Altcoin Trends (LTC, NVC, PPC, NMC): Oct 21 2015

27 Views
Click Chart to Enlarge
Click Chart to Enlarge

 

Click Chart to Enlarge
Click Chart to Enlarge

 

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.

 

Click Chart to Enlarge
Click Chart to Enlarge

 

Click Chart to Enlarge
Click Chart to Enlarge

 

 

Charts are powered by the SCMR Trends Analysis Suite on Tradingview.com

Leave a comment

three × five =

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Altcoin Exchange

Trade Crypto, Forex, Commodities and more

Charting Tool