|
Title: [2015-12-20]Weekly Altcoin Price Analysis: Reaching a Local Bottom.... Post by: secone on December 20, 2015, 10:55:26 AM Litecoin
Since the beginning of the week, Litecoin’s price stood in a corridor of $3.50 - $3.80, having created a triangle on the chart. Next week the exit from this triangle is inevitable, and the direction of an exit depends only on the direction of Bitcoin’s price. However, this week Litecoin had another important event: as the Litecoin vs. Bitcoin exchange rate reached a local bottom of 0.008, having stopped its continuous falling at this level. Dogecoin If at the end of the last week ETH showed steady growth, all this week the price of ETH was falling. Having looked at the chart of one month, we can see that ETH’s price is in a falling trend again. And if this trend doesn’t stop right now, we will see updates of a bottom (which could be at around 0.0016-0.0018). Especially interesting will be the placing of orders lower than this level, they can be calculated to be a sort of panic sale. http://cointelegraph.com/news/115920/weekly-altcoin-price-analysis-reaching-a-local-bottom-can-they-make-a-new-start |