I took lowstrife's idea for LTCBTC () and applied it to NMCBTC. RSI is showing bullish divergence and RMI is in a similar lower area to where it was during the last large rally.
I've seen this question come up a lot since Bitcoin begun rising. These two altcoins have historically followed each other very closely in terms of price until recently. As Bitcoin rises and altcoin prices have fallen, we have seen Peercoin (PPC) drop below Namecoin (NMC) significantly. I believe the explanation for this is quite simple: there are more Peercoins...
Showing clear divergence on H4 chart, breakout incoming.
Namecoin (NMC) is currently sitting on long term support. As it takes more and more money to move Bitcoin, the alternative cryptocurrencies will start to pick up. It's a no brainer to throw a few dollars onto this at the bottom with small risk (stop under $2-$2.1) or wait for the break out at around $2.8-$3. It has already sailed through the long term resistance...