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Litecoin (LTC) Unlikely To Break Past $65 As Price Runs Into Trend Line Resistance

Litecoin (LTC) has been on a roll for the past few weeks and it has now broken past the 61.8% Fibonacci retracement level and is eyeing the 1.272% Fib level to finish this rally. We saw LTC/USD run into the top of the ascending channel soon after it broke past the 61.8% Fib level but it did not decline sharply. Instead, the price started to rise again after a minor pullback and ran into the trend line resistance once again. The price is expected to do the same once more after a small retracement short term. This next rally would...

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Sally Ho's Technical Analysis 19th March 2019

BTC/USD (Bitcoin/ US dollar) Bitcoin (BTC/USD) renewed recent strength through the early part of today’s Asian session, lifting from the 3937.69 level to the 3982.00 area. The pair had plateaued around the 4015.70 level in Monday’s sessions after testing the 4037.47 area during the weekend’s sessions. Today’s intraday High is just below the 3984.88 level, representing the 61.8% retracement of the recent move from 4188.79 to 3655.00. The level coincides with the 3985.90 level, representing the 61.8% retracement of the recent dive from 4015.70 to 3937.69. Related technical Resistance is expected around the 3997.29/ 3998.82 levels with further Selling pressure...

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Litecoin (LTC) Likely To Slide Below $50 In The Near Future

Litecoin (LTC) is at a risk of a major decline as the price has run into a strong resistance and faced a rejection. The near term outlook indicates that the price could slide down to the 38.2% Fib extension level in the days ahead. This fall would pull the price close to the 200 day moving average. If the bulls fail to step up, we might see a decline below the 200 day moving average. So far, the probability of such a decline for the rest of the market remains low but Litecoin (LTC) already had a series of rallies...

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Why You Should Hold XRP, ETH & LTC

It’s only March and there has already been a lot of news to report on this year. We’re still in the first quarter of 2019 but the trends have already been bright enough to be optimistic about the cryptocurrency market this year. In fact, there are a lot of people who believe that this year could see the bulls return to the market. Today, let’s take a look at some of the biggest cryptocurrencies which have the most potential for 2019 and why you should hold them. Ripple (XRP) The Ripple protocol is a favourite amongst several investors and members...

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Litecoin (LTC) Primed For Double Digit Decline In The Weeks Ahead

Litecoin (LTC) has been on a roll for the past few weeks. The hype and FOMO around its next halvening in August, 2019 has played well in favor of LTC/USD and we have seen the price rise significantly in the past few weeks compared to other coins. That being said this rally has now come to a halt as the price is about to run into a strong resistance. We do not expect LTC/USD to break past the 50 week moving average. Stochastic RSI on the weekly time frame for LTC/USD indicates that the price is due for a strong...

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