Bitcoin Price Buckles Under Selling Pressure
Bitcoin price sold off after falling below its advance channel trendline. The decline is at various stages of development in different exchange charts. Potential targets await lower in the chart. Bitcoin price is correcting the prior advance, or may be in full-blown decline. In the bullish camp, yesterday’s analysis chart illustrated how bitcoin price typically returns to its 1-day 20MA prior to unfolding a main wave of advance. For now it appears that such a reversion to 20MA support at $400 is underway. In the bearish camp: let’s hope that price does not break below $400 (Bitstamp) and....
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The litecoin price peaked at $2 yesterday. LTC/USD has since been affected by the downtrend leading the market after bitcoin's peak. Market activity has decreased since the peak. However, selling pressure is still noticeable. The LTC price struggled to stay above $1.80 and is now trading at a $1.79 level. Today's trading session began right after the peak level at $2 was reached. Large selling pressure was haunting the litecoin market for several hours after the peak. All until the LTC price fell to $1.76 which is still the 24-hour low. Volume and resistance that the LTC price experienced....