In this Halving hype, I am expecting top POW coins to make their move next. Bch has already made 6x move so far but Ltc is lagging but now that Ltc Chart is reaped enough, I'm expecting it to make a move. Load your bags and hodl.
The main support is now located at the $64,000 - $64,700 mark. Buying there makes a big sense (if you've somehow managed to still be not all in crypto).
More likely we will see another test of this support zone. Anyway, the worst events left behind.
The main resistance — $67,700. Once it is broken, we can rally upwards again.
Unfortunately, Bitcoin was not strong enough to hold the bear pressure caused by the recent news from the Middle East.
April turns out to be quite eventful month: - Hong Kong SFC potentially approves ETF (15th of April) - Bitcoin Halving (19th of April) - Escalation of armed conflict on the Middle East (possibly this month)
Massive Bullish events overlap with Huge Bearish ones. That's why we need to take a look at the bigger picture...
...overall we can see a continuation of decreasing and another fake breakdown of the $60,000 support level. The shadow might even touch the $54,000 level (but chances are not that high).
What we can surely assume — retail investors will not hurry to put money into high-risk assets (crypto included) when the pease is at risk.
As you can see, the dump doesn't look very dangerous even on the 12H chart. On the 1D chart it is even smaller.
The price made a fake breakdown of the ascending and $66,400 supports. Quickly back above both of them.
To be honest, I can't see any reason why Bitcoin shouldn't start a new rally upwards (or at least make another test of $72,000 - $73,000 resistance) during the next working week.
This is the zone of strong support, moreover it correlates with the EMA200 on 1D chart. Truly hope that these bids will be filled, it will be literally a perfect entry in this coin.
The Litecoin has completed the third block reward halving at block height 2,520,000, and the block reward has been halved from 12.5 LTC to 6.25 LTC. The current LTC price is $89.12, down 3.8% in the past 24 hours and down 10% in the past six months. $LTC
Welcome back It's time to analyze the LTC coin according to the information I mentioned in yesterday's analysis.
I had identified optimal entry points for long-term contracts in my analysis. This is due to the current price being in significant areas derived from Fibonacci levels, which I see as attractive zones for entering long-term deals in all my analyses.
Some of you asked for clarification about the targets. Therefore, the targets I identified are as follows:
1 : $100 2 : $106 3 : $116
And for the stop loss, it is set at the following level:
$80
Always remember that trading requires continuous analysis and a clear strategy. Follow my analyses to become more confident and successful investors in the cryptocurrency market! $LTC
In my recent analysis of the XRP currency, I mentioned that I do not expect more pumping before the price reaches certain Fibonacci zones. These areas are:
1 : 0.64 2 : 0.56
At the present time, I do not expect any activity, reaction, or a second pumping wave to happen before reaching these areas.
Upon the price reaching the mentioned Fibonacci zones, I expect the pump to start strongly, initiating the second wave. The targets will be as I mentioned in my previous analysis:
1 : $1 2 : $1.2 3 : $2
I am optimistic about this currency, especially with the recent news that was positive for it. I have focused a lot on this currency in my recent analyses, and it has achieved some good profits for us. I will continue to monitor it for future gains. $XRP