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Litecoin approaches the first target – Analysis - 23-01-2018
Litecoin price resumed its negative trading after testing 198.26 level in the previous days, to approach our first waited target at 156.51 now, reminding you that breaking this level will push the price to head towards 89.02 as a next main station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 198.26 level and holding above it, noting that the EMA50 and stochastic provide negative factors that support the expected decline.
Expected trading range for today is between 140.00 support and 200.00 resistance
Expected trend for today: Bearish
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Ripple under the negative pressure – Analysis - 23-01-2018
Ripple price traded with clear negativity yesterday to attack 1.29 level and settles below it now, which puts the price under more expected negative pressure in the upcoming period, affected by the head and shoulders’ pattern that appears on the above chart.
MoreEthereum faces negative pressure – Analysis - 23-01-2018
Ethereum price returned to provide negative trades after finding solid resistance at 1068.00, to test the key support 958.00 now, which represents 50% Fibonacci correction level for the rise measured from 492.02 to 1424.30, which means that breaking it will push the price to visit 848.14 level direct.
MoreUSDCHF is stable – Analysis - 23-01-2018
The USDCHF pair shows sideways trading since yesterday, settling below 0.9655 level, to keep the negative pressure valid on the intraday and short term basis, as the price moves inside the bearish channel that appears on the chart, waiting to test 0.9564 level initially.
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