November 25, 2020

Cryptheory

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Technical Analysis: [BTC and LTC] Markets are bleeding fast and not stopping yet

2 min read
Technical Analysis: [BTC and LTC] Markets are bleeding fast and not stopping yet

overview of terms

Crypto markets fell sharply over the weekend and the end of the weekend shakes cryptocurrencies, not just Bitcoin or Litecoin. Altcoins bleed quickly and probably a lot.

 

[BTC / USD] In 2020 to present value: + 35%

 

We’ve warned you for weeks about this cup and handle pattern, now it’s filling. Anyone predicted growth but who predicted the fall? We are currently facing $ 9,100- $ 9,500 if bulls fail, $ 8,700 will not miss us. At the end of this pattern, the new cycle will start at $ 11,800. Before we grow, whales must withdraw their profits, and that is exactly what this will happen!

 

Technical Analysis: [BTC and LTC] Markets are bleeding fast and not stopping yet

 

In short, you can see above the prediction graph to 10 300 USD and the subsequent fall exactly according to the pattern. The chart below shows the current situation and the support area on the chart.

 

It is not about boasting the right prediction, but rather to warn the reader of what the analysts see on the chart and to translate it to ordinary investors and speculators into a language they understand. If I succeeded in this prediction, it is a good sign that we are doing the job well.

 

Technical Analysis: [BTC and LTC] Markets are bleeding fast and not stopping yet

 

[LTC / USD] In 2020 to present value: +77%

 

Litecoin up to 13% loss from high 2020. We are currently at 77 USD and it seems that the decline is just starting. High is at $ 84 in 2020. Interesting throughout Litecoin is its deep support of up to $ 60-64. Bulls will want to fight for this support. Bears, on the other hand, will try to get to $ 60 as soon as possible. Bitcoin is likely to help speed this downturn, and we should go down to $ 60, at least this is currently seen in the chart.

 

Technical Analysis: [BTC and LTC] Markets are bleeding fast and not stopping yet

 

Thank you for taking the time to analyze today.

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