Bitcoin remains in an uptrend but is facing signs of exhaustion above $13,200, suggesting that a minor correction could drag altcoins lower.
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Bitcoin remains in an uptrend but is facing signs of exhaustion above $13,200, suggesting that a minor correction could drag altcoins lower.
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Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices.
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Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments.
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Bitcoin price may rise to a new 52-week high if it can break above the ascending channel and this move could ignite the altcoins.
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Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend.
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The CFTC is looking to make an unregistered foreign platform pay back U.S. investors in its crypto futures, suggesting expanding jurisdictions.
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Some cryptocurrencies have retraced from their highs, back to prices seen several years ago.
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#Litecoin has joined the list of altcoins that have broken out of their slump
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The LTC cryptocurrency preserves the impulse of growth formed at the beginning of the month. On Tuesday morning, January 14th, the LTC is generally trading at $53.46. On D1, after a convergence on the MACD, the quotations have started to rise, breaking out the resistance line of the descending channel. This signifies the beginning of a correctional trend of growth. The first aim of such growth is at 23.6% ($61.53) Fibo, later they may grow to 38.2% ($77.62) and 50.0% ($90.44). A breakout of the current minimum of $35.82 will signal the continuation of the decline with the aim at
The post Litecoin Price Analysis for January, 14th – LTC Heading Upwards appeared first on The Merkle Hash.
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