Litecoin was underneath short-term bearish strain and was prone to head towards the $135 degree of assist over the following few hours. Dash was on the verge of shedding $113 as a degree of assist because it noticed a wave of promoting strain rise and FTX Token confirmed a dip in shopping for quantity, whilst the worth climbed above $10.
LTC shaped a variety with higher and decrease boundaries at $180 and $123 respectively. Inside it are highlighted some vital ranges (pale yellow) the place the worth can anticipate to fulfill assist and resistance in line with Gann’s rule of eighths.
It may be seen that the 75% degree of the vary was revered, and rejection at this degree pressured the worth beneath the 50% degree and retest the identical as resistance. The MACD confirmed bearish momentum, indicating that LTC was prone to head to the $135-$139 area.
Over the following few hours, the confluence between the 25% degree and the horizontal assist at $139 is the area to be careful for. LTC is prone to commerce sideways on this area for a number of hours earlier than it both slips decrease to go towards $123 or bounces again towards $150.
DASH shaped a rising wedge and this bearish reversal sample was confirmed when the worth slipped beneath the sample. The week following this sample’s validation noticed DASH return to the bottom of the sample on the $113 degree.
The RSI confirmed that draw back momentum was rising because it dropped deeper into bearish territory. A bullish divergence might be exhibited – RSI making larger lows whereas the worth made decrease lows. This might see DASH bounce off the $113-$110 area.
The $107, $100, and $93 ranges can act as assist ought to the worth fail to bounce again.
FTX Token [FTT]
The Fastened Vary Quantity Profile recognized $9.6 because the Level of Management (PoC) for FTT – a degree it rose previous and retested as assist over the previous week.
Nevertheless, the OBV registered a sequence of decrease highs to point dwindling shopping for quantity, whilst FTT surged previous the PoC. This disagreement confirmed a correction was doable for FTT. Dropping beneath $9.6 may see FTT take a look at the $8.8 degree as assist.