243 Interactions, 2 Today
Following the recoveries seen in Bitcoin and Ethereum, Bitcoin Cash and Litecoin saw gains. BCH rose 7.5 percent as it approached the next price ceiling of $722.90. After gaining 2.7 percent, Litecoin was trading near its $180.87 resistance level.
Some altcoins, on the other hand, showed signs of consolidation on their separate charts. AXS, for example, fell 0.8 percent and displayed limited price activity.
Bitcoin Cash (BCH)
BCH was trading at $668.71 after gaining 7.5 percent in the previous 24 hours. If the upswing continues, BCH may retest the $722.90 barrier level. Technical indicators indicate that the market is bullish.
The Relative Strength Index was at 60, indicating a bullish trend. The number of green bars on the MACD histogram increased, indicating favourable price activity. The Chaikin Money Flow indicator remained above the half-line.
If BCH fails to maintain its present price level, it will fall to $624.30 and subsequently to $582.12, respectively.
Litecoin has gained 2.7 percent in the last 24 hours and is now worth $175.86. It was aiming for the immediate price ceiling of $180.87, after which the coin might try to challenge the $193.70 barrier. Indicators indicated that the price of LTC was rising.
The Relative Strength Index was determined to be above 50, indicating that it was in the positive zone. The Awesome Oscillator kept flashing green signals. MACD’s histogram also showed green bars, confirming the above values.
If purchasers lose confidence in the market, LTC may fall below $161.19 and subsequently to the $148.33 price floor.
Axie Infinity (AXS)
Axie fell 0.7 percent and showed signs of consolidation, with prices standing at $73.02. Bollinger Bands, in line with this, also showed constriction. Axie may vary between $79.71 and $68.62 as a result of the range-bound movement.
The Relative Strength Index, which was above the 50-mark, indicated that buying strength had not entirely faded.
MACD displayed narrower green bars on its histogram in response to a price movement that was limited to a narrow range.
A break to the upside could push AXS up to the $79.71 barrier level.