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Litecoin (LTC) Likely To Decline Further But Significant Upside Might Soon Follow

Litecoin (LTC) is due for major downside from current levels. The price has already declined below the 61.8% fib retracement level from the last top of the previously broken market structure. It is now eyeing a decline to the 38.2% fib retracement level around $50. We are likely to see this move come to fruition as LTC/USD is already trading below its 50 day EMA as well as the 21 day EMA. However, the 38.2% might serve as a strong support short term not only because it is the 38.2% fib retracement level but also because it coincides to the...

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Sally Ho's Technical Analysis 25 August 2019

Bitcoin Bitcoin (BTC/USD) continued to consolidate recent gains early in today’s Asian session as the pair traded back below the psychologically-important 10,000 figure following its recent move to a relative high of 10,478.00.  Stops were elected below the 10,033.66 area during the move lower, representing the 61.8% retracement of the move from 9,759 to 10,478.  Bids emerged around the 9,880.59 area, representing the 61.8% retracement of the move from 7,427 to 13,850. BTC/USD Bears also triggered Stops below the 10,218.54 area during the pullback, the area where the 50-bar MA (hourly) was then indicating.  The pair’s short-term outlook and bias...

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Bitcoin (BTC): The Worst Has Yet To Come

Bitcoin (BTC) saw a massive decline in price after it failed to close day above the 50 day EMA. This has panicked a lot of bulls who expected the price to rally past $11,000 in the days ahead. However, most of the bulls do not realize that this is nothing compared to what has yet to come. These moves are just temporary shakeouts before the price does the inevitable and declines below the descending triangle. The recent move towards the 50 day EMA was aimed at shaking out the bears. As we can see on the daily chart for BTC/USD,...

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Sally Ho's Technical Analysis 24 August 2019

Litecoin Litecoin (LTC/USD) sought fresh market direction early in today’s Asian session as the pair continues to trade below the psychologically-important 100.00 figure, a level it fell sharply below earlier this month. The market yielded a lot of clues during its descent below this area, especially around the 83.34 area, a downside price objective related to the recent high of 145.97. Likewise, LTC/USD Bulls have managed to keep the pair Bid above the 68.44 area, representing the 61.8% retracement of the move from 22.17 to 144.34. Sentiment clearly remains quite Bearish given the pair’s ongoing depreciation below the 50-bar MA...

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Ethereum (ETH) Primed For A Crippling Crash In The Near Future

Ethereum (ETH) is on the verge of one of a devastating decline. No number of relief rallies to the upside that temporary raises bullish morale is going to change that. There is a difference between bullish sentiment and bullish setup. Sentiment does not take much to change but the setup takes a lot to change and what we see before us on the 4H chart for ETH/USD is a bearish setup. The price is trading within a strong downtrend inside of a descending triangle. This triangle is now very likely to be broken to the downside during the next decline...

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