Whereas the vast majority if cryptocurrency markets seem to indicate bullish momentum, there are always some exceptions to take note of. Contrary to what people expected, the Ravencoin price is noting some pretty big losses across the board. Holding on to the $0.057 level might not be as straightforward as initially assumed.

Ravencoin Price Starts Heading South

It is more than obvious most of the cryptocurrency markets follow Bitcoin’s price trend at all times. Some of the adverse markets can be worth keeping an eye on as well, but only if the trend works in their favor. For Ravencoin, that is not the case right now, as it is one of the few top 50 markets noting any net losses. In fact, the losses may continue to pile up over the coming hours.

To be more specific, the Ravencoin price dropped by 4.4% down to $0,057624. To make matters worse, there is also a 5.4% decline in RVN/BTC, as that ratio now sits at just 1,090 Satoshi. It is not impossible this ratio will continue to dip further and eventually test the 1,000…

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Source: https://themerkle.com/ravencoin-price-dips-slightly-as-other-markets-grow-more-bullish/