Trend chart of Leyte currency
the price of bitcoin is determined by supply and demand. The price of bitcoin is still very unstable, which means that the demand must follow this inflation level in order to keep the price stable. The big price change is e to its great volatility
After a month long correction, the price of Leyte currency has directly dropped by about 50%. Fortunately, the currency has finally stopped the downward trend. Nevertheless, it is still hard to say whether this currency and other competitive currencies will start to rise or continue to decline in the next few weeks, and whether it is possible to break the rock bottom price
on the 1-hour table of Leyte to bitcoin, we can see more clearly that the recent breakthrough occurred near 0.083cong, and then brought a rapid rise of 15%. On the Maxx momentum indicator, the green bar chart clearly shows that the buying momentum has turned upward. The 50 day moving average is now touching the 0.088 Cong control point, which may bring the price back to this range in the short term
in the past 48 hours, the competitive currencies in the whole market showed some urgent rising momentum after continuously breaking the low point
the bank has analyzed for a long time, and it is very important to monitor the correlation between the price trend of lightcoin and bitcoin. The relationship is particularly useful when trying to measure market traffic and whether a competitor is really worth trading. Generally speaking, when bitcoin moves rapidly in any direction, whether upward or downward, it is difficult for competitive currencies to stabilize, because their volatility is far less than that of bitcoin. Therefore, when bitcoin consolidates and develops horizontally, it is the best way for competitive currencies to move higher
this article is for reference only
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The price trend chart of Leyte currency is basically consistent with that of bitcoin and Ruitai currency, as follows:
for example, according to the opening price on July 29 of huoyuan.com, the value of a single currency is 281 yuan. A bitcoin is worth 18879.98 yuan
if you use bitcoin to price Leyte, you can get a price of 281 yuan at the opening on July 29, and take the price of Leyte / bitcoin: 281 / 18879.98 = 0.0148
that is to say, if you bid 0.0148 bitcoin, someone will sell you one. Currency transaction is to exchange one kind of blockchain assets for another, such as using BTC to buy LTC.