Crypto Fear and Greed Index confirmed a price of 70 as Bitcoin noticed bullishness prevail each on the charts and on social media posts. Litecoin rose previous resistance at $58.6 however confirmed a bearish divergence that might see a minor pullback for the asset. Tron was buying and selling inside a spread and confirmed no indicators but of breaking out whereas Dogecoin was forming larger lows however the long-term development may drive the worth decrease.
Litecoin surged previous the essential area of resistance at $50 and even breached $58.6 prior to now few days. Nonetheless, a bearish divergence was seen
The worth made barely larger highs whereas the RSI shaped decrease highs, indicating that LTC could also be due for a correction.
LTC could also be pressured beneath the just lately flipped degree, to search out help at $56. A detailed beneath $56 can be bearish, whereas a protection of $58 by the bulls would point out extra features within the subsequent week or two.
TRX moved feebly above a long-term descending trendline and was buying and selling inside a rectangle sample (yellow). It’s technically a rectangle high and customarily sees a get away to the upside.
The buying and selling quantity was not as excessive because it was earlier in October. The Bollinger Band width additionally confirmed lowered volatility, though the bottom it has been this month was on the nineteenth when buying and selling quantity was additionally at its constantly.
A breakout to both course will likely be confirmed by excessive buying and selling quantity in addition to heightened volatility, indicated by the widening Bollinger Bands.
Dogecoin was forming larger lows prior to now few days (white). It additionally just lately surged to $0.002856, the following degree of resistance however was rejected simply as shortly.
Whereas the worth didn’t break beneath the rising trendline, the MACD confirmed a promote sign. The space between the MACD line and the sign line prior to now couple of days additionally confirmed sturdy bearish momentum.
A detailed beneath trendline help might take DOGE to $0.00257.