LTC/USD – Litecoin Price Chart Analysis: December 24th 2017
As Bitcoin experiences the bearish pull of strong selling pressure, the Altcoin markets appear to be setting up for a trend reversal. Litecoin price analysis shows a shift in momentum which could lead to an upward trend and subsequent price increase as Bitcoin speculation (and the cryptocurrency markets in general) continue to rise. Price charts for December 17 show price and volume trending downward while momentum indicators MACD and MFI trend upward. Price may start to go up again.
As Bitcoin continues to rise in popularity, more and more “lamen-traders” are getting involved. Expect the volatility to continue for some time to come.
15-min Price Chart Litecoin/USD showing divergent trend setup. Screenshot taken December 24 2017; Cryptowat.ch GDAX charts.
ETH/USD – Ether Price Chart Analysis: December 24th 2017
Ether seems to be experiencing a similar reaction to the Bitcoin price slump, as MFI and MACD momentum indicators show an upward trend despite the downward trend in price. This divergent pattern is outlined on the 15-minute chart below. While the long-term price of Ether remains highly speculative, the short and mid-term price may begin to see a bullish takeover.
15-min Price Chart Ether/USD showing divergent trend setup. Screenshot taken December 24 2017; Cryptowat.ch GDAX charts.
Of course, do not take this as trading advice. Invest at your own risk. And as always: invest responsibility.
Happy Holidays to All,
Iliah M. Spector
Web Developer, Business Owner, & Cryptocurrency Enthusiast