Bitcoin, Litecoin & DigiByte - American Wrap: 10/29/2020

Data Shows Bitcoin May Drop Before The US Elections And Rebound Sharply Afterwards

If we observe Bitcoin's price action in November 2012, around two weeks before the election, the digital asset plunged by 20% and didn’t recover until weeks later. It’s important to note that BTC was far more volatile in 2012 as trading volume was minimal.

Litecoin Price Prepares For A Multi-Month Breakout Despite On-Going Correction

LTC seems to be trading inside a descending wedge formed on the monthly chart and is currently at $55.88, after having touched $53.44. The pattern is on the cusp of a massive breakout. Additionally, an essential technical indicator is about to present a strong buy signal.

DigiByte Price Prediction: DGB Poised For A Massive Comeback

DigiByte seems to be getting ready for an upswing following extended declines since September. The downtrend has been constrained in a descending parallel channel. Meanwhile, support at $0.18 in conjunction with the channel’s lower boundary allowed the bulls to take back control, commencing the undergoing recovery.

Image sourced from Pixabay