Cryptocurrency Analytics from FXOpen

[anref]

Bitcoin is quoted at $751 right now, $20 dollars higher compared to last Tuesday. It’s little brother isn’t doing well however, with prices down by close to 10 percent in the same timeframe. Let’s start with BTC and we’ll get back to Litecoin later in the article.

Bitcoin Higher by $20 Dollars

Everyone’s favorite crypto-currency is trading $20 dollars or 2.7 percent higher. But it hasn’t been a smooth ride this time with prices first rallying to a high of $773, only to fall back down to $743 dollars.

Read More https://blog.fxopen.com/bitcoin-higher-litecoin-breaks-support/

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[anref]

Peercoin prices slipped and fell back down in a bear trend last week. One coin is selling for $0.235 right now, 8.9 percent down compared to two weeks ago. Namecoin continues to lose ground and is now trading 11.3 percent lower.

More Losses for Namecoin

Alternative crypto-currency Namecoin is quoted at $0.188 right now, 2.4 cents or 11.3 percent lower compared to our last update. On Saturday prices traded as low as $0.166 but quickly recovered from here to hit a high of $0.217 on Sunday. Most of these gains were quickly surrendered however as you can see on the chart below.

Read More https://blog.fxopen.com/peercoin-slips-more-namecoin-losses/

[anref]

Alternative crypto-currency Dash has been trading right above an important support level all month. Ether on the other hand had a wild ride, first plunging to a new low of 0.00775, only to rally back up to 0.01152.

Ether Bounces From Lows

Ether had an interesting two weeks since our last update. The crypto initially continued the trend lower, moving below the 0.01 figure on December 2nd. Then a hack of a prominent ETH investor sent prices crashing and on December 6th a low of 0.00775 was hit. From here we got a bit of a reversal, with ETH/BTC rallying to 0.01152, almost matching the month’s high at 0.01166.

Read More https://blog.fxopen.com/dash-at-support-ether-bounces-from-lows/

[anref]

Both Peercoin and Namecoin continued to suffer during the last two weeks. Peercoin is quoted at $0.209 right now, 2.6 cents or 11 percent lower. Namecoin is trading at $0.17, down by 1.8 cent or 9.6 percent compared to two weeks ago.

Peercoin Loses 11 Percent

Alternative cryptocurrency Peercoin lost an additional 11 percent since our last update. As we can  see on the 4 Hour chart below, while the downmove wasn’t straight, it was consistent. The crypto hit a new multi-month low of $0.206 yesterday.

Read More https://blog.fxopen.com/more-losses-for-peercoin-and-namecoin-2/

[anref]

The unrelenting bitcoin rally is finally spurring some buying in the altcoin market. Both Peercoin and Namecoin have switched from downtrends to uptrends and are now trading substantially higher since our last update.

Peercoin Follows BTC Higher

After ignoring bitcoin’s ongoing rally for a long time, alts seem to be finally waking up. Peercoin is currently quoted at $0.273 per coin, a 30 percent gain compared to our last update two weeks ago. With the latest gains, PPC/USD managed to break the downtrend and enter into rally mode.

Read More https://blog.fxopen.com/bitcoin-tide-lifts-all-boats/

[voskobojn]

The near three-month long bitcoin rally is finally over. Big brother’s decline took down LTC as well. Both crypto-currencies are now waiting for the next move.

Bitcoin Rally Ends with a Bang

Bitcoin’s bull run is finally over. Prices peaked at $1,096 on Fxopen  (around $1,163 on other exchanges). Just three days later a low of $770 dollars was hit on Fxopen (around $810 on other exchanges).

Read more https://blog.fxopen.com/bitcoin-rally-ends-with-a-bang/

[voskobojn]

The start of the year has been good to ETH investors. Prices are up by close to 47 percent right now from the January open at 0.00828. Dash is up by a substantial amount as well since the start of the year.

Ether Gains on Bitcoin’s Troubles

Ether is trading at 0.01216 BTC right now, close to 47 percent from the yearly open. Granted, this has been a rally from oversold levels. At one point prices declined by over 75 percent from the highs hit earlier this year.

Read more: https://blog.fxopen.com/ether-pumps-on-bitcoins-misfortune/

[voskobojn]

It’s been a hectic start of the year, with pricing surging to a new all-time high only to crash shortly thereafter. But this past week has been much calmer, with prices swinging above and below the $800 mark. Little brother Litecoin remains undecided as well.

A Calmer Week for Bitcoin

It’s been a much calmer week for BTC/USD. Prices are currently quoted at $865 dollars, only $3 below last Tuesday’s price. This a price difference of only 0.34 percent. On the chart below the price action for the latest seven days is marked with a yellow rectangle.

Read more: https://blog.fxopen.com/a-calmer-week-for-bitcoin/

[talikila]

It’s been a hectic start of the year, with pricing surging to a new all-time high only to crash shortly thereafter. But this past week has been much calmer, with prices swinging above and below the $800 mark. Little brother Litecoin remains undecided as well.

A Calmer Week for Bitcoin

It’s been a much calmer week for BTC/USD. Prices are currently quoted at $865 dollars, only $3 below last Tuesday’s price. This a price difference of only 0.34 percent. On the chart below the price action for the latest seven days is marked with a yellow rectangle.

Read more: https://blog.fxopen.com/a-calmer-week-for-bitcoin/

Thank you for your share. I like this chart. It will help me have a good decision for trading bitcoin.

[voskobojn]

In our previous article we hypothesized that both Peercoin and Namecoin are in rally mode. Shortly after that article however we got a sharp correction in prices, which briefly broke below some important support levels (more on this below).

Peercoin Resumes Uptrend

The last two weeks saw a lot of volatility in PPC prices. First we fell to a low of $0.211 on January 7th, briefly breaking below the $0.223 level identified last week as a potential trend ender. But the break wasn’t decisive and if you take a look at the daily chart you can see that prices never closed below this level. Furthermore the duration of the trip below $0.223 was short, lasting only a few hours.

Read more: https://blog.fxopen.com/peercoin-namecoin-resume-uptrends-after-hiccup/

[voskobojn]

Bitcoin prices remained stable in the face of more China restrictions and even rose a bit in the previous seven day period. Litecoin on the other hand is down slightly by 1.6 percent.

Bitcoin Stable in Face of More China Restrictions

Bitcoin is trading at $902 right now, $37 dollars above it’s last Tuesday price. In percentage terms this is a gain of 4.3 percent.

Read more: https://blog.fxopen.com/bitcoin-stable-in-face-of-more-china-restrictions/

[voskobojn]

Both Ether and Dash are still in uptrends. But while Dash gained new ground during the past two weeks, Ether stayed mostly flat.

Ether Prices Mostly Stable After Rally

Ether prices have stayed mostly stable during the past two weeks. We are currently quoted at 0.01148, down by 5 percent compared to our last ETH update. This is not much considering that up to this point prices rallied 50 percent from the lows hit in December.

Read more: https://blog.fxopen.com/ether-dash-still-in-uptrend/

[thebatletbet]

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[voskobojn]

Bitcoin prices rallied strongly today, entering a new short-term bull market. This is happening despite a plunge in volume on Chinese bitcoin exchanges. Litecoin prices are moving up as well, helped by the altcoin’s transition to Segwit.

Bitcoin Rallies as China Volumes Plummet

Bitcoin prices are trading at $934 dollars right now, up by 3.2 percent since Thursday. The rally happened despite (or because) plummeting trading volumes on Chinese bitcoin exchanges. after instituting trading fees last week, Big Three lost over 90 percent of their volume. Most are now trading close to the volumes seen on the USD-based exchanges.

Read more: https://blog.fxopen.com/bitcoin-rallies-as-china-volume-plummets/

[voskobojn]

Today Namecoin prices broke above the $0.242 swing high and began and new uptrend. It joins Peercoin which has been in rally mode for most of January. This uptrend continues into the new month.

Peercoin Rally Continues

Peercoin prices are still in rally mode as the altcoin trends higher, albeit slowly. Since our last update 14 days ago no new highs have been reached. Prices peaked at $0.313 on January 17th and during the past two weeks we only traded as high as $0.304 (today). But the overall direction remains up, as can be seen on the chart below.

Read more: https://blog.fxopen.com/namecoin-joins-peercoin-in-rally/

[voskobojn]

Bitcoin’s leg higher continues for another week. After embarking on a new short-term uptrend last week, BTC/USD built on those gains to climb back above the $1,000 mark. It’s little brother Litecoin isn’t doing as good as it remains range-bound.

Bitcoin’s Trend Higher Continues

Bitcoin managed to climb back above the $1,000 mark this week. We are currently quoted at $1,003 dollars per coin on Fxopen, a gain of $71 dollars compared to last Tuesday. In percentage terms, this is a move of 7.6 percent.

Read more: https://blog.fxopen.com/bitcoins-leg-higher-continues/

[voskobojn]

Both Ether and Dash ended their uptrends this month. The two cryptocurrencies have been trading sideways during the second half of January but only recently they dipped lower. We haven’t entered a bear market yet but a strong downmove could push us in that scenario.

Ether Ends Uptrend

Ether prices dipped below the 0.01106 swing low last week, thereby ending the relatively brief uptrend. We are back in ‘no mans land’ here. Ether is quoted at 0.01069 at the moment. This is a percentage difference of just under 7% compared to two weeks ago. On the chart below the last 14 days are marked with a yellow rectangle to make it easier to stand out.

Read more: https://blog.fxopen.com/ether-and-dash-go-sideways/

[voskobojn]

Bitcoin prices are trading around the $1,000 figure with no clear direction. Market participants seem to be focused on the upcoming bitcoin ETF decision and ignoring the news from China. Little brother Litecoin entered a short-term bear market last week. As usual we’ll begin with BTC and come back to Litecoin later in the article.

Bitcoin Traders Wait for ETF Decision

A lot has happened since our last update seven days ago. The major news was the Big Three Chinese exchanges stopping bitcoin and litecoin withdrawals. This initially crashed prices and we saw a low of $913.99 on BTC-E. Shortly thereafter however a recovery occurred that sent BTC/USD back to the $1,000 handle. This exact scenario repeated one more time, with prices bottoming out at $963 dollars few days later.

Read more:https://blog.fxopen.com/bitcoin-waits-for-etf-decision/

[voskobojn]

During the past two weeks both Peercoin and Namecoin have paused their rallies. We haven’t reversed course yet as both altcoins are waiting for the next move.

Peercoin Still in Uptrend

Peercoin prices are technically still in an uptrend. But the momentum to the upside is almost completely gone as PPC/USD hasn’t made a new high in almost one month (since January 17th). To renew it, the bulls have to push PPC above this month’s high at $0.305.

Read more: https://blog.fxopen.com/peercoin-namecoin-wait-for-next-move/

[voskobojn]

The slow bitcoin recovery continues with the market making new highs. We hit $1,085 recently on Fxopen. Meanwhile Litecoin continues to struggle with prices only up by 3.5 cents or just under 1 percent.

Bitcoin Recovery Continues

The recovery in BTC prices continues for another week. We are currently quoted at $1,085, over $93 dollars higher compared to the price noted last Tuesday. This is a gain of 9.4% in percentage terms. As you can see on the chart below, we’ve been in an almost constant uptrend since the lows at $913 over one month ago.

Read more:https://blog.fxopen.com/bitcoin-rally-continues-litecoin-flat/