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Bitcoin price analysis
Bitcoin,Litecoin,Bitcoin Price,Ethereum Price
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* All the market data is provided by the HitBTC exchange.
With no breaking news so far, the market stopped growing, which could be described as inertial motion maintaining the past week’s momentum. The leading cryptocurrencies reached the resistance levels specified in the previous articles. Buyers have not yet managed to move prices upwards, hence the correctional movement, a vacillating one, too. Its response to negative news from South Korea considering an ICO ban in the country has been reserved enough.
Increased trading volumes for the leading cryptocurrencies mean that the upward trend in prices may continue, even if the current prices do not change. As of now, ETH, BTC and other market leaders’ trading volumes remain at a much lower level than in the first half of September.
Here is what’s going on with Ethereum.
Those who counted on LTC’s rapid recovery after its fall in September will not be happy either, since LTC/USD is still being traded at $51.
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