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Full credit for this video to BitcoinNews.com who listed the data on this video on an article on their web site: https://bitcoinnews.com/?s=.comBitcoinNews.com%20Litecoin%20Market%20Analysis%2018th%20June%202019
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Transcript:
0:00:00 BitcoinNews.com Litecoin Market Analysis 18th June 2019
0:00:05 This replace is dropped at you by “CoinCheckup News Updates” and was initially printed on “BitcoinNews.com”.
0:00:12 After a superb begin final week, patrons in two days have been in a position to attain the $140 mark and all subsequent days the value consolidated in a slim vary of seven% underneath the extent of $140. The sharp progress from $110 to $140 occurred on elevated volumes that proves to us the facility of patrons in the meanwhile.
0:00:32 Buyers of Litecoin have up to date the native excessive sooner than patrons of Bitcoin did.
0:00:37 After updating the native excessive by Bitcoin patrons, Litecoin stored within the consolidation with out permitting the value to fall.
0:00:44 It confirms the very fact of nice curiosity on this coin, which we wrote about within the earlier evaluation: what’s the $140 degree?
0:00:51 In the previous, in January and March 2018, sellers stopped at this mark, however later this degree quietly broke by each sellers and patrons, which diminished its significance and the chance of beginning a correction from this degree.
0:01:03 After the primary take a look at of $140, volumes steadily started to fall and in the meanwhile the next makes an attempt to interrupt by this degree weren’t profitable.
0:01:12 Buyers must hold a value above $128, what they’ve been in a position to do on 13-14 June, to proceed their progress.
0:01:20 Also, on a each day timeframe, besides the extent $140, a dashed pattern line is clearly seen, which patrons cannot break by since 15 May.
0:01:29 During the week, the marginal positions of patrons elevated considerably solely at the start of the week.
0:01:35 Sellers are clearly extra emotional and fewer steady than patrons.
0:01:39 Given how lengthy the expansion takes place with out tangible corrections, we see a excessive likelihood of a rebound from the pattern line and the start of the correction.
0:01:48 Thanks for checking this video! If you wanna learn the entire article you may go to CoinCheckup.com or go to: “BitcoinNews.com”, who initially printed this information replace on their web site.
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