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Litecoin (LTC) Likely To Decline Further But Significant Upside Might Soon Follow

Litecoin (LTC) is due for major downside from current levels. The price has already declined below the 61.8% fib retracement level from the last top of the previously broken market structure. It is now eyeing a decline to the 38.2% fib retracement level around $50. We are likely to see this move come to fruition as LTC/USD is already trading below its 50 day EMA as well as the 21 day EMA. However, the 38.2% might serve as a strong support short term not only because it is the 38.2% fib retracement level but also because it coincides to the...

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Washington BTC ATM Stolen By Two Thieves Caught On Camera

Here’s an interesting bit of news for you, a Bitcoin ATM has reportedly been stolen in the United States with the theft even being caught on tape. According to a report published by the Finnish news site Ilta Sanomat posted this week, two thieves have gone out of their way to steal a bitcoin atm in the US in a mall-based in Washington DC on 3rd August. Furthermore, the alleged two suspects have been filmed by a surveillance camera as they stole the machine. The two timed their theft when all the shops in the mall were closed so no...

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India’s Central Bank Given A Fortnight To Justify Crypto Situation

India’s outlook on crypto is less than favourable. It’s been known for a while now that India basically hates cryptocurrency but now, the Supreme Court in the country has slammed its central bank over how it dealt with the crypto situation and has even ordered it to address the complaints. In an ongoing hearing into the actions of the Reserve Bank of India (RBI) on 21st August, the court ruled that officials had not correctly responded to the concerns from the cryptocurrency industry over its actions. In July last year, the reserve bank banned other banks from servicing crypto operators...

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How A Recession Could See Bitcoin Thrive

One thing that most Americans won’t want to hear right now is the word, ‘recession’.  Unfortunately that word came out of Donald Trump’s mouth earlier this week on the 20th and whereas a recession is a piece of bad news for the dollar, Bitcoin could take advantage of the situation and fly high during such a time.  The consensus of most analysts outlooks on the matter is that there won’t be a recession in the United States this year or next, but with everything going on in the US at the minute, who knows what will happen. The man behind...

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Sally Ho's Technical Analysis 25 August 2019

Bitcoin Bitcoin (BTC/USD) continued to consolidate recent gains early in today’s Asian session as the pair traded back below the psychologically-important 10,000 figure following its recent move to a relative high of 10,478.00.  Stops were elected below the 10,033.66 area during the move lower, representing the 61.8% retracement of the move from 9,759 to 10,478.  Bids emerged around the 9,880.59 area, representing the 61.8% retracement of the move from 7,427 to 13,850. BTC/USD Bears also triggered Stops below the 10,218.54 area during the pullback, the area where the 50-bar MA (hourly) was then indicating.  The pair’s short-term outlook and bias...

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