Weekly Altcoin Price Analysis: First Results of 2016

By January 17, 2016Bitcoin Business


It sounds strange but Litecoin in 2016 feels quite strong. You would probably ask: how so, if the price fell to $2.90 and continues to decrease? But take a look at the chart of LTC:BTC – LitecoinCT r: 65 exchange rate is fixed higher than 0.008, and even reaching 0.0084. This means that the price of $2.90 speaks not about weakness of Litecoin, but about the weakness of Bitcoin during a whole bunch of bad news (the report of RAND on need of fight against digital currencies, bankruptcy of Cryptsy , the next split in Bitcoin Foundation and a statement of Mike Hearn). Moreover, new discussions on the size of the BitcoinCT r: 7 block have begun again

. Litecoin Price Chart In the beginning of 2016 Litecoin price was noticeably higher than $3.40. It has created a small triangle with an exit up to $3.64 by January 7. But then Litecoin started falling continuously having reached today’s $2.90.

Now it is impossible to give the forecast for the next week. The negative factors didn’t affect the Bitcoin price fully yet. Panic sales are still possible, which will give us an opportunity to buy really inexpensive Litecoins. But price correction are possible and it can turn the trend up at any time. DASH

DASH CT r: 96 price grows by 10-20% a day. DASH price even grew from $3 to $4, despite the falling of Bitcoin. DASH don’t care about the problems with block size, emergence of new forks or the problems of regulators and exchange collapses. The exchange rates have already reached 0.01, or 100 DASH for one Bitcoin. Traders willing to buy DASH may now only dream about the exchange rates of 0.0055, which were available only a month ago.

Throughout the whole week, a steady uptrend was developing […]

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