Altcoins Price Analysis (Week of April 10th): Ethereum, Litecoin and DASH
Altcoins are in a downward trend. How strong is that trend, and for how long will the fall continue? At which levels are the current trends most likely to change? ETH/USD. Ethereum’s price has went along the downward scenario and formed the third wave of decline. The key level for that scenario was at $10.3. Ethereum’s price is at a key long-term resistance line, where rebounds usually happen. The critical level for a rebound is the line with the largest accumulated trading volume, somewhere around $10. If the coin’s price manages to fortify at that level and form a turn to growth, there....
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December promises to be rich in a variety of news that can affect the Litecoin price. Similarly next week on the cryptocurrency market promises to be very eventful and interesting. We have already seen the dynamics of the Litecoin price last week – its sharp move from $3 to $3.80, and its corrections from $3.80 to $3.50. It’s a beautiful picture for a trader as they can earn both on price growth and its correction. Can Litecoin can stay at $3.50? Not sure, probably it will go down to $3.20 or below. Bitcoin is now on a downward trend, so the connection LTC/BTC 0.01 is abandoned, and....
Litecoin. This week Litecoin was a very volatile cryptocurrency. In the beginning of the week Litecoin price was under the level of $3.00, but in the middle of the week, in just one evening, the price reached $3.44. From this top the price started falling continuously, without even a short stop at the level of $3.20. Next week we may wait for it to return to $3.00 or maybe even below. DASH. The cryptocurrency of DASH made tremendous jumps and falls. Traders’ heads can begin to spin. DASH began the week a little higher than 0.01, but the growing trend on Friday evening took DASH above....
The current upward dynamics on Ethereum and Litecoin markets have the potential to grow into medium-term upward trends. The price of Dash is close to an important long-term level where a long-term upward trend may continue. Ethereum’s price is in a rebound after a continuous fall. This upward movement is natural, because there was no turn in the long-term scope. This rebound can grow into a turn to growth if the upward trend’s structure isn’t disrupted. The level of $7.5 is responsible for the continuation of the downward trend, provided that Ethereum’s price fortifies at it and forms a....
Litecoin continues its tortures around $3.50, and can’t decide which direction to move in next. LTC:BTC tested the level of 0.008 and now tries to jump from this level. While Bitcoin decreases, Litecoin is counterbalancing at around $3.50. A one days growth of the DASH price by 20% came as a surprise, especially after yesterday's growth of more than for 12%. Having jumped from 0.0067 to 0.0087, DASH remains in first place when measured by trading volume, having left ETH far behind. It means that DASH has excellent prospects in the coming year. As a result, the chart of DASH for December....
Litecoin price remained around the $2.00 level throughout today's trading sessions. Litecoin traded midway between the 23.6% and 38.2% Fibonacci retracement levels, during most of today's sessions, as per the trend line we spotted through our analysis on the 10th of March. By studying the 4 hour Bitfinex (LTC/USD) chart from tradingview.com, plotting the William's Alligator indicator and keeping the Fibonacci retracement levels we plotted on the 10th of March (look at the below chart), we can conclude the following: On the 10th of March, litecoin price rose to test the 23.6% Fibonacci....