The cryptocurrencies enjoyed a great popularity in recent weeks, and the entire market is worth over $ 200 billion. In daily analyses, we will look at the most popular currencies and the occasional opportunities you can use when trading on the Polish BitBay.
Litecoin
Litecoin an open source algorythm X11-based cryptocurrency is designed to be faster and lighter than bitcoin. The instrument is doing very well and has been climbing upwards for a couple of days, breaking down resistance – the downward trend line.
At the beginning of November, a harmonic formation was formed – Butterfly with a reaction point at $ 50, this round level and the proximity of the key low caused a dynamic rally over $ 60. It was also the target for the formation.
Today Litecoin is quoted above this price. Interestingly, the market tested he broken level from the top and with a large volume continues to move up. The fast trend line supports buyers around $ 59-60.
Bitcoin
Possible reversal on the Bitcoin chart. Fairly bearish candle and at the same time great volume. Noteworthy is the high volume bar comparable to the memorable minimum in the area of $ 3000.
