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Cryptocurrency Analysis: Major Coins Hold Lows as Ethereum Stuck at $200

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Cryptocurrency Analysis: Major Coins Hold Lows as Ethereum Stuck at $200

Introduction

This article was posted on Friday, 07:59, UTC.

The crypto-market experienced another short-term sell-off yesterday, but the major coins all managed to hold above their prior lows, as the downside momentum weakened and the small cap coins also stopped hitting new lows. While a trend change is not yet confirmed, the long-term picture continues to be encouraging, and the market could be ready for a move out from the one-month long correction pattern

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The strongest coins of the market of the rally, Dash and Litecoin remain inside their short-term consolidation pattern while Ethereum Classic is holding on to most of its recent gains after the pull-back. Let’s look at the how the majors held up during yesterday’s drop.

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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I believe digital currencies incorporate future events in the same…