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Litecoin (LTC) Is One Move Away From Being In Free-fall

Litecoin (LTC) investors are still too optimistic about the upcoming halvening event in August. However, what most of them do not realize is that a lot could happen between now and August. It is clear that this hype cycle has run too far and LTC/USD has profited enormously off it. To be more precise, the whales that orchestrated this rally likely profited off the most because they just pumped the price at each point and the overly excited retail bulls took it from there. The daily chart for LTC/USD shows the kind of growth we have seen during the past...

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Can Ethereum (ETH) Preserve Its Gains After The Surprising Rally?

Ethereum (ETH) has made a surprising rally that has taken the community by surprise but it is unlikely that this rally will have the momentum to preserve its gains. RSI on the 4H time frame has now run into a trend line resistance and shows a bearish divergence. The price has also faced strong resistance at the top of the ascending channel and has now retraced. This fake out was expected as a possibility because the bears had become too comfortable shorting Ethereum (ETH) within the descending triangle. A decline at stages like these is never too obvious and as...

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Bitcoin (BTC)’s Next Decline Likely To Begin Before Month’s End

Bitcoin (BTC) is attempting to break the biggest resistance zone that stands between it and its next bull run. The irony is that majority of the traders that expected this level to hold as support and to never break are now expecting it to be broken in one go as the price is ready to test it as resistance. This speaks volumes about the stage we are currently at. It shows that the market has yet to inflict maximum pain and that we are definitely due for further downside before any trend reversal occurs. Let’s face it, if BTC/USD were...

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Sally Ho's Technical Analysis 7 May 2019

Bitcoin Bitcoin (BTC/USD) found some buying pressure early in today’s Asian session as the pair moved back to the 5750.00 level after declining to the 5651.00 area during yesterday’s North American session. Earlier in the North American session, the pair got as high as the 5753.66 level before spinning lower, a level that is right around the 23.6% retracement of the 5520.00 – 5831.39 range. Notably, BTC/USD was supported above the 5650.01 area during the brief pullback, previously a relative high dating to 23 April 2019. A move back above recent highs will spotlight the 5808.45 area, representing the 50%...

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Ripple (XRP) Seeks Direction As Price Remains Below 50 Day Moving Average

Ripple (XRP) has shown extreme weakness these past few months as the price has had a very hard time staying above the 50 day moving average. The daily chart for XRP/USD shows that the price of Ripple (XRP) fell below the large symmetrical triangle. However, it ended up climbing back above the trend line support turned resistance and is now once again eyeing a break out to the upside. RSI on the daily time frame shows that XRP/USD might be able to test the top of the symmetrical triangle but the stochastic indicator shows that it might not be easy...

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