Bitcoin, Litecoin and DigiByte – American Wrap: 29/10/2020


Data shows that Bitcoin could decline before the US election and pick up sharply thereafter

If we look at Bitcoin’s price action in November 2012, about two weeks before the election, the digital asset plunged 20% and didn’t recover until weeks later. It is important to note that BTC was much more volatile in 2012 as the trading volume was minimal.

Litecoin price prepares for a multi-month breakout despite the ongoing correction

LTC appears to be trading inside a descending wedge formed on the monthly chart and is currently at $ 55.88, after hitting $ 53.44. The model is on the verge of a huge breakout. Furthermore, an essential technical indicator is about to present a strong buy signal.

DigiByte Price Prediction: DGB Ready for Massive Return

DigiByte appears to be ready for a recovery after the prolonged decline since September. The downtrend has been constrained in a parallel descending channel. Meanwhile, the support at $ 0.18 combined with the lower boundary of the channel has allowed the bulls to regain control, initiating the ongoing recovery.

Image from Pixabay

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