114 Interactions, 2 Today
Certain altcoins took a bullish turn following Bitcoin and Ethereum’s upward movement. NEO logged an impressive 9.7% appreciation and was close to testing its immediate resistance of $65.71. Litecoin too gained by 6.8% amidst growing institutional interest. It could revisit $232.56 which is a multi-month high for the coin. Solana made minor gains while trading sideways on its charts, although it traded close to its all-time high of $143.77.
LTC has gained 6.8 percent in the previous 24 hours. It was on sale for $223.45. The coin was trading near its multi-month high. With a continuing advance, it might return to $232.56 and eventually reach $237.77.
Technical indicators, on the other hand, exhibited mixed trade signals.
The number of green bars on the MACD histograms has decreased in recent trading sessions. The Awesome Oscillator displayed a red signal bar as a result of a red session. Bollinger Bands exhibited a modest divergence, indicating lesser market volatility.
If the above notion holds true, LTC would find support on $218.15 and then if unable to sustain at that mark, it could dip to $194.13. Failing to find support over the $194.13 mark, LTC could push lower, to revisit its four-week low at the $160.58 price line.
On the charts, Solana was consolidating near its all-time high. It was currently trading at $142.55, a 1.9 percent increase. $143.77 was the overhead resistance.
The alt’s bearish price trend was seen on the 4-hour chart. The histogram of MACD has red bars. Despite the fact that the last green signal was only for one trading session, the Awesome Oscillator displayed red signal bars. The Relative Strength Index, on the other hand, remained bullish, hovering just below the 60-point level.
If the aforementioned conditions hold and prices continue to fall, the first level of support will be discovered at $125.95. The extra support line’s weekly low was $99.92.
NEO is presently trading at $63.78, up 9.7 percent in the last 24 hours. It was trading at its three-month high, while the nearest price resistance for NEO was $65.71. The coin’s technical measures were likewise in agreement, indicating a bullish trend.
The Awesome Oscillator produced amplified green signal bars. The Relative Strength Index was bullish, hovering slightly above the 75-point mark.
Chaikin Money Flow was also above the half-line, indicating an increase in capital inflows.
In the event of a price reversal, NEO would fall to find support near the $56.27 price line. If it fails to hold above that level, it could fall to its three-week low of $49.45.