BAT has reached the consolidation process between $0.83 and $0.72. Litecoin demonstrated some fatigue above the $221 range, but long-term stability at that mark was stable. VeChain passed inside the ascending channel, but threatened to collapse.
Basic Attention Token [BAT]
The upward breakout of the symmetrical triangle saw Basic Attention Token rise to a local high at over $0.88, but the market quickly changed course from that point. However, the bullish rebound of the $0.72 support took place and the market entered the stabilisation process at the time of publishing.
The MACD line reflected the rotation of the signal line as the demand was balanced between buyers and sellers. Since reversing the course from the upper field, the Stochastic RSI sided with the wolves. The current price level was not that far away from its ATH, and BAT will certainly have a fresher record on the charts at the close of the current consolidation.
Litecoin’s bounce back from $155.7 support fuelled a solid uptrend on the charts as the market broke through a few resistance thresholds. Gains have now stood at nearly 17 percent over the last seven days, with LTC outperforming virtually all cryptocurrencies in the top 10 rankings. The only coin with more weekly gains was the market leader himself, Bitcoin.
However, it wasn’t all rosy for LTC as the market changed south to the 4-hour timeframe. The Amazing Oscillator saw momentum on the sales side, while the MACD had a bearish convergence. This meant that a correction was happening while the sector was aiming to settle below the time resistance of the news. In the case of an extended selling were to take place, the $205 funding could fall into the spotlight.
VeChain was currently in a recovery process after the bulls flipped the $0.065 mark with a marginal correction from the record high. The movement, though, was within the boundaries of the ascending channel, and the increase to record highs appeared probable if the price was reversed from the lower trend line. Gains now amounted to over 90 percent of VET’s bounce back from $0.037 to its ATH help of over $0.72.
The RSI suggested that the cryptocurrency could see further improvements in the near term, just as it had not yet reached its tipping point. The Amazing Oscillator, on the other hand, displayed a bearish divergence and also created a bearish twin peak configuration. In the case of a malfunction, the assistance lines are $0.06 and $0.05.
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