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Sally Ho's Technical Analysis 30 July 2019

Litecoin Litecoin (LTC/USD) lacked decisive conviction in today’s Asian session as the pair continues to search for market sentiment following its recent sharp decline from the 96.53 area to the 86.57 level.  The move on Saturday to the 96.53 area saw the pair unable to move far above its 50-bar MA (4-hourly) and 100-bar MA (4-hourly), or its 200-bar MA (hourly). In recent trading sessions, the pair has hugged the 88.68 area, representing the 23.6% retracement of the move from 304.00 to 22.17. Chartists are also paying close attention to the pair’s behaviour around the 87.86 area, representing the 76.4%...

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Sally Ho's Technical Analysis 28 July 2019

Litecoin Litecoin (LTC/USD) orbited the 88 level in today’s Asian session as traders continue to reprice the pair with a weaker market bias following the pair’s recent inability to get above the 97.72 area.  The 95.86 level has recently emerged as important technical Resistance and this led to traders recently testing the 87.86 area, representing the 61.8% retracement of the move from 76.63 to 106.04.  The pair continues to comfortably trade below the 100-bar MA (4-hourly), and recently traded as low as the 86.57 area. Technicians note that the 83.57 level represents the 76.4% retracement of the move from 76.63...

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Sally Ho's Technical Analysis 27 July 2019

Litecoin Litecoin (LTC/USD) continues to trade below a key technical level as negative sentiment continues to keep the pair capped around the psychologically-important 100.00 figure. The 107.27 area is an important technical level and the pair’s inability to move above it mid-month saw traders trigger Stops below the 83.34 area, an important downside price extension objective that corresponds to the pair’s recent high of 145.97.  If additional bearish sentiment develops, LTC/USD traders will eye additional an additional downside price extension objective around the 63.99 area. The 50-bar MA (4-hourly) and the 100-bar MA (4-hourly) are converging and if the 50-bar...

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What Could Happen To Litecoin After It Halves? Crash Or Revival?

The halving of Litecoin is just under a month away and with that, the fourth-biggest cryptocurrency is starting to slow down and we can see the cracks starting to show. After seeing a high for the year at $146 at the end of June, Litecoin has seen some significant losses with more than a 40 percent drop in under a month. But according to one analyst, the worst isn’t over yet. Benjamin Blunts has shared his forecast on Litecoin’s future price action with his prediction coming in the form of a sandwich where two pieces of good news enfold the...

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Is Litecoin The Future Of Crypto Payments?

The merchant advisor to Litecoin Foundation Jonny Moore is noting how Litecoin, Bitcoin and other digital assets could become more stable for use on everyday purchases. In a new video, Moore said: “A lot of people say, Jonny, Bitcoin is never going to be a good payment system because it’s too volatile. That’s why we need Libra coin. That’s why we need stablecoins, they say. Guys, we’ve already solved this problem.” For those that don’t know, in order to use cryptocurrencies like Litecoin for everyday purchases and to get merchants onboard by accepting digital assets as a payment method, Moore...

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