Cryptocurrency Analytics from FXOpen

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Since our last update, BTC/USD hit another milestone at $300 dollars. We are currently quoted at $304.97 dollars per coin, almost $20 dollars higher since Tuesday. But as bitcoin continues to make new highs, the rest of the crypto-market stays flat. Peercoin briefly entered into a downtrend while both Litecoin and Namecoin are still range-bound.

Peercoin Down but Not Out

Peercoin broke below the $0.349 swing low on October 23rd. Prices continued to fall until a low of $0.333 was hit on October 25th. But here the losses stopped and PPC/USD is currently quoted at $0.361 dollars.

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

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It has been a great week for bitcoin bulls as prices surged to a new high of $363.31 just minutes ago. The total gain since our last update is now at $78 dollars or a fantastic 27% in percentage terms. Meanwhile the rest of the crypto-market is finally joining the party, with Litecoin nearing $4 dollars as I type this.

Bitcoin Surges 27 Percent

Bitcoin gained $78 dollars or 27% since last Tuesday. But the gains from the start of the rally near $250 are even larger, at $108 dollars or a massive 43.2 percent. On the chart below we can see that in the last two days the BTC/USD has gone parabolic. Yesterday we closed higher by $21 dollars and today we’re up by $33 dollars and it’s only lunchtime.

Read More  https://blog.fxopen.com/bitcoin-surges-27-to-new-highs-litecoin-joins-rally/

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After staying unaffected by the major bitcoin rally for two weeks, Peercoin and Namecoin are finally starting to take notice. Both cryptocurrencies have now joined bitcoin in uptrends with Peercoin up by 25 percent compared to the prices noted in our last article while NMC is trading higher by 15.2 cents, or 43% in percentage terms.

Peercoin Rallies by 45 Percent

Peercoin staged a strong rally last week, hitting a high of $0.579 yesterday. This was a gain of 45 percent from the $0.40 rally starting point. But as we can see on the chart below, we’ve had a major retracement since then and PPC/USD is currently quoted at $0.456, ”only” 14 percent above the breakout level.

Read More https://blog.fxopen.com/namecoin-and-peercoin-finally-join-uptrend/

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Bitcoin retraced sharply since our last update, falling $123 dollars from the $459 high. In percentage terms, this hi to low decline amounted to 26%. Litecoin was disproportionally affected by the BTC correction, falling a fantastic 35 percent and effectively ending its short-lived rally. But let’s start with big brother first.

Bitcoin Retraces Sharply After Highs

Bitcoin retraced sharply after reaching new 13-month highs last Wednesday. The fall took us briefly to $336.22 but prices didn’t stay low for long and soon BTC/USD stabilized above the $350 handle. One coin is selling for $371.72 dollars at the moment. Last week we warned our readers that the parabolic gains are likely not sustainable:

”It’s hard to see this continuing without a sizable retracement in the next few days. This doesn’t mean that shorts are recommended because trends can often last far longer then anyone expects.”

Read More https://blog.fxopen.com/bitcoin-retraces-litecoin-rally-ends/

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The crypto-market is back into undecided territory after bitcoin ended it’s rally. Prices broke the $300 barrier today, putting an end to the (almost) month-long rally. The uptrend started back on October 14th when BTC/USD broke out above $250 dollars. Bitcoin is currently trading at $314 dollars per coin.

Peercoin Ends Rally

Peercoin ended its short-lived uptrend after prices had a major reversal from the highs, prompted by BTC losses. We topped out at $0.579 on November 4th and we are currently quoted at 37 cents flat, a massive 36 percent lower.

Read More https://blog.fxopen.com/crypto-market-in-limbo-as-all-rallies-end/

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Both Bitcoin and Litecoin stayed range-bound since our last update. One BTC is selling for $327.24 at the moment while LTC/USD is quoted at $3.12 dollars per coin. Let’s start with big brother bitcoin first.

Bitcoin Range-bound after Rally

Bitcoin is trading range-bound after the end of its rally last Thursday. This shouldn’t come as a surprise to our readers. Back then we wrote that with the end of the bitcoin uptrend, the crypto-market is now trading in limbo.



Read More https://blog.fxopen.com/bitcoin-litecoin-together-in-range/

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Both Namecoin and Peercoin have settled back into their ranges. Peercoin is currently quoted at $0.387, below the 40 cents former breakout point, while NMC is at $0.397, also below its former breakout level at 41 cents. While both crypto-currencies are trading higher by about 4 percent since our last update, the overall picture remains undecided.

Peercoin Still Range-bound

Peercoin is has settled down below the former breakout level at $0.40. On the daily chart below we can see that the week-long rally faded as quickly as it appeared. The whole formation looks like a V-shaped reversal.


Read More https://blog.fxopen.com/namecoin-peercoin-back-into-their-ranges/

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Bitcoin fell by over 2 percent since our last update, from $327 to $318 dollars per coin. Meanwhile little brother Litecoin is down by 4 cents or just over 1% in percentage terms.

Bitcoin Now 12 Days in Range

Bitcoin fell by $9 dollars since last Tuesday, or about 2.5 percent. The fledgling cryptocurrency has been range-bound for twelve full days now. One coin is selling for $318.13 dollars at the moment. On the chart below we can see that we’re still in that range roughly between $300 and $340 dollars per coin.

Read More https://blog.fxopen.com/bitcoin-drops-2-still-in-range-bound-territory/

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Cryptocurrencies rallied across the board today as bitcoin surged higher by $26 dollars, from $324.56 to $350.78 at the moment. This prompted the altcoin market to join in the move. Peercoin gained over 13 percent in the last two days and NMC/USD is up by a fantastic 29 percent.

Peercoin Rallies by 13 Percent

As noted above, Peercoin rallied over 13 percent in the last two days, from $0.366 to $0.416 right now. Few hours ago prices were even higher, trading at 44 cents per coin at one time. On the chart below we can see that PPC/USD has broken outside of its range.

Read More https://blog.fxopen.com/namecoin-surges-29-as-cryptocurrencies-rally/

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Bitcoin broke out above the top of its range at $340 dollars last week and proceeded to rally almost $40 dollars to a high of $379.80. Here the gains topped however as BTC hit a previous congestion area. Litecoin again followed bitcoin, first higher, then lower. But let’s start with big brother first.

Bitcoin Breakout Hits $380 Dollars

The bitcoin breakout above $340 hit a high of $379.80 before falling back. The correction that followed lead to a low of $353 flat. We are currently quoted at $360.73, close to the lows for the day.

Read More https://blog.fxopen.com/bitcoin-breakout-hits-stumbling-block/

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Both Namecoin and Peercoin have lost a lot of the gains since last Thursday. Namecoin is down by 13 percent while PPC/USD is quoted at $0.394, lower by just over 5 percent since our update.

Namecoin Down by 13 Percent

Namecoin is trading down to $0.421 from $0.484 last week, prompted by large losses in bitcoin. But while BTC/USD is currently lower by 7.8% to $353 dollars per coin, Namecoin is down a much larger 13 percent. From the highs the decline is even bigger at around 22 percent.



https://blog.fxopen.com/namecoin-down-peercoin-rally-in-jeopardy/

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Bitcoin broke above the important $380 handle on December 6th, triggering a new BTC rally. So far the gains have been relatively small, $11 dollars or just under 3 percent. It’s little brother Litecoin is still mired in a congestion area, with no end in sight.

Bitcoin Breaks $380 Dollars

Bitcoin broke the important $380 resistance on Sunday. This level was noted in our previous article as the starting point for a new rally. Since then prices have traded higher by $11 dollars or 2.9 percent. We are currently quoted at $391 dollars per coin.


Read More https://blog.fxopen.com/bitcoin-breaks-resistance-litecoin-still-in-range/

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Bitcoin surged higher on Tuesday, breaking the $400 handle and hitting $421.59 dollars at its peak. From here we retraced somewhat but BTC/USD is still trading almost 6 percent higher since our last update, currently at $414 dollars per coin. However alternative cryptocurrencies Namecoin and Peercoin are lagging behind at +2.1% and +3% since the start of trading on Tuesday.

Peercoin Rally Still Underway

Peercoin is quoted at $0.418 right now, 2.4 cents or 6% higher since last Thursday. But when compared to big brother Peercoin underperformed, bitcoin gained $59 dollars or 16.6 percent since December 3rd.

Read More https://blog.fxopen.com/peercoin-namecoin-little-changed-as-bitcoin-surges/

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Bitcoin is getting close to the yearly highs set on Fxopen at $459.20 dollars per coin. We are currently quoted at $454.80, after trading as high as $457.60 earlier in the day. Meanwhile alternative cryptocurrency Litecoin is still struggling to make noticeable gains.

Bitcoin Nears Yearly Highs

Bitcoin is currently trading $4.40 dollars below the highs set on Fxopen back in November. However the highs on most other exchanges were around $504 dollars per coin. On the chart below we can see that since around November 20th the trend has been up, with very little retracements in between. We only had two major down days and those losses were quickly reversed in the sessions that followed.

Read More https://blog.fxopen.com/bitcoin-nears-yearly-highs-litecoin-struggling/

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While bitcoin has gained $37 dollars or 9 percent since last Thursday, both Namecoin and Peercoin are trading little changed. Namecoin is actually down by 0.7 cents compared to one week ago, while PPC/USD is higher by the same amount.

Peercoin Up by 1.6 Percent

Alternative cryptocurrency Peercoin failed to join in the bitcoin rally. Prices advanced by only 0.7 cents, from $0.418 to $0.425 dollars per coin, for a total gain of 1.6 percent. Prices traded in quite a wide range last week, hitting $0.446 on Saturday but later falling to a low of $0.409 on Monday. But ultimately we stabilized around $0.425, this is where PPC has been trading for the past two days.

Read More https://blog.fxopen.com/namecoin-peercoin-fail-to-join-btc-rally/

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The last few days saw a general retracement across crypto-markets. Bitcoin retraced $35 dollars or 7.6 percent after making new yearly highs on Fxopen. This prompted Litecoin to fall by a similar percentage and lead to an end of its rally.

Bitcoin Falls 7.6 Percent

Bitcoin fell by $35 dollars after hitting a new high on Fxopen. Prices briefly pierced the previous high of $459.20 to make a new yearly high at $460.48. As we’ve previous mentioned, the yearly high reached on other bitcoin exchanges back in November was closer to $504 dollars per coin.

Read More https://blog.fxopen.com/litecoin-rally-ends-as-bitcoin-retraces/

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Both Peercoin and Namecoin tested the important support levels noted in our previous article. The bears were unable to take prices lower and the altcoins have since bounced back somewhat. Still, both of them are down since last Thursday. The rejection at the lows was largely helped by big brother bitcoin rallying $13 dollars to $450 during the past two days.

Peercoin Rally Ends

Peercoin bounced at the $0.40 level after a sizable move higher since Tuesday. The initial move lower took PPC/USD to $0.391 but from here we moved back up to $0.417 dollars per coin.

Read More https://blog.fxopen.com/peercoin-rally-ends-namecoin-testing-lows/

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The bitcoin rally ended during the weekend as prices broke the $423 swing low. Meanwhile its little brother Litecoin stayed range-bound for another week.

Bitcoin Rally Ends

The (almost) month-long BTC rally looks to be finally winding down after we broke below $423 on Saturday. In our last article on Thursday we noted this level as a potential game changer. After the bears broke this figure we saw BTC/USD fall all the way to $401.15 dollars per coin.

Read More https://blog.fxopen.com/bitcoin-rally-over-litecoin-waits-direction/

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It’s been a slow week for the crypto-market. Bitcoin traded in a tight $16 dollars range during the past seven days while Litecoin stayed within its consolidation area.

Bitcoin in 3.8 Percent Range

Bitcoin continues to trade relatively calm, with prices stuck in a $16 dollars range last week. In percentage terms this is around 3.8 percent. We are currently quoted at $431 dollars per coin, only $2 dollars higher compared to last Tuesday.

Read More https://blog.fxopen.com/slow-week-for-cryptocurrencies/

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Bitcoin jumped about over $20 dollars today, from $429.59 to a high of $451.05. Everyone’s favorite cryptocurrency is currently quoted at $449 dollars flat. But smaller altcoins are lagging behind. Namecoin is up 3 percent while Peercoin is only higher by just under 2.5 percent today.

Namecoin up 3 Percent

Namecoin had a couple of close calls with the 40 cents level earlier in the week. The pair dipped to a low of $0.404 on Saturday. But the coin has since bounced back somewhat, mainly propped up by bitcoin’s move higher. The alternative cryptocurrency is trading higher by 1.3 cents to $0.422 or +3 percent today.


Read More https://blog.fxopen.com/bitcoin-jumps-peercoin-lags-behind/