Litecoin formed a rising wedge pattern and could fall back to $ 217 in the coming hours, although the long-term outlook remains bullish. Monero formed what appeared to be an ascending triangle pattern. Chiliz bulls quickly bought a drop to $ 0.38 to regain the $ 0.47 support.
LTC formed a rising wedge on the hourly chart. This could cause it to fall back into the demand zone and sink as much as $ 210 south. The Chaikin cash flow was close to -0.05, and a decrease would mean that the capital leaving the market was greater than the capital entering the market, a sign of seller dominance. The Supertrend indicator continued to show a sell-signal for LTC.
Despite the near-term bearish outlook for LTC, LTC has just moved towards a symmetrical triangle that it has been trading in since February. This move could cause LTC to move towards $ 300 in the coming weeks.
The $ 250 and $ 265 regions served as notable areas of supply and demand for the past week. The $ 265 area appears to have tipped into a demand area as well. The ascending trendline (white) shows the possibility that XMR will form an ascending triangle with a resistance of $ 275-277.
The OBV saw good buying volume from the end of March, but there has been some balance in buying and selling volumes over the past few days. If XMR was rejected at $ 275-280, it could cost $ 265 and add more buyers.
At the time of writing, the Awesome Oscillator was hovering above zero line to show bullish momentum.
For most of the last month, CHZ trended lower on the charts. The supply range of $ 0.53-0.56 remained unmatched, and the CHZ fell below the $ 0.42 and $ 0.47 support levels but rose again in recent days.
The directional movement index showed a lack of definitive direction for CHZ as the ADX (yellow) and directional indicator lines were all hovering around the value of 20. The RSI, which fell to 26 when CHZ visited the $ 0.38 level, has rebounded to show a neutral level of 52 at the time of writing.
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