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Bitcoin, Ripple, Litecoin - Latest Charts Look Weak | Webinar

Bitcoin, Ripple, Litecoin - Latest Charts Look Weak | Webinar

2018-03-14 13:01:00
Nick Cawley, Strategist
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Bitcoin, Ripple, Litecoin News and Analysis

- Google’s ban on ICO and cryptocurrency advertising follows Facebook’s announcement in late January.

- Cryptocurrencies remain weak as technical support levels fail.

In periods of quiet trade/low volatility traders should read/re-read the Traits of Successful Traders guide to make sure they stick to market ‘best practice’.

We have recently released A Guide to Day Trading Bitcoin & Other Cryptocurrencies to help traders navigate this volatile marketplace.

Cryptocurrency Market Follows the Path of Least Resistance

The main crypto tokens continue to move lower after Google banned advertising and a warning from the head of the IMF Christine Lagarde. An already weak market moved further South with Bitcoin (BTC), Ripple (XRP), Litecoin (LTC) and Ethereum (ETH) all eyeing low prints made on February 6.And in the last 9 weeks, the crypto market has shed nearly $500 billion in market capitalization ($835 billion -> $355 billion) as buyers leave the space.

Top Six Cryptocurrencies by Market Value – March 14, 2018

Bitcoin, Ripple, Litecoin - Latest Charts Look Weak | Webinar

Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash or Ethereum we can offer you a wide range of free resources to help you. We have an Introduction to Bitcoin Trading Guide along with a Free Practice Account. In addition we have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed trading decisions.

What’s your opinion on the cryptocurrency market at the moment? Share your thoughts with us using the comments section at the end of the article or you can contact the author via email at Nicholas.cawley@ig.com or via Twitter @nickcawley1.

--- Written by Nick Cawley, Analyst.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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