Daily Altcoin Price Analysis: Litecoin, Dogecoin, Peercoin are stable, ETH and DASH grow before new falling
Bitcoin went a down from $360 to $350 and LTC/BTC pair exchange rate in the same time reacted with small growth from 0.092 to 0.094. As a result, Litecoin got stuck between the levels of $3.20 and 3.40 in the narrowed triangle. Bitcoin continues a downtrend, while at the Chinese exchanges, Litecoin reaches an important level of 21.5 yuans. If this level isn’t withheld, we may see the price of $3.20 and below soon, or even $3. The movement up is possible only if some good news on cryptocurrencies will arise. DASH continues its success — trading volume has grown, and yesterday, the price....
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Litecoin price is in a corrective stage after a recent deep falling. The price move stopped at about $3, and wants to make an ascending movement to 3.20. However, it won’t be easy, as it must first break through the level of $3.10, but the triangle of the technical analysis presses it down to $2.90. Now it can only hope for Bitcoin to rise as LTC:BTC exchange rates can't overcome the level of 0.008 anyway. DASH continues its correctional movement as well. The next target is the level of 0.01. The movement is strong therefore soon it is hardly worth expecting the price going higher than....
Litecoin hasn’t seen such a low position since a long time ago. The cryptocurrency again reached the habitual level of $3. And we remember that fluctuations of Litecoin price around the level of $3 can stick for a long time. Now the market is pessimistic. Falls also on the LTC:BTC exchange rates, having again moved lower than 0.008. It seems that traders aren’t in a hurry to move to Litecoin while Bitcoin is facing problems. However, levels below $3 looks attractive to purchase, and a price of $2.80 - $2.90 is perfect to place buy orders, while sales are worth it at a level of $3.20.
Litecoin very nearly reached the support level of $3.20 and now is at the exchange level of around $3.30. $3.50 turned to become the proper level of resistance that allows traders to sell coins as good as at the level of $3.80. At the same time, the Litecoin price a little higher than support level – $3.20 will be the price to purchase at. This digital currency fell following the grandiose falling of Bitcoin price from $380 to $350. Are prerequisites for growth right now? Unlikely. The correctional movement from $3.20 is settled, and even $3.40 can become the level of resistance. Bitcoin....
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.
Yesterday, I advised our readers to sell Litecoin at $3.50, and did Litecoin show a double top by touching $3.80? Those who have followed my advice will be able to close the deal with a profit at $3.40. Most likely, this will happen this week, because now the price is rolling down from $3.60. Congratulations to those who sold their coins today for $3.80. This level is significant as an important achievement of Bitcoin price of $380, and as the descent from 0.01 ratio between LTC/BTC pair. How deep will the descent be? It was 0.99 LTC/BTC yesterday and 0.95 LTC/BTC today.