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, […]
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): […]
Litecoin goes beyond 14 this morning, only to be pegged back with a firm bear tug. Let’s take a closer look at the current LTC/USD hourly chart below (click to expand): I asked the question in yesterday’s analysis, “Will the bulls have enough to break the this latest resistance?” Well, the market has unequivocally answered […]
Litecoin hit a year low of around 8 last week, but a strong recovery meant yesterday morning price managed to hike up to 11.64. Unfortunately today hasn’t been a good day, and we’ve seen half of that hike wiped out in a matter of hours. Indeed, we’re most probably going to be seeing more losses in the next few […]
Litecoin vs Bitcoin fell this morning to 0.0224, only for there to occur an intense, sharp reversal, initiated by a very rare but powerful price pattern. Let’s take a closer look at the LTC/BTC four hour chart below (click to expand): I’ve performed the Fibonacci study from the low at 0.0224, until the high at 0.0263 Check […]
Litecoin rise over the past few days hasn’t been of much intensity, hitting a high of 12.1. What we’re experiencing right now is a classic exercise. During my last technical analysis on Litecoin on the 3rd of April, I explained how LTC/USD was trading at a massive support zone at the 78.6% Fib level on the Weekly chart, […]
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, […]
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 […]
PPC/USD Technical Analysis – 26th March 2014 By Ashton Fraser on March 26, 2014 in Trading Peercoin’s recent movement gives back half of its gains since the 24th, only to begin a period of consolidation. Let’s take a closer look at the PPC/USD chart on the H4 timeframe (click to expand): I’ve performed the Fibonacci study from […]
LTC/USD Technical Analysis – 24th March 2014 By Ashton Fraser on March 24, 2014 in Trading Litecoin hits a support level today, just above the 15 level price mark, with a potential retrace still questionable. Let’s take a look at the LTC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the high of […]
