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Sally Ho's Technical Analysis 14 January 2020 LTC BCH

Litecoin (LTC/USD) gained marginal ground early in today’s Asian session as the pair climbed higher to the 50.02 area during yesterday’s session after finding technical support around the 48.85 area during yesterday’s North American session.  Despite the pair’s early gains, LTC/USD has drifted lower from a recent high around the 52.03 area over the weekend. The pair’s recent gains have pushed the pair above the psychologically-important 50.00 figure for the first time since 22 November.  In mid-December, the pair reached a recent relative low around the 35.88 area and buying pressure lifted the pair back above the 50.00 area over...

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Are the Whales Holding onto $2 Billion Worth of Litecoin?

63,842,239 is the amount of Litecoins currently in circulation but more than half of that sum of coins hasn’t been moved in over a year. Speculation surfaced that it was the whales that are holding onto such Litecoin and fed on the lowest price. 63,842,239 is the amount of Litecoins currently in circulation but more than half of that sum of coins hasn’t been moved in over a year. Essentially what we’re saying is that almost 2 billion worth of litecoin (40 million Litecoins) are no longer in motion at the current time of writing.  This was news highlighted by...

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Litecoin (LTC) Risks Another Brutal Downtrend If Bitcoin (BTC) Nosedives

Litecoin (LTC) is profiting off the relief rally in Bitcoin (BTC) at the moment. Although we can see on the 4H chart for LTC/BTC the pair has been the victim of a brutal downtrend since mid-2019, just when things are bad does not mean that they cannot get worse. This applies perfectly to the cryptocurrency market because most of these coins are paired to Bitcoin (BTC). If BTC/USD goes up, they go up and vice versa. The 200 moving average on the 4H chart for LTC/BTC is a very important resistance level to watch. Should the pair break above this...

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Binance Futures Introduce New Litecoin Derivative Product

  A new Litecoin derivative product has been disclosed by one of the biggest crypto platforms in the space, Binance. The LTC protocol is showing different bullish signs that could set it up for even more bullish highs.   A new Litecoin derivative product has been disclosed by one of the biggest crypto platforms in the space, Binance. The LTC protocol is showing different bullish signs that could set it up for even more bullish highs. Litecoin & Binance Yesterday, Binance announced the news that they are getting ready to release Litecoin perpetual contracts which are set to be leveraged...

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4 January 2020 - LTC/ GBP – Weekly

In this Weekly chart of Litecoin/ British pound (LTC/ GBP), there is a depreciating range from 88.67 to 37.05. We can observe that the market then appreciated to the 51.90 level (identified by the red down arrow), above the 49.23 area that represents the 23.6% retracement of the depreciating range. This 51.90 level was also above the 14-bar Simple Moving Average, which was indicating around the 50.19 area. The market had been trading below the 14-bar Simple Moving Average since July 2019. We can observe that the market then depreciated to the 27.63 level. Using RSI, we can observe that...

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