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Quatnguy

Can Litecoin Hold the $50's?A stronger dollar and hawkish Fed outlook has impacted the crypto market across the board, with Litecoin plummeting from the $60's. We appeared to have good support there for quite some time, but $61.75 proved to be prohibitive, and we caved through to lower levels. We have been highlighting $55.84 as a lower bound for weeks now, and sure enough, this is the exact level at which we are finding support. If we can pivot, then $61.75 will likely be the next target. If we plummet further, watch for support at $51.92.
BITSTAMP:LTCUSDShort
by quantguy
Litecoin Slides with the Crypto Selloff!!Litecoin sold off with the rest of the crypto market, following its 'big brother' Bitcoin. This was to be expected with choppy, low liquidity trading, general ambivalence, and failure to even attempt to make new relative highs. We alerted you as to the support levels below, so you should have been prepared. We are currently seeing support from $141, as confirmed by several green triangles on the KRI not only yesterday, but the on the 6th as well, suggesting that this is a strong level of support. But if we have another wave of selling, then the next levels below are in the $130 handle at $134 and $130 specifically. We anticipate a floor for now at $124.
BITSTAMP:LTCUSD
by quantguy
3 Reasons to Be Bearish of BitcoinBitcoin is continuing to range between $48.2K and $50.8K. We are seeing a slight bearish trajectory here, and the Kovach OBV is arching downwards confirming it. From a broader perspective we are in a slight uptrend, getting support from a trendline andchored at lows at $45K. The technicals overall seem bearish. That rally from the selloff on December 4th seems very weak and the Kovach OBV is suggesting a bearish divergence. However, this being crypto we could see a large buying spike come in out of nowhere washing out weaker short positions. Otherwise, it seems likely for Bitcoin to hold the current range or dump to support at $47.4K or $45K. If we are able to break out, then we must break through $50.8K before we can consider solidifying the $50K handle again.
BITSTAMP:BTCUSDShort
by quantguy