Get started

Cryptoasset

Litecoin has Break the Reaistance Through!Hey Dude! Cryptodeeper is coming back to give you all about information of altcoin analysis. At this moment I’m going to show you the chart analysis. Surely, we have knew about litecoin price action. The price movement was very slowly to grow up, if we compared with bitcoin and the other of altcoin. However, at this time is a moment for litecoin to make a great surprise. As we know, there are so many event on the litecoin until the end of the year cause in this month Litecoin is turning into Ten. Surely, it really wasn’t easy to survive in the long term way. The latest news I’ve ever heard before, said that Litecoin has collaborated with Bitplaza and Bitpay as payment method. Thus, do you know? The big event we’ve been waiting for so long, MimbleWimble, is going to release. MimbleWimble (MWEB) is one of the protocols used in the blockchain. It focused in privacy and fungibility. Therefore, MimbleWimble gives users an access to encrypt all data that is used while doing the transactions in the crypto asset market. So this step was taken to increase the security of the transaction. Back on this chart, let’s talk about the analysis of the litecoin. As you know, litecoin has broke the daily resistance on $195. It’s a good news for continuation price of increases trend. Even though it has a break resistance, the price still consolidation on the range $195-$200. Keep calm, just wait for the time to fly to the moon cause the price target would still go up higher. In my opinion, the first target is on the fibbonachi 0,618 or in the price is $295. After that, you would see the small correction to fibbonachi 0,5 and then back to the last all time high on $410. It’s the poin!!! Thus, if you’ve saw the wave like that, litcoin is getting ready to the moon. Oke dude, it’s a little bit of my chart analysis about litecon. See ya!
COINBASE:LTCUSD
by cryptodeeper
2
BTC: HODL THE LINE! Within the past hour or so, we've seen BTC breakdown and through the support of what was widely perceived to be a bull flag pattern formation. Notwithstanding the breakdown, BTC was able to bounce off of the support of its ascending broadening wedge, or "megaphone" pattern, that it has been bouncing around inside of since October 8. With the ascending broadening channel pattern formation having a bullish bias, the case could be made that so long as BTC holds the wedge's support in the forthcoming hours/days, BTC could catch a bounce back up to $19,000 in a larger push up to the channel's resistance beyond $20,000. In the event we see the wedge's support fail to hold, all bets are off as to where the bears send BTC plunging down towards. However, do note that the $16,500 level has acted as a microtrend defining level of support/resistance since mid-November and could certainly prove to be the bull's last line of defense. To stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com
KRAKEN:BTCUSD
by phum126
1