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Litecoin on the Move as Cryptocurrencies Settle Down and Volatility Shrinks

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Litecoin on the Move as Cryptocurrencies Settle Down and Volatility Shrinks

Introduction

This article was posted on Monday, 08:15, UTC.

The major coins remained inside their short-term ranges during the weekend, and the volatility of the moves declined significantly as we expected. Ethereum and Bitcoin traded very similarly, but Litecoin attempted a breakout late on Sunday, and it is still looking strong this morning.  The smaller coins are generally higher today, and the decline in volatility is a bullish sign for the majors as well, although the declining short-term trends remain intact for now, at least in the case of ETH and BTC. Correlations continued to break down, and that could point to significant moves by some of the smaller…

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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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