Large Gains in Altcoins

Altcoins are finally getting a break from the non-stop selling. Today 6 out of the top 10 alts are showing strong gains versus the US Dollar. The gains are bit higher versus bitcoin because BTC/USD is down around 2 percent today. Alternative crypto-currencies, ‘altcoins’ or ‘alts’ is the term used for all crypto-coins except bitcoin.
Ether Still in Range

Despite being up 5.25% today and 17 % since our last update, ether is still in a trading range (vs BTC) on the daily charts. Against the U.S. Dollar, ether peaked above the $400 round figure earlier today and is nearing its all-time high at $415 dollars.

As you can see on the chart below, ETH/BTC hasn’t broken the two important swing points at 0.03712 on the downside and 0.05545 BTC on the upside.

Read more: https://blog.fxopen.com/large-gains-in-altcoins/