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Sally Ho's Technical Analysis 13 October 2019

Litecoin Litecoin (LTC/USD) was rangebound early in today’s Asian session as the pair traded as high as the 56.24 level after trading as low as the 55.23 area during yesterday’s North American session. Traders continue to monitor price activity around some key levels including the 59.97 area, representing the 23.6% retracement of the 182.35 – 22.17 range.  The markets crashed below this area on 24 September en route to its recent low print of 50.25 and LTC/USD will need to recover and become constructive above this area if positive sentiment will emerge in the medium-term.  A couple of additional levels...

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Sally Ho's Technical Analysis 9 September 2019

Litecoin Litecoin (LTC/USD) gained ground early in today’s Asian session as the pair appreciated to the 70.46 area after encountering some difficult technical Resistance during yesterday’s European and North American sessions. During yesterday’s Asian session, the pair traded as high as the 72.25 level before coming off and then depreciated as low as the 68.01 area during yesterday’s European session. LTC/USD briefly traded below the 100-bar MA (4-hourly) during its pullback, and then orbited the 69.47 area for a couple of trading sessions, a level that represents the 61.8% retracement of the 22.17 – 146.00 range. Sentiment continues to remain...

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Sally Ho's Technical Analysis 8 September 2019

Litecoin Litecoin (LTC/USD) appreciated a little bit early in today’s Asian session as the pair reached the 70.00 figure after trading as high as the 70.58 area in yesterday’s North American session and finding buying pressure around the 64.64 area during yesterday’s European session.  Traders are trying to establish a base around the 100-bar MA (4-hourly), currently indicating around the 68.71 area, and keep the pair above the 50-bar MA (4-hourly).  Traders also established a base around the 66.80 area during the move higher, representing the 61.8% retracement of the move from 94.39 to 22.17. Price activity saw LTC/USD easily...

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Sally Ho's Technical Analysis 7 September 2019

Litecoin Litecoin (LTC/USD) traded lower early in today’s Asian session, reaching a low of 63.87, as the pair continues to exhibit weakness and trade just above some very important technical downside levels.  Earlier this week, the pair appreciated and tested the 100-bar MA (4-hourly), then trading around the 70.75 area but Bulls were unable to push the pair higher above that technical Resistance.  Traders are searching for direction around the 50-bar MA (4-hourly) after pushing LTC/USD below this area on Thursday. One very important level that traders are watching is the 62.58 area, representing the 38.2% retracement of the move...

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Can Bitcoin Cash (BCH) Rally As Bitcoin (BTC) Falls?

Bitcoin (BTC) seems to be preparing for a decline and so is the rest of the cryptocurrency market. Bitcoin Cash (BCH) being an altcoin is at an even bigger threat. However, a lot of people are still very interested in whether Bitcoin Cash (BCH) could rally as Bitcoin (BTC) falls. The reason they ask that question is because this has happened in the past. We have seen an inverse correlation between Bitcoin Cash (BCH) and Bitcoin (BTC). If you were following the Bitcoin Cash (BCH) hashwar last time that lead to a hard fork, you would understand how manipulated all...

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