Published on September 16th, 2017 | by bitcoin0
Cryptocurrency Price Analysis for September 16
The news from China over the last couple of days has been the main driver of cryptocurrency movement.
There were lots of rumours and as soon as BTCC informed about a trade shutdown, the market moved down.
Development of the situation: everything happened fast, rumours about shutdown have not been confirmed, OKCoin and Huobi continue to work, but close trading and deposits (CNY).
Big sells on rumours, big buys on refutation – all cryptocurrencies have been prone to speculative movements in the lastest days.
It’s an atypical situation, but right now the uptrend dynamic level will be good support for LTC.