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Altcoins => Altcoin discussion => Topic started by: FXOpen on June 23, 2017, 09:36:29 AM

Title: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on June 23, 2017, 09:36:29 AM
Both Peercoin and Namecoin broke out during this week. The two cryptocurrencies tested their multi-year highs yesterday but have since fallen back a bit.
Peercoin Starts New Rally
With the break above $2.30 PPC/USD is now back in a new uptrend. Yesterday a high of $2.621 was hit on FXOpen, almost matching this year’s high at $2.62 dollars per coin.


(https://blog.fxopen.com/wp-content/uploads/2017/06/PPCUSDH4-june22-Copy-768x363.png)


We have since retraced down to the $2.30 area which is where we find PPC at the moment. By the old trading ‘adage’ that says resistance becomes support, we may encounter some buying pressure around here. Further down more support can be found at the $2 round figure followed by the $1.70 swing low. A breakdown below here would end the current rally. A new downtrend needs a move below the $1.60 level as well.


Higher up the major resistance is the double top around $2.62 dollars. A clean breakout above here could extend the gains. On the longer-term charts, both weekly and monthly, PPC/USD is in bullish mode.

[/size]Also, read about Namecoin on FXOpen blog: https://blog.fxopen.com/new-uptrend-for-peercoin-and-namecoin/[size=78%]
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on July 07, 2017, 08:45:13 AM
Both Peercoin and Namecoin are continuing their upward trends. Compared to two weeks ago we’re seeing continued gains for both of these crypto-currencies.
Peercoin Up 7 Percent
Peercoin prices are up 17 cents or just above 7 percent since our last PPC update. We are currently quoted at $2.47 dollars per coin.
(https://blog.fxopen.com/wp-content/uploads/2017/07/PPCUSDH4-july6-Copy-768x362.png)
Although the gains have stopped for PPC/USD during the past 10 days, the bullish trend is still in place here. Prices peaked at $3.50 on June 23rd, then fell down to a low of $1.90 during the correction. However this missed the potentially trend-ending level at $1.70 so the direction on the daily charts remains up, for now. We need a move below the $2 round figure before we can call the current uptrend over.
The bears will need to decisively break the swing low at $1.90 to start their own trend lower. Support below here can be found at $1.90, $1.70 and the round figure at $1.50. Further down we find more support at the $1.08 swing low followed by the $1 parity level. On the longer-term charts (weekly and monthly) PPC remains in bullish mode.
Read about Namecoin and Bitcoin on FXOpen blog (https://blog.fxopen.com/peercoin-and-namecoin-continue-move-higher/).
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on July 21, 2017, 01:35:25 PM
Bitcoin broke above the important $2,550 level this morning and hit a high of $2,748 on FXOpen and over $2,900 on other exchanges. This had a positive impact across the crypto world as altcoins started to move up as well, at least in dollar terms.


Peercoin Down but Climbing


A lot has happened to Peercoin since our last update two weeks ago. First prices are fell in a downtrend as bitcoin crashed to a low of $1,812 five days ago. Then as BTC/USD reversed course, so did PPC/USD. It’s now quoted at $1.91 dollars per coin.

(https://blog.fxopen.com/wp-content/uploads/2017/07/PPCUSDDaily-july21-Copy-768x361.png)


A break above $2.16 would end the current downward trend on the daily charts. Resistance above here can be found at the $2.5 and $3 levels, followed by the all-time high of $3.50 dollars. A breakout above the $2.71 swing high is needed to jump-start a new PPC rally.

On the way down we have potential support at $1.70 (weak) followed by the $1.40 swing low and the $1.50 round figure. A clean break below here could lead to more losses. On the longer-term charts, Peercoin is still looking bullish.

Read about Namecoin and Bitcoin on FXOpen blog (https://blog.fxopen.com/bitcoin-rally-lifts-all-boats/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on July 28, 2017, 08:44:44 AM

Ether Stays in Downtrend


Ether continues its slow downward trend. It’s currently quoted at 0.07873, down from 0.08875 during our last update (http://"https://blog.fxopen.com/ether-in-downtrend-after-major-losses/"). This is a fall of 11.3 percent.


(https://blog.fxopen.com/wp-content/uploads/2017/07/ETHBTCDaily-july27-Copy-768x338.png)


As you can see on the chart above, it wasn’t smooth sailing for the shorts. Prices initially spiked to a high of 0.0111 on July 18th. This is the date when a list of new EEA members was revealed (http://"https://www.ethereuminvesting.info/single-post/2017/07/18/MasterCard-and-Cisco-Join-Enterprise-Ethereum-Alliance") to the public. Notable names among the list include MasterCard, Cisco, and ScotiaBank. The news spike hit our potential trend-ending level at 0.011 but there was no clean break, only a 0.0001 tick above. Thus the downward trend remains on the daily charts.


The bulls still need a decisive break above 0.011 to end the current bear phase. A breakout here would start a new uptrend as well. On the longer-term weekly and monthly charts, ETH/BTC remains in rally mode.


Read about Bitcoin on FXOpen blog (http://"https://blog.fxopen.com/ether-stays-in-downtrend-bitcoin-up/")
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on August 04, 2017, 10:09:41 AM
Ether Slightly Up, Dash Range-bound

It’s a mixed bag this Thursday for Ether and Dash. While Ether is trading a bit higher since our update last week, Dash continues to range.

Ether Bounces From Lows

Ether prices versus bitcoin bounced from the 0.058 lows on FXOpen to 0.081 right now. The lows on other exchanges were around the 0.066 level.

(https://blog.fxopen.com/wp-content/uploads/2017/08/ETHBTCDaily-aug3-Copy-768x361.png)

Despite the bounce, however, we’re still in a downtrend on the daily charts. The bulls need a break above the 0.0844 swing high to end the current trend. A new rally requires a break of the 0.111 spike high as well. On the long-term weekly and monthly charts ETH/BTC is still looking bullish.

Dash Range-bound

We haven’t done a Dash update in a while due to lots of developments in the bitcoin space. Nonetheless, you haven’t missed much as prices here are still in a range. On the chart below we can see that DSH/BTC spent most of the past two months stuck between 0.06 and 0.08134.

(https://blog.fxopen.com/wp-content/uploads/2017/08/DSHBTCDaily-aug3-Copy-768x361.png)

These remain as the two key levels for this pair. A decisive breakout above 0.08134 should start a new Dash rally. Note that, as usual, we’re looking for a sustained break of this price level and not just a brief and shallow spike above.

A new downtrend needs a break below the strong support at 0.06 BTC. This level got tested twice already (at 0.0606 and 0.0602) on the daily charts and held strong so far. A clean break below here could lead to more gains to the 0.05 round figure and even below. On the long-term charts DSH/BTC is in rally mode as well.

Read about BTC on FXOpen blog (http://"https://blog.fxopen.com/ether-slightly-up-dash-range-bound/")
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on August 10, 2017, 02:37:49 PM
Ether Nears Breakout
Ether prices have gone up almost 10 percent since our last update (https://blog.fxopen.com/ether-slightly-up-dash-range-bound/). We have since broke above the 0.0844 swing high and thus ended the downtrend. Back then we penned the 0.111 spike high as a potential trend starter. Now that level is moved slightly lower to yesterday’s high at 0.09322.
(https://blog.fxopen.com/wp-content/uploads/2017/08/ETHBTCDaily-aug10-Copy-768x363.png)

A decisive breakout above here could start a new ETH rally versus BTC. Resistance above here can be found at the 0.10 BTC round figure and the 0.111 spike high. On the lower end we need a move below the 0.05875 swing low for a new downtrend. On the longer-term weekly and monthly charts ETH/BTC has stayed in a bullish trend for most of this year.
Read about Dash and Bitcoin in crypto analytics  (https://blog.fxopen.com/ether-nears-breakout-dash-down/)on FXOpen blog
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on August 18, 2017, 08:31:27 AM
It’s a mixed bag for the two crypto-currencies we cover on Thursdays. While Dash is continuing the downtrend started last week, Ether is range-bound.

Ether in a Range

Ether prices failed to break above the 0.09322 swing high last week. A break of this level could kick-start a new rally. But after peaking out at 0.093 ETH/BTC saw continued losses every single day. We are now up to seven red (or black) candles in a row.
(https://blog.fxopen.com/wp-content/uploads/2017/08/ETHBTCDaily-aug17-Copy-768x361.png)

Despite the losses however prices are still short of starting a new downtrend. For that, we needed a break below the 0.05875 swing low. Until either of these levels is decisively broken, ETH will remain in a range on the daily charts. On the longer-term weekly charts, ETH/BTC is range-bound as well. Prices are staying in a bullish trend on the monthlies.

Read about Dash and BTC on FXOpen blog (https://blog.fxopen.com/dash-continues-downtrend-ether-in-range/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on August 25, 2017, 10:40:35 AM
Ether Still in Range

While both ETH and BTC continue to clock gains versus the U.S. Dollar, against each other they’re trading flat. Ether is quoted at 0.0745 BTC right now, slightly up compared to prices one week ago.

(https://blog.fxopen.com/wp-content/uploads/2017/08/ETHBTCDaily-AUG25-Copy-768x312.png)

The two important levels haven’t changed much. On FXOpen charts we’re seeing a spike to a low of 0.05495 on August 23rd. But this crash was instantly retraced and could’ve been the result of a bad tick. Thus the key level on the downside remains at 0.05875 BTC. A breakdown below here would start a new downtrend in prices. As usual, we’re looking for a decisive break, not just a brief and shallow spike below/above the levels.

On the upside, the figure to watch remains at 0.09322. A breakout above here could start a new ETH rally. Not far from here we find the first notable resistance at the 0.1 round figure, followed by another important level at 0.111 BTC per coin. A break of this level could lead to more gains higher up. On the long-term charts ETH/BTC is bullish on the monthlies but range-bound on the weeklies.



Read about Dash on FXOpen blog (https://blog.fxopen.com/dash-spikes-higher-eth-still-in-range/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on September 01, 2017, 09:49:59 AM

Ether Remains in Range


Despite the large gains in ETH/BTC however, the pair is still trading inside that range. We hit a high of 0.08423 yesterday, far below the 0.09322 swing high.


(https://blog.fxopen.com/wp-content/uploads/2017/08/ETHBTCDaily-aug31-Copy-768x312.png)



Like we said last week, a breakout above here is needed for a new rally. Higher up the first important resistance is at the 0.1 round figure, followed by another important level at 0.111 BTC per coin. A break of this level could lead to more gains.


On the lower end the bears are looking at 0.05875 BTC. A breakdown below here could start a new downtrend in prices. On the weekly charts ETH/BTC is range-bound as well. On the monthlies the pair is still looking bullish.


Read also about Dash and BTC on FXOpen blog (https://blog.fxopen.com/gains-for-dash-and-ether/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on September 08, 2017, 11:40:03 AM

Ether Still in a Range



Ether is still trading inside that month-long range. We are currently trading at 0.07158, down by over 10 percent since last Thursday. However as you can see on the chart below, this wasn’t enough enter a bear market. We simply moved from the top of the range toward the middle.


(https://blog.fxopen.com/wp-content/uploads/2017/09/ETHBTCDaily-sept7-Copy-768x312.png)



A major upgrade in the ETH network is coming at the end of September. Metropolis will decrease the mining reward but also lower the block time, leading to a slight decrease in the level of inflation. You can read more about the coming Metropolis hard fork HERE (https://cointelegraph.com/news/ethereum-announces-metropolis-hard-fork-coming-late-september). This news event could be just what Ether needs to finally break out of its funk.


A breakout above 0.07 BTC (slightly above the 0.08621 swing high) could start a new ETH rally. Higher up the first notable resistance is at the 0.1 round figure, followed by another important level at 0.111 BTC per coin. A break of this level could lead to more gains.


On the lower end the bears are looking at 0.05875 per BTC. A breakdown below here could start a new downtrend in prices. Our chart above shows a lower low at 0.05495 but this spike low is not present on other charts.  On the weekly charts ETH/BTC is range-bound but on the monthlies the pair is still looking bullish.


You can read about Bitcoin and Dash on FXOpen blog (https://blog.fxopen.com/dash-rally-loses-steam/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on September 22, 2017, 11:37:27 AM

Range in ETH/BTC Continues


The weeks-long trading range in ETH/BTC continues. We are currently quoted at 0.07304, up by few percentage points since last week. No important support/resistance points have been taken out yet.


As you can see on the chart below, the range is getting ever narrower, a good indicator that we will see a breakout soon. Will the catalyst be Metropolis, the expected protocol upgrade? If everything goes well on the testnet, Byzantium (https://blog.ethereum.org/2017/09/14/geth-1-7-megara/), the first part of the Metropolis upgrade, should launch around October 9th.


(https://blog.fxopen.com/wp-content/uploads/2017/09/ETHBTCDaily-sep21-Copy-768x361.png)



The two main levels to watch are 0.08423 BTC on the upside and 0.06626 BTC on the downside. A break of either of these points could lead to a prolonged move higher/lower. If everything goes well with the upgrade then ETH should clock some gains. Problems with the hard fork could lead to a loss of confidence and thereby drop in the price. Hard forks are not very risky if the overwhelming majority of the ecosystem gets behind them, which seems to be the case here.


On the longer-term charts we’re seeing a mixed picture. The weekly is range-bound as is the daily. But the monthly chart is still showing an upward trend.


Read about Dash on FXOpen blog (https://blog.fxopen.com/range-in-ethbtc-continues/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on September 29, 2017, 10:48:48 AM
Another Range-bound Week for ETH

Another range-bound week for ETH/BTC. We are trading at 0.07143 BTC right now, down from 0.07304 last week (http://"https://blog.fxopen.com/range-in-ethbtc-continues/"). This is a drop of only 2 percent, small amount for a crypto-currency pair.

(https://blog.fxopen.com/wp-content/uploads/2017/09/ETHBTCDaily-sep28-Copy-768x361.png)

On the news front things are looking ‘rangey’ as well. The proposed Byzantium upgrade got postponed (http://"https://www.coindesk.com/ethereums-byzantium-upgrade-postponed-october-17/") by 8 days to block 437,000,000. This is expected to happened on October 17th versus a previous date of October 9th. A malicious user attacked the Byzantium testnet filling entire blocks with spam contracts. Avoiding any further hiccups will be key for the ETH price going forward.

A breakout above the 0.0775 BTC per coin would start a new rally in ETH/BTC. Resistance above here can be found at the 0.08423 and 0.08621 swing highs. A clearing of this resistance area would push us closer toward the next important level at 0.09322 BTC.

On the lower end, the bears need a break below the 0.06626 swing low to start the downtrend. Support further down can be found at the 0.05875 swing low and the 0.05 round figure. The weekly chart is range-bound as well. The monthly chart is still showing an upward bias.

Read also about Dash on FXOpen blog (http://"https://blog.fxopen.com/dash-loses-gains-eth-still-in-range/")
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on October 05, 2017, 03:51:11 PM
Ether Resting on Key Support

Ether is resting near key support around 0.06626 BTC. A few days ago we again tested this level with prices bottoming out at 0.06643 BTC before climbing higher. But the bounce was short-lived and we are currently quoted at 0.06763 BTC, very close to the lows.

(https://blog.fxopen.com/wp-content/uploads/2017/10/ETHBTCDaily-oct5-Copy-768x361.png)

The support near 0.06626 BTC has been tested multiple times and remains a key level going forward. A break of this important support could start a new downtrend in ETH/BTC. On the other end, we have the swing high at 0.07750 BTC. A breakout above here could lead to a new rally. As usual with these levels, we’re looking for a sustained break, not just a brief and shallow spike lower/higher.

With prices just skirting on support, things are looking grim for the bulls right now. But all hope is not lost. The Byzantium protocol upgrade has been hard-coded and is now set at block 4,370,000. Current projections put this on October 17th. If everything goes well, the upgrade should improve the speed and security of the network, as well as have a positive impact on the price of Ether. On the weekly charts, ETH/BTC is range-bound as well. The monthlies are still showing a bullish bias.

Read about Dash on FXOpen blog (http://"https://blog.fxopen.com/ether-resting-on-key-support/")
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on October 12, 2017, 03:24:44 PM
ETH/BTC Crumbles as Support Breaks

The key support level at 0.06626 BTC fell on Monday and led to a quick drop to 0.05845. In percentage terms, this  was a loss of close to 12% in less than 20 hours. In the next few days prices recovered somewhat but today the decline resumed and we hit new lows at 0.05814 BTC. We are currently trading just slightly off the lows at 0.05834 per BTC.

(https://blog.fxopen.com/wp-content/uploads/2017/10/ETHBTCDaily-oct12-Copy-768x361.png)

As we wrote last week, 0.06626 was key support. A new downtrend has now commenced in ETH/BTC. To end it, the bulls will have to break above the 0.07136 swing high. Higher up a breakout above the next important swing high at 0.07750 is needed for a new uptrend.

Below current prices support can be found at the 0.05 round figure and the 0.04405 swing low, followed by another round level at 0.04 and the 2016 high at 0.03720 BTC. Further down we find a strong support area consisting of the 0.03409 swing high and the 0.03383 swing lows. A clearing of this area could lead to accelerated losses in ETH/BTC. On the longer-term charts, the situation hasn’t changed much. The weekly chart is range-bound while the monthly is still in rally mode.

Read about DSH/BTC on FXOpen blog (http://"https://blog.fxopen.com/ethbtc-crumbles-dash-continues-downtrend/")
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on October 20, 2017, 02:07:08 PM
No Help from Byzantium

The Byzantium upgrade transpired this week. For more on what this upgrade entails, please take a look HERE. While technically there were no major problems, price-wise there was no boost for Ethereum. As you can see on the chart below, the short-lived bounce in ETH/BTC was sold into. We’re currently quoted at 0.05329, down by 8.6 percent since last Thursday.


(https://blog.fxopen.com/wp-content/uploads/2017/10/ETHBTCDaily-oct20-Copy-768x361.png)


The downtrend is still firmly in place. To end it, the bulls will have to rally past the 0.06303 BTC swing high. A new uptrend, on the other hand, needs a break above the 0.07136 swing high. The key support below will be the 0.05 round figure. This a double bottom, with lows made back in August and most recently last week. A decisive break below this important pivot could lead to accelerated losses in ETH/BTC.

Further down we have some support at the 0.04405 swing low, followed by another round level at 0.04 and the 2016 high at 0.03720 BTC. Lower still we find a strong support area consisting of the 0.03409 swing high and the 0.03383 swing lows. A clearing of this area could lead to more losses. On the longer-term charts, the situation is still mixed. The weekly chart is range-bound while the monthly is in rally mode.

Read about Dash on FXOpen blog (https://blog.fxopen.com/eth-doesnt-get-help-from-byzantium/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on November 03, 2017, 12:48:25 PM
New Lows for ETH/BTC

The ETH vs BTC ratio got even lower this week, falling to 0.03712 earlier today. We have since bounced back somewhat and the pair is quoted at 0.04047 BTC right now. This is a loss of close to 20 percent since our last update (https://blog.fxopen.com/ether-dash-downtrends-continue/).

(https://blog.fxopen.com/wp-content/uploads/2017/11/ETHBTCDaily-nov2-Copy-768x361.png)

As noted in that article, before the last fork called ‘bitcoin gold’, traders dumped everything to buy BTC in order to receive the ‘free dividend’. Back then we traded as low as 0.04661 BTC going into the bitcoin fork (https://blog.fxopen.com/bitcoin-rallies-on-another-fork/). Now we have a similar situation with another fork (potentially) coming on block height 494784. Current estimates put the fork in the morning on November 16th.
The downtrend started with the break of the 0.06626 support level continues. To end it, the bulls have to push ETH above the 0.05545 swing high. A move above the 0.06162 swing high is needed to switch the trend to bull. On the longer-term charts we see a mixed picture. Like the daily , the weekly is in a downtrend. But the monthly is still in rally mode. However note that monthly trends take many months to establish and unwind.


Read about Dash on FXOpen blog (https://blog.fxopen.com/altcoin-sell-off-repeats/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on November 09, 2017, 04:12:22 PM
ETH Rallies on Segwit2x cancellation

The planned 2MB block increase got cancelled yesterday. The announcement on linuxfoundation.org (https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html) says:

‘Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth’

The post is signed by the lead Segwit2x developer Jeff Garzik, Jihan Wu, a major Chinese miner and Mike Belshe, CEO of BitGo. Erik Voorhees confirmed the news on his twitter (https://twitter.com/ErikVoorhees/status/928316364585963520).


(https://blog.fxopen.com/wp-content/uploads/2017/11/ETHBTCH1-nov9-Copy-768x361.png)



After an initial relief rally from $7,462 to $7,887 on FXOpen, we saw an unwinding of the ‘free money’ trade. Bitcoin fell to a low of $6,980 in the next hour. Later in the day, it stabilized around $7,200 dollars per coin. A similar (but upside down) pattern was observed in ETH/BTC. Here we first fell to a low of 0.03773 BTC then rallied to a high of 0.044 BTC. The pair is trading at 0.0428 BTC right now.


Technically ETH/BTC is still in a downtrend on the daily charts. A decisive breakout above the 0.05 round figure is needed to end it. A move beyond the 0.05545 BTC swing high would start a new rally. No change on the longer-term timeframes. Here the pair is in a downtrend on the weekly charts but in an uptrend on the monthly.


Read also about Dash on FXOpen blog (https://blog.fxopen.com/altcoins-rally-as-segwit2x-is-cancelled/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on November 17, 2017, 11:17:46 AM

ETH/BTC Back in Range

Ether is back in a range versus bitcoin. This week’s push above 0.05 BTC ended the downtrend. But the gains stopped not far from here without breaking the important 0.05545 swing high. Thus no rally was triggered.

(https://blog.fxopen.com/wp-content/uploads/2017/11/ETHBTCH4-nov17-Copy-768x361.png)

As you can see on the chart above the segwit2x relief rally (http://) was being sold into. But the bears need a break below last week’s low at 0.03712 for a new downtrend. The other trend-starting level is 0.05545 BTC on the upside. A breakout above here could start a rally. Slightly below here we have two weaker resistance levels at the 0.05 round figure followed by this week’s top at 0.0541 BTC per coin. On the longer-term charts, the picture is mixed, downtrend on the weekly but bullish on the monthlies.

Read also about DSH and BTC on FXOpen blog (http://)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on November 23, 2017, 02:03:54 PM

Ether Still in Range


Despite being up 5.25% today and 17 % since our last update (https://blog.fxopen.com/altcoins-back-under-pressure/), ether is still in a trading range (vs BTC) on the daily charts. Against the U.S. Dollar, ether peaked above the $400 round figure earlier today and is nearing its all-time high at $415 dollars.


As you can see on the chart below, ETH/BTC hasn’t broken the two important swing points at 0.03712 on the downside and 0.05545 BTC on the upside.


(https://blog.fxopen.com/wp-content/uploads/2017/11/ETHBTCDaily-nov23-Copy-768x361.png)


No clear trend can emerge until one of these levels is decisively broken. Below 0.05545 we find two weaker resistance levels at the 0.05 round figure followed by last week’s high at 0.0541. On the longer-term charts we have a downtrend on the weekly but uptrend on the monthlies.


Read about DSH/BTC and BTC/USD on FXOpen blog (https://blog.fxopen.com/large-gains-in-altcoins/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on December 01, 2017, 01:52:28 PM
Failed Breakout for ETH/BTC


Ether had a brief break above the upper end of the range at 0.05545 BTC. A high of 0.05906 BTC was seen on November 25th but prices topped out here. We are currently trading much lower at 0.0435 BTC per coin.


(https://blog.fxopen.com/wp-content/uploads/2017/12/ETHBTCDaily-dec1-Copy-768x361.png)

After that failed breakout ETH prices are back in a range. The threshold to start a new rally has now moved to 0.05906 BTC. On the lower end the bears need to push ETH/BTC below the 0.03712 lows to start a new downtrend. On the longer-term charts the picture is mixed. On the weekly charts prices are looking bearish but on the monthly the situation is reversed, with ETH still in an uptrend.

Read also about DSH/BTC and BTC/USD on FXOpen blog (https://blog.fxopen.com/failed-breakout-for-eth-dash-up/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on December 08, 2017, 08:56:39 AM
ALTCOINS SOLD FOR BTC
Altcoins are getting sold aggressively for BTC. Since last Thursday BTC/USD gained over 60 percent while ETH/BTC dropped by close to 45 percent. Now both ETH and Dash are in a bear market versus BTC.
ETH/BTC Drops by 45 Percent
Ether has lost almost 45 percent of its value versus bitcoin. There’s a speculative rush into BTC, likely preempting the launch of bitcoin futures. The CBOE announced  (https://www.cnbc.com/2017/12/04/cboe-announces-it-will-launch-bitcoin-futures-on-dec-10.html)that they will launch bitcoin futures this Sunday at 6 PM EST. Their competitor the CME will do so 8 days later.(https://blog.fxopen.com/wp-content/uploads/2017/12/ETHBTCDaily-dec7-Copy.png)
Today the price of bitcoin hit a new all-time high of $16,614 dollars per coin, peaking at close to $20,000 on some other exchanges. Right now we are trading close to the Fxopen highs at $16,600 dollars. The surge in BTC/USD has led to a massive sell-off in altcoins, with ETH/BTC dropping by 44.83 percent in only seven days.

As we said back on Thursday (https://blog.fxopen.com/failed-breakout-for-eth-dash-up/), the bears need to push ETH/BTC below the 0.03712 lows to start a new downtrend. As can see on the chart above since that break the losses in this pair has been massive. A move back above the 0.05 round figure is needed to end this downtrend. A break above the 0.05906 BTC swing high would shift the trend to the upside. On the longer-term charts ETH/BTC is in a downtrend on the weekly chart but in an uptrend on the monthlies.
Read about Dash Trend Shifts and Bircoin on FXOpen (https://blog.fxopen.com/altcoins-sold-for-btc/).
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on February 02, 2018, 12:38:05 PM

Ether Rallies 13% then Loses All Gains


Ether prices rallied over 13% versus bitcoin yesterday and hit 0.121 BTC per coin. The highs were quickly sold into however as the general crypto market saw declines. Bitcoin is currently down almost 15% versus the U.S. Dollar and that usually triggers altcoin losses as well.


(https://blog.fxopen.com/wp-content/uploads/2018/02/ETHBTCH4-fev1-Copy-768x361.png)



The ETH/BTC pair is quoted at 0.0976 right now. As you can see on the chart above, the V-shaped formation shows that all gains during the past 24 hours have been lost.


Nonetheless the pair remains in an uptrend. To end it the bears will need to push us below the 0.087 BTC swing low. A break below 0.08 BTC may start a new downtrend. Above these levels we find support at 0.095 BTC. Higher up there’s resistance at yesterday’s high of 0.121 BTC followed by the 0.15 round figure and the 0.15098 all-time high. On the longer-term weekly and monthly charts ETH/BTC  is still looking bullish.


Read about DSH/BTC in our blog post (https://blog.fxopen.com/ether-rallies-13-then-loses-all-gains/).
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: Carlos12 on February 02, 2018, 06:31:35 PM
Is this going to have a soon recovery? For how long I've to wait
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on February 14, 2018, 10:41:32 AM

Bitcoin Up by 13 Percent


Bitcoin is currently quoted at $8,520 dollars per coin, up by $952 dollars since our last update. This is a gain of close to 13 percent, 12.82% to be exact.


(https://blog.fxopen.com/wp-content/uploads/2018/02/BTCUSDH4-fev13-Copy-768x361.png)


This is largely a technical rebound after the large +50% drop that transpired from January 28th to February 6th. During this time bitcoin peaked at $12,161 dollars only to drop to a low of $5,980 only ten days later. The major source of market stress during this time was news that the U.S. government subpoenaed both Bitfinex and Tether.


On the daily charts, BTC/USD technically remains in a downtrend. Before we can call this trend over we need to see a decisive breakout above the $9,475 swing high. Above here the $10,000 round figure should act as resistance but a more important level is $12,161 dollars. A breakout above it could start a new rally.


Below current prices, we find weak support at the previous swing lows of $7,841 and $7,705, followed by the $7,000 and $6,000 round figures. The multi-month low at $5,980 dollars is another notable support, a break of which could intensify the losses. On the weekly charts, BTC is range-bound while the monthly is still keeping the bullish bias.


Read about LTC in our blog post (https://blog.fxopen.com/more-gains-for-bitcoin-litecoin/).
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on February 21, 2018, 02:17:52 PM
Litecoin Surges 46 Percent


Litecoin has been the big winner during the past week. Prices surged higher and are quoted at $227 dollars right now. This is a gain of $72 dollars or just over 46 percent in seven days.


(https://blog.fxopen.com/wp-content/uploads/2018/02/LTCUSDH4-fev20-Copy-768x361.png)



The two main drivers behind the gains have been Litepay (https://www.cnbc.com/2018/02/14/litecoin-jumps-30-percent-as-traders-bet-on-more-users-upcoming-split-into-litecoin-cash.html) and a new fork called Litecoin Cash. While Litecoin founder Charlie Lee called the new fork a “scam” many users seem to have taken up the offer, buying up LTC ahead of the fork in order to benefit from the ‘free coins’. This fork already transpired on Sunday as every Litecoin holder got 10 Litecoin cash coins. So far no major exchanges are supporting the new fork so it’s hard to derive its true value. But on the exchanges where it’s traded prices fluctuated wildly from $5 to $10 dollars per coin. It’s currently quoted at 0.000584 BTC or $6.44 dollars.


Technically LTC/USD is now in rally mode. The bears will need to push prices below $136 dollars to end it. Support above here can be found at the $150 and $160 round figures, followed by the $168.13 and $173.25 swing highs. Higher still there’s more support at the former resistance now turned support at $196.22 and at the $200 round figure. On the weekly and monthly charts Litecoin is also in an uptrend.


Read about BTC/USD in our blog post (https://blog.fxopen.com/litecoin-shines-in-altcoin-slaughter/).
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on February 23, 2018, 01:50:28 PM

Ethereum Down Over 10 Percent


Ether is quoted at 0.08326 BTC right now, lower by over 10 percent. The downtrend in ETH/BTC continues for another week. To end it the bulls will have to push us back above the 0.1 BTC round figure.


(https://blog.fxopen.com/wp-content/uploads/2018/02/ETHBTCH4-fev22-Copy-768x361.png)


Support on the way down can be found at the recent swing low of 0.07614 BTC followed by the 0.07 and 0.06 BTC round figures. A new uptrend requires a break of the 0.11139 BTC swing high. On the weekly and monthly charts ETH/BTC is still looking bullish.


Read about DSH/BTC and BTC/USD in our blog (https://blog.fxopen.com/more-losses-for-ether-dash/).
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on April 06, 2018, 02:36:40 PM

Ether Downtrend Still in Force


The downtrend for ETH/BTC continues for another week. Right now the crypto is trading at 0.05430 per BTC, around 4 percent off the lows.


(https://blog.fxopen.com/wp-content/uploads/2018/04/ETHBTCDaily-apr5-Copy-768x361.png)


We’ve been mostly range-bound during the past few days but we’re still far from ending the bearish trend on the daily charts. For that to happen the bulls need to push us above the 0.06030 BTC swing high. Higher up a break above 0.072 BTC is needed to trigger a new uptrend.


Below current prices there’s major support in the 0.050 – 0.052 BTC area. A decisive break below the 0.05 round figure would exacerbate the losses for Ether. On the longer-term charts ETH/BTC is looking range-bound on the weeklies but bullish on the monthly charts.


Read about DSH/BTC on FXOpen blog (https://blog.fxopen.com/more-losses-for-ether-dash-2/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on May 22, 2018, 02:45:40 PM

Litecoin Remains in Downtrend


Similarly to bitcoin, litecoin too remains in a downtrend. We are currently quoted at $133 dollars and trading just above a set of several potential support levels at $130.70, $128.57 and $125 dollars. A clearing of this support area should lead to further losses.


(https://blog.fxopen.com/wp-content/uploads/2018/05/LTCUSDDaily-may22-Copy-768x361.png)



The first strong level of support after this area can be found at the $108.44 swing low. The low for 2018 is close to here at $105.55 dollars, some traders may choose to wait until that level is taken out as well. Further down the $100 round figure may also act as weak support to falling prices.


On the top end we have resistance at $142 dollars followed by the $150 round figure. Higher up a breakout above the $152.80 swing low would end the current bearish trend on the daily charts. A move above the $184.47 swing high is needed for a new LTC rally. On the longer-term weekly and monthly charts LTC/USD is still looking bullish.


Read about BTC/USD on FXOpen blog (https://blog.fxopen.com/bitcoin-litecoin-continue-downtrends-2/)

Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on May 25, 2018, 02:47:40 PM

Ether in Range


Ether prices are back in a range vs bitcoin on the daily charts. You can see this range marked with a yellow rectangle on the charts below. The pair dropped to a low of 0.07437 BTC earlier today during a bout of selling across the board. With a previous swing low at 0.07413 BTC, this formed somewhat of a double bottom.


(https://blog.fxopen.com/wp-content/uploads/2018/05/ETHBTCDaily-24may-Copy-768x361.png)



A clearing of this bottom would start a new downtrend in ETH/BTC. On the upside the bulls need a breakout above the most recent swing high at 0.08542 BTC. This could re-start the move higher. Resistance above can be found at the 0.08829 swing high and the 0.09 and 0.1 BTC round figures. A decisive breakout above here may open to door to this year’s high at 0.121 BTC. On the longer-term weekly charts Ether is also range-bound. The trend is bullish on the monthlies but these charts take a longer time to turn.


The major event today and the reason for selling in ETH and BTC was news that the U.S. Justice Department entered a criminal probe into crypto price manipulation. The article says that the investigation is focused on illegal practices that can influence prices such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling. Bloomberg specifically lists BTC and ETH as some of the coin markets that are being investigated. This was probably the reason why the selling was concentrated in these two cryptos while some others fared better.


Read about DSH/BTC here (https://blog.fxopen.com/ether-in-range-dash-still-down/).
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on June 01, 2018, 07:49:01 AM
More Losses for Litecoin

Similarly to BTC, litecoin saw more losses since last Tuesday. The altcoin is down by $16 dollars or 12 percent. We are currently trading at $118.25 dollars per coin.

(https://blog.fxopen.com/wp-content/uploads/2018/05/LTCUSDDaily-may31-Copy-768x361.png)

While no large moves have been seen during the past few days, the trend is still down. To end it we need a breakout above the $140.62 swing high. A move beyond $160 dollars is needed for a new uptrend.

On the lower end there’s a large area of strong support, starting from the $109.28 low hit on Tuesday and ending with the low for 2018 at $105.55 dollars. Notice how the situation here looks very similar to what’s going on with BTC/USD. Both coins are sitting on top of a large support area, a break of which could lead to extended losses below. On the longer-term weekly and monthly charts LTC/USD is still in an uptrend.

Read BTC/USD analysis on FXOpen blog (https://blog.fxopen.com/more-losses-for-btc-and-ltc/).
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on June 28, 2018, 09:38:56 AM
Ether is sitting on the important important around 0.07 BTC per coin. Meanwhile Dash is making new yearly lows and is quoted at 0.03693 BTC at the moment.
Ether Sits on Support
After falling by almost 10 percent since last Thursday (https://blog.fxopen.com/dash-down-3-ether-still-in-range/), Ether is back at the important support of 0.07 BTC. Yesterday we briefly dipped below this important level and traded as low as 0.06961 BTC. But as we frequently point out here we are looking for a decisive break of a level, not just a quick and shallow spike below it. There are lot of games being played around important levels like 0.07 BTC so you shouldn’t jump the gun too quickly.

(http://blog.fxopen.com/wp-content/uploads/2018/06/ETHBTCDaily-june28-Copy-768x361.png)
Ether is quoted at 0.07107 BTC right now. A decisive breakdown below 0.06961 BTC is needed to finally start the downtrend on the daily charts. For now the pair remains in a range. Support below here can be found at 0.06606 BTC followed by the former swing high at 0.05906 BTC.
Continue reading... (http://blog.fxopen.com/ether-sits-on-support-dash-lower/)

Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on July 06, 2018, 02:19:38 PM
ETHER LITTLE CHANGED, DASH DOWN

Both Ether and Dash are trading little changed versus bitcoin. Ether is up by 0.11% while Dash is lower by 0.84 percent since last Thursday. Not large moves by any means and especially not for the crypto market which tends to be more volatile than traditional markets.

Ether Little Changed

Ether is quoted little changed vs BTC. The altcoin had a short and uneventful trip below the 0.07 BTC figure on June 30th only to bounce back quickly. We are quoted at 0.07115 BTC right now, not far from where wewere trading at on June 28th.


(https://blog.fxopen.com/wp-content/uploads/2018/07/ETHBTCDaily-july5-Copy-768x361.png)

Ether is still in range on the daily charts, we remain in ‘wait and

see’ mode here. The shallow break below the previous lows doesn’t count as a trend changer.

Continue reading... (https://blog.fxopen.com/ether-little-changed-dash-down/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on July 12, 2018, 12:38:55 PM
Ether Teeters on Support


Ether is quoted at 0.06946 BTC right now, desperately trying to climb back above the 0.07 BTC figure. Two days ago a new multi-week low of 0.06734 BTC was hit but as you can see on the chart below we bounced back quickly from here. While the support is now technically broken, we can’t call for a downtrend yet. For that to happen we need to see a decisive breakdown of a level not just a quick and shallow break.


(https://blog.fxopen.com/wp-content/uploads/2018/07/ETHBTCDaily-july12-Copy-768x361.png)


A break of 0.06734 BTC is now needed for a new downtrend. Weak support below here can be found at 0.06606 BTC followed by the former swing high at 0.05906 BTC. On the upper end, we need to see a break above 0.08015 BTC for a new rally. Higher up there’s resistance at 0.08542 BTC followed by the 0.08829 swing high. Higher still we have the 0.09 and 0.1 BTC round figures as potential resistance levels. A breakout above may open to door to this year’s high at 0.121 BTC. On the weekly charts ETH/BTC is also range-bound. The monthlies are still looking bullish.


Read about DSH/BTC on FXOpen blog (https://blog.fxopen.com/ether-teeters-on-support-new-lows-for-dash/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: CybereyesWinger on July 19, 2018, 09:27:43 AM
Both Peercoin and Namecoin broke out during this week. The two cryptocurrencies tested their multi-year highs yesterday but have since fallen back a bit.
Peercoin Starts New Rally
With the break above $2.30 PPC/USD is now back in a new uptrend. Yesterday a high of $2.621 was hit on FXOpen, almost matching this year’s high at $2.62 dollars per coin.
We have since retraced down to the $2.30 area which is where we find PPC at the moment. By the old trading ‘adage’ that says resistance becomes support, we may encounter some buying pressure around here. Further down more support can be found at the $2 round figure followed by the $1.70 swing low. A breakdown below here would end the current rally. A new downtrend needs a move below the $1.60 level as well.
Higher up the major resistance is the double top around $2.62 dollars. A clean breakout above here could extend the gains. On the longer-term charts, both weekly and monthly, PPC/USD is in bullish mode.


   Attention! Without certain experience, Trading and Hodling are risky. The most acceptable method of investing at the moment is ICO. For a more successful contribution, you need to carefully analyze the project. Identify is necessary for the market side. For example, the Kelvin Blockchain project has an innovative method of encryption, transmission, storage, and security. All this is based on quantum computing. Thus becoming in demand in the future.
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on September 14, 2018, 09:29:16 AM
Ether Hits New 2018 Lows

On Wednesday ETH/BTC hit a new 2018 low at 0.02620 BTC. The represents a loss of 48% from the 0.05052 BTC price recorded only one month ago. In USD terms ETH hit a low of $167 dollars on September 12th before bouncing. We are currently quoted at 0.03138 BTC, around 20 percent off the lows.

(https://blog.fxopen.com/wp-content/uploads/2018/09/ETHBTCDaily-sept14-Copy-768x361.png)

While the downtrend is still in play on the daily charts, we already had some severe losses. Add to that the fact that the trend is now over 2 months old, it’s probably too late to jump in at this stage. Shorts should pay attention to the area around 0.03873 BTC. A breakout above here could finally end the bear. A new rally however requires a breakout above the 0.04171 BTC swing high. More resistance higher up can be found at the 0.04843 BTC swing high and the 0.05 round figure.

On the lower end there’s weak support at the most recent swing low of 0.02620 BTC, followed by the December 2017 lows at 0.02287 BTC. The 0.02 round figure could also act as temporary support. On the longer-term charts ETH/BTC is bearish on the weekly and range-bound on the monthly charts.

Read also DSH/BTC on FXOpen blog (https://blog.fxopen.com/dash-bucks-crypto-downtrend/).
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on March 07, 2019, 02:00:15 PM
LTC/USD

From Monday when the price of Litecoin was around $46 at the open, measured to its highest point at $58.63, we have seen an increase of 27.52%.

(https://blog.fxopen.com/wp-content/uploads/2019/03/ltcusd-1h-1024x449.png)

Looking at the hourly chart, you can see that the price has entered the resistance zone once more and has managed to come up to its upper level, even going slightly above it. But since the resistance there was strong the price has started struggling to keep up its bullish momentum.

Previously as we have seen an impulsive move to the upside, which was the Y wave for the WXY correction, I don’t believe that this is the start of a new one. Most likely we are seeing a retest of the previous support for the resistance. Now this happened and I would be expecting a retracement as the price of Litecoin increased by 146.56% from 15th of December when it was around $24.

We might see another attempt for a breakout to the upside, but I wouldn’t expect it to continue for much longer as it will most likely end as a fakeout. According to my count, we have seen the end of the three-wave correction to the upside, so now either a trend continuation should occur or further prolongation of the mentioned correction in a form of the second wave X.

Read also EOS/USD outlook on FXOpen blog (https://blog.fxopen.com/ltc-usd-eos-usd-one-more-high-before-a-retracement/).
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on April 04, 2019, 12:40:47 PM
LTC/USD

From last Thursday when the price of Litecoin was sitting around $62.44 until April 2nd, the price was decreasing steadily as it has depreciated by 2.23%, coming to $61. As the price started increasing since Tuesday’s low, strong momentum was shown making the price to increase by 62.68% measured to the highest point the price has been yesterday at $99.231.

(https://blog.fxopen.com/wp-content/uploads/2019/04/ltcusd-1h-768x336.png)

Looking at the hourly chart, we can see that the price of Litecoin increased parabolically and has come up in a five-wave manner, which in combination with the amount of the increase indicates clear impulsiveness. Now that the price ended its impulsive increase we have seen a corrective decrease of over 18% if we measure to the lowest point the price has been today at $78.155, but the hourly candle closed above the $84.7 leaving a large wick on the hourly chart.

Read more on FXOpen blog (http://"https://blog.fxopen.com/ltc-usd-and-eos-usd-in-a-corrective-decrease/").
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on April 18, 2019, 02:39:03 PM

LTC/USD


From yesterday when Litecoin was at $81.894 the price hasn’t changed much as its currently being traded at around $81.


(https://blog.fxopen.com/wp-content/uploads/2019/04/ltcusd-1h-2-768x318.png)


On the hourly chart, you can see that the price of Litecoin has been moving sideways from the 12th of April when a decrease with strong momentum has been made. As the price previously ended its impulsive move to the upside, a correction started developing out of which we have seen three waves. This means that I could have ended with the current structure being a consolidative range before finally the next move to the upside would start.


Read more... (http://"https://blog.fxopen.com/ltc-usd-and-eos-usd-moving-sideways/")
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on August 22, 2019, 03:16:22 PM
EOS/USD analysis


Last week on Thursday the price of EOS was sitting at $3.31 at its lowest spike from where we’ve seen a 14% recovery until Monday when the price reached $3.78 at its highest. But from Monday we have seen another downtrend developing with the price moving back to the last week’s low vicinity above which it is currently being traded at $3.588.


(https://blog.fxopen.com/wp-content/uploads/2019/08/eosusd-1h-3-1024x481.png)
On the hourly chart, you can see that after a breakout from the horizontal range above $4.16 a lower low has been made compared to the ending point of the corrective wave Y which could indicate that the correction got prolonged by two more waves similarly like in the case of Litecoin.
Read more analysis... (https://blog.fxopen.com/ltc-and-eos-recovery-soon-expected-but-decline-is-yet-to-end/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on August 27, 2019, 03:44:33 PM
XRP/USD analysis

The price of Ripple has been attempting to hold above its lower horizontal support level at $0.26617 which is below the significant one at $0.29450 and has formed a symmetrical triangle which could be interpreted as a bearish pennant. The pennant is known as a trend continuation pattern which is why we could see a breakout to the downside but the price of Ripple is at its lowest levels since September last year and has fallen by over 50% from its yearly high which is why we could see the level holding with the recovery to the upside starting soon.


(https://blog.fxopen.com/wp-content/uploads/2019/08/xrpusd-4h-1024x480.png)
On the 4-hour chart, you can see the significance behind the $0.26617 level as there aren’t any horizontal support levels close below it. If the price continues moving to the downside below this support level and we see a breakout with strong bearish momentum the next significant support level which could stop out the sell-off would be at $0.22 but the furthers one could even be at $0.1518.
Read more at FXOpen forex blog (https://blog.fxopen.com/bitcoin-and-ripple-a-breakout-to-the-downside-looks-close/)
Title: Re: Cryptocurrency Analysis from FXOpen broker
Post by: FXOpen on August 29, 2019, 12:03:05 PM
LTC/USD

From last week’s high when the price of Litecoin has been sitting around $75.642 on Friday, we have seen a decrease of 14.48% measured to the lowest point the price has been today which is at $64.7. The price is currently being traded slightly higher but is retesting the low level’s vicinity.

(https://blog.fxopen.com/wp-content/uploads/2019/08/ltcusd-1h-4-1024x533.png)

As you can see from the hourly chart the price went on to break out from the descending triangle on the upside but since it failed to exceed the prior high and instead made a lower one we have seen a downfall below the significant horizontal level at $69.


Read more on FXOpen blog... (https://blog.fxopen.com/litecoin-and-eos-higher-degree-downtrend-confirmed/)