cryptodaily.co.uk: Sally Ho's Technical Analysis 26 June 2019

  • Wednesday, 26 June 2019 02:00
Litecoin Litecoin (LTC/USD) recently traded at its strongest level since May 2018, printing as high as the 146.00 figure this past weekend before moving lower during recent trading sessions after it fell below the 50-bar MA (4-hourly) and tested the 100-bar MA (4-hourly).  The move higher over the weekend was capped right around the 76.4% retracement of the move from 182.35 to 22.17, an important technical level. Recent lows have been around the 132.13 area, representing the 61.8% retracement of the 144.28 – 112.72 range. Above current market activity, technical Resistance is expected around the 140.70 area, representing the 61.8% retracement of the move from 146.00 to 132.13. Additional selling pressure is expected between the 142 – 144 areas followed by Offers around the 152.60 area, representing the 76.4% retracement of the move from 192.89 to 22.17. Below current market activity, the 129.83 area represents the 38.2% retracement of the 304.00 – 22.17 range. Additional Bids are expected around the 124 – 127 levels. Price activity is nearest the 100-bar MA (4-hourly) at 132.99 and the 200-bar MA (Hourly) at 136.69. Technical Support is expected around 127.85/ 121.16/ 115.49 with Stops expected below. Technical Resistance is expected around 140.70/ 144.55/ 152.60 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.   Bitcoin Cash Bitcoin Cash (BCH/USD) has been orbiting the 469.48 area during recent trading sessions, representing the 76.4% retracement of the move from 591.88 to 73.22. The pair recently spiked higher to the 517.75 area after Stops were elected above the 507.47 area, representing the 38.2% retracement of the move from 1209.99 to 73.22 and the pair’s strongest showing since November 2018. The pair’s recent low of 459.09 was just above the 38.2% retracement of the move from 362.53 to 517.75. Above current market activity, the 520.76 area represents the 76.4% retracement of the move from 659.00 to 73.22. Additional Offers are expected by technicians around the 549 – 558 areas. Below current market activity, some technical Support is anticipated around the 454 area and additional Bids are cited around the 437 – 440 areas. Additional demand is expected around the 421 – 422 levels. Price activity is nearest the 50-bar MA (4-hourly) at 438.56 and the 50-bar MA (Hourly) at 476.99. Technical Support is expected around 458.46/ 440.14/ 421.82 with Stops expected below. Technical Resistance is expected around 491.11/ 507.47/ 517.75 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

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