Bitcoin, Ripple, Litecoin - Latest Charts Look Weak | Webinar

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Bitcoin, Ripple, Litecoin News and Analysis

- Google's ban on ICO and cryptocurrency advertising follows Facebook's announcement in late January.

- Cryptocurrencies remain weak as technical support levels fail.

In periods of quiet trade/low volatility traders should read/re-read the Traits of Successful Traders guide to make sure they stick to market 'best practice'.

We have recently released A Guide to Day Trading Bitcoin & Other Cryptocurrencies to help traders navigate this volatile marketplace.

Cryptocurrency Market Follows the Path of Least Resistance

The main crypto tokens continue to move lower after Google banned advertising and a warning from the head of the IMF Christine Lagarde. An already weak market moved further South with Bitcoin (BTC) , Ripple (XRP) , Litecoin (LTC) and Ethereum (ETH) all eyeing low prints made on February 6. And in the last 9 weeks, the crypto market has shed nearly $500 billion in market capitalization ($835 billion -> $355 billion) as buyers leave the space.

Top Six Cryptocurrencies by Market Value - March 14, 2018

Bitcoin, Ripple, Litecoin - Latest Charts Look Weak | Webinar

Cryptocurrency Trader Resources - Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash or Ethereum we can offer you a wide range of free resources to help you. We have an Introduction to Bitcoin Trading Guide along with a Free Practice Account . In addition we have an IG Bitcoin Sentiment Indicator to help you gauge the market and make more informed trading decisions.

What's your opinion on the cryptocurrency market at the moment ? Share your thoughts with us using the comments section at the end of the article or you can contact the author via email at Nicholas.cawley@ig.com or via Twitter @nickcawley1.

--- Written by Nick Cawley , Analyst .

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Forex

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