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Litecoin, Augur, Verge Price Analysis: 30 March

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Source: Pixabay

Litecoin attempted to reclaim the level above $197.18 and could surge towards its $207.4-resistance in a bullish outcome. Augur gave mixed signals as the price closed in on the upper ceiling at $44.37 while Verge cooled-off from its local high and moved towards the $0.037-support.

Litecoin [LTC]

Source: LTC/USD, TradingView

A look at the 4-hour charts for Litecoin showed a recovery in progress after the price rose north from a strong support line at $170.3. At the time of writing, the price was attempting to flip yet another resistance line at $197.18, and successfully doing so would likely push LTC towards $207.4.

The RSI pointed north from over 60 and underlined bullish strength in the market. Conversely, the Awesome Oscillator registered two red bars and noted a switch of momentum to the bearish side, lending some uncertainty to a favorable scenario.

Augur [REP]

Source: REP/USD, TradingView

While Augur showed clear bullish movement over the last 24-hours, the appearance of a bearish spinning top on the 4-hour timeframe hinted at exhaustion. The RSI flattened in the overbought region as the price approached the $44.37-resistance. A reversal in the same could see REP move closer to its immediate support at $39.9.

To counter a bearish argument, the MACD line continued to move above the Signal line and the half-mark. Trading volumes jumped by 100% at the time of writing and clocked in at $114.9 million.

Verge [XVG]

Source: XVG/USD, TradingView

A drop of nearly 5% in the last 24-hours saw Verge retrace from its local high after a bullish rally over the last five days. The Parabolic SAR registered a single dotted mark under the price candles, but one that signaled a shift of trend for the cryptocurrency. The Stochastic RSI also hinted at a pullback after it reversed its trajectory from the overbought zone.

A dip below the $0.037-level could lead to additional losses towards the next line of defense at $0.03. If the losses are sustained at the press time support, expect XVG to resume its uptrend over the next few sessions.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.