Augur, Litecoin, Neo Price Movement Analysis for 6th April, 2021

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Augur is expected to break through $44.37, with the $50 mark probable in the coming trading sessions. Litecoin is approaching a key resistance level of $228.92, and a good breakout could drive the price beyond $245. Neo was trading at multi-year highs and shows no signs of slowing down.

Augur [REP]

On the 4-hour charts, Augur started to climb, and the bulls were about to reach a high support level at $44.37. The bears were able to deny a breakout on the previous attempt, pushing REP all the way to $30.4. On this case, however, the on-chain metrics clearly supported a good breakout.

The RSI has yet to plateau in the upper range, indicating more gains in the coming sessions. After recovering from a bearish twin peak configuration, the Awesome Oscillator restored movement around the equilibrium stage. If the indicators remain in place, a breakout could reach $50 or even $60.

Litecoin [LTC]

Source: LTC/USD, TradingView

On the 4-hour timeframe, Litecoin had a bullish trajectory as it hit the critical $228.92 barrier. Breaking above this amount will take LTC above $245, a level last seen before the late February pullback. The trend was also consistent with recent forecasts, as spot exchange trading volumes showed an uptick in demand for the world’s ninth-largest cryptocurrency.

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The OBV showed buying about the $170 mark, with the alt recovering to values seen on February 20. As the bulls gained momentum in the market, the ADX moved north from 25. At the time of publication, 24-hour trading rates had surpassed $5 billion and had increased by 74%.

Neo [NEO]

Source: NEO/USD, TradingView

Neo’s escape from the $46.2-$37.9 range pushed the stock up to $64 – a pace last seen in May 2018. Gains over the last seven days have now surpassed 42 percent, highlighting a solid bull market after a relatively quiet month of March.

Despite trade in overbought terrain, the RSI was pointing north, implying a delayed stay in the upper zone. Meanwhile, the MACD line remained above the Signal line, with the histogram indicating an increase in bullish momentum. There was some opposition at the $65 level, but a higher barrier remains at $69. If the bears keep this amount, a pullback to $60 is likely.

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