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Sally Ho's Technical Analysis 12 July 2019

Litecoin Litecoin (LTC/USD) has shed a significant amount of ground this week, cratering to the 95.25 area during Thursday’s European session after declining to 102.50 level during Wednesday’s North American session, its weakest showing since early June. Stops were elected this week below the 109.93 area, representing the 38.2% retracement of the 251.90 – 22.17 range. During the massive decline on Wednesday, the price cratered to just below the 102.99 area, representing the 76.4% retracement of the move from 127.95 to 22.17.  During yesterday’s move, LTC/USD tested and then traded below the 95.86 area, representing the 61.8% retracement of the...

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Litecoin (LTC) Price Action Hints At Further Downside For Bitcoin (BTC)

Bitcoin (BTC) started the day in green and kept on surging while Litecoin (LTC) continued to decline. This is because LTC/USD closed below the 21 Day EMA yesterday which was a bearish close that was indicative of further downside in the near future. Litecoin (LTC) started the day in red and has continued to decline. It might find temporary support on the 50 Day EMA but sooner or later we expect it to break below the descending triangle to begin its downtrend. This might lead to the price falling to new lows for the year eventually but before that happens,...

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Sally Ho's Technical Analysis 7 July 2019

Litecoin Litecoin (LTC/USD) continues to try to make advances above the psychologically-important 120.00 figure but continues to be capped around its 50-bar MA (4-hourly), currently indicating around the 121.80 level.  During yesterday’s North American session, the pair traded as high as the 122.29 area but then fell back below the 50-bar MA (4-hourly).  Technicians note that the 121.16 level represents the 61.8% retracement of the move from 182.35 to 22.17, and Stops have been elected around this area previously. LTC/USD was challenged around the 127.37 area this week, a key area that is around several important retracement levels including the...

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Litecoin (LTC) Might Tell Us What Bitcoin (BTC) Is Going To Do Next

Litecoin (LTC) has been in a lead for the most part since the beginning of the recent parabolic run. It has been a good indicator of what BTC/USD has been doing throughout the recent rally. Now, we have LTC/USD in two descending triangles which if broken to the downside would indicate that we might see a decline in Bitcoin (BTC) as well. If we look at the 4H chart for LTC/USD, we can see that it is already below the 200 EMA. This could fall further towards the end of the week and we might see the price break below...

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Komodo (KMD) and Nebulas (NAS) Drive CD Mid-Cap Index to 46.78

The CryptoDaily 21 Leaders Cryptocurrency Index fell to 50.26 on Thursday from 50.29 on Wednesday, a 0.05% decline.  The 21 Leaders Index is up 1.53% over the past 7 days and is up 1.10% over the past 30 days.  Chainlink (LINK) was off 6.4% to a market capitalisation of US$ 3.26 billion. Cardano (ADA) fell 1.5% to a market capitalisation of US$ 2.02 billion while Litecoin (LTC) led gainers with a +4.6% climb. The CryptoDaily Large-Cap Cryptocurrency Index improved to 35.28 on Thursday from 34.95 on Wednesday, a 0.94% rally. The Large-Cap Index is up 2.20% over the past 7...

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