneficial for the altcoin as the indicator went on to form green closing bars. Furthermore, the Relative Strength Index indicator inclined towards a buyers’ market as its marker was up by the overbought zone.

Litecoin [LTC] Slides Below $200 As Sellers Exit Positions On Rallies

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Litecoin’s [LTC] tryst above $200 was short-lived, as the altcoin settled below following a fresh wave of correction on the 17th of March. The crypto-asset has managed to hold its fort among the top 10 coins in the leaderboard despite tumbling down to the ninth-spot.

Litecoin was in a highly volatile phase making the market more prone to selling pressure. Its price was turned down at multiple resistance levels. Over the past 24-hours, the crypto-asset was down by 1.12% which drove it to $197.9. In addition, LTC held a market cap of $13.16 billion and a 24-hour trading volume of $4.4 billion.

Litecoin [LTC] Daily Chart:

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Litecoin has withdrawn from yet another critical resistance point after forming a lower top depicting a profit-taking sentiment by the investors at the level. This essentially means that these entities were clearly exiting their positions at times of spikes.

Besides, the candlesticks are now closing in on the 50 DMA [Pink]. It is important for the LTC candles to manage to stay afloat above the moving average to target higher levels in the coming days. The 100 DMA [Blue], on the other hand, remained below the Litecoin candlestick arrangement as well as the 50 DMA.

The technicals posted a contradictory picture for the altcoin.

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The red closing bars of Awesome Oscillator flipped to bearish momentum following the market-wide pullback. The Chaikin Money Flow [CMF], however, noted a fresh uptick suggesting an inflow of capital as the crypto-asset made a bearish retreat close to a key support level.

The RSI, remained consistent with the token’s price action and slid down near to the 50-median line after forming a lower high. This indicated that despite the downward pressure, the bulls have managed to defend the crypto-asset’s price in the buy territory.

This, however, does not invalidate the volatility which could potentially push the value of LTC lower in the short-term thus reactivate the sell-pressure in the market.

The bears are trying to pull the price to retest lower level, in which case, support points such as $177 and $155 could be tested. If the price momentum switches in favor of the bulls, the resistance levels to look out for were $200, $226 and $256 respectively.

Litecoin [LTC] To Smoothly Surf Beyond $250 As Bulls Take Shelter

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The crypto market was sheltering both the bears as well as the bulls. While coins like Litecoin [LTC] and Uniswap [UNI] were headed upwards, others like XRP, Binance coin [BNB], Chainlink [LINK] were enduring a slump. The overall crypto market cap was noted at a high of $1.71 trillion.

Litecoin had finally figured out a way back over $200. At the time of writing, LTC was trading for $217.73 with a 5.10% rise in the last 24-hours. This entire week seemed beneficial for the altcoin as it secured profits of over 20%. The asset managed to retain itself in the top ten as its market cap was noted at $14.44 billion.

Litecoin [LTC] One-Hour Price Chart On Coinbase

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Both the bulls and the bears were putting on a show in the short-term price chart of LTC. The Parabolic SAR indicator revealed had persisted its bullish pattern throughout the last few days. The dotted lines below the candlesticks acted as a line of support against any potential downfalls. While this sentiment could help the coin hit $250, the MACD indicator was saying otherwise. The MACD line was below the signal line going in for a bearish crossover.

The Relative Strength Index indicator was up by the 60 median which suggested a buyers’ market in the LTC market.

Litecoin [LTC] One-Day Price Chart On Coinbase

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The bulls were swimming in the one-day price chart of Litecoin. The Awesome Oscillator had laid out dainty green closing bars. This further affirmed a bullish sentiment in the LTC market. The Chaikin Money Flow indicator was also delivering a bullish momentum with its marker over zero. Furthermore, all these signs suggested that LTC was heading towards $250.

The Money Flow Index indicator was exerting a buyers’ sentiment as the marker was over 60 median.

The short-term and the long-term charts of Litecoin pointed out that the bulls were in the market. However, the slight presence of the bears in the one-hour price chart could waver this growth.

Google Finance Adds ‘Crypto’ Tab featuring Bitcoin, Litecoin, Ethereum, Bitcoin Cash

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Times are definitely changing for Bitcoin and the crypto industry as the bull market continued to heat up.

Crypto has been in the limelight for quite some time. But thanks to the massive institutional capital, the space has finally received the much-needed legitimacy. In the latest development, Google Finance has added a crypto-dedicated field.

Google Finance is essentially a data site maintained by the tech giant, hence this development is crucial for the digital currency ecosystem. This was first reported by ‘Documenting Bitcoin’ which also revealed that the ‘crypto’ is placed right at the top of the page among five default markets such as the US, Europe, Asia, and Currencies.

Here, the users of the platform can compare the aforementioned markets. The tool offers a rundown of real-time as well as historical data for Bitcoin [BTC], Ether [ETH], Litecoin [LTC] and Bitcoin Cash [BCH] with just a click.

However, the information for other top cryptocurrencies such as Cardano [ADA], XRP, Binance Coin [BNB], Polkadot [DOT] was not available yet on Google Finance’s website.

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The latest move by the website which focuses on business news and financial information hosted by Google is no less than a milestone. It is indicative of the industry’s growing mainstream presence and demand for the latest information on the top coins in the market.

Crypto has come a long way

The industry has now entered mainstream usage. It is important to note that Google’s parent, Alphabet, owns one of the world’s most famous platform YouTube.

This video streaming platform had previously come under severe criticisms for banning virtual currency-focussed educational and news content. Several channels of prominent news platforms have been subjected to suspensions that have subsequently.

However, Google Finance’s move to enable users track the performance of various cryptocurrencies is a positive step as the asset class continued to witness massive investments from big institutional players and corporations.

Litecoin [LTC] And Binance Coin [BNB] Tussle To Hit $300 First

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Just as Bitcoin [BTC] came close to hitting $53K, all the other assets mirrored a similar trend. Litecoin [LTC], as well as Binance coin [BNB], were seen moving past $200 after quite a while. As Litecoin was trying to get close to its previous all-time high of $375, Binance coin was seen driving towards $300.

While all other assets were seen aiding the growth of the overall crypto market cap, Litecoin was seen trying hard to climb up the crypto ladder. The digital silver, LTC was seen occupying the eighth place with a market cap of $15.41 billion. At press time, LTC was trading at $232.43 with a dainty price change in the last 24-hours. Over the last seven days, LTC had garnered up to 25% gains helping the asset reach a high of $238.

LTC/USD One-Day Price Chart On Binance

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The one-day price chart of Litecoin exerted a bullish notion. The Parabolic SAR indicator with dotted lines below the candlesticks affirmed that the bulls were in the market. The MACD line had preceded above the signal line during the start of this month and this trend seemed to have prolonged. The Relative Strength Index indicator had been exhibiting a buyers’ sentiment throughout the month. At press time, LTC was seen up in the overbought zone.

BNB/USD One-Day Price Chart On Binance

Binance coin [BNB] had recorded an exceptional surge in the last couple of days. While the coin’s market cap hit $40 billion and took over as the third-largest cryptocurrency. At press time, BNB was surging by over 43% pushing the price of the asset to a high of $263.43.

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BNB was seen steering towards $300 and the bulls were seen supporting the altcoin. The Awesome Oscillator was seen laying out green closing bars suggesting the presence of bulls in the market. The Bollinger Bands indicator had diverging bands which suggested fluctuations in the altcoin’s price. The Money Flow Index indicator announced that BNB was being overbought.

Both LTC, as well as BNB, was seen over $200. While both these assets were aiming at $300, the question lies in which coin could hit the number first.

Litecoin [LTC] Could Be Aiming For $250 As Bulls Aid This Journey

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The bulls were seen raging the crypto market. Bitcoin (BTC) as well as Litecoin (LTC) the oldest assets were seen taking charge and spearheading the bull run. Both these assets struggled long and hard to move past prominent lines it resistance.  the market cap of the industry was seen pushing past a high of $1.50 trillion. Bitcoin was undoubtedly accounting for most of it. At press time, BTC’s market cap stood at $913 billion, still ahead of Tesla and Facebook.

XRP on the other hand seemed to have given up its spot as the fourth-largest cryptocurrency. Cardano (ADA) took over the altcoin’s fourth position, whereas Polkadot (DOT) captured the fifth position. Binance Coin (BNB) seemed to be the next in line to precede the troubled coin. 


Litecoin (LTC) was standing as the seventh-largest crypto asset with its market cap of $14.13 billion. At the time of writing, LTC was trading for a whopping $212.47. The altcoin’s push beyond $200 had been pursued a while now by the LTC community. Things seemed to be bright in the LTC market as the altcoin was surging over 7% in the last 24 hours. However, the question lies in the persistence of this trend. 

Litecoin [LTC] Three-Hour Price Chart

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The three-hour price chart of LTC suggested that the bears could hinder the altcoin’s growth in the short term. The Bollinger Bands indicator revealed that there would be limited volatility in the LTC market as the bands were diverging, The MACD line was below the signal line which announced the presence of bears. The Stochastic RSI indicator was seen exhibiting a buyers’ notion.

Litecoin [LTC] One-Day Price Chart

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The one-day price chart of LTC suggested that the bulls were still in the LTC market. The Parabolic SAR indicator with dotted lines below the candlesticks was seen holding the asset from plummeting below $200. The Awesome Oscillator had laid out green closing bars which pointed out at a bullish momentum. The Money Flow Index indicator was seen in the buyers’ arena.