Today's Hot Topics

Litecoin (LTC): Descending Triangle Hints At Strong Possibility Of Sell-Off

Litecoin (LTC) has recently been ahead of the market which is a good thing because sometimes it helps us see which way the rest of the market is going to go. It has done this on numerous occasions and we think it can do that again. The 4H chart for LTC/USD shows that the price is trading within a large descending triangle. Most of the descending triangles have a history of breaking to the downside especially when it comes to cryptocurrencies. The price is likely to decline to the 200 EMA on the 4H time frame to say the least....

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Sally Ho's Technical Analysis 23 April 2019

Bitcoin Bitcoin (BTC/USD) gained additional ground during today’s Asian session, trading as high as the 5430.00 level after trading as high as the 5440.84 area during yesterday’s North American session. Today’s intraday low is 5353.71, right around the 76.4% retracement of the move from 5488.00 to 4901.99 and an area that we spotlighted in our 22 April 2019 analysis. Traders are waiting to see if the pair can remain above the 5403.82 level, an area we have discussed extensively that represents the 61.8% retracement of the 6810.00 – 3128.89 range. BTC/USD is now at its highest level since 10 April...

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Sally Ho's Technical Analysis 21 April 2019

Bitcoin Bitcoin (BTC/USD) weakened early in the Asian session to test an important level, trading as low as the 5260.64 area, just below the 5265.70 area that represents the 50% retracement of the 7402.50 – 3128.89 area. We have written about the significance of this level extensively, including in our 20 April 2019 analysis. Traders are curious to see if BTC/USD again challenges the 5349.70 area, representing the 76.4% retracement of the 5488.00 – 4901.99 range. Above this area, the 5403.82 level represents the 61.8% retracement of the move from 6810.00 to 3128.89. As noted yesterday, technicians are eager to...

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Litecoin (LTC) Expected To Lose Most Of Its Gains To The Next Corrective Wave

Litecoin (LTC) is likely to erase most of its hard earned gains during the next corrective wave as it is now overbought like no other cryptocurrency. This is because LTC/USD received a big boost off its halvening hype in anticipation that the bear market was over. Now that most people realize that the bear market is in fact not over, the price of Litecoin (LTC) might be due for a big fall. While the upcoming halvening event in August is definitely something that could have led to the recent rallies in Litecoin (LTC), we believe that most institutional investors are trying to...

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Sally Ho's Technical Analysis 19 April 2019

Bitcoin Bitcoin (BTC/USD) weakened during today’s Asian session as the pair depreciated to the 5196.70 level, a key retracement level that is right around the 50% retracement of the 5488.00 – 4901.99 range. The pair has orbited this area throughout the week and traders await indications if the pair will be able to make a sustained move above or below. BTC/USD traded as high as 5318.18 during yesterday’s North American session, representing its strongest print since 10 April. As we have written all week in our analyses including 18 April 2019, the pair has largely been supported around the 5176.07...

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