Cryptotrading
Litecoin Price Showcasing Unsustainability Above $150The technical chart highlights the significant retracement faced by Litecoin price levels forcing it to test the baseline of the retracement table. The levels did have a positive bounceback but currently facing resistance at 0.5fib level. A positive breakout in the form of candle closing above the resistance line can be a confirmed bullish indication for the upcoming trading sessions.
The relative strength index (RSI) has retraced back after testing the overbought region but was unable to have a positive breakout. The current level stands at 55.19.
The moving average convergence & divergence (MACD) looked vulnerable for a bearish crossover which can again diverge the levels below the histogram line.
The directional movement index (DMI) also showcased bearish nature as ADX took a negative turn and faced negative crossover against -DI.
Resistance Level: $150.00
Support Level: $120.00
ADA Price Persisting On The Rising Channel Pattern The technical chart of Cardano reflects on the strong positive bounceback made by the price levels after testing the critical support line of 0.618fib level. With the help of positive sentiments emerging in the overall market conditions from the past couple of trading sessions, the price levels were able to have a positive breakout above the resistance line placed at 0.236fib level. It also indicates that the levels have now again entered critical resistance area and one can expect some volatility from the digital asset.
The relative strength index (RSI) have retraced back after multiple testing of the overbought line but were unable to have a positive breakout. The current level stands at 55.40.
The moving average convergence & divergecne (MACD) have consolidated for the day after climbing above the histogram line.
The directional movement index (DMI) is showcasing positive nature as +DI remains above -DI and ADX, respectively.
