IOTA, Litecoin, NEM  Price Movement Analysis for 26th February 2021

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As selling pressure increased on the charts, IOTA and NEM fell below previous levels of support. Once again, Litecoin fell below $180, a level of major significance from earlier in the month. As Bitcoin has space to go lower, it is possible that the altcoin market will slip alongside it.


At press time, the decline from $1.55 to $1.07 marked a drop of 34 percent within a week for IOTA. This was followed by BTC shedding value, with the remainder of the altcoin market also declining.

Significant levels of IOTA support were $0.97 and $0.79, while behind a bearish candle breakthrough to the downside, the $1.08 level saw good momentum.

The momentum seemed to support the bears strongly and the MACD showed the same, moving below the zero-line. It can be predicted that trading volume on any bounces would be light. A bearish re-test of the $1.08-level can be used over the next few hours to reach a short place.

Litecoin [LTC]

Litecoin, NEM, IOTA Price Analysis: 26 February

Source: LTC/USD on TradingView

With the cryptocurrency falling back under the $180-mark that LTC bulls worked to break above during January, Litecoin was unable to remain above $192.

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The next important amounts of funding were $163, $149, $135, and $123. A transfer far south did not seem to be on the cards, but a $149-level test was a real chance.

To show that bearish momentum was on the rise, the RSI fell below 50. The crypto can be moved to the $170-$175 area by a bounce near $163, before coming under more selling pressure.


Litecoin, NEM, IOTA Price Analysis: 26 February

Source: XEM/USD on TradingView

Over the past week, the highlighted region at $0.5 marked a strong area of demand for XEM, with the bulls bravely defending it. The losses over the previous few hours, however, were too much and the bulls were forced to withdraw.

A clear bearish trend in progress was shown by the Directional Movement Index, while the Chaikin Money Flow was moving below -0.05 to indicate nett capital flow from the market, an indication of the power of the sellers.

The next area of interest was the region of $0.42-$0.44 as potential help.

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