Weekly AltCoin Analysis

By November 29, 2015Bitcoin Business

Litecoin December promises to be rich in a variety of news that can affect the Litecoin CT r: 74 price. Similarly next week on the cryptocurrency market promises to be very eventful and interesting. We have already seen the dynamics of the Litecoin price last week – its sharp move from $3 to $3.80, and its corrections from $3.80 to $3.50. It’s a beautiful picture for a trader as they can earn both on price growth and its correction. Can Litecoin can stay at $3.50? Not sure, probably it will go down to $3.20 or below. Bitcoin CT r: 8 is now on a downward trend, so the connection LTC/BTC 0.01 is abandoned, and Litecoin continue to move down. However, there are chances for price growth. The crisis between Russia and Turkey is far from being over, therefore, possible incidents followed by gold market, as well as Bitcoin and cryptocurrency booms are possible. DASH Only at the end of the week we saw a slight increase of DASH’sCT r: 77 price. It jumped from the level 0.05 to 0.06. Next week we can carefully buy DASH as this position is opened only for a short time. Traders sell DASH for 0.06 and must wait for good orders to buy DASH at 0.05 and below. Dogecoin Dogecoin CT r: 65 price progressed by the end of the week, showing an increase in both price and daily volume. Today on Cryptsy it increased by 2.63% with trading volume of 46.5 BTC, and yesterday there were only about 37 BTC. All of last week we saw a drop from 43 to 36 Satoshis. While Dogecoin is unable to consolidate above 40 Satoshi, this level should be targeted for traders next week. ETH What we see in the two-week chart? Correction in the […]

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