LTC/BTC Technical Analysis – 14th April 2014 By Ashton Fraser on April 14, 2014 in Trading Litecoin vs Bitcoin fell consistently over the weekend, but will a new week bring some stability at last? Not likely, although I doubt we’ll be seeing movements as large as what we saw on the 11th. Concerning my last technical analysis, the chart […]
Peercoin’s recent hike wasn’t exactly expected, since we’re in the midst of a long term bearish trend, although things are just recently returning to “normal”. Let’s take a closer look at the PPC/USD chart below on the H4 timeframe(click to expand): I’ve performed the Fibonacci study from the low of April at 1.7 to the high of the […]
Litecoin is struggling to push below 11.1, for a number of reasons. 1) Examining the LTC/USD on the thirty minute chart: Then performing our Fibonacci study from the low of the 7th till its high, reveals a key Fibonacci level, in this case the 161.8% extension at 11.1. Price has tested this line a few times over […]
As predicted, Namecoin dropped to the first Fibonacci extension today, before rising to a key Fib retracement level. We will need to take a look at different timeframes to get a clearer picture of recent happenings. Firstly, let’s check out the NMC/USD Daily chart I posted yesterday: In yesterday’s analysis, I mentioned, “I’ve performed the Fibonacci study from the […]
Litecoin vs Bitcoin has just produced a double top chart pattern, so any gains experienced over the weekend may come tumbling down over the next day or two. Let’s take a closer look at the LTC/BTC chart on the H4 timeframe (click to expand): I’ve performed the Fibonacci study from the low of the past fortnight at 0.026, […]
In less than two weeks, Litecoin has lost almost 40% of its value – can anything catch this falling knife? As crazy as it sounds – quite possibly is the answer. Let’s take a closer look at the LTC/USD chart on the Daily timeframe (click to expand): I’ve performed the Fibonacci study from the low of this […]
LTC/USD Technical Analysis – 28th March 2014 By Ashton Fraser on March 28, 2014 in Trading After yesterday’s unexpected drop, Litecoin manages to settle down, for the time being at least. Let’s take a closer look at the LTC/USD chart on H4 (click below to expand): I’ve performed the Fibonacci study from the swing high at 17.00, until […]
After the rise from 555, Bitcoin continues to range between two important Fib levels. Let’s take a closer look at the BTC/USD chart on the thirty minute timeframe: I’ve performed the Fibonacci study from the low of the past fortnight at 555, to this week’s high at 590. Sometimes, it can be a bit of a discretionary […]
This morning we saw a classic double top price pattern form on Namecoin. Let’s take a closer look at the NMC/USD H1 chart below (click to expand): The first thing to look out for is the double top pattern here, marked with two red circles. Concerning the far left circle, we can see how the candle a) […]
Bitcoin has been up and down this morning, applying some technical analysis to this seemingly crazy move sheds some light. Let’s take a closer look at the BTC/USD M30 chart below: I’ve performed the Fibonacci study from the last major swing high on M30 on the 19th at 625, to the low at 575, just before this yo-yo […]
