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Bitcoin, Ethereum, Litecoin: tight intervals can increase volatility

Bitcoin, Ethereum, Litecoin: prices, graphs and analysis

  • Quiet markets and tight commercial ranges.
  • The interruptions, in both cases, seem likely.

Bitcoin price (BTC) stuck under the trend

The largest cryptocurrency for market capitalization, and indeed cryptography index, Bitcoin remains locked in a downtrend of several months and above a known support zone. With the tight trading ranges and the trend lines you encounter, the possibility of a strong break-out increases day by day. While lower prices are more likely, a sharp slowdown in the coming days can not be discounted and traders should position themselves accordingly.

Bitcoin cash exceeded the trend, even as the charts of Ethereum and Litecointhey remain negative in the short term. The recent peak of Ripple left the perspective of the mixed chart.

Chart of daily prices Bitcoin (BTC) (February – 3 October 2018)

Bitcoin, Ethereum, Litecoin: Tight Ranges May Spark Volatility Web seminar

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IG Sentiment Data shows how retail is positioned in various cryptocurrencies and how changes in holdings can influence market sentiment.

What's your opinion? on the market? Share your thoughts and ideas with us using the comments section at the end of the article or contact me on Twitter @ nickcawley1 or via e-mail at address nicholas.cawley@ig.com.

— Written by Nick CawleyAnalyst.

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