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NEO (NEO) Consolidates Before Its Next Big Move

NEO (NEO), the Chinese Ethereum that became the centre of attention during the previous bullish cycle of the cryptocurrency market is all of a sudden completely forgotten after the recent correction. Their development team seems to be working in a low key style on the project and does not care about publicity. While it may be hard to tell what the NEO (NEO) development team is really up to, the above weekly chart for NEO/USD shows us clearly what NEO (NEO) is up to. For the past seven weeks, NEO (NEO) has been consolidating after retesting a strong support at...

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Litecoin (LTC) Finally Forms A Strong Bottom, Prepares For Trend Reversal

Litecoin (LTC) appeared extremely weak when it fell below the 21 Week EMA. The decline was a very sharp and steady one. Debates over value proposition of Litecoin (LTC) began to surface and a lot of investors and analysts were convinced that Litecoin (LTC) might break market structure and fall significantly below $50. However, as the above weekly chart for LTC/USD shows, Litecoin (LTC) did an excellent job at not only defending key support levels but also forming a strong bottom. The yellow rectangular bar on the above chart shows how Litecoin (LTC) successfully managed to stay above the support...

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Bitcoin (BTC) Bears May Win The Battle But They Have Already Lost The War

Chart for BTC/USD (1D) Bitcoin (BTC) bears may win the battle but they have already lost the war. First of all, what is the battle? The battle is Bitcoin (BTC) bulls trying to break above the triangle and Bitcoin (BTC) bears trying to drag the price down. Studying the near past, we can see that Bitcoin (BTC) bulls have lost two such battles to Bitcoin (BTC) bears. Therefore, there still remains a strong probability that Bitcoin (BTC) bulls might lose the current battle again to Bitcoin (BTC) bears. However, going a bit farther in the past, we will see that...

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Is Ripple (XRP)’s Wild Bullish Spree Sustainable?

Ripple (XRP) has been on a wild bullish spree these past few days. A lot of people even in the crypto community have been trying to wrap their mind around how Ripple (XRP) has achieved such gains without the blessing of Bitcoin (BTC). Certainly, for critics of Ripple (XRP) this was another opportunity to criticize it as a pump and dump scheme and to warn new investors as to the harms of catching the FOMO train on this one. This may sound somewhat farfetched but these critics have a point. The existing rally for Ripple (XRP) that we have witnessed...

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Ethereum Classic (ETC) Is About To Have Its Biggest Breakout Ever

Chart for ETC/USD (1W) Ethereum Classic (ETC) is the coin to load up during the current market correction. As the old saying goes, “Buy when there is blood on the streets, even if the blood is your own”, Ethereum Classic (ETC) investors have been holding on to their coins and accumulating more during the correction. The Ethereum Classic (ETC) investor community is not really a large one at this point, but it definitely is one of the most knowledgeable and meticulous ones. This means that most of them are not going to invest in something because there is a lot...

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