Interesting movements in the BTC-e altcoin world. LTC/BTC and NVC/BTC (see charts above) are moving fairly close together. Meanwhile PPC/BTC and NMC/BTC (see charts below) are moving fairly close together. In fact all 4 charts have the same general approach to them at this time. Currently none of the charts are bullish.
Since the price has crossed under the EMA’s it is likely the move that seems to be looming upwards will be a throwback to the EMA before going down again. The LTC/USD pair on BTC-e did print a reversal signal 2 days ago. Even though the other 3 have not printed a reversal the fact that they all move together is important. Uses LTC as the main signal and if it starts to move then it becomes worth playing the rest of them too.
Charts are powered by the SCMR Trends Analysis Suite on Tradingview.com