The price of Leyte currency was quoted yesterday
After a month long correction, the price of Leyte currency has directly dropped by about 50%. Fortunately, the currency has finally stopped the downward trend. Nevertheless, it is still hard to say whether this currency and other competitive currencies will start to rise or continue to decline in the next few weeks, and whether it is possible to break the rock bottom price
on the 1-hour table of Leyte to bitcoin, we can see more clearly that the recent breakthrough occurred near 0.083cong, and then brought a rapid rise of 15%. On the Maxx momentum indicator, the green bar chart clearly shows that the buying momentum has turned upward. The 50 day moving average is now touching the 0.088 Cong control point, which may bring the price back to this range in the short term
in the past 48 hours, the competitive currencies in the whole market showed some urgent rising momentum after continuously breaking the low point
the bank has analyzed for a long time, and it is very important to monitor the correlation between the price trend of lightcoin and bitcoin. The relationship is particularly useful when trying to measure market traffic and whether a competitor is really worth trading. Generally speaking, when bitcoin moves rapidly in any direction, whether upward or downward, it is difficult for competitive currencies to stabilize, because their volatility is far less than that of bitcoin. Therefore, when bitcoin consolidates and develops horizontally, it is the best way for competitive currencies to move higher
this article is for reference only
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The price trend chart of Leyte currency is basically consistent with that of bitcoin and Ruitai currency, as follows:

today, the price of bitcoin shows a small floating decline again. At present, the price of bitcoin is below 2800 yuan. However, e to the joint mining of dog coin and the surge of computing power, dog coin has escaped 51% of the attack. Therefore, dog coin has almost doubled by more than 3% and once rose to 3%. Today, dog coin and some other counterfeit coins show a small floating growth. Of course, bitstocks are also black horses
it is said that bitcoin will enter the cold winter, and the violent era of bitcoin mining has come to an end, and mining is almost close to the cost. The founder of Avalon mining machine also said that at present bitcoin mining is basically determined by electricity price. Avalon's generation 4 28nm chip does rece energy consumption a lot.
According to the data of okcoin, a well-known digital asset trading platform in China, the price of bitcoin rose steadily from the opening of the market yesterday (August 1) to 14:00 p.m. in Asia, and there was no significant fluctuation in the market. After 15:00 p.m., the price began to jump up and down, and fluctuated violently. At 8:20 p.m., the first BCC was born, The currency price fell sharply, from the highest of 19848 to the lowest of 17750. The biggest drop in one minute was more than 2000 points, and then graally calmed down. As of today's press release, the currency price is still running near yesterday's low, with the latest trading around 18000{ RRRRR}
within the day, at the 4-hour level, the moving average system (5, 10, 20) is running in a winding state as a whole, and there is no clear direction. Compared with the previous rebound, the recent rebound strength has a more obvious attenuation phenomenon. At the same time, the MACD index multi head energy column is also shrinking, and the weak situation of this level will not change; In one hour level, the price continues to fluctuate at a low level after a pulse positive line, and there is still no direction to choose at present.
to sum up, the new round of price rebound after touching the support is obviously weak compared with the previous several times, and at the same time, the price has not been able to pull out the positive line at a low level, which itself shows that the market bulls are seriously short of sustainability at this stage, Therefore, it is not appropriate to participate blindly. Pay close attention to the 292 line of long short watershed in the day, do not intervene before this price has not effectively stabilized; Below can temporarily focus on 255 line support platform, prices fall again to this area, stop falling can be short-term light positions to participate in, strict stop loss
The market chart of Leyte currency is as follows:

