Daily Altcoin Price Analysis: Surprise From DASH On Christmas Eve
Litecoin’s price seems to have gotten stuck at the same level. Any movement is going to be extremely sluggish and painfully slow today. At the same time, the exchange rate of the LTC:BTC pair has recovered a little, having made a start from a local bottom and moved into the range of 0.0078-0.008. The previous level of support of 0.008 turned into resistance. The price of DASH grew by 10% in a day, and not just in one sharp shot, but as the beautiful ascending trend. The local maximum thus was in the area of 0.0638. Though, during the ascending movement there were some prices falling to....
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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....
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 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....
O Christmas Bit, O Christmas Bit. Your miners keep on working! O Christmas Bit, O Christmas Bit! Transactions keep on moving! Not only when the markets soar. But also when the bearwhales roar! O Christmas Bit, O Christmas Bit. Your miners keep on working! O Christmas Bit, O Christmas Bit. You've seen so much this year! O Christmas Bit, O Christmas Bit. The new year is so near! From IBM to Microsoft, From BitLicense to old Mt Gox! O Christmas Bit, O Christmas Bit! You've seen so much this year! O Christmas Bit, O Christmas Bit. The snow outside, it glistens! O Christmas Bit, O Christmas....
Litecoin continues to entertain support at the level of ~$3.60. Consequently, LTC/BTC exchange rates reached 0.081 BTC and isn't going to grow. From the point of technical analysis of the chart, we can see a "flag" with entry from above, which means that a following downward exit is more probable. Nevertheless, one more splash in the course of Bitcoin can spoil the whole game again. DASH doesn't cease to surprise - it has grown from 0.06 till 0.07 in one single day! Now its price is 0.063, as the sharp movement up demanded future corrections. It seems that buy orders should be rearranged....