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Litecoin (LTC) Might Repeat History As Price Revisits Critical Resistance

Litecoin (LTC) is all set to repeat history once again as the price revisits a critical trend line resistance. The last time this happened, we saw LTC/USD break straight through the resistance to settle above the 50 day moving average. Considering that Litecoin (LTC) does not have much room to rally this time, we expect the price to break just above the trend line resistance so it can rest atop the 50 day moving average. We could see some sideways movement for a long time before the price rallies again. If Litecoin (LTC) follows the same cycle as before, we...

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Ripple (XRP) Fails To Break Past 50 Day MA While Altcoins Rally Doubt Digits

Ripple (XRP) is going through a tough time as the price closed the day below the 50 day moving average yesterday and is currently showing no signs of a bullish reversal. If it continues to trade below the 50 day moving average, we could see it fall below a critical trend line support. On the other hand, if the price succeeds in breaking above this level, we could see it rise towards the 200 day moving average before it faces a strong rejection. The daily chart for XRP/USD shows that the price is recovering from oversold conditions on the daily...

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Bitcoin (BTC)’s Future Outlook Hinges On Price Action In Next Few Days

Bitcoin (BTC) has printed most of the patterns of the 2014-15 trading cycle so far. The more we see this cycle proceed towards completion, the easier it becomes to spot similarities between now and then. However, the price does not often follow the exact same price action. In other words, history may not necessarily repeat itself but it does rhyme. That is exactly what we have seen happen in the past several months of Bitcoin (BTC)’s bear trend. Certain movements are hard to time but others like a break of market structure or resistance at a historical trend line resistance...

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Sally Ho's Technical Analysis 28th March 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains during today’s Asian session as the pair got as high as the 4035.80 level, after absorbing technical Resistance around the 4009.52 area, representing the 76.4% retracement of the 4056.33 – 3858.00 range. Price activity is now trading above 50-bar MA, 100-bar MA, and 200-bar MA on both Hourly and 4-Hourly charts. As noted in our 27 March 2019 analysis, traders tested the 3984.88 level without much resistance and are working to establish a base above the key technical level, representing the 61.8% retracement of the move from 4188.79 – 3655.00. Technical Support is expected...

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Ethereum Classic (ETC) Tests Previous Trend Line Resistance As Strong Support

Ethereum Classic (ETC) has just tested the previous trend line resistance as a strong support and bounced off it starting the day with an almost 4% gain. The daily chart for ETC/USD shows that the price still has plenty of room to rally towards the 200 day moving average which means we could see a price of $6 per coin or higher before the next major decline. Ethereum Classic (ETC) has seen its fair share of negative developments in the recent past but that does not seem to have deterred investors from investing in this promising blockchain project. Recently, Anthony...

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