While altcoins followed bitcoin’s spike higher on Tuesday, most have since given up the gains. Namecoin is back to trading range-bound while Peercoin retested the 21 cents mark again.
Peercoin Retests $0.21 Low
Alternative cryptocurrency Peercoin has been skirting on the $0.21 mark since our update last week. As we noted in that article, the whole area from $0.20 to $0.213 should be considered as one large support level. Peercoin has tested this support two times. The first occurrence saw the crypto trading as low as $0.211 before rebounding to $0.237 on bitcoin’s spike. But PPC/USD quickly surrendered its gains and yesterday retested the 21 cents mark again, trading to a low of $0.217. We are currently quoted very close to yesterday’s low at $0.218 per coin.
Read More https://blog.fxopen.com/peercoin-retests-lows-namecoin-range-bound/