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Could Litecoin (LTC) See Another Rally Towards $100?

Litecoin (LTC) keeps on testing the 38.2% fib extension level but it lacks the momentum to break past it. However, it has not faced a strong rejection either. In classic technical analysis, when the price keeps testing a certain level whether as support or resistance, it is very likely to eventually break it. So, if LTC/USD keeps testing this level, we are likely to see it break to the upside to test the 50 day EMA again. It is premature to say if it will end up rising as high as $100 to form another shoulder of the head and...

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Sally Ho's Technical Analysis 9 September 2019

Litecoin Litecoin (LTC/USD) gained ground early in today’s Asian session as the pair appreciated to the 70.46 area after encountering some difficult technical Resistance during yesterday’s European and North American sessions. During yesterday’s Asian session, the pair traded as high as the 72.25 level before coming off and then depreciated as low as the 68.01 area during yesterday’s European session. LTC/USD briefly traded below the 100-bar MA (4-hourly) during its pullback, and then orbited the 69.47 area for a couple of trading sessions, a level that represents the 61.8% retracement of the 22.17 – 146.00 range. Sentiment continues to remain...

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Sally Ho's Technical Analysis 8 September 2019

Litecoin Litecoin (LTC/USD) appreciated a little bit early in today’s Asian session as the pair reached the 70.00 figure after trading as high as the 70.58 area in yesterday’s North American session and finding buying pressure around the 64.64 area during yesterday’s European session.  Traders are trying to establish a base around the 100-bar MA (4-hourly), currently indicating around the 68.71 area, and keep the pair above the 50-bar MA (4-hourly).  Traders also established a base around the 66.80 area during the move higher, representing the 61.8% retracement of the move from 94.39 to 22.17. Price activity saw LTC/USD easily...

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Sally Ho's Technical Analysis 7 September 2019

Litecoin Litecoin (LTC/USD) traded lower early in today’s Asian session, reaching a low of 63.87, as the pair continues to exhibit weakness and trade just above some very important technical downside levels.  Earlier this week, the pair appreciated and tested the 100-bar MA (4-hourly), then trading around the 70.75 area but Bulls were unable to push the pair higher above that technical Resistance.  Traders are searching for direction around the 50-bar MA (4-hourly) after pushing LTC/USD below this area on Thursday. One very important level that traders are watching is the 62.58 area, representing the 38.2% retracement of the move...

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Litecoin (LTC) Remains At Risk Of A Major Crash While It Remains Below $70

Litecoin (LTC) seems to be rallying and declining in the same manner. The daily chart for LTC/USD shows how similar Litecoin (LTC)’s descent is to its ascent. It has now declined below the 38.2% fib extension level. The price ended up testing this level but faced a strong rejection. The next stop from here would be the 61.8% fib extension level but if it keeps on declining in this manner closely mimicking the manner in which it rallied, then we are not likely to see the 61.8% level hold for long and eventually the price is going to decline much...

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