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Bitcoin falls while Litecoin gains 2.6%

FXStreet (Mumbai) - The virtual currency space is witnessing action today as the Litecoin has gained more than 2% while the Bitcoin has breached the technical range it traded for the major part of this month.

The BTC/USD is trading 0.61% lower at USD 348.80. The virtual currency failed to rise back to the USD 360-390 range after having breached it last Thursday. Over the weekend, prices largely consolidated around USD 350-355 levels. Meanwhile, the BTC/EUR pair is down 2.66% to trade at 277.00 levels, while the BTC/CNY pair is more or less unchanged for the day at 2148.62 levels.

Elsewhere, the Litecoin or the LTC/USD pair has gained 2.68% to trade at 3.80 levels.

Litecoin Technical levels

Litecoin has an immediate resistance of 3.84 (Oct 23rd high), above which prices can rise to 4.00 levels. On the other hand, failure to sustain gains above the hourly chart support of 3.77 shall open doors for a re-test of 3.67 levels.

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