Daily Altcoin Price Analysis: Cryptocurrencies Start a New Round
Daily Altcoin Price Analysis by Frederic Racine
Litecoin comes back into the upper bound of the price range of $3.50 - $3.80, following the growth of Bitcoin price which happened this morning. The LTC:BTC pair exchange rate has also found a new force and returned to the level of 0.008. Thus, short sales from the level of $3.80 are of interest.
DASH however, continues to hold at the local bottom of 0.0056. Having a quite good amplitude of price moves, that reached 0.006 at the beginning of a week, helped traders to earn on purchases from the level of 0.0056 and below. It seems, that we will see the prices of 0.0056 and 0.006 much more than once now. This proves that DASH is one of the most interesting cryptocurrencies for traders after all.
Dogecoin hasn’t overcome the level of 30 Satoshi for three weeks in a row now. This level is both support and resistance. Trading volumes are rather big and it means that miners and traders don't lose interest in Dogecoin and aren't going to leave this cryptocurrency too cheap.
Since the beginning of week ETH moves down, and now the price has to define the next local bottom. A good corridor to place buy orders is 0.0014-0.0016, and this is the level that could become a start for the following price movements.
Peercoin corrected its behavior, having shown a local maximum of $0.429. The growth of Bitcoin’s price helped Peercoin to grow as well, and the exchange rates of the pair PPC:BTC have also made a start from 0.0009 to 0.00093-0.00094. It is pleasant to see that miners believe in Peercoin and support this cryptocurrency (well, at least for today).
Neucoin is quick as a squirrel. In only 24 hours, the Nue price crossed the level of $9 for 1000 Neucoin six times, every time giving traders the chance to close the transaction with profit. Fluctuations in a corridor of $8.50 - $10 for 1000 Neucoin would be rather favorable but Neucoin must have bigger trade volumes.