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Why Litecoin (LTC)’s Bullish Spree May Be Far From Over Yet

Litecoin (LTC) has faced some strong resistance after its aggressive rally that saw the price surge by more than thirty percent in the past few days. The weekly chart for LTC/USD shows that Litecoin (LTC) has retraced towards the 21 Week EMA as expected. Interestingly, the recent price action bears a strong resemblance to the one seen during May, 2015. The price rallied in a similar manner back then but faced a strong resistance at the previous support turned resistance line. As we can see on the chart, LTC/USD ended that week in red while staying above the 21 Week...

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Bitcoin (BTC) Volatility Index Shows The Bottom Is Either In Or Very Close

Bitcoin (BTC) has recently convinced the majority of traders and analysts that the bearish momentum that has prevailed over the past few weeks has suddenly disappeared. The crypto fear and greed index is once again hovering near 40 which means that the sentiment is mildly bearish and it would not take much to turn the tables on Bitcoin (BTC) bears. The weekly chart for Bitcoin Historical Volatility Index shows that Bitcoin (BTC) is about to complete a volatility cycle that started in late 2016 and ended in early 2019. We saw the major spikes in volatility at the climax of...

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Bitcoin (BTC) Remains Vulnerable Until Trend Line Resistance Is Broken

Bitcoin (BTC) bulls have come up with a lot of bullish setups that could play out in the weeks and months ahead. However, as long as BTC/USD remains below the trend line resistance, all bets are off. Yesterday’s daily candle closed below the trend line resistance after facing strong rejection. Today’s daily candle has already declined below yesterday’s candle and it is now clear that the price may decline towards the 21 Day EMA in the days ahead. That being said, there is no reason to look for bearish entries at this point as the risk/reward is not favorable. Bitcoin...

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Is It Too Early For Bitcoin (BTC) Bulls To Claim Victory?

Bitcoin (BTC) bulls are already celebrating after the massive short squeeze that saw weeks of bearish positions liquidated in a matter of minutes! Even though retail bulls have suddenly appeared out of nowhere to claim victory and take credit for the recent spike in BTC/USD, the reality is that it had more to do with stubborn bearish positions being liquidated than genuine bullish interest returning back to the market. That being said, the recent spike that saw BTC/USD close above its 21 Day EMA has once again sparked a new wave of bullish euphoria in the market, but is it...

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Stellar Lumens (XLM) Faces Strong Rejection At Support Turned Resistance

Stellar (XLM) has faced a strong rejection once again at the previous support turned resistance. The price has already faced rejections more than three times revisiting this level. This goes on to show that the price may have a hard time moving in with the rest of the market as long as this level is not breached. This is a difficult situation for XLM/USD considering it recently experienced an aggressive sell off which made it perhaps the only coin to have stooped to a new low in 2019. Most of the cryptocurrencies are still significantly above their December, 2018 low...

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