Daily Altcoin Price Analysis: Cryptocurrencies Are Waiting While Dash Skyrockets
After yesterday's rise, Litecoin dives down, trying to return to the level of $3.00. Already at $3.08, and a trend doesn’t show signs of a stoppage or downturn. Now traders are interested in whether Litecoin stops at the level of $3.00 or falls below. As it did yesterday, everything depends on behavior of Bitcoin. If it continues to fall, Litecoin will follow. LTC:BTC exchange rate remains a little lower than 0.008. DASH again sets up a record with a daily growth of 70%. Thus, daily trading volumes only on Poloniex are higher than 1000 Bitcoin for several days already. The top of 0.017....
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Since August 31st, 2015, when DASH left the largest exchange Bitfinex this cryptocurrency has had to cope with difficult times. Despite its technical originality and regular updates the DASH price continues its downtrend. Most traders are not ready to wait for DASH to be recognized. But, on the level 0.05 - 0.06 it could be a good time to buy, as the number of masternodes isn’t falling, which means that we are talking about speculative attacks.
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 is approaching the level of $3.80 which has been tested many times before. Now everything is dependent on Bitcoin. Whether it will continue moving up or go down in correction. Thus, LTC/BTC pair is standing still on 0.086-0.088. DASH is in the region of 0.06 and constantly decreasing. It’s good to place buy orders at the level of 0.056-0.057, with the targets to get 0.06-0.067. However, no special activity in the market has been noticed. This market is also in expectation of a dependence on the activity of Bitcoin.
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....
Litecoin is still standing between two price levels of $3.50 and 3.80, somewhere near $3.60. It seems that situation would only change when the Bitcoin price moves away from $450. DASH bottomed out at a price of 0.056, having lost about 6% in a day. If the Bitcoin price moves up, DASH would probably move to another bottom, but Bitcoin price corrections will give DASH a chance to make a new start from this level. Dogecoin resists the inevitable, holding its price at the level of 30 Satoshi. Last night the price even fell down to 28 Satoshi, so it is not the best idea to place buy orders at....