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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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Bitcoin Cash: Coinbase Release Research On BCH 51% Attack

Researchers at one of the biggest cryptocurrency exchanges in the world, Coinbase have released their own investigate findings into the recent controversy behind the Bitcoin Cash 51 percent attack, but it seems their finding may upset a few Bitcoin enthusiasts. Following the attack on Bitcoin Cash in mid-May, a group of miners colluded to reverse the attacked blocks and return misappropriated funds to their rightful owners. The Bitcoin Cash community came under fire from supporters of Bitcoin. Although according to a blog post published at the end of last week by Coinbase, the worldwide cryptocurrency platform ultimately saw good sense...

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Sally Ho's Technical Analysis 8 May 2019

Bitcoin Bitcoin (BTC/USD) was volatile early in today’s Asian session as the pair came off to the 5656.26 area, just above the 5650.01 level that it has bounced above several times in recent trading sessions. During yesterday’s European session, the pair raced higher to the 5974.51 level, its strongest showing since 14 November 2018. Price faded during yesterday’s European and North American sessions after stopping short of testing the psychologically-important 6000 area. Traders are paying very close attention to how BTC/USD reacts on pullbacks. Chartists are eyeing some new retracement levels including 5581.93/ 5463.76/ 5345.58, related to the 4963.00 –...

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