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Sally Ho's Technical Analysis 27 July 2019

Litecoin Litecoin (LTC/USD) continues to trade below a key technical level as negative sentiment continues to keep the pair capped around the psychologically-important 100.00 figure. The 107.27 area is an important technical level and the pair’s inability to move above it mid-month saw traders trigger Stops below the 83.34 area, an important downside price extension objective that corresponds to the pair’s recent high of 145.97.  If additional bearish sentiment develops, LTC/USD traders will eye additional an additional downside price extension objective around the 63.99 area. The 50-bar MA (4-hourly) and the 100-bar MA (4-hourly) are converging and if the 50-bar...

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Buterin Talks On Bitcoin Cash Implementation for Scaling Ethereum

One of the co-founders of Ethereum, Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The well-known crypto figure introduced a summary of the idea in a blog post published on 13th July. In the past, the Ethereum network has gone through some scalability problems, with its native blockchains capable of processing as few as fifteen transactions per second (TPS), whereas its rival, Ripple is believed to have a TPS capacity of 1,500. With this, the Ethereum community has been working hard on the next venture for the decentralised project,...

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Sally Ho's Technical Analysis 15 July 2019

Litecoin Litecoin (LTC/USD) extended recent losses during yesterday’s North American session and traded below the 92.00 figure for the first time since 24 May. Stops were elected below the 95.86 area, representing the 61.8% retracement of the move from 64.86 to 146.00.  The pair’s next downside retracement level related to that range is the 84.01 area, and Stops are likely in place below this level as well. Price activity is approaching a couple of critical levels and if they are broken, bearish sentiment will likely continue. The 88.68 area is the next immediate downside target and it represents the 23.6%...

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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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