BAT, Compound, Litecoin Price Movement Analysis for 16th April, 2021

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Basic Attention Token was returning to its range lows, while Compound was moving almost vertically north. It could see a sharp drop back into the $530 mark, particularly if Bitcoin fails to defend the $60,400-level. Litecoin was halted just shy of the $300 mark by the latest surge of bearish pressure, and it could retrace as far south as $260 and $244.

Litecoin [LTC]

BAT was trading in a spread, with several candlewicks falling to either side of the range’s borders. Nonetheless, BAT saw some demand in the $1.4-area over the last week, but it has been unable to break through the $1.58-zone.

During the time that BAT was in this band, the RSI developed a sequence of lower highs and dropped below neutral 50 even though the price fell below the range’s midpoint of $1.48. Along with the dropping Stochastic RSI, this indicated bearish pressure and may lead to a retest of the range lows for BAT.

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Basic Attention Token [BAT]

Litecoin, BAT, Compound Price Analysis: 16 April

Source: BAT/USD on TradingView

BAT was trading in a spread, with several candlewicks falling to either side of the range’s borders. Nonetheless, BAT saw some demand in the $1.4-area over the last week, but it has been unable to break through the $1.58-zone.

During the time that BAT was in this band, the RSI developed a sequence of lower highs and dropped below neutral 50 even though the price fell below the range’s midpoint of $1.48. Along with the dropping Stochastic RSI, this indicated bearish pressure and may lead to a retest of the range lows for BAT.

Compound [COMP]

Litecoin, BAT, Compound Price Analysis: 16 April

Source: COMP/USDT on TradingView

COMP has hit a high of $612 since breaking out of the descending triangle. COMP had been firmly denied at $550 earlier this month, and after consolidating for a few days around the $450 stage, it made good gains once more. This was achieved with increasing trading volume, demonstrating investor conviction.

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This conviction will propel the rally even higher, but COMP will require more time to gather momentum before making the next move. The rate of funding for the price is $550 and $526. The Volume Profile Visible Range revealed that the Point of Control was at $451, with some assistance planned between $480 and $490.

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