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.
Polkadot Price Potential For Positive Breakout Above 50-EMAThe technical chart reflects on the positive bounce back made by the price levels of Polkadot after touching the critical support area of $7.00 due to a downtrend from the past couple of trading sessions. A positive breakout above the 0.382fib level can surely be a bullish indication for the crypto asset for upcoming market sessions. On the contrary, a negative breakout from the falling channel pattern might indicate the existence of the bears.
The Relative Strength Index (RSI) looked to regain bullish levels after suffering negative breakouts to the oversold region while standing at 47.65.
The Schaff Trend Cycle (STC) has indicated a buying signal during the current market session indicating potential positive momentum for the coin.
The Moving Average Convergence & Divergence (MACD) has formed a bullish crossover and the levels will be looking for a positive breakout above the histogram line.
Price Levels Forming Rising Channel Indicating Ideal Entry PointThe technical chart of ADA highlights the gradual positive momentum built by the price levels which is followed by significant retracement after reaching the critical resistance zone of $0.35. The retracement ended up after the price levels touched the critical support area of $0.20 on the downside which helped to revive the positive momentum forming a rising channel pattern. A positive breakout above the 0.236fib level can surely be a bullish indication for the upcoming trading sessions.
The relative strength index (RSI) is also showcasing positive nature while standing at 59.86 and looking for a positive breakout to the overbought region.
The moving average convergence & divergence (MACD) also formed a bullish crossover and the levels looked for a positive breakout above the histogram line.
The commodity channel index (CCI) was also able to sustain in the overbought region reflecting on the positive sentiment for the crypto asset while standing at 98.02.
Resistance Level: $0.35
Support Level: $0.25 & $0.20
Will Chainlink Coin Price Have Positive Breakout From TriangleThe technical chart of Chainlink coin price reflects on the magnitude of the negative momentum faced during the past couple of trading sessions which was halted at the support level of $12.00. The price levels were able to revive positive momentum from the support level and will be looking for a positive breakout from the descending triangle pattern. For having a positive breakout, the price levels must break above the 0.382fib level.
The moving average convergence & divergence (MACD) has formed a bullish crossover and the levels looking for a positive breakout above the histogram line.
The relative strength index (RSI) has also regained bullish levels after facing multiple negative dips to the oversold region and currently stands at 51.87.
Resistance Level: $15.50 & $18.50
Support Level: $13.00 & $12.00
