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Sally Ho's Technical Analysis 8 September 2019

Litecoin Litecoin (LTC/USD) appreciated a little bit early in today’s Asian session as the pair reached the 70.00 figure after trading as high as the 70.58 area in yesterday’s North American session and finding buying pressure around the 64.64 area during yesterday’s European session.  Traders are trying to establish a base around the 100-bar MA (4-hourly), currently indicating around the 68.71 area, and keep the pair above the 50-bar MA (4-hourly).  Traders also established a base around the 66.80 area during the move higher, representing the 61.8% retracement of the move from 94.39 to 22.17. Price activity saw LTC/USD easily...

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Ethereum (ETH) Bulls Have Lost Control, Price Likely To Plunge Below $150

Ethereum (ETH) bulls lost control of the price when it declined below $175 and kept on declining all the way till $165. The price is now attempting to retest the previously broken support levels as resistance but it lacks the strength to push through now that it is close to breaking out of the descending triangle. The 4H chart for ETH/USD shows that the price has faced a strong rejection at the trend line support turned resistance. The most probable scenario will be for the price to continue its descent from here towards the bottom of the descending triangle. It...

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Sally Ho's Technical Analysis 7 September 2019

Litecoin Litecoin (LTC/USD) traded lower early in today’s Asian session, reaching a low of 63.87, as the pair continues to exhibit weakness and trade just above some very important technical downside levels.  Earlier this week, the pair appreciated and tested the 100-bar MA (4-hourly), then trading around the 70.75 area but Bulls were unable to push the pair higher above that technical Resistance.  Traders are searching for direction around the 50-bar MA (4-hourly) after pushing LTC/USD below this area on Thursday. One very important level that traders are watching is the 62.58 area, representing the 38.2% retracement of the move...

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Litecoin (LTC) Remains At Risk Of A Major Crash While It Remains Below $70

Litecoin (LTC) seems to be rallying and declining in the same manner. The daily chart for LTC/USD shows how similar Litecoin (LTC)’s descent is to its ascent. It has now declined below the 38.2% fib extension level. The price ended up testing this level but faced a strong rejection. The next stop from here would be the 61.8% fib extension level but if it keeps on declining in this manner closely mimicking the manner in which it rallied, then we are not likely to see the 61.8% level hold for long and eventually the price is going to decline much...

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Why Bitcoin (BTC) Is Primed For A Sharp Decline From Current Levels

Bitcoin (BTC) has a history of repeating certain fractals. They can be easy to find for those that are willing to go the extra mile to do their research. In this case, that fractal is right in front of us. When the price tested the top of the symmetrical triangle the last time before it declined to the bottom of it, the fractal it formed is similar to what is in the making right now. There is the same pattern of rise followed by three tops which is then followed by a decline when the price faces a rejection at...

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