The Bitcoin rate is approaching the record highs -$$$
Prices for bitcoyne continue to grow and are now in a pair of percentage points from record highs. Litecoin, by contrast, continues to fall against its older brother, but trades mostly in flat against the US dollar.
As we noted last week, with the breakdown of the figure of $ 4,500, the pair BTC / USD returned to an uptrend. Currently, BTC is quoted at $ 4,829 per coin, only $ 131 below the $ 4,960 absolute high for FXOpen and $ 171 below the $ 5,000 high at other major sites. This round figure will be the next important level. The decisive breakdown above can lead to an increase in prices.
At the bottom of the chart, the support level is at $ 4,500, followed by a local minimum of $ 4,123 and a round figure of $ 4,000. Breakdown of $ 4,123 technical will complete the current rally. Below is the support area around the round figure of $ 3,500, and also the local minimum of $ 3,537. Going beyond this zone could lead to a new downtrend and potentially open the way to the level of $ 3,000. On the weekly and monthly charts, the pair BTC / USD remains in an uptrend.
It turns out that (at least in part) this jump is due to the forthcoming fork in November. Traders may feel reassured by receiving a "free dividend" during the August fork of bitcoin. This time the situation may be different, because there is still no safe way to divide the currency from two forks.
Today, the main developer of "Segwit2x" removed protection from the replay attack due to security problems. Both "Core" and "Segwit2x" want to keep the title of "true BTC". Project devotees did not want hard protection against replay in their software, as this could be perceived as a lack of hash power in the circuit to prevent complete destruction.
Litecoin is still in a downtrend
Lightcoin did not strongly sink to the US dollar, but there was no growth either. This means that LTC still has not overcome an important resistance of $ 57.32. As we mentioned last week, this is a new level for observation. The decisive breakdown in this case would complete the downtrend and would be the start of a new rally.
Below the current prices is weak support at the round figure of $ 50, followed by another weak support level at yesterday's low of $ 47.85. A stronger level can be found at a local minimum of $ 44.47, followed by a round figure of $ 40 and another local minimum at $ 38.11 per coin. Last month's low $ 32.35 is another important level of support. On the weekly chart there is no clear trend for LTC / USD. On the monthly chart, the pair still looks bullish.