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Bitcoin Struggles for Price Gains As Litecoin Hits 13-Month high

From coindesk.com

Bitcoin (BTC) is lacking a clear directional bias for the eighth consecutive day amid a continued rally in litecoin’s (LTC) price. The price of a single bitcoin – the world’s leading cryptocurrency market value – has been restricted to a $600 range since June 5. While any drops to $7,500 have been consistently short-lived, buyers have also repeatedly failed to engineer a convincing break above $8,100. As of writing, BTC is changing hands at $8,000 on Bitstamp, representing a 0.5-percent gain on a 24-hour basis. With BTC so indecisive, major alternative cryptocurrencies like ethereum’s ether token, XRP, bitcoin cash ... (full story)

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  • Category: Technical Analysis