Litecoin Revisits 2013's Bubble Point
So far we have seen Litecoin in a long-term bearish bias, a plague-like downward movement which extended itself in 2015 as well. It is however the first time that the silver coin price neatly touched its 2013's bubble point, the support level which influenced a rally towards $48 - Litecoin's all-time-high. As you can see the weekly chart above, the LTC/USD is valued around 1.68 which is directly coinciding with the levels that originally started the bull-trend towards the ATH in 2013. The reason why 1.68 could be important is because of its knack to act as a borderline between....
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Has the Bitcoin Value bubble burst? Looking at the most recent prices, we seem readier for a gentle nosedive than a new rollercoaster ride to the top. Many altcoins are heading down too: Litecoin, Peercoin and your beloved Dogecoin are all in a steady slide to the drain of the cryptocurrency world. But looking at the charts below, many would argue that Bitcoin is up for a new rise to 10,000 USD. This recent bubble wasn't the first bubble, and it won't be the last for Bitcoin. Bitcoin price in USD from begin 2013 to June 2014. You see that tiny top in April 2013? That was a bubble just like....
Bitcoin has dominated the headlines this year, with massive price fluctuations, regulatory developments, and even Senate hearings by the US government. All these factors indicate that people are beginning to take the young currency seriously. But let's not forget about the alternative coins out there. 2013 has been a busy year for them, too. How have they fared? Though CoinDesk has covered some of these alternative coins in depth already, it is interesting to note which currencies have stood out from a market capitalization perspective this year. Here are the six top altcoins of 2013,....
TheBitcoin price has broken below the $200-mark, currently settling around $180. With almost analytical eyes settled on this prevailing downward momentum, one may also look at the way with which the altcoin market has reacted to this entire bearish episode. Have a look of these top coins: Litecoin. On January 1st, the Litecoin was valued around $2.73 and later fell massively under the influence of Bitcoin. Charlie Lee earlier recognized how Litecoin price movements are closely following Bitcoin, and hoped for a run up towards the north once Bitcoin rebounds. While this is clearly not....
Results from the past do not offer guarantees for the future. It's the legal disclaimer that comes with every new financial brokerage account and trading promotion. And for good reason. Because results from the past, do not offer a guarantee for the future. Then again, history tends to repeat itself. Let's take a look at the two most recent Bitcoin bubbles: Bitcoin to USD - Jan 2013 to Oct 2013. Bitcoin to USD - Aug 2013 to Jul 2014. If you superimpose them over each other, a clear pattern emerges: Bitcoin to USD chart - April 2013 and December 2013 bubbles superimposed. The similarity....
Barry Silbert, Source: Twitter. SecondMarket Chief Executive and founder of the Bitcoin Investment Trust Barry Silbert remains not surprisingly bullish on bitcoin and its price. While many of us (me included) don't pay attention to the price of bitcoin, it's a huge talking point amongst enthusiasts and the suits on Wall Street - whether you like it or not. And Silbert's confident we'll see another price bubble the likes of which we saw in 2013 which essentially made bitcoin a household name. In case you're new to the community or your memory is equivalent to that of a goldfish, we had two....