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Sally Ho's Technical Analysis 27 January 2020 LTC BCH

Litecoin (LTC/USD) appreciated early in today’s Asian session as the pair was lifted to the 57.11 area after buying pressure emerged around the 55.54 level during yesterday’s European session.  Selling pressure last week saw offers emerge around the 62.50 area and drive the pair lower to the 50.63 area, its weakest level since 13 January.  Decent Stops were elected below the 54.61 area, representing the 61.8% retracement of the move from 66.19 to 35.88.  Additional Stops were then triggered below the 51.04 area, representing the 50% retracement of the move from 66.19 to 35.88.  Also, Stops were reached below the...

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Charlie Lee Talks on Bitcoin Cash & the Soft Fork

There have been many hard forks on the bitcoin protocol over the years. The chief executive officer of one of the biggest bitcoin cash mining pools was shown quite a controversial proposal. There have been many hard forks on the bitcoin protocol over the years. Bitcoin cash was just one of them, when it was created due to the ideological differences that were in the bitcoin community at the time. Despite this, the new bitcoin cash was able to draw in a very passionate and vocal community of followers, especially compared to other cryptocurrencies that went down the fork list...

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24 January 2020 - BCH/ BTC – 15-minute

In this 15-minute chart of Bitcoin Cash / Bitcoin (BCH/ BTC), there is an appreciating range from 0.03893 to 0.04026. We can observe that the market then depreciated to the 0.03941 level (identified by the first blue up arrow), just below the 0.03943806 area that represents the 61.8% retracement of the appreciating range. We can observe that this level was a little bit below the 50-bar Simple Moving Average. We can observe that the market then appreciated to the 0.04007 level (identified by the red down arrow), above the 0.03994612 level that represents the 23.6% retracement of the appreciating range....

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Sally Ho's Technical Analysis 21 January 2020 LTC BCH

Litecoin (LTC/USD) weakened early in today’s Asian session as the pair receded to the 57.12 level after being capped around the 58.19 area during yesterday’s North American session, a level that was right around the 50-bar MA (hourly) at the time.  The pair’s recent climb has seen price activity recently hover around the psychologically-important 60.00 figure following a recent high print around the 63.17 level, right around the 38.2% retracement of the move from 107.04 to 35.88.  Another important level that is impacting price is the depreciation from the 80.26 level to the 35.88 area.  Bids recently emerged around the...

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19 January 2020 - BCH/ GBP – Hourly

In this Hourly chart of Bitcoin Cash / British pound (BCH/ GBP), there is a depreciating range from 310.12 to 264.74. We can observe that the market then appreciated to the 288.84 level (identified by the red down arrow), just above the 287.43 level that represents the 50% retracement of the depreciating range.   These levels were also close to the 14-bar Simple Moving Average (identified in yellow), indicating around the 285.95 level. We can observe that the market then depreciated to the 255.00 level, below the 55-bar Simple Moving Average (identified in blue), indicating around the 266.34 area. Using RSI,...

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