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Sally Ho's Technical Analysis 19 November 2019

Litecoin Litecoin (LTC/USD) fell sharply early in today’s Asian session as the pair reached a low around the 53.89 area steady selling from the 60.04 area during Friday’s North American session.  Many traders noticed that the pair briefly tested and traded as low as the 56.09 area during last Friday’s North American session, an important technical development given the technical significance of the 56.71 area as the 50% retracement of the recent 47.22 – 66.19 range.  The pair’s brief movements below that level opened up potential downside targets such as the 54.47 and 51.70 areas, representing the 61.8% and 76.4%...

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Could Brexit And The US Trade War Impact Bitcoin?

Could the current state of Brexit impact the price of Bitcoin Institutional investors are always talked about to have an impact Since the start of the year, Bitcoin has been making its way to once again reach its all-time high of $20k… or at least it’s trying to.  There’s been a lot of volatility being shown over the past few months (nothing new there), and as the flagship cryptocurrency attempts to stay above the $10k range, let’s take a look at what is the actual cause of this volatility and what can trigger the prices to stall.  Before we go...

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Ethereum (ETH) Likely To Enter A New Bear Trend Against Bitcoin (BTC)

Ethereum (ETH) is ready to enter a new bear trend against Bitcoin (BTC). The daily chart for ETH/BTC shows that the pair has now run into a confluence of resistance levels that will be very hard to breach. There are two trend line and one horizontal resistance line that the pair has to break past if it is to begin a new uptrend. So far, it has become very clear that Ethereum (ETH) has run out of room to rally against Bitcoin (BTC). RSI on the daily chart for ETH/BTC has also run into a key resistance and is now...

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Where Will Bitcoin Flourish?

Asia & United State are the true leaders for Crypto Japan has been involved in a number of cryptocurrency blunders Internationally there’s a race on to become the capital of the cryptocurrency world. Many cities and many countries all want to become a hotspot for the production of cryptocurrency and blockchain based products. So, we want to explore which country will be the first to actually claim the title of the Bitcoin capital of the world?  This is something we have touched upon in the past, a couple of months ago in one post, we discussed how important both Japan...

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RSK Joins Forces With Singapore’s Blockchain Accelerator

IOV Labs, the parent company of Bitcoin smart contract network RSK, has added another feather to its cap by teaming up with Tribe, Singapore’s government-backed blockchain accelerator. As part of the agreement, RSK’s second-layer protocol and third-layer services marketplace will be made available to the country’s government agencies and corporations, as well as startups seeking to incorporate blockchain tech into their products and services. The Tribe ecosystem underlines Singapore’s commitment to blockchain, having previously partnered with the likes of BMW, Citi, Intel and Nielsen. The Singapore government also currently owns cross-border trade platform Global eTrade Services (GeTS), which utilizes blockchain...

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