Following the consolidation trend of the entire market, the altcoin industry also witnessed the same price sentiments. ADA, for example, began to represent a range-limited move after hitting an all-time high, a few days ago.
Litecoin recorded a minor drop of 3.3%, while looking at the support line of $ 161.90 as the buying pressure lost steam. Lastly, VeChain remained consolidated within the $ 0.127 and $ 0.115 levels.
ADA fell 1.7% on its chart over the past 24 hours and was trading at $ 2.76. The alt showed restricted range movement on the chart. ADA was trading between the price range of $ 2.93 and $ 2.76.
A further drop from the aforementioned price levels would push the token to its immediate support at $ 2.66 and then to $ 2.39. ADA movements signal bearish price patterns as confirmed by technical indicators.
Relative Strength Index It fell below the 50 mark when the buying pressure waned. Awesome oscillator shows red signal bars.
In contrast, capital inflows remained on the bullish side as Chaikin money flow it stood above the mean line. A break above the current price level could propel ADA to revisit the $ 2.93 and $ 3.07 mark respectively.
LTC was trading at $ 168.67 after posting a 3.3% loss since yesterday. It approached its immediate low price of $ 161.90. More profit taking in the market could drag prices to $ 143.24.
Selling pressure drove the Relative Strength Index south within the bearish zone. Awesome oscillator showed a sell signal along with red signal bars indicating negative price action.
MACD it underwent a bearish crossover and showed red bars appearing on its histogram. If Litecoin’s bearish outlook does not hold, prices could rise to test the $ 177.61 and $ 188.43 levels respectively.
FP decreased by 1.3% and its price was $ 0.117. The currency showed a consolidated movement on its four-hour chart. Consolidated VET between $ 0.127 and $ 0.115.
Bollinger Bands, in correlation with it, it also showed hardening of the bands. If VET trades within this range for more than a few trading sessions, prices could hit the low price of $ 0.103.
The buying force remained low as Relative Strength Index was seen at mark 40. MACD it experienced a bearish crossover and subsequently showed red bars on its histogram.
A break to the upside would mean VET would find immediate resistance at $ 0.127 and then $ 0.145.
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