What had people hanging on the edges of their seats last week has retracted from its point of severity to more stalwart trading methods as traders begin to grow some defense to the hard market movers in the Bitcoin and Altcoin sectors.
Litecoin, the most common currency paired against Bitcoin, has a very similar trend to what was illustrated by Bitcoin in the recent frenzy. Since the frenzy has subsided somewhat, and the market cap lifted by a Billion USD, it seem like Etherium is making making some percentage gains while the some of the others decline amidst the higher than average volume trading.
Bitcoin is around $370 USD, much lower than during the frenzy of trades late last week that pushed over 200 Million in Volume across the exchanges.
Etherium is one of the more recently minted currencies, having been around only a few short months (Minted, August 2015), it has managed to maintain much of its momentum, unlike many of the other Altcoins which spurred at their IPO, then declined in price over the year. Where will ETH go from here? Will the uptrend continue?
Litecoin is one of the longest running coins with its own complete network and currency software.
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For more layered analysis with more complete analysis tools, here is a great resource on some of the top Altcoin pairs if you are interested in learning the ropes on currency trading: