It isn’t possible to have decentralization, a fixed money supply and sufficient liquidity for an efficient payments system, says Frances Coppola.

Organizers hope a new competition will spur security advances for Lightning, but also steer bitcoin debates in more constructive directions.

Highlights:

Price analysis for BTC, BCH, ETH, LTC and ETC for January 20

BTC/USD

Resistance: $12,400, support: $8,900

Comments:

Overall, BTC remains bearish though price breaks above the 50% retracement level of the last major decline from $14,356 to $9,231.1, if price keeps moving up, however, it may reach to $12,40, close to the 61.8% retracement level at $12.398.30. Since BTC has been attempting to break upwards but all fails, price will continue dipping if price fails to break upwards again (Data feed from AICoin).

Suggestions:
You can try to open some new positions and go short around MA 30 on 4-hour chart as indicated by the red arrow. Loses must be stopped when price breaks the 50% retracement level and continues increasing, if price bounces back to around $12,400, you can try going short again and stop loses as stated before.

BCH/USD

Resistance: $1,890, support: $1,680 & $1,135.

Comments:
Strength during last wave of rally seems weaker when compared with BTC as BCH fails to contact with the 38.2% retracement level of last decline from $2,884 to $1,343 (Data feed from AICoin).

Suggestions:
Booking your profits is recommended here, further operations can refer to that of BTC, you can also attempt to go short if BTC is too weak to break upwards.

ETH/USD

Resistance: $1,080 & $1,145, support: $960 & $763.

Comments:
ETH also bounces back to around 50% retracement level of last decline from $1,424.3 to $770 just like BTC does. Price will find a major resistance around $1,080. The support level will be moved up to $1,150 when price breaks above the major resistance. However, when price moves further, a reversal on trend will be possible (Data feed from AICoin).

Suggestions:
In terms of volatility, ETH outperforms BTC, making it suitable for braver future traders. Currently, operations on ETH can refer to that of BTC as mentioned above. You can try going short if price is pulled up further as current level is not the suitable entry point.

LTC/USD

Resistance: $196 & $217, support: $183 & $138.

Comments:
LTC remains the same as before in price move, extra attention should be paid to when price can break the resistance level at $196 and $217 or not (Data feed from AICoin).

Suggestions:
Booking your profits can be considered here though price remains in the uptrend. Going short from the resistance level if price fails to break upwards.

ETC/USD

Resistance: $34, support: $29 & $22.

Comments:
ETC price is only half of its all-time high and experienced the greatest loses in market cap when compared with other major coins, making it possible for ETC to start a considerable rally. Since price has moved to the resistance formed by MA 30 around $32, the key for that considerable rally depends on whether price can break above the resistance at MA 60 around $34 effectively or not, when it does, however, the door to further gains will be opened (Data feed from AICoin).

Suggestions:
Bears should not waste your bullets until price shows signs of weakness in breakout or upward move, loses should be stopped when price breaks below the resistance level.

Original by Eric Chau from Hashpai, translated by AICoin Jami.

Disclaimer: The information contained herein is not guaranteed, and is strictly for information purposes only. It does not constitute any trading proposal and will not be liable for any loss based on the information herein.

The post 1-20 Price Analysis – Do not sell on dips and buy on surges appeared first on NewsBTC.

A lot of things have happened in the world of cryptocurrencies over the past few weeks.Litecoin is one of the top currencies in this regard, even though its total valuation is a lot lower than some people would like it to be. With an individual Litecoin price of $205.71 at the time of writing, it seems things are heading in the right direction once again.  There’s still a long way to go to reach the all-time high of $356, but the Litecoin price appears to be on the road to recovery again.

Litecoin Price is Heading in the Right Direction

Many people will be pleased to see the Litecoin price head back above $200 for the first time in a few days. Given all of the cryptocurrency onslaught we have seen in the past few days, it is evident the Litecoin prince took a major bump as well. In fact, the Litecoin price dropped a slow as $147.44, which is a very big difference compared to the all-time high. At the same time, all markets have gone through a very rough period over the past few days and it seems things are only now returning to normal. There’s still plenty of volatility to deal with, mind you, and the prices will undergo some big fluctuations moving forward.

After the spectacular dip to below $150, many people start buying up cheap Litecoin once again. After all, such a low price is an excellent opportunity to buy some cheap currencies and benefit from the rebound in the near future. A Litecoin price increase of nearly $60 in a matter of a few days is not all that bad whatsoever. For those people who bought a few hundred LTC during the dip, they are sitting on some decent profits already. It is evident the Litecoin price can go a lot higher from here on out, assuming the markets don’t collapse once again.

Speaking of which, the markets may look healthy to the untrained eye right now. That may only be a charade, for all we know, as it will all heavily depend on how the Bitcoin price evolves in the coming weeks and months. It seems some altcoins will go up in value regardless of what direction Bitcoin goes in. Whether or not Litecoin is one of those currencies, remains to be determined. For now, it seems the gains in USD value are respectable, but LTC is still losing value compared to Bitcoin.

With over $600m in 24-hour trading volume, things are not looking half-bad for Litecoin either. In fact, one could argue this is solid trading volume, even though it may be a bit on the low side as well. For a currency such as LTC, one would expect to see at least $1bn in volume or more, but that is not the case as of right now. It is evident some other markets are in higher demand right now, but things will eventually even out again.

The vast majority of Litecoin trading volume comes from GDAX, followed by OKEx and Bitfinex. It’s always good to see two fiat currency markets in the top three, as it indicates people are converting fiat currency back to Litecoin now that the markets have seemingly calmed down a bit.   The first Korean exchange on the list is Bithumb, with just $39.6m in 24-hour volume. An interesting turn of events, that much is rather evident.

For now, it remains a bit unclear what the future will hold for the Litecoin price. The momentum in place should be sufficient to keep it above $200 for some time to come, but it is evident the current Bitcoin price momentum may cause most altcoins suffer a bit. There’s still plenty of time to buy into Litecoin if you believe in the long-term momentum of this currency, considering how it’s still well below the all-time high. That doesn’t mean we will ever see such a Litecoin price once again, though, but one never knows what the future will hold.