Hot Topics
Coin Gecko

Advertisement

Advertisement

Sally Ho's Technical Analysis 19 November 2019

Litecoin Litecoin (LTC/USD) fell sharply early in today’s Asian session as the pair reached a low around the 53.89 area steady selling from the 60.04 area during Friday’s North American session.  Many traders noticed that the pair briefly tested and traded as low as the 56.09 area during last Friday’s North American session, an important technical development given the technical significance of the 56.71 area as the 50% retracement of the recent 47.22 – 66.19 range.  The pair’s brief movements below that level opened up potential downside targets such as the 54.47 and 51.70 areas, representing the 61.8% and 76.4%...

Read More

Sally Ho's Technical Analysis 14 November 2019

Litecoin Litecoin (LTC/USD) was marginally stronger early in today’s Asian session as the pair climbed to the 60.78 area after trading as low as the 60.12 area during yesterday’s North American session. The pair’s recent range expansion has increased the importance of longer-term price ranges, meaning additional areas of technical Support and technical Resistance are being watched by traders.  Below current market activity, the 47.13 area represents the possible technical Support and the 23.6% retracement of the 127.95 – 22.17 range.  The pair’s next upside price objective related to this range is the 62.58 area. Another very important technical range...

Read More

Sally Ho's Technical Analysis 27 October 2019

Litecoin Litecoin (LTC/USD) was a little weaker early in today’s Asian session as the pair traded down around the 55.77 area following the spike to the 64.40 area during yesterday’s Asian session.  Several key levels were absorbed during yesterday’s surge including a test of the 63.74 area, representing the 50% retracement of the move from 80.26 to 47.22.  After traders reclaimed the 51.39 area, some additional upside price targets were reached including the 52.15 and 53.68 areas, both of which are retracement levels related to the depreciation from the 60.13 area. The recovery from last week’s low of 47.22 was...

Read More

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...

Read More

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...

Read More