For a couple of days now, Bitcoin is showing why it is he dominating coin in the market while walking in front and climbing "all-time highs" daily. With its not stopping increase it has hoisted up the whole digital currency market together with it - having the global market capitalization over $132 billion.
For the moment, the Hash rate has declined a little but it is still expected that it will go a 2.15% difficulty in about as predicted 10 days. With that the combined Difficulty difference of +113.74% would be brought since January 2017.
If the flow of the pair LTC/USD stays in positive supporting itself on that particular indicator, it could rise up to $47.50 level. The bullish pressure is there but the buyers could be waiting for a significant pullback and dip to buy in and give the community confidence for a near future price surge finally breaking $47.50 mark which as analyst might hoist the trading value up to a psychologically important $50 indicator and above.
A descending trend was going on the end of the last week as Ethereum was being traded lower than $290 - even reaching $286 in which case the flow found support to move up. The increase has shown itself to move later over the $290 resistance mark as it was flowing above the 23.6% Fibonacci retracement line related to the last downward flow from $317.74 to around $286.
Those who daily trade or regurarly trade with Altcoins have an attraction of looking out for the next big thing to be there as early as it could get. So, who bought into NEO is more than happy right now. Fast forward to today, and the same token is worth just over US$50. It doesn’t happen all that often we see tokens increase in value by that much. Moreover, there is no real driving factor for this price increase either.
For some time now, there is no significant movement in the pair of ETH/USD as it is fluctuating under the $308 mark resistance. As a pushing-forward indicator worth mentioning is Bitcoin Price reaching regularly All-time Highs as it increased above $4300. If you compare BTC/USD with other altcoins, they are having quite the struggle to find the right flow for moving upwards. BCH for example is barricaded by sellers as its value against the US dollar as it was flowing downward below $300 psychological level.