Bitcoin is trading 0.55% lower on Thursday and the market is strangely quiet. The candles are worryingly small and this can happen before an explosive move. On the chart below the 7K level seems to be the stumbling block for the bulls. It has been tested a couple of times now and whenever the bulls get close the price sells off again.
Ethereum price is trading in the red by 3.30% in the session on Thursday.
ETH/USD continues to move within a very tight range, breakout looming.
The price has failed to find any direction since the stabilization from selling some two weeks ago.
Litecoin price is trading in negative territory by 0.90% in the session on Thursday.
LTC/USD has offered little in terms of price action since 13 March.
Given the narrow conditions, it suggests a big breakout is in the works for Litecoin.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.