Bitcoin has been the king of cryptocurrency for quite sometimes and the altcoins vs Bitcoin debate is just as old.
Well, to round things up for you, we are bringing you a review of major altcoins in comparison with Bitcoin. Altcoins vs Bitcoin – Litecoin (LTC) vs Bitcoin (BTC) Dubbed as “the Silver to Bitcoin’s Gold”, Litecoin (LTC), traders had so much only got a five percent (5%) boost from the halving event that had traders on the edge. LTC was supposed to make it big after this even but things didn’t turn out as they were supposed to go.
Currently, at the time of writing, Litecoin is trading at 0.007789 BTC. Litecoin created a triangle pattern [...]
On the 4 hour chart for XBT/USD, we can see the break-down of the asymmetrical triangle mentioned. Speculation that the triangle was indeed a bullish pennant has now been clearly rejected. A break-down of the rising support line was also broken at the same point around $11,700. Since then price levels have been hovering above $11,000 support, the short-term sentiment will largely be determined by whether $11,000 holds or not.
RSI hit oversold flashing a buy signal and has since bounced, heading back for the median 50.0. Volume was rising steadily throughout the build-up to $12,000 and has now started a clear decline. Given that the volume has dropped quite significantly in [...]
After a tumultuous week of rallies and downward price correction, Bitcoin (BTC) is trading nicely above the $11,650 and $11,500 support areas against the U.S dollar. Many analysts believe that BTC could retest the $12,000 resistance and continue to record gains in the coming days.Bitcoin price analysis
After finding support at the $11,200 area, bitcoin’s price began a steady rise against the U.S dollar. BTC/USD started a steady ascent above the $11,500 and $11,800 resistance areas. Furthermore, the trading pair broke through the $12,000 resistance and the 100 hourly simple moving average. Despite this, the pair failed to continue its rally above the $12,150 [...]
Bitcoin is indicating an upsurge in the market. We are quite apprehensive about the price rally but didn’t know that it would come this soon. Well, as it is said the sooner the better. The traders must be experiencing a great day. The coin was trading at $10,600 in yesterday’s market, and today the coin is hovering around $11,500. It is anticipated that the coin may cross $12,000 if it continues to grow with the current momentum.BTC/ USD Price Chart:
The chart is taken from Trading View on 05th August 2019 at 04:57:03 UTC for price analysis.BTCUSD Price Chart by [...]