Uniswap, Bitcoin SV, Litecoin Price  Movement Analysis for 4th May, 2021

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Uniswap sought help at the 200-day moving average, and some trading interest was seen around the $40 mark. After a minor pullback, Bitcoin SV bounced back from $341, but this field will need to be defended once more. Finally, at the time of publication, Litecoin was sending mixed signals. A bullish outcome would see LTC climb to $300, while a bearish outcome would see it fall all the way to $250.

Uniswap [UNI]

Since crossing the $45 mark, there was some sale in the Uniswap market as the price fell. The hourly timeframe caught the bearish trend and revealed a drop towards the 200-SMA (green) near $40. Buyers came in at this point and raised the price past $41.5, but the 50-SMA provided some resistance (red). The Awesome Oscillator detected any bullish energy, but it was doubtful that this would sustain UNI above $43 in the coming sessions.

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The RSI recovered before crossing into the oversold zone and heading towards neutral 50. A move above $43 would likely see the bulls reclaim $45, but bullish cues from the wider market were needed.

Bitcoin SV [BSV]

Source: BSV/USD, TradingView

An ascending triangle breakout gained nearly 10% from the pattern’s upper trendline, and a small pullback after the breakout was cushioned around $341-support. If the hourly Bitcoin SV charts showed some buying near the current defensive line, the 4-hour window revealed some bearish traction.

The Awesome Oscillator recorded two red bars, indicating that the bulls can need to defend the $341-level once more. Even the MACD indicator was closing in on a bearish crossover. In the event of a collapse, there is some help around $308-310, and buyers may enter at this range.

Litecoin [LTC]

Source: LTC/USD, TradingView

A candlewick soared as high as $300, but bears reacted quickly, pushing Litecoin down below $290. The stock was actually in an extended pinch, with positive momentum, according to the Squeeze Momentum Indicator. Following the activation of the squeeze, the first light blue dot and a green bar will indicate a buy signal. LTC will most likely return to the $300 range as a result of this. A light blue bar followed by a red bar, on the other hand, will indicate a sale warning.

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Since MACD was on the brink of a bearish crossover, LTC may experience another drop in the coming sessions. This will draw attention to the support lines at $265 and $250.

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