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INTERNATIONAL – After one of the worst cases of losses for registered cryptocurrencies, 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 email. "It will take a concerted move higher up in cryptocurrencies to signal the end of the crypto crash.
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 today. "
For Ether, a technical indicator suggests that the rebound could only be the beginning. The technical caliber GTI VERA Convergence Divergence, 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 up to 18% to $ 96.73 in New York on Monday, its first gain in three days, but the third largest cryptocurrency was blocked by a prolonged downward collapse recently and lost nearly 90% of its value from February.
Bitcoin has gathered at 12 percent, EOS has risen by 36 percent and Litecoin has risen by 31 percent.
"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."
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