Daily Altcoin Price Analysis: Sensational Growth of Dogecoin and ETH
Litecoin almost returned at the weekend’s level of $3.00, made a start from this level. and now keeps growing to $3.20. Descent from the level of $3.20 could be fast or painfully slow — everything depends on the behavior of the “elder brother" Bitcoin. Only sudden growth of Bitcoin can bring Litecoin to the levels of $ $3.50, 3.80 and above. If Bitcoin continues to fall, this week we will see a Litecoin price below $3.00. The exchange rate of LTC:BTC can't overcome the resistance level of 0.008. It speaks about the weakness of Litecoin and the possibility of its movement to 0.006.
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Litecoin very nearly reached the support level of $3.20 and now is at the exchange level of around $3.30. $3.50 turned to become the proper level of resistance that allows traders to sell coins as good as at the level of $3.80. At the same time, the Litecoin price a little higher than support level – $3.20 will be the price to purchase at. This digital currency fell following the grandiose falling of Bitcoin price from $380 to $350. Are prerequisites for growth right now? Unlikely. The correctional movement from $3.20 is settled, and even $3.40 can become the level of resistance. Bitcoin....
Bitcoin went a down from $360 to $350 and LTC/BTC pair exchange rate in the same time reacted with small growth from 0.092 to 0.094. As a result, Litecoin got stuck between the levels of $3.20 and 3.40 in the narrowed triangle. Bitcoin continues a downtrend, while at the Chinese exchanges, Litecoin reaches an important level of 21.5 yuans. If this level isn’t withheld, we may see the price of $3.20 and below soon, or even $3. The movement up is possible only if some good news on cryptocurrencies will arise. DASH continues its success — trading volume has grown, and yesterday, the price....
Key Highlights. The Dogecoin price daily chart clearly suggests that the price is under heavy bearish pressure and it is likely continue moving lower. There is a monster bearish trend line on the daily timeframe chart with resistance around 40.0. The daily MACD is under a minor divergence, which means there is a possibility of a short-term correction. Dogecoin price may correct higher moving ahead, but if we look at the big picture, then it is quite clear that the price is in a downtrend. 40.0 Satoshis as Sell Zone? We highlighted many times during the past couple of weeks that the....
Do altcoin cryptocurrencies await the performance of Bitcoin? Will Bitcoin fall from the $450 ceiling or push on to levels of $500 and more? Litecoin once again stood at $3.80, and is expected to roughly track Bitcoin’s rise and fall. Previously LTC:BTC had fallen to 0.079, having jumped sharply from 0.084. Now LTC:BTC is at 0.082 and continues to trend down. DASH loses 7% a day against the growth of the Bitcoin price, and goes under the level of 0.06. Bitcoin price growth continuation will lead DASH to fall to a level of 0.05 exchange rate and below, while long-awaited Bitcoin correction....
On the 12-hour chart of Litecoin we see that yesterday there was the fifth reach to the top of $3.80 in two weeks, which happened due to a sharp growth of Bitcoin again. However, Litecoin went higher than $3.50 and then moved down to the same level of $3.20. This time, while the Bitcoin price grows, the LTC/BTC pair fell, having reached an 0.085 exchange rate. While miners don't believe in Litecoin prospects, this cryptocurrency has no prospects for steady growth.