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Sally Ho's Technical Analysis 22 February 2020 LTC BCH

Litecoin (LTC/USD) extended recent gains in today’s Asian session as the pair gained ground to the 74.27 level after trading as low as the 66.00 level during yesterday’s North American session.  The pair recently traded as high as the 84.50 area, its highest level since August last year, following strong moves through upside technical resistance and psychologically-important levels such as the 50.00 and 75.00 areas.  Stops were elected above the 63.31 level during the pair’s recent ascent, a level that represents the 61.8% retracement of the move from 80.26 to 35.88, with additional Stops reached above the 69.79 level.   Additional...

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Litecoin Dominates the Alternative Market - Will it Break $100 Soon?

So many alternative cryptocurrencies have quite a strong start to 2020. A lot of digital assets performed as expected in regards to the many developments that are going on throughout the year. So many alternative cryptocurrencies have had quite a strong start to 2020. With the market kicking off with a bang, a lot of digital assets performed as expected in regards to the many developments that are going on throughout the year. The bitcoin halving being one of the most exciting events in the crypto industry to date. There are several different alternative digital assets such as Tron, Ethereum...

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Litecoin Teams up in New Partnership with Cred

Litecoin has seen some dips recently as well as most altcoins in the market. Despite the losses, Litecoin has announced a partnership with Cred, in order to make further use cases for the cryptocurrency. The sixth largest cryptocurrency in the space, Litecoin has seen some dips recently as well as most altcoins in the market. Despite the losses, Litecoin has announced a partnership with Cred, in order to make further use cases for the cryptocurrency. Use cases are one of the most important things that define a cryptocurrency and given this latest partnership, Litecoin is going to be able to...

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Will Bitcoins Scalability Issue Be Solved Through the Lightning Network? Charlie Lee Thinks So

The ecosystem behind the leading cryptocurrency has been thoroughly looking into the lightning network as a solution to its scalability issue. Charlie Lee has spoken on the Lightning Network and has given his opinion on how bullish it means for the scalability issue being solved on bitcoin.  The ecosystem behind the leading cryptocurrency has been thoroughly looking into the Lightning Network as a solution to its scalability issue. The layer 2 payment protocol is notorious for facilitating transactions at a much faster rate. The bitcoin lightning network makes way for smaller bitcoin payments to be sent more quickly and a...

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Litecoin (LTC) Runs Into 38.2% Fib Retracement Level, Risks A Decline Below 200 Day MA

Litecoin (LTC) is now at risk of giving up most of its gains as it has faced a strong rejection at the 38.2% fib retracement level. For most retail bears this is usually an opportunity to go short but most whales and market makers are aware of this which is why caution must be exercised before rushing into a trade just yet. The price still remains above the 200 day-moving average and as long as it remains above that level, it is risky to short sell. That being said, a decline from here could be aggressive as we saw in...

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