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Leading Analyst Predicts Litecoin To Zoom 100% Past Bitcoin

The recent block reward halving on Litecoin was planned to be a bullish catalyst for the price of Litecoin. This highly anticipated event wasn’t able to assist in the cryptocurrency rally against bitcoin though… What actually happened was the worst for Litecoin and just added more fuel into the critics camp. Nevertheless, one analyst believes that the price of Litecoin is on the verge of surging by 100 percent against the leading cryptocurrency. That analyst goes by the name of ‘Trader Max’ and is the head analyst at bravado Trading. When looking at it from the short-term perspective, it seems...

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Litecoin (LTC) Likely To Decline Further But Significant Upside Might Soon Follow

Litecoin (LTC) is due for major downside from current levels. The price has already declined below the 61.8% fib retracement level from the last top of the previously broken market structure. It is now eyeing a decline to the 38.2% fib retracement level around $50. We are likely to see this move come to fruition as LTC/USD is already trading below its 50 day EMA as well as the 21 day EMA. However, the 38.2% might serve as a strong support short term not only because it is the 38.2% fib retracement level but also because it coincides to the...

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Sally Ho's Technical Analysis 24 August 2019

Litecoin Litecoin (LTC/USD) sought fresh market direction early in today’s Asian session as the pair continues to trade below the psychologically-important 100.00 figure, a level it fell sharply below earlier this month. The market yielded a lot of clues during its descent below this area, especially around the 83.34 area, a downside price objective related to the recent high of 145.97. Likewise, LTC/USD Bulls have managed to keep the pair Bid above the 68.44 area, representing the 61.8% retracement of the move from 22.17 to 144.34. Sentiment clearly remains quite Bearish given the pair’s ongoing depreciation below the 50-bar MA...

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Sally Ho's Technical Analysis 23 August 2019

Litecoin Litecoin (LTC/USD) attempted to find relief from recent massive selling pressure below the psychologically-important 100.00 figure early in today’s Asian session. The pair’s depreciation during the month of August has been relatively abrupt from its recent high of 107.04 from 5 August. Notably, the 106.62 area represented the 23.6% retracement of the move from 380.00 to 22.17, and LTC/USD Bulls were unable to make a sustainable move above this level. Sentiment has recently been extremely Bearish given the pair’s ongoing depreciation below the 50-bar MA (4-hourly), which is now trading below the 100-bar MA (4-hourly) and 200-bar MA (4-hourly). ...

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Litecoin (LTC) Stays Strong Above $70 But Bigger Threats Loom Over

Litecoin (LTC) has done a really good job at holding its ground above $70 but that should not be confused for a bullish momentum long term. In fact, the manner in which LTC/USD is holding this level will only pave the way for a short term relief rally but that’s all it is going to achieve. Litecoin (LTC) is extremely unlikely to rise to a new yearly high from here. Recent moves have exposed its game plan and it has now broken below critical trend line supports which means that further downside is very likely after a short term relief...

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