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Litecoin (LTC) Risks Further Downside Against Bitcoin (BTC) But Not For Long

Litecoin (LTC) is at risk of further downside against Bitcoin (BTC) as the price has just run into a strong resistance at the 38.2% fib retracement level. LTC/BTC is now likely to decline to the bottom of the falling wedge but the big picture tells us that we might see further upside from here soon as the price breaks out of the falling wedge. This tell us that we could see a mini altcoin rally towards the end of the year but this does not mean that we are on the cusp of a bull market. All it means is...

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Litecoin Miners Left Out Of Pocket

Changes to the Litecoin infrastructure mean that Litecoin miners could potentially be left out of pocket, after Litecoin halved it’s miners rewards. This is as a result of Litecoin reaching a specific block within it’s blockchain that kick starts a series of events, the consequence of which is that the mining reward is eventually reduced. This ‘trigger block’ is situated at height 1,680,000. According to Coindesk: “The litecoin blockchain reached the trigger block height of 1,680,000 at 10:16 UTC on Monday, according to the litecoin explorer from mining pool operator BTC.com. The event marks a major threshold for miners, as...

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Litecoin (LTC) Halving Finally Happened But Why Is The Price Not Shooting Up?

Litecoin (LTC) halving has finally occurred but the price is not shooting up as the market expected it to. In fact, it keeps on falling back to the $100 mark and is struggling to remain above it. If we take a look at the daily chart for LTC/USD, we can see that it has finally broken the 38.2% fib extension level to the upside which is a bullish sign but it has yet to break past the 50 day EMA. It has now retraced aggressively below the 50 day EMA and for good reason. If we take a look at...

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Bitcoin (BTC) Rallies Hard Ahead Of Litecoin (LTC) Halving

Bitcoin (BTC) has finally broken the trend line resistance and now it is in the clear to rally higher from here. We can expect the price to rally as high as $11,800 from here because there is not much that could stop the price from rallying even higher. That being said, we do not expect the previous yearly high to be broken. We saw the price struggle inside the rising wedge and just when everyone was expecting it to fall further when it showed weakness it did the opposite and broke the rising wedge to the upside. This rarely happens...

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Can Litecoin (LTC) Rally Again On Halving Hype?

Litecoin (LTC) has started the week in green which is a good sign but it is still struggling to rally towards the 38.2% fib extension level from the December, 2018 lows. So, is the price likely to shoot up before its expected halving in five days? We saw it continue to decline the last time this happened because most investors sold ahead of the halvening and then it continued to decline during and even after the halvening. The difference is that the last time it happened, the price was in a bull market but this time it is in a...

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