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Author Topic: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum  (Read 111909 times)

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Offline FXOpenTopic starter

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #150 on: August 22, 2019, 03:07:44 PM »
LTC and EOS – Recovery soon expected but decline is yet to end

LTC/USD

Last Thursday the price of Litecoin was sitting at its lowest levels the price has been since 29th of April as it was $71.1 but from there started recovering until Monday when it came up to $78.87 at its highest. From Monday we’ve seen another decrease with the price making a slightly lower low compared to the last week’s one but is currently sitting at $73.867.



Looking at the hourly chart, you can see that the price almost came down to $69 horizontal level which is the support level of the starting point on the previous increase. If that previous increase was the 5th wave from the higher degree uptrend move this means that price has almost retraced to the 4th wave’s ending point.

Read more about LTC/USD and EOS/USD pairs analysis on FXOpen blog...


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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #151 on: August 27, 2019, 01:12:38 PM »
Bitcoin and Ripple – a breakout to the downside looks close
BTC/USD
 Last Tuesday the price of Bitcoin was sitting at $10948 which was the first lower high after an attempt for interaction with the 0.382 Fibonacci level. As the price was in a downward trajectory it fell by 10.18% moving slightly below the symmetrical triangle’s support level but the price found support there and started recovering. The recovery which followed has been stopped out at the 0.236 Fib level on two occasions which is why we are seeing the price being struck in this range and is forming a cluster.



On the hourly chart, you can see that the sellers have been putting a lot of pressure at the 0.236 Fib line and that the triangle’s support level hasn’t been respected properly which could serve as a first indication that more likely we are to see a breakout to the downside. This breakout would be the third structure from the yearly high with the first two being three-wave corrections the third one could be the five-wave move to the downside and would be the C wave of the higher degree.

Read more analysis about BTC/USD and XRP/USD cryptocurrency pairs here - https://blog.fxopen.com/bitcoin-and-ripple-a-breakout-to-the-downside-looks-close/

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #152 on: September 03, 2019, 01:03:30 PM »
BTC/USD and XRP/USD recover, but for how long?
BTC/USD Last Monday the price of Bitcoin was $10503 and spiked further to $10675 at its highest point. From there the price has decreased by 10.41% as it came down to its lowest point at $9417.9 on Thursday. As the price came down to its significant horizontal support level last Thursday and found support there a recovery has been seen of around 11% as it came up to the same levels as on last Monday.As you can see from the hourly chart, the price has started to break out to the downside from the symmetrical triangle which was formed since the 26th of June but it found support on the previous low levels at 0 Fibonacci line which has caused a bounce to the 0.236 Fib level and is currently retesting the broken triangle’s support.


Read more about BTC/USD and XRP/USD cryptocurrency rate prediction here - https://blog.fxopen.com/btc-usd-and-xrp-usd-recover-but-for-how-long/

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Re: Fresh Cryptocurrency Analytics from FXOpen - Bitcoin, Litecoin, Ethereum
« Reply #153 on: September 05, 2019, 03:34:39 PM »
LTC and EOS – Recovery seen but it could be still a corrective one
LTC/USD From last Friday when the price of Litecoin has been sitting around $62.332 at its lowest point we have seen an increase of 13.61% until Tuesday when it came up to $70.8 at its highest point but is currently sitting at $67 as a minor retracement occurred.


Looking at the hourly chart, you can see that the price attempted to make a recovery above the $69 horizontal level but the attempt ended as a fakeout with the price currently retesting its support point made by the intersection of multiple trendlines.  After the price continued moving below the $69 level it hasn’t continued doing so for much longer before recovery started which could indicate that we’ve seen the ending wave from the five-wave move to the downside that started on the 22nd of June at the yearly high.
Read more on FXOpen Forex Blog - https://blog.fxopen.com/ltc-and-eos-recovery-seen-but-it-could-be-still-a-corrective-one/


 

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