Weekly Altcoin Price Analysis: Cryptocurrencies Are Ready For New Year's Surprises
This week Litecoin managed to fall from the level of $3.76, rise back from the level of $3.36 to $3,68, and then again start falling anew. Today the Litecoin price is $3.50 and it moves down. All movements during were week were made with a huge effort, as the strengths of both participants of market opposition – bulls and bears, are now approximately equal. A level of 0.008 in the LTC to BTC pair after all became a strong resistance. Now moving lower than 0.008 is rare. However, it seems that Litecoin will face a decrease throughout the whole of the holidays, though surprises are possible.
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Litecoin smoothly moved down even though nothing had foretold such a surprising behavior. But suddenly the LTC/BTC pair jumped from 0.088 to 0.094 in just three hours. What was the reason for it? Market manipulation or maybe someone decided to buy a whole bunch of Litecoins urgently. Hard to find out. Now LTC/BTC is on the level of 0.09 and aspires down again. However, Litecoin reached the level of $3.80 gradually decreases to $3.50 for the third time in two weeks. This is an excellent movement for trade in the market, which is always rich with surprises.