Litecoin moved above the $150 mark as soon as extra after a minor correction that noticed its value dip to $141. Compound may see a short-term bearish situation unfold over the approaching hours, whereas Cosmos confirmed rising bullish momentum because it approached $10.
On the hourly chart, LTC had proven a bearish divergence at the same time as LTC moved above $150. This prompted a correction and noticed LTC dip again towards $140 earlier than resuming its upward transfer as soon as extra.
This decrease timeframe indicated that the correction is over and bullish momentum was within the driver’s seat as soon as extra. The RSI climbed again above impartial 50 whereas the value surmounted the $150 stage as nicely. Buying and selling quantity was noticeable however not extraordinary.
LTC has been buying and selling inside $123 to $180 since late December, and shifting previous the 50% stage of the vary makes the vary highs a medium-term goal for LTC bulls.
As soon as extra, the 1-hour timeframe was chosen to research COMP. The longer timeframes present a strongly bullish digital asset that exhibits no signal of a retracement but. Nevertheless, on the hourly charts, the Superior Oscillator was bullish however it may kind a decrease peak than the one registered lately.
This may current a bearish twin peaks setup and would give a promote sign that can be utilized to scalp a brief commerce to the $470 area.
There may be some resistance from the neighborhood of $500, and rejection at this psychological stage may see COMP dip to the $450 stage of help.
Cosmos broke out of the descending triangle to the upside and reached the projected goal of $9.7 that was the height of the triangle formation. Additional on lies the earlier native excessive at $10.2 that noticed robust promoting strain to push the value again to $9.4.
The MACD shaped a bullish crossover above the zero line, indicating robust bullish momentum for ATOM that might see it escape previous $10.2. Nevertheless, buying and selling quantity was but to achieve traction. Ranges of help lie at $9.32 and $8.6.