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

Spread the love

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.

RECOMMENDED READ:  Aave, Elrond, Monero Price Movement Analysis for 29th March, 2021

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.

 268 Interactions,  6 today

Cardano, Neo, VeChain Price Movement Analysis for 30th March, 2021

Cardano seemed to be heading in the $1.27-$1.16 channel, and the next major swing could drive it into the $1.31-resistance. Read more

Binance Coin, Maker, Neo, Ontology Price Movement Analysis for 23rd March, 2021

Binance Coin is looking for a rebound over the $258.6 mark. Neo was on the brink of slipping below its Read more

EOS, Neo, Maker Price Movement Analysis for 18th March, 2021

Over the last three days, EOS has undergone considerable uncertainty, jumping from $3.7 to $4.4 and back to $3.7, barely Read more

NEM, Neo, Tezos Price Movement Analysis for 16th March, 2021

Although Neo attempted to reclaim the 50% Fibonacci retracement mark, NEM sought a lifeline at $0.325-support. Tezos losses were cut Read more

Binance Coin, Neo, Enjin Price Movement Analysis for 5th March, 2021

Binance Coin was going for $205 after Bitcoin fell to $49k on the market charts. Neo also moved below a Read more

EOS,  Ethereum Classic, Neo Price Movement Analysis 2nd March, 2021

EOS was traded on a descending channel, but an upward breakout was expected as trading volumes increased. ETC waited for Read more

EOS, Neo, DigiByte Price Movement Analysis for 27th February 2021

Even though the likes of Bitcoin and Ethereum traded in green at press time, they still had to recapture their Read more

Ethereum Classic, Neo, Tron Price Movement Analysis for 23rd February 2021

Losses posted by the likes of Bitcoin and Ethereum have wiped out almost $150 billion of the entire crypto-market in Read more

Bitcoin SV, Neo, VeChain Price Movement Analysis for 18th February 2021

The altcoin market has shared a few commonalities over the last few weeks. While many have registered a strong uptrend Read more

Litecoin, Neo, SUSHI Price Movement Analysis for 16th February 2021

Litecoin moved within a fixed channel at press time, with the crypto indicators looking strong enough to warrant a move Read more

Leave a Reply

Contact Us