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Litecoin [LTC] Price Analysis: Coin anticipates bullish breakout as it continues to tread below $60

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Litecoin [LTC] Price Analysis: Token anticipates bull break out as it continues to tread below $60
Source: Pixabay

On 15 March, the price of the fourth largest crypto asset opened at $56.36, and gradually rose to $57.12, by press time. LTC held a market cap of $3.47 billion, with a 24-hour trading volume of $1.62 billion. The silver token recorded a slight positive change of 1.21% against the US Dollar.

Coineal contributed to 8.94% of the coin’s 24-hour trading volume via the trading pair LTC/BTC.

1-hour

Source: TradingView

LTC’s one-hour chart showed an uptrend from $45.28 to $52.35, and a minor downtrend from $56.76 to $54.75. The resistance for the coin remained at $58.40, while the support for the coin stood at $45.35.

Parabolic SAR: The dotted markers were aligned below the price candles, suggesting a bullish phase for the coin.

MACD: The MACD line continued to tread above the signal line and depicted a bullish market for the coin.

Klinger Oscillator: The reading line was below the signal line and predicted a bearish course for Litecoin.

1-day

Source: TradingView

The candlesticks on the LTC chart exhibited an uptrend from $32.82 to $45.68, and a significant downtrend from $56.01 to $33.96. The immediate resistance for the silver crypto asset was noted at $67.73, while the second resistance was at $89.15. Significant support for the coin was found at $29.80.

Bollinger Bands: The BB indicators showed the bands diverging and suggested a possible price breakout.

Awesome Oscillator: The closing bars of the indicator were red, suggesting bearish price momentum for Litecoin.

Chaikin Money Flow: The CMF was above the zero-line and suggested that money was flowing into the coin market. Therefore, a bullish price pattern was pictured for LTC.



Conclusion

The short-term indicators sided with the bull, while the long-term chart was unclear in its prediction.





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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

Analysis

XRP vs Stellar Lumens [XLM] Price Analysis: Bulls suppress bears to push market forward

Yash Rajan

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XRP vs Stellar Lumens [XLM] Price Analysis: Bulls suppress bears to move forward
Source: Pixabay

XRP, the third largest cryptocurrency, was priced at $0.383 agfter falling 1.87% over the 24 hours, according to CoinMarketCap. XRP held a market cap of $16.121 billion and registered $1.29 billion in 24-hour trading volume for XRP.

At press time, Stellar Lumens [XLM] was priced at $0.125, after falling 1.56% over the past 24 hours. It stood ninth on the top 10 list with a market cap of $19.302 billion and $844.41 million in 24-hour trading volume.

1-Day XRP

XRP saw an uptrend from $0.331 to $0.461 and a downtrend from $0.461 to $0.388. Resistances were at $0.458 and $0.420. Support lines were located at $0.371 and $0.285.

Source: TradingView

Source: TradingView

Parabolic SAR presented a bearish trend as the markers were above the candles.

Moving Average Convergence/Divergence [MACD] indicator was undergoing a bearish crossover.

Relative Strength Index showed a relatively overbought status for the coin.

1-Day XLM

On the one-day XLM chart, the resistance line stood at $0.143 and the support lines stood at $0.115 and $0.091. It saw an uptrend from $0.133 to $0.141. XLM also saw a downtrend from $0.142 to $0.125.

Source: TradingView

Source: TradingView

Bollinger Bands displayed an increase in volatility in the market as the bands were diverging.

Awesome Oscillator presented a bullish buying opportunity.

Chaikin Money Flow indicator was above the zero-line, indicating that money was flowing into the market.



Conclusion

XRP saw a fusion of bullish and bearish trends while XLM sides with the bulls after being stalled by bears for the past one month.





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