Daily Altcoin Price Analysis: the Avalanche Moves Down Slowly
Litecoin painfully and slowly tracks the Bitcoin correction. There was a strong reduction of the Litecoin price to $3.40 - $3.50; the exchange rate of 0.008 was not maintained, and Litecoin promptly slid to 0.0077 and lower. When will this movement stop? At the level of 0.0075 or maybe at the historical level of 0.006? The DASH price seeks to break free of its local bottom, which became even lower recently at 0.00558. Buy orders below this level are interesting; a long-term reduction of the price to a bottom of 0.0056 will provide an opportunity to interrupt this down-trend.
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Avalanche (AVAX) has displayed recovery on its chart. Over the last 24 hours, the altcoin brought home 4.8% gain. Although, there has been a considerable daily gain, AVAX is trading underneath its long-standing price floor. It is difficult for investors to look at just the daily gain as a good enough reason to buy the coin at the moment. Technical for the coin hasn’t suggested strong bullishness which might suggest that AVAX could be a good buy at the time of writing. Avalanche (AVAX) has lost 8% of its market value in the last week. This forced many investors to liquidate the asset....
Avalanche price has depicted positive movement over the last 24 hours. Over the past 24 hours, the coin has appreciated by 3%. In the last week, AVAX shot up in double digits, which helped the coin break its sideways trading. The bulls now have control of the coin, but the altcoin is expected to break past a few trading levels to ensure that the bullish momentum continues on the chart. The technical outlook was also on the side of the bulls because Avalanche had gained buyers ever since it started to move up on its chart. The demand for the altcoin has also helped AVAX to slowly climb....
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....
Litecoin price continues to fluctuate in the area of $3.40 - $3.50, and decreasing very slowly. After all this is a decrease, rather than a hitch in growth. The LTC:BTC pair has already reached 0.0076-0.0079. Miners don't have trust in Litecoin, and are getting rid of the cryptocurrency. Only a new round of growth in Bitcoin could lift Litecoin above today's indicators of the price. DASH feverishly moves between the strong level of local bottom 0.0056 and one more strong level of 0.0059-0.006. It gives traders possibilities of earnings on short transactions. Buy orders at the levels of....
Litecoin once again jumped over the barrier of $3.20 and then again moves down to the level of $3.00. As Bitcoin price movement has stopped, the falling of Litecoin to the level of $3.00 promises to be painfully slow, and to take some days. Only new growth of Bitcoin will be able to develop an uptrend of Litecoin and to send it to the tops of $3.50 and $3.80. DASH keeps second place on trade volumes at the Poloniex exchange. The price of this cryptocurrency moves in a corridor between 0.01 and 0.011. But it is still in a falling trend, the top of it is still the level of 0.017. But it....