Cryptocurrency Analytics from FXOpen

[Zer0Sum]

I may be wrong...
But you guys should know that a few Alts and stuff were launched after 2013.

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[anref]

Both bitcoin and litecoin have rallied strongly during the past few days. While the BTC gains were mainly the result of a large margin call, LTC followed suit, despite no margin calls of its own. But let’s start with big brother first.

Bitcoin Spikes on Margin Call, Follow-through Lacks

Bitcoin spiked $8 dollars in 8 minutes on April 21st. The surge happened right at the open of the last hour of the trading session. As prices rallied, a large $3 million dollars margin call was issued on OKCoin futures. As you might imagine, the call triggered more gains with prices rallying $5 dollars in the two minutes it took to execute the order. The OKCoin futures rally had a ripple effect across all other sites, including FxOpen. Here we rallied from $222.74 to a high of $230.35 in eight minutes. The Tuesday gains were followed by a smaller sized move yesterday with BTC/USD peaking at $236.56 before falling back.


Read More  https://blog.fxopen.com/bitcoin-litecoin-rally-but-follow-through-lacks/

[anref]

Bitcoin prices spiked on Fxopen today, reaching a high of $243.71 before falling back. Somewhat surprisingly, the move higher was muted on other BTC exchanges. Most of them topped out near $230 per coin. Alternative cryptocurrency Litecoin bounced off the $1.46 mark and headed lower, staying in a downtrend.

Bitcoin Spikes to $243

Prices on Fxopen spiked to $243 per coin today. What’s even more perplexing about this move is that it happened in under one hour. Bitcoin rallied from $224.40 to $243.71 in only 45 minutes. Fxopen uses BTC-E prices. We still don’t have a satisfactory explanation about the spike. Several theories have been floating around, ranging from panic buying by Russians ahead of a potential ban to a hacked account on BTC-E.


READ MORE https://blog.fxopen.com/bitcoin-spikes-on-fxopen-litecoin-bounces-at-1-46/

[anref]

While altcoins followed bitcoin’s spike higher on Tuesday, most have since given up the gains. Namecoin is back to trading range-bound while Peercoin retested the 21 cents mark again.

Peercoin Retests $0.21 Low

Alternative cryptocurrency Peercoin has been skirting on the $0.21 mark since our update last week. As we noted in that article, the whole area from $0.20 to $0.213 should be considered as one large support level. Peercoin has tested this support two times. The first occurrence saw the crypto trading as low as $0.211 before rebounding to $0.237 on bitcoin’s spike. But PPC/USD quickly surrendered its gains and yesterday retested the 21 cents mark again, trading to a low of $0.217. We are currently quoted very close to yesterday’s low at $0.218 per coin.



Read More https://blog.fxopen.com/peercoin-retests-lows-namecoin-range-bound/

[anref]

Bitcoin is testing the important swing resistance at $243/$244 dollars per coin. The high, initially hit on April 28th during a 1 hour spike, is proving to be of a more permanent character and remains unbroken after two failed attempts. While bitcoin was struggling to break above $244, Litecoin had the same issue with $1.50. But let’s start with big brother first.

Bitcoin Tests $244 Resistance

Bitcoin failed to breakout above $244 on April 30th and May 3rd. In both cases, prices barely broke the previous high by less then 20 cents before falling back. We are currently trading at $236 dollars per coin, substantially below the $244 mark.



Read More https://blog.fxopen.com/bitcoin-tests-resistance-litecoin-bounces-at-1-50/

[anref]

Bitcoin has taken a step back since our last update. Prices fell $2 dollars on Tuesday and a further $5 dollars in the early hours of today’s trading session. We have since pared some of the losses and BTC/USD is currently quoted at $232 per coin. Meanwhile the recent downmove caused altcoins to fall as well. Peercoin is now back to trading at $0.21 while Namecoin is hovering just above 30 cents. Litecoin seems to be holding its own, losing only 0.7 percent since Tuesday. But even LTC should go down if bitcoin breaks some of its important support levels. For more on this, take a look at our previous article HERE.

Peercoin Back to 21 Cents

Alternative cryptocurrency Peercoin is back to trading at 21 cents, $0.218 to be exact. The crypto has declined by 5.2 percent since Tuesday but despite the losses, no major levels have been broken yet, as can be seen on the chart below.

Read More https://blog.fxopen.com/peercoin-back-to-21-cents-nmc-hovers-above-0-30/

[anref]

Both Bitcoin and Litecoin are still trading right below their respective resistance levels. For LTC/USD, this level stands at $1.50 while for BTC it’s at $250 dollars per coin. Since our update last week, both cryptos have made unsuccessful attempts to rally higher.

Bitcoin Pushing on $250

Bitcoin continues to push on the $250 resistance level. On Saturday we reached a new 30-day high at $247.07 but soon after the sellers pushed the virtual currency back below $240. We are currently trading at $242 flat on Fxopen.



Read More https://blog.fxopen.com/bitcoin-and-litecoin-continue-to-push-on-resistance-levels/

[anref]

It has been an uneventful week in cryptoland. Bitcoin spent most of the week tucked in a small range between $235 and $247 dollars per coin. Namecoin bounced off the support near $0.30 while Peercoin failed to rally above 25 cents.

Peercoin Bounces at 25 Cents

Alternative cryptocurrency Peercoin had an independent rally on May 12th that briefly took it above $0.25. But the altcoin failed to establish a base above the figure and after fighting with the level for one full day, it surrendered most of the gains. We are currently quoted at $0.239 per coin.


Read More https://blog.fxopen.com/peercoin-bounces-at-25-cents-namecoin-still-above-0-30/

[anref]

Bitcoin continues to trade range-bound as we wait for direction. While the crypto lost about $10 dollars since our last update, no major levels have been broken. Bitcoin’s little brother, Litecoin, is also trading undecided after a brief spike above $1.50 dollars.

Bitcoin Waits for Direction

Everyone’s favorite cryptocurrency had several daily losses in a row, declining by $1.50, $0.40 and $3.10 dollars. But like we mentioned above, the slow drip lower hasn’t broken any important levels. Bitcoin is currently trading at $232 dollars per coin.


Read More https://blog.fxopen.com/bitcoin-litecoin-in-limbo-as-direction-awaited/

[anref]

We’re having another slow week for cryptocurrencies. Bitcoin traded in a tight range between $232 and $238 dollars per coin since Monday. Even going further back big brother has been more or less trading flat since the start of May. Most cryptos followed BTC in this range but notably Peercoin buckled the trend by rallying on Tuesday.

Peercoin Rallies to $0.341

Peercoin broke the important $0.267 resistance on Tuesday and surged higher. In our article next week we highlighted this level as a potential breakout point. There is little follow-through on the move however and this is probably due to bitcoin drifting lower during the same timeframe. After reaching a high of $0.341 PPC/USD slowly gave up most of the gains to drop to a low of $0.286 today. We are currently quoted right at the 30 cents mark at $0.299.



Read More https://blog.fxopen.com/peercoin-rallies-namecoin-still-range-bound/

[anref]

Big brother bitcoin continues to trade in a range. After several days with tentative gains, BTC/USD fell by $5 dollars yesterday. Litecoin on the other hand, surged 30 percent on Friday so let’s start with that.

Litecoin Surges 30 Percent

Litecoin surged 45 cents on Friday, or about 30 percent The crypto staged most of the gains in only 3 hours, after breaking the previous swing high at $1.60. Prices rallied by 2.4%, 4.9% and 13.52% in each of the three hours, hitting a high at $1.93 dollars. We have since eased up somewhat with LTC trading at $1.80 dollars per coin. Here’s a daily Litecoin chart. The massive move on May 22nd is clearly visible.


Read More https://blog.fxopen.com/litecoin-surges-30-percent-bitcoin-still-range-bound/

[anref]

The rally in Peercoin eased up somewhat, with prices currently trading at $0.324 dollars per coin. The slowdown is not that surprising when you take into account the complete lack of movement in bitcoin. For the past week, BTC/USD barely moved, trading in a tight range of $9 dollars. Meanwhile alternative cryptocurrency Namecoin is still undecided.

Peercoin Rally Eases Up

The rally in Peercoin prices slowed down considerably since our last update. While PPC/USD did hit a new high of $0.353 on Saturday, the crypto has fallen back since and is currently quoted at $0.324.



Read More https://blog.fxopen.com/peercoin-rally-eases-up-nmc-undecided/

[anref]

There have been a lot of developments in the past week, since our last update on BTC/LTC. Bitcoin finally broke out of its range yesterday and hit a low of $222.23 today. Meanwhile Litecoin started its downmove one day earlier on May 31st, by losing close to 10 percent. But let’s start with big brother first.

Bitcoin Breaks $230 Dollars

After spending the entire last month of May tucked in a range, bitcoin finally broke out yesterday. The break of support at $230 dollars led to a more lower to $222.23 today. So far no large losses have transpired and we are currently quoted at $226.39, just $4 dollars below the previous support.

Read More https://blog.fxopen.com/bitcoin-breaks-230-litecoin-reverses-most-gains/

[anref]

Both Peercoin and Namecoin followed big brother lower on June 1st. The break took out nearly 2 cents from PPC and about 1.4 cents from Namecoin’s value.

Peercoin Rally Ends

The rally in PPC prices took a severe setback this week as the altcoin suffered on renewed BTC selling. Alternative cryptocurrencies will often sell-off in tandem with bitcoin prices. Since May 30th PPC/USD has lost 4.2 cents or just below 13 percent. But the sell-off has paused during the past two days as BTC stabilized as well. We are currently quoted at $0.282 dollars per coin.



Read More https://blog.fxopen.com/peercoin-namecoin-follow-btc-lower/

[anref]

The rally in Litecoin prices continues unabated. In the past seven days since our last update, LTC/USD rallied 15 cents or just under 10 percent. Meanwhile big brother bitcoin has been stuck in a quagmire after the break lower didn’t go anywhere.

Bitcoin Claws Back Losses

Bitcoin managed to claw back most of the losses accrued last week. This wasn’t much of a feet, considering that the virtual currency only lost $7.77  dollars after the break of $230. We are currently quoted at $227.99, after yesterday’s bounce at the $230 mark.


Read More https://blog.fxopen.com/litecoin-rally-intact-bitcoin-stuck/

[Nxtblg]

Y'know...after seeing those charts, and longer-term ones that show a Bitcoin trading range with (arguably) a slight bullish trend, this thought occurred to me:

If this ranginess continues, which would make Bitcoin's 1-year chart look like gold's right now, the original, orthodox Bitcoin-as-currency folks will finally have the price environment that they're looking for: a more-or-less stable price for the Big BTC.

It'd be fascinating to see Bitcoin continue range-bound with a centre of around $235 or so. You'd see hybrid trading and purchasing: buy low, spend high ( or try to.  ) And, as economic theory tells us, that kind of hybrid action would serve as arbitrage that eventually narrows the range - which means, narrowing the potential loss for people whose trading acumen isn't that great.

Don't get me wrong: my pocketbook would love to see Bitcoin get back up into the four figures. But we're supposed to be a part of something here, and it would be nice, neat & all that fluffy-stuff to see the dream realized.

[anref]

Y'know...after seeing those charts, and longer-term ones that show a Bitcoin trading range with (arguably) a slight bullish trend, this thought occurred to me:

If this ranginess continues, which would make Bitcoin's 1-year chart look like gold's right now, the original, orthodox Bitcoin-as-currency folks will finally have the price environment that they're looking for: a more-or-less stable price for the Big BTC.

It'd be fascinating to see Bitcoin continue range-bound with a centre of around $235 or so. You'd see hybrid trading and purchasing: buy low, spend high ( or try to.  ) And, as economic theory tells us, that kind of hybrid action would serve as arbitrage that eventually narrows the range - which means, narrowing the potential loss for people whose trading acumen isn't that great.

Don't get me wrong: my pocketbook would love to see Bitcoin get back up into the four figures. But we're supposed to be a part of something here, and it would be nice, neat & all that fluffy-stuff to see the dream realized.

I'll be glad to return to one figure

[anref]

After a long range-bound period, BTC/USD finally rallied yesterday. Bitcoin gained $8 dollars and we peaked at $253.36.

Bitcoin Rallies but $250 Still in Play

Bitcoin is in full rally mode but the key $250 figure has yet to give way. Yesterday’s push stopped short at $253. We are currently trading right at the $250 mark. The strong momentum higher means that the figure will likely be broken soon but the conservative approach calls for waiting until we trade past $254/$255 dollars per coin.


Read More https://blog.fxopen.com/bitcoin-rallies-media-blames-it-on-grexit/

[anref]

It has been an exciting few days in crypto-land. Litecoin has gained 70 percent this week alone and Namecoin is nearing the 50 cents mark. Peercoin is also rallying and is up 10 cents or 31 percent this week.

Litecoin Doubles Since Start of Rally

Litecoin has doubled since the start of its rally back on May 22nd. As can be seen on the chart below, the initial surge led us to $1.93. From here LTC/USD fell back to retest the breakout point at $1.60, only to get quickly repelled. In the next two weeks Litecoin slowly climbed back to the $2 dollar mark. But it was only after prices decisively broke above the $2.05 high that the massive rally higher went underway.

Read More https://blog.fxopen.com/litecoin-doubles-namecoin-nears-50-cents/

[anref]

The bitcoin rally is in jeopardy. The bulls haven’t made any progress in six days now, since reaching a high of $256.75 last Wednesday. Peercoin is in a similar boat with prices stagnant since last Friday. But let’s start with big brother first.

Bitcoin Rally in Jeopardy

The bitcoin rally is dying a slow death. All momentum to the upside has now been lost. In today’s session, we opened at $248.54 and proceeded to fall by $5 dollars to a low of $243.12 before stabilizing somewhat. We are currently quoted at $244.57.

Read More https://blog.fxopen.com/bitcoin-peercoin-halt-gains/