pulled Down by Big Brother, bitcoin investors must be wondering what needs to happen for. The rapid decline in Litecoin following its latest record high is representative of investor fear of a more material collapse or, worse yet, a bubble burst. This is a crucial ascending channel forming with support at 1550 on the hourly chart of BCH/USD (data feed from Kraken). For now, its looking steady and Litecoin will look to make a fresh run at 100 levels, though were unlikely to see that today as investors take a breather. While the direction of, bitcoin continues to leave, bitcoin, cash in choppy waters, news of, bitcoin, cash developers looking to increase its block size also weighed. A high was formed at 1677.1 from where a minor downside reaction was initiated. The pair is now moving back higher and it is likely to extend gains above the 1600 level.
Cryptocurrency capitalization at the time of the publication of the forecast is 3,024,637,467.
Sliding averages indicate the presence of an upward trend in, bitcoin Cash.
Bitcoin Cash, price, trend.
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Following up is P2PB2B in the trading pairs BCH/USD, BCH/BTC, and BCH/ETH. The, bollinger Bands point to a decrease in the volatility of the coin, as the mouth of the Band looks to close, with the Moving Average line pointing to a mildly bullish trend. At the time of writing, Bitcoin, cash was down.03 at 1340, with the trend having been negative this week. The immediate support level of the coins is pegged at 115.86, which the coin is just trading above. Key Points, bitcoin cash price is slowly moving in an uptrend above the 1550 level against the US Dollar. Bitcoin cash price is moving nicely towards 1800 against the US Dollar. Its been a weak start to the day however, with. Price predictions for next year vary from 2 to 5, which could bring in new investors. 1-hour: The coin experienced three prominent downtrends, the first from 112.02 to 111.1, the second from 119.03 to 111.9, and the third from 119.07 to 117.4.
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