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No action in Virtual currencies

FXStreet (Mumbai) - The virtual currency space saw almost no action in the last week or so as prices remain dead flat. Moreover, the investors awaiting fresh triggers which may result in volatility in the virtual currencies.

The BTC/USD is trading 1.27% lower at 377, although the virtual currency is still stuck in a range of USD 360-390. Meanwhile, the LTC/USD or Litecoin, is trading 2.09% lower at 3.82 levels. The CoinDesk’s Bticoin price index, which indicates the average price of the virtual currency across the globe, has weakened 1.09% to USD 378.22.

Litecoin Technical levels

Litecoin has an immediate support of 3.8 (daily low), below which prices can fall to 3.74 levels. On the flip side, Litecoin can rise to 3.95 levels if the immediate resistance of 3.85 is breached.

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