Archive for Dezember, 2020

Litecoin in search of higher profits, look where it’s going

by admin .

Although Bitcoin is getting all the attention, already altcoins like Litecoin (LTC) are preparing to look for better returns.

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Litecoin continues to be strong and shows intentions to look for Profit Revolution more gains in this bullish rally of the crypto ecosystem. If you are interested in where LTC’s price is headed, stay tuned for this publication.

The long term uptrend is resuming
At the moment there is no rally that compares with the one that Bitcoin is holding, and although it is generating some positivism in other cryptosystems, most of the attention is being brought to it by BTC.

However we have already been seeing how Ethereum has been waking up strongly, Binance coin marked an ATH yesterday. And so different currencies that with their fundamentals have a very solid position in the ecosystem to take advantage of a general bullfight.

Among those crypt coins we must include Litecoin, which although it doesn’t stand out too much, has always remained there as a cheaper and faster version than Bitcoin.

Today LTC shows a fairly solid performance for the long term. It’s behaving in a way that makes us think that it’s already looking for new historical highs.

After the collapse in March, Litecoin managed to fully recover and is currently challenging the most relevant immediate monthly barrier, one that if crossed will leave the ground clear for the ATH zone.

Litecoin’s monthly price chart Source: TradingView.
Monthly chart of Litecoin’s price. Source: Litecoin: TradingView.
Bitcoin reaches 28k. Here is a forecast for next week
The scenario in the weekly chart indicates that Litecoin is ready for more profits
When we analyse the weekly candlestick chart, we realise that the bulls also have control of the medium term trend, thanks to a continuous succession of rising minima and maxima.

Currently as I mentioned the price of Litecoin is being hampered by resistance near the $136 level, if crossed the space would be clear to manufacture significant gains.

When we detail the price’s behaviour in this time frame, we realise that the present moment could be the end or almost the beginning of a mid term momentum, which should give way to some correction before continuing to rise.

Such a fall at this time would be totally healthy and would pick up demand that is taking advantage of discounted prices to further propel Litecoin into profit.

Litecoin is willing to look for higher profits. Source: TradingView.
Litecoin is willing to look for higher profits. Source: TradingView.
Short-term trend tells us that LTC could be ready to go higher in the next few hours
On the daily candlestick chart we see how Litecoin seems to have gained support at the $122 level, and rested long enough to resume the previous trend.

For this to change, the $122 support must be breached, which would signal a correction in the medium term trend.

Bitcoin repeatedly fails at its all-time high – which is now worrying analysts

by admin .

Bitcoin has struggled to get past the mid to upper $ 19,000 region in the past few days and weeks as the pressure to sell is significant here.

As long as the bulls fail to crush the resistance region, which starts at $ 19,400, we may see a longer period of consolidation

However, the last weekly closing price of the cryptocurrency was incredibly bullish and happened to mark the highest closing price ever recorded by the cryptocurrency on many exchanges.

This could improve Bitcoin’s medium-term outlook, but there are still some pessimistic factors that counter this.

Until Bitcoin can leverage this macro-strength to break above $ 19,400 and then above $ 19,800, it could see sustained sideways trading.

Bitcoin and the entire crypto market have been affected by a longer consolidation phase in the last few days and weeks.

The aggregated crypto market has struggled to gain momentum. This can largely be attributed to the benchmark cryptocurrency being unable to break its pre-determined all-time highs.

Overall market development in the medium term will likely depend on whether BTC can set new highs or not.

As one trader notes, it is very likely that we have serious upside potential as the strength of the last week’s close in cryptocurrency can do a lot to add some momentum to the market.

Bitcoin consolidates above key level of $ 19,000

Bitcoin is currently consolidating below $ 19,000 in the region. The asset has been trading in this region for the past few days and weeks.

Selling pressure seen at $ 19,400 has prevented an upward move in recent days, with this being the first major resistance for Bitcoin ahead of the $ 19,800 to $ 20,000 region.

Trader: Bitcoin’s macro outlook strong after the week’s close

Bitcoin saw the highest weekly candle close ever yesterday, which means that serious upside for the cryptocurrency could be imminent.

One analyst wrote about it in a tweet, stating that the development has undoubtedly improved Bitcoin’s prospects:

“BTC: Had an all-time high weekly closing at Bitstamp this weekend. It looks like Coinbase closed right below the 2017 week ATH. So close to $ 20,000 + „

Bitcoin (BTC) møter for et nytt forsøk på å knekke $ 20.000

by admin .

Bitcoin står overfor motstand på $ 19.400.

Daglige tekniske indikatorer viser svakhet.

BTC er muligens i en sluttdiagonal.

Kampanje
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Bitcoin (BTC) er i ferd med å gjøre et nytt forsøk på å bryte ut over $ 19,400-området etter et kort avvik over nivået i går.

Bitcoin forventes å lykkes med å gjøre det og vil sannsynligvis bevege seg mot motstandsnivåene som er beskrevet nedenfor.

Bitcoin avviker over rekkevidde høyt
BTC-prisen har økt raskt siden begynnelsen av september. 1. desember nådde prisen en høyde på $ 19 888, som var en ny høy all-time pris.

Imidlertid viser tekniske indikatorer i den daglige tidsrammen betydelig svakhet. Både RSI og MACD har generert bearish avvik. Videre har den stokastiske oscillatoren gjort et bearish kryss, første gang den har gjort det siden oppadgående bevegelse begynte i september.

Hvis BTC skulle begynne å synke, vil de tre viktigste støttenivåene bli funnet på $ 16,036, $ 14,847 og $ 13,657 (de respektive 0,382, 0,5 og 0,618 Fib retracement nivåene).

En nærmere titt på bevegelsen avslører at BTC står overfor motstand fra $ 13.400. Bitcoin ble allerede avvist fra denne linjen 25. november før den samlet seg og brøt ut over den 1. desember

Imidlertid har BTC falt tilbake under dette området, noe som gjør den påståtte utbruddet til et avvik over området høyt (rød sirkel). For tiden står prisen igjen motstand fra dette nivået.

Avslutter diagonalt
Antallet som ble presentert i gårsdagens analyse antyder at Bitcoin Trader er i underbølge 5, som kan gå helt opp til $ 21.733- $ 21.949.

Selv om dette veldig godt kan være riktig telling, presenterer bevegelsen siden avvisning og slipp fra 1. desember (fremhevet på bildet nedenfor) en alternativ telling.

BTC-bølgetelling

BTC-diagram av TradingView

Bitcoin har handlet inne i det som ser ut til å være en stigende kile, og fullført hva en potensiell sluttdiagonal (svart). Delbølgetallet stemmer overens med denne muligheten.

Hvis det er riktig, vil BTC sannsynligvis bryte ut over denne stigende kilen og nå en litt høyere høyde i forhold til 1. desember-prisen før den reduseres kraftig.

På grunn av regelen om at bølge 3 ikke kan være den korteste, vil en økning over $ 20.442 ugyldiggjøre dette spesielle mønsteret og antyde at prisen sannsynligvis vil øke helt til $ 21.700 som beskrevet i forrige diagram.

Konklusjon
Mens Bitcoin forventes å bevege seg over $ 20 000, setter muligheten for en sluttdiagonal en grense for den potensielle økningen hvis et breakout oppstår. En økning over $ 20.442 vil sannsynligvis ta prisen mot $ 21.700.