Cryptocurrency mining company BIT Mining has announced the launch of advanced more recent version of its Dogecoin (DOGE) and Litecoin (LTC) mining machine dubbed LD4. BIT Mining already operates some LD series of ASIC mining machines that were designed by the company and work specifically on the DOGE and LTC blockchain. They offer high hash rates and energy efficiency.

The LD series of ASIC mining machines developed by BTCM are specifically designed for mining on the DOGE and LTC blockchains with peak hashrate and energy efficiency.

Litecoin rose marginally higher to start the week, despite cryptocurrency markets mostly trading lower on Monday. The global crypto market cap is down 0.15% at the time of writing, as volatility remains high. Chainlink also moved higher in today’s session.

Dogecoin rebounded from Wednesday’s drop, with the meme coin briefly climbing back above $0.090 in today’s session. However as the day progressed, bearish sentiment heightened, with price declining. Litecoin was also down today, and continues to trade near a multi-week low.

The Litecoin Foundation has announced that it will stop issuing Litecoin Visa cards in the US due to restrictions from banking partner Metropolitan Commercial Bank. The bank has decided to restrict its support for businesses involved with digital currencies, causing Unbanked HQ, which provides the cards, to transition away from MC Bank NY. The BlockCard Visa Prepaid Card will stop working from May 1, 2023, but the announcement does not affect Unbanked's prepaid Mastercard, which is available for UK and EU customers. Despite the news, Litecoin's market value has not seen a significant drop, with LTC trading at $101.53 at the time of writing.

Chainlink rose to a six-month high in today’s session, as crypto markets moved back into the green on Tuesday. Markets were buoyant following stronger than expected Chinese growth data, with the global market cap up 0.45% as of writing. Litecoin also climbed, hitting a two-month high in the process.

Litecoin (LTC) has formed a support base above the $95 level against the US Dollar, and is now trading above $98 and the 100 simple moving average (4 hours). A key bullish trend line is forming with support near $100 on the 4-hour chart of the LTC/USD pair, and immediate resistance is near the $103 zone, with the next major resistance near the $105 level. If there is a clear break above the $105 resistance, the price could continue higher toward the $112 and $115 levels. However, if LTC fails to clear the $105 resistance level, there could be a downside correction, with initial support on the downside near the $100 level and the trend line. The next major support is forming near the $98 level or the 76.4% Fib retracement level, below which there is a risk of a move toward the $95 support. Technical indicators show bullish momentum gaining pace in the MACD and the RSI above the 50 level. (newsbtc)

Solana was up by as much as 15% on Tuesday, as momentum in cryptocurrency markets shifted higher. The global crypto market cap is up by 4.42% at the time of writing. Litecoin was another notable mover, as the token rose to a five-week high.

Dogecoin was one of Thursday’s biggest movers, as the meme coin fell by as much as 9%. The decline comes as market sentiment begins to shift, following huge gains to start the week. Litecoin was also in the red today, with prices hovering near the $90.00 level.

Bitcoin’s price went on a rollercoaster in the past few days following the Fed’s latest interest rate hike but has calmed around $28,000 as of now.