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Sally Ho's Technical Analysis 15 July 2019

Litecoin Litecoin (LTC/USD) extended recent losses during yesterday’s North American session and traded below the 92.00 figure for the first time since 24 May. Stops were elected below the 95.86 area, representing the 61.8% retracement of the move from 64.86 to 146.00.  The pair’s next downside retracement level related to that range is the 84.01 area, and Stops are likely in place below this level as well. Price activity is approaching a couple of critical levels and if they are broken, bearish sentiment will likely continue. The 88.68 area is the next immediate downside target and it represents the 23.6%...

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Litecoin (LTC) Halving FOMO Likely To End Badly Based On Previous Experience

History may not always repeat itself but it does rhyme. In the case of Litecoin (LTC), it has rhymed very closely and that too just close to the next halvening. If we compare the current halvening to that of August, 2015, we can see that the price topped out before the halvening. This is not an assumption; it is a fact and it is right there on the chart. LTC/USD topped out weeks before its previous halvening and a lot of retail traders were left disappointed. That disappointment continued during and after the halvening which resulted in further sell off...

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NFL Football Team Adopt Litecoin As Its Official Cryptocurrency

With two NFL championships under their belt, the Miami Dolphins have just adopted Litecoin as their official cryptocurrency. This is the first time an American football team has adopted a cryptocurrency which is a huge step forward to adoption, the Litecoin Foundation has announced that “this unique partnership creates a powerful alignment between Litecoin and one of the world’s most recognizable sports brands in the Miami Dolphins.”  As reported by CryptoBriefing, this is a big deal and a key partnership. There is a significant effort being made to implement the Litecoin brand with “in-game branding, advertising opportunities at Hard Rock...

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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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