Jul 14, 2020 Forex News
Litecoin loses not only in price but also in capitalization. According to Coingecko, Litecoin moved to 9th place in terms of market capitalization. Due to rising prices, Cardano and Binance Coin were able to squeeze it. Litecoin currently has a market capitalization of $2,824 and has been declining since early June.
Litecoin fell by 3,7% from yesterday, and now Litecoin is trading at $43,48. If you look at the hourly chart of the LTC/USD pair, you can see the ascending triangle, thanks to which the LTC/USD pair rose above $45. However, the head-shoulders also formed on the hourly chart.
An ascending triangle began to form on June 28 after the LTC/USD pair first reached a resistance level near $42. The graph shows higher lows, but constant highs. On July 6, the LTC/USD pair was able to break up the rising triangle and rise to a maximum of $45,84.
The head-shoulders began to form until the ascending triangle. At this time the price formed the first shoulder. The head was formed on July 27, when the LTC/USD pair fell below $39.
The second shoulder formed after the growth of the LTC/USD pair above $44 and a further decline. The recent decline in the LTC/USD pair provoked an outflow of capital. Chaikin Money Flow is formed near the zero mark, which indicates a minimum infusion of money. However, the CMF did not fall below -0.19, but could not rise above 0 yet.
Falling below $43 will be constrained by the support level of $42. Litecoin can trade between $42 and $44 for some time.
Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
Mar 2, 2023 Forex Forecast
Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
Jul 1, 2022 Company News
On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto
Mar 10, 2022 Company News
Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)
Feb 14, 2022 Company News