The popularity of cryptocurrencies has been unflagging in recent weeks, the entire market is worth over USD 600 billion. In daily analyses, we will look at the most popular currencies and you can use the opportunities that occur by trading on the Polish BitBay exchange.
Recently, I wrote about Litecoin when the cryptocurrency market was in retreat, the correction abolished over 61.8% of the growth impulse and from that moment the price for Litcoin was no longer close to the minimum, ie the level of 160 $.
So far, the $ 200 level has also been an impassable barrier for sellers. Taking into account the scale of rebound from the low on December 22nd, the days before the end of the year were an important test for demand – the key was maintaining 61.8% or $ 204. The first regular session in the new year brings a solid growth pushing the price from the above mentioned level. The nearest resistance is $ 280 that defends before attack on the ATH, and potential for a $ 100 boost.