Weekly Altcoin Price Analysis: Cryptocurrencies Dancing

Weekly Altcoin Price Analysis: Cryptocurrencies Dancing

Last week the Litecoin price chart has painted a triangle between the levels of $3.50 and $3.20. As it has entered this triangle from above – the exit most probably will appear from below. Besides, the LTC/BTC pair has considerably given up its exchange rate positions in a week from the level of 0.097 to 0.091. China is the driver for Litecoin price, therefore for us, it is important to look and at the Chinese exchanges. Near the level of 21.5 yuans (approximately $3.2) we can observe a high concentration of orders from traders. If this level is passed with the movement down, there will be....


Related News

Ethereum ETH Back On Track Race, Will ETH Reclaim $2,000 again?

Ethereum ETH price regained its bullish trend against Tether (USDT) as it builds more strength to break above the key resistance ahead of “The Merge.” ETH price saw a rejection to a region of $1,500 recently as it could not hold its bullish trendline acting as support. (Data from Binance) Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks Ethereum ETH Price Analysis On The Weekly Chart From the chart, the price of ETH saw its price rejected to a region of $1,540 on the weekly chart as the price was unable to hold $1,700 and the trendline acting....

Daily Altcoin Price Analysis: Cryptocurrency Market Dancing

The behavior of Litecoin is very interesting. Imperceptibly this cryptocurrency gained the lead on trading volumes on Poloniex, and is just about to reach the TOP-5. At the level of 0.08 the movement started developing up, and the LTC:BTC exchange rate reached 0.0858. It allowed traders to profit 20% in two days. Now Litecoin has an opportunity to reach $3.30. LTC:BTC exchange rates are again at 0.08. Moreover, Bitcoin price also notably fell last night. Thus Litecoin moved to today's $3.10. It proved to have both rapid growth without explanation, and deep falling. Soon it will become....

Weekly Altcoin Update: Stellar Price Volatility, Darkcoin's Major Anonymity Update, and Viacoin's ClearingHouse Launch

Welcome to the CCN weekly altcoin news update, where we profile newsworthy altcoin stories that have flown under the radar. This week's update includes an analysis of the Stellar price's early volatility, information about Darkcoin's latest update to DarkSend, its anonymous transaction protocol, and Viacoin's smart-contract ClearingHouse announcement and presale. Stellar Price Volatility. Stellar, the new Ripple-esque payment protocol from Mt. Gox and Ripple co-founder Jed McCaleb, has quickly gained adoption due to the project's aggressive distribution strategy, which includes giving away....

LoopRing Price Lags Despite Relief, Is LRC Double-Digit Gain Feasible?

The price of LoopRing (LRC) has shown no sign of relief bounce against Tether as it continues to range in its low region. Despite relief bounces shown by other cryptocurrencies across the market, some producing double-digit gains, LoopRing price continued to look dormant. (Data from Binance) Related Reading: ANKR Gained 12% In The Last 24 Hours. What’s Pushing It? LoopRing Price Analysis On The Weekly Chart From the chart, the price of LRC saw its weekly bottom at $0.35; the price of LRC bounced from that region to a price of $0.4 on the weekly chart as the price is unable to show much....

Weekly Altcoin Price Analysis: Cryptocurrencies Facing Storms Together with Bitcoin

Bitcoin had a larger than usual fluctuation, gaining 20% in price only to drop 20% back to the original price range, Litecoin broke through it's ceiling reaching $3.80, $4 and $4.20 all the way to a peak of $4.35, only to fall back down to $3.50 where it is now. A correction back to $3.80 is probable. The LTC/BTC pair exchange rate continues decreasing reaching 0.083-0.084. It is projected that if Bitcoin goes lower than $400 for too long Litecoin will most likely fall into a long depression.