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❕NEWS Price Analysis Sept. 9, 2020: BTC , ETH, LTC

microunit

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Bitcoin - Bitcoin had been swamped lately averaging at only around $10.3k. If Bitcoin's price would sink below $9.8k mark then it could further sink down to $9k and eventually to $8k. If Bitcoin's price could remain above $10.5k then it could remain at the $11k price range and even $11.5k.

Ethereum - Like bitcoin ETH has been sinking lately too. If the price would sink to below $310 there might be alot of selling action that will be made and might further drag down its price to $220. But if it breaks the resistance at $365 then it can rally up to $400.

Litecoin - Litecoin is also another victim of the recent fall of prices. If the price were to fall down below $45 it might further fall down to $39. If it can rise above $51 then a rally of up to $58 is possible.
 
You did a good analysis in a few words, I congratulate you. For now we have to wait for what the BTC can do since it is in a consolidation zone.
 
You did a good analysis in a few words, I congratulate you. For now we have to wait for what the BTC can do since it is in a consolidation zone.
I really hope we don't have to wait for too long. Bitcoin keeps hovering over the $10k mark but not so close to the $11k mark. We can only wait.
 
It has truly been very difficult for it go above $11k since it dropped from $12k but the opportunities here is for people with huge amount that can shortly invest and earn like 5℅ profit.
 
For litecoin some weeks back it went up to as high as $68 then it starts falling , till it gets down to $45 and I think it might even still fall
 
For litecoin some weeks back it went up to as high as $68 then it starts falling , till it gets down to $45 and I think it might even still fall
I have really been hoping to see Litecoin do better this week but it seems it keeps hovering around the $45 mark. I hope it doesn't dip further though.
 
I have really been hoping to see Litecoin do better this week but it seems it keeps hovering around the $45 mark. I hope it doesn't dip further though.
I don't want the price to fall again because I remembered the day it fell from $60-$48 I was suprise to see such thing , is then i knew popular coin falls rapidly also
 
I don't want the price to fall again because I remembered the day it fell from $60-$48 I was suprise to see such thing , is then i knew popular coin falls rapidly also
It was surprising for me too because I remembered being paid in LTC from picoworkers and by the next day before I could even exchange it had gone so low, I didn't even know what do.
 
It was surprising for me too because I remembered being paid in LTC from picoworkers and by the next day before I could even exchange it had gone so low, I didn't even know what do.
Yeah that's one of the biggest fall I have ever seen since when have been trading crypto currencies , I woke up that morning to my suprise
 
I think bitcoin and Bitcoin trends together perhaps because they are built on the same block chain. Ethereum needs to work on the high gas fee in order to attract more user that will make the price rise
 
Yeah I don't think there is something Ethereum ,could do about since they can't control the network load , since that's what determines the transaction fee
 
Yeah I don't think there is something Ethereum ,could do about since they can't control the network load , since that's what determines the transaction fee
One thing about ethereum is the fact that it seems that the network is always very busy because fee never comes down. At least it should be like bitcoin that there are times the transaction fee would be okay.
 
One thing about ethereum is the fact that it seems that the network is always very busy because fee never comes down. At least it should be like bitcoin that there are times the transaction fee would be okay.
Yeah am suprise to that despite the level of popularity it had over bitcoin , yet the transaction fee keeps increasing ,and I think it's very bad
 
Yeah I don't think there is something Ethereum ,could do about since they can't control the network load , since that's what determines the transaction fee
I thought the ethereum 2.0 light was to help fasten the network load on ethereum network making fast transactions and lower gas fee as well. Quiet unfortunate that it didn't go well
 
I thought the ethereum 2.0 light was to help fasten the network load on ethereum network making fast transactions and lower gas fee as well. Quiet unfortunate that it didn't go well
Maybe it was help to fasten but if there is too much transaction going on the network , the effect will still be the same and won't change that's just it
 
Come to think of this, when there is high network transaction the fee always skyrocket, how then does this high fee reduce the congestion? Or is to scare people away and thus allow low transactions?
 
Come to think of this, when there is high network transaction the fee always skyrocket, how then does this high fee reduce the congestion? Or is to scare people away and thus allow low transactions?
The high fee can't be brought down by anyone , people would just have to accept it or better still use another crypto to earn
 
The high fee can't be brought down by anyone , people would just have to accept it or better still use another crypto to earn
Nobody is saying thus, the question was the effect of these high gas fee on the congestion on the ethereum network, how does it make it less congested or promote faster transaction?
 
Yeah currently it's at $11300 and I think the price may increase further and might get to $12000 with the way it's increasing just hoping for the positive
 
The increase or decrease depends on the market waves , if more huge Investors comes in very likely more increase in it value but if otherwise it could crash.
 

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