Thursday , August 13 2020
Home / Litecoin / Litecoin : Bitcoin, Ripple & Litecoin – American Wrap: 11/27/2019

Litecoin : Bitcoin, Ripple & Litecoin – American Wrap: 11/27/2019

Litecoin :

BTC/USD Technical Analysis: Perfect Textbook Technical Pattern Is Very Close To Being In Play” data-reactid=”27″ type=”text”>BTC/USD Technical Analysis: Perfect Textbook Technical Pattern Is Very Close To Being In Play

The head and shoulders pattern is one of the most famous in technical analysis.

Now it seems on the 4-hour chart BTC/USD is forming a perfect one.

If the price breaks and closed above 7,400 that will trigger a potential upside target of between 8K and 8,200.

With the head and shoulders pattern the target is based on the pattern length. 

View photos

XRP/USD Technical Analysis: Ripple breaks higher but can it sustain the move?” data-reactid=”48″ type=”text”>XRP/USD Technical Analysis: Ripple breaks higher but can it sustain the move?

As you can see from the chart below the price has recently shot higher.

The 0.2255 level has been used on a number of occasions as a support and resistance level.

The next potential resistance lies at 0.2355 which has been respected on three occasions.

View photos

LTC/USD Technical Analysis: This resistance level is hitting the price hard intraday

Looking at the hourly chart below its clear to see that the 47.22 level is giving LTC/USD some trouble.

Bitcoin, on the other hand, has broken higher and maybe this can have a lagging effect on Litecoin.

Longterm. this level was pretty significant back on 23rd October as it was where price found support after a heavy drop.

View photos

Image Sourced from Pixabay

Read More

About admin

Check Also

Why Was The Official Apple Twitter’s Only Tweet Ever About Bitcoin?

Oddly enough, Apple is known for never using its official Twitter account to market its …

Leave a Reply

Your email address will not be published. Required fields are marked *