Bitcoin Rejected At $21K, Why A Retest Of The Lows Could Be Positive

Bitcoin Rejected At $21K, Why A Retest Of The Lows Could Be Positive

Bitcoin seems on the verge of re-testing previous support levels. The number one cryptocurrency has been experiencing a persistent downside which took it to a multi-year low of around $17,000. Related Reading | Two Months Of Extreme Fear Leaves Crypto In Panic, Bitcoin At $20K Bitcoin has been trying to reclaim previously lost territory, but the selling pressure continues driven by negative news around the crypto space and the shift in monetary policy from the U.S. Federal Reserve (Fed). At the time of writing, BTC’s price trades at $20,000 with a 10% loss in the past week. Analyst....


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Litecoin Price Technical Analysis For 15/01/2016 - Retest of Lows?

Litecoin price is trading lower with a bearish bias. It looks like there is a chance of a retest of lows around $3.369 (data feed from Bitfinex). Intraday Support Level (Bitfinex) can be at $3.36. Intraday Resistance Level may be seen at $3.44. Yesterday, I highlighted that there is a possibility that sellers may appear another time and take the price lower. The price did move down Intraday, and currently looks set for more losses in the near term. Our sell near the 100 hourly simple moving average played well and it’s time to book profits. The highlighted resistance near the 100 hourly....