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► 05 Aug 2019 – 📈 Weekly Trading Analysis 💸
Litecoin has officially halved. Trader Ali takes a look at potential movement for LTC in the wake of the block reward halving to 12.5 LTC.
Could the previous halving of Bitcoin be any indication of where this could be going? Is Litecoin likely to remain above the $100 level?
We then also dive into Bitcoin as the price has broken through the $11,000 level once again. Could this be as a result of trade war fears? Could people be diversifying their risk in the wake of these numerous threats?
There has also been sustained move in a number of other markets. On the FX side, GBP continues its slide in the wake of Brexit uncertainty. Traders are running from Cable as fast as they can.
EURUSD is rallying as the dollar weakens on the sustained threat coming from the trade wars.
There are also a number of other markets that are on the move. The S&P500 is selling off and Gold is reaching yearly highs.
Arb Trader Ali dives into the levels and potential moves.
► Warning!! ⚡️
Trading Forex & Cryptocurrency is very risky. Make sure that you practice adequate risk management to protect your account.
► Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. Open CDPs at your own risk!
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