Litecoin, Monero, Chiliz Price Movement Analysis for 9th April, 2021

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Litecoin has developed a growing wedge trend and may fall back to $217 in the coming hours, but its long-term outlook remains bullish. Monero seemed to be developing an ascending triangle shape. Chiliz bulls easily snapped up a $0.38 decline to regain the $0.47 help.

Litecoin [LTC]

On the hourly chart, LTC shaped a growing wedge. This might cause it to fall back into the demand sector, perhaps as low as $210. The Chaikin Money Flow was close to -0.05, and going lower would mean that capital was exiting the market at a faster rate than capital was entering, indicating seller domination. LTC’s Supertrend tracker appeared to indicate a sell warning.

Despite the short-term bearish outlook for LTC, it has recently pushed to the upside of a symmetrical triangle in which it has been trading since February. This shift could push LTC towards $300 in the coming weeks.

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Monero [XMR]

Litecoin, Monero, Chiliz Price Analysis: 09 April

Source: XMR/USDT on TradingView

In the previous week, the $250 and $265 price ranges were prominent supply and demand zones. The $265 field seems to be flipped to a market area as well. The ascending trendline (white) indicates that XMR could shape an ascending triangle, with resistance at $275-$277.

The OBV has seen decent buying volume since late March, but there has been some equilibration in the buying and selling volume in the last few days. If XMR is rejected at $275-$280, it can fall to $265 and attract further buyers.

The Awesome Oscillator was going above the zero line at the time of publication, indicating bullish momentum.

Chiliz [CHZ]

Litecoin, Monero, Chiliz Price Analysis: 09 April

Source: CHZ/USDT on TradingView

CHZ has been trending lower on the charts for the majority of the last month. The supply zone of $0.53-$0.56 remained unbroken, and CHZ fell below the $0.42 and $0.47 support thresholds before regaining them in recent days.

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Since the ADX (yellow) and the directional indicator lines were all floating around the 20 value, the Directional Movement Index revealed a lack of definite direction for CHZ. The RSI, which fell to 26 when CHZ hit $0.38, has recovered to a neutral 52 at the time of publishing.

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