Bitcoin and Litecoin Are in Vulnerable Channels

By October 26, 2014Bitcoin Business

Bitcoin and Litecoin Are in Vulnerable Channels

Virtual currencies bitcoin and litecoin have been bearish in 2014, but consolidated in October. In the second half of the month however, they have been drifting back down. Both cryptocurrencies are sliding within falling channels. Will these channels hold up when being tested?

Bitcoin (BTCUSD) 4h Chart 10/26 (click to enlarge) Bitcoin has been retreating after a bullish swing from 275, new low on the year, to 418. It is now hovering above 340. The […]

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