Litecoin
Litecoin CT r: 64 is clamped between $3.20 and $3.50, and can’t cross any of the two levels. This situation is not very convenient for traders.
The two major forces affect the Litecoin’s price fluctuation: the growth of Bitcoin CT r: 8 price from $350 to $360, and the falling of LTC/BTC pair exchange rate from 0.095 to 0.092 in a single day. These forces are interconnected as because of the growth of Bitcoin’s price Litecoin miners are trying to get rid of the cryptocurrency in exchange for the growing Bitcoin. Thus, miners get more profits in fiat equivalent. Bitcoin is now in a growing trend which makes the LTC/BTC exchange rate decrease constantly.
Recently Litecoin was holding strong at a psychologically important level of 0.01 (1 Bitcoin for 100 Litecoin), and now it faces a lower rate of 0.075, and potentially even 0.05. And all that because of Bitcoin. Only a noticeable weakening of Bitcoin can give the LTC/BTC pair an impulse for growth now. DASH
DASH CT r: 75 has stabilized its position after yesterday’s success, having shown us that 0.055 is the lowest level it’s going to hit and placing any buy orders lower than 0.06 promise to be favorable, even in the short term. Even this week I hope to close orders higher than 0.065 as volumes grow, and sharp falling of the price has stopped. It seems that miners don’t want to get rid of DASH and gradually begin holding on to it. Today’s transactions aren’t similar to fixing of profit.
Now we can see an upward exit from a triangle and the line of a trend. Dogecoin
On this chart you can see the recent Dogecoin CT r: 49 price levels: 38-40 Satoshi, 36-38 Satoshi, and today’s 33-35 Satoshi. And this isn’t a two weeks […]
