Cryptocurrency Analytics from FXOpen - page 38.

anref

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December 25,

Since our last update , bitcoin prices eased up a bit after a failure to move higher. Tuesday’s push stopped short of breaking the $335 level at $334.46 and since then BTC has been in a steady slide lower. We are currently quoted at $319 per coin, about $15 dollars off the December 23rd highs. Bitcoin’s move lower translated to more losses for altcoins. Namecoin broke its yearly low of $0.75 yesterday and Litecoin continued the downtrend, falling to a new low of $2.67 today.

Namecoin Breaks 2014 Low

After hovering above $0.75 for a couple of days, alternative cryptocurrency Namecoin broke the important yearly low yesterday. The fall hasn’t had much follow-through as of yet, NMC is trading at $0.738 at the moment.

Read more https://blog.fxopen.com/namecoin-breaks-yearly-low-peercoin-flat/

anref

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Bitcoin is pushing on the $332 mark after a five day rally lifted prices from a low of $304 on Friday. At the same time, other cryptocurrencies recovered but notably Litecoin continues to trade weak.

Bitcoin Pushing on $332

In the past two days prices had two unsuccessful attempts at breaking this level. Yesterday’s try fizzled out at $332.03. Today the bulls made more headway by pushing BTC to a high of $332.92. But their advance was quickly repelled and we didn’t even get an hourly close above $332.

hobala

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all crypto currencies have downtrend now

anref

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Cryptocurrencies are continuing the downward spiral. Since our last update two days ago, bitcoin broke the $332 swing low. After a short struggle with the bulls, the second swing low at $319 also gave way, opening the door for $300. We are currently quoted at $308.72. As expected, bitcoin’s decline reverberated across the cryptocurrency space, sending Litecoin and Peercoin to new 2014 lows.

Namecoin Joins the Downtrend

Despite the Namecoin rally on Monday, the fall in BTC prices sunk all ships. On Tuesday we said: ‘’ Despite Namecoin’s gains yesterday, the cryptocurrency should continue to trade in tandem with bitcoin’s fortunes. If BTC/USD falls below $330, it will be hard for NMC bulls to keep supporting prices.’’ As big brother broke $330 and $319, NMC/USD broke $0.85 and then $0.80.

Read more...https://blog.fxopen.com/litecoin-peercoin-hit-new-2014-lows/

anref

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Since our last update, BTC prices fell as the Microsoft induced rally fizzled out. Bitcoin is now trading just above the $332 swing low. Peercoin and Litecoin have hit new multi-month lows. Alternative cryptocurrency Namecoin however is still trading strong, up over 6 percent since Thursday.

Bitcoin Nears $332 Again

Bitcoin is currently quoted at $333.77, just shy of the important $332 swing low. The move up sparked by Microsoft accepting BTC for some payments stopped at $356 and it’s been downhill ever since. In a pattern we’ve seen several times this year, after the initial euphoria ended, prices have come back down to erase all gains.

anref

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Cryptocurrencies are getting close to their lows for this year. Bitcoin’s fall during the last two days reverberated in the cryptocurrency arena. In the early part of today’s trading session, BTC/USD broke the $339 support level and fell to a low of $332.51. At the same time, Litecoin broke $3.40 per coin and is nearing $3.05. Both cryptos have since recovered the losses. Namecoin is trading at the $0.85 mark, just 10 cents above its 2014 low.

Litecoin Breaks Important Support at $3.40

Today Litecoin broke the important $3.40 support level. The move lower sent LTC prices to $3.34 before a recovery rally reversed the losses.

Full Post https://blog.fxopen.com/cryptocurrencies-getting-close-to-2014-lows/

Topic: Cryptocurrency Analytics from FXOpen - page 38. (Read 42503 times)