Bitcoin and Ethereum had a cascading effect on the market as a whole, as the coins traded above $ 48,000 and $ 3,238.42, respectively. Polkadot was up 4.7% and prepared to test the $ 26.74 resistance mark, while Litecoin also showed optimism as it approached its immediate high of $ 180.87.
Ethereum recovered its recent losses by 3.9%, over the last 24 hours and prices stood at $ 3,238.42. After observing a positive price reversal, ETH fell above the $ 3235.61 resistance mark. It could retest the $ 3352.89 mark with an ongoing uptrend. Technical parameters pointed towards positive price action.
Relative Strength Index it was above the average line after buying pressure was reactivated. Consequently, Chaikin money flow it was also represented in bullish territory, above the midline, as capital inflows increased.
MACD underwent a bullish crossover and flashed green bars on its histogram. Should ETH witness a price pullback again, support levels await at $ 3083 and $ 2880.70 respectively.
The DOT is up 4.7% on its chart in the past 24 hours and is trading at $ 25.94. The alt was trading near its immediate resistance at $ 26.74. If it breaks the $ 26.74 mark, you could try testing the $ 28.94 mark.
Indicators for PUNTO remained optimistic. MACD displayed green histograms as the buying force recovered as Relative Strength Index rose above the midline.
Bollinger BandsHowever, he outlined the possibilities of a move within the range, as the indicator remained restricted. Prices could range from $ 26.74 to $ 23.31 in case the above notion is true.
On the other hand, if the DOT loses positive momentum, it could land at the $ 23.31 and $ 20.20 support levels.
Litecoin was trading at $ 174.90, after appreciating 3.4% since the last day. The token prepared to approach its immediate resistance of $ 180.87. Upon overthrowing him, the coin could trade near the $ 188.70 mark.
This price recovery was reflected in the LTC technicians. MACD you noticed green bars on your histogram. Awesome oscillator they also showed green signal bars affirming a price recovery.
Relative Strength Index rose above 50 due to upward pressure on the buying force. In case the buying pressure does not recover, the support zone for LTC can be between $ 161.19 and $ 148.33 respectively.
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