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Sally Ho's Technical Analysis 20 November 2019

Litecoin Litecoin (LTC/USD) gained ground early in today’s Asian session as the pair escalated to the 56.12 area after trading as low as the 54.10 area during yesterday’s European session. Traders continue to have their eyes on the 59.84 level, representing the 38.2% retracement of the 80.26 – 47.22 range and an area that traders tested earlier this week. That level is also right around another important technical level that represents the 38.2% retracement of the more recent 66.19 – 56.09 range.  The pair’s recent spin lower opens up potential downside targets such as the 54.47 and 51.70 areas, representing...

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MimbleWimble Vulnerability Addressed By LTC Creator, Charlie Lee

Ivan Bogatyy has posted a report drawing attention to a security flaw in the MimbleWimble’s privacy protocol. Lee is seemingly providing a solution. The MimbleWimble protocol is giving the community a reason to get hyped again. The Harry Potter-inspired crypto protocol, MimbleWimble is set to become a privacy coin through Litecoins integration, but right now it is in the spotlight for all the wrong reasons… A venture capitalist with Dragonfly Capital, Ivan Bogatyy has posted a report drawing attention to a security flaw in the MimbleWimble’s privacy protocol. Bogatyy said that the “attack traces 96% of all sender and recipient...

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Sally Ho's Technical Analysis 19 November 2019

Litecoin Litecoin (LTC/USD) fell sharply early in today’s Asian session as the pair reached a low around the 53.89 area steady selling from the 60.04 area during Friday’s North American session.  Many traders noticed that the pair briefly tested and traded as low as the 56.09 area during last Friday’s North American session, an important technical development given the technical significance of the 56.71 area as the 50% retracement of the recent 47.22 – 66.19 range.  The pair’s brief movements below that level opened up potential downside targets such as the 54.47 and 51.70 areas, representing the 61.8% and 76.4%...

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16 November 2019 LTC/BTC – 60 minute

In this hourly chart of Litecoin/ Bitcoin (LTC/BTC), there is an appreciating range from 0.006763 to 0.006890. There is also a depreciating range from 0.006890 to 0.006832. We can see the price depreciated to the 0.006840 level (identified by the blue up arrow), just below the 0.006841 level, representing the 38.2% retracement of the appreciating range.   We can see the price then appreciated to the 0.006880 level (identified by the red down arrow), just above the 0.006876 level, representing the 76.4% retracement of the depreciating range. Stay on top of the cryptocurrency market with CryptoDaily’s trading charts! https://charts.cryptodaily.net/

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Sally Ho's Technical Analysis 14 November 2019

Litecoin Litecoin (LTC/USD) was marginally stronger early in today’s Asian session as the pair climbed to the 60.78 area after trading as low as the 60.12 area during yesterday’s North American session. The pair’s recent range expansion has increased the importance of longer-term price ranges, meaning additional areas of technical Support and technical Resistance are being watched by traders.  Below current market activity, the 47.13 area represents the possible technical Support and the 23.6% retracement of the 127.95 – 22.17 range.  The pair’s next upside price objective related to this range is the 62.58 area. Another very important technical range...

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