With the market slightly reversing in prices after the experienced losses for the past few weeks, this could be the...
With the negative news incoming from China for Bitcoin, traders have shifted out and moved to South Korea or Japan.
Jamie Dimon, the chief executive of JP Morgan Chase - has put on another strong support on his previous criticism towards bitcoin, saying that the crytocurrency leader is a "fraud" and he would choose firing anybody who would trade it.
One of the leading virtual currency exchanging platforms - Coinbase, has just announced that a certain amount of traders and users will be given the possibility of 'instant purchase' of ETH, LTC and BTC.
The largest Bitcoin exchange market now is Japan leading with 50.75 percent share on the global market. George Kikvadze - BitFury Vice Chairman, did note out that the reason for the increase of trading volume in Japan could be Bitcoin traders leaving China's based services.
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.