China News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage LTC Faces a Resistance – October 31 After a long-striving effort on the part of the LTC/USD market to surge upward in a rallying motion, the crypto currently faces resistance at a near distance above the $55 line. Price is trading around $54.60 at an average percentage rate of 1.35 negative. LTC Faces a Resistance: LTC Trade Key Levels: Resistance levels: $60, $65, $70 Support levels:$50, $45, $40 LTC/USD – Daily Chart The daily chart showcases the LTC/USD market faces resistance around the trend line of the bigger SMA. The 14-day SMA indicator is at $53.84, underneath the $56.83 value line of the 50-day SMA indicator. The bearish trend line drew alongside the bigger SMA to indicate the crypto economy is under a falling force. The Stochastic Oscillators have crossed southbound from a point above the 80 range line to place at 77.45 and 73.15 range values. Will the LTC/USD market soon lose positi...

Bitcoin was trading lower on Saturday, as cryptocurrency prices continued to trade in the red following the latest U.S. nonfarm payrolls (NFP) report. The token dropped for a fourth consecutive day, moving closer to a key support point in the process. Ethereum was also in the red, hitting a five-day low in the process. Bitcoin Bearish sentiment remained in bitcoin (BTC) markets to start the weekend, as they continued to digest the latest nonfarm payrolls (NFP) report. Following the better-than-expected jobs report, BTC/USD fell to an intraday low of $19,395.79 earlier in the day. The move pushed the token close to a key support point of $19,200, and as of writing, it is trading close to a six-day low. BTC/USD – Daily Chart Looking at the chart, the 14-day relative strength index (RSI) has also dropped, and is also approaching a floor of 45.70. Despite moving closer to this bottom, the 10-day (red) moving average has recently crossed over its 25-day (blue) counterpart, wh...