Weekly Altcoin Price Analysis: Cryptocurrencies Are Ready For New Year’s Surprises

By December 27, 2015Bitcoin Business

This week LitecoinCT r: 61 managed to fall from the level of $3.76, rise back from the level of $3.36 to $3,68, and then again start falling anew. Today the Litecoin price is $3.50 and it moves down. All movements during were week were made with a huge effort, as the strengths of both participants of market opposition – bulls and bears, are now approximately equal. A level of 0.008 in the LTC to BTC pair after all became a strong resistance. Now moving lower than 0.008 is rare. However, it seems that Litecoin will face a decrease throughout the whole of the holidays, though surprises are possible.

During half of the week the DASHCT r: 87 price was standing by a local bottom of 0.0056-0.0057. On Thursday, the progress began and it continues still. A top level of 0.0069 was reached and now Dash price is in a correction. Traders may only hope to see next decrease to 0.0056-0.0057, whether this hope is proved?

Let’s remember that happened two weeks ago — the same sharp growth in a weekend which was followed with a sharp fall from a level of 0.0068 to 0.0056-0.0057. And what happened about a month ago? Growth at the beginning of a week, again achievement of a top at around 0.068, and a sharp recession to 0.0056-0.0057. If it is regularity, we should expect another fall for two weeks. However, a day of a New Year is the time when any regularities can be broken. Dogecoin

Dogecoin is clamped in the corridor of 29-31 Satoshi. Only the level of 28 Satoshi was good to place buy orders at this week. Long deduction of the level of 30 Satoshi and good trading volume says that owners of DogecoinCT r: 64 aren’t going to leave this […]

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