Increased USD demand is driving
alt coin prices lower.
Alt coin prices are moving towards support today's candlestick will likely determine our short term trend.
Let's review
alt coin price action: LSK ALT
Not exact matches
He added that cryptocurrency investors are more interested in buying bitcoin versus «
alt -
coins,» but have less funds to do so because the
alt -
coins are also falling in
price.
Thursday saw a major but short lived correction in Bitcoin's sudden rise to $ 1100 and once the
price dropped below $ 10,000 people started dumping
alt -
coins bringing down the
price of most major altcoins.
The
price of bitcoin has skyrocketed and plummeted many times over the past year, and other «
alt»
coins such as Ethereum or low - liquidity assets including Ripple are not stable, either.
The
price of the ETC is primarily driven by the speculators, like many more
alt -
coins in the market.
This
price surge followed a bullish divergence pattern after November 2, a common pattern in all other
alt coins except NEO.
Bitcoin's recent rally beyond $ 8,000 has been benefiting
alt coins, as most of them experienced
price surges last week, notably Monero and DASH.
Rakesh, I love your analysis on everything but wouldn't it be risky to buy anything right now just for the fact
prices for
alt coins hinge on what btc is valued at?
If not bitcoin, some
alt coins such as lite
coin have dropped in value making them attractive to buy at the
price they are at.
Since some weeks it has been increasing its
price at important rates but not hundred times as other
alt -
coins in the market.