Bitcoin rises as high as 545 this morning, but has retreated to around 500. 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 month at 382, until the high of the month at 545. I’ve also drawn an important red trendline […]
Litecoin manages to break one line of resistance, only to be stopped by another. Will the bulls have enough to break the this latest resistance? Let’s take a closer look at the LTC/USD H4 chart below (click to expand): We can see how the red downwards trendline had been staying firm for a number of candles, being tested […]
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 […]
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 […]
As the bad news out of China and elsewhere continues to emerge, Litecoin, along with other crypto currencies are taking a battering. However, there is a major support zone not too far away… where Litecoin may attain some respite. Let us take a closer look at the LTC/USD chart on the Daily timeframe (click to expand): […]
Bitcoin falls to 400 following multiple pieces of bad press worldwide, including but not limited to: – Huobi, one of the world’s largest bitcoin exchanges, announcing they’ve received notice from their bank, ICBC, that they will be closing Huobi’s account next week. – BTCTrade, another Chinese bitcoin exchange announcing likewise. – The National Australia Bank is to dissolve any […]
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, […]
After yesterday’s slump, Peercoin appears to have settled, with some consolidation taking place over the past eighteen hours, but we could see further bullish retests of a certain Fib level later today. Let’s take a closer look at the PPC/USD hourly chart below (click to expand): I’ve performed the Fibonacci study from the high of the month (on […]
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 […]
