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Price analysis for Bitcoin, Ethereum, Litecoin
The views and opinions expressed here are those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
The news from China over the last couple of days has been the main driver of cryptocurrency movement.
To sum up, China follows the path of regulation. Even though there are as yet no radical announcements from the Chinese government, many insiders behaved as alarmists - and the market reacted accordingly.
Since volatility has been huge, it makes sense to look at day charts.
Many cryptocurrencies have been subject to volatility lately, and Ethereum is no exception.
Fundamentally, the project is going well. ERC-20 is becoming an industry standard. The number of Ethereum ICOs is huge. This is a good sign for the long term investor.
LTC behaves much stronger than other cryptocurrencies.
News for LTC can be generous, thanks to Charlie Li. LN tests and the local successes of “digital silver” may be good motivation for growth.
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