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Home » Unlabelled » Weekly Altcoin Price Analysis: First Results of 2016

Weekly Altcoin Price Analysis: First Results of 2016

Weekly Altcoin Price Analysis: First Results of 2016

Litecoin

It sounds strange but Litecoin in 2016 feels quite strong. You would probably ask: how so, if the price fell to $2.90 and continues to decrease? But take a look at the chart of LTC:BTC – Litecoin exchange rate is fixed higher than 0.008, and even reaching 0.0084. This means that the price of $2.90 speaks not about weakness of Litecoin, but about the weakness of Bitcoin during a whole bunch of bad news (the report of RAND on need of fight against digital currencies, bankruptcy of Cryptsy, the next split in Bitcoin Foundation and a statement of Mike Hearn). Moreover, new discussions on the size of the Bitcoin block have begun again
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