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Virtual currencies trade dead flat

FXStreet (Mumbai) - Virtual currencies - Bitcoin and the Litecoin - are trading dead flat amid lack of fresh triggers.

The BTC/USD is up just 0.85% for the day at 381 while the LTC/USD is trading 0.69% up at 3.92 levels. Both the currencies have been trading in a narrow range for the last ten odd sessions. According to Coindesk, the average price of Bitcoin across the globe, indicated by the Bitcoin price index, has inched 1.44% higher to USD 384.82 levels.

In the meantime, Bticoin has gained 1.94% to trade at 309.90 against the Euro. Elsewhere, on Shanghai based BTC China, the virtual currency has inched higher by 1.51% to trade at 2369 levels.

Bitcoin Technical levels

Bitcoin is trading near an immediate resistance of 386, above which prices can rally to 400 levels. On the downside, immediate support is located at 360 levels. Overall the virtual currency is stuck in a range of 360-390 levels.

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