Litecoin Dumped by Chinese; Dash Next (Op-Ed)
On Saturday, the Litecoin market holdings were dropped like third-period French. In much the same fashion, the ultra-secure altcoin Dash has also seen a marked rise in trading over the weekend, stoking fears of an equally precipitous decline in the coming days. As we reported on Friday, an alleged “Pump-and-Dump” scam was suspected for the Litecoin currency and its sudden meteoric rise. Advocates of the altcoins would remark that the Grexit is a factor in the sudden value spikes and has helped them, as it has bitcoin. The hard numbers do not bear this out. For no particular reason, trading....
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Litecoin for some moments returned to the level of $3.00. It seems that it is not the last contact with the strong level of $3.00. Traders can make careful purchases below the level of $3.00. The main weakening factor for all cryptocurrencies now is the Chinese New Year’s Eve. Traditionally, during this period Chinese people exchange cryptocurrencies for Yuan. I must remind you, that Litecoin has a wide popularity among Chinese miners and traders. Therefore, it is hardly possible to count on growth of this cryptocurrency in the next few days. DASH surely and quietly grows, without paying....
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....
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....
In a major price surge, Dash has nearly doubled market cap over the last month, overtaking Litecoin and Monero to become the fourth most valued cryptocurrency. This week one year ago, Dash was the #7 ranked cryptocurrency with a market cap of about $23 mln. This number grew steadily over the course of the year, finishing out the year with a market cap of $69 mln and maintained #7 ranking. Over the course of 2017 so far, however, Dash’s growth has significantly picked up steam, exceeding $100 mln over January. This month Dash has risen to a nearly $200 mln market cap, currently with a value....
Litecoin. This week Litecoin was a very volatile cryptocurrency. In the beginning of the week Litecoin price was under the level of $3.00, but in the middle of the week, in just one evening, the price reached $3.44. From this top the price started falling continuously, without even a short stop at the level of $3.20. Next week we may wait for it to return to $3.00 or maybe even below. DASH. The cryptocurrency of DASH made tremendous jumps and falls. Traders’ heads can begin to spin. DASH began the week a little higher than 0.01, but the growing trend on Friday evening took DASH above....