Daily Altcoin Price Analysis: Always Expect the Unexpected
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.
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XRP and other market movers have continued to face the wrath of the bears. The altcoin has fallen considerably over the last 24 hours. It had secured gains over the past week but since the bulls are back, the coin lost what it had gained. Profit booking has taken over as the market movers witnessed a brief relief rally. Although price of the altcoin surged by 16% over a week, the daily losses have invalidated most of it. In the last 24 hours the coin fell by 3%, bringing its price down to $0.34. The bulls have tired out and surrendered to the bears. Selling pressure has increased as XRP....
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....
This is the last week of 2015, thus the coming weekend will already belong to the year 2016. The behavior of any cryptocurrencies can be unexpected now, and the market is ready to give out surprises. So far, it is not about Litecoin, which continues its painfully slow movement in the range of $3.40 - $3.60. The previous boundaries of the price corridor of $3.20 - $3.80 were narrowed, that is caused not by definiteness in the movement of Bitcoin’s price. Meanwhile the exchange rates of the LTC:BTC pair made a start from 0.008 and reached 0.0084 for a short period. We must watch closely the....
Bitcoin price has surged to $250 and 1600 CNY in what can only be described as magnificent price action. No other market instrument can do this and it is a unexpected reminder of the speculative potential in Bitcoin! This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 16h50 UTC. Bitfinex 1-Day Chart. From the analysis pages of xbt.social, earlier today: Price could achieve the red daily 200MA that has eluded it for months within the coming....
During the Asian session, the Bitcoin price strengthened to $452. And this happens while we receive positive macroeconomic statistics from the US. Moreover, other currencies also grow against the Dollar. These facts suggest the activity of a large number of buyers, both in Bitcoin and other currencies, and that buyers are so optimistic that this overcomes the resistance of the Dollar. This suggests that in the short term, the Bitcoin price could resume growing. Today we expect the publication of the data on initial applications for unemployment benefits, but this shouldn’t affect the....