After reaching a week high of 11.4, Litecoin continues its bearish retraces from yesterday’s initiation. In my last LTC/USD technical analysis, I posted the following chart (click to expand): Where I explained, “Look at the candle marked in white; a number of factors combined here: a) The upper wick was the same length as it’s body, b) The […]
Litecoin hit a high of 11.4 this morning, only to be rejected by a certain Fibonacci level. Will we see the bears take control? Let’s take closer look at the current LTC/USD Daily chart below: I’ve performed the Fibonacci study from the high of the month on the 16th at 14.23, until the low of this week on […]
Wow, the bulls of Litecoin have really stamped their authority today, after the struggle to establish a clear direction for this week. In my last LTC/USD technical analysis, I posted the following chart: I explained that, after the downtrend, I felt, “We may see some retracement here, since there is a corroboration for our oversold Stochastics, […]
Namecoin vs Bitcoin has been falling since the middle of the month, with barely a single bull candle since then. Will the trend continue? Let’s take a closer look at the current NMC/BTC Daily chart below (click to expand): I’ve performed the Fibonacci study from the low on the 13th of April at 0.00390, until the latest […]
Ever since the highs that Litecoin experienced at 14.23, exactly two weeks ago, price has been falling down consistently, barely offering glimmers of hope to speculators and investors. The weekend was a similar story, with price deliberating for some time, before dropping once again. Let’s take a closer look at the latest LTC/USD H4 chart below (click to expand): […]
Whilst the bears continue to loom over Bitcoin, a certain support zone is somehow, despite the bad press coming from China, managing to hold its own. Let’s take a closer look at the latest BTC/USD H4 chart below (click to expand): During my previous analysis on Bitcoin, I had mentioned, “I feel there could well be a break […]
Namecoin experiences massive gains from the 13th through till the 15th, more than doubling in value in barely a couple of days, but a powerful bear setup initiated a fifty percent retreat. Let’s take a closer look at the current NMC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the last major swing low […]
Peercoin is displaying a classic sine wave motion, as consolidation takes hold. The bulls and the bears are fighting for supremacy, and I can tell you one thing, the pattern is most likely going to continue for the rest of the day. Let’s take a closer look at the PPC/USD chart on the H1 timeframe below (click to expand): […]
Bitcoin has been fluctuating between 530 and 470 over the past 24 hours, it seems this may continue for the next few candles, but with the bears aiming to gain the upper hand. Let’s take a closer look at the current BTC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the low of the […]
Bitcoin’s recovery continues, as the bears begin to lose their grip, for the meantime at least. I explained in yesterday’s analysis on Bitcoin, how we may see a drop to a certain level, posting this chart: Where I mentioned, “With the Stochastics now heading down from an overbought zone, we may see price hit 38.2% (from […]
