Monero, the ninth-largest cryptocurrency, is currently trading at $106.60, with a market cap of $1.75 billion. The trading volume of XMR is $13.13 million, with 97% of it being contributed by Bithumb.
There seems to be an uptrend spawning in the one-hour charts for Monero. The uptrend ranges from $103.05 to $106.41, while the downtrend ranges longer than the uptrend as it spawns from $111.82 to $107.80. The support at $103.05 is holding strong and the price is holding steady. The immediate resistance is set up at $107.80 while the subsequent resistances are set up at $109.13 and $109.95.
The Parabolic SAR indicates a bullish run in the shorter time frames as the markers are forming below the candles.
The MACD indicating a bearish move as seen from the bearish crossover. The MACD histogram has also reversed indicating the same.
The Chaikin Money Flow is also indicating a bearish move as the line is dipping to the bottom.
Unlike other cryptocurrencies, a small uptrend can be seen on Monero’s chart. The uptrend spans from $84.20 to $105.45. The downtrend is significant due to its stretch from April, the price ranges from $261.16 to $114.07. There are two supports, one at $100.52 where the prices bounced off twice. The next support is spawned at $84.20. The prices have set new resistance at $115.58. The next resistance points are set up $137.89, $164.37, and $212.87.
The Bollinger Bands are indicating a bearish trend as the prices are tumbling below the simple moving average indicating that the sellers are controlling the market.
The Aroon indicator shows that the downtrend has lost strength, while the uptrend has gained strength after the crossover.
The Stochastic indicator shows clearly shows a bearish crossover as the stochastic line saturated at the top, signaling that the markets are oversold. The lines have undergone a bearish crossover.
The charts show a gloomy future for Monero as MACD and CMF indicate the same. Only the Parabolic SAR indicates otherwise. The larger time frame i.e., the one-day chart, shows a bearish overall trend as the indicators shows the same.
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Litecoin [LTC] smashes $100 valuation for the second time this year
Litecoin [LTC] posted massive gains and came out as the biggest winner among altcoins as the week came to an end. The digital coin led the altcoin pack towards another bull run.
The latest pump, however, drove the crypto-asset’s price over $100-mark for the second time this year. Subsequently, the silver coin took over EOS to secure its position as the fifth largest crypto-asset by market cap.
As the crypto market started embracing green, many analysts in the space are of the opinion that the “altseason is upon us”. With the latest upswing, LTC became the fourth coin in the top ten with a three-digit valuation after Bitcoin [BTC], Ethereum [ETH], and Bitcoin Cash [BCH].
At press time, the coin was priced at $103.4 after surging by 7.93% over the last 24 hours. LTC registered a market cap of $6.40 billion and a 24-hour trading volume of $6.14 billion. Additionally, the digital coin rallied by 17.52% over the past week.
Litecoin was trading highest on Coineal via the trading pair LTC/BTC, accounting for a volume of 11.98%. The crypto-asset exchange was followed by EXX, which held 8.48% of the trading volume via LTC/USDT.
The upcoming Litecoin second halving event, scheduled for August 2019, and institutional adoption of the crypto were attributed to the series of bull domination this year.
Litecoin crashed soon after June 2018 and hit the lowest point at $30 earlier this year. The coin’s market recovery was resisted by bears as it was juggling within the range of $85-$90 before breaking the much-anticipated $100-mark.
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