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After one of the worst losses for cryptocurrencies recorded, fans are comforting in a recovery in the prices of digital resources including bitcoin, ether, EOS and litecoin.
"There seems to be a large rebound of cryptography with all the major currencies," said David Thomas, director and co-founder of GlobalBlock, in an e-mail. "It will take a concerted move higher in cryptocurrencies to signal the end of the crash crypto.After such a lower move this year, there comes a time when investors see the value of returning to the market and it seems like it is so today. "
For the ether, a technical indicator suggests that the rebound could only be the beginning. The technical GTI Vera Convergence Divergence caliber, which investors use to detect trend reversals, showed a positive signal on Monday for the first time since the end of September. The trend could indicate further gains to come and a potential year-end rally. The last time the technical indicator indicated potential purchase signals, the token rose for about a month.
Ether rose to 18% to $ 96.73 in New York on Monday, its first gain in three days. But the third largest cryptocurrency has recently been blocked by a prolonged downward crisis and since February has lost almost 90% of its value. Bitcoin has gathered 12%, EOS has risen by 36% and litecoin has risen by 31%.
"There's good support for this argument that there was such a punishment besides what someone previously thought and so maybe that's the bottom," said David Tawil, president of ProChain Capital, in a telephone interview. "But I do not think one day he makes a scheme." – Reported by Vildana Hajric, with the assistance of Kenneth Sexton, (c) 2018 Bloomberg LP
