The longer-term picture hasn’t changed since our last update. Bitcoin is still range-bound on the daily charts while LTC continues the downtrend. During the past seven days, however, both coins got a lift with BTC rallying by $17 while LTC is up by 7 cents.
Bitcoin Gains 2.7 Percent
Bitcoin gained $20 this week, from $639 to $656 per coin. This is a move of about 2.7 percent. But as we mentioned above, the daily picture is still undecided as we can see on the chart below.
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