All four major cryptocurrencies, bitcoin, litecoin, peercoin and namecoin, have ended their downtrends in the past five days. For BTC/USD and LTC/USD the end came on September 6th, with a decisive break above $231 and $3 respectively. For Peercoin and Namecoin the downtrend stopped one day later on the 7th of September, with a break above the previous high at 38 cents for PPC and 43 cents for NMC. We noted both of these levels as trend stoppers in our previous update on the two cryptocurrencies.

Peercoin Rallies 44 Percent

With a massive rally of 13 cents or 44 percent from the $0.291 low, PPC/USD put an end to the losses. One coin is currently selling for 38.9 cents, 34 percent higher from the August 25th low. Read More https://blog.fxopen.com/peercoin-rallies-44-namecoin-downtrend-over/

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