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Sally Ho's Technical Analysis 12 July 2019

Litecoin Litecoin (LTC/USD) has shed a significant amount of ground this week, cratering to the 95.25 area during Thursday’s European session after declining to 102.50 level during Wednesday’s North American session, its weakest showing since early June. Stops were elected this week below the 109.93 area, representing the 38.2% retracement of the 251.90 – 22.17 range. During the massive decline on Wednesday, the price cratered to just below the 102.99 area, representing the 76.4% retracement of the move from 127.95 to 22.17.  During yesterday’s move, LTC/USD tested and then traded below the 95.86 area, representing the 61.8% retracement of the...

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CD 21 Leaders Index Lower on Ontology, TRON, and Fed’s Warning

The CryptoDaily 21 Leaders Cryptocurrency Index weakened further and closed at 44.26 on Thursday from 46.82 on Wednesday, a 5.46% drop. The 21 Leaders Index is down 11.93% over the past 7 days and is down 4.13% over the past 30 days. Ontology (ONT) led the losers with a 12.1% decline to a market capitalisation of US$ 569.86 million as its price declined below 0.0000920. TRON (TRX) also slumped 12.1% to a market capitalisation of US$ 1.86 billion despite the recent launch of BitTorrent Speed. Bitcoin Cash (BCH) gave back 10.3% to a market capitalisation of US$ 6.2 billion as...

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Sally Ho's Technical Analysis 7 July 2019

Litecoin Litecoin (LTC/USD) continues to try to make advances above the psychologically-important 120.00 figure but continues to be capped around its 50-bar MA (4-hourly), currently indicating around the 121.80 level.  During yesterday’s North American session, the pair traded as high as the 122.29 area but then fell back below the 50-bar MA (4-hourly).  Technicians note that the 121.16 level represents the 61.8% retracement of the move from 182.35 to 22.17, and Stops have been elected around this area previously. LTC/USD was challenged around the 127.37 area this week, a key area that is around several important retracement levels including the...

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Sally Ho's Technical Analysis 26 June 2019

Litecoin Litecoin (LTC/USD) recently traded at its strongest level since May 2018, printing as high as the 146.00 figure this past weekend before moving lower during recent trading sessions after it fell below the 50-bar MA (4-hourly) and tested the 100-bar MA (4-hourly).  The move higher over the weekend was capped right around the 76.4% retracement of the move from 182.35 to 22.17, an important technical level. Recent lows have been around the 132.13 area, representing the 61.8% retracement of the 144.28 – 112.72 range. Above current market activity, technical Resistance is expected around the 140.70 area, representing the 61.8%...

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Sally Ho's Technical Analysis 15 June 2019

Litecoin Litecoin (LTC/USD) recently traded at its strongest level since May 2018, printing as high as the 144.34 area this past week before yielding some recent gains. An extremely important level is the 137.04 area, representing the 50% retracement of the move from 251.90 to 22.17. Stops were elected above this area during the week and the pair derived some short-term constructive demand before marching lower. The 137.04 area quickly became technical Resistance during the move lower, an indication of its significance. Another key area that was tested this week was the 121.16 area, representing the 61.8% retracement of the...

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