• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Technical analysis

ALT COINS MINI FLASH CRASH AS LTC PRICES TEST $144

Dalmas Ngetich by Dalmas Ngetich
3 years ago
in Technical analysis
Reading Time: 3min read
LTC Prices 4HR chart technical analysis

LTCUSD 4HR Chart for December 23, 2017

Advertisement

Most alt coins including LTC prices crashed momentarily on December 22. It was even clearer in DASH and IOTA while NEM seem to have handled it.

Contrary to what we expected, this was happening within a steep buy trend but with IOTA, we need a strong confirmation of bull pressure to be confirmed. It is over-extended to the upside as the weekly chart shows.

NEM PRICES DIP TO $0.51 BEFORE BOUNCING BACK

NEM 4HR chart technical analysis
XEMUSD 4HR Chart for December 23, 2017

We now have a perfect buy opportunity folks. Our buy triggers following that close below the middle BB were all triggered after that long lower wick tested lows of $0.51.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Those levels as we had explained yesterday were our Fibonacci retracement levels between 38.2% and 61.8% with lows of $0.51. Do you notice that long lower wick? If you do then note that is also closed below the lower BB before it was confirmed earlier today.

NEM prices are trending along last week’s highs and if there is a close above the 20 period MA then guys, we buy this! Remember, the weekly chart is our trend setter and it is still bullish despite the recent sell pressure.

Let’s follow the chart and not the crowd, shall we?

TIME TO RAMP UP DASH BUYS?

DASH 4HR chart technical analysis
DASHUSD 4HR Chart for December 23, 2017

So we were partly right and somehow wrong after yesterday. The depreciation thing happened yes, fact is more than $300 worth of DASH was wiped out on Thursday and Friday with prices reversing below $1000 level.

What we were wrong-a non issue though-is the level was that retracement took place. Ideally, they should be below 23.6% but as it is, ignoring the crowd, the momentum is strong.

Reversals are from the 23.6% level with a stochastic buy signal turning from the oversold stochastics. You know what guys? Let’s buy!!!

IOTA MINI FLASH TESTS MIDDLE BB

IOTA 4HR chart technical analysis
IOTUSD 4HR Chart for December 23, 2017

IOTA bears have been on a rampage of late. Notice that close below the middle BB and the consequent price erosion.

Luckily for buyers, $3.3 is a turning out to be a significant support line. Because we have stochastic buy signal at or around the support, IOTA buyers should be pouncing on this long opportunity even after IOTA flash crash.

After all, yesterday the middle BB was tested and price rejected equilibrium.

MONERO PRICES REACTS AT $300

Monero 4HR chart technical analysis
XMRUSD 4HR Chart for December 23, 2017

Going though this chart and it is clear that the BTC drop is dragging prices lower.

Fact is, the middle BB couldn’t hold bear pressure.

As we can see, Monero prices are actually bouncing back from that level and as higher highs relative to the lower BB begins developing, buy pressure should be force behind it.

We need to see confirmation of that through diverging %k and %d.

Otherwise, if prices collapse and close below $290, then there is no need of trading this pair until a clear trend forms.

LTC PRICES DROP AS LOW AS $144

LTC Prices 4HR chart technical analysis
LTCUSD 4HR Chart for December 23, 2017

Yesterday, LTC prices lows of $144. Yes, that is a whole $100 below what we had anticipated as buy zones.

Now, check out those consequent higher highs relative to the lower BB and those long lower wicks meaning buy forces.

LTC buyers who bought in at around $150 are some lucky chaps. Not only were they trading with the weekly trend which is bullish but those prices are just awesome.

I would recommend trading after buyers close above the 23.6% Fibonacci retracement and the middle BB. There after, I will trade according to the general trend in the weekly chart.

All charts courtesy of Trading View

Tags: alt coin dashalt coin iotaalt coin moneroalt coin recoveringdash currencyiota pricesltc pricesltc recoveringmonero prices
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

Ethereum

TA: Ethereum Resumes Decline, Here’s How The Bears Could Take Control

10 hours ago
Bitcoin

TA: Here’s Why Bitcoin Price Is Primed To Revisit $52K Support

12 hours ago
Ethereum

TA: Ethereum Corrects Losses, Here’s Why $2,300 Is A Major Hurdle

1 day ago
Bitcoin

Bitcoin Price Nosedives $5K, Why BTC Could Extend Losses

2 days ago
bitcoin

Two Patterns, One Coin: Is Bitcoin Currently Bearish Or Bullish?

4 days ago
Ethereum

TA: Ethereum Corrects Rally, But 100 SMA Could Spark Fresh Increase

4 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Fly to the Moon and Win One of Three Tesla Cars with New Bitcasino Game, Live Crash

April 19, 2021

Cryptocurrency Exchange Gate.io Celebrates 8th Anniversary

April 20, 2021

eToro Adds Chainlink and Uniswap Amid Investor Surge For Crypto

April 19, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.